District Representations. District represents and warrants to the Sellers as of the date of this Agreement and as of the Close of Escrow that: (i) District is a public entity validly existing and in good standing under the laws of the State of California. (ii) District has duly authorized the execution and performance of this Agreement and the execution and performance of all of the closing documents set forth herein. (iii) District’s execution and performance of this Agreement and the closing documents will not violate any provision of the District’s organizational documents, or any deed of trust, lease, contract, agreement, instrument, order, judgment or decree by which District is bound. (iv) The District has not engaged a broker with respect to the purchase of the Property contemplated herein.
Appears in 2 contracts
Sources: Disposition and Development Agreement, Disposition and Development Agreement