Common use of Necessary Actions Taken Clause in Contracts

Necessary Actions Taken. The City has taken all actions necessary to be taken by it (i) for the issuance and sale of the Covered Notes upon the terms set forth in the Program Documents, (ii) for the execution, adoption and delivery by the City of any and all such other instruments and the taking of all such other actions on the part of the City as may be necessary or appropriate for the effectuation and consummation of the transactions on the part of the City contemplated by the Program Documents or in connection herewith or therewith and (iii) to authorize or approve, as appropriate, the execution or adoption, issuance and delivery of, and the performance of its obligations under and the transactions contemplated by, each of the Program Documents to which it is a party and the payment of the Payment Obligations and the Bank Note at the times and in the manner set forth.

Necessary Actions Taken. The City has taken all actions necessary to be taken by it (i) for the issuance and sale of the Covered Notes upon the terms set forth in the Program Documents, (ii) for the execution, adoption and delivery by the City of any and all such other instruments and the taking of all such other actions on the part of the City as may be necessary or appropriate for the effectuation and consummation of the transactions on the part of the City contemplated by the Program Documents or in connection herewith or therewith and (iii) to authorize or approve, as appropriate, the execution or adoption, issuance and delivery of, and the performance of its obligations under and the transactions contemplated by, each of the Program Documents to which it is a party and the payment of the Payment Obligations and the Bank Note at the times and in the manner set forthforth herein.