Bankruptcy Opinion means each opinion of counsel regarding true sale and substantive consolidation matters delivered to the Administrator and each Purchaser Group (including, without limitation, such opinion delivered on the Closing Date).
Bankruptcy Opinion means each opinion of Ballard Spahr Andrews & Ingersoll, LLP regarding true sale and substantive consolidation matters delivered to the Administrator and each Purchaser Group (including, without limitation, such opinion delivered on the Closing Date).
Bankruptcy Opinion means (i) with respect to any Series, the Opinion of Counsel regarding true sale and substantive consolidation issues rendered in connection with the original issuance of such Series, and (ii) with respect to any other action, an Opinion of Counsel substantially in the form of the opinion referred to in clause (i) above. "Base Amount" is defined, for purposes of any Series, in the applicable Supplement.
Examples of Bankruptcy Opinion in a sentence
The Transferor will comply in all material respects with any requirements for future action set forth in the section entitled "Assumptions of Fact" in the Bankruptcy Opinion, with respect to the Facility Documents.
The statements of fact in the section entitled "Assumptions of Fact" in the bankruptcy opinion of Lxxxxx & Wxxxxxx LLP, dated as of the Closing Date (together with any subsequent bringdown opinions of Lxxxxx & Wxxxxxx LLP delivered thereafter, the "Bankruptcy Opinion"), are true and correct in all material respects.
More Definitions of Bankruptcy Opinion
Bankruptcy Opinion has the meaning set forth in Section 4.1(kk).
Bankruptcy Opinion means (i) with respect to any Series, the Opinion of Counsel regarding true sale and substantive consolidation issues rendered in connection with the original issuance of such Series, and (ii) with respect to any other action, an Opinion of Counsel substantially in the form of the opinion referred to in clause (i) above.
Bankruptcy Opinion means an opinion to the effect that if the Borrower or the general partner of the Borrower were a debtor under the U.S. Bankruptcy Code, a court would not have valid legal grounds to cause the Borrower to be substantively consolidated with any other Person and (ii) the "10b-5 Opinion" shall mean an opinion or other written assurance of counsel acceptable to Lender and its counsel regarding the absence of any misstatement of a material fact, or the omission to state a material fact in any materials, other than financial information with respect to the Properties or the Loan, provided by the Borrower to the Lender in connection with the origination of the Loan, including without limitation information with respect to the Mortgage, the Mortgaged Property, the Manager, the Borrower and other legal aspects of the Mortgage Loan. The 10b-5 Opinion shall be delivered at Lender's expense, provided, however, that Borrower shall pay all expenses in connection with the 10b-5 Opinion exceeding $20,000. Borrower's failure to deliver the opinions required hereby within ten (10) Business Days shall constitute an "Event of Default" hereunder;
Bankruptcy Opinion means an opinion to the effect that if the Grantor or the general partner of the Grantor were a debtor under the U.S. Bankruptcy Code, a court would not have valid legal grounds to cause the Grantor to be substantively consolidated with any other Person and (ii) the "10b-5 Opinion" shall mean an opinion or other written assurance of counsel acceptable to Beneficiary and its counsel regarding the absence of any misstatement of a material fact, or the omission to state a material fact in any materials provided by the Grantor to the Beneficiary in connection with the origination of the Loan. (C) make such representations and warranties as of the closing date of the Securitization with respect to the Properties, Grantor, and the Loan Documents as are customarily provided in securitization transactions and as may be reasonably requested by the holder of the Note or the Rating Agencies and consistent with the facts covered by such representations and warranties as they exist on the date thereof, including the representations and warranties made in the Loan Documents; and
Bankruptcy Opinion means an opinion to the effect that if the Mortgagor or the general partner of the Mortgagor were a debtor under the U.S. Bankruptcy Code, a court would not have valid legal grounds to cause the Mortgagor to be substantively consolidated with any other Person and (ii) the "10b-5 Opinion" shall mean an opinion or other written assurance of counsel acceptable to Mortgagee and its counsel regarding the absence of any misstatement of a material fact, or the omission to state a material fact in any materials, other than financial information with respect to the Properties or the Loan, provided by the Mortgagor to the Mortgagee in connection with the origination of the Loan, including without limitation information with respect to the Mortgage, the Mortgaged Property, the Manager, the Mortgagor and other legal aspects of the Mortgage Loan. The 10b-5 Opinion shall be delivered at Mortgagee's expense, provided, however, that Mortgagor shall pay all expenses in connection with the 10b-5 Opinion exceeding $20,000. Mortgagor's failure to deliver the opinions required hereby within ten (10) Business Days shall constitute an "Event of Default" hereunder;