Pending Legislation and Decisions. There is no amendment to the Constitution of the State, or to the knowledge of the Borrower, proposed amendment to the Constitution of the State that has passed either house of the legislature of the State or for which a petition with the requisite number of signatures has been filed with the Secretary of State of the State, or proposed amendment to any State law that has passed either house of the legislature of the State or for which a petition with the requisite number of signatures has been filed with the Secretary of State of the State, or any administrative interpretation of the Constitution of the State or any State law, or any legislation that has passed either house of the legislature of the State, or any judicial decision interpreting any of the foregoing, the effect of which could reasonably be expected to result in a Material Adverse Effect.
Pending Legislation and Decisions. There is no amendment, or to the knowledge of the Authority’s Executive Director, Chief Deputy Director or Deputy Director for Finance & Administration, proposed amendment to the Constitution of the State or any State law or any administrative interpretation of the Constitution of the State or any State law, or any legislation that has passed either house of the legislature of the State, or any judicial decision interpreting any of the foregoing, the effect of which will have a Material Adverse Effect or a Material Adverse Operational Effect.
Pending Legislation and Decisions. There is no amendment or, to the knowledge of the Authority, proposed amendment to the Constitution of the State or any administrative interpretation of the Constitution of the State or any State law, or any judicial decision interpreting any of the foregoing, the effect of which could reasonably be expected to have a material adverse effect on the Notes, the security for the Notes and the Bank Note or the Authority’s obligations hereunder or under any of the other Transaction Documents, or the Authority’s ability to repay when due its obligations under this Agreement, the Notes, the Bank Note and the other Transaction Documents.
Pending Legislation and Decisions. There is no amendment, or to the knowledge of the County, proposed amendment to the Constitution of the State or any State law or any administrative interpretation of the Constitution of the State or any State law, or any legislation that has passed either house of the legislature of the State, or any judicial decision interpreting any of the foregoing, the effect of which will materially and adversely affect the issuance of any of the Bonds, the security for any of the Bonds or any Obligation, the creation, organization, or existence of the County or the titles to office of any officers executing this Agreement or any Related Documents to which the County is a party or the County’s ability to repay when due its obligations under this Agreement, any of the Bonds or any other Obligation.
Pending Legislation and Decisions. There is no amendment, or to the knowledge of the Commission, proposed amendment to the Constitution of the State or any State law or any administrative interpretation of the Constitution of the State or any State law, or any legislation that has passed either house of the legislature of the State, or any judicial decision interpreting any of the foregoing, the effect of which will materially adversely affect the issuance of any of the Bonds, the execution and delivery of the Bank Note, the security for any of the Bonds, the Bank Note, the Term Loan or any Obligations, the creation, organization, or existence of the Commission or the titles to office of any officers executing this Agreement or any Related Documents to which the Commission is a party or the Commission’s ability to repay when due its obligations under this Agreement, any of the Bonds, the Bank Note, the Term Loan or any other Obligation.
Pending Legislation and Decisions. There is no amendment or, to the knowledge of the Authority, proposed amendment to the Constitution of the State or any administrative interpretation of the Constitution of the State or any State law (including the Authorizing Law and Authorizing Regulations), or any judicial decision interpreting any of the foregoing, the effect of which could reasonably be expected to have a material adverse effect on the Notes, the security for the Notes and the Bank Note or the Authority’s obligations hereunder or under the Fee Agreement or under any of the other Transaction Documents, or the Authority’s ability to repay when due its obligations under this Agreement, the Notes, the Bank Note or other Transaction Documents.
Pending Legislation and Decisions. Except as otherwise disclosed in the Master Disclosure Statement and the Supplemental Disclosure Statement and Offering Memorandum, there is no amendment, or to the knowledge of DART, proposed amendment certified for placement on a statewide ballot, to the Constitution of the State of Texas or any published administrative interpretation of the Constitution of the State of Texas or any state law or, any published judicial decision interpreting any of the foregoing, the effect of which is to materially adversely affect the ability of DART to issue issuance of any of the Commercial Paper Notes, the security for any of the Commercial Paper Notes or DART’s obligations hereunder, or DART’s ability to repay when due its obligations under this Agreement, any of the Loan Notes, and the Commercial Paper Documents.
Pending Legislation and Decisions. To the knowledge of the Parent Corporation, on behalf of itself and the other Members of the Obligated Group, except for any pending changes and challenges to the property tax and sales and use tax exemptions affecting the Obligated Group’s Property and operations in the State of Wisconsin and the State of Illinois, as to which no determination of materiality has been made, and except for legislation and decisions relating to COVID-19, there is no amendment, or to the knowledge of any Member of the Obligated Group, proposed amendment to the Constitution of the State of Wisconsin or the State of Illinois, or any state law or any administrative interpretation of any such Constitution or law, or any legislation that has passed either house of the legislature of the State of Wisconsin or the State of Illinois or any judicial decision interpreting any of the foregoing, the effect of which could reasonably be expected to result in a Material Adverse Effect.
Pending Legislation and Decisions. There is no amendment, or to the knowledge of the City, proposed amendment to the Constitution of the State of California, or any state law or any administrative interpretation of any such Constitution or law, or any legislation that has passed either house of the legislature of the State of California or any judicial decision interpreting any of the foregoing, the effect of which will materially adversely affect the issuance of any of the Bonds, the security for any of the Bonds or the Obligations owed to the Bank hereunder or under any of the Related Documents, or the City’s ability to repay when due its obligations under this Agreement and the Related Documents.
Pending Legislation and Decisions. To the best knowledge of the Borrower, there is no proposed amendment to the Constitution of the State or any proposed legislation pending before the legislature of the State, or any proposed proposition or referendum or other ballot initiative, the effect of which could reasonably be expected to adversely affect (a) the issuance of, or security for, any of the Bonds, (b) the rights or remedies of the Purchaser or of any Owner of the Bonds, or (c) the power or ability of the Borrower to perform its obligations hereunder or under any of the Related Documents including, without limitation, the Borrower’s ability to repay when due its obligations under this Agreement, any Related Document or any of its Material Debt.
