Common use of Representations by the District Clause in Contracts

Representations by the District. The District represents that: A. The District is a community improvement district and political subdivision, duly organized and existing under the laws of the State of Missouri, including particularly the CID Act. B. The CID has authority to enter into this Agreement and to carry out its obligations under this Agreement. By proper action of District’s Board of Directors (the “Board”), the District has been duly authorized to execute and deliver this Agreement, acting by and through its duly authorized officers. C. The execution and delivery of this Agreement, the consummation of the transactions contemplated by this Agreement and the performance of or compliance with the terms and conditions of this Agreement by the District will not conflict with or result in a breach of any of the terms, conditions or provisions of, or constitute a default under, any mortgage, deed of trust, lease or any other restriction or any agreement or instrument to which the District is a party or by which it or any of its property is bound, or any order, rule or regulation of any court or governmental body applicable to the District or any of its property, or result in the creation or imposition of any prohibited lien, charge or encumbrance of any nature whatsoever upon any of the property or assets of the District under the terms of any instrument or agreements to which the District is a party. D. There is no litigation or proceeding pending or, to its knowledge, threatened against the District affecting the right of the District to execute or deliver this Agreement or the ability of the District to comply with its obligations under this Agreement or which would materially adversely affect its financial condition. E. Consideration and public benefit: The District acknowledges that construction of the CID Project is of significant value to the District, the property within the District and the general public. The District finds and determines that the CID Project will promote the economic welfare and the development of the City and the State of Missouri through: (i) the creation of temporary and permanent jobs; (ii) stimulating additional development in the area near the CID Project; (iii) increasing local and state tax revenues; and (iv) providing necessary parking and other infrastructure improvements for the Development and other surrounding development. Further, the District finds that the CID Project conforms to the purposes of the CID Act.

Representations by the District. The As of the effective date of this Agreement, the District represents that: A. (a) The District is a community improvement district and political subdivision, duly organized and existing under the laws of the State of MissouriState, including particularly the CID Act. B. The CID has authority to enter into this Agreement and to carry out its obligations under this Agreement. (b) By proper action of District’s its Board of Directors (the “Board”)Directors, the District has been duly authorized to execute and deliver this AgreementAgreement and to carry out its obligations hereunder, acting by and through its duly authorized officers. C. (c) The execution and delivery of this Agreement, the consummation of the transactions contemplated by this Agreement Agreement, and the performance of or compliance with the terms and conditions of this Agreement by the District will not conflict with or result in a breach of any of the terms, conditions or provisions of, or constitute a default under, any mortgage, deed of trust, lease or any other restriction or any agreement or instrument to which the District is a party or by which it or any of its property is bound, or any order, rule or regulation of any court or governmental body applicable to the District or any of its property, or result in the creation or imposition of any prohibited lien, charge or encumbrance of any nature whatsoever upon any of the property or assets of the District under the terms of any instrument or agreements to which the District is a party. D. (d) There is no litigation or proceeding pending or, to its the District’s knowledge, threatened against the District affecting the right of the District to execute or deliver this Agreement or the ability of the District to comply with its obligations under this Agreement or which would materially adversely affect its financial condition. E. Consideration and public benefit: The District acknowledges that construction (e) Construction of the CID District Project is of significant value to the District, the property within the District and the general public. The District finds and determines that the CID Project will promote the economic welfare and the development of the City and the State of Missouri through: (i) the creation of temporary and permanent jobs; (ii) stimulating additional development in the area near the CID Project; (iii) increasing local and state tax revenues; and (iv) providing necessary parking and other infrastructure improvements for the Development and other surrounding development. Further, the District finds that the CID Project conforms to the purposes of the CID Act.;

Representations by the District. The District represents that:As of the effective date of this Agreement, the A. (a) The District is a community improvement district and political subdivision, duly organized and existing under the laws of the State of MissouriState, including particularly the CID Act. B. The CID has authority (b) By proper action of its Board of Directors, the District is authorized to enter into this Agreement and to carry out its obligations under this Agreement. By proper action , the Chair of District’s Board of Directors (the “Board”), the District has been duly authorized to execute and deliver this Agreement, acting by Agreement on behalf of the District and through its the District’s Secretary has been duly authorized officersto attest to this Agreement. C. (c) The execution and delivery of this Agreement, the consummation of the transactions contemplated by this Agreement Agreement, and the performance of or compliance with the terms and conditions of this Agreement by the District will not conflict with or result in a breach of any of the terms, conditions or provisions of, or constitute a default under, any mortgage, deed of trust, lease or any other restriction or any agreement or instrument to which the District is a party or by which it or any of its property is bound, or any order, rule or regulation of any court or governmental body applicable to the District or any of its property, or result in the creation or imposition of any prohibited lien, charge or encumbrance of any nature whatsoever upon any of the property or assets of the District under the terms of any instrument or agreements to which the District is a party. D. (d) There is no litigation or proceeding pending or, to its the District’s knowledge, threatened against the District affecting the right of the District to execute or deliver this Agreement or the ability of the District to comply with its obligations under this Agreement or which would materially adversely affect its financial condition. E. Consideration and public benefit: The District acknowledges that construction (e) Construction of the CID District Project is of significant value to the District, the property within the District and the general public. The District finds and determines that the CID Project will promote the economic welfare and the development of the City and the State of Missouri through: (i) the creation of temporary and permanent jobs; (ii) stimulating additional development in within the area near the CID ProjectDistrict; and (iii) increasing local and state tax revenues; and (iv) providing necessary parking and other infrastructure improvements for the Development and other surrounding development. Further, the District finds that the CID District Project conforms to the purposes of the CID Act.

Representations by the District. The District represents that: A. The District is a community improvement district and political subdivision, duly organized and existing under the laws of the State of Missouri, including particularly the CID Act. B. The CID District has authority to enter into this Agreement and to carry out its obligations under this Agreement. By proper action of District’s its Board of Directors (the “Board”)Directors, the District has been duly authorized to execute and deliver this Agreement, acting by and through its duly authorized officers. C. The CID Improvements are authorized in the Petition. D. The execution and delivery of this Agreement, the consummation of the transactions contemplated by this Agreement and the performance of or compliance with the terms and conditions of this Agreement by the District will not conflict with or result in a breach of any of the terms, conditions or provisions of, or constitute a default under, any mortgage, deed of trust, lease or any other restriction or any agreement or instrument to which the District is a party or by which it or any of its property is bound, or any order, rule or regulation of any court or governmental body applicable to the District or any of its property, or result in the creation or imposition of any prohibited lien, charge or encumbrance of any nature whatsoever upon any of the property or assets of the District under the terms of any instrument or agreements to which the District is a party. D. There is no litigation or proceeding pending or, to its knowledge, threatened against the District affecting the right of the District to execute or deliver this Agreement or the ability of the District to comply with its obligations under this Agreement or which would materially adversely affect its financial condition. E. Consideration and public benefit: The District acknowledges that the construction of the CID Project Improvements is of significant value to the District, the property within the District and the general public. The District finds and determines that the CID Project Improvements will promote the economic welfare and the development of the City and the State of Missouri through: (i) the creation of temporary and permanent jobs; (ii) stimulating additional development in the area near the CID ProjectImprovements; (iii) increasing local and state tax revenues; and (iv) providing necessary parking and other street infrastructure improvements for the Development District and for other surrounding development. Further, the District finds that the CID Project conforms Improvements conform to the purposes of the CID Act. F. There is no litigation or proceeding pending or threatened against the District affecting the right of the District to execute or deliver this Agreement or the ability of the District to comply with its obligations under this Agreement or which would materially adversely affect its financial condition.

Representations by the District. The District represents that: A. The District is a community improvement district and political subdivision, duly organized and existing under the laws of the State of Missouri, including particularly the CID Act. B. The CID District has authority to enter into this Agreement and to carry out its obligations under this Agreement. By proper action of District’s Board of Directors (the “Board”), the District has been duly authorized to execute and deliver this Agreement, acting by and through its duly authorized officers. C. The execution and delivery of this Agreement, the consummation of the transactions contemplated by this Agreement and the performance of or compliance with the terms and conditions of this Agreement by the District will not conflict with or result in a breach of any of the terms, conditions or provisions of, or constitute a default under, any mortgage, deed of trust, lease or any other restriction or any agreement or instrument to which the District is a party or by which it or any of its property is bound, or any order, rule or regulation of any court or governmental body applicable to the District or any of its property, or result in the creation or imposition of any prohibited lien, charge or encumbrance of any nature whatsoever upon any of the property or assets of the District under the terms of any instrument or agreements to which the District is a party. D. There is no litigation or proceeding pending or, to its knowledge, threatened against the District affecting the right of the District to execute or deliver this Agreement or the ability of the District to comply with its obligations under this Agreement or which would materially adversely affect its financial condition. E. Consideration and public benefit: The District acknowledges that construction of the CID Project Projects is of significant value to the District, the property within the District and the general public. The District finds and determines that the CID Project Projects will promote the economic welfare and the development of the City and the State of Missouri through: (i) the creation of temporary and permanent jobs; (ii) stimulating additional development in the area near the CID Project; (iii) increasing local and state tax revenues; and (iv) providing necessary parking and other infrastructure improvements for the Development and other surrounding development. Further, the District finds that the CID Project conforms to the purposes of the CID Act.;