Common use of Opinion of Local Currency Borrowers' Counsel Clause in Contracts

Opinion of Local Currency Borrowers' Counsel. The Administrative Agent shall have received the favorable opinion of Local Currency Borrowers' counsel with respect to the validity and binding transfer of the Assigned Local Currency Receivables and other related matters addressed to the Administrative Agent and the Lenders in form satisfactory to the Administrative Agent.

Opinion of Local Currency Borrowers' Counsel. The Administrative Agent shall have received the favorable opinion of counsel for the Local Currency Borrowers' counsel with respect to the validity and binding transfer of the Assigned Local Currency Receivables and other related matters Borrowers addressed to the Administrative Agent and the Lenders in form reasonably satisfactory to the Administrative Agent.