Common use of True Sale Opinion Clause in Contracts

True Sale Opinion. The Purchaser shall have received the True Sale Opinion, in form and substance reasonably satisfactory to the Purchaser, and a letter authorizing the Purchaser to provide a copy of such opinion 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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True Sale Opinion. The Purchaser Sellers shall have received the True Sale Opinion, in form and substance reasonably satisfactory to the PurchaserSellers, and a letter authorizing the Purchaser Sellers to provide a copy of such opinion 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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True Sale Opinion. The Purchaser and the Company Entities shall have received the True Sale Opinion, in form and substance reasonably satisfactory to the PurchaserPurchaser and the Company Entities, and a letter authorizing the Purchaser and the Company Entities to provide a copy of such opinion to its each party’s respective auditors solely as an evidential matter in support of the such auditors’ evaluation of management’s assertion that the transfer of the Acquired Assets meets the isolation criterion of ASC 860.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Nordstrom Inc)

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