Due Organization, Existence and Authority. Borrower and each Borrower-Related Party that is an entity (i) is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization, and (ii) has full power and authority to own its properties, carry on its business as presently conducted and as proposed to be conducted, and to enter into and perform its obligations under this Agreement and the other Loan Documents to which it is a party.
Due Organization, Existence and Authority. The City is a political subdivision of the State of Texas (the “State”), and has, and at the Closing Date will have, full legal right, power and authority:
Due Organization, Existence and Authority. Borrower (i) is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization, and (ii) has full power and authority to own its properties, carry on its business as presently conducted and as proposed to be conducted, and to enter into and perform its obligations under this Agreement and the other Loan Documents to which it is a party.
Due Organization, Existence and Authority. Borrower and each Borrower-Related Party that is an entity (i) is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization, and (ii) has full power and authority to own its properties, carry on its business as presently conducted and as proposed to be conducted, and to enter into and perform its obligations under this Agreement and the other Loan Documents to which it is a party. Loan Agreement – Rosehill Reserve Xxxxxx County, Texas 17
Due Organization, Existence and Authority. The Authority is a joint powers authority duly organized and existing under the laws of the State of California, with full right, power and authority to execute, deliver and perform its obligations under this Purchase Agreement, the Indenture, the Escrow Agent, the Continuing Disclosure Certificate and the Local Obligations Purchase Contract (together, the “Authority Documents”) and to carry out and consummate the transactions contemplated by the Authority Documents and the Official Statement.
Due Organization, Existence and Authority. The Authority is a joint exercise of powers authority duly organized and existing under and pursuant to that certain Joint Exercise of Powers Agreement, dated as of July 1, 2012 by and between the District and the Xxxxx Xxxxxxx Irrigation District (the “Irrigation District”), and under the provisions of Articles 1 through 4 (commencing with Section 6500) of Chapter 5 of Division 7 of Title 1 of the California Government Code (the “Act”), with full right, power and authority to execute, deliver and perform its obligations under this Purchase Contract, the Indenture, the Conveyance Agreements, the Installment Sale Agreements, the Resolution and the Continuing Disclosure Certificate (together, the “Bond Documents”) and to carry out and consummate the transactions contemplated by the Bond Documents and the Official Statement.
Due Organization, Existence and Authority. The Agency is an agency duly organized and existing under the Constitution and laws of the State of California (the “State”), with full right, power and authority to execute, deliver and perform its obligations under this Purchase Contract, the Installment Purchase Agreement, and the hereinafter defined Continuing Disclosure Certificate (collectively, the “Agency Documents”) and to carry out and consummate the transactions contemplated by the Agency Documents and the Agency Portion of the Official Statement.
Due Organization, Existence and Authority. The Authority is a joint exercise of powers agency duly organized and existing under the Constitution and laws of the State, with full right, power and authority to execute, deliver and perform its obligations under this Purchase Contract, the Installment Purchase Agreement, and the Indenture, (collectively, the “Authority Documents”), and to carry out and consummate the transactions contemplated by the Authority Documents and the Official Statement, excluding the Agency Portion (the “Authority Portion”).
Due Organization, Existence and Authority. The Owner is a limited liability company, duly formed and validly existing under the laws of the State of Maryland, and as of the date hereof and as of the Closing Date will be duly authorized to do business in the State, with the rights, power and authority to execute, deliver and perform its obligations under this Bond Purchase Agreement; the Administrator’s and Owner’s Continuing Disclosure Agreement, dated the Closing Date (the “Continuing Disclosure Agreement”) between MuniCap, Inc. as the administrator of the District and the Owner; the Development Agreement, dated , 2006, between the Developer and the Owner (the “Development Agreement”); the Construction Loan Agreement, dated as of , 2006 (the “Construction Loan Agreement”), between the Owner and Mercantile-Safe Deposit and Trust Company, a Maryland banking corporation or another commercial lender or lenders named therein, as construction lender (the “Construction “Lender”); the Infrastructure, Development and Indemnity Agreement and the Master Lease and Use Agreement, dated as of , 2006, between Tallgrass Creek and the Owner (the “Master Lease Agreement” which, together with the Continuing Disclosure Agreement, the Development Agreement, the Construction Loan Agreement and the Infrastructure, Development and Indemnity Agreement, are collectively referred to herein as the “Owner Documents”.
Due Organization, Existence and Authority. The Developer is a limited liability company, duly formed and validly existing under the laws of the State of Maryland and: as of the date hereof and as of the Closing Date will be duly authorized to do business in the State, with the rights, power and authority to execute, deliver and perform its obligations under this Bond Purchase Agreement and the Development Agreement. This Bond Purchase Agreement and the Development Agreement are collectively referred to herein as the “Developer Documents”.”
