Common use of Due Organization and Existence Clause in Contracts

Due Organization and Existence. The City is a municipal corporation and charter city, duly organized and existing under and by virtue of the Constitution and laws of the State, with the power and authority to own, lease and acquire real and personal property and equipment. To the extent permitted by law, the City agrees that during the term hereof it will maintain its existence as a charter city, will not dissolve or otherwise dispose of all or substantially all of its assets and will not combine or consolidate with or merge into any other entity or permit one or more other entities to consolidate with or merge into it.

Due Organization and Existence. The City is a municipal corporation and charter citycorporation, duly organized and existing under and by virtue of the Constitution and laws of the State, with the power and authority to own, lease and acquire real and personal property and equipment. To the extent permitted by law, the City agrees that during the term hereof it will maintain its existence as a charter city, will not dissolve or otherwise dispose of all or substantially all of its assets and will not combine or consolidate with or merge into any other entity or permit one or more other entities to consolidate with or merge into it.

Due Organization and Existence. The City is a municipal corporation and charter city, duly general law city organized and existing under and by virtue of its charter and the Constitution and laws of the State, with the has full legal right, power and authority under the laws of the State to ownenter into the Site and Facility Lease and this Lease Agreement and to carry out and consummate all transactions contem- plated hereby and thereby, lease and acquire real and personal property and equipment. To the extent permitted by law, proper action the City agrees that during has duly authorized the term hereof it will maintain its existence as a charter city, will not dissolve or otherwise dispose execution and delivery of all or substantially all of its assets the Site and will not combine or consolidate with or merge into any other entity or permit one or more other entities to consolidate with or merge into itFacility Lease and this Lease Agreement.