Common use of Securitization Opinions Clause in Contracts

Securitization Opinions. The Sellers shall have received the Securitization Opinions, in form and substance reasonably satisfactory to the Sellers, and a letter authorizing the Seller to provide copies of such opinions to its auditors solely as an evidential matter in support of the auditors’ evaluation of management’s assertion that the transfer of the Acquired Assets meets the isolation criterion of ASC 860.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Target Corp)

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Securitization Opinions. The Sellers Purchaser shall have received the Securitization Opinions, in form and substance reasonably satisfactory to the SellersPurchaser, and a letter authorizing the Seller Purchaser to provide copies of such opinions to its auditors solely as an evidential matter in support of the auditors’ evaluation of management’s assertion that the transfer of the Acquired Assets meets the isolation criterion of ASC 860.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Target Corp)

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