Opinions of Counsel Concerning Organization and Loan Documents Sample Clauses

Opinions of Counsel Concerning Organization and Loan Documents. Each of the Lenders and the Agent shall have received favorable opinions from Borrower's counsel addressed to the Lenders and the Agent and dated as of the Effective Date, in form and substance satisfactory to the Agent.
Sample 1Sample 2Sample 3See All (18)
AutoNDA by SimpleDocs
Opinions of Counsel Concerning Organization and Loan Documents. Each of the Banks and the Agent shall have received favorable opinions addressed to the Banks and the Agent and dated as of the Effective Date, in form and substance satisfactory to the Banks and the Agent from Borrower's counsel, as to the matters described on Exhibit E, which opinion may rely on opinions from other law firms approved by the Agent as to matters of law applicable in the various states where the Mortgaged Properties are located.
Sample 1
Opinions of Counsel Concerning Organization and Loan Documents. The Bank shall have received: Opinions of counsel for each of the Parties satisfactory to the Bank and the Bank's counsel (i) stating that all Loan Documents have been duly authorized, executed and delivered by each of the Parties and are valid, binding and enforceable against each of the Parties, including, without limitation, the choice of law provisions of the Loan Documents, (ii) indicating the due organization, legal existence and good standing of each of the Parties, in its state of organization and also in the state where the Strategic Projects and Non- Strategic Projects are located, (iii) stating that the Loans are not usurious under applicable laws and regulations (without resort to any "usury savings" clause in the Loan Documents), (iv) indicating that the Loan Documents create in favor of the Bank legal, valid and enforceable first priority liens and security interests in and to the Collateral to secure the Obligations, and all filings and recordings necessary to perfect such liens and security interests have been duly affected, and (v) stating that there is no action, suit or proceeding pending or to the best of the Parties' knowledge threatened against or affecting any of the Parties, or the Strategic Projects or the Non-Strategic Projects, before any court, administrative agency, arbitrator or governmental authority, except as will be fully disclosed by each of the Parties in the Loan documents or such Opinion and approved by the Bank.
Sample 1
Opinions of Counsel Concerning Organization and Loan Documents. Each of the Banks and the Agent shall have received favorable opinions addressed to the Banks and the Agent and dated as of the Effective Date (other than for [SECTION] 6.19 opinions), in form and substance satisfactory to the Banks and the Agent from Goodxxx, Xxocter & Hoar xxxh respect to Massachusetts and Maryland law.
Sample 1

Related to Opinions of Counsel Concerning Organization and Loan Documents

  • Opinions of Counsel to Loan Parties Lenders shall have received executed copies of one or more favorable written opinions of (i) Skadden, Arps, Slate, Xxxxxxx & Xxxx LLP, counsel for Loan Parties and (ii) general counsel to Company, each dated as of the Closing Date and reasonably satisfactory to Administrative Agent and as to such matters as Administrative Agent acting on behalf of Lenders may reasonably request (this Agreement constituting a written request by Company to such counsel to deliver such opinions to Lenders).

  • Opinions of Counsel for the Company At Closing Time, the Underwriters shall have received the opinion, dated as of Closing Time, from Xxxxxxxxxx Xxxxxx & Xxxxxxx LLP, counsel for the Company, as to matters set forth in Schedule C hereto.

  • Opinions of Counsel to Credit Parties Agents and Lenders and their respective counsel shall have received originally executed copies of the favorable written opinions of Skadden, Arps, Slate, Xxxxxxx & Xxxx LLP, counsel for Credit Parties, as to such matters as Administrative Agent or Arrangers may reasonably request, dated as of the Closing Date and in form and substance reasonably satisfactory to Administrative Agent and Arrangers (and each Credit Party hereby instructs such counsel to deliver such opinions to Agents and Lenders).

  • Opinions of Counsel for Company At the Closing Time, the Representatives shall have received the favorable opinion, dated as of the Closing Time, of each of Xxxxxxxx and Wedge and Xxxxxx, Hall & Xxxxxxx LLP, counsel for the Company, in form and substance satisfactory to counsel for the Underwriters, together with signed or reproduced copies of such letter for each of the other Underwriters to the effect set forth in Exhibits A and B hereto, respectively, and to such further effect as counsel to the Underwriters may reasonably request.

  • Opinion and 10b-5 Statement of Counsel for the Underwriters The Representatives shall have received on and as of the Closing Date or the Additional Closing Date, as the case may be, an opinion and 10b-5 statement of Xxxxx Xxxx & Xxxxxxxx LLP, counsel for the Underwriters, with respect to such matters as the Representatives may reasonably request, and such counsel shall have received such documents and information as they may reasonably request to enable them to pass upon such matters.

  • Opinions of Counsel to the Company The Underwriters shall have received the opinions and letters, each dated the Closing Date and any Option Closing Date, as the case may be, each reasonably satisfactory in form and substance to the Representative and counsel for the Underwriters, from Carmel, Mxxxxxx & Fxxx LLP, as corporate/securities counsel.

  • Legal Opinions of Counsel The Administrative Agent shall have received an opinion or opinions (including, if requested by the Administrative Agent, local counsel opinions) of counsel for the Loan Parties, dated the Closing Date and addressed to the Administrative Agent and the Lenders, in form and substance acceptable to the Administrative Agent.

  • Opinion and 10b-5 Statement of Counsel for the Company Xxxxxx & Xxxxxxx LLP, counsel for the Company, shall have furnished to the Representatives, at the request of the Company, their written opinion and 10b-5 statement, dated the Closing Date or the Additional Closing Date, as the case may be, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representatives.

  • Opinion and 10b-5 Statement of Counsel for the Initial Purchasers The Representative shall have received on and as of the Closing Date an opinion and 10b-5 statement of Xxxxxxx Xxxxxxx & Xxxxxxxx LLP, counsel for the Initial Purchasers, with respect to such matters as the Representative may reasonably request, and such counsel shall have received such documents and information as they may reasonably request to enable them to pass upon such matters.

  • Opinions of Counsel Receipt by the Administrative Agent of favorable opinions of legal counsel to the Loan Parties, addressed to the Administrative Agent and each Lender, dated as of the Closing Date, and in form and substance satisfactory to the Administrative Agent.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!