Common use of Opinion of Counsel to the Borrower Clause in Contracts

Opinion of Counsel to the Borrower. (1) The Borrower has been duly incorporated and is validly existing as a not-for-profit cooperative association in good standing under the laws of the District of Columbia with corporate power and authority to execute and perform its obligations under the Bond Documents.

Appears in 12 contracts

Samples: , and Consolidated Bond Guarantee Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), , and Consolidated Bond Guarantee Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Series E Bond Guarantee Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

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Opinion of Counsel to the Borrower. (1) The Borrower has been duly incorporated and is validly existing as a not-for-profit cooperative association corporation in good standing under the laws of the District of Columbia with corporate power and authority to execute and perform its obligations under the Bond Documents.

Appears in 2 contracts

Samples: Pledge Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Series a Bond Guarantee Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

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