Formation; Qualification. Such Partnership is a limited partnership duly formed under the DRULPA or TRLPA, as applicable, and is validly existing and in good standing under the laws of the State of Delaware or the State of Texas, as applicable. Such Partnership has all requisite partnership power and authority to own, operate or lease its properties and to carry on its business as now being conducted. Such Partnership is duly qualified to do business as a foreign limited partnership and is in good standing in each jurisdiction where the character of its properties owned, operated or leased, or the nature of its activities, makes such qualifications necessary.
Appears in 25 contracts
Samples: Agreement and Plan of Merger (Pioneer Natural Resources Usa Inc), Agreement and Plan of Merger (Pioneer Natural Resources Usa Inc), Agreement and Plan of Merger (Pioneer Natural Resources Usa Inc)
