Common use of Payment of Costs of Post-Issuance Tax Requirements and Indemnifications Clause in Contracts

Payment of Costs of Post-Issuance Tax Requirements and Indemnifications. Neither the County nor the Trustee is required to incur any cost in connection with any action taken related to the Post-Issuance Tax Requirements, it being the intent of the parties that all costs of the Post-Issuance Tax Requirements will be paid by, or immediately reimbursed by, the Corporation. With respect to all actions requested of the County by the Corporation involving Post-Issuance Tax Requirements, the County is entitled to recover from the Corporation all legal and other fees and expenses incurred and has all rights of indemnification against the Corporation generally contained in the Loan Agreement and the Indenture.

Appears in 1 contract

Sources: Tax Compliance Agreement

Payment of Costs of Post-Issuance Tax Requirements and Indemnifications. Neither the County nor the Trustee is required to incur any cost in connection with any action taken related to the Post-Post- Issuance Tax Requirements, it being the intent of the parties that all costs of the Post-Issuance Tax Requirements will be paid by, or immediately reimbursed by, the Corporation. With respect to all actions requested of the County by the Corporation involving Post-Issuance Tax Requirements, the County is entitled to recover from the Corporation all legal and other fees and expenses incurred and has all rights of indemnification against the Corporation generally contained in the Loan Agreement and the Indenture.

Appears in 1 contract

Sources: Tax Compliance Agreement