Name of Opinion Recipient] [Date of Opinion] Page 10Opinion Letter • September 23rd, 2020 • Florida
Contract Type FiledSeptember 23rd, 2020 JurisdictionThis illustrative form of opinion letter is for use when Opining Counsel is acting as local counsel. It assumes that: (i) the Transaction is a multi-state loan transaction in which the lender is located in New York, (ii) the Loan Agreement expressly provides that it is governed by the law of the State of New York, (iii) the Mortgage and the Assignment of Leases and Rents provide that they are governed by Florida law, (iv) the Client entity is a Delaware entity that has operations and properties in Florida and is authorized to transact business in Florida, and (v) the collateral pledged pursuant to the Transaction Documents (in this case real property, fixtures and personal property) is located in Florida. Further, although the illustrative facts of this illustrative form of opinion letter include the grant of a security interest in Client entity's personal property located in Florida to secure the loan, because the creation, attachment and perfection of such security interest will be g