Conditions to Obligation of the Partnership to Effect the Merger. The obligation of the Partnership to effect the Merger shall be subject to the fulfillment (or waiver in whole or in part by the Partnership in its sole discretion) on or prior to the Closing Date of the following additional conditions: (a) SWR shall have performed in all material respects its agreements contained in this Agreement required to be performed by it on or prior to the Closing Date; and (b) The representations and warranties of SWR contained in this Agreement shall be true and correct in all material respects at and as of the Closing Date as if made at and as of such time except that the truth and correctness of representations and warranties of SWR that by their express terms speak as of a specified date will be determined as of such date.
Appears in 12 contracts
Samples: Merger Agreement (Southwest Royalties Inc), Merger Agreement (Southwest Royalties Inc), Merger Agreement (Southwest Oil & Gas Income Fund X-B Lp)