Common use of Opinion of Bond Counsel Clause in Contracts

Opinion of Bond Counsel. The City, the Developer and the Trustee may deviate from the provisions of this Tax Agreement if furnished with an Opinion of Bond Counsel to the effect that the proposed deviation will not adversely affect the validity of the Bonds or cause an Event of Taxability to occur. The City (to the extent within its power or direction), the Developer and the Trustee further agree to comply with any further or different instructions provided in an Opinion of Bond Counsel to the effect that the further or different instructions need to be complied with in order to maintain the validity of the Bonds or the exclusion from gross income of interest on the Bonds.

Opinion of Bond Counsel. The City, the Developer City and the Trustee may deviate from the provisions of this Tax Agreement if furnished with an Opinion of Bond Counsel addressed to each of them to the effect that the proposed deviation will not adversely affect the validity exclusion of interest on the Bonds or cause an Event of Taxability to occurfrom gross income for federal income tax purposes. The City (to the extent within its power or direction), the Developer and the Trustee further agree to will comply with any further or different instructions provided in an Opinion of Bond Counsel to the effect that the further or different instructions need to be complied with in order to maintain the validity of the Bonds or the exclusion from gross income of interest on the Bonds.

Opinion of Bond Counsel. The CityBoard, the Developer City and the Trustee may deviate from the provisions of this Tax Agreement if furnished with an Opinion of Bond Counsel to the effect that the proposed deviation will not adversely affect the validity exclusion of interest on the Bonds or cause an Event of Taxability to occurfrom gross income for federal income tax purposes. The City Board (to the extent within its power or direction), the Developer City and the Trustee further agree to comply with any further or different instructions provided in an Opinion of Bond Counsel to the effect that the further or different instructions need to be complied with in order to maintain the validity of the Bonds or the exclusion from gross income of interest on the Bonds.

Opinion of Bond Counsel. The City, the Developer and the Trustee City may deviate from the provisions of this Tax Agreement if furnished with an Opinion of Bond Counsel to the effect that the proposed deviation will not adversely affect the validity exclusion of interest on the Bonds or cause an Event of Taxability to occurfrom gross income for federal income tax purposes. The City (to the extent within its power or direction), the Developer and the Trustee further agree to will comply with any further or different instructions provided in an Opinion of Bond Counsel to the effect that the further or different instructions need to be complied with in order to maintain the validity of the Bonds or the exclusion from gross income of interest on the Bonds.