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vote of the majority of the members of both of the respective <br />governing boards majority of the members of both of the <br />respective governing boards of KANNAPOLIS and CABARRUS. <br /> <br /> 6. Warranties. KANNAPOLIS and CABARRUS hereby warrant and <br /> <br />represent that: <br /> <br /> (a) Execution of this Agreement and full performance of its <br />own obligations hereunder are fully authorized by law; <br /> <br /> (b) Each has complied or will comply with all procedures <br />necessary to render its execution of this Agreement and the <br />performance of its obligations hereunder as valid, legal and <br />binding acts of KANNAPOLIS and CABARRUS, respectively; and <br /> <br /> (c) Ail contracts for work to be done in connection with <br />the construction of the project will be performed in accordance <br />with the laws and regulations to which KANNAPOLIS and CABARRUS <br />are subject. <br /> <br /> 7. Miscellaneous. KANNAPOLiS and CABARRUS further say <br />that: <br /> <br /> (a) No failure or delays in exercising any rights hereunder <br />or the part of either party shall operate as a waiver thereof, <br />nor shall any single or partial exercise by either party of any <br />right hereunder preclude any other further exercise thereof or <br />the exercise of any other rights; <br /> <br /> (b) Ail representations and warranties made herein shall <br />survive the making of any payment or payments pursuant hereto; <br />and <br /> <br /> (c) Except as modified by separate written agreement of <br />KANNAPOLIS and CABARRUS and/or termination as provided herein, <br />this Agreement shall be binding upon and enure to the benefit of <br />KAN-NAPOLIS and CABARRUS, and their respective successors and <br />assigns. <br /> <br />/© <br /> <br /> <br />