Reliance on Opinion of Counsel. The Trustee shall, before taking any action under this Article XI, be entitled to receive an Opinion of Counsel at the expense of the Company, stating the legal effect of such action, and that such action will not be in contravention of the provisions hereof, and such opinion shall be full protection to the Trustee for any action taken or omitted to be taken in reliance thereon; provided, however, that the Trustee's action under this Article XI shall at all times be and remain subject to its duties and protections under Article VII.
Reliance on Opinion of Counsel. The Escrow Agent hereunder shall be entitled to rely upon the advice of its counsel in any action taken in its capacity as Escrow Agent hereunder and shall be protected from any liability of any kind for actions taken in reasonable reliance upon such opinion of its counsel.
Reliance on Opinion of Counsel. The Trustee shall be fully protected in taking any action under this Article Fourteen or omitting to take any action, in reliance upon an Opinion of Counsel, or in the case of Section 1405, an opinion of outside counsel to the Company and the Guarantors.
Reliance on Opinion of Counsel. The Trustee will, before taking any action under this Article V, be entitled to receive an Opinion of Counsel, stating the legal effect of such action, and that such action will not be in contravention of the provisions hereof or of the Collateral Security Documents. Any such opinion will be full protection to the Trustee for any action taken or omitted to be taken in reliance thereon.
Reliance on Opinion of Counsel. The Trustee, subject to the provisions of Section 7.01, shall be entitled to receive, and shall be fully protected in relying upon, an Opinion of Counsel as conclusive evidence that any supplemental indenture executed pursuant to this Article is authorized or permitted by, and conforms to, the terms of this Article and that it is proper for the Trustee under the provisions of this Article to join in the execution thereof.
Reliance on Opinion of Counsel. The Trustee shall, before taking any action under this Article Twelve or the Pledge Agreement, be entitled to receive an Opinion of Counsel, stating (a) the legal effect of such action, (b) the steps necessary to consummate the same and perfect the Trustee's security interest with respect to the Collateral, (c) that such action will not be in contravention of the provisions of this Indenture and (d) that such opinion shall be full protection to the Trustee for any action taken or not taken in reliance thereon. 75 152
Reliance on Opinion of Counsel. The Bondowner Representative and the Issuer shall be entitled to rely upon an opinion of Counsel stating that a Supplemental Pledge Agreement is authorized or permitted by this Pledge Agreement, and prior to the execution and delivery of any Supplemental Pledge Agreement, the Bondowner Representative, the Issuer, the Servicer shall be furnished with an opinion of Bond Counsel stating that the provisions of such Supplemental Pledge Agreement will not cause the interest on the Bonds to be includable in gross income of Owners (other than an Owner who is a “substantial user” of the Project or a “related person” to a “substantial user,” as defined in Section 147(a) of the Code) for purposes of federal income taxation.
Reliance on Opinion of Counsel. The Collateral shall, before taking any action under this Article 10, be entitled to receive an Opinion of Counsel, stating the legal effect of such action, the steps necessary to consummate the same and to perfect the priority of the Collateral Agent (as agent for the Holders) with respect to a Lien and that such action will not be in contravention of the provisions
Reliance on Opinion of Counsel. Trustee may rely upon the advice of counsel selected and employed by the Trustee. The opinion of any such counsel with respect to the construction of this Trust Agreement or the rights, obligations and powers of any person affected hereby, shall constitute full protection and be a justification to the Trustee for any action taken by the Trustee in good faith in reliance on such opinion.
Reliance on Opinion of Counsel. The Trustee and the Issuer shall be entitled to rely upon an opinion of Counsel stating that a Supplemental Indenture is authorized or permitted by this Indenture, and prior to the execution and delivery of any Supplemental Indenture, the Trustee, the Issuer and the Servicer shall be furnished with an opinion of Bond Counsel stating that the provisions of such Supplemental Indenture will not cause the interest on the Bond to be includable in gross income of the Owner for purposes of federal income taxation.
