Non-Consolidation Opinion definition

Non-Consolidation Opinion means that certain substantive non-consolidation opinion delivered to Lender in connection with the closing of the Loan.

Non-Consolidation Opinion shall have the meaning provided in Section 2.5.5.

Non-Consolidation Opinion means that certain bankruptcy non-consolidation opinion dated the date hereof delivered by Xxxxxxx Xxxxxx LLP in connection with the Loan and relating to Borrower and Ashford Keys Senior Operating Lessee.

Examples of Non-Consolidation Opinion in a sentence

• All of the assumptions made in the Non-Consolidation Opinion, including, but not limited to, any exhibits attached thereto and/or certificates delivered in connection therewith, are true, complete and correct in all material respects.

More Definitions of Non-Consolidation Opinion

Non-Consolidation Opinion means a reasoned opinion of Seller’s legal counsel, in form that is reasonably acceptable to Buyer, addressed to Buyer as to the non-consolidation of Seller in a bankruptcy proceeding of any partner or member of Seller.

Non-Consolidation Opinion shall have the meaning given to such term in the definition of the term "Single-Purpose" in this SECTION 1.1.

Non-Consolidation Opinion means that certain bankruptcy non-consolidation opinion letter dated the date hereof delivered by Hunton Xxxxxxx Xxxxx LLP in connection with the Loan.

Non-Consolidation Opinion. As defined in Section 2.19(t).

Non-Consolidation Opinion has the meaning set forth in Section 4.41.

Non-Consolidation Opinion shall have the meaning specified in Section 3.1(f).

Non-Consolidation Opinion means, collectively (i) that certain bankruptcy non-consolidation opinion dated the date hereof delivered by Gardere Xxxxx Xxxxxx LLP in connection with the Loan and relating to Borrower and (ii) that certain bankruptcy non-consolidation opinion dated the date hereof delivered by Gardere Xxxxx Xxxxxx LLP in connection with the Loan and relating to Additional Pledgor.