Common use of Opinion on Settlement Date Clause in Contracts

Opinion on Settlement Date. On any settlement date for the sale of Notes, the Company shall, if requested by the Agent that solicited or received the offer to purchase any Notes being delivered on such settlement date, furnish such Agent with a written opinion of the General Counsel of the Company, dated such settlement date, in form satisfactory to such Agent, to the effect set forth in Section 5(e) hereof, but modified, as necessary, to relate to the Prospectus relating to the Notes to be delivered on such settlement date; provided, however, that in lieu of such opinion, such counsel may furnish the Agents with a letter to the effect that the Agents may rely on such prior opinion to the same extent as though it was dated such settlement date (except that statements in such prior opinion shall be deemed to relate to the Registration Statement and such Prospectus as amended or supplemented to the time of delivery of such letter authorizing reliance).

Appears in 4 contracts

Samples: Distribution Agreement (Alco Standard Corp), Distribution Agreement (Alco Standard Corp), Distribution Agreement (Ikon Office Solutions Inc)

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Opinion on Settlement Date. On any settlement date for the sale of NotesNotes to any Agent pursuant to a Purchase Agreement, the Company shall, if requested by such Agent no later than the Agent that solicited or received the offer to purchase any Notes being delivered on date such settlement datePurchase Agreement is entered into, furnish such Agent with a written opinion opinions of the General Counsel of counsel to the CompanyCompany set forth in Sections 5(d) and 5(e), each dated such settlement date, in form satisfactory to such Agent, to the effect set forth in Section Sections 5(d) and 5(e) hereof), but modified, as necessary, to relate to the Prospectus relating to the Notes to be delivered on such settlement date; provided, however, that in lieu of such opinion, such counsel may furnish the Agents such Agent with a letter to the effect that the Agents such Agent may rely on such prior opinion to the same extent as though it was dated such settlement date (except that statements in such prior opinion shall be deemed to relate to the Registration Statement and such Prospectus as amended or supplemented to the time of delivery of such letter authorizing reliance).

Appears in 4 contracts

Samples: First Data Corp, First Data Corp, Distribution Agreement (First Data Corp)

Opinion on Settlement Date. On any settlement date for the sale of Notes, the Company Corporation shall, if requested by the Agent that solicited or received the offer to purchase any Notes being delivered on such settlement datedate and agreed to by the Corporation when it accepts such offer, furnish such Agent with a written opinion opinions of counsel and tax counsel of the General Counsel of the CompanyCorporation, dated such settlement date, in form satisfactory to such Agent, date to the effect set forth in Section Sections 5(d) and 5(e) hereof, but modified, as necessary, to relate to the Prospectus relating to the Notes to be delivered on such settlement date; provided, however, that in lieu of such opinion, either such counsel may furnish the Agents such Agent with a letter to the effect that such the Agents Agent may rely on such prior opinion to the same extent as though it was dated such settlement date (except that statements in such prior opinion shall will be deemed to relate to the Registration Statement and such Prospectus as amended or supplemented to the time of delivery of such letter authorizing reliance).

Appears in 1 contract

Samples: Purchase Agreement (Bankers Trust New York Corp)

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Opinion on Settlement Date. On any settlement date for the sale of Notes, the Company shall, if requested by the Agent that solicited or received the offer to purchase any Notes being delivered on such settlement date, furnish such Agent with a written opinion opinions of counsel to the General Counsel of the CompanyCompany set forth in Section 5(e) hereof, each dated such settlement date, in form reasonably satisfactory to such Agent, to the effect set forth in Section 5(e) hereof, but modified, as necessary, to relate to the Prospectus relating to the Notes to be delivered on such settlement date; provided, however, that in lieu of such opinion, such counsel may furnish the Agents with a letter to the effect that the Agents may rely on such prior opinion to the same extent as though if it was were dated such settlement date (except that statements in such prior opinion shall be deemed to relate to the Registration Statement and such Prospectus as amended or supplemented to the time of delivery of such letter authorizing reliance).

Appears in 1 contract

Samples: Underwriting Agreement (Manor Care Inc/New)

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