NSH » Topics » Transactions

This excerpt taken from the NSH 10-Q filed Aug 28, 2006.

Transactions

2.1 Contribution of Valero GP LLC Member Interests to VEH. DSRMC hereby grants, contributes, transfers, assigns and conveys to VEH, its successors and assigns, 100% of the Member Interest, and VEH hereby accepts the Member Interest as a capital contribution in exchange for a 0.051103% VEH Interest.


TO HAVE AND TO HOLD 100% of the Member Interest unto VEH, its successors and assigns, together with all and singular the rights and appurtenances thereto in anywise belonging, subject, however, to the terms and conditions stated in this Agreement, forever.

2.2 General Provisions. Notwithstanding anything to the contrary contained in this Agreement, none of the Parties shall be deemed to have assumed, and the Member Interest has not been or is not being contributed subject to any liens or security interests securing consensual indebtedness covering the Member Interest.

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