Representations and Warranties by the District. The District represents and warrants as follows:
Representations and Warranties by the District. The District represents and warrants to, and agrees with, the Dealer Manager that: The District is a public body politic and corporate and a political subdivision of the State of Colorado, formed under and governed by the Regional Transportation District Act, currently Sections 32-9-101 to 32-9-164 inclusive, and any public body politic and corporate succeeding to the rights of the District. The District has the requisite power and authority and has duly taken all necessary action to authorize the making and consummation of the Tender Offer (including authorizing any related borrowings or other provisions for the payment by the District for Bonds tendered for purchase and accepted by the District and for the issuance and delivery by the District of the Series 2021A Bonds and the Series 2021B Bonds proceeds of which will be used to pay the purchase price for the tendered Bonds accepted by the District), the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby; and this Agreement has been duly executed and delivered by, and constitutes a valid and binding Agreement of, the District, enforceable in accordance with its terms, subject, as to enforcement, to bankruptcy, insolvency, reorganization and other laws of general applicability relating to or affecting creditors’ rights and to general equity principles. The Offer Material complies and (as amended or supplemented, if amended or supplemented) will comply in all material respects with all applicable requirements of the federal securities laws. The making and consummation of the Tender Offer (including any related borrowings or other provisions for the payment by the District for Bonds tendered for purchase and accepted by the District), the execution, delivery and performance by the District of this Agreement and the consummation of the transactions contemplated hereby do not and will not (i) conflict with, or result in the acceleration of any obligation under or in a breach of, or constitute a default under, any of the provisions of any indenture, agreement or undertaking to which the District is a party or by which it is bound or to which any of its property or assets is subject, (ii) result in any violation of laws of the State of Colorado, or (iii) contravene any federal, state or local law, rule or regulation applicable to the District, or any order applicable to the District of any court or of any other governmental agency or instrumentalit...
Representations and Warranties by the District. The District represents and warrants that: The District is a quasi-municipal corporation and political subdivision duly organized and validly existing under the laws of the State of Colorado, has the power to enter into this Agreement and has duly authorized the execution, delivery and performance of this Agreement. The consummation of the transactions contemplated by this Agreement and the performance of its obligations hereunder will not violate any provisions of the governing documents of the District or constitute a default or result in the breach of any term or provision of any contract or agreement to which the District is a party so as to adversely affect the consummation of such transactions. The District knows of no litigation or threatened litigation, proceeding or investigation contesting the powers of the District or its officials with respect to the redevelopment of the Property, this Agreement or the District Improvements.
