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or by which it is bound; nor will its execution and delivery result in the imposition <br />of any lien on its property. <br />C. The Company has duly authorized, executed, and delivered this Agreement, and <br />to the Company's knowledge, this Agreement constitutes its legal, valid, and <br />binding obligations, enforceable in accordance with its terms. <br />To the Company's knowledge, there is no litigation or proceeding pending or, to <br />its knowledge, threatened against the Company, which would adversely affect the <br />validity of this Agreement. <br />The County represents as of the date of this Agreement as follows: <br />A. At the time of execution of this Agreement, the County (i) has full power and <br />authority to enter into this Agreement and to enter into and carry out the <br />transactions contemplated by this Agreement; (ii) by proper action has duly <br />authorized the execution and delivery of this Agreement; and (iii) is not in default <br />under any provisions of this Agreement. <br />B. The County has duly authorized, executed, and delivered this Agreement, and this <br />Agreement constitutes the County's legal, valid, and binding obligation, <br />enforceable in accordance with its terms. <br />C. To the County's knowledge, there is no litigation or proceeding pending or <br />threatened against the County or affecting it which would adversely affect the <br />validity of this Agreement. <br />D. To the best of the County's knowledge at the time of execution of this Agreement, <br />the County is not in default under any provision of State law which would affect <br />its existence or its powers. <br />E. To the best of the County's knowledge at the time of execution of this Agreement, <br />no official of the County has any interest (financial, employment, or other) in the <br />Company or the transactions contemplated by this Agreement. <br />F. With respect to this Agreement, County has complied fully with all requirements <br />ofN.C. General Statutes §158 -7.1, to the County's ability and knowledge. <br />NO PROVISION OF THIS AGREEMENT SHALL BE CONSTRUED OR <br />INTERPRETED AS CREATING A PLEDGE OF THE FAITH AND CREDIT OF THE <br />COUNTY WITHIN THE MEANING OF ANY CONSTITUTIONAL DEBT <br />LIMITATION. NO PROVISION OF THIS AGREEMENT SHALL BE <br />CONSTRUED OR INTERPRETED AS DELEGATING GOVERNMENTAL POWERS <br />NOR AS A DONATION OR A LENDING OF THE CREDIT OF THE COUNTY <br />WITHIN THE MEANING OF THE STATE CONSTITUTION. THIS AGREEMENT <br />Pag@46442 number 2 \n <br />G -1 Page 160 <br />