Valid Organization. Buyer is a limited partnership duly formed, validly existing and in good standing under the Laws of the State of Delaware. As of the Closing Date, Buyer will be duly qualified or licensed to do business in all States where it is necessary and required to be so qualified or licensed in order to perform the obligations and effect the transactions contemplated by this Purchase Agreement.
Appears in 2 contracts
Sources: Interest Purchase Agreement (BP Midstream Partners LP), Interest Purchase Agreement