Common use of Corporate Opinion Clause in Contracts

Corporate Opinion. BIZ shall have received the opinion of R&T, based upon reasonably requested certifications as to factual matters and dated the Closing Date, regarding the status, authority and capitalization of Litronic, the authorization of this Agreement and the transactions contemplated hereby by Litronic, and the binding effect of this Agreement on Litronic. The opinion shall be substantially similar to the opinion rendered by GCW&F with respect to BIZ as to the foregoing. Such opinion shall also confirm the validity of the shares issuable in the Merger and upon exercise of the Assumed Options and Assumed Warrants and shall be reasonably satisfactory to GCW&F.

Appears in 4 contracts

Samples: Merger Agreement (Shah Kris & Geraldine Family Trust), Merger Agreement (SSP Solutions Inc), Merger Agreement (SSP Solutions Inc)

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