Authority, Authorization and Enforceability. The Partnership has all requisite partnership power and authority to enter into and perform the provisions of this Agreement. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary partnership action on the part of the Partnership, other than the approval of the limited partners of the Partnership. Subject to such approval of the limited partners of the Partnership, this Agreement has been duly executed and delivered by the Partnership and constitutes a valid and binding obligation of the Partnership enforceable against the Partnership in accordance with its terms.
Appears in 12 contracts
Samples: Agreement and Plan of Merger (Southwest Oil & Gas Income Fund X-B Lp), Agreement and Plan of Merger (Southwest Royalties Inc), Agreement and Plan of Merger (Southwest Royalties Inc)
