November 3, 1995Lease Agreement • November 6th, 1995 • United Illuminating Co • Electric services
In connection with the proposed issuance and sale by Meridian Trust Company, not in its individual capacity but solely as Owner Trustee (the "Owner Trustee") under a Trust Agreement with an equity investor (the "Trust Agreement"), of Seabrook 1 Secured Lease Obligation Bonds, such Bonds being secured by, among other things, an assignment of rentals under the Facility Lease, dated as of August 1, 1990, between the Owner Trustee, as Lessor, and The United Illuminating Company (the "Company"), as Lessee (the "Lease"), as proposed to be supplemented and amended by a Lease Supplement No. 1 thereto (the "Supplement") substantially in the form filed as Exhibit 4(e) to the registration statement on Form S-3 (the "Registration Statement") relating to such Bonds under the Securities Act of 1933, as amended, and in connection with the filing of the Registration Statement, we advise you that, in our opinion, when (i) the Supplement and the documents filed as Exhibits 4(c), (g), (k) and (m) to the
Exhibit 1 THE UNITED ILLUMINATING COMPANY UNDERWRITING AGREEMENT Seabrook 1 Secured Lease Obligation BondsUnderwriting Agreement • November 6th, 1995 • United Illuminating Co • Electric services • New York
amongRefunding Agreement • November 6th, 1995 • United Illuminating Co • Electric services • New York
November 3, 1995 The United Illuminating Company 157 Church Street New Haven, Connecticut 06506 Ladies and Gentlemen: In connection with the proposed issuance and sale by Meridian Trust Company, not in its individual capacity but solely as Owner...Facility Lease • November 6th, 1995 • United Illuminating Co • Electric services
In connection with the proposed issuance and sale by Meridian Trust Company, not in its individual capacity but solely as Owner Trustee (the "Owner Trustee") under a Trust Agreement with an equity investor (the "Trust Agreement"), of Seabrook 1 Secured Lease Obligation Bonds (the "Bonds"), such Bonds being secured by, among other things, an assignment of rentals to be paid by The United Illuminating Company (the "Company"), under the Facility Lease, dated as of August 1, 1990, between the Owner Trustee, as Lessor, and the Company, as Lessee, to be amended by Lease Supplement No. 1 thereto (such Facility Lease, as so amended, the "Lease"), and in connection with the filing on or about the date hereof of the registration statement on form S-3 (the "Registration Statement") relating to Bonds under the Securities Act of 1933, as amended, we advise you that, in our opinion, the obligations of the Company under the Lease to make the rental payments specified therein will be valid and binding
