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Res 1986-128
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Res 1986-128
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8/28/2007 9:07:39 AM
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8/28/2007 9:07:39 AM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Purchase
Number
1986-128
Date
10/27/1986
Volume Book
83
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<br />the Closing Date, of all the representations and warranties made <br /> <br />by LCRA in this Agreement, provided that to the extent applicable, <br /> <br />any such certificate may include therein any exceptions or <br /> <br />qualifications necessary to make such representations and <br /> <br />warranties accurate in all material respects as of the Closing <br /> <br />Date¡ provided further, however, that in the event any such <br /> <br />certificate sets forth any such exception or qualification <br />(including, without limitation, any qualification or limitation <br /> <br />arising out of or related to any action, suit, inquiry or <br /> <br />proceeding affecting the Properties not set forth in the most <br /> <br />recent financial statements and audit report of LCRA delivered to <br /> <br />CITY at or prior to Closing), this condition to Closing shall not <br /> <br />be deemed to have been fulfilled, unless waived by CITY at or <br /> <br />prior to the <br /> <br />Closing. <br /> <br />In the event such exceptions or <br /> <br />qualifications constitute the occurrence of an event or matter set <br /> <br />forth in Articles VII, IX or XIV of this Agreement, Closing may be <br /> <br />extended by CITY as set forth therein. <br /> <br />(c) <br /> <br />LCRA shall have performed and complied with all <br /> <br />agreements, covenants and conditions required by this Agreement to <br /> <br />be performed or co~plied with by it prior to or at the Closing <br /> <br />provided for herein. <br /> <br />(d) <br /> <br />The General Counsel for LCRA shall have delivered <br /> <br />an opinion dated the Closing Date as to all the matters contained <br /> <br />within the representations and warranties relating to (1) the <br /> <br />organization of LCRA, (2) LCRA's ability relative to, and the <br /> <br />16. <br />
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