Representations and Warranties by the Township Clause Samples
The "Representations and Warranties by the Township" clause sets out specific statements of fact and assurances made by the Township regarding its authority, capacity, and the accuracy of information provided in the agreement. Typically, this clause covers matters such as the Township's legal status, its power to enter into the contract, and confirmation that all necessary approvals have been obtained. By including these representations and warranties, the clause provides assurance to the other party that the Township is legally able to fulfill its obligations, thereby reducing the risk of disputes or contract invalidity due to misrepresentation or lack of authority.
Representations and Warranties by the Township. The Township hereby makes the following representations and warranties:
(a) The Township has the legal power, right and authority to enter into this Agreement and the instruments and documents referenced herein to which the Township is a party, to consummate the transactions contemplated hereby, to take any steps or actions contemplated hereby, and to perform their obligations hereunder, and as of the Effective Date except as to the PILOT Contingency and Financial Agreement and matters relevant thereto the Township has taken all action and is in receipt of all Governmental Approvals required to consummate the transactions contemplated hereunder and to perform its obligations hereunder.
(b) This Agreement is duly executed by the Township, and is valid and legally binding upon the Township and enforceable in accordance with its terms on the basis of Applicable Laws currently in effect and the execution and delivery thereof shall not, with due notice or the passage of time, constitute a default under or violate the terms of any indenture, agreement or other instrument to which the Township is a party.
(c) As of the Effective Date, to the best of the Township’s knowledge there is no action, proceeding or investigation now pending nor any basis therefor, known or believed to exist which questions the validity of this Agreement or any action or act taken or to be taken by the Township pursuant to this Agreement.
(d) To the best of the Township’s knowledge, there is no pending litigation which affects the title to the Township Properties, the Redevelopment Area designation, the Redevelopment Plan, or the Township’s ability to convey the Township Properties to Redeveloper.
(e) To the best of the Township’s knowledge the Township is not in violation of any term of any judgment, decree, injunction or order affecting the Township Properties.
(f) The Township has not received notice of any pending eminent domain or condemnation of Township Properties and the Township does not know of, or have reason to know of, any proposed eminent domain or condemnation proceeding with respect to any portion of the Township Properties.
(g) To the best of the Township’s knowledge the Township has not received any notice of violation issued by any federal, state or other public authority with respect to the Township Properties.
(h) The Township is not aware of any pending challenge to the validity of the Redevelopment Plan or this Redevelopment Agreement. The Township knows of no state...
Representations and Warranties by the Township. The Township hereby makes the following representations and warranties:
(a) The Township has the legal power, right and authority to enter into this Agreement and the instruments and documents referenced herein to which the Township is a party, to consummate the transactions contemplated hereby, to take any steps or actions contemplated hereby, and to perform their obligations hereunder, and as of the Effective Date except as to Financial Agreement and matters relevant thereto the Township has taken all action and is in receipt of all Governmental Approvals required to consummate the transactions contemplated hereunder and to perform its obligations hereunder.
(b) This Agreement is duly executed by the Township, and is valid and legally binding upon the Township and enforceable in accordance with its terms on the basis of Applicable Laws currently in effect and the execution and delivery thereof shall not, with due notice or the passage of time, constitute a default under or violate the terms of any indenture, agreement or other instrument to which the Township is a party.
(c) As of the Effective Date, to the best of the Township’s knowledge there is no action, proceeding or investigation now pending nor any basis therefor, known or believed to exist which questions the validity of this Agreement or any action or act taken or to be taken by the Township pursuant to this Agreement, other than the ▇▇▇▇▇▇▇ Litigation.
(d) To the best of the Township’s knowledge, there is no pending litigation which affects the Redevelopment Area designation or the Redevelopment Plan.
Representations and Warranties by the Township. The Township hereby represents and warrants the following to Developer for the purpose of inducing Developer to enter into this Redevelopment Agreement, and to consummate the transactions contemplated hereby, all of which shall be true as of the date hereof, and all of which shall survive this Agreement:
a. The Township duly adopted Resolution No. 179-2016 on June 21, 2016, which designated the area as in need of redevelopment in accordance with law, as set forth above in the Preliminary Statement.
b. The Township duly adopted Ordinance No. No. 14-08-2019 on August 20, 2019 adopting a Redevelopment Plan in accordance with law, as set forth above in the Preliminary Statement.
c. The Township duly adopted Resolution No. on , 2020 designating Developer as the redeveloper for the Project Site (subject to the execution of this Redevelopment Agreement) and authorizing the Township to enter into this Redevelopment Agreement
d. This Redevelopment Agreement is duly executed by the Township and is valid and legally binding upon the Township and enforceable in accordance with its terms. The execution and delivery thereof shall not constitute a default under nor violate the terms of any indenture, agreement or other instrument to which the Township is a party.
e. The Township will consider amendments or revisions to the Developer’s Concept Plan proposed by the Developer and required to ensure compliance with the Redevelopment Plan provided that they comply with the Redevelopment Plan.
Representations and Warranties by the Township. The Township hereby represents and warrants the following to Developer for the purpose of inducing Developer to enter into this Redevelopment Agreement, and to consummate the transactions contemplated hereby, all of which shall be true as of the date hereof, and all of which shall survive this Agreement:
a. The Township duly adopted Resolution No. 179-2016 on June 21, 2016, which designated the area as in need of redevelopment in accordance with law, as set forth above in the Preliminary Statement.
b. The Township duly adopted Ordinance No. No. 14-08-2019 on August 20, 2019 adopting a Redevelopment Plan in accordance with law, as set forth above in the Preliminary Statement.
c. This Redevelopment Agreement is duly executed by the Township and is valid and legally binding upon the Township and enforceable in accordance with its terms. The execution and delivery thereof shall not constitute a default under nor violate the terms of any indenture, agreement or other instrument to which the Township is a party.
d. The Township will consider amendments or revisions to the Concept Plan proposed by the Developer and required to ensure compliance with the Redevelopment Plan provided that they comply with the Redevelopment Plan.