Common use of Due Authorization and Approval Clause in Contracts

Due Authorization and Approval. By all necessary official action of the Authority, including but not limited to the Bond Resolution, the Authority has duly authorized and approved the execution and delivery of, and the performance by the Authority of the obligations contained in, the Authority Documents and as of the date hereof, such authorizations and approvals are in full force and effect and have not been amended, modified or rescinded. When executed and delivered, the Authority Documents will constitute the legally valid and binding obligations of the Authority enforceable in accordance with their respective terms, except as enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws or equitable principles relating to or affecting creditors’ rights generally. The Authority has complied, and will at the Closing be in compliance in all respects, with the terms of the Authority Documents.

Due Authorization and Approval. By all necessary official action of the Authority, including but not limited to the Bond Resolution, the Authority has duly authorized and approved the execution and delivery of, and the performance by the Authority of the obligations on its part contained in, the Authority Documents and and, as of the date hereof, such authorizations and approvals are in full force and effect and have not been amended, modified or rescinded. When executed and delivereddelivered by the Authority and the other parties thereto, the Authority Documents will constitute the legally valid and binding obligations of the Authority enforceable against the Authority in accordance with their respective terms, except as enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws or equitable principles relating to or affecting creditors’ rights generally. The Authority has complied, and will at the Closing be in compliance in all respects, with the terms of its obligations under the Authority Documents.

Due Authorization and Approval. By all necessary official action of the Authority, including but not limited to the Bond Resolution, the Authority has duly authorized and approved the execution and delivery of, and the performance by the Authority of the obligations contained inor described in the Preliminary Official Statement, the Official Statement and the Authority Documents and as of the date hereof, such authorizations and approvals are in full force and effect and have not been amended, modified or rescinded. When executed and delivered, the each Authority Documents Document will constitute the legally valid and binding obligations obligation of the Authority enforceable in accordance with their respective its terms, except as enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium moratorium, fraudulent conveyance or similar laws or equitable principles relating to or affecting creditors’ rights generally. The Authority has complied, and will at generally or by the Closing be exercise of judicial discretion in compliance appropriate cases or by limitations on legal remedies against public agencies in all respects, with the terms of the Authority DocumentsState.

Due Authorization and Approval. By all necessary official action of the Authority, including but not limited to the Bond Resolution, the Authority (and the District where appropriate) has duly authorized and approved the execution and delivery of, and the performance by the Authority of the obligations contained in, the Authority Bond Documents and as of the date hereof, such authorizations and approvals are in full force and effect and have not been amended, modified or rescinded. When executed and delivered, the Authority Bond Documents will constitute the legally valid and binding obligations of the Authority (and the District where appropriate) enforceable in accordance with their respective terms, except as enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws or equitable principles relating to or affecting creditors’ rights generally. The Authority (and the District where appropriate) has complied, and will at the Closing be in compliance in all respects, with the terms of the Authority DocumentsBond Documents and the Official Statement.