Representations and Warranties of the Governmental Lender. The Governmental Lender hereby represents and warrants as follows:
Representations and Warranties of the Governmental Lender. The Governmental Lender makes the following representations as of the Closing Date:
Representations and Warranties of the Governmental Lender. The Governmental Lender makes the following representations as the basis for the undertakings on its part herein contained:
Representations and Warranties of the Governmental Lender. The Governmental Lender hereby represents and warrants as follows: The Governmental Lender is a housing and redevelopment authority, public body corporate and politic, and political subdivision duly organized and existing under the Constitution and laws of the State. The Governmental Lender has all necessary power and authority to issue the Governmental Notes and to execute and deliver this Funding Loan Agreement, the Project Loan Agreement and the other Financing Documents to which it is a party, and to perform its duties and discharge its obligations hereunder and thereunder. The revenues and assets pledged for the repayment of the Funding Loans are and will be free and clear of any pledge, lien or encumbrance prior to, or equal with, the pledge created by this Funding Loan Agreement, and all action on the part of the Governmental Lender to that end has been duly and validly taken. The Financing Documents to which the Governmental Lender is a party have been validly authorized, executed and delivered by the Governmental Lender.
