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the remaining phrases, sentences, clauses, paragraphs, or sections of this contract that are hereby declared <br />as severable and shall be interpreted to carry out the intent of the parties hereunder unless the invalid <br />provision is so material that its invalidity deprives either party of the basic benefit of their bargain or renders <br />this contract meaningless. <br />10.5 Corporate Authority. The persons executing this contract on behalf of the parties hereby <br />warrant that (i) such party is duly organized and existing, (ii) they are duly authorized to execute and deliver <br />this contract on behalf of said party, (iii) by so executing this contract, such party is formally bound to the <br />provisions of this contract, and, (iv) the entering into this contract does not violate any provision of any other <br />agreement to which said party is bound. <br />-13- <br />CDBG Agreement with <br />ECHO Fair Housing Services FY09-10 <br />