Authority, Authorization and Enforceability. SWR has all requisite corporate power and authority to execute and deliver this Agreement and to 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 corporate action on the part of SWR. This Agreement has been duly executed and delivered by SWR and constitutes a valid and binding obligation of SWR enforceable against SWR in accordance with its terms.
Appears in 12 contracts
Samples: Agreement and Plan of Merger (Southwest Royalties Inc), Agreement and Plan of Merger (Southwest Royalties Inc), Agreement and Plan of Merger (Southwest Royalties Institutional Income Fund X-B Lp)
