Opinion of Bond Counsel. There has been delivered to the Agent an opinion of Bond Counsel, dated the Date of Issuance and in form and substance satisfactory to the Agent, to the effect that the Bonds are legal, valid and binding obligations of the Issuer and that interest on the Bonds are exempt from Federal income taxes under existing statutes, and court decisions (with such exceptions as are satisfactory to the Agent), and covering such other matters as the Agent may reasonably request. The foregoing Condition Precedent initially was fulfilled on or about July 15, 1994.
Appears in 3 contracts
Samples: Credit, Reimbursement and Security Agreement (Multi Color Corp), Credit, Reimbursement and Security Agreement (Multi Color Corp), Credit, Reimbursement and Security Agreement (Multi Color Corp)
Opinion of Bond Counsel. There has been delivered to the Agent an opinion of Bond Counsel, dated the Date of Issuance and in form and substance satisfactory to the Agent, to the effect that the Bonds are legal, valid and binding obligations of the Issuer and that interest on the Bonds are exempt from Federal income taxes under existing statutes, and court decisions (with such exceptions as are satisfactory to the Agent), and covering such other matters as the Agent may reasonably request. The foregoing Condition Precedent initially was fulfilled on or about July 15, 1994.
Appears in 1 contract
Samples: Credit, Reimbursement and Security Agreement (Multi Color Corp)
