Power to Issue Bonds and Make Pledge

The Government represents and warrants that it is duly authorized pursuant to law to issue the Bonds and to enter into this COL4/6/2022 CH. 22 GENERAL FISCAL POLICIES AND CONTROLS Indenture and to pledge the Revenues and other assets purported to be pledged under this Indenture in the manner and to the extent provided in this Indenture. The Bonds and the provisions of this Indenture are and will be the legal, valid and binding limited obligations of the Government in accordance with their terms, and the Government, Trustee and Depositary shall at all times, to the extent permitted by law, defend, preserve and protect said pledge of Revenues and other assets and all the rights of the Bondholders under this Indenture against all claims and demands of all persons whomsoever.