Representations by the County. The County makes the following affirmative representations: (a) The County is a body politic and corporate duly organized and validly existing under the constitution and laws of the State of Maryland, with full legal right, power, and authority to enter into and perform its obligations under this MOU; (b) The County has duly authorized the execution and delivery of this MOU and this MOU has been duly executed and delivered by the County and constitutes the legal, valid, and binding obligation of the County, enforceable in accordance with its terms, but subject to applicable bankruptcy laws, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights and, to the extent that certain remedies require enforcement by a court of equity, such principles of equity as the court having jurisdiction may apply; and (c) None of the execution and delivery of this MOU, the consummation of the transactions contemplated hereby, or the fulfillment of or compliance with the terms and conditions of this MOU conflicts with or results in a breach of any of the terms, conditions, or provisions of any Applicable Law or any agreement or instrument to which the County is now a party or by which it is bound, or constitutes a default under the terms of any of the foregoing.
Appears in 2 contracts
Sources: Memorandum of Understanding, Memorandum of Understanding
Representations by the County. The County makes the following affirmative representations:representations:
(a) The County is a body politic and corporate duly organized and validly existing under the constitution and laws of the State of Maryland, with full legal right, power, and authority to enter into and perform its obligations under this MOU;
(b) The County has duly authorized the execution and delivery of this MOU and this MOU has been duly executed and delivered by the County and constitutes the legal, valid, and binding obligation of the County, enforceable in accordance with its terms, but subject to applicable bankruptcy laws, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights and, to the extent that certain remedies require enforcement by a court of equity, such principles of equity as the court having jurisdiction may apply; and
(c) None of the execution and delivery of this MOU, the consummation of the transactions contemplated hereby, or the fulfillment of or compliance with the terms and conditions of this MOU conflicts with or results in a breach of any of the terms, conditions, or provisions of any Applicable Law or any agreement or instrument to which the County is now a party or by which it is bound, or constitutes a default under the terms of any of the foregoing.
Appears in 1 contract
Sources: Memorandum of Understanding