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<br /> Properties to be sold hereunder shall be destroyed or rendered <br /> useless by fire, flood, wind or other casualty, resulting in the <br /> suspension or interference of the conduct of LCRA'S business in <br /> the area above mentioned, CITY shall not be released from its <br /> obligations hereunder~ provided, however, that as to any such <br /> Property so damaged or destroyed, which loss is not fully covered <br /> by insurance, LCRA shall make repairs and replacements, at LCRA's <br /> expense. LCRA agrees that until the Closing Date, LCRA will <br /> maintain fire insurance on said Properties to the same extent as <br /> is now being maintained. <br /> 9.05 In the event the Closing Date is delayed beyond ninety <br /> (90) days through no fault of LCRA, and after CITY has sold bonds <br /> and received the proceeds to purchase the San Marcos District <br /> Electric Distribution System, LCRA shall be entitled upon demand <br /> to accrued interest at six percent (6%) per annum upon the amount <br /> provided in Section 5.01, which is the purchase price of the San <br /> Marcos District Electric Distribution System, commencing from the <br /> ninety-first (91st) day following the Closing Date. <br /> ARTICLE X <br /> REPRESENTATIONS AND WARRANTIES <br /> 10.01 LCRA represents and warrants to CITY as follows: <br /> (a) LCRA is a governmental agency duly created by and <br /> validly operating under and pursuant to the provisions of Chapter <br /> 7 of the General Laws enacted by the Forty-Third Legislature of <br /> the State of Texas, Fourth Called Session, as amended, and has the <br /> requisite power and authority to propose, approve and adopt the <br /> necessary resolution authorizing the sale of the Property <br /> 20. <br />