Common use of Valid Existence Clause in Contracts

Valid Existence. Such Purchaser (i) is duly organized, validly existing and in good standing under the Laws of its respective jurisdiction of organization and (ii) has all requisite power, and has all material governmental licenses, authorizations, consents and approvals, necessary to own its Properties and carry on its business as its business is now being conducted, except where the failure to obtain such licenses, authorizations, consents and approvals would not have and would not reasonably be expected to have a Purchaser Material Adverse Effect.

Appears in 22 contracts

Sources: Class D Preferred Unit Purchase Agreement (Atlas Pipeline Partners Lp), Class D Preferred Unit Purchase Agreement (Atlas Pipeline Partners Lp), Common Unit Purchase Agreement (Atlas Resource Partners, L.P.)

Valid Existence. Such Purchaser (i) is duly organized, validly existing and in good standing under the Laws of its respective jurisdiction of organization and (ii) has all the requisite power, and has all material governmental licenses, authorizations, consents and approvals, approvals necessary to own its Properties and carry on its business as its business is now being conducted, except where the failure to obtain such licenses, authorizations, consents and approvals would not have and would not reasonably be expected to have a Purchaser Material Adverse Effect.

Appears in 8 contracts

Sources: Common Unit Purchase Agreement, Common Unit Purchase Agreement (American Midstream Partners, LP), Common Unit Purchase Agreement (NGL Energy Partners LP)

Valid Existence. Such Purchaser Purchaser, if not an individual, (ia) is duly organized, validly existing and in good standing under the Laws of its respective jurisdiction of organization and (iib) has all the requisite power, and has all material governmental licenses, authorizations, consents and approvals, approvals necessary to own its Properties and carry on its business as its business is now being conducted, except where the failure to obtain such licenses, authorizations, consents and approvals would not have and would not reasonably be expected expected, individually or in the aggregate, to have a Purchaser Material Adverse Effect.

Appears in 3 contracts

Sources: Class a Convertible Preferred Unit Purchase Agreement (Gainsco Inc), Convertible Preferred Unit Purchase Agreement (Goff John C), Class a Convertible Preferred Unit Purchase Agreement (Mid-Con Energy Partners, LP)

Valid Existence. Such Purchaser (ia) is duly organized, validly existing and in good standing under the Laws of its respective jurisdiction of organization and (iib) has all the requisite power, and has all material governmental licenses, authorizations, consents and approvals, approvals necessary to own its Properties and carry on its business as its business is now being conducted, except where the failure to obtain such licenses, authorizations, consents and approvals would not have and would not reasonably be expected expected, individually or in the aggregate, to have a Purchaser Material Adverse Effect.

Appears in 2 contracts

Sources: Class a Convertible Preferred Unit Purchase Agreement (Genesis Energy Lp), Class a Convertible Preferred Unit and Warrant Purchase Agreement (NGL Energy Partners LP)

Valid Existence. Such Purchaser (ia) is duly organized, validly existing and in good standing under the Laws of its respective jurisdiction of organization and (iib) has all requisite powerpower and authority, and has all material governmental licenses, authorizations, consents and approvals, approvals necessary to own its Properties and carry on its business as its business is now being conducted, except where the failure to obtain such licenses, authorizations, consents and approvals would not have and would not reasonably be expected expected, individually or in the aggregate, to have a Purchaser Material Adverse Effect.

Appears in 2 contracts

Sources: Class D Preferred Unit and Warrant Purchase Agreement (NGL Energy Partners LP), Class D Preferred Unit and Warrant Purchase Agreement (NGL Energy Partners LP)

Valid Existence. Such The Purchaser (i) is duly organized, validly existing and in good standing under the Laws of its respective jurisdiction of organization and (ii) has all requisite power, and has all material governmental licenses, authorizations, consents and approvals, necessary to own its Properties and carry on its business as its business is now being conducted, except where the failure to obtain such licenses, authorizations, consents and approvals would not have and would not reasonably be expected to have a Purchaser Material Adverse Effect.

Appears in 2 contracts

Sources: Common Share Purchase Agreement (Interoil Corp), Common Share Purchase Agreement (Interoil Corp)

Valid Existence. Such Purchaser (i) is duly organized, validly existing and in good standing under the Laws of its respective jurisdiction of organization and (ii) has all requisite power, and has all material governmental licenses, authorizations, consents and approvals, necessary to own its Properties properties and carry on its business as its business is now being conducted, except where the failure to obtain such licenses, authorizations, consents and approvals would not have and would not reasonably be expected to have a Purchaser Material Adverse Effect.

Appears in 1 contract

Sources: Common Unit Purchase Agreement (Tc Pipelines Lp)

Valid Existence. Such Purchaser (i) is duly organized, validly existing and in good standing under the Laws of its respective jurisdiction of organization and (ii) has all requisite power, and has all material governmental licenses, authorizations, consents and approvals, necessary to own its Properties and carry on its business as its business is now being conducted, except where the failure to obtain such licenses, authorizations, consents and approvals would not have and would not reasonably be expected to have a Purchaser Material Adverse Effect.

Appears in 1 contract

Sources: Stock Purchase Agreement (Spacehab Inc \Wa\)

Valid Existence. Such The Purchaser (i) is duly organized, ---------------- validly existing and in good standing under the Laws of its respective jurisdiction of organization and (ii) has all requisite power, and has all material governmental licenses, authorizations, consents and approvals, approvals necessary to own its Properties and carry on its business as its business is now being conducted, except where the failure to obtain such licenses, authorizations, consents and approvals would not have and would not reasonably be expected to have a Purchaser Material Adverse Effect.

Appears in 1 contract

Sources: Note and Warrant Purchase Agreement (Petrosearch Energy Corp)

Valid Existence. Such The Purchaser (i) is duly organized, validly existing and in good standing under the Laws of its respective jurisdiction of organization and (ii) has all requisite power, and has all material governmental licenses, authorizations, consents and approvals, necessary to own its Properties properties and carry on its business as its business is now being conducted, except where the failure to obtain such licenses, authorizations, consents and approvals would not have and would not reasonably be expected to have a Purchaser Material Adverse Effect.

Appears in 1 contract

Sources: Common Unit Purchase Agreement (Tc Pipelines Lp)

Valid Existence. Such Purchaser (i) is duly organized, validly existing and in good standing under the Laws of its respective jurisdiction of organization and (ii) has all requisite power, and has all material governmental licenses, authorizations, consents and approvals, necessary to own own, lease, use or operate its Properties and carry on its business as its business is now being conducted, except where the failure to obtain such licenses, authorizations, consents and approvals would not have and or would not reasonably be expected to have a Purchaser Material Adverse Effect.

Appears in 1 contract

Sources: Common Stock Purchase Agreement (Endeavour International Corp)

Valid Existence. Such The Purchaser (i) is duly organized, validly existing and in good standing under the Laws of its respective jurisdiction of organization and (ii) has all requisite power, and has all material governmental licenses, authorizations, consents and approvals, necessary to own its Properties and carry on its business as its business is now being conducted, except where the failure to obtain such licenses, authorizations, consents and approvals would not have and would not reasonably be expected to have a Purchaser Material Adverse Effect.

Appears in 1 contract

Sources: Securities Purchase Agreement (Spacehab Inc \Wa\)

Valid Existence. Such Purchaser (i) is duly organized, validly existing and in good standing under the Laws of its respective jurisdiction of organization and (ii) has all the requisite power, and has all material governmental licenses, authorizations, consents and approvals, approvals necessary to own its Properties and carry on its business as its business is now being conducted, except where the failure to obtain such licenses, authorizations, consents and approvals would not have and would not reasonably be expected to have a Purchaser Material Adverse Effect.

Appears in 1 contract

Sources: Common Unit Purchase Agreement (New Source Energy Partners L.P.)

Valid Existence. Such Purchaser (i) is duly organized, validly existing and in good standing under the Laws of its respective jurisdiction of organization and (ii) has all requisite power, and has all material governmental licenses, authorizations, consents and approvals, approvals necessary to own its Properties and carry on its business as its business is now being conducted, except where the failure to obtain such licenses, authorizations, consents and approvals would not have and would not reasonably be expected to have a Purchaser Material Adverse Effect.

Appears in 1 contract

Sources: Common Unit and Class B Unit Purchase Agreement (U.S. Shipping Partners L.P.)