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12. Binding Obligation. The parties further represent and warrant that they have <br />taken all actions and obtained all authorizations, consents, and approvals as are a condition <br />precedent to their authority to execute this Agreement and that the Agreement constitutes a valid <br />and binding obligation on their part. Furthermore, in the event that for any reason the <br />conditions precedent to a party's authority to execute this Agreement have not been accomplished <br />in accordance with statutory requirement so their requkements, then the parties agree that they <br />will undertake whatever actions are necessary to fulfill the conditions precedent so that this <br />Agreement will be binding on all parties. <br /> <br /> 15. Method of.Amendment/Termination of Agreement. This Agreement may be <br />amended, modified (in whole or in part) or terminated only by an agreement in writing executed <br />in the same manner as this Agreement, and approved by a vote of the majority of the members <br />of each of the respective governing boards of Concord, Kannapolis, Harrisburg, Mt. Ple~ant, <br />and Cabarrus and the Authority. <br /> <br /> 16. Costs. The Authority agrees to bear all costs, expenses, and attorneys' fees <br /> <br />associated with this Agreement. <br /> <br /> IN WITNESS WI~REOF, Concord, <br />Cabarrus has executed ttfis Agreement this <br />executed this Agreement this ~ day of <br /> <br />ATTEST: <br /> <br /> Ka~anapolis, Harrisburg, Mt. Pleasant, and <br /> <br />. day of' ., 1992, and the Authority has <br /> , 1992. <br /> <br />CITY OF CONCORD <br />A Municipal Corporation <br /> <br />By: <br /> <br />Mayor of the City of Concord, <br /> North Carolina <br /> <br />City Clerk of the City of Concord, <br /> North Carolina <br /> <br /> <br />