Common use of Representations of the TID Clause in Contracts

Representations of the TID. To induce the Parties to enter into this Agreement, the TID Board of Trustees represents as follows: (a) it is a transportation improvement district and a body both corporate and politic duly organized and validly existing under the laws of the State; (b) it has full power and authority to execute and deliver this Agreement and to perform its obligations hereunder; (c) the execution, delivery, and performance of this Agreement have been duly authorized by all requisite action on the part of the TID and the TID Board of Trustees; and this Agreement, when executed and delivered by the TID, will constitute a legal, valid, and binding obligation of the TID; and (d) the execution, delivery, and performance of this Agreement do not, and will not, (1) violate any provision of law applicable to the TID or (2) result in a default under any agreement or instrument to which the TID is a party or by which it is bound.

Representations of the TID. To induce the Parties to enter into this Agreement, the TID Board of Trustees represents as follows: (a) it is a transportation improvement district and a body both corporate and politic duly organized and validly existing under the laws of the State; (b) it has full power and authority to execute and deliver this Agreement and to perform its obligations hereunder; (c) the execution, delivery, and performance of this Agreement have been duly authorized by all requisite action on the part of the TID and the TID Board of Trustees; and this Agreement, when executed and delivered by the TID, will constitute a legal, valid, and binding obligation of the TID; andwill (d) the execution, delivery, and performance of this Agreement do not, and will not, (1) violate any provision of law applicable to the TID or (2) result in a default under any agreement or instrument to which the TID is a party or by which it is bound.

Representations of the TID. To induce the Parties CITY to enter into this Agreement, the TID Board of Trustees represents to the CITY as follows: (a) it is a transportation improvement district and a body both corporate and politic duly organized and validly existing under the laws of the State; (b) it has full power and authority to execute and deliver this Agreement and to perform its obligations hereunder; (c) the execution, delivery, and performance of this Agreement have been duly authorized by all requisite action on the part of the TID and the TID Board of Trustees; and this Agreement, when executed and delivered by the TID, will constitute a legal, valid, and binding obligation of the TID; and (d) the execution, delivery, and performance of this Agreement do not, and will not, (1) violate any provision of law applicable to the TID or (2) result in a default under any agreement or instrument to which the TID is a party or by which it is bound.