Mergers. At the Effective Time (as defined in Section 1.4), each Partnership shall be merged with and into Pioneer USA, the separate existence of such Partnership shall cease, and Pioneer USA, as the surviving corporation, shall continue to exist by virtue of and shall be governed by the laws of the State of Delaware.
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Sources: Proxy Statement (Pioneer Natural Resources Usa Inc), Proxy Statement (Pioneer Natural Resources Usa Inc), Proxy Statement (Pioneer Natural Resources Usa Inc)