Common use of Doing Business Opinion or Title Endorsement Clause in Contracts

Doing Business Opinion or Title Endorsement. For Hotel Properties located in such states as the Agent may designate, either (i) an opinion, dated the date of the inclusion of each such Hotel Property in the Secured Collateral Pool, of legal counsel acceptable to the Agent qualified to practice in the state in which such Hotel Property is located, or (ii) a doing-business endorsement to the title insurance policy required by Section 5.3 (j) hereof, each to the effect that neither the Agent nor any Lender shall be required to qualify to do business in such state or any political subdivision thereof or to become liable to pay any taxes in such state or any political subdivision thereof solely on account of the receipt of the security title or lien on such Hotel Property securing the Obligations, such opinion or endorsement to be satisfactory to the Agent, subject to practices customary in such state with respect to the scope and substance of such opinion or endorsement.