Common use of Trustee’s Reliance Clause in Contracts

Trustee’s Reliance. The Trustee may rely, and shall be protected in relying, upon a Certificate of the Agency and an opinion of counsel stating that all requirements of this Indenture relating to the amendment or modification hereof have been satisfied and that such amendments or modifications do not materially adversely affect the interests of the Owners.

Appears in 2 contracts

Samples: docs.sandiego.gov, dockets.sandiego.gov

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Trustee’s Reliance. The Trustee may conclusively rely, and shall be is protected in relying, upon a Certificate of the Successor Agency and an opinion of counsel Bond Counsel stating that all requirements of this Indenture relating to the amendment or modification hereof have been satisfied and that such amendments or modifications do not materially adversely affect the interests of the Bond Owners.

Appears in 1 contract

Samples: www.palmspringsca.gov

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Trustee’s Reliance. The Trustee may conclusively rely, and shall be is protected in relying, upon a Written Certificate of the Successor Agency and an opinion of counsel Bond Counsel stating that all requirements of this Indenture relating to the amendment or modification hereof have been satisfied and that such amendments or modifications do not materially adversely affect the interests of the Bond Owners.

Appears in 1 contract

Samples: Bond Purchase Agreement

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