Existence; Qualification; Subsidiaries. Grantee is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of formation and has full power and authority to conduct its business and own and operate its properties as now conducted, owned and operated.
Appears in 4 contracts
Samples: Option Agreement (Dynegy Inc /Il/), Option Agreement (Enron Corp/Or/), Purchase Option Agreement (Enron Corp/Or/)
