City’s Representations and Warranties. The City represents and warrants the following as a material inducement for the City to enter into this Agreement: a. The City is a municipal corporation with a home rule charter, existing and in good standing under the laws of the State of North Dakota; that it has all the necessary power and authority to enter into this Agreement and carry out the transactions contemplated herein; and that the execution and delivery hereof and the performance by the City of its obligations hereunder will not violate or constitute a default under the terms and provisions of any agreement, law or court order to which the City is a party or by which the City is bound. b. All actions required to authorize the City to enter into this Agreement have been taken, and that this Agreement is a valid and binding obligation of Project BEE, enforceable in accordance with its terms. c. The person executing this Agreement on behalf of the City has the full power and authority to bind the City to the terms hereof.
Appears in 3 contracts
Samples: Lease Assignment Agreement, Assignment Agreement, Lease Assignment Agreement
City’s Representations and Warranties. The City represents and warrants the following as a material inducement for the City to enter into this Agreement:
a. The City is a municipal corporation with a home rule charter, existing and in good standing under the laws of the State of North Dakota; that it has all the necessary power and authority to enter into this Agreement and carry out the transactions contemplated herein; and that the execution and delivery hereof and the performance by the City of its obligations hereunder will not violate or constitute a default under the terms and provisions of any agreement, law or court order to which the City is a party or by which the City is bound.
b. All actions required to authorize the City to enter into this Agreement have been taken, and that this Agreement is a valid and binding obligation of Project BEEBee, enforceable in accordance with its terms.
c. The person executing this Agreement on behalf of the City has the full power and authority to bind the City to the terms hereof.
Appears in 2 contracts
Samples: Termination Agreement, Termination Agreement