Opinion Letter Clause Samples
An Opinion Letter clause requires one party, typically a legal counsel, to provide a formal written statement expressing their professional judgment on specific legal matters related to the agreement. This letter may address issues such as the enforceability of the contract, the authority of the parties to enter into the agreement, or compliance with applicable laws. By obtaining an opinion letter, parties gain assurance regarding the legal validity and risks associated with the transaction, thereby reducing uncertainty and facilitating informed decision-making.
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Opinion Letter. It shall be the Company's responsibility to take all necessary actions and to bear all such costs to issue the Common Stock as provided herein, including the responsibility and cost for delivery of an opinion letter to the transfer agent, if so required. The person or entity in whose name the certificate of Common Stock is to be registered shall be treated as a shareholder of record on and after the conversion date. Upon surrender of any Debentures that are to be converted in part, the Company shall issue to the Holder a new Debenture equal to the unconverted amount, if so requested in writing by Holder.
Opinion Letter. Borrower shall deliver to Lender on the Closing Date an opinion letter from counsel relating to Lender's security interest being perfected by the delivery of certificates evidencing equity interests or by the filing of the UCC-1 Financing Statement with the Delaware Secretary of State.
Opinion Letter. A favorable opinion from a law firm representing Borrower covering such matters as Lender may require.
Opinion Letter. The Administrative Agent shall have received an opinion of ▇▇▇▇▇▇, ▇▇▇▇ & ▇▇▇▇▇▇▇▇ LLP, counsel to the Borrower and the Parent Guarantor, addressed to the Administrative Agent and the Lenders.
Opinion Letter. Notwithstanding anything herein to the contrary, no Venturer may sell, transfer, assign, or gift any interest in the Joint Venture without first presenting to the Managing Venturer a written opinion of counsel (in form and substance acceptable to the Managing Venturer) to the effect that such sale, transfer, assignment or conveyance will not result in a termination of the Joint Venture within the meaning of Code section 708(b).
Opinion Letter. A legal opinion or opinions from counsel for Borrower and Guarantors, in form and substance reasonably acceptable to Administrative Agent and Administrative Agent’s counsel.
Opinion Letter. Opinion Letter means an IRS issued letter as to the acceptability of the form of a Prototype Plan as defined in Section 4.06 of Rev. Proc. 2005-16.
Opinion Letter. An opinion letter from counsel to the Borrower and the Guarantors in form and substance acceptable to Lender;
Opinion Letter. Prior to the Commercial Operation Date or Initial Delivery Date, as applicable, Seller shall submit to Avista an opinion letter signed by an attorney admitted to practice and in good standing in the state where the Facility is located providing an opinion that Seller’s licenses, permits, and approvals as set forth in Section 5.1.4 above are legally and validly issued, are held in the name of the Seller, and based on a reasonable independent review, counsel is of the opinion that Seller is in substantial compliance with said permits as of the date of such opinion letter. The opinion letter will be in form and substance reasonably acceptable to Avista and will acknowledge that the attorney rendering such opinion understands that Avista is relying on said opinion.
Opinion Letter. The Purchaser shall have received from Skadden, Arps, Slate, M▇▇▇▇▇▇ & F▇▇▇ LLP, counsel to Toshiba, a written opinion, dated as of the Closing Date and addressed to the Purchaser, substantially addressing the matters set forth in Exhibit A hereto, and a reliance letter specifically permitting the initial purchasers of the Bonds (as defined in Section 10.12) to rely on such opinions to the extent of (i) Section 1 of Exhibit A and (ii) Sections 2,3 and 4 of Exhibit A as they pertain to the Put Agreement.