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<br />ARTICLE II <br />REPRESENTATIONS AND WARRANTIES <br /> <br />SECTION 2.1. <br /> <br />REPRESENTATIONS AND WARRANTIES OF THE CITY. The <br /> <br />City represents and warrants that: <br />(A) Existence and Powers. The City is a municipal corporation of the State, <br />validly existing under the laws of the State, with full legal right, power and authority to enter <br />into and to perform its obligations under this Service Contract. <br />(B) Due Authorization and Binding Obligation. This Service Contract has <br />been duly authorized, executed and delivered by all necessary action of the City and <br />constitutes a legal, valid and binding obligation of the City, enforceable against the City in <br />accordance with its terms, except to the extent that its enforceability may be limited by <br />bankruptcy, insolvency or other similar laws affecting creditors' rights from time to time in <br />effect and by equitable principles of general application. <br />(C) No Conflict. To the best of its knowledge, neither the execution and <br />delivery by the City of this Service Contract nor the performance by the City of its obligations in <br />connection with the transactions contemplated hereby or the fulfillment by the City of the <br />terms or conditions hereof: (1) conflicts with, violates or results in a breach of any <br />constitution, law or governmental regulation applicable to the City; or (2) conflicts with, violates <br />or results in a breach of any order, judgment or decree, or any contract, agreement or <br />instrument to which the City is a party or by which the City or any of its properties or assets <br />are bound, or constitutes a default under any of the foregoing. <br />(D) No Approvals Required. No approval, authorization, order or consent of, <br />or declaration, registration or filing with, any Govemmental Body is required for the valid <br />execution and delivery of this Service Contract by the City or the performance of its payment or <br />other obligations hereunder except such as have been duly obtained or made. <br />(E) No Litigation. Except as disclosed in writing to the Authority, to the best <br />of its knowledge, there is no Legal Proceeding before or by any Govemmental Body pending or, <br />to the best of the City's knowledge, overtly threatened or publicly announced against the City, <br />in which an unfavorable decision, ruling or fmding could reasonably be expected to have a <br />material and adverse effect on the execution and delivery of this Service Contract by the City, <br />or the validity, legality or enforceability of this Service Contract against the City or any other <br />agreement or instrument entered into by the City in connection with the transactions <br />contemplated hereby, or on the ability of the City to perform its obligations hereunder or under <br />any such other agreement or instrument. <br />(F) Applicable Law Compliance. Except as disclosed in writing to the <br />Authority, to the best of its knowledge, the City is not in material violation of any law, order, <br /> <br />21 <br />