Common use of Incorporation; Power and Authority; No Conflict Clause in Contracts

Incorporation; Power and Authority; No Conflict. ITC (a) is duly incorporated, validly existing and in good standing under the laws of its place of incorporation; and (b) has the full power and authority to own and operate its assets and to enter into, execute, deliver and perform this Amendment and has obtained all necessary approvals to enter into and perform this Amendment. The execution, delivery and performance of this Amendment by ITC will not violate, conflict with or result in a default under its certificate of incorporation, bylaws or other Amendments by which it or its assets are bound.

Incorporation; Power and Authority; No Conflict. ITC (a) is duly incorporated, validly existing and in good standing under the laws of its place of incorporation; and (b) has the full power and authority to own and operate its assets and to enter into, execute, deliver and perform this Amendment Agreement and has obtained all necessary approvals to enter into and perform this AmendmentAgreement. The execution, delivery and performance of this Amendment Agreement by ITC will not violate, conflict with or result in a default under its certificate of incorporation, bylaws or other Amendments agreements by which it or its assets are bound.