Opinion of Counsel for the Borrower. At the Facility Closing and when a lien on an Eligible Project is subsequently granted by the Borrower, the Lenders shall receive a written opinion of counsel for the Borrower and the Guarantor satisfactory in all respects to the Agent.
Appears in 2 contracts
Samples: Financing and Security Agreement (Alternative Living Services Inc), Financing and Security Agreement (Alternative Living Services Inc)
Opinion of Counsel for the Borrower. At the Facility Closing and when a lien on an Eligible Project is subsequently granted by the BorrowerBorrowers, the Lenders shall receive a written opinion of counsel for the Borrower Borrowers and the Guarantor satisfactory in all respects to the Agent.
Appears in 2 contracts
Samples: Financing and Security Agreement (American Retirement Corp), Financing and Security Agreement (American Retirement Corp)
Opinion of Counsel for the Borrower. At the Facility Closing and when a lien on an Eligible Project or Optional Collateral is subsequently granted by the BorrowerBorrower or a Guarantor Subsidiary, the Lenders shall receive a written opinion of counsel for the Borrower and the Guarantor and, if applicable, the Guarantor Subsidiary, satisfactory in all respects to the Agent.the
Appears in 1 contract
Samples: Financing and Security Agreement (Sunrise Assisted Living Inc)
