Lex Situs Opinion definition

Lex Situs Opinion means, for any Aircraft, an opinion of counsel acceptable to each of the relevant Purchaser and the relevant Seller in respect of such Aircraft in the jurisdiction in which such Aircraft is located at Delivery in respect of such Aircraft, in form and substance satisfactory to both such Purchaser and such Seller;
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Lex Situs Opinion means an opinion of counsel acceptable to Seller and Purchaser in the jurisdiction in which the Aircraft is located at Delivery, covering efficacy of title transfer and the imposition of Taxes, in form and substance satisfactory to Seller and Purchaser. Lien means any mortgage, lien, charge, encumbrance, hypothecation, lease, or other claim, right or interest in any property, whether that right or interest (i) arises by contract or operation of Law and/or
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Lex Situs Opinion means an opinion of counsel acceptable to Seller and Purchaser in the jurisdiction in which the Aircraft is located at Delivery, covering efficacy of title transfer and the imposition of Taxes, in form and substance satisfactory to Seller and Purchaser. Lien means any mortgage, lien, charge, encumbrance, hypothecation, lease, or other claim, right or interest in any property, whether that right or interest (i) arises by contract or operation of Law and/or (ii) is possessory or nonpossessory in nature. Manufacturer is specified in Part I, point 1 of the Purchase Agreement.
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Examples of Lex Situs Opinion in a sentence

  • The Lex Situs Opinion must be issued by counsel acceptable to both Seller and Purchaser, include customary opinions relating to efficacy of title transfer and imposition of taxes and be in a form acceptable to both parties.

Related to Lex Situs Opinion

  • Second opinion means an opportunity or requirement to obtain a clinical evaluation by a provider other than the one originally making a recommendation for a proposed health service to assess the clinical necessity and appropriateness of the initial proposed health service.

  • Fairness Opinion has the meaning set forth in Section 4.22.

  • Tax Opinion means, with respect to any action, an Opinion of Counsel to the effect that, for federal income tax purposes, (i) following such action the Trust will not be deemed to be an association (or publicly traded partnership) taxable as a corporation, (ii) following such action the Trust will be disregarded as a separate entity from the Depositor, and (iii) such action will not affect the tax characterization as debt of Notes of any outstanding Class issued by the Trust for which an Opinion of Counsel has been provided that such Notes are debt.

  • Favorable Opinion of Bond Counsel means an opinion or opinions of nationally recognized bond counsel to the effect that the action proposed to be taken is authorized or permitted by the Certificate and will not adversely affect the exclusion of interest on the Bonds from gross income for purposes of federal income taxation.

  • Withdrawal Opinion of Counsel has the meaning assigned to such term in Section 11.1(b).

  • Opinion means a written, nonbinding, and advisory statement issued by the commission concerning an interpretation of the meaning of the codes or the application of the codes in a specific circumstance issued in response to a specific request by a party to the issue.

  • Opinion of Bond Counsel means a written opinion of Bond Counsel.

  • Certificate of Continuing Program Compliance means the Certificate to be filed by the Owner with the Administrator, on behalf of the Issuer, and the Trustee pursuant to Section 4(f) hereof, which shall be substantially in the form attached as Exhibit C hereto or in such other comparable form as may be provided by the Issuer to the Owner, or as otherwise approved by the Issuer.

  • Participating Certified Clinical Nurse Specialist means a Certified Clinical Nurse Specialist who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Pricing Certificate means an Officer’s Certificate of Company certifying the Consolidated Leverage Ratio as at the last day of any Fiscal Quarter and setting forth the calculation of such Consolidated Leverage Ratio in reasonable detail.