Representations and warranties of the Commonwealth. The Commonwealth, through its Title III representative, the Oversight Board, hereby represents and warrants that, subject to entry of an order of the Title III Court: (a) it is duly organized and validly existing under the laws of the jurisdiction of its organization with all requisite, consent, approval, power and authority to carry on the business in which it is engaged, to own the properties it owns, to execute this Agreement and to consummate the transactions contemplated hereby: (b) it has full requisite power and authority to execute and deliver and to perform its obligations under this Agreement, and the execution, delivery and performance hereof, and the instruments and documents required to be executed by it in connection herewith (i) have been duly and validly authorized by it and (ii) are not in contravention of its organizational documents or any material agreements specifically applicable to it, or any law, rules or regulations applicable to it; and (c) no proceeding, litigation or adversary proceeding before any court, arbitrator or administrative or governmental body is pending against it, or to its knowledge has been threatened against it, which would adversely affect its ability to enter into this Agreement or to perform its obligations hereunder.
Representations and warranties of the Commonwealth. The Commonwealth represents and warrants to the Issuing Entity, the State and each of the Dealers as of the date of this Agreement and each Update Date (and in respect of Section 2(f) of this Agreement only, as of each Effective Time; provided that the Commonwealth makes the representations and warranties contained in Section 2(f) of this Agreement as of the Effective Time in respect of a Commonwealth Pricing Supplement dated the date of a corresponding State/Territory Pricing Supplement only to the Issuing Entity, the State and those of the Dealers through which the offer and sale of the issue of State/Territory Debt Securities described in such State/Territory Pricing Supplement is effected) as follows:
Representations and warranties of the Commonwealth. The Commonwealth represents and warrants to the Eligible Institution and each of the Underwriters as of the date of this Agreement and as of the Closing Date as follows:
Representations and warranties of the Commonwealth. 39 Section 8.01 Powers as to Contract and Pledge 39
