Certain Opinions Clause Samples
The 'Certain Opinions' clause defines which legal opinions are recognized or relied upon within the context of an agreement. Typically, this clause specifies that only opinions from designated legal counsel or regarding particular legal matters are valid for the purposes of the contract. For example, it may state that only opinions concerning the enforceability of the agreement or the authority of the parties are acceptable. The core function of this clause is to limit and clarify the scope of legal opinions that can be used, thereby reducing ambiguity and ensuring that all parties have a clear understanding of which legal assurances are considered binding or relevant.
Certain Opinions. Lender shall have received the opinions of counsel to Owner, Remainderman, if any, Tenant, Seller, Master Lease Guarantor and Residual Value Insurer, each dated the Closing Date and addressed to Lender, with respect to such matters as set forth in Exhibits F-1 through F-6 respectively, and as approved in final form and substance by Lender and its counsel.
Certain Opinions. The Issuer shall cause to be addressed to and delivered to the Insurer in respect of each new Class A Letter of Credit, legal opinions in substantially the form delivered on the Date of Issuance with respect to the initial Class A Letters of Credit.
Certain Opinions. On or within ten (10) Business Days following the date hereof, Servicer shall deliver (or cause to be delivered) to the Administrative Agent, favorable opinions, addressed to the Administrative Agent and each Purchaser, in form reasonably satisfactory to the Administrative Agent, covering such matters as the Administrative Agent may reasonably request, including, without limitation, (i) certain Delaware corporate and no conflict matters, (ii) certain organizational and New York enforceability matters, (iii) certain UCC creation and Delaware perfection matters and (iv) certain true sale and substantive consolidation matters.
Certain Opinions. The Company shall cause to be provided to the Representative, within 60 days of the Closing Date, the opinion of ▇▇▇▇▇ Lord LLP, counsel for the Company, the form of which is attached hereto as Exhibit A, as to certain matters concerning the Mortgages. The Representative, on behalf of the several Initial Purchasers, may, in its sole discretion, waive in writing the performance by the Company or any Guarantor of any one or more of the foregoing covenants or extend the time for their performance.