Good Standing. Seller is a limited partnership, duly formed and in good standing in its state of formation, and that it is qualified to do business and is in good standing in those states where necessary in order to carry out the purposes of this Agreement;
Good Standing. Buyer is a corporation, duly formed and in good standing in its state of incorporation and is qualified to do business and in good standing in those states where necessary in order to carry out the purposes of this Agreement;
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