Common use of Opinions and Other Deliverables Clause in Contracts

Opinions and Other Deliverables. The Obligors covenant and agree to deliver or cause to be delivered (a) opinions of counsel to the Obligors with respect to the transactions contemplated hereby, which opinions shall be in form and substance satisfactory to the Lender Agent, on or before July 8, 2009 and (b) such other documents, including but not limited to the Obligors’ board resolutions approving this Agreement, as the Lender Agent may reasonably request, which documents will be in form and substance satisfactory to the Lender Agent, on or before July 15, 2009. The Obligors acknowledge and agree that the Lender Agent may, upon the failure to deliver any of the items set forth in clauses (i) and (ii) above in the timeframes set forth therein, declare an Event of Default.

Appears in 1 contract

Samples: Ninth Amendment Agreement (Residential Capital, LLC)

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Opinions and Other Deliverables. The Obligors covenant and agree to deliver or cause to be delivered (a) opinions of counsel to the Obligors with respect to the transactions contemplated hereby, which opinions shall be in form and substance satisfactory to the Lender Agent, on or before July 8, 2009 and (b) such other documents, including but not limited to the Obligors’ board resolutions approving this Agreement, as the Lender Agent may reasonably request, which documents will be in form and substance satisfactory to the Lender Agent, on or before July 15, 2009. The Obligors acknowledge and agree that the Lender Agent may, upon the failure to deliver any of the items set forth in clauses (ia) and (iib) above in the timeframes set forth therein, declare an Event of Default.

Appears in 1 contract

Samples: Fifth Amendment Agreement (Residential Capital, LLC)

Opinions and Other Deliverables. The Obligors covenant and agree to deliver or cause to be delivered (a) opinions of counsel to the Obligors with respect to the transactions contemplated hereby, which opinions shall be in form and substance satisfactory to the Lender Agent, on or before July 8, 2009 and (b) such other documents, including but not limited to the Obligors’ board resolutions approving this Agreement, as the Lender Agent may reasonably request, which documents will be in form and substance satisfactory to the Lender Agent, on or before July 15, 2009. The Obligors acknowledge and agree that the Lender Agent may, upon the failure to deliver any of the items set forth in clauses (ia) and (iib) above in the timeframes set forth therein, declare an Event of Default.. ARTICLE IV NOTICES, ACKNOWLEDGEMENTS, CONFIRMATION AND REPRESENTATIONS AND WARRANTIES

Appears in 1 contract

Samples: Loan Agreement (Residential Capital, LLC)

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Opinions and Other Deliverables. The Obligors covenant and agree to deliver or cause to be delivered (a) opinions of counsel to the Obligors with respect to the transactions contemplated hereby, which opinions shall be in form and substance satisfactory to the Lender Omnibus Agent, on or before July 8, 2009 and (b) such other documents, including but not limited to the Obligors’ board resolutions approving this Agreement, as the Lender Omnibus Agent may reasonably request, which documents will be in form and substance satisfactory to the Lender Omnibus Agent, on or before July 15, 2009. The Obligors acknowledge and agree that the Lender Omnibus Agent may, upon the failure to deliver any of the items set forth in clauses (ia) and (iib) above in the timeframes set forth therein, declare an Event of Default.. ARTICLE IV ACKNOWLEDGEMENTS, CONSENTS, NOTICE, CONFIRMATION AND REPRESENTATIONS AND WARRANTIES

Appears in 1 contract

Samples: Fourth Amendment Agreement (Residential Capital, LLC)

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