Common use of Issue, Sale and Other Transactions Are Legal and Authorized Clause in Contracts

Issue, Sale and Other Transactions Are Legal and Authorized. The ------------------------------------------------------------ issuance and sale of the Bonds and the execution and delivery by the Issuer of this Agreement and the Indenture, and the compliance by the Issuer with all of the provisions of each thereof and of the Bonds (i) are within the purposes, powers and authority of the Issuer, (ii) to the best of the knowledge of the Issuer, have been done in full compliance with the provisions of the Act, are legal and will not conflict with or constitute on the part of the Issuer a violation of or a breach of or default under, or result in the creation of any lien, charge or encumbrance upon any property of the Issuer (other than as contemplated by this Agreement or the Indenture) under the provisions of, any charter instrument, by-law, indenture, mortgage, deed of trust, note agreement or other agreement or instrument to which the Issuer is a party or by which the Issuer is bound, or any license, judgment, decree, law, statute, order, rule or regulation of any court or governmental agency or body having jurisdiction over the Issuer or any of its activities or properties, and (iii) have been duly authorized by all necessary corporate action on the part of the Issuer;

Issue, Sale and Other Transactions Are Legal and Authorized. The ------------------------------------------------------------ issuance ----------------------------------------------------------- issue and sale of the Series 1999A Bonds and the execution and delivery by the Issuer Board of the Third Supplemental Indenture and this Agreement and the Indenture, Amendment and the compliance by the Issuer Board with all of the provisions of each thereof and of the Series 1999A Bonds (i) are within the purposes, powers and authority of the IssuerBoard, (ii) to the best of the knowledge of the IssuerBoard, have been done in full compliance with the provisions of the Act, are legal and will not conflict with or constitute on the part of the Issuer Board a violation of or a breach of or default under, or result in the creation of any lien, charge lien or encumbrance (other than Permitted Encumbrances under the Agreement) upon any property of the Issuer (other than as contemplated by this Agreement or the Indenture) Board under the provisions of, its certificate of incorporation or Bylaws, or any charter instrument, by-law, indenture, mortgage, deed of trust, note agreement or other agreement or instrument to which the Issuer Board is a party or by which the Issuer Board is bound, or any license, judgment, decree, law, statute, order, rule or regulation of any court or governmental agency or body having jurisdiction over the Issuer Board or any of its activities or properties, and (iii) have been duly authorized by all necessary corporate action on the part of the Issuer;Board.

Issue, Sale and Other Transactions Are Legal and Authorized. The ------------------------------------------------------------ issuance ----------------------------------------------------------- issue and sale of the Series 1998A Bonds and the execution and delivery by the Issuer Board of the Second Supplemental Indenture and this Agreement and the Indenture, Amendment and the compliance by the Issuer Board with all of the provisions of each thereof and of the Series 1998A Bonds (i) are within the purposes, powers and authority of the IssuerBoard, (ii) to the best of the knowledge of the IssuerBoard, have been done in full compliance with the provisions of the Act, are legal and will not conflict with or constitute on the part of the Issuer Board a violation of or a breach of or default under, or result in the creation of any lien, charge lien or encumbrance (other than Permitted Encumbrances under the Agreement) upon any property of the Issuer (other than as contemplated by this Agreement or the Indenture) Board under the provisions of, its certificate of incorporation or Bylaws, or any charter instrument, by-law, indenture, mortgage, deed of trust, note agreement or other agreement or instrument to which the Issuer Board is a party or by which the Issuer Board is bound, or any license, judgment, decree, law, statute, order, rule or regulation of any court or governmental agency or body having jurisdiction over the Issuer Board or any of its activities or properties, and (iii) have been duly authorized by all necessary corporate action on the part of the Issuer;Board.

Issue, Sale and Other Transactions Are Legal and Authorized. The ------------------------------------------------------------ issuance ----------------------------------------------------------- issue and sale of the Series 1995A Bonds and the execution and delivery by the Issuer Board of the First -2- Supplemental Indenture and this Agreement and the Indenture, Amendment and the compliance by the Issuer Board with all of the provisions of each thereof and of the Series 1995A Bonds (i) are within the purposes, powers and authority of the IssuerBoard, (ii) to the best of the knowledge of the IssuerBoard, have been done in full compliance with the provisions of the Act, are legal and will not conflict with or constitute on the part of the Issuer Board a violation of or a breach of or default under, or result in the creation of any lien, charge lien or encumbrance (other than Permitted Encumbrances under the Agreement) upon any property of the Issuer (other than as contemplated by this Agreement or the Indenture) Board under the provisions of, its certificate of incorporation or Bylaws, or any charter instrument, by-law, indenture, mortgage, deed of trust, note agreement or other agreement or instrument to which the Issuer Board is a party or by which the Issuer Board is bound, or any license, judgment, decree, law, statute, order, rule or regulation of any court or governmental agency or body having jurisdiction over the Issuer Board or any of its activities or properties, and (iii) have been duly authorized by all necessary corporate action on the part of the Issuer;Board.

Issue, Sale and Other Transactions Are Legal and Authorized. The ------------------------------------------------------------ issuance ----------------------------------------------------------- issue and sale of the Series 1989C Bonds and the execution and delivery by the Issuer Board of the Third Supplemental Indenture and this Agreement and the Indenture, Amendment and the compliance by the Issuer Board with all of the provisions of each thereof and of the Series 1989C Bonds (i) are within the purposes, powers and authority of the IssuerBoard, (ii) to the best of the knowledge of the IssuerBoard, have been done in full compliance with the provisions of the Act, are legal and will not conflict with or constitute on the part of the Issuer Board a violation of or a breach of or default under, or result in the creation of any lien, charge lien or encumbrance (other than Permitted Encumbrances under the Agreement) upon any property of the Issuer (other than as contemplated by this Agreement or the Indenture) Board under the provisions of, its certificate of incorporation or Bylaws, or any charter instrument, by-law, indenture, mortgage, deed of trust, note agreement or other agreement or instrument to which the Issuer Board is a party or by which the Issuer Board is bound, or any license, judgment, decree, law, statute, order, rule or regulation of any court or governmental agency or body having jurisdiction over the Issuer Board or any of its activities or properties, and (iii) have been duly authorized by all necessary corporate action on the part of the Issuer;Board.

Issue, Sale and Other Transactions Are Legal and Authorized. The ------------------------------------------------------------ issuance and sale of the Bonds and the execution and delivery by the Issuer of this Loan Agreement, the Placement and Remarketing Agreement and the Indenture, and the compliance by the Issuer with all of the provisions of each thereof and of the Bonds (i) are within the purposes, powers and authority of the Issuer, (ii) to the best of the knowledge of the Issuer, have been done in full compliance with the provisions of the Act, are legal and will not conflict with or constitute on the an THE part of the Issuer a violation of or a breach of or default under, or result in the creation of any lien, charge or encumbrance upon any property of the Issuer (other than as contemplated by this Agreement or in the Indenture) under the provisions of, any charter instrumentactivating resolution, by-law, indenture, mortgage, deed of trust, note agreement or other agreement or instrument to which the Issuer is a party or by which the Issuer is bound, or to the best of Issuer's knowledge any license, judgment, decree, law, statute, order, rule or regulation of any court or governmental agency or body having jurisdiction over the Issuer or any of its activities or properties, and (iii) have been duly authorized by all necessary corporate action on the part of the Issuer;.

Issue, Sale and Other Transactions Are Legal and Authorized. The ------------------------------------------------------------ issuance ----------------------------------------------------------- issue and sale of or the Series 1989A Bonds and the execution and delivery by the Issuer Board of the Supplemental Indenture and this Agreement and the Indenture, Amendment and the compliance by the Issuer Board with all of the provisions of each thereof and of the Series 1989A Bonds (i) are within the purposes, powers and authority of the IssuerBoard, (ii) to the best of the knowledge of the IssuerBoard, have been done in full compliance with the provisions of the Act, are legal and will not conflict with or constitute on the part of the Issuer Board a violation of or a breach of or default under, or result in the creation of any lien, charge lien or encumbrance (other than Permitted Encumbrances under the Agreement) upon any property of the Issuer (other than as contemplated by this Agreement or the Indenture) Board under the provisions of, its certificate of incorporation or Bylaws, or any charter instrument, by-law, indenture, mortgage, deed of trust, note agreement or other agreement or instrument to which the Issuer Board is a party or by which the Issuer Board is bound, or any license, judgment, decree, law, statute, order, rule or regulation of any court or governmental agency or body having jurisdiction over the Issuer Board or any of its activities or properties, and (iii) have been duly authorized by all necessary corporate action on the part of the Issuer;Board.

Issue, Sale and Other Transactions Are Legal and Authorized. The ------------------------------------------------------------ ----------------------------------------------------------- issuance and sale of the Bonds and the execution and delivery by the Issuer of this Agreement and the Indenture, and the compliance by the Issuer with all of the provisions of each thereof and of the Bonds (i) are within the purposes, powers and authority of the Issuer, (ii) to the best of the knowledge of the Issuer, have been done in full compliance with the provisions of the Act, are legal and will not conflict with or constitute on the part of the Issuer a violation of or a breach of or default under, or result in the creation of any lien, charge or encumbrance upon any property of the Issuer (other than as contemplated by this Agreement or the Indenture) under the provisions of, any charter instrument, by-law, indenture, mortgage, deed of trust, note agreement or other agreement or instrument to which the Issuer is a party or by which the Issuer is bound, or any license, judgment, decree, law, statute, order, rule or regulation of any court or governmental agency or body having jurisdiction over the Issuer or any of its activities or properties, and (iii) have been duly authorized by all necessary corporate action on the part of the Issuer;

Issue, Sale and Other Transactions Are Legal and Authorized. The ------------------------------------------------------------ ----------------------------------------------------------- issuance and sale of the Series 1998A Bonds and the execution and delivery by the Issuer of this Agreement and the IndentureSeries 0000X Xxxxxxxxx, and the compliance by the Issuer with all of the provisions of each thereof and of the Series 1998A Bonds (i) are within the purposes, powers and authority of the Issuer, (ii) to the best of the knowledge of the Issuer, have been done in full compliance with the provisions of the Act, are legal and will not conflict with or constitute on the part of the Issuer a violation of or a breach of or default under, or result in the creation of any lien, charge or encumbrance upon any property of the Issuer (other than as contemplated by this Agreement or the IndentureSeries 0000X Xxxxxxxxx) under the provisions of, any charter instrument, by-law, indenture, mortgage, deed of trust, note agreement or other agreement or instrument to which the Issuer is a party or by which the Issuer is bound, or any license, judgment, decree, law, statute, order, rule or regulation of any court or governmental agency or body having jurisdiction over the Issuer or any of its activities or properties, and (iii) have been duly authorized by all necessary corporate action on the part of the Issuer;

Issue, Sale and Other Transactions Are Legal and Authorized. The ------------------------------------------------------------ issuance and sale of the Bonds and the execution and delivery by the Issuer of this Loan Agreement, the Placement and Remarketing Agreement and the Indenture, and the compliance by the Issuer with all of the provisions of each thereof and of the Bonds (i) are within the purposes, powers and authority of the Issuer, (ii) to the best of the knowledge of the Issuer, have been done in full compliance with the provisions of the Act, are legal and will not conflict with or constitute on the part of the Issuer a violation of or a breach of or default under, or result in the me creation of any lien, charge or encumbrance upon any property of the Issuer (other than as contemplated by this Agreement or in the Indenture) under the provisions of, any charter instrumentactivating resolution, by-law, indenture, mortgage, deed of trust, note agreement or other agreement or instrument to which the Issuer is a party or by which the Issuer is bound, or to the best of Issuer's knowledge any license, judgment, decree, law, statute, order, rule or regulation of any court or governmental agency or body having jurisdiction over the Issuer or any of its activities or properties, and (iii) have been duly authorized by all necessary corporate action on the part of the Issuer;.

Issue, Sale and Other Transactions Are Legal and Authorized. The ------------------------------------------------------------ issuance ----------------------------------------------------------- issue and sale of the Series 1989B Bonds and the execution and delivery by the Issuer Board of the Second Supplemental Indenture and this Agreement and the Indenture, Amendment and the compliance by the Issuer Board with all of the provisions of each thereof and of the Series 1989B Bonds (i) are within the purposes, powers and authority of the IssuerBoard, (ii) to the best of the knowledge of the IssuerBoard, have been done in full compliance with the provisions of the Act, are legal and will not conflict with or constitute on the part of the Issuer Board a violation of or a breach of or default under, or result in the creation of any lien, charge lien or encumbrance (other than Permitted Encumbrances under the Agreement) upon any property of the Issuer (other than as contemplated by this Agreement or the Indenture) Board under the provisions of, its certificate of incorporation or Bylaws, or any charter instrument, by-law, indenture, mortgage, deed of trust, note agreement or other agreement or instrument to which the Issuer Board is a party or by which the Issuer Board is bound, or any license, judgment, decree, law, statute, order, rule or regulation of any court or governmental agency or body having jurisdiction over the Issuer Board or any of its activities or properties, and (iii) have been duly authorized by all necessary corporate action on the part of the Issuer;Board.

Issue, Sale and Other Transactions Are Legal and Authorized. The ------------------------------------------------------------ issuance issue and sale of the Series 1989D Bonds and the execution and delivery by the Issuer Board of the Fourth Supplemental Indenture and this Agreement and the Indenture, Amendment and the compliance by the Issuer Board with all of the provisions of each thereof and of the Series 1989D Bonds (i) are within the purposes, powers and authority of the IssuerBoard, (ii) to the best of the knowledge of the IssuerBoard, have been done in full compliance with the provisions of the Act, are legal and will not conflict with or constitute on the part of the Issuer Board a violation of or a breach of or default under, or result in the creation of any lien, charge lien or encumbrance (other than Permitted Encumbrances under the Agreement) upon any property of the Issuer (other than as contemplated by this Agreement or the Indenture) Board under the provisions of, its certificate of incorporation or Bylaws, or any charter instrument, by-law, indenture, mortgage, deed of trust, note agreement or other agreement or instrument to which the Issuer Board is a party or by which the Issuer Board is bound, or any license, judgment, decree, law, statute, order, rule or regulation of any court or governmental agency or body having jurisdiction over the Issuer Board or any of its activities or properties, and (iii) have been duly authorized by all necessary corporate action on the part of the Issuer;Board.