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 (Indymac Abs Inc), Indenture (NYMT Securities CORP), Indenture (Fieldstone Mortgage Investment CORP)

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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 8 contracts

Samples: Indenture (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2007-H1), Indenture (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2006-H4), Indenture (Indymac MBS Inc)

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

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), Indenture (Fieldstone Mortgage Investment CORP)

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.)

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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. 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: Indenture (Greenpoint Mortgage Funding Trust 2006-He1)

Opinions as to Collateral. On the Closing Date, the Issuer shall furnish to the Trust Administrator and or cause to be furnished to the Indenture Trustee an Opinion of Counsel to the effect that eithereither stating (i) 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 first priority lien and security interest of this IndentureIndenture and reciting the details of such action, or stating (ii) 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 (Americas Carmart Inc)

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