Common use of Recording and Opinions Clause in Contracts

Recording and Opinions. (a) The Company shall furnish to the Trustee and the Collateral Agent simultaneously with the execution and delivery of this Indenture an Opinion of Counsel either (i) stating that in the opinion of such counsel all action has been taken with respect to the recording, registering and filing of this Indenture, financing statements or other instruments necessary to make effective the Lien intended to be created by the Security Agreement, and reciting with respect to the security interests in the Pledged Collateral, the details of such action, or (ii) stating that, in the opinion of such counsel, no such action is necessary to make such Lien effective.

Appears in 2 contracts

Samples: Indenture (Avatex Corp), Indenture (Avatex Funding Inc)

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Recording and Opinions. (a) The Company shall furnish to the Trustee and the Collateral Agent simultaneously with the execution and delivery of this Indenture an Opinion of Counsel either (i) stating that in the opinion of such counsel all action has been taken with respect to the recording, registering and filing of this Indenture, financing statements or other instruments necessary to make effective the Lien intended to be created by the Security Proceeds Pledge and Escrow Agreement, and reciting with respect to the security interests in the Pledged Collateral, the details of such action, or (ii) stating that, in the opinion of such counsel, no such action is necessary to make such Lien effective.

Appears in 2 contracts

Samples: Indenture (Iat Multimedia Inc), Indenture (Interamericas Communications Corp)

Recording and Opinions. (a) The Company shall furnish to the Trustee and the Collateral Agent simultaneously with promptly after the execution and delivery of this Indenture (but in no event later than five Business Days after the Issue Date) an Opinion of Counsel either (i) stating that in the opinion of such counsel all action has been taken with respect to the recording, registering and filing of this Indenture, financing statements or other instruments necessary to make effective the Lien intended to be created by the Security Agreement, Escrow Agreement and reciting with respect to the security interests in the Pledged Collateral, Collateral the details of such action, or (ii) stating that, that in the opinion of such counsel, counsel no such action is necessary to make such Lien effective.

Appears in 2 contracts

Samples: Indenture (Golden Sky Systems Inc), RCN Corp /De/

Recording and Opinions. (a) The Company shall furnish to the Trustee and the Collateral Agent simultaneously with the execution and delivery of this Indenture an Opinion of Counsel either (i) stating that in the opinion of such counsel all action has been taken with respect to the recording, registering and filing of this Indenture, financing statements or other instruments necessary to make effective the Lien intended to be created by the Security Escrow Agreement, and reciting with respect to the security interests in the Pledged Escrow Collateral, the details of such action, or (ii) stating that, in the opinion of such counsel, no such action is necessary to make such Lien effective.

Appears in 2 contracts

Samples: Indenture (Versatel Telecom International N V), Versatel Telecom Bv

Recording and Opinions. (a) The To the extent required by TIA Section 314(b), the Company shall furnish to the Trustee and the Collateral Agent simultaneously with the execution and delivery of this Indenture an Opinion of Counsel either (i) stating that substantially to the effect that, in the opinion of such counsel counsel, either (i) all action has been taken with respect to the recording, registering and filing of this Indenture, financing statements or other instruments necessary to make effective the Lien intended to be created by the Security AgreementCollateral Documents and reciting, and reciting with respect to the security interests in the Pledged Collateral, the details of such action, action or (ii) stating that, in the opinion of such counsel, no such action is necessary to make such Lien effective.

Appears in 1 contract

Samples: Intercreditor Agreement (Interstate Bakeries Corp/De/)

Recording and Opinions. (a) The Company shall furnish to the Trustee and the Collateral Agent simultaneously with the execution and delivery of this Indenture Agreement an Opinion of Counsel either (i) stating that in the opinion of such counsel all action has been taken with respect to the recording, registering and filing of this IndentureAgreement, financing statements or other instruments necessary to make effective the Lien intended to be created by this Agreement and the Security AgreementCollateral Documents, and reciting with respect to the security interests in the Pledged Collateral, the details of such action, or (ii) stating that, in the opinion of such counsel, no such action is necessary to make such Lien effective.

Appears in 1 contract

Samples: Guaranty Agreement (Sf Holdings Group Inc)

Recording and Opinions. (a) The Company shall furnish to the Trustee and the Collateral Agent simultaneously with the execution and delivery of this Indenture an Opinion of Counsel either (i) stating that in the opinion of such counsel all action has been taken with respect to the recording, registering and filing of this Indenture, the Mortgages, financing statements or other instruments necessary to make effective the Lien intended to be created by the Security AgreementAgreements, and reciting with respect to the security interests in the Pledged Collateral, the details of such action, or (ii) stating that, in the opinion of such counsel, no such action is necessary to make such Lien effective.

Appears in 1 contract

Samples: Royster-Clark Nitrogen Realty LLC

Recording and Opinions. (a) The Company shall furnish to the Trustee and the Collateral Agent simultaneously with Existing Notes Trustee promptly after the execution and delivery of this Indenture an Opinion of Counsel either (i) stating that in the opinion of such counsel all action has been taken with respect to the recording, registering and filing of this Indenture, financing statements or other instruments necessary to make effective the Lien intended to be created by the Security Agreement, Escrow Agreement and reciting with respect to the security interests in the Pledged Collateral, Collateral the details of such action, or (ii) stating that, that in the opinion of such counsel, counsel no such action is necessary to make such Lien effective.

Appears in 1 contract

Samples: Optel Inc

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Recording and Opinions. (a) The Company shall furnish to the Trustee and the Collateral Agent simultaneously with the execution and delivery of this Indenture an Opinion of Counsel either (i) stating that in the opinion of such counsel all action has been taken with respect to the recording, registering and filing of this Indenture, financing statements or other instruments necessary to make effective the Lien intended to be created by the Security Proceeds Pledge and Escrow Agreement, and reciting with respect 83 to the security interests in the Pledged Collateral, the details of such action, or (ii) stating that, in the opinion of such counsel, no such action is necessary to make such Lien effective.

Appears in 1 contract

Samples: Indenture (Iat Multimedia Inc)

Recording and Opinions. (a) The Company shall furnish to ---------------------- the Trustee and the Collateral Agent simultaneously with the execution and delivery of this Indenture an Opinion of Counsel either (i) stating that that, in the opinion of such counsel counsel, either (i) all action has been taken with respect to the recording, registering and filing of this Indenture, financing statements or other instruments necessary to make effective the Lien intended to be created by the Security Collateral Agreement, and reciting with respect to the security interests in the Pledged Collateral, the details of such action, or (ii) stating that, in the opinion of such counsel, no such action is necessary to make such Lien effective.

Appears in 1 contract

Samples: Cybernet Internet Services International Inc

Recording and Opinions. (a) The Company shall furnish to the Trustee and the Collateral Agent simultaneously with the execution and delivery of this Indenture an Opinion of Counsel either (i) stating that in the opinion of such counsel all action has been taken with respect to the recording, registering and filing of this Indenture, financing statements or other instruments necessary to make effective the Lien intended to be created by the Security Pledge and Escrow Agreement, and reciting with respect to the security interests in the Pledged Collateral, the details of such action, action or (ii) stating that, in the opinion of such counsel, no such action is necessary to make such Lien effective.

Appears in 1 contract

Samples: Indenture (Omni Med B Inc)

Recording and Opinions. (a) The Company shall furnish to the Trustee and the Collateral Agent simultaneously with the execution and delivery of this Indenture an Opinion of Counsel either (i) stating that in the opinion of such counsel all action has been taken with respect to the recording, registering and filing of this Indenture, financing statements or other instruments necessary to make effective the Lien intended to be created by the Security Agreement, and reciting with respect to the security interests in the Pledged Collateral, the details of such action, or (ii) stating that, in the opinion of such counsel, no such action is necessary to make such Lien effective.

Appears in 1 contract

Samples: Xm Satellite Radio Inc

Recording and Opinions. (a) The Company shall furnish to the Indenture Trustee and the Collateral Agent simultaneously with the execution and delivery of this Indenture an Opinion of Counsel either (i) stating that in the opinion of such counsel all action has been taken with respect to the recording, registering and filing of this Indenture, financing statements or other instruments necessary to make effective and perfect the Lien intended to be created by the Security AgreementDocuments, and reciting with respect to the security interests in the Pledged Collateral, the details of such action, or (ii) stating that, in the opinion of such counsel, no such action is necessary to make such Lien effective.

Appears in 1 contract

Samples: Indenture (Transtel S A)

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