Common use of Observance of Laws and Regulations Clause in Contracts

Observance of Laws and Regulations. The Board will well and truly keep, observe and perform all valid and lawful obligations or regulations now or hereafter imposed on it by contract, or prescribed by any law of the United States, or of the State, or by any officer, board or commission having jurisdiction or control, as a condition of the continued enjoyment of any and every right, privilege or franchise now owned or hereafter acquired by the Board, including its right to exist as a body corporate under the laws of the State, to the end that such rights, privileges and franchises shall be maintained and preserved, and shall not become abandoned, forfeited or in any manner impaired.

Appears in 3 contracts

Samples: Acquisition Agreement, Acquisition Agreement, Installment Purchase Contract

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Observance of Laws and Regulations. The Board will Lessee shall well and truly keep, observe and perform all valid and lawful obligations or regulations now or hereafter imposed on it by contract, contract or prescribed by any law of the United States, or of the State, State or by any officer, board or commission having jurisdiction or control, as a condition of the continued enjoyment of any and every right, privilege or franchise now owned or hereafter acquired by the BoardLessee, including its right to exist as a body corporate under pursuant to the laws of the State, to the end that such rights, privileges and franchises shall be maintained and preserved, preserved and shall not become abandoned, forfeited or in any manner impaired.

Appears in 2 contracts

Samples: Trust Agreement, Trust Agreement

Observance of Laws and Regulations. The Board Lessee will well and truly keep, observe and perform all valid and lawful obligations or regulations now or hereafter imposed on it by contract, or prescribed by any law of the United States, or of the State, State or by any officer, board or commission having jurisdiction or control, as a condition of the continued enjoyment of any and every right, privilege or franchise now owned or hereafter acquired by the Boardit, including its right to exist and carry on business as a body corporate under community college district or similar entity, as the laws of the Statecase may be, to the end that such rights, privileges and franchises shall be maintained and preserved, and shall not become abandoned, forfeited or in any manner impaired.

Appears in 1 contract

Samples: Lease Agreement

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Observance of Laws and Regulations. The Board District will well and truly keep, observe and perform all valid and lawful obligations or regulations now or hereafter imposed on it by contract, or prescribed by any law of the United StatesStates of America, or of the State, or by any officer, board or commission having jurisdiction or control, as a condition of the continued enjoyment of any and every right, privilege or franchise now owned or hereafter acquired by the BoardDistrict, including its right to exist and carry on business as a body corporate under the laws of the Statecommunity college district, to the end that such rights, privileges and franchises shall be maintained and preserved, and shall not become abandoned, forfeited or in any manner impaired.

Appears in 1 contract

Samples: Trust Agreement

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