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Common use of AUTHORITY; COMPLIANCE WITH LAW Clause in Contracts

AUTHORITY; COMPLIANCE WITH LAW. 8.01 XXXX hereby represents and warrants to the City that it has full lawful right, power and authority to execute and deliver and perform the terms and obligations of this Agreement and that the execution and delivery of this Agreement has been duly authorized by all necessary action by Xxxx and this Agreement constitutes the legal, valid and binding obligation of Xxxx, and is enforceable in accordance with its terms and provisions. 8.02 Notwithstanding any other provision of this Agreement, Xxxx shall comply with all federal, state, and local laws. 8.03 During the term of this Agreement, Xxxx agrees not to knowingly employ any undocumented workers at the Development, and if convicted of a violation under 8 U.S.C. Section 1324a(f), Xxxx shall repay the amount of the Incentives received by Xxxx as of the date of such violation within 120 business days after the date Xxxx is notified by the City of such violation, plus interest at the rate Burleson is paying on the most recent issuance of bonded indebtedness prior to Xxxx’x violation of this Article.

Appears in 2 contracts

Samples: Economic Development and Performance Agreement, Economic Development and Performance Agreement

AUTHORITY; COMPLIANCE WITH LAW. 8.01 XXXX BTX hereby represents and warrants to the City that it has full lawful right, power and authority to execute and deliver and perform the terms and obligations of this Agreement and that the execution and delivery of this Agreement has been duly authorized by all necessary action by Xxxx BTX and this Agreement constitutes the legal, valid and binding obligation of XxxxBTX, and is enforceable in accordance with its terms and provisions. 8.02 Notwithstanding any other provision of this Agreement, Xxxx BTX shall comply with all federal, state, and local laws. 8.03 During the term of this Agreement, Xxxx BTX agrees not to knowingly employ any undocumented workers at the Development, and if convicted of a violation under 8 U.S.C. Section 1324a(f), Xxxx BTX shall repay the amount of the Incentives received by Xxxx BTX as of the date of such violation within 120 business days after the date Xxxx BTX is notified by the City of such violation, plus interest at the rate Burleson is paying on the most recent issuance of bonded indebtedness prior to Xxxx’x BTX’s violation of this Article.

Appears in 1 contract

Samples: Chapter 380 Economic Development and Performance Agreement

AUTHORITY; COMPLIANCE WITH LAW. 8.01 XXXX 6.01 OTS hereby represents and warrants to the City that it has full lawful right, power and authority to execute and deliver and perform the terms and obligations of this Agreement and that the execution and delivery of this Agreement has been duly authorized by all necessary action by Xxxx OTS and this Agreement constitutes the legal, valid and binding obligation of XxxxOTS, and is enforceable in accordance with its terms and provisions. 8.02 6.02 Notwithstanding any other provision of this Agreement, Xxxx OTS shall comply with all federal, state, and local laws. 8.03 6.03 During the term of this Agreement, Xxxx OTS agrees not to knowingly employ any undocumented workers at the Development, and if convicted of a violation under 8 U.S.C. Section 1324a(f), Xxxx OTS shall repay the amount of the Incentives Grant Payments received by Xxxx OTS as of the date of such violation within 120 business days after the date Xxxx OTS is notified by the City of such violation, plus interest at the rate Burleson is paying on the most recent issuance of bonded indebtedness prior to Xxxx’x OTS’s violation of this Articlesection.

Appears in 1 contract

Samples: Economic Development Agreement