Opinion of FAA Counsel. 5.01. On the date of closing the purchase of the Aircraft hereunder, Buyer shall have received an opinion of Xxxxx & Xxxxxxx, P.C., Oklahoma City, Oklahoma, as to matters related to the filing and recordation system of the FAA, including Seller's title to the airframe, the absence of liens on the airframe and engines, (except for any and all liens or encumbrances created by Buyer or as the result of Buyer operating the Aircraft) certain documents being in proper form for filing and having been filed for recordation with the FAA and such other matters as are appropriate and customary for the transactions contemplated hereby. Such opinion shall be dated as of the date of closing.
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Samples: Aircraft Purchase Agreement (American Income Partners Iii-a Limited Partnership), Aircraft Purchase Agreement (American Income Partners Iii-D Limited Partnership), Aircraft Purchase Agreement (American Income Partners Iv B Lp)
