Common use of Developer’s Representations Clause in Contracts

Developer’s Representations. Developer represents to the City as follows: 11.1.1 Developer is a limited liability company organized under the laws of the State of South Dakota and is, and will remain, in good standing; 11.1.2 Developer has the authority to enter into this Agreement and to perform the requirements of this Agreement without further action; 11.1.3 Developer’s performance under this Agreement will not violate any applicable judgment, order, law, or regulation, or previous obligation of Developer; 11.1.4 Developer’s performance under this Agreement will not result in the creation of any claim against the City for money or performance, any lien, charge, encumbrance or security interest upon any asset of the City; and 11.1.5 Developer has sufficient capital and financing to perform all of its obligations under this Agreement and the Project Plan.

Developer’s Representations. Developer represents to the City as follows: 11.1.1 12.1.1 Developer is a limited liability company organized under the laws of the State of South Dakota and is, and will remain, in good standing; 11.1.2 12.1.2 Developer has the authority to enter into this Agreement and to perform the requirements of this Agreement without further action; 11.1.3 12.1.3 Developer’s performance under this Agreement will not violate any applicable judgment, order, law, or regulation, or previous obligation of Developer; 11.1.4 12.1.4 Developer’s performance under this Agreement will not result in the creation of any claim against the City for money or performance, any lien, charge, encumbrance or security interest upon any asset of the City; and 11.1.5 12.1.5 Developer has sufficient capital and financing to perform all of its obligations under this Agreement and the Project Plan.