1987-11-09 Regular Meeting - Laserfiche WebLink

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e e ....... - at all times maintain and promptly and vigorously enforce its rights against any Participant which does not pay such charges when due. Sect ion 9.05 , The Au thori ty covenants and agrees to enforce diligently the provisions of the Water Sales Contracts and shall duly perform its covenants and agreements thereunder. The Authori ty shall not consent or agree to, or permit any rescission of or amendment to, any Water Sales Contract which will materially impair or adversely affect the rights of the Authority thereunder or the rights or security of the owners of any Bonds. Any action by the Authority in violation of the foregoing covenant and agreement shall be null and void as to the Authority and any other party to any Water Sales Contract. Sect ion 9.06 In any and all deal ing s between the Part ic ipants, the Authority covenants to act in a matter comporting with accepted standards of good faith and fair dealing. Section 9.07 The Authority covenants and agrees to abide by the terms of the conservation plan as adopted by the Authority, attached hereto as Exhibit D, and to monitor and require compliance by all Participants of said conservation plan. ARTICLE X Covenants of the City Section 10.01 The City represents and covenants that (a) it is duly authorized and empowered to enter into this Contract and (b) it has and will have, as long as any Bonds are outstanding, good right and lawful power to execute, deliver and perform its obligations under this Contract and to fix and collect rates and charges for the service provided by the City System sufficient to satisfy such obligations. Section 10.02 Notwi thstanding any term or provision hereof or in the Houston Contract to the contrary, the obligation of the City -30-