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(q) No Material Adverse Change. Since the most current date of the information, financial <br />or otherwise, supplied by the City to the Assignees: <br />(i) There has been no change in the assets, liabilities, financial position or results <br />of operations of the City which might reasonably be anticipated to cause a Material <br />Adverse Effect. <br />(ii) The City has not incurred any obligations or liabilities which might <br />reasonably be anticipated to cause a Material Adverse Effect. <br />(iii) The City has not (A) incurred any material indebtedness, other than the <br />Lease Payments, and trade accounts payable arising in the ordinary course of the City's <br />business and not past due, or (B) guaranteed the indebtedness of any other person. <br />(r) Accuracy of Information. All information, reports and other papers and data furnished <br />by the City to the Assignees were, at the time the same were so furnished, complete and <br />accurate in all material respects and insofar as necessary to give the Assignees a true and <br />accurate knowledge of the subject matter and were provided in expectation of the Assignees' <br />reliance thereon in entering into the transactions contemplated by this Lease Agreement. No <br />fact is known to the City which has had or, so far as the City can now reasonably foresee, may <br />in the future have a Material Adverse Effect, which has not been set forth in the financial <br />statements previously furnished to the Assignees or in other such information, reports, papers <br />and data or otherwise disclosed in writing to the Assignees prior to the Closing Date. Any <br />financial, budget and other projections furnished to the Assignees by the City or its or their <br />agents were prepared in good faith on the basis of the assumptions stated therein, which <br />assumptions were fair and reasonable in light of the conditions existing at the time of delivery <br />of such financial, budget or other projections, and represented, and as of the date of this <br />representation, represent the City's best estimate of its future financial performance. No <br />document furnished nor any representation, warranty or other written statement made to the <br />Assignees in connection with the negotiation, preparation or execution of this Lease Agreement <br />contains or will contain any untrue statement of a material fact or omits or will omit to state <br />(as of the date made or furnished) any material fact necessary in order to make the statements <br />contained herein or therein, in light of the circumstances under which they were or will be <br />made, not misleading. <br />(s) Facility. The Facility complies with all applicable restrictive covenants, zoning <br />ordinances, building laws and other Applicable Laws (including without limitation, the <br />Americans with Disabilities Act, as amended). <br />Section 2.2. Covenants, Representations and Warranties of the Authority. The <br />Authority makes the following covenants, representations and warranties to the City as of the <br />date of the execution and delivery of this Lease Agreement: <br />(a) Due Organization and Existence. The Authority is a joint exercise of powers authority, <br />duly organized and existing under the laws of the State, has full legal right, power and <br />authority to enter into the Site and Facility Lease, this Lease Agreement and the Assignment <br />Agreement and to carry out and consummate all transactions on its part contemplated hereby <br />and thereby, and by proper action the Authority has duly authorized the execution and <br />delivery by the Authority of the Escrow Agreement, the Site and Facility Lease, this Lease <br />Agreement and the Assignment Agreement. <br />(b) Due Execution. The representative of the Authority executing the Escrow Agreement, <br />the Site and Facility Lease, this Lease Agreement and the Assignment Agreement is fully <br />-9- <br />