Common use of Opinion of Bond Counsel Clause in Contracts

Opinion of Bond Counsel. The Trustee may require that the Borrower deliver to the Trustee at the Borrower’s expense an opinion of Bond Counsel upon which the Trustee may rely to the effect that any amendment, change or modification of the Agreement is permitted by applicable law and will not adversely affect the tax-exempt status of interest on the Bonds and that such amendment, change or modification complies with the terms and provisions of the Agreement and this Indenture.

Appears in 2 contracts

Samples: Trust Indenture (First United Ethanol LLC), Trust Indenture (First United Ethanol LLC)

AutoNDA by SimpleDocs

Opinion of Bond Counsel. The Trustee may require that the Borrower deliver to the Trustee at the Borrower’s expense an opinion of Bond Counsel upon which the Trustee may rely to the effect that any amendment, change or modification of the Agreement a supplemental indenture is permitted by applicable law and will not adversely affect the tax-exempt status of the interest on the Bonds and that such amendment, change or modification supplemental indenture complies with the terms and provisions of the Agreement and this Indenture.

Appears in 1 contract

Samples: Trust Indenture (First United Ethanol LLC)

AutoNDA by SimpleDocs

Opinion of Bond Counsel. The Trustee may require that the Borrower deliver to the Trustee at the Borrower’s expense an opinion of Bond Counsel upon which the Trustee may rely to the effect that any amendment, change or modification of the Agreement a supplemental indenture is permitted by applicable law and will not adversely affect the tax-exempt status of interest on the Bonds and that such amendment, change or modification supplemental indenture complies with the terms and provisions of the Agreement and this Indenture.

Appears in 1 contract

Samples: Trust Indenture (First United Ethanol LLC)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!