Common use of Organization of the Partnership Clause in Contracts

Organization of the Partnership. The Partnership is a limited partnership duly organized, validly existing and in good standing under the Laws of the State of Delaware.

Organization of the Partnership. The Partnership is a limited partnership duly organized, validly existing and in good standing under the Laws laws of the State of DelawareDelaware and is qualified to do business in each jurisdiction where the nature of its business or the ownership of its properties requires it to be qualified, except where a failure to be so qualified would not have a material adverse effect.

Organization of the Partnership. The Partnership is a limited partnership duly organizedformed, validly existing and in good standing under the Laws of the State of Delaware. The Partnership has full organizational power and authority to execute and deliver this Agreement and to perform the Partnership’s obligations hereunder and to consummate the transactions contemplated hereby, including without limitation to merge with the Corporation pursuant to this Agreement.

Organization of the Partnership. The Partnership is a limited partnership duly organized, validly existing and in good standing under the Laws laws of the State of Delaware. The Partnership has the limited partnership power and authority necessary to own or lease its properties and to carry on its businesses as currently conducted. There is no pending or, to the Partnership’s knowledge, threatened Action against the Partnership for its dissolution, liquidation, bankruptcy, insolvency, reorganization, moratorium or other similar proceeding.