Opinion of Recipient Counsel. [Applicable to any Assistance in the form of a Financial Assistance equity investment; secondary capital, deposit or any combination thereof.] Unless otherwise determined by mutual agreement of the CDFI Fund and the Recipient, the CDFI Fund shall have received from counsel for the Recipient prior to Closing, or as required by the CDFI Fund prior to a Subsequent Payment, a favorable opinion satisfactory in scope, form, and substance to the CDFI Fund and the CDFI Fund counsel, with respect to the matters set forth on Schedule 3-B and any other matters incident to the transactions contemplated hereby as the CDFI Fund may require.
Appears in 5 contracts
Samples: Assistance Agreement (Shared Capital Cooperative), Performance Goals and Reporting, Performance Goals and Reporting
