Recordation Opinion Sample Clauses

Recordation Opinion. Promptly following the registration of the Aircraft, the recording of the FAA Xxxx of Sale, the Lease and Lease Supplement No. 1 pursuant to the Transportation Code, and the receipt of appropriate and correct recording information from the FAA, Lessee, Owner Trustee and Owner Participant shall receive an opinion addressed to each of them from Aviation Counsel, as to the due registration of the Aircraft, the due recording of such instruments and the lack of filing of any intervening documents with respect to the Aircraft.
Sample 1Sample 2Sample 3See All (5)
AutoNDA by SimpleDocs
Recordation Opinion. Promptly upon the registration of the Aircraft and the recording of the Security Agreement covering the Aircraft with the FAA, the Borrower will deliver to the Lender and the Security Trustee an opinion of special FAA counsel in Oklahoma City, Oklahoma, reasonably acceptable to the Lender, as to the due registration of the Aircraft in the name of the Borrower, and the due recording of the FAA Xxxx of Sale for the Aircraft and the Security Agreement.
Sample 1Sample 2Sample 3
Recordation Opinion. IHE FUNDING CORP. SUBSEQUENT TRANSFER AGREEMENT XXXXX MORTGAGE POOL: 1997-1 JUNE 1997 --------------------------------------------------------------------------
Sample 1
Recordation Opinion. (a) Promptly upon the registration of an Aircraft and the recording of the Security Agreement Supplement covering such Aircraft (together, in the case of the Aircraft relating to the initial Relevant Loan, with the Security Agreement) with the FAA, the Borrower will deliver to the Lender, the Export Credit Guarantor and the Security Trustee an opinion of special FAA counsel in Oklahoma City, Oklahoma, reasonably acceptable to the Lender, as to the due registration of such Aircraft in the name of the Borrower, and the due recording of the FAA Bills of Sale for such Aircraft and the Security Agreement Supplement (together, in the case of the Aircraft relating to the initial Relevant Loan, with the Security Agreement) and the lack of filing of any intervening documents creating a Lien with respect to such Aircraft. (b) Upon each anniversary of the date hereof, the Borrower shall cause to be delivered to the Lender and the Security Trustee an opinion of counsel for the Borrower (which may be in-house counsel) to the effect that (i) during the preceding year there has not occurred any change of New York law (which may contain customary qualifications and exceptions) that would require the taking of any action in order to maintain the perfection or priority of the Lien of the Security Agreement on the Collateral or, if there has been such a change, setting forth the actions so to be taken, and (ii) no additional UCC financing statement, continuation statement or amendment thereof will be necessary during the next twelve months to maintain the perfected security interest of the Security Trustee on the Collateral or identify any such required UCC financing statement, continuation statement or amendment. The Borrower agrees to take all such actions as may be indicated in any such opinion. It is understood by the parties hereto that the obligation of the Borrower to provide annual legal opinions as described in this Section 7.2(b) is based on a third party contractual obligation of the Lender. If at any time the Lender is no longer required by such third party pursuant to any contract, agreement or other instrument to receive the annual opinions described in this Section 7.2(b), the Lender agrees that it shall notify the Borrower of the change in requirement, at which time the Borrower shall no longer be obligated under this Section 7.2(b) to cause to be delivered such annual opinions to the Lender, the Export Credit Guarantor or the Security Trustee. (c) Upon each ...
Sample 1
Recordation Opinion. 26 7.3 Perfection.....................................................................27 7.4 Conduct of Business and Maintenance of Existence...............................27 7.5 Maintenance of Process Agent...................................................27 7.6 Further Assurances.............................................................27 7.7
Sample 1

Related to Recordation Opinion

  • Recordation of Lease Tenant shall not record or file this Lease (or any memorandum hereof) in the public records of any county or state.

  • Opinion of Borrower's Counsel The Lender shall have received the favorable opinion of counsel for the Borrower addressed to the Lender.

  • Perfection Upon Recordation Mortgagor acknowledges that Mortgagee has taken all actions necessary to obtain, and that upon recordation of this Mortgage Mortgagee shall have, to the extent permitted under applicable law, a valid and fully perfected, first priority, present assignment of the Rents arising out of the Leases and all security for such Leases. Mortgagor acknowledges and agrees that upon recordation of this Mortgage Mortgagee’s interest in the Rents shall be deemed to be fully perfected, “xxxxxx” and enforced as to Mortgagor and to the extent permitted under applicable law, all third parties, including, without limitation, any subsequently appointed trustee in any case under Title 11 of the United States Code (the “Bankruptcy Code”), without the necessity of commencing a foreclosure action with respect to this Mortgage, making formal demand for the Rents, obtaining the appointment of a receiver or taking any other affirmative action.

  • Opinion of Company Counsel On each Closing Date, there shall have been furnished to you, as Representative of the several Underwriters, the opinions of (i) Xxxx Xxxxxxxx LLP, counsel for the Company, and Xxxxxx Xxxxxxx Xxxxx & Bear, LLP, intellectual property counsel for the Company, dated such Closing Date and addressed to you, in form and substance satisfactory to you.

  • Recordation of Agreement This Agreement (or an abstract hereof, if acceptable to the applicable recording office) is subject to recordation in all appropriate public offices for real property records in all the towns or other comparable jurisdictions in which any or all of the Mortgaged Properties are situated, and in any other appropriate public office or elsewhere, such recordation to be effected by the Master Servicer and at its expense on direction by the Trustee, but only upon direction accompanied by an Opinion of Counsel to the effect that such recordation materially and beneficially affects the interests of the Certificateholders. For the purpose of facilitating the recordation of this Agreement as herein provided and for other purposes, this Agreement may be executed simultaneously in any number of counterparts, each of which counterparts shall be deemed to be an original, and such counterparts shall constitute but one and the same instrument.

  • Recordation of Assignments of Mortgage To the extent permitted by applicable law, each of the Assignments of Mortgage is subject to recordation in all appropriate public offices for real property records in all the counties or their comparable jurisdictions in which any or all of the Mortgaged Properties are situated, and in any other appropriate public recording office or elsewhere, such recordation to be effected at the Seller's expense in the event recordation is either necessary under applicable law or requested by the Purchaser at its sole option.

  • Acceptance by Administrative Agent; Recordation in Register Upon its receipt of an Assignment Agreement executed by an assigning Lender and an assignee representing that it is an Eligible Assignee, together with the processing and recordation fee referred to in subsection 10.1B(i) and any forms, certificates or other evidence with respect to United States federal income tax withholding matters that such assignee may be required to deliver to Administrative Agent pursuant to subsection 2.7B(iv), Administrative Agent shall, if Administrative Agent and Company have consented to the assignment evidenced thereby (in each case to the extent such consent is required pursuant to subsection 10.1B(i)), (a) accept such Assignment Agreement by executing a counterpart thereof as provided therein (which acceptance shall evidence any required consent of Administrative Agent to such assignment), (b) record the information contained therein in the Register, and (c) give prompt notice thereof to Company. Administrative Agent shall maintain a copy of each Assignment Agreement delivered to and accepted by it as provided in this subsection 10.1B(ii).

  • Legal Opinion 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 Credit Parties, dated the Closing Date and addressed to the Administrative Agent and the Lenders, in form and substance acceptable to the Administrative Agent (which shall include, without limitation, opinions with respect to the due organization and valid existence of each Credit Party, opinions as to perfection of the Liens granted to the Administrative Agent pursuant to the Security Documents and opinions as to the non-contravention of the Credit Parties’ organizational documents and Material Contracts).

  • Recordation Each Grantor authorizes and requests that the Register of Copyrights, the Commissioner for Patents and the Commissioner for Trademarks and any other applicable government officer record this IP Security Agreement.

  • Opinion of Counsel to the Borrower A favorable written opinion (addressed to the Administrative Agent and the Lenders and dated the Effective Date) of Dechert LLP, counsel for the Obligors, in form and substance reasonably acceptable to the Administrative Agent and covering such matters as the Administrative Agent may reasonably request (and the Borrower hereby instructs such counsel to deliver such opinion to the Lenders and the Administrative Agent).

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