Common use of Filing, Recording and Opinions Clause in Contracts

Filing, Recording and Opinions. The Issuer shall comply with the provisions of Trust Indenture Act Sections 314(b) and 314(d), in each case following qualification of this Indenture pursuant to the Trust Indenture Act. Following such qualification, to the extent the Issuer is required to furnish to the Trustee an Opinion of Counsel pursuant to Trust Indenture Act Section 314(b)(2), the Issuer shall furnish such opinion not more than 60 but not less than 30 days prior to each September 30. Notwithstanding anything to the contrary herein, the Issuer and its Subsidiaries shall not be required to comply with all or any portion of Trust Indenture Act Section 314(d) if they determine, in good faith, that under the terms of that section and/or any interpretation or guidance as to the meaning thereof of the Commission or its staff, including “no action” letters or exemptive orders whether issued to the Issuer or any other Person, all or any portion of Section 314(d) of the Trust Indenture Act is inapplicable to the released Collateral. The Issuer’s right to rely on the above will be conditioned upon the Issuer’s delivering an Officer’s Certificate to the Trustee within 30 calendar days following the end of each six-month period beginning on June 15 and December 15 of each year, to the effect that all such releases and withdrawals during the preceding six-month period were in the ordinary course of the Issuer’s or the Guarantors’ business.

Appears in 5 contracts

Samples: Indenture (iHeartCommunications, Inc.), Indenture (Clear Channel Communications Inc), Indenture (Clear Channel Communications Inc)

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Filing, Recording and Opinions. The Issuer Company shall comply with the provisions of Trust Indenture Act Sections 314(b) and 314(d), in each case following qualification ) of this Indenture pursuant to the Trust Indenture Act. Following such qualification, to To the extent the Issuer Company is required to furnish to the Trustee an Opinion of Counsel pursuant to Section 314(b)(2) of the Trust Indenture Act Section 314(b)(2)Act, the Issuer Company shall furnish such opinion not more than 60 but not less than 30 within 120 days prior to after the end of each September 30fiscal year of the Company. Notwithstanding anything to the contrary herein, the Issuer Company and its Subsidiaries the Guarantors shall not be required to comply with all or any portion of Section 314(d) of the Trust Indenture Act Section 314(d) if they determine, in good faith, that under the terms of that section and/or any interpretation or guidance as to the meaning thereof of the Commission SEC or its staff, including “no action” letters or exemptive orders whether issued to the Issuer Company or any other Person, all or any portion of Section 314(d) of the Trust Indenture Act is inapplicable to the released Collateral. The IssuerCompany’s and the Guarantors’ right to rely on the above will be conditioned upon the Issuer’s Company delivering an Officer’s Certificate to the Trustee within 30 calendar days following the end of each six-month period beginning on June 15 and December 15 of each year, commencing on December 15, 2019, to the effect that all such releases and withdrawals during the preceding six-month period were in the ordinary course of the IssuerCompany’s or the Guarantors’ business.

Appears in 2 contracts

Samples: Indenture (iHeartMedia, Inc.), Indenture (Broader Media Holdings, LLC)

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Filing, Recording and Opinions. The Issuer shall Issuers will comply with the provisions of Trust Indenture Act Sections 314(b) and 314(d), in each case following qualification of this Indenture pursuant to the Trust Indenture Act. Following such qualification, to the extent the Issuer is Issuers are required to furnish to the Trustee an Opinion of Counsel pursuant to Trust Indenture Act Section 314(b)(2), the Issuer shall Company will furnish such opinion not more than 60 but not less than 30 days prior to each September 30December 31. Notwithstanding anything to the contrary herein, the Issuer Issuers and its Subsidiaries shall will not be required to comply with all or any portion of Trust Indenture Act Section 314(d) if they determine, in good faith, that under the terms of that section and/or any interpretation or guidance as to the meaning thereof of the Commission or its staff, including “no action” letters or exemptive orders whether issued to the Issuer Issuers or any other Person, all or any portion of Section 314(d) of the Trust Indenture Act is inapplicable to the released Collateral. The Issuer’s Issuers’ right to rely on the above will be conditioned upon the Issuer’s Issuers' delivering an Officer’s Certificate to the Trustee within 30 calendar days following the end of each six-month period beginning on June 15 and December 15 of each year, to the effect that all such releases and withdrawals during the preceding six-month period were in the ordinary course of the Issuer’s Issuers’ or the Guarantors’ business.

Appears in 1 contract

Samples: Indenture (PBF Energy Inc.)

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