My WebLink
|
Help
|
About
|
Sign Out
Home
Agmt 2006 Allied Housing Program etc
CityHall
>
City Clerk
>
City Council
>
Agreements
>
2006
>
Agmt 2006 Allied Housing Program etc
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
12/12/2006 4:39:27 PM
Creation date
12/12/2006 4:39:24 PM
Metadata
Fields
Template:
CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
5/3/2006
Retention
PERM
Document Relationships
RDA Reso 2006-001
(Approved by)
Path:
\City Clerk\City Council\Resolutions\2006
Reso 2006-045
(Approved by)
Path:
\City Clerk\City Council\Resolutions\2006
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
25
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />ARTICLE II <br /> <br />REPRESENTATIONS; EFFECTIVE DATE AND TERM <br /> <br />2.1 Owner's Representations. Owner represents and warrants to Agency as follows, <br />and Owner covenants that until the expiration or earlier termination of this Agreement, upon <br />leaming of any fact or condition which would cause any of the warranties and representations in <br />this Section 2.1 not to be true, Owner shall immediately give written notice of such fact or <br />condition to Agency. Owner acknowledges that Agency shall rely upon Owner's representations <br />made herein notwithstanding any investigation made by or on behalf of Agency. <br /> <br />(i) Authority. Owner is a non-profit public benefit corporation duly <br />organized and in good standing under the laws of the State of Califomia. Owner has the full <br />right, power and authority to undertake all obligatiolls of Owner as provided herein, and Owner's <br />execution, performance and delivery of this Agreement, the Regulatory Agreement, the Agency <br />Loan Documents and the City Loan Documents by Owner has been duly authorized by all <br />requisite actions. The persons executing this Agreement on behalf of Owner have been duly <br />authorized to do so. This Agreement, the Regulatory Agreement, and each ofthe Agency Loan <br />Documents and the City Loan Documents constitute a valid and binding obligation of Owner. <br /> <br />(ii) No Conflict. Owner's execution, delivery and performance of its <br />obligations under this Agreement, the Regulatory Agreement, the Agency Loan Documents and <br />the City Loan Documents will not constitute a default or a breach under any contract, agreement <br />or order to which Owner is a party or by which it ib bound. <br /> <br />(iii) No Litigation or Other Proceeding. No litigation or other proceeding <br />(whether administrative or otherwise) is outstanding or has been threatened which would <br />prevent, hinder or delay the ability of Owner to perform its obligations under this Agreement, the <br />Regulatory Agreement, the Agency Loan Documents and the City Loan Documents. <br /> <br />(iv) No Owner Bankruptcy. Owner is not the subject of a bankruptcy or <br />insolvency proceeding. <br /> <br />2.2 Agency Representations. Agency represents and warrants to Owner as follows, <br />and Agency covenants that until the expiration or earlier termination of this Agreement, upon <br />learning of any fact or condition which would cause any of the warranties and representations in <br />this Section 2.2 not to be true, Agency shall immediately give written notice of such fact or <br />condition to Owner. Agency acknowledges that Owner shall rely upon Agency's representations <br />made herein notwithstanding any investigation made by or on behalf of Owner. <br /> <br />(i) Authority. Agency is a public entity duly organiz~d and in good standing <br />under the laws of the State of California. Agency has the full right, power and authority to <br />undertake all obligations of Agency as provided herein, and the execution, performance and <br />delivery of this Agreement by Agency have been duly authorized by all requisite actions. The <br />persons executing this Agreement on behalf of Agency have been duly authorized to do so. This <br />Agreement constitutes a valid and binding obligation of Agency. <br /> <br />818642.2 <br /> <br />5 <br />
The URL can be used to link to this page
Your browser does not support the video tag.