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there is no basis for any action, suit, proceeding, inquiry or investigation of the nature described in clauses (i) through (iv) of this sentence. (g) The Bonds are legally valid and binding obligations of the Authority, entitled to the benefits of the Authority, entitled to the benefits of the Indenture and enforceable in accordance with their terms, except as enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws or equitable principles relating to or limiting creditors' rights generally, and the Indenture provides, for the benefit of the owners from time to dine of the Bonds, a legally valid and binding pledge of and lien on the funds and accounts pledged to such Bonds under the Indenture and the revenues pledged to such funds and accounts under the Indenture as provided in and contemplated by the Indenture. (h) All authorizations, approvals, licenses, permits, consents and orders of or filings with any governmental authority, legislative body, board, agency or commission having jurisdiction in the matters which are required for the due authorization of, which would constitute a condition precedent to or the absence of which would adversely affect the due performance by the Authority of its obligations in connection with, the Authority Documents have been duly obtained or made, except as may be required under the Blue Sky or securities laws of any state in connection with the offering and sale of the Bonds. (i) The representations, warranties and covenants of the Authority contained in the Purchase Contract are true and correct in all material respects on and as of the date hereof with the same effect as if made on the date hereof. (j) The Authority has complied with all the agreements and satisfied all of the conditions on its part to be performed or satisfied at or prior to the date hereof. LA1-69935.2 3