Common use of Opinion Letter Clause in Contracts

Opinion Letter. Bondowner Representative and Issuer shall have received (i) an original Bond Counsel approving and tax opinion for the Bonds, in form and content satisfactory to Bondowner Representative and Issuer, addressed to the Bondowner Representative and Issuer, and (ii) an opinion of Borrower’s Counsel addressed to Bondowner Representative and Issuer, in form and content satisfactory to Bondowner Representative and Issuer, which opinion shall state that Bondowner Representative’s successors and assigns as holder of the Note are permitted to rely on the opinion.

Opinion Letter. Bondowner Representative and Issuer shall have received (i) an original Bond Counsel approving and tax opinion for the Bonds, in form and content satisfactory to Bondowner Representative and Issuer, addressed to the Bondowner Representative and Issuer, and (ii) an opinion of BorrowerXxxxxxxx’s Counsel addressed to Bondowner Representative and Issuer, in form and content satisfactory to Bondowner Representative and Issuer, which opinion shall state that Bondowner Representative’s successors and assigns as holder of the Note are permitted to rely on the opinion.

Opinion Letter. Bondowner Representative and Issuer shall have received (i) an original Bond Counsel approving and tax opinion for the Bonds, in form and content satisfactory to Bondowner Representative and IssuerRepresentative, addressed to the Bondowner Representative and IssuerRepresentative, and (ii) an opinion of Borrower’s Counsel addressed to Bondowner Representative and IssuerRepresentative, in form and content satisfactory to Bondowner Representative and IssuerRepresentative, which opinion shall state that Bondowner Representative’s successors and assigns as holder of the Note are permitted to rely on the opinion.