Reliance on Opinion of Counsel. The Trustee shall, before taking any action under this Article XI, be entitled to receive an Opinion of Counsel, stating the legal effect of such action, the steps necessary to consummate the same and to perfect the Trustee's priority with respect to any Lien in connection therewith and that such action will not be in contravention of the provisions thereof or this Indenture and such opinion shall be full protection to the Trustee for any action taken or omitted to be taken in reliance thereon.
Reliance on Opinion of Counsel. The Escrow Agent hereunder shall be entitled to rely upon the advice of its counsel in any action taken in its capacity as Escrow Agent hereunder and shall be protected from any liability of any kind for actions taken in reasonable reliance upon such opinion of its counsel.
Reliance on Opinion of Counsel. The Trustee shall be fully protected in taking any action under this Article Fourteen or omitting to take any action, in reliance upon an Opinion of Counsel, or in the case of Section 1405, an opinion of outside counsel to the Company and the Guarantors.
Reliance on Opinion of Counsel. The Trustee, subject to the provisions of Section 7.01, shall be entitled to receive, and shall be fully protected in relying upon, an Opinion of Counsel as conclusive evidence that any supplemental indenture executed pursuant to this Article is authorized or permitted by, and conforms to, the terms of this Article and that it is proper for the Trustee under the provisions of this Article to join in the execution thereof.
Reliance on Opinion of Counsel. The Trustee shall, before taking any action under this Article Thirteen, be entitled to receive an Opinion of Counsel, stating the legal effect of such action, and that such action will not be in contravention of the provisions hereof, and such opinion shall be full protection to the Trustee for any action taken or omitted to be taken in reliance thereon.
Reliance on Opinion of Counsel. The Trustee will, before taking any action under this Article 10, be entitled to receive an Opinion of Counsel, stating the legal effect of such action, and that such action will not be in contravention of the provisions hereof or of the Collateral Documents. Any such opinion will be full protection to the Trustee for any action taken or omitted to be taken in reliance thereon.
Reliance on Opinion of Counsel. The Trustee and the Board of Directors may, in the performance of any of its duties hereunder or in the taking of any action with respect to the Trust or this Trust Agreement, rely upon the advice of counsel selected and employed by the Trustee. The opinion of any such counsel with respect to the construction of this Trust Agreement or the rights, obligations and powers of any person affected hereby shall constitute full protection and be a justification to the Trustee and the Board of Directors for any action taken by the Trustee or the Board of Directors in good faith in reliance on such opinion.
Reliance on Opinion of Counsel. The Collateral shall, before taking any action under this Article 10, be entitled to receive an Opinion of Counsel, stating the legal effect of such action, the steps necessary to consummate the same and to perfect the priority of the Collateral Agent (as agent for the Holders) with respect to a Lien and that such action will not be in contravention of the provisions
Reliance on Opinion of Counsel. The Stockholders' Agent hereunder shall be entitled to rely upon the advice of counsel in any action taken in such individual's capacity as Stockholders' Agent hereunder and shall be protected from any liability of any kind for actions taken in reasonable reliance upon such opinion of such counsel.
Reliance on Opinion of Counsel. The Bondowner Representative and the Issuer shall be entitled to rely upon an opinion of Counsel stating that a Supplemental Pledge Agreement is authorized or permitted by this Pledge Agreement, and prior to the execution and delivery of any Supplemental Pledge Agreement, the Bondowner Representative, the Issuer, the Servicer shall be furnished with an opinion of Bond Counsel stating that the provisions of such Supplemental Pledge Agreement will not cause the interest on the Bonds to be includable in gross income of Owners (other than an Owner who is a “substantial user” of the Project or a “related person” to a “substantial user,” as defined in Section 147(a) of the Code) for purposes of federal income taxation.
