Common use of Opinions as to Collateral Clause in Contracts

Opinions as to Collateral. On the Closing Date, the Issuer shall furnish to the Trust Administrator and the Indenture Trustee an Opinion of Counsel to the effect that either, in the opinion of such counsel, such action has been taken with respect to the recording and filing of this Indenture, any indentures supplemental hereto, and any other requisite documents, and with respect to the execution and filing of any financing statements and continuation statements, as are necessary to make effective the lien and security interest of this Indenture, or stating that, in the opinion of such counsel, no such action is necessary to make such lien and security interest effective.

Appears in 14 contracts

Samples: Indenture (Fieldstone Mortgage Investment CORP), Indenture (NYMT Securities CORP), Indenture (Asset Backed Sec Corp Fieldstone Mort Inv Tr Ser 2004-2)

AutoNDA by SimpleDocs

Opinions as to Collateral. On the Closing Date, the Issuer shall furnish to the Trust Administrator Administrator, the Insurer and the Indenture Trustee an Opinion of Counsel to the effect that either, in the opinion of such counsel, such action has been taken with respect to the recording and filing of this Indenture, any indentures supplemental hereto, and any other requisite documents, and with respect to the execution and filing of any financing statements and continuation statements, as are necessary to make effective the lien and security interest of this Indenture, or stating that, in the opinion of such counsel, no such action is necessary to make such lien and security interest effective.

Appears in 7 contracts

Samples: Indenture (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2006-H4), Indenture (Greenpoint Mortgage Funding Trust 2005-He3), Indenture (Lehman ABS Corp. Home Equity Loan Trust 2005-1)

Opinions as to Collateral. On the Closing Date, the Issuer shall furnish to the Trust Administrator and the Indenture Trustee an Opinion of Counsel to the effect that either, in the opinion of such counsel, such action has been taken with respect to the recording and filing of this Indenture, any indentures supplemental hereto, and any other requisite documents, and with respect to the execution and filing of any financing statements and continuation statements, as are necessary to make effective the lien and security interest of this Indenture, or stating that, in the opinion of such counsel, no such action is necessary to make such lien and security interest effective.

Appears in 5 contracts

Samples: Indenture (Sasco Mortgage Loan Trust Series 2004-Gel2), Indenture (Greenpoint Mortgage Funding Trust 2005-He4), Indenture (SASCO Mortgage Loan Trust 2004-Gel3)

Opinions as to Collateral. (a) On the Closing Date, the Issuer shall furnish to the Trust Administrator and the Indenture Trustee an Opinion of Counsel to the effect that eithereither stating that, in the opinion of such counsel, such action has been taken with respect to the recording and filing of this Indenture, any indentures supplemental hereto, hereto and any other requisite documents, and with respect to the execution and filing of any financing statements and continuation statements, statements as are necessary to perfect and make effective the lien and security interest of this IndentureIndenture and reciting the details of such action, or stating that, in the opinion of such counsel, no such action is necessary to make such lien and security interest effective.

Appears in 3 contracts

Samples: Indenture (Navistar Financial Retail Receivables Corporation), Navistar Financial Retail Receivables Corporation, Navistar Financial Retail Receivables Corporation

Opinions as to Collateral. On the Closing Date, the Issuer shall furnish to the Trust Administrator and the Indenture Trustee an Opinion of Counsel to the effect that either, in the opinion of such counsel, such action has been taken with respect to the recording and filing of this Indenture, any indentures supplemental hereto, and any other requisite documents, and with respect to the execution and filing of any financing statements and continuation statements, as are necessary to make effective the lien and security interest of this Indenture, or stating that, in the opinion of such counsel, no such action is necessary to make such lien and security interest effective.

Appears in 2 contracts

Samples: Indenture (Homebanc Corp), Indenture (HMB Acceptance Corp.)

Opinions as to Collateral. On the Closing Date, the Issuer Issuing Entity shall furnish to the Trust Administrator and the Indenture Trustee an Opinion of Counsel to the effect that either, in the opinion of such counsel, such action has been taken with respect to the recording and filing of this Indenture, any indentures supplemental hereto, and any other requisite documents, and with respect to the execution and filing of any financing statements and continuation statements, as are necessary to make effective the lien and security interest of this Indenture, or stating that, in the opinion of such counsel, no such action is necessary to make such lien and security interest effective.

Appears in 2 contracts

Samples: Indenture (SunTrust Mortgage Securitization, LLC), Fieldstone Mortgage Investment CORP

Opinions as to Collateral. (a) On the Closing Date, the Issuer shall furnish to the Trust Administrator and the Indenture Trustee an Opinion of Counsel to the effect that either, in the opinion of such counsel, such action has been taken with respect to the recording and filing of this Indenture, any indentures supplemental hereto, and any other requisite documents, and with respect to the execution and filing of any financing statements and continuation statements, as are necessary to make effective the lien and security interest of this Indenture, or stating that, in the opinion of such counsel, no such action is necessary to make such lien and security interest effective.

Appears in 1 contract

Samples: BLG Securities Company, LLC

AutoNDA by SimpleDocs

Opinions as to Collateral. On the Closing Date, the Issuer shall furnish to the Trust Administrator Administrator, the Insurers and the Indenture Trustee an Opinion of Counsel to the effect that either, in the opinion of such counsel, such action has been taken with respect to the recording and filing of this Indenture, any indentures supplemental hereto, and any other requisite documents, and with respect to the execution and filing of any financing statements and continuation statements, as are necessary to make effective the lien and security interest of this Indenture, or stating that, in the opinion of such counsel, no such action is necessary to make such lien and security interest effective.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Greenpoint Mortgage Funding Trust 2006-He1)

Opinions as to Collateral. On the Closing Date, the Issuer Issuing Entity shall furnish to the Trust Administrator and the Indenture Trustee an Opinion of Counsel to the effect that either, in the opinion of such counsel, such action has been taken with respect to the recording and filing of this Indenture, any indentures supplemental hereto, and any other requisite documents, and with respect to the execution and filing of any financing statements and continuation statements, as are necessary to make effective the lien and security interest of this Indenture, or stating that, in the opinion of such counsel, no such action is necessary to make such lien and security interest effective.

Appears in 1 contract

Samples: Indenture (Financial Asset Securities Corp)

Opinions as to Collateral. (a) On the Closing Date, the Issuer shall furnish to the Trust Administrator and the Indenture Trustee an Opinion of Counsel to the effect that eithereither stating that, in the opinion of such counsel, such action has been taken with respect to the recording and filing of this Indenture, any indentures supplemental hereto, and any other requisite documents, and with respect to the execution and filing of any financing statements and continuation statements, as are necessary to perfect and make effective the lien and security interest of this IndentureIndenture and reciting the details of such action, or stating that, in the opinion of such counsel, no such action is necessary to make such lien and security interest effective.

Appears in 1 contract

Samples: Indenture (Bear Stearns Asset Backed Securities Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.