Limitations on Opinion in Paragraph 2 Sample Clauses

Limitations on Opinion in Paragraph 2. With respect to our opinion in Paragraph 2 above, except for our examination of the documents and proceedings described above, we have undertaken no investigation to determine whether any other event has occurred that would or could have an adverse effect on the federal or State tax-exempt status of the Tax-Exempt Obligations or the interest thereon or the federal tax status of the 2010 BABs. This opinion is not intended to be an update or reissuance of the opinions rendered with respect to each of the Tax- Exempt Obligations and the 2010 BABs on their respective issue dates. It is noted that in connection with the issuance of the Tax-Exempt Obligations and the 2010 BABs, Xxxxxx Xxxxxx covenanted to continue to comply with the provisions of the Tax Code governing the investment and use of the proceeds of the Tax-Exempt Obligations and the 2010 BABs and the property financed or refinanced therewith to maintain the tax-exempt status of the interest on the Tax- Exempt Obligations and the tax status of the 2010 BABs (the “Covenants”). Failure by Xxxxxx Xxxxxx to comply with the Covenants could cause interest on the affected Tax-Exempt Obligations to become includable in gross income for federal income tax purposes or the 2010 BABs to lose their tax status retroactive to the issue date thereof.
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Related to Limitations on Opinion in Paragraph 2

  • Limitations on Subsequent Registration Rights From and after the date of this Agreement, the Company shall not, without the prior written consent of Holders holding a majority of the Registrable Securities enter into any agreement with any holder or prospective holder of any securities of the Company giving such holder or prospective holder any registration rights the terms of which are pari passu with or senior to the registration rights granted to the Holders hereunder.

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  • Conditions on Permitted Transfers In the event a Holder proposes to sell or transfer a Note, the Company may, but shall not be required to, impose reasonable conditions on such sale or transfer including, but not limited, to: (i) Notes may be transferred only in whole units, i.e., fractions of Notes may not be transferred; (ii) the transferee shall agree in writing to be bound by this Revenue Sharing Agreement; (iii) the transferor shall provide the Company with an opinion of counsel, satisfactory in form and substance to the Company’s counsel, stating that the transfer is exempt from registration under the Securities Act of 1933 and other applicable securities laws; and (iv) the transferor and transferee shall together pay in advance for any reasonable expenses the Company expects to incur in connection with the transfer, including attorneys’ fees.

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  • SPECIAL CONDITIONS ARTICLE I.1 - SUBJECT I.1.1. The subject of the Contract is [short description of subject].

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  • Terms and Conditions on Any Consent Any consent or approval that the LHIN may grant under this Agreement is subject to such terms and conditions as the LHIN may reasonably require.

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