Common use of Good Standing and Qualification Clause in Contracts

Good Standing and Qualification. Seller is a corporation duly organized, validly existing, and in good standing under the laws of Canada, has all necessary corporate powers to own its properties and to carry on its business as now owned and operated by it, and is duly qualified to transact interstate business and is in good standing in all jurisdictions in which the nature of its business or of its properties makes such qualification necessary.

Good Standing and Qualification. Seller is a corporation duly ---------------------------------------------- organized, validly existing, and in good standing under the laws of the United States of America and Canada, has all necessary corporate powers to own its properties and to carry on its business as now owned and operated by it, and is duly qualified to transact interstate business and is in good standing in all jurisdictions in which the nature of its business or of its properties makes such qualification necessary.