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: Purchase Option Agreement (Enron Corp/Or/), Option Agreement (Enron Corp/Or/), Option Agreement (Dynegy Inc /Il/)