Compliance with Laws; Noncontravention. The County is not in violation of any of the provisions of the laws of the State of California, or any subdivision thereof, or the United States of America, which would affect its existence or its powers referred to in Section 5.01 hereof or its ability to comply with all of its obligations hereunder and under the other Financing Documents to which it is a party. The County is in compliance with all laws, policies and guidelines adopted by or applicable to it and its investments, except to the extent that the failure to comply could not reasonably be expected to result in a material adverse effect on the financial condition or business condition of the County or its ability to satisfy its obligations with respect to the Notes, this Agreement or any of the other Financing Documents. The execution and delivery of, and performance by the County of its obligations under, this Agreement and the Financing Documents to which it is a party, and any and all instruments or documents required to be executed in connection herewith or therewith were and are within the powers of the County and do not violate any material provision of any applicable state or federal law, regulation, decree, order or governmental authorization, and does not in any material respect violate or cause a material default under any provision of any contract, agreement, mortgage, indenture or other undertaking to which it is a party or which is binding upon it or any of its property or assets, and does not result in the imposition or creation of any lien, charge, or encumbrance upon any of its properties or assets pursuant to the provisions of any such contract, agreement, mortgage, indenture or undertaking other than as set forth in the Financing Documents.
Appears in 4 contracts
Samples: Note Purchase and Reimbursement Agreement, Purchase and Reimbursement Agreement, Note Purchase and Reimbursement Agreement
