Common use of Representations and Covenants by the Issuer Clause in Contracts

Representations and Covenants by the Issuer. The Issuer makes the following representations and covenants as the basis for the undertakings on its part herein contained: (a) It is a municipal corporation incorporated as a city of the first class, duly organized under the constitution and laws of the State. Under the provisions of the Act and the Ordinance, the Issuer has the power to enter into and perform the transactions contemplated by this Lease and the Indenture and to carry out its obligations hereunder or thereunder. (b) It has not, in whole or in part, assigned, leased, hypothecated or otherwise created any other interest in, or disposed of, or caused or permitted any lien, claim or encumbrance to be placed against the Project, except for this Lease, any Permitted Encumbrances, any Impositions and the pledge of the Project pursuant to the Indenture. (c) Except as otherwise provided herein or in the Indenture, it will not during the Term, in whole or in part, assign, lease, hypothecate or otherwise create any other interest in, or dispose of, or cause or permit any lien, claim or encumbrance (other than Permitted Encumbrances) to be placed against, the Project, except this Lease, any Impositions and the pledge of the Project pursuant to the Indenture. (d) It has duly authorized the execution and delivery of this Lease and the Indenture and the issuance, execution and delivery of the Series 2023 Bonds. (e) It has obtained the consent to and/or approval of the issuance of the Series 2023 Bonds by each municipal corporation and political subdivision the consent or approval of which is required by the provisions of the Act. (f) This Lease constitutes a legal, valid and binding obligation of the Issuer enforceable in accordance with its terms.

Representations and Covenants by the Issuer. The Issuer makes the following representations and covenants as the basis for the undertakings on its part herein contained: (a) It is a municipal corporation incorporated as a city of the first class, duly organized under the constitution and laws of the State. Under the provisions of the Act and the Ordinance, the Issuer has the power to enter into and perform the transactions contemplated by this Lease and the Indenture and to carry out its obligations hereunder or thereunder. (b) It has not, in whole or in part, assigned, leased, hypothecated or otherwise created any other interest in, or disposed of, or caused or permitted any lien, claim or encumbrance to be placed against the Project, except for this Lease, any Permitted Encumbrances, any Impositions and the pledge of the Project pursuant to the Indenture. (c) Except as otherwise provided herein or in the Indenture, it will not during the Term, in whole or in part, assign, lease, hypothecate or otherwise create any other interest in, or dispose of, or cause or permit any lien, claim or encumbrance (other than Permitted Encumbrances) to be placed against, the Project, except this Lease, any Impositions and the pledge of the Project pursuant to the Indenture. (d) It has duly authorized the execution and delivery of this Lease and the Indenture and the issuance, execution and delivery of the Series 2023 2020 Bonds. (e) It has obtained the consent to and/or approval of the issuance of the Series 2023 2020 Bonds by each municipal corporation and political subdivision the consent or approval of which is required by the provisions of the Act. (f) This Lease constitutes a legal, valid and binding obligation of the Issuer enforceable in accordance with its terms.

Representations and Covenants by the Issuer. The Issuer makes the following representations and covenants as the basis for the undertakings on its part herein contained: (a) It is a municipal corporation incorporated as a city of the first class, duly organized under the constitution and laws of the State. Under the provisions of the Act and the Ordinance, the Issuer has the power to enter into and perform the transactions contemplated by this Lease and the Indenture and to carry out its obligations hereunder or thereunder. (b) It has not, in whole or in part, assigned, leased, hypothecated or otherwise created any other interest in, or disposed of, or caused or permitted any lien, claim or encumbrance to be placed against the Project, except for this Lease, any Permitted Encumbrances, any Impositions and the pledge of the Project pursuant to the Indenture. (c) Except as otherwise provided herein or in the Indenture, it will not during the Term, in whole or in part, assign, lease, hypothecate or otherwise create any other interest in, or dispose of, or cause or permit any lien, claim or encumbrance (other than Permitted Encumbrances) to be placed against, the Project, except this Lease, any Impositions and the pledge of the Project pursuant to the Indenture. (d) It has duly authorized the execution and delivery of this Lease and the Indenture and the issuance, execution and delivery of the Series 2023 2024 Bonds. (e) It has obtained the consent to and/or approval of the issuance of the Series 2023 2024 Bonds by each municipal corporation and political subdivision the consent or approval of which is required by the provisions of the Act. (f) This Lease constitutes a legal, valid and binding obligation of the Issuer enforceable in accordance with its terms.

Representations and Covenants by the Issuer. The Issuer makes represents, covenants and warrants, to the following representations best of its knowledge and covenants belief, as the basis for the undertakings on its part herein containedfollows: (a) It is a municipal corporation duly incorporated and existing as a city of the first class, duly organized second class under the constitution and laws of the State. Under the provisions of the Act and the Ordinance, the Issuer has the power to enter into and perform the transactions contemplated by this Project Lease and the Indenture Bond Agreement and to carry out its obligations hereunder or and thereunder. (b) It has not, in whole or in part, assigned, leased, hypothecated or otherwise created any other interest in, or disposed of, or caused or permitted any lien, claim or encumbrance to be placed against against, the Project, except for this Project Lease, the assignment of this Project Lease to the Bank as the Issuer's fiscal and paying agent, any Permitted Encumbrances, any Impositions Impositions, and the pledge of the Project pursuant to the IndentureOrdinance and the Bond Agreement. (c) Except as otherwise provided herein or in the IndentureBond Agreement, it will not during the Term, in whole or in part, assign, lease, hypothecate or otherwise create any other interest in, or dispose of, or cause or permit any lien, claim or encumbrance (other than Permitted Encumbrances) to be placed against, the Project, except Permitted Encumbrances, this Project Lease, any Impositions and the pledge of the Project pursuant to the IndentureOrdinance and the Bond Agreement. (d) It has pledged the Project and the net rentals therefrom generated under this Project Lease to payment of the Bonds in the manner prescribed by the Act, and has duly authorized the execution and delivery of this Project Lease and the Indenture Bond Agreement and the issuance, execution sale and delivery of the Series 2023 Bonds. (e) It has notified or obtained the consent to and/or approval of the issuance of the Series 2023 Bonds by each municipal corporation and political subdivision the notification, consent or approval of which is required by the provisions of the Act. (f) This Lease constitutes a legal, valid and binding obligation of the Issuer enforceable in accordance with its terms.

Representations and Covenants by the Issuer. The Issuer makes the following representations and covenants as the basis for the undertakings on its part herein contained: (a) It is a municipal corporation incorporated as a city of the first class, duly organized under the constitution and laws of the State. Under the provisions of the Act and the Ordinance, the Issuer has the power to enter into and perform the transactions contemplated by this Lease and the Indenture and to carry out its obligations hereunder or thereunder. (b) It has not, in whole or in part, assigned, leased, hypothecated or otherwise created any other interest in, or disposed of, or caused or permitted any lien, claim or encumbrance to be placed against the Project, except for this Lease, any Permitted Encumbrances, any Impositions and the pledge of the Project pursuant to the Indenture. (c) Except as otherwise provided herein or in the Indenture, it will not during the Term, in whole or in part, assign, lease, hypothecate or otherwise create any other interest in, or dispose of, or cause or permit any lien, claim or encumbrance (other than Permitted Encumbrances) to be placed against, the Project, except this Lease, any Impositions and the pledge of the Project pursuant to the Indenture. (d) It has duly authorized the execution and delivery of this Lease and the Indenture and the issuance, execution and delivery of the Series 2023 2021 Bonds. (e) It has obtained the consent to and/or approval of the issuance of the Series 2023 2021 Bonds by each municipal corporation and political subdivision the consent or approval of which is required by the provisions of the Act. (f) This Lease constitutes a legal, valid and binding obligation of the Issuer enforceable in accordance with its terms.

Representations and Covenants by the Issuer. The Issuer makes the following representations and covenants as the basis for the undertakings on its part herein contained: (a) It is a municipal corporation duly incorporated and existing as a city of the first class, duly organized second class under the constitution and laws of the State. Under the provisions of the Act and the Ordinance, the Issuer has the power to enter into and perform the transactions contemplated by this Lease and the Indenture and to carry out its obligations hereunder or and thereunder. (b) It has not, in whole or in part, assigned, leased, hypothecated or otherwise created any other interest in, or disposed of, or caused or permitted any lien, claim or encumbrance to be placed against against, the ProjectLeased Property, except for this Lease, the assignment of this Lease to the Trustee, any Permitted Encumbrances, any Impositions Impositions, and the pledge of the Project Leased Property pursuant to the Indenture. (c) Except as otherwise provided herein or in the Indenture, it will not during the Term, in whole or in part, assign, lease, hypothecate or otherwise create any other interest in, or dispose of, or cause or permit any lien, claim or encumbrance (other than Permitted Encumbrances) to be placed against, the ProjectLeased Property, except Permitted Encumbrances, this Lease, any Impositions and the pledge of the Project Leased Property pursuant to the Indenture. (d) It has pledged the Leased Property and the net rentals therefrom generated under the Lease to payment of the Bonds in the manner prescribed by the Act, and has duly authorized the execution and delivery of this Lease and the Indenture and the issuance, execution sale and delivery of the Series 2023 2006 Bonds. (e) It has obtained the consent to and/or approval of the issuance of the Series 2023 Bonds by each municipal corporation and political subdivision the consent or approval of which is required by the provisions of the Act. (f) This Lease constitutes a legal, valid and binding obligation of the Issuer enforceable in accordance with its terms.

Representations and Covenants by the Issuer. The Issuer makes the following representations and covenants as the basis for the undertakings on its part herein contained: (a) It is a municipal corporation incorporated as a city of the first second class, duly organized under the constitution and laws of the State. Under the provisions of the Act and the Ordinance, the Issuer has the power to enter into and perform the transactions contemplated by this Lease and the Indenture and to carry out its obligations hereunder or thereunder. (b) It has not, in whole or in part, assigned, leased, hypothecated or otherwise created any other interest in, or disposed of, or caused or permitted any lien, claim or encumbrance to be placed against the Project, except for this Lease, any Permitted Encumbrances, any Impositions and the pledge of the Project pursuant to the Indenture. (c) Except as otherwise provided herein or in the Indenture, it will not during the Term, in whole or in part, assign, lease, hypothecate or otherwise create any other interest in, or dispose of, or cause or permit any lien, claim or encumbrance (other than Permitted Encumbrances) to be placed against, the Project, except this Lease, any Impositions and the pledge of the Project pursuant to the Indenture. (d) It has duly authorized the execution and delivery of this Lease and the Indenture and the issuance, execution and delivery of the Series 2023 2019 Bonds. (e) It has obtained the consent to and/or approval of the issuance of the Series 2023 2019 Bonds by each municipal corporation and political subdivision the consent or approval of which is required by the provisions of the Act. (f) This Lease constitutes a legal, valid and binding obligation of the Issuer enforceable in accordance with its terms.

Representations and Covenants by the Issuer. The Issuer makes the following representations and covenants as the basis for the undertakings on its part herein contained: (a) It is a municipal corporation incorporated as a city of the first class, duly organized under the constitution and laws of the State. Under the provisions of the Act and the Ordinance, the Issuer has the power to enter into and perform the transactions contemplated by this the Lease and the Indenture and to carry out its obligations hereunder or thereunder. (b) It has not, in whole or in part, assigned, leased, hypothecated or otherwise created any other interest in, or disposed of, or caused or permitted any lien, claim or encumbrance to be placed against the Project, except for this Lease, any Permitted Encumbrances, any Impositions and the pledge of the Project pursuant to the Indenture. (c) Except as otherwise provided herein or in the Indenture, it will not during the Term, in whole or in part, assign, lease, hypothecate or otherwise create any other interest in, or dispose of, or cause or permit any lien, claim or encumbrance (other than Permitted Encumbrances) to be placed against, the Project, except this Lease, any Impositions and the pledge of the Project pursuant to the Indenture. (d) It has duly authorized the execution and delivery of this Lease and the Indenture and the issuance, execution and delivery of the Series 2023 2013 Bonds. (e) It has obtained the consent to and/or approval of the issuance of the Series 2023 2013 Bonds by each municipal corporation and political subdivision the consent or approval of which is required by the provisions of the Act. (f) This Lease constitutes a legal, valid and binding obligation of the Issuer enforceable in accordance with its terms.

Representations and Covenants by the Issuer. The Issuer makes represents, covenants and warrants, to the following representations best of its knowledge and covenants belief, as the basis for the undertakings on its part herein containedfollows: (a) It is a municipal corporation incorporated as a city of the first class, political subdivision duly organized and existing under the constitution and laws of the State. Under the provisions of the Act and the OrdinanceResolution, the Issuer has the power to enter into and perform the transactions contemplated by this Project Lease and the Indenture Bond Agreement and to carry out its obligations hereunder or and thereunder. (b) It has not, in whole or in part, assigned, leased, hypothecated or otherwise created any other interest in, or disposed of, or caused or permitted any lien, claim or encumbrance to be placed against against, the Project, except for this Project Lease, the assignment of this Project Lease to the Bank as the Issuer's fiscal and paying agent, any Permitted Encumbrances, any Impositions Impositions, and the pledge of the Project pursuant to the IndentureResolution and the Bond Agreement. (c) Except as otherwise provided herein or in the IndentureBond Agreement, it will not during the Term, in whole or in part, assign, lease, hypothecate or otherwise create any other interest in, or dispose of, or cause or permit any lien, claim or encumbrance (other than Permitted Encumbrances) to be placed against, the Project, except Permitted Encumbrances, this Project Lease, any Impositions and the pledge of the Project pursuant to the IndentureResolution and the Bond Agreement. (d) It has pledged the Project and the net rentals therefrom generated under this Project Lease to payment of the Bonds in the manner prescribed by the Act, and has duly authorized the execution and delivery of this Project Lease and the Indenture Bond Agreement and the issuance, execution sale and delivery of the Series 2023 Bonds. (e) It has notified or obtained the consent to and/or approval of the issuance of the Series 2023 Bonds by each municipal corporation and political subdivision subdivision, the notification, consent or approval of which is required by the provisions of the Act. (f) This Lease constitutes a legal, valid and binding obligation of the Issuer enforceable in accordance with its terms.

Representations and Covenants by the Issuer. The Issuer makes the following representations and covenants as the basis for the undertakings on its part herein contained: (a) It is a municipal corporation incorporated as a city of the first class, duly organized under the constitution and laws of the State. Under the provisions of the Act and the Ordinance, the Issuer has the power to enter into and perform the transactions contemplated by this Lease and the Indenture and to carry out its obligations hereunder or thereunder. (b) It has not, in whole or in part, assigned, leased, hypothecated or otherwise created any other interest in, or disposed of, or caused or permitted any lien, claim or encumbrance to be placed against the Project, except for this Lease, any Permitted Encumbrances, any Impositions and the pledge of the Project pursuant to the Indenture. (c) Except as otherwise provided herein or in the Indenture, it will not during the Term, in whole or in part, assign, lease, hypothecate or otherwise create any other interest in, or dispose of, or cause or permit any lien, claim or encumbrance (other than Permitted Encumbrances) to be placed against, the Project, except this Lease, any Impositions and the pledge of the Project pursuant to the Indenture. (d) It has duly authorized the execution and delivery of this Lease and the Indenture and the issuance, execution and delivery of the Series 2023 2022 Bonds. (e) It has obtained the consent to and/or approval of the issuance of the Series 2023 2022 Bonds by each municipal corporation and political subdivision the consent or approval of which is required by the provisions of the Act. (f) This Lease constitutes a legal, valid and binding obligation of the Issuer enforceable in accordance with its terms.

Representations and Covenants by the Issuer. The Issuer makes represents, covenants and warrants, to the following representations best of its knowledge and covenants belief, as the basis for the undertakings on its part herein containedfollows: (a) It is a municipal corporation duly incorporated and existing as a city of the first class, duly organized second class under the constitution and laws of the State. Under the provisions of the Act and the Ordinance, the Issuer has the power to enter into and perform the transactions contemplated by this Project Lease and the Indenture and to carry out its obligations hereunder or and thereunder. (b) It has not, in whole or in part, assigned, leased, hypothecated or otherwise created any other interest in, or disposed of, or caused or permitted any lien, claim or encumbrance to be placed against against, the Project, except for this Project Lease, the assignment of this Project Lease to the Trustee, any Permitted Encumbrances, any Impositions Impositions, and the pledge of the Project pursuant to the Indenture. (c) Except as otherwise provided herein or in the Indenture, it will not during the Term, in whole or in part, assign, lease, hypothecate or otherwise create any other interest in, or dispose of, or cause or permit any lien, claim or encumbrance (other than Permitted Encumbrances) to be placed against, the Project, except Permitted Encumbrances, this Project Lease, any Impositions and the pledge of the Project pursuant to the Indenture. (d) It has pledged the Project and the net rentals therefrom generated under this Project Lease to payment of the Bonds in the manner prescribed by the Act, and has duly authorized the execution and delivery of this Project Lease and the Indenture and the issuance, execution sale and delivery of the Series 2023 Bonds. (e) It has notified or obtained the consent to and/or approval of the issuance of the Series 2023 Bonds by each municipal corporation and political subdivision subdivision, the notification, consent or approval of which is required by the provisions of the Act. (f) This Lease constitutes a legal, valid and binding obligation of the Issuer enforceable in accordance with its terms.

Representations and Covenants by the Issuer. The Issuer makes the following representations and covenants as the basis for the undertakings on its part herein contained: (a) It is a municipal corporation incorporated as a city of the first second class, duly organized under the constitution and laws of the State. Under the provisions of the Act and the Ordinance, the Issuer has the power to enter into and perform the transactions contemplated by this the Lease and the Indenture and to carry out its obligations hereunder or thereunder. (b) It has not, in whole or in part, assigned, leased, hypothecated or otherwise created any other interest in, or disposed of, or caused or permitted any lien, claim or encumbrance to be placed against the Project, except for this Lease, any Permitted Encumbrances, any Impositions and the pledge of the Project pursuant to the Indenture. (c) Except as otherwise provided herein or in the Indenture, it will not during the Term, in whole or in part, assign, lease, hypothecate or otherwise create any other interest in, or dispose of, or cause or permit any lien, claim or encumbrance (other than Permitted Encumbrances) to be placed against, the Project, except this Lease, any Impositions and the pledge of the Project pursuant to the Indenture. (d) It has duly authorized the execution and delivery of this Lease and the Indenture and the issuance, execution and delivery of the Series 2023 2019 Bonds. (e) It has obtained the consent to and/or approval of the issuance of the Series 2023 2019 Bonds by each municipal corporation and political subdivision the consent or approval of which is required by the provisions of the Act. (f) This Lease constitutes a legal, valid and binding obligation of the Issuer enforceable in accordance with its terms.

Representations and Covenants by the Issuer. The Issuer makes the following representations and covenants as the basis for the undertakings on its part herein contained: (a) It is a municipal corporation incorporated as a city of the first class, duly organized under the constitution and laws of the State. Under the provisions of the Act and the Ordinance, the Issuer has the power to enter into and perform the transactions contemplated by this Lease and the Indenture and to carry out its obligations hereunder or thereunder. (b) It has not, in whole or in part, assigned, leased, hypothecated or otherwise created any other interest in, or disposed of, or caused or permitted any lien, claim or encumbrance to be placed against the Project, except for this Lease, any Permitted Encumbrances, any Impositions and the pledge of the Project pursuant to the Indenture. (c) Except as otherwise provided herein or in the Indenture, it will not during the Term, in whole or in part, assign, lease, hypothecate or otherwise create any other interest in, or dispose of, or cause or permit any lien, claim or encumbrance (other than Permitted Encumbrances) to be placed against, the Project, except this Lease, any Impositions and the pledge of the Project pursuant to the Indenture. (d) It has duly authorized the execution and delivery of this Lease and the Indenture and the issuance, execution and delivery of the Series 2023 each series of Bonds. (e) It has obtained the consent to and/or approval of the issuance of the Series 2023 each series of Bonds by each municipal corporation and political subdivision the consent or approval of which is required by the provisions of the Act. (f) This Lease constitutes a legal, valid and binding obligation of the Issuer enforceable in accordance with its terms.

Representations and Covenants by the Issuer. The Issuer makes represents, covenants and warrants, to the following representations best of its knowledge and covenants belief, as the basis for the undertakings on its part herein containedfollows: (a) It is a municipal corporation duly incorporated and existing as a city of the first class, duly organized second class under the constitution and laws of the State. Under the provisions of the Act and the Ordinance, the Issuer has the power to enter into and perform the transactions contemplated by this Project Lease and the Indenture Bond Agreement and to carry out its obligations hereunder or and thereunder. (b) It has not, in whole or in part, assigned, leased, hypothecated or otherwise created any other interest in, or disposed of, or caused or permitted any lien, claim or encumbrance to be placed against against, the Project, except for this Project Lease, the assignment of this Project Lease to the Bank as the Issuer's fiscal and paying agent, any Permitted Encumbrances, any Impositions and Impositions, the pledge of the Project pursuant to the IndentureOrdinance and the Bond Agreement. (c) Except as otherwise provided herein or in the IndentureBond Agreement, it will not during the Term, in whole or in part, assign, lease, hypothecate or otherwise create any other interest in, or dispose of, or cause or permit any lien, claim or encumbrance (other than Permitted Encumbrances) to be placed against, the Project, except Permitted Encumbrances, this Project Lease, any Impositions and the pledge of the Project pursuant to the IndentureOrdinance and the Bond Agreement. (d) It has pledged the Project and the net rentals therefrom generated under this Project Lease to payment of the Bonds in the manner prescribed by the Act, and has duly authorized the execution and delivery of this Project Lease and the Indenture Bond Agreement and the issuance, execution sale and delivery of the Series 2023 Bonds. (e) It has notified or obtained the consent to and/or approval of the issuance of the Series 2023 Bonds by each municipal corporation and political subdivision the notification, consent or approval of which is required by the provisions of the Act. (f) This Lease constitutes a legal, valid and binding obligation of the Issuer enforceable in accordance with its terms.

Representations and Covenants by the Issuer. The Issuer makes the following representations and covenants as the basis for the undertakings on its part herein contained: (a) It is a municipal corporation incorporated as a city of the first second class, duly organized under the constitution and laws of the State. Under the provisions of the Act and the Ordinance, the Issuer has the power to enter into and perform the transactions contemplated by this Lease and the Indenture and to carry out its obligations hereunder or thereunder. (b) It has not, in whole or in part, assigned, leased, hypothecated or otherwise created any other interest in, or disposed of, or caused or permitted any lien, claim or encumbrance to be placed against the Project, except for this Lease, any Permitted Encumbrances, any Impositions and the pledge of the Project pursuant to the Indenture. (c) Except as otherwise provided herein or in the Indenture, it will not during the Term, in whole or in part, assign, lease, hypothecate or otherwise create any other interest in, or dispose of, or cause or permit any lien, claim or encumbrance (other than Permitted Encumbrances) to be placed against, the Project, except this Lease, any Impositions and the pledge of the Project pursuant to the Indenture. (d) It has duly authorized the execution and delivery of this Lease and the Indenture and the issuance, execution and delivery of the Series 2023 2021 Bonds. (e) It has obtained the consent to and/or approval of the issuance of the Series 2023 2021 Bonds by each municipal corporation and political subdivision the consent or approval of which is required by the provisions of the Act. (f) This Lease constitutes a legal, valid and binding obligation of the Issuer enforceable in accordance with its terms.

Representations and Covenants by the Issuer. The Issuer makes the following representations and covenants as the basis for the undertakings on its part herein contained: (a) It is a municipal corporation duly incorporated and existing as a city of the first class, duly organized class under the constitution and laws of the State. Under the provisions of the Act and the Ordinance, the Issuer has the power to enter into and perform the transactions contemplated by this Lease and the Indenture and to carry out its obligations hereunder or and thereunder. (b) It has not, in whole or in part, assigned, leased, hypothecated or otherwise created any other interest in, or disposed of, or caused or permitted any lien, claim or encumbrance to be placed against against, the Project, except for this Lease, the assignment of this Lease to the Trustee, any Permitted Encumbrances, any Impositions Impositions, and the pledge of the Project pursuant to the Indenture. (c) Except as otherwise provided herein or in the Indenture, it will not during the Term, in whole or in part, assign, lease, hypothecate or otherwise create any other interest in, or dispose of, or cause or permit any lien, claim or encumbrance (other than Permitted Encumbrances) to be placed against, the Project, except Permitted Encumbrances, this Lease, any Impositions and the pledge of the Project pursuant to the Indenture. (d) It has duly authorized the execution and delivery of this Lease and the Indenture and the issuance, execution and delivery of the Series 2023 Bonds. (e) It has obtained the consent to and/or approval of the issuance of the Series 2023 Bonds by each municipal corporation and political subdivision the consent or approval of which is required by the provisions of the Act. (f) This Lease constitutes a legal, valid and binding obligation of the Issuer enforceable in accordance with its terms.

Representations and Covenants by the Issuer. The Issuer makes the following representations and covenants as the basis for the undertakings on its part herein contained: (a) It is a municipal corporation incorporated as a city of the first class, duly organized under the constitution and laws of the State. Under the provisions of the Act and the Ordinance, the Issuer has the power to enter into and perform the transactions contemplated by this the Lease and the Indenture and to carry out its obligations hereunder or thereunder. (b) It has not, in whole or in part, assigned, leased, hypothecated or otherwise created any other interest in, or disposed of, or caused or permitted any lien, claim or encumbrance to be placed against the Project, except for this Lease, any Permitted Encumbrances, any Impositions and the pledge of the Project pursuant to the Indenture. (c) Except as otherwise provided herein or in the Indenture, it will not during the Term, in whole or in part, assign, lease, hypothecate or otherwise create any other interest in, or dispose of, or cause or permit any lien, claim or encumbrance (other than Permitted Encumbrances) to be placed against, the Project, except this Lease, any Impositions and the pledge of the Project pursuant to the Indenture. (d) It has duly authorized the execution and delivery of this Lease and the Indenture and the issuance, execution and delivery of the Series 2023 Bonds2009 Bonds pursuant to Ordinance No. duly passed by the City on June 15, 2009. (e) It has obtained the consent to and/or approval of the issuance of the Series 2023 2009 Bonds by each municipal corporation and political subdivision the consent or approval of which is required by the provisions of the Act. (f) This Lease constitutes a legal, valid and binding obligation of the Issuer enforceable in accordance with its terms.