Common use of Representations by Issuer Clause in Contracts

Representations by Issuer. Issuer represents and warrants that: (a) The Issuer is a municipality duly organized and validly existing under the laws of the State. Under the provisions of the Act, the Issuer is authorized to enter into the transactions contemplated by this Financing Agreement and to carry out its obligations hereunder. The Issuer has been duly authorized to execute and deliver this Financing Agreement. (b) The Issuer agrees to provide funds from the issuance of the Series 2019 Bonds for financing the construction and equipping of the Project, to the end that industry and the economy may be diversified and job opportunities promoted. (c) The Issuer covenants to seek the Annual Appropriation of General Revenues as set forth in Section 4.6(a) of the Indenture. (d) The Issuer covenants that it will timely pay the TIF Revenues (junior and subordinate to the Outstanding Obligations (as to the pledge of CCW Tax Increment)) and Taxpayer Payments to the Trustee as provided in the Indenture. The Issuer represents and warrants that the TIF Pledge Resolution of the Redevelopment Commission was validly adopted and constitutes a valid and binding obligation of the Issuer, enforceable against the Issuer in accordance with its terms.

Representations by Issuer. Issuer represents and warrants that: (a) The Issuer is a municipality municipal corporation duly organized and validly existing under the laws of the State. Under the provisions of the Act, the Issuer is authorized to enter into the transactions contemplated by this Financing Agreement and to carry out its obligations hereunder. The Issuer has been duly authorized to execute and deliver this Financing Agreement. (b) The Issuer agrees to provide funds from the issuance of the Series 2019 2024 Bonds for financing the construction and equipping of the ProjectProject to induce the Company to construct the Facilities, to the end that industry and the economy may be diversified and job opportunities promoted. (c) The Issuer covenants to seek the Annual Appropriation of General Revenues as set forth in Section 4.6(a) of the Indenture. (d) The Issuer covenants that it will timely pay the TIF Revenues (junior and subordinate to the Outstanding Obligations (as to the pledge of CCW Tax Increment)) and Taxpayer Payments to the Trustee as provided in the Indenture, and the Company will timely pay Taxpayer Payments, if any, to the Trustee as provided in the Financing Agreement. The Issuer represents and warrants that the TIF Pledge Resolution of the Redevelopment Commission was validly adopted and constitutes a valid and binding obligation of the Issuer, enforceable against the Issuer in accordance with its terms, to pledge the TIF Revenues and the Taxpayer Payments to repayment of the Bonds.

Representations by Issuer. Issuer represents and warrants that: (a) The Issuer is a municipality municipal corporation duly organized and validly existing under the laws of the State. Under the provisions of the Act, the Issuer is authorized to enter into the transactions contemplated by this Financing Agreement and to carry out its obligations hereunder. The Issuer has been duly authorized to execute and deliver this Financing Agreement. (b) The Issuer agrees to provide funds from the issuance of the Series 2019 2024 Bonds for financing the construction and equipping of the ProjectProject to induce the Company to construct the Facilities, to the end that industry and the economy may be diversified and job opportunities promoted. (c) The Issuer covenants to seek the Annual Appropriation of General Revenues as set forth in Section 4.6(a) of the Indenture. (d) The Issuer covenants that it will timely pay the TIF Revenues (junior and subordinate to the Outstanding Obligations (as to the pledge of CCW Tax Increment)) and Taxpayer Payments to the Trustee as provided in the Indenture, and the Company will timely pay Taxpayer Payments, if any, to the Trustee as provided in this Financing Agreement. The Issuer represents and warrants that the TIF Pledge Resolution of the Redevelopment Commission was validly adopted and constitutes a valid and binding obligation of the Issuer, enforceable against the Issuer in accordance with its terms, to pledge the TIF Revenues and the Taxpayer Payments to repayment of the Bonds.