Reliance Letters Clause Samples
A Reliance Letter is a document that allows a third party, who was not originally addressed in a professional report or opinion, to rely on the contents of that report as if it were addressed to them. Typically, this clause is used in transactions where lenders, investors, or other stakeholders require assurance that they can depend on the accuracy and validity of reports prepared by consultants, engineers, or other professionals. By providing a Reliance Letter, the professional extends their duty of care to the third party, thereby facilitating trust and enabling the transaction to proceed smoothly by ensuring all relevant parties have the necessary legal assurances.
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Reliance Letters. Seller shall (a) obtain from those Persons who prepared the Reports described on Schedule 5.10.4 and (b) use Commercially Reasonable Efforts to obtain from those Persons who prepared material Reports that are not described on Schedule 5.10.4 but that are part of the Project Assets and that Purchaser reasonably request, in each case, customary and reasonable letters or other authorizations from such Persons, which letters or other authorizations will allow Purchaser to rely on such Reports.
Reliance Letters. Counsel to NMAC, the Depositor or the Titling Trustee shall provide reliance letters to the Representative, as representative of the Underwriters, relating to each legal opinion relating to the transactions contemplated by this Agreement rendered to the Owner Trustee, the Titling Trustee or any of the Rating Agencies (or the Representative, as representative for the Underwriters, shall be an addressee to each such legal opinion).
Reliance Letters. The Shareholders shall have received letters addressed to them by Arth▇▇ ▇▇▇e▇▇▇▇ ▇▇▇ and Chamberlain, Hrdlicka, White, Will▇▇▇▇ & ▇art▇▇, ▇▇rmitting the shareholders to rely on the comfort or opinion letters to be delivered by those firms to the underwriters at the closing of the IPO, to the extent such letters bear upon tax matters relating to the Merger, and the accuracy or completeness of the Registration Statement or its compliance with the Securities Act and other applicable law.
Reliance Letters. At the Closing Time, counsel to CarMax and the Depositor shall provide reliance letters to the Underwriters relating to each legal opinion relating to the transaction contemplated hereby rendered to either Trustee or either Rating Agency.
Reliance Letters. The Agents shall, unless otherwise agreed, have received reliance letters, dated the date of the making of the initial Credit Extension and addressed to each Lender and each Agent, in respect of each of the legal opinions (other than "disclosure" and other similar opinions) delivered in connection with the Transaction.
Reliance Letters. Upon the request of the Agent, the Borrower shall provide to the Agent within five (5) Business Days, reliance letters with respect to all legal opinions delivered on the Closing Date (or new legal opinions addressing the same matters covered in the original legal opinions) addressed to any entity which becomes a Program Support Provider after the Closing Date, to the extent such legal opinions did not permit reliance when delivered.
Reliance Letters. Counsel to the Depositor shall provide reliance letters to the Underwriters relating to each legal opinion relating to the transaction contemplated hereby or in the Terms Agreement rendered to either Trustee or either Rating Agency.
Reliance Letters. Sellers shall use good faith efforts at the cost and expense of Purchaser to obtain reliance letters in favor of Purchaser in respect of any third-party reports obtained by Sellers or Lender in connection with the Assumed Debt.
Reliance Letters. With respect to Section 7(m) above, in lieu of delivering such opinions or letters for Representation Dates subsequent to the commencement of the offering of the Shares under this Agreement such counsel may furnish Wedbush with a letter (a “Reliance Letter”) to the effect that Wedbush may rely on a prior opinion or letter delivered under Section 7(m) to the same extent as if it were dated the date of such letter (except that statements in such prior opinion or letter shall be deemed to relate to the Registration Statement and the Prospectus as amended or supplemented as of such Representation Date).
Reliance Letters. Counsel to each of the Depositor and the Sponsor shall provide reliance letters to the Underwriters relating to each legal opinion relating to the transaction contemplated hereby or in the Terms Agreement rendered to either Trustee or either Rating Agency.