Opinions of Borrower’s Counsel. Lender shall have received opinions of Borrower's counsel (a) with respect to non-consolidation issues (if the amount of the Loan equals or exceeds $20,000,000) and (b) with respect to due execution, authority, enforceability of the Loan Documents and such other matters as Lender may require, all such opinions in form, scope and substance satisfactory to Lender and Lender's counsel in their sole discretion.
Appears in 3 contracts
Samples: Loan Agreement (Manufactured Home Communities Inc), Loan Agreement (Manufactured Home Communities Inc), Loan Agreement (Manufactured Home Communities Inc)
Opinions of Borrower’s Counsel. Lender shall have received opinions of Borrower's counsel (ai) with respect to non-consolidation issues (if the amount of the Loan equals non- consolidation, true sale or exceeds $20,000,000) true contribution, and fraudulent transfer issues, and (bii) with respect to due execution, authority, enforceability of the Loan Documents and such other matters as Lender may require, all such opinions in form, scope and substance satisfactory to Lender and Lender's counsel in their sole reasonable discretion.
Appears in 2 contracts
Samples: Loan Agreement (Urban Shopping Centers Inc), Loan Agreement (Urban Shopping Centers Inc)
Opinions of Borrower’s Counsel. Lender shall have received opinions of Borrower's ’s counsel (a) with respect to non-consolidation issues (if the amount of the Loan equals or exceeds $20,000,000) and (b) with respect to due execution, authority, enforceability of the Loan Documents and such other matters as Lender may require, all such and such other matters as Lender may require, all such opinions in form, scope and substance satisfactory to Lender and Lender's ’s counsel in their sole discretion.
Appears in 1 contract
