Common use of Opinion Letters Clause in Contracts

Opinion Letters. Lender shall have received a favorable, written opinion of counsel to Borrower, as to the transactions contemplated by this Agreement, to be in form and substance satisfactory to Lender and Lender's counsel, in their sole discretion.

Appears in 5 contracts

Samples: Loan and Security Agreement (Advanced Technical Products Inc), Loan and Security Agreement (Black Warrior Wireline Corp), Loan and Security Agreement (Advanced Technical Products Inc)

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Opinion Letters. Lender shall have received a favorable, written opinion of counsel to BorrowerBorrowers, as to the transactions contemplated by this Agreement, to be in form and substance satisfactory to Lender and Lender's counsel, in their sole discretion.

Appears in 1 contract

Samples: Loan and Security Agreement (Bayard Drilling Technologies Inc)

Opinion Letters. Lender shall have received a favorable, written --------------- opinion of counsel to Borrowerthe Loan Parties, as to the transactions contemplated by this Agreement, to be in form and substance satisfactory to Lender and Lender's counsel, in their sole discretiondiscretion addressed to Lender or accompanied by a written authorization from the Person delivering such legal opinion stating that Lender may rely on such opinion as though it was addressed to it.

Appears in 1 contract

Samples: Loan and Security Agreement (Avalon Community Services Inc)

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Opinion Letters. Lender shall have received a favorable, written opinion of counsel to Borrowerthe Loan Parties, as to the transactions contemplated by this Agreement, to be in form and substance satisfactory to Lender and Lender's counsel, in their sole discretiondiscretion addressed to Lender or accompanied by a written authorization from the Person delivering such legal opinion stating that Lender may rely on such opinion as though it was addressed to it.

Appears in 1 contract

Samples: Loan and Security Agreement (Avalon Community Services Inc)

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