Common use of Subsequent Opinion of Counsel as to Recording Requirements Clause in Contracts

Subsequent Opinion of Counsel as to Recording Requirements. In the event that the Borrower or any Subsidiary shall transfer its principal place of business or the office where it keeps its records pertaining to the Collateral, upon the Agent’s request the Borrower will provide to the Agent a subsequent opinion of counsel as to the filing, recording and other requirements with which the Borrower and its Subsidiaries have complied to maintain the Lien and security interest in favor of the Agent, for the ratable benefit of the Lenders and for the benefit of the Agent with respect to the Agent’s Obligations, in the Collateral.

Appears in 2 contracts

Samples: Financing and Security Agreement (Dcap Group Inc), Financing and Security Agreement (Dcap Group Inc)

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Subsequent Opinion of Counsel as to Recording Requirements. In the event that the any Borrower or any Subsidiary shall transfer its principal place of business or the office where it keeps its records pertaining to the Collateral, upon the Administrative Agent’s 's request the Borrower Borrowers will provide to the Administrative Agent a subsequent opinion of counsel as to the filing, recording and other requirements with which the Borrower Borrowers and its their Subsidiaries have complied to maintain the Lien and security interest in favor of the Administrative Agent, for the ratable benefit of the Lenders and for the benefit of the Administrative Agent with respect to the Agent’s Agents' Obligations, in the Collateral.

Appears in 2 contracts

Samples: Financing and Security Agreement (Walbro Corp), Financing and Security Agreement (Walbro Corp)

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