Common use of Opinions of Borrower’s Counsel Clause in Contracts

Opinions of Borrower’s Counsel. Lender shall have received opinions of Borrower's counsel (and if applicable, Borrower's local counsel) with respect to due execution, authority, enforceability of the Loan Documents and such other matters as Lender may reasonably require, all such opinions in form, scope and substance reasonably satisfactory to Lender and Lender's counsel in their reasonable discretion.

Appears in 16 contracts

Samples: Loan Agreement (Inland Western Retail Real Estate Trust Inc), Loan Agreement (Inland Western Retail Real Estate Trust Inc), Loan Agreement (Inland Western Retail Real Estate Trust Inc)

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Opinions of Borrower’s Counsel. Lender shall have received opinions of Borrower's counsel (and if applicable, Borrower's local counsel) (a) with respect to non-consolidation issues (an "INSOLVENCY OPINION") and (b) with respect to due execution, authority, enforceability of the Loan Documents and such other matters as Lender may reasonably require, all such opinions in form, scope and substance reasonably satisfactory to Lender and Lender's counsel in their reasonable discretion.

Appears in 9 contracts

Samples: Loan Agreement (Inland Western Retail Real Estate Trust Inc), Loan Agreement (Behringer Harvard Reit I Inc), Loan Agreement (Behringer Harvard Reit I Inc)

Opinions of Borrower’s Counsel. Lender shall have received opinions of Borrower's counsel (a) with respect to non-consolidation issues, and if applicable, Borrower's local counsel(b) with respect to due execution, authority, enforceability of the Loan Documents and such other matters as Lender may reasonably require, and (c) with respect to the perfection of Lender's security interest in the Collateral, all such opinions in form, scope and substance reasonably satisfactory to Lender and Lender's counsel in their reasonable sole discretion.

Appears in 4 contracts

Samples: Senior Mezzanine Loan Agreement (Maguire Properties Inc), Mezzanine Loan Agreement (Maguire Properties Inc), Junior Mezzanine Loan Agreement (Maguire Properties Inc)

Opinions of Borrower’s Counsel. Lender shall have received opinions of Borrower's counsel (and if applicable, Borrower's local counsel) with respect to due execution, authority, enforceability of the Loan Documents and such other matters as Lender may reasonably require, all such opinions in form, scope and substance reasonably satisfactory to Lender and Lender's counsel in their reasonable discretion.

Appears in 4 contracts

Samples: Loan Agreement (Inland Western Retail Real Estate Trust Inc), Loan Agreement (Inland Western Retail Real Estate Trust Inc), Loan Agreement (Inland Western Retail Real Estate Trust Inc)

Opinions of Borrower’s Counsel. Lender shall have received opinions of Borrower's counsel (a) with respect to non-consolidation issues and if applicable, Borrower's local counsel(b) with respect to due execution, authority, enforceability of the Loan Documents and such other matters as Lender may reasonably require, all such opinions in form, scope and substance reasonably satisfactory to Lender and Lender's counsel in their reasonable sole discretion.

Appears in 3 contracts

Samples: Loan Agreement (Sun Communities Inc), Loan Agreement (Sun Communities Inc), Loan Agreement (Sun Communities Inc)

Opinions of Borrower’s Counsel. Lender shall have received opinions of Borrower's counsel (a) with respect to non-consolidation issues and if applicable, Borrower's local counsel(b) with respect to due execution, authority, authority and enforceability of the Loan Documents and such other matters as Lender may reasonably require, all such opinions in form, scope and substance reasonably satisfactory to Lender and Lender's counsel in their reasonable sole discretion.

Appears in 2 contracts

Samples: Loan Agreement (Maguire Properties Inc), Loan Agreement (Maguire Properties Inc)

Opinions of Borrower’s Counsel. Lender shall have received opinions of from Borrower's counsel (and if applicable, Borrower's local counsel) with respect to due execution, authority, enforceability of the Loan Documents and such other matters as Lender may reasonably require, all such opinions in form, scope and substance reasonably satisfactory to Lender and Lender's counsel in their reasonable discretion.

Appears in 2 contracts

Samples: Loan Agreement (Cole Credit Property Trust II Inc), Loan Agreement (Cole Credit Property Trust II Inc)

Opinions of Borrower’s Counsel. Lender shall have received opinions of Borrower's counsel (and if applicable, Borrower's local counsel) with respect to (a) non-consolidation issues ("INSOLVENCY OPINION") and (b) due execution, authority, enforceability of the Loan Documents and such other matters as Lender may reasonably require, all such opinions in form, scope and substance reasonably satisfactory to Lender and Lender's counsel in their reasonable discretion.

Appears in 1 contract

Samples: Loan Agreement (Inland Western Retail Real Estate Trust Inc)

Opinions of Borrower’s Counsel. Lender shall have received opinions of from Borrower's counsel (and if applicable, Borrower's local counsela) with respect to the perfection of Lender's Lien on the Collateral and (b) with respect to the due execution, authority, enforceability of the Loan Documents and such other matters as Lender may reasonably require, all such opinions in form, scope and substance reasonably satisfactory to Lender and Lender's counsel in their reasonable discretion.

Appears in 1 contract

Samples: Loan Agreement (Skilled Healthcare Group Inc)

Opinions of Borrower’s Counsel. Lender shall have received opinions of from Borrower's counsel (a) the Insolvency Opinion, and if applicable, Borrower's local counsel(b) an opinion with respect to due execution, authority, enforceability of the Loan Documents and such other matters as Lender may reasonably require, all such opinions in form, scope and substance reasonably satisfactory to Lender and Lender's counsel in their reasonable discretion.

Appears in 1 contract

Samples: Loan Agreement (Behringer Harvard Reit I Inc)

Opinions of Borrower’s Counsel. Lender shall have ------------------------------ received opinions of Borrower's counsel (i) with respect to non- consolidation and if applicable, Borrower's local counsel(ii) with respect to due execution, authority, enforceability of the Loan Documents and such other matters as Lender may reasonably require, all such opinions in form, scope and substance reasonably satisfactory to Lender and Lender's counsel in their reasonable discretion.

Appears in 1 contract

Samples: Loan Agreement (Winston Hotels Inc)

Opinions of Borrower’s Counsel. Lender shall have received opinions of Borrower's Borrowers counsel (and if applicable, Borrower's local counsel) (a) with respect to non-consolidation issues (an "INSOLVENCY OPINION") and (b) with respect to due execution, authority, enforceability of the Loan Documents and such other matters as Lender may reasonably require, all such opinions in form, scope and substance reasonably satisfactory to Lender and Lender's counsel in their reasonable discretion.

Appears in 1 contract

Samples: Loan Agreement (Inland Western Retail Real Estate Trust Inc)

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Opinions of Borrower’s Counsel. Lender shall have received opinions of Borrower's ’s counsel (a) with respect to non-consolidation issues and if applicable, Borrower's local counsel(b) with respect to due execution, authority, enforceability of the Loan Documents, the Operating Lease and Operating Lessee Documents and such other matters as Lender may reasonably require, all such and such other matters as Lender may require, all such opinions in form, scope and substance reasonably satisfactory to Lender and Lender's ’s counsel in their reasonable sole discretion.

Appears in 1 contract

Samples: Loan Agreement (Capital Lodging)

Opinions of Borrower’s Counsel. Lender shall have received opinions of Borrower's counsel (a) with respect to non-consolidation, true sale and if applicabletrue contribution issues, Borrower's local counseland (b) with respect to due execution, authority, enforceability of the Loan Documents and such other matters as Lender may reasonably require, all such opinions in form, scope and substance reasonably satisfactory to Lender and Lender's counsel in their reasonable sole discretion.

Appears in 1 contract

Samples: Loan Agreement (Entertainment Properties Trust)

Opinions of Borrower’s Counsel. Lender shall have received opinions of from Borrower's counsel (and if applicable, Borrower's local counsel) with respect to non-consolidation and the due execution, authority, enforceability of the Loan Documents and such other matters as Lender may reasonably require, all such opinions in form, scope and substance reasonably satisfactory to Lender and Lender's counsel in their reasonable discretion.

Appears in 1 contract

Samples: Loan Agreement (Skilled Healthcare Group Inc)

Opinions of Borrower’s Counsel. Lender shall have received opinions of Borrower's counsel (and if applicable, Borrower's local counsel) (a) with respect to non- consolidation issues (an "INSOLVENCY OPINION") and (b) with respect to due execution, authority, enforceability of the Loan Documents and such other matters as Lender may reasonably require, all such opinions in form, scope and substance reasonably satisfactory to Lender and Lender's counsel in their reasonable discretion.

Appears in 1 contract

Samples: Loan Agreement (Behringer Harvard Reit I Inc)

Opinions of Borrower’s Counsel. Lender shall have received opinions of Borrower's counsel (a) with respect to non-consolidation, true sale or true contribution, and if applicablefraudulent transfer issues, Borrower's local counseland (b) with respect to due execution, authority, enforceability of the Loan Documents and such other matters as Lender may reasonably require, all such opinions containing customary assumptions and qualifications and otherwise in form, scope and substance reasonably satisfactory to Lender and Lender's counsel in their reasonable discretion.

Appears in 1 contract

Samples: Loan Agreement (Prime Group Realty Trust)

Opinions of Borrower’s Counsel. Lender Leader shall have received opinions of Borrower's counsel (and if applicable, Borrower's local counsel) with respect to due execution, authority, enforceability of the Loan Documents and such other matters as Lender may reasonably require, all such opinions in form, scope and substance reasonably satisfactory to Lender and Lender's counsel in their reasonable discretion.

Appears in 1 contract

Samples: Loan Agreement (Inland Western Retail Real Estate Trust Inc)

Opinions of Borrower’s Counsel. Lender shall have received opinions of Borrower's counsel (and if applicable, Borrower's local counsel) with respect to due execution, authority, enforceability of the Loan Documents and such other matters as Lender may reasonably require, all such opinions in form, scope and substance reasonably satisfactory to Lender and Lender's counsel in their reasonable discretiondiscretion ("INSOLVENCY OPINION").

Appears in 1 contract

Samples: Loan Agreement (Inland Western Retail Real Estate Trust Inc)

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