Common use of AUTHORITY; COMPLIANCE WITH LAW Clause in Contracts

AUTHORITY; COMPLIANCE WITH LAW. 7.01 YUKON and Affiliate hereby represent and warrant to the City that each 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 YUKON and Affiliate, and this Agreement constitutes the legal, valid and binding obligation of YUKON and Affiliate, and is enforceable in accordance with its terms and provisions.

AUTHORITY; COMPLIANCE WITH LAW. 7.01 YUKON hereby represents and Affiliate hereby represent and warrant warrants to the City that each 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 YUKON and AffiliateYUKON, and this Agreement constitutes the legal, valid and binding obligation of YUKON and AffiliateYUKON, and is enforceable in accordance with its terms and provisions.