Common use of The County Clause in Contracts

The County. The County represents and warrants to the District that: i) It is a political subdivision duly organized, validly existing and operating under the laws of the State of Texas; ii) It has full power, authority and legal right to execute and deliver this Agreement and to perform and observe the terms and provisions hereof; iii) The form, execution, delivery and performance by the County of this Agreement have been duly authorized by all necessary action and do not violate or contravene any law or any order of any court or governmental agency or any agreement or other instrument to which the County is a party or by which it or any of its properties may be bound; and iv) This Agreement is a legal, valid and binding obligation of the County enforceable against the County in accordance with its terms except that enforceability of the County's obligations hereunder may be limited by bankruptcy, insolvency or other similar laws affecting the enforcement of creditors' rights in general and is subject to general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Appears in 2 contracts

Sources: Financing and Construction Agreement, Agreement for the Financing and Construction of Road Improvements