Opinions of Bond Counsel. On the Closing Date, Seller shall, at its sole cost and expense, cause to be delivered to Buyer, the opinions of Bond Counsel, dated as of the Closing Date, addressed to the indenture trustee and paying agent under the Existing Bonds, in form and substance reasonably satisfactory to Buyer and its counsel and the indenture trustee and paying agent, to the effect that the transactions contemplated hereby and by the Lease do notFinancing Documents and the Lease will not impair the tax-exempt status of the Existing Bonds or constitute either a taxable event or an event of default under any of the General ObligationExisting Bonds (as applicable, the “Bond Counsel G.O. Bond Opinion”) and the Revenue Bonds (the “Bond Counsel Revenue Bond Opinion”). The Bond Counsel
Appears in 4 contracts
Samples: Agreement for Purchase and Sale of Assets, Agreement for Purchase and Sale of Assets, Agreement for Purchase and Sale of Assets
