Common use of Incorporation; Qualification Clause in Contracts

Incorporation; Qualification. Such Specified FE Subsidiary is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of incorporation and has all requisite corporate power and authority to own, lease and operate its material assets and properties and to carry on its business as is now being conducted. Such Specified FE Subsidiary is duly qualified to do business as a foreign corporation and is in good standing under the laws of each jurisdiction in which its business as now being conducted shall require it to be so qualified, except where the failure to be so qualified would not have an Material Adverse Effect. Such Specified FE Subsidiary has heretofore delivered to DLC true, complete and correct copies of its Articles of Incorporation and Bylaws as currently in effect.

Incorporation; Qualification. Such Specified FE Subsidiary is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction respective state of incorporation and has all requisite corporate power and authority to own, lease and operate its material assets and properties and to carry on its business as is now being conducted. Such Specified FE Subsidiary is duly qualified to do business as a foreign corporation and is in good standing under the laws of each jurisdiction in which its business as now being conducted shall require it to be so qualified, except where the failure to be so qualified would not have an FE Material Adverse Effect. Such Specified FE Subsidiary has heretofore delivered to DLC true, complete and correct copies of its respective Articles of Incorporation and Bylaws Incorporation, Code of Regulations or Bylaws, as currently in effect.