Non-Consolidation Opinion. New Borrower will comply with each of the assumptions made with respect to it in that certain substantive non-consolidation opinion letter, dated the date hereof, delivered by New Borrower’s counsel in connection with the Requested Actions (the “Non-Consolidation Opinion”), including but not limited to, any exhibits attached hereto, any certificates referred to therein and any subsequent non-consolidation opinion delivered in accordance with the terms and conditions of the Security Instrument. New Borrower has caused and shall cause each entity other than the New Borrower with respect to which an assumption is made in the Non-Consolidation Opinion, including but not limited to, any exhibits attached thereto, and to comply with each of the assumptions made with respect to it in the Non-Consolidation Opinion, including, but not limited to, any exhibits attached thereto, and any certificates referred to therein. All of the assumptions made in the Non-Consolidation Opinion, including, but not limited to, any exhibits attached thereto, and any certificates referred to therein are true and correct.
Non-Consolidation Opinion. The Seller shall not take any action contrary to any assumption as to Seller set forth in any legal opinion delivered with respect to bankruptcy non-consolidation matters in connection with the Transaction Documents.
Non-Consolidation Opinion. Borrower has complied and will comply with each of the assumptions made with respect to it in that certain substantive non-consolidation opinion letter, dated the date hereof, delivered by Borrower's counsel in connection with the Loan and any subsequent non-consolidation opinion delivered in accordance with the terms and conditions of this Security Instrument or the Cooperation Letter (the "Non-Consolidation Opinion"), including, but not limited to, any exhibits attached thereto. Borrower has caused and shall cause each entity other than the Borrower with respect to which an assumption is made in the Non-Consolidation Opinion, including, but not limited to, any exhibits attached thereto, to comply with each of the assumptions made with respect to it in the Non-Consolidation Opinion, including, but not limited to, any exhibits attached thereto.
Non-Consolidation Opinion. Borrower shall provide a bankruptcy non-consolidation opinion (“Non-Consolidation Opinion”) with respect to Borrower, its equity owners, Guarantor and such other parties as Lender may reasonably require, prepared by counsel and in form and substance as approved by Lender. All of the facts stated and all of the assumptions made in the Non-Consolidation Opinion, including, but not limited to, in any exhibits attached thereto, are true and correct in all respects. Borrower has complied with and will comply and will cause the compliance with all of the assumptions made with respect to Borrower in the Non-Consolidation Opinion.
Non-Consolidation Opinion. Hunton & Xxxxxxxx, Special New York counsel to the Owner Participant shall have delivered to the Rating Agencies a non-consolidation opinion, if requested by any Rating Agency, with respect to non-consolidation of the Owner Participant into its immediate parent.
Non-Consolidation Opinion. The Company shall deliver to each Buyer within ten (10) days after the First Closing Date, a reasoned legal opinion addressed to each Buyer from the Company's outside legal counsel in form, scope and substance reasonably satisfactory to such Buyer as to non-consolidation issues of the Company with the assets and liabilities of NRG (the "NON-CONSOLIDATION OPINION").
Non-Consolidation Opinion. A non-consolidation opinion was obtained for each Mortgagor or affiliated group of Mortgagors with respect to Mortgage Loans (or affiliated groups of Mortgage Loans) with an aggregate original principal balance in excess of $25,000,000.
Non-Consolidation Opinion. Borrower has conducted its business so that all of the assumptions made with respect to Borrower set forth in the non-consolidation opinion delivered in connection with the origination of the Loan (the “Original Non-Consolidation Opinion”) and in that certain bring-down non-consolidation opinion letter dated as of the Effective Date by Backenroth, Fxxxxxx & Kxxxxxx, LLP (the “Bring Down Opinion”), in connection with the Requested Actions (the Original Non-Consolidation Opinion, as updated by the Bring Down Opinion, the “New Non-Consolidation Opinion”) are true and correct in all material respects. Further, all of the factual assumptions in the New Non-Consolidation Opinion are true and correct in all material respects relating to Borrower or any of the other Borrower Parties.
Non-Consolidation Opinion. IUSA will obtain a legal opinion in customary form and substance, to the effect that, as a result of the ring-fencing measures it has implemented for UIL and its subsidiaries, a bankruptcy court would not consolidate the assets and liabilities of the SPE with those of IUSA, in the event of an IUSA bankruptcy, or the assets and liabilities of UIL or its subsidiaries with those of either the SPE or IUSA, in the event of a bankruptcy of the SPE or IUSA. In the event that such opinion cannot be obtained, IUSA will promptly implement such measures as are required to obtain such an opinion.
Non-Consolidation Opinion. Borrower has complied and will comply with each of the assumptions made with respect to its single purpose, bankruptcy remote nature as set forth in that certain substantive non-consolidation opinion letter, dated the date hereof, and the certificates contained in any Borrower's certificate referenced therein, delivered by Borrower's counsel in connection with the Loan and any subsequent non-consolidation opinion delivered in accordance with the terms and conditions of this Security Instrument or the Cooperation Letter (hereinafter defined) (the "NON-CONSOLIDATION OPINION"), including, but not limited to, any exhibits attached thereto. Each entity other than Borrower (excluding Lender parties) with respect to which an assumption is made in the Non-Consolidation Opinion, including, but not limited to, any exhibits attached thereto, has complied and will comply with each of the assumptions made with respect to it in the Non-Consolidation Opinion, including, but not limited to, any exhibits attached thereto.
