Common use of Representations by Lessee Clause in Contracts

Representations by Lessee. The Lessee makes the following representations as the basis for its undertakings in this Agreement: (a) Lessee is a corporation validly existing under the laws of the State of Delaware; it is in good standing under its certificate of incorporation and the laws of the State of Delaware; it is duly authorized to do business in the State of Texas; it has the power to enter into this Agreement and the Guaranty without violating the terms of any other agreement to which it is a party; and by proper corporate action it has been duly authorized to execute and deliver this Agreement and the Guaranty; (b) Lessee will occupy and possess the Ground Lease Properties and the Easements for the purposes and upon the terms and conditions set forth herein; it will, subject to the City's issuance and sale of the Series 2001 Bonds, carry out, or cause to be carried out, its obligations hereunder with respect to the construction, installation and equipping of the Lessee Project Components substantially in the manner herein provided, causing title to the Lessee Project Components to vest in the City in the manner herein provided, and carry out its obligations contained herein with respect to the occupancy, possession, operation and maintenance of the Lessee Project Components and any other Special Facilities for the purposes and in the manner provided herein, all subject to the terms and conditions of this Agreement; and (c) All representations relating to Lessee contained in the recitals to this Agreement are true and correct in all material respects.

Representations by Lessee. The Lessee makes the following representations as the basis for its undertakings in this Agreement: (a) Lessee is a corporation validly existing under the laws of the State of Delaware; it is in good standing under its certificate of incorporation and the laws of the State of Delaware; it is duly authorized to do business in the State of Texas; it has the power to enter into this Agreement and the Guaranty without violating the terms of any other agreement to which it is a party; and by proper corporate cor- porate action it has been duly authorized to execute and deliver this Agreement and the GuarantyAgreement; (b) Lessee will occupy and possess the Easements and Ground Lease Properties and the Easements for the purposes and upon the terms and conditions set forth herein; it will, subject to the City's issuance and sale of the Series 2001 1997B Bonds and the Series 1998B Bonds, carry outconstruct, or cause to be carried out, its obligations hereunder with respect to install and equip the construction, installation and equipping of the Lessee Project Components Projects substantially in the manner herein provided; it will convey the Projects to, causing or cause title to the Lessee Project Components Projects to vest in in, the City in the manner herein provided; and it will occupy, possess, operate and carry out its obligations contained herein with respect to maintain the occupancy, possession, operation and maintenance of the Lessee Project Components Projects and any other Special Facilities for the purposes and in the manner provided herein, all subject to the terms and conditions of this Agreement; and (c) All representations relating to Lessee contained in the recitals to this Agreement are true and correct in all material respects.

Representations by Lessee. The Lessee makes the following representations as the basis for its undertakings in this Agreement: (a) Lessee is a corporation validly existing under the laws of the State of Delaware; it is in good standing under its certificate of incorporation and the laws of the State of Delaware; it is duly authorized to do business in the State of Texas; it has the power to enter into this Agreement and the Guaranty without violating the terms of any other agreement to which it is a party; and by proper corporate cor- porate action it has been duly authorized to execute and deliver this Agreement and the GuarantyAgreement; (b) Lessee will occupy and possess the Easements and Ground Lease Properties and the Easements for the purposes and upon the terms and conditions set forth herein; it will, subject to the City's issuance and sale of the Series 2001 1997A Bonds, carry outconstruct, or cause to be carried out, its obligations hereunder with respect to install and equip the construction, installation and equipping of the Lessee Project Components substantially in the manner herein provided; it will convey the Project to, causing or cause title to the Lessee Project Components to vest in in, the City in the manner herein provided; and it will occupy, possess, operate and carry out its obligations contained herein with respect to maintain the occupancy, possession, operation and maintenance of the Lessee Project Components and any other Special Facilities for the purposes and in the manner provided herein, all subject to the terms and conditions of this Agreement; and (c) All representations relating to Lessee contained in the recitals to this Agreement are true and correct in all material respects.

Representations by Lessee. The Lessee makes the following representations as the basis for its undertakings in this Agreement: (a) Lessee is a corporation validly existing under the laws of the State of Delaware; it is in good standing under its certificate of incorporation and the laws of the State of Delaware; it is duly authorized to do business in the State of Texas; it has the power to enter into this Agreement and the Guaranty without violating the terms of any other agreement to which it is a party; and by proper corporate cor- porate action it has been duly authorized to execute and deliver this Agreement and the GuarantyAgreement; (b) Lessee will occupy and possess the Easements and Ground Lease Properties and the Easements for the purposes and upon the terms and conditions set forth herein; it will, subject to the City's issuance and sale of the Series 2001 1997C Bonds and the Series 1998C Bonds, carry outconstruct, or cause to be carried out, its obligations hereunder with respect to install and equip the construction, installation and equipping of the Lessee Project Components Projects substantially in the manner herein provided; it will convey the Projects to, causing or cause title to the Lessee Project Components Projects to vest in in, the City in the manner herein provided; and it will occupy, possess, operate and carry out its obligations contained herein with respect to maintain the occupancy, possession, operation and maintenance of the Lessee Project Components Projects and any other Special Facilities for the purposes and in the manner provided herein, all subject to the terms and conditions of this Agreement; and (c) All representations relating to Lessee contained in the recitals to this Agreement are true and correct in all material respects.