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2000_Resolutions
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2000_Resolutions
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SECTION 8. WARRANTIES AND REPRESENTATIONS OF THE LESSEE <br />• The Lessee warrants and represents to the Lessor as follows, which representations and <br />warranties shall be continuing. <br />(a) The Lessee is a political subdivision within the meaning of Section 103(c) <br />of the Internal Revenue Code of 1986, as amended, (the "Code") and will do or cause to be done <br />all things necessary to preserve and keep in full force and effect its existence as such. <br />(b) The Lessee is authorized under the Constitution and laws of the <br />Commonwealth of Virginia to enter into this Agreement and the transactions contemplated hereby <br />and to perform all of its obligations hereunder. <br />(c) The execution and delivery of this Agreement by or on behalf of the <br />Lessee has been duly authorized by all necessary action of the governing body of the Lessee, and <br />the Lessee has obtained such other approvals and consents as are necessary to consummate this <br />Agreement. The Lessee further represents and warrants that all requirements have been met and <br />procedures have been followed in order to ensure the enforceability of this Agreement. <br />(d) The Lessee has complied with such public bidding requirements as may <br />• be applicable to this Agreement and the acquisition of the Equipment hereunder, including without <br />limitation, the provisions of the Virginia Public Procurement Act. <br />(e) The Lessee shall cause to be executed and delivered to the Lessor an <br />opinion of Bond Counsel and an incumbency certificate in form and substance reasonably <br />satisfactory to the Lessor. <br />(f) The Lessee has an immediate need for, and expects to make immediate <br />use of all of the Equipment which need is not temporary or expected to diminish during the term <br />of this Agreement. <br />(g) The execution, delivery and performance of this Agreement and <br />transactions contemplated herein will not violate any judgment, order, law or regulation applicable <br />to the Lessee or result in any breach of, or constitute a default under, any indenture, mortgage, <br />deed of trust, bond, loan or credit agreement or other instrument to which the Lessee is a party or <br />by which it is bound. <br />(h) There are no actions, suits or proceedings pending or, to the knowledge of <br />the Lessee, threatened against or affecting the Lessee in any court or before any governmental <br />commission, board or authority which, if adversely determined, would have a material adverse <br />• effect on the ability of the Lessee to perform its obligations hereunder. <br />
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