Common use of Dealings with Grantors Clause in Contracts

Dealings with Grantors. (a) Upon any application or demand by any Grantor to the Collateral Trustee to take or permit any action under any of the provisions of any Collateral Document, such Grantor shall furnish to the Collateral Trustee a certificate signed by a Responsible Officer of such Grantor and, if requested by the Collateral Trustee, an opinion of counsel to the Grantor stating that all conditions precedent, if any, provided for in any Collateral Document relating to the proposed action have been complied with, except that in the case of any such application or demand as to which the furnishing of such documents is specifically required by any provision of any Collateral Document, relating to such particular application or demand no additional certificate or opinion need be furnished.

Dealings with Grantors. (a) Upon any application or demand by any Grantor to the Collateral Trustee to take or permit any action under any of the provisions of any Shared Collateral Document, such Grantor shall furnish to the Collateral Trustee a certificate signed by a Responsible Officer of such Grantor and, if requested by the Collateral Trustee, an opinion of counsel to the Grantor stating that all conditions precedent, if any, provided for in any Shared Collateral Document and each Secured Debt Instrument relating to the proposed action have been complied with, except that in the case of any such application or demand as to which the furnishing of such documents is specifically required by any provision of any Shared Collateral Document, relating to such particular application or demand no additional certificate or opinion need be furnished.