Common use of Notice and Opinion of Counsel Clause in Contracts

Notice and Opinion of Counsel. (a) A copy of any opinion of counsel issued as described in Section 5.06 or Section 8.06 through Section 8.10 must be sent by the General Partner to SBA, together with (i) the written notice of the election of the Private Limited Partner or (ii) the written demand of the General Partner, to which the opinion relates. (b) An opinion rendered to the Partnership as provided in Section 5.06 or Section 8.06 through Section 8.10 will be deemed sufficient for the purposes of those Sections only if the General Partner and SBA each approve (i) the counsel rendering the opinion, and (ii) the form and substance of the opinion.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Capitala Finance Corp.), Limited Partnership Agreement (FIDUS INVESTMENT Corp), Limited Partnership Agreement (WQN, Inc.)

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Notice and Opinion of Counsel. (a) A copy of any opinion of counsel issued as described in Section 5.06 or Section 8.06 through Section 8.10 8.11 must be sent by the General Partner to SBA, together with (i) the written notice of the election of the Private Limited Partner or (ii) the written demand of the General Partner, to which the opinion relates. (b) . An opinion rendered to the Partnership as provided in Section 5.06 or Section 8.06 through Section 8.10 8.11 will be deemed sufficient for the purposes of those Sections only if the General Partner and SBA each approve (i) the counsel rendering the opinion, opinion and (ii) the form and substance of the opinion.

Appears in 2 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement

Notice and Opinion of Counsel. (a) A copy of any opinion of counsel issued as described in Section 5.06 5.6 or Section 8.06 8.6 through Section 8.10 must be sent by the General Partner to SBA, together with (i) the written notice of the election of the Private Limited Partner or (ii) the written demand of the General Partner, to which the opinion relates. (b) . An opinion rendered to the Partnership as provided in Section 5.06 5.6 or Section 8.06 8.6 through Section 8.10 will be deemed sufficient for the purposes of those Sections only if the General Partner and SBA each approve (i) the counsel rendering the opinion, and (ii) the form and substance of the opinion.

Appears in 1 contract

Samples: Limited Partnership Agreement

Notice and Opinion of Counsel. (a) A copy of any opinion of counsel issued as described in Section 5.06 5.6 or Section 8.06 8.6 through Section 8.10 [or Section 8.12] must be sent by the General Partner to SBA, together with (i) the written notice of the election of the Private Limited Partner or (ii) the written demand of the General Partner, to which the opinion relates. (b) . An opinion rendered to the Partnership as provided in Section 5.06 5.6 or Section 8.06 8.6 through Section 8.10 [or Section 8.12] will be deemed sufficient for the purposes of those Sections only if the General Partner and SBA each approve (i) the counsel rendering the opinion, and (ii) the form and substance of the opinion.

Appears in 1 contract

Samples: Limited Partnership Agreement

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Notice and Opinion of Counsel. (a) A copy of any opinion of counsel issued as described in Section 5.06 or Section 8.06 6.02 through Section 8.10 6.07 must be sent by the General Partner to SBA, together with (i) the written notice of the election of the Private Limited Partner or (ii) the written demand of the General Partner, to which the opinion relates. (b) An opinion rendered to the Partnership as provided in Section 5.06 or Section 8.06 6.02 through Section 8.10 6.07 will be deemed sufficient for the purposes of those Sections only if the General Partner and SBA each approve (i) the counsel rendering the opinion, and (ii) the form and substance of the opinion.

Appears in 1 contract

Samples: Limited Partnership Agreement (CapitalSouth Partners SBIC Fund III, L.P.)

Notice and Opinion of Counsel. (a) A copy of any opinion of counsel issued as described in Section 5.06 or Section 8.06 through Section 8.10 [or Section 8.12] must be sent by the General Partner to SBA, together with (i) the written notice of the election of the Private Limited Partner or (ii) the written demand of the General Partner, to which the opinion relates. (b) An opinion rendered to the Partnership as provided in Section 5.06 or Section 8.06 through Section 8.10 [or Section 8.12] will be deemed sufficient for the purposes of those Sections only if the General Partner and SBA each approve (i) the counsel rendering the opinion, and (ii) the form and substance of the opinion.

Appears in 1 contract

Samples: Limited Partnership Agreement

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