Common use of Municipal Tax Exempt TOs Clause in Contracts

Municipal Tax Exempt TOs. In the event a Municipal Tax Exempt TO executes this Agreement in reliance upon this Section 2.3, it shall provide written notice thereof to the CAISO. Notwithstanding any other provision to the contrary herein, except for this Section 2.3, no other provisions of this Agreement shall become effective with respect to a Municipal Tax Exempt TO until such Municipal Tax Exempt TO’s nationally recognized bond counsel renders an opinion, generally of the type regarded as unqualified in the bond market, that participation in the CAISO Controlled Grid in accordance with this Agreement will not adversely affect the tax-exempt status of any Municipal Tax Exempt Debt issued by, or for the benefit of, the Municipal Tax Exempt TO. A Municipal Tax Exempt TO shall promptly seek, in good faith, to obtain such unqualified opinion from its bond counsel at the earliest opportunity. Upon receipt of such unqualified opinion, a Municipal Tax Exempt TO shall provide a copy of the opinion to the CAISO and all other provisions of this Agreement shall become effective with respect to such Municipal Tax Exempt TO as of the date thereof. If the Municipal Tax Exempt TO is unable to provide to the CAISO such unqualified opinion within one year of the execution of this Agreement by the Municipal Tax Exempt TO, without further act, deed, or notice this Agreement shall be deemed to be void ab initio with respect to such Municipal Tax Exempt TO.

Municipal Tax Exempt TOs. In the event a Municipal Tax Tax- Exempt TO executes this Agreement in reliance upon this Section 2.3, it shall provide written notice thereof to the CAISOISO. Notwithstanding any other provision to the contrary herein, except for this Section 2.3, no other provisions of this Agreement shall become effective with respect to a Municipal Tax Tax-Exempt TO until such Municipal Tax Tax-Exempt TO’s nationally recognized bond counsel renders an opinion, generally of the type regarded as unqualified in the bond market, that participation in the CAISO ISO Controlled Grid in accordance with this Agreement will not adversely affect the tax-exempt status of any Municipal Tax Tax-Exempt Debt issued by, or for the benefit of, the Municipal Tax Tax-Exempt TO. A Municipal Tax Tax-Exempt TO shall promptly seek, in good faith, to obtain such unqualified opinion from its bond counsel at the earliest opportunity. Upon receipt of such unqualified opinion, a Municipal Tax Tax-Exempt TO shall provide a copy of the opinion to the CAISO ISO and all other provisions of this Agreement shall become effective with respect to such Municipal Tax Tax-Exempt TO as of the date thereof. If the Municipal Tax Tax- Exempt TO is unable to provide to the CAISO ISO such unqualified opinion within one year of the execution of this Agreement by the Municipal Tax Tax-Exempt TO, without further act, deed, deed or notice this Agreement shall be deemed to be void ab initio with respect to such Municipal Tax Tax-Exempt TO.

Municipal Tax Exempt TOs. In the event a Municipal Tax Tax-Exempt TO executes this Agreement in reliance upon this Section 2.3, it shall provide written notice thereof to the CAISOISO. Notwithstanding any other provision to the contrary herein, except for this Section 2.3, no other provisions of this Agreement shall become effective with respect to a Municipal Tax Tax-Exempt TO until such Municipal Tax Tax-Exempt TO’s 's nationally recognized bond counsel renders an opinion, generally of the type regarded as unqualified in the bond market, that participation in the CAISO ISO Controlled Grid in accordance with this Agreement will not adversely affect the tax-exempt status of any Municipal Tax Tax-Exempt Debt issued by, or for the benefit of, the Municipal Tax Tax-Exempt TO. A Municipal Tax Tax-Exempt TO shall promptly seek, in good faith, to obtain such unqualified opinion from its bond counsel at the earliest opportunity. Upon receipt of such unqualified opinion, a Municipal Tax Tax-Exempt TO shall provide a copy of the opinion to the CAISO ISO and all other provisions of this Agreement shall become effective with respect to such Municipal Tax Tax-Exempt TO as of the date thereof. If the Municipal Tax Tax-Exempt TO is unable to provide to the CAISO ISO such unqualified opinion within one year of the execution of this Agreement by the Municipal Tax Tax-Exempt TO, without further act, deed, deed or notice this Agreement shall be deemed to be void ab initio with respect to such Municipal Tax Tax-Exempt TO.

Municipal Tax Exempt TOs. In the event a Municipal Tax Tax- Exempt TO executes this Agreement in reliance upon this Section 2.3, it shall provide written notice thereof to the CAISOISO. Notwithstanding any other provision to the contrary herein, except for this Section 2.3, no other provisions of this Agreement shall become effective with respect to a Municipal Tax Tax-Exempt TO until such Municipal Tax Tax-Exempt TO’s nationally recognized bond counsel renders an opinion, generally of the type regarded as unqualified in the bond market, that participation in the CAISO ISO Controlled Grid in accordance with this Agreement will not adversely affect the tax-exempt status of any Municipal Tax Tax-Exempt Debt issued by, or for the benefit of, the Municipal Tax Tax-Exempt TO. A Municipal Tax Tax-Exempt TO shall promptly seek, in good faith, to obtain such unqualified opinion from its bond counsel at the earliest opportunity. Upon receipt of such unqualified opinion, a Municipal Tax Tax-Exempt TO shall provide a copy of the opinion to the CAISO ISO and all other provisions of this Agreement shall become effective with respect to such Municipal Tax Tax-Exempt TO as of the date thereof. If the Municipal Tax Tax-Exempt TO is unable to provide to the CAISO ISO such unqualified opinion within one year of the execution of this Agreement by the Municipal Tax Tax-Exempt TO, without further act, deed, deed or notice this Agreement shall be deemed to be void ab initio with respect to such Municipal Tax Tax- Exempt TO.