Due Incorporation and Authority. Company is on the date hereof, and Reorganized Covanta will be on the Effective Date, a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. Company has on the date hereof, and Reorganized Covanta will have on the Effective Date, all requisite corporate power and authority to own, lease and operate its properties and to carry on its business as currently conducted by Company.
Appears in 3 contracts
Sources: Investment and Purchase Agreement, Investment and Purchase Agreement (Covanta Energy Corp), Investment and Purchase Agreement (Danielson Holding Corp)