This excerpt taken from the MTA 20-F filed May 11, 2005.
6.1 Purchaser hereby represents and warrants that:
a. It has been duly incorporated and is validly existing and has the requisite power and authority to enter into this Agreement and perform its obligations hereunder;
b. Neither the execution of this Agreement by Purchaser nor the consummation of the transaction as contemplated by this Agreement will violate, conflict with or result in the breach of any term, limitation in or provision of, or constitute a default under the constitutional
documents of Purchaser or violate any order, writ, injunction, decree, statute, rule or regulation applicable to the Purchaser.