Res 2012-033 - Laserfiche WebLink

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(b) funds equivalent in value to the applicable percentage in Section 3.02 are appropriated for the specific purpose of making a Grant Payment as part of the City's ordinary budget and appropriations approval process. Provided the events in subsections (a) and (b) of this Section have been satisfied and Owner is otherwise in compliance with this Agreement, the City shall pay to Owner any Grant Payments due for the applicable fiscal year of the City within 60 days after the submission by Owner of a written request for payment, together with proof of full payment of the City's share of ad valorem taxes for the applicable year. ARTICLE IV REPRESENTATIONS AND WARRANTIES OF OWNER The Owner represents and warrants to the City, as follows: Section 4.01. Organization. The Owner is a business entity duly organized, validly existing and in good standing under the laws of the state of formation and is authorized to conduct business in the State of Texas and to conduct the activities under this Agreement. Section 4.02. Authority. The execution, delivery and performance by the Owner of this Agreement are within the Owner's powers and have been duly authorized by all necessary action of the Owner. Section 4.03. No Defaults. The Owner is current in its obligation to pay taxes to the City, and is not in default in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any agreement with the City. Section 4.04. Full Disclosure. Neither this Agreement nor any schedule or exhibit attached hereto in connection with the negotiation of this Agreement contains any untrue statement of a material fact or omits to state any material fact necessary to keep the statements contained herein or therein, in the light of the circumstances in which they were made, from