Common use of Due Organization and Existence Clause in Contracts

Due Organization and Existence. The Authority is a joint exercise of powers authority organized and existing under the laws of the State of California, and has power to enter into this Agreement and the Indenture and to perform the duties and obligations imposed on it hereunder and thereunder. The Board of the Authority has duly authorized the execution and delivery of this Agreement and the Indenture.

Appears in 4 contracts

Samples: Installment Sale Agreement, Installment Sale Agreement, Installment Sale Agreement

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Due Organization and Existence. The Authority is a joint exercise of powers authority duly organized and validly existing under the JPA Agreement and the laws of the State of California, has full legal right, power and has power authority under the laws of the State of California to enter into this Operating Agreement and the Indenture to carry out and to perform the duties consummate all transactions contemplated hereby, and obligations imposed on it hereunder and thereunder. The Board of by proper action the Authority has duly authorized the execution and delivery of this Agreement and the IndentureOperating Agreement.

Appears in 3 contracts

Samples: Project Operating Agreement, Project Operating Agreement, Project Operating Agreement

Due Organization and Existence. The Authority is a joint exercise of powers authority public body corporate and politic duly organized and existing under the Bond Law and under the laws of the State of California, and ; has power to enter into this Lease, the Site Lease, the Assignment Agreement and the Indenture Indenture; is possessed of full power to own and hold, improve and equip real and personal property, and to perform lease the duties same; and obligations imposed on it hereunder and thereunder. The Board of the Authority has duly authorized the execution and delivery of this Agreement each of the aforesaid agreements and such agreements constitute the Indenturelegal, valid and binding obligations of the Authority, enforceable against the Authority in accordance with their respective terms.

Appears in 3 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

Due Organization and Existence. The Authority is a joint exercise of powers authority entity duly organized and existing under the laws of the State of California, has full legal right, power and has power authority to enter into the Site Lease, this Lease and the Assignment Agreement and the Indenture to carry out and to perform the duties consummate all transactions contemplated hereby and obligations imposed on it hereunder thereby, and thereunder. The Board of by proper action the Authority has duly authorized the execution and delivery of the Site Lease, this Agreement Lease and the IndentureAssignment Agreement.

Appears in 1 contract

Samples: Lease/Purchase Agreement

Due Organization and Existence. The Authority is a joint exercise of powers authority entity duly organized and existing under the laws of the State of California, has full legal right, power and has power authority to enter into the Site Lease, the Lease and this Agreement and the Indenture Assignment and to perform the duties carry out and obligations imposed on it hereunder consummate all transactions contemplated hereby and thereunder. The Board of thereby, and by proper action the Authority has duly authorized the execution and delivery of the Site Lease, the Lease and this Agreement and the IndentureAssignment.

Appears in 1 contract

Samples: Assignment Agreement

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Due Organization and Existence. The Authority is a joint exercise of powers authority organized duly organized, existing and existing in good standing under and by virtue of the laws of the State of California, and ; has power to enter into this Agreement and the Indenture and to perform carry out its obligations under this Agreement and the duties and obligations imposed on it hereunder and thereunder. The Board Indenture; is possessed of full power to undertake the financing of the Authority Project through the issuance of the Bonds; and has duly authorized the execution and delivery of this Agreement and all of the Indentureaforesaid agreements.

Appears in 1 contract

Samples: Financing Agreement

Due Organization and Existence. The Authority is a joint exercise of powers authority duly organized and validly existing under the Agreement and the laws of the State of California, has full legal right, power and has power authority under the laws of the State of California to enter into this Restated Agreement and the Indenture to carry out and to perform the duties consummate all transactions contemplated hereby, and obligations imposed on it hereunder and thereunder. The Board of by proper action the Authority has duly authorized the execution and delivery of this Agreement and the IndentureRestated Agreement.

Appears in 1 contract

Samples: Project Operating Agreement

Due Organization and Existence. The Authority is a joint exercise of powers authority duly organized and existing under the laws of the State of California, and has power to enter into this Agreement and the Indenture and to perform the duties and obligations imposed on it hereunder and thereunder. The Board of the Authority has duly authorized the execution and delivery of this Agreement and the Indenture.

Appears in 1 contract

Samples: Loan Agreement

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