Organization and Related Matters. PSP is a limited partnership duly organized, existing and in good standing under the laws of the State of California with all requisite power and authority to own, lease and operate its properties and to carry on its business as and where now owned, leased, operated or carried on, as the case may be; and is duly qualified to do business and is in good standing in each jurisdiction in which the property owned, leased or operated by it or the nature of the business carried on by it requires such qualification and where the failure to so qualify would have a material adverse effect on its business, properties, results of operations or financial condition.
Appears in 8 contracts
Samples: Agreement and Plan of Reorganization (Ps Partners Vi LTD), Agreement and Plan of Reorganization (Ps Partners v LTD), Agreement and Plan of Reorganization (Ps Partners Vii LTD)
