Common use of Opinion of Tax Counsel for Company and the Operating Partnership Clause in Contracts

Opinion of Tax Counsel for Company and the Operating Partnership. On or prior to the date that the first Securities are sold pursuant to the terms of this Agreement, each time Securities are delivered to the Agent as principal on a Settlement Date, and as promptly as possible and in no event later than two (2) Trading Days of each Representation Date with respect to which the Company is obligated to deliver a certificate in the form attached hereto as Exhibit H for which no waiver is applicable, the Company shall cause to be furnished to the Agent a written opinion of Xxxxx Lord LLP, tax counsel for the Company and the Operating Partnership, dated the date that the opinion is required to be delivered, in the form attached hereto as Exhibit E, modified, as necessary, to relate to the Registration Statement and the Prospectus as then amended or supplemented; provided, however, that in lieu of such opinions for subsequent Representation Dates, such counsel may furnish the Agent with a letter to the effect that the Agent may rely on a prior opinion delivered under this Section 7(q) to the same extent as if it were dated the date of such letter (except that statements in such prior opinion shall be deemed to relate to the Registration Statement and the Prospectus as amended or supplemented at such Representation Date).

Appears in 2 contracts

Samples: Distribution Agreement (Ashford Hospitality Trust Inc), Equity Distribution Agreement (Braemar Hotels & Resorts Inc.)

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Opinion of Tax Counsel for Company and the Operating Partnership. On or prior to the date that the first Securities are sold pursuant to the terms of this Agreement, Agreement and each time Securities are delivered to the Agent as principal on a Settlement Date, and as promptly as possible and in no event later than two three (23) Trading Days of each Representation Date with respect to which the Company is obligated to deliver a certificate in the form attached hereto as Exhibit H E for which no waiver is applicable, the Company shall cause to be furnished to the Agent a written opinion of Xxxxx Lord Hunton & Xxxxxxxx LLP, tax counsel for the Company and the Operating Partnership, dated the date that the opinion is required to be delivered, in the form attached hereto as Exhibit ED-2, modified, as necessary, to relate to the Registration Statement and the Prospectus as then amended or supplemented; provided, however, that in lieu of such opinions for subsequent Representation Dates, such counsel may furnish the Agent with a letter to the effect that the Agent may rely on a prior opinion delivered under this Section 7(q7(p) to the same extent as if it were dated the date of such letter (except that statements in such prior opinion shall be deemed to relate to the Registration Statement and the Prospectus as amended or supplemented at such Representation Date).

Appears in 2 contracts

Samples: Equity Distribution Agreement (STAG Industrial, Inc.), Equity Distribution Agreement (STAG Industrial, Inc.)

Opinion of Tax Counsel for Company and the Operating Partnership. On or prior to the date that the first Securities are sold pursuant to the terms of this Agreement, each time Securities are delivered to the Agent as principal on a Settlement Date, and as promptly as possible and in no event later than two (2) Trading Days of each Representation Date with respect to which the Company is obligated to deliver a certificate in the form attached hereto as Exhibit H for which no waiver is applicable, the Company shall cause to be furnished to the Agent a written opinion of Xxxxxxx Xxxxx Lord Xxxxxx LLP, tax counsel for the Company and the Operating Partnership, dated the date that the opinion is required to be delivered, in the form attached hereto as Exhibit E, modified, as necessary, to relate to the Registration Statement and the Prospectus as then amended or supplemented; provided, however, that in lieu of such opinions for subsequent Representation Dates, such counsel may furnish the Agent with a letter to the effect that the Agent may rely on a prior opinion delivered under this Section 7(q) to the same extent as if it were dated the date of such letter (except that statements in such prior opinion shall be deemed to relate to the Registration Statement and the Prospectus as amended or supplemented at such Representation Date).

Appears in 2 contracts

Samples: Distribution Agreement (Ashford Hospitality Prime, Inc.), Distribution Agreement (Ashford Hospitality Trust Inc)

Opinion of Tax Counsel for Company and the Operating Partnership. On or prior to the date that the first Securities are sold pursuant to the terms of this Agreement, Agreement and each time Securities are delivered to the Agent [ ] as principal on a Settlement Date, and as promptly as possible and in no event later than two three (23) Trading Days of each Representation Date with respect to which the Company is obligated to deliver a certificate in the form attached hereto as Exhibit H E for which no waiver is applicable, the Company shall cause to be furnished to the Agent [ ] a written opinion of Xxxxx Lord Hunton & Xxxxxxxx LLP, tax counsel for the Company and the Operating Partnership, dated the date that the opinion is required to be delivered, in the form attached hereto as Exhibit ED-2, modified, as necessary, to relate to the Registration Statement and the Prospectus as then amended or supplemented; provided, however, that in lieu of such opinions for subsequent Representation Dates, such counsel may furnish the Agent [ ] Securities with a letter to the effect that the Agent [ ] may rely on a prior opinion delivered under this Section 7(q7(p) to the same extent as if it were dated the date of such letter (except that statements in such prior opinion shall be deemed to relate to the Registration Statement and the Prospectus as amended or supplemented at such Representation Date).

Appears in 1 contract

Samples: Equity Distribution Agreement (STAG Industrial, Inc.)

Opinion of Tax Counsel for Company and the Operating Partnership. On or prior to the date that the first Securities are sold pursuant to the terms of this Agreement, Agreement and each time Securities are delivered to the Agent [ ] as principal on a Settlement Date, and as promptly as possible and in no event later than two three (23) Trading Days of each Representation Date with respect to which the Company is obligated to deliver a certificate in the form attached hereto as Exhibit H E for which no waiver is applicable, the Company shall cause to be furnished to the Agent [ ] a written opinion of Xxxxx Lord Hunton & Xxxxxxxx LLP, tax counsel for the Company and the Operating Partnership, dated the date that the opinion is required to be delivered, in the form attached hereto as Exhibit ED-2, modified, as necessary, to relate to the Registration Statement and the Prospectus as then amended or supplemented; provided, however, that in lieu of such opinions for subsequent Representation Dates, such counsel may furnish the Agent [ ] with a letter to the effect that the Agent [ ] may rely on a prior opinion delivered under this Section 7(q7(p) to the same extent as if it were dated the date of such letter (except that statements in such prior opinion shall be deemed to relate to the Registration Statement and the Prospectus as amended or supplemented at such Representation Date).

Appears in 1 contract

Samples: Equity Distribution Agreement (STAG Industrial, Inc.)

Opinion of Tax Counsel for Company and the Operating Partnership. On or prior to the date that the first Securities are sold pursuant to the terms of this Agreement, each time Securities are delivered to the Agent as principal on a Settlement Date, and as promptly as possible and in no event later than two (2) Trading Days of each Representation Date with respect to which the Company is obligated to deliver a certificate in the form attached hereto as Exhibit H F for which no waiver is applicable, the Company shall cause to be furnished to the Agent Agent, the Forward Seller and the Forward Purchaser a written opinion of Hunton Xxxxxxx Xxxxx Lord LLP, tax counsel for the Company and the Operating Partnership, dated the date that the opinion is required to be delivered, in the form attached hereto as Exhibit EE-2, modified, as necessary, to relate to the Registration Statement and the Prospectus as then amended or supplemented; provided, however, that in lieu of such opinions for subsequent Representation Dates, such counsel may furnish the Agent Agent, the Forward Seller and the Forward Purchaser with a letter to the effect that the Agent Agent, the Forward Seller and the Forward Purchaser may rely on a prior opinion delivered under this Section 7(q7(p) to the same extent as if it were dated the date of such letter (except that statements in such prior opinion shall be deemed to relate to the Registration Statement and the Prospectus as amended or supplemented at such Representation Date).

Appears in 1 contract

Samples: Equity Distribution Agreement (STAG Industrial, Inc.)

Opinion of Tax Counsel for Company and the Operating Partnership. On or prior to the date that the first Securities are sold pursuant to the terms of this Agreement, Agreement and each time Securities are delivered to the Agent RBC as principal on a Settlement Date, and as promptly as possible and in no event later than two three (23) Trading Days of each Representation Date with respect to which the Company is obligated to deliver a certificate in the form attached hereto as Exhibit H E for which no waiver is applicable, the Company shall cause to be furnished to the Agent RBC a written opinion of Xxxxx Lord Hunton & Xxxxxxxx LLP, tax counsel for the Company and the Operating Partnership, dated the date that the opinion is required to be delivered, in the form attached hereto as Exhibit ED-2, modified, as necessary, to relate to the Registration Statement and the Prospectus as then amended or supplemented; provided, however, that in lieu of such opinions for subsequent Representation Dates, such counsel may furnish the Agent RBC with a letter to the effect that the Agent RBC may rely on a prior opinion delivered under this Section 7(q7(p) to the same extent as if it were dated the date of such letter (except that statements in such prior opinion shall be deemed to relate to the Registration Statement and the Prospectus as amended or supplemented at such Representation Date).

Appears in 1 contract

Samples: Equity Distribution Agreement (STAG Industrial, Inc.)

Opinion of Tax Counsel for Company and the Operating Partnership. On or prior to the date that the first Securities are sold pursuant to the terms of this Agreement, Agreement and each time Securities are delivered to the Agent Xxxxx Fargo Securities as principal on a Settlement Date, and as promptly as possible and in no event later than two three (23) Trading Days of each Representation Date with respect to which the Company is obligated to deliver a certificate in the form attached hereto as Exhibit H E for which no waiver is applicable, the Company shall cause to be furnished to the Agent Xxxxx Fargo Securities a written opinion of Xxxxx Lord Hunton & Xxxxxxxx LLP, tax counsel for the Company and the Operating Partnership, dated the date that the opinion is required to be delivered, in the form attached hereto as Exhibit ED-2, modified, as necessary, to relate to the Registration Statement and the Prospectus as then amended or supplemented; provided, however, that in lieu of such opinions for subsequent Representation Dates, such counsel may furnish the Agent Xxxxx Fargo Securities with a letter to the effect that the Agent Xxxxx Fargo Securities may rely on a prior opinion delivered under this Section 7(q7(p) to the same extent as if it were dated the date of such letter (except that statements in such prior opinion shall be deemed to relate to the Registration Statement and the Prospectus as amended or supplemented at such Representation Date).

Appears in 1 contract

Samples: Equity Distribution Agreement (STAG Industrial, Inc.)

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Opinion of Tax Counsel for Company and the Operating Partnership. On or prior to the date that the first Securities are sold pursuant to the terms of this Agreement, Agreement and each time Securities are delivered to the Sales Agent as principal on a Settlement Date, and as promptly as possible and in no event later than two three (23) Trading Days of each Representation Date with respect to which the Company is obligated to deliver a certificate in the form attached hereto as Exhibit H E for which no waiver is applicable, the Company shall cause to be furnished to the Sales Agent a written opinion of Xxxxxx, Xxxxx Lord & Bockius LLP, tax counsel for the Company and the Operating Partnership, dated the date that the opinion is required to be delivered, in the form attached hereto as Exhibit ED-3, modified, as necessary, to relate to the Registration Statement and the Prospectus as then amended or supplemented; provided, however, that in lieu of such opinions for subsequent Representation Dates, such counsel may furnish the Sales Agent with a letter to the effect that the Sales Agent may rely on a prior opinion delivered under this Section 7(q7(p) to the same extent as if it were dated the date of such letter (except that statements in such prior opinion shall be deemed to relate to the Registration Statement and the Prospectus as amended or supplemented at such Representation Date).

Appears in 1 contract

Samples: Equity Distribution Agreement (Gramercy Property Trust)

Opinion of Tax Counsel for Company and the Operating Partnership. On or prior to the date that the first Securities are sold pursuant to the terms of this Agreement, Agreement and each time Securities are delivered to the Agent UBS Securities as principal on a Settlement Date, and as promptly as possible and in no event later than two three (23) Trading Days of each Representation Date with respect to which the Company is obligated to deliver a certificate in the form attached hereto as Exhibit H E for which no waiver is applicable, the Company shall cause to be furnished to the Agent UBS Securities a written opinion of Xxxxx Lord Hunton & Xxxxxxxx LLP, tax counsel for the Company and the Operating Partnership, dated the date that the opinion is required to be delivered, in the form attached hereto as Exhibit ED-2, modified, as necessary, to relate to the Registration Statement and the Prospectus as then amended or supplemented; provided, however, that in lieu of such opinions for subsequent Representation Dates, such counsel may furnish the Agent UBS Securities with a letter to the effect that the Agent UBS Securities may rely on a prior opinion delivered under this Section 7(q7(p) to the same extent as if it were dated the date of such letter (except that statements in such prior opinion shall be deemed to relate to the Registration Statement and the Prospectus as amended or supplemented at such Representation Date).

Appears in 1 contract

Samples: Equity Distribution Agreement (STAG Industrial, Inc.)

Opinion of Tax Counsel for Company and the Operating Partnership. On or prior to the date that the first Securities are sold pursuant to the terms of this Agreement, each time Securities are delivered to the Agent as principal on a Settlement Date, and as promptly as possible and in no event later than two (2) Trading Days of each Representation Date with respect to which the Company is obligated to deliver a certificate in the form attached hereto as Exhibit H F for which no waiver is applicable, the Company shall cause to be furnished to the Agent Agent, the Forward Seller and the Forward Purchaser a written opinion of Xxxxx Lord Hunton & Xxxxxxxx LLP, tax counsel for the Company and the Operating Partnership, dated the date that the opinion is required to be delivered, in the form attached hereto as Exhibit EE-2, modified, as necessary, to relate to the Registration Statement and the Prospectus as then amended or supplemented; provided, however, that in lieu of such opinions for subsequent Representation Dates, such counsel may furnish the Agent Agent, the Forward Seller and the Forward Purchaser with a letter to the effect that the Agent Agent, the Forward Seller and the Forward Purchaser may rely on a prior opinion delivered under this Section 7(q7(p) to the same extent as if it were dated the date of such letter (except that statements in such prior opinion shall be deemed to relate to the Registration Statement and the Prospectus as amended or supplemented at such Representation Date).

Appears in 1 contract

Samples: Equity Distribution Agreement (STAG Industrial, Inc.)

Opinion of Tax Counsel for Company and the Operating Partnership. On or prior to the date that the first Securities are sold pursuant to the terms of this Agreement, Agreement and each time Securities are delivered to the Agent as principal on a Settlement Date, and as promptly as possible and in no event later than two three (23) Trading Days of each Representation Date with respect to which the Company is obligated to deliver a certificate in the form attached hereto as Exhibit H F for which no waiver is applicable, the Company shall cause to be furnished to the Agent Agent, the Forward Seller and the Forward Purchaser a written opinion of Xxxxx Lord Hunton & Xxxxxxxx LLP, tax counsel for the Company and the Operating Partnership, dated the date that the opinion is required to be delivered, in the form attached hereto as Exhibit EE-2, modified, as necessary, to relate to the Registration Statement and the Prospectus as then amended or supplemented; provided, however, that in lieu of such opinions for subsequent Representation Dates, such counsel may furnish the Agent Agent, the Forward Seller and the Forward Purchaser with a letter to the effect that the Agent Agent, the Forward Seller and the Forward Purchaser may rely on a prior opinion delivered under this Section 7(q7(p) to the same extent as if it were dated the date of such letter (except that statements in such prior opinion shall be deemed to relate to the Registration Statement and the Prospectus as amended or supplemented at such Representation Date).

Appears in 1 contract

Samples: Equity Distribution Agreement (STAG Industrial, Inc.)

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