By TRC Sample Clauses
By TRC. TRC shall have the right to terminate this Agreement at any time by giving Owner written notice of TRC's election to so terminate. Upon the giving of such notice, this Agreement shall automatically terminate without further action of the parties, and TRC shall have no further rights or obligations hereunder other than such as have accrued prior to the date of such termination and those specified in Section 13.3.
By TRC. TRC represents and warrants to Owner that TRC has the full right, power and capacity to enter into and perform this Agreement upon the terms set forth herein, and doing so will not be in breach of any other agreement to which TRC is a party. TRC is a corporation in good standing under the laws of Idaho and is authorized to do business in California. All transactions contemplated herein and any corporate or other actions required to authorize TRC to enter into and perform this Agreement have been properly taken. The person signing this Agreement for TRC has proper corporate authority to do so as TRC’s Chief Executive Officer. TRC agrees not to encumber title to the Property while this Agreement is in effect.