Reliance Letter definition

Reliance Letter means, with respect to any opinion, an executed letter from the issuer of such opinion to the Secured Parties providing that the Secured Parties are permitted to rely on such opinion as if such opinion was addressed to them.

Reliance Letter has the meaning set forth in Section 5.2.

Reliance Letter means SBA’s standard reliance letter pertaining to Environmental Investigation Reports, a copy of which is located in Appendix 5. The language in SBA’s standard reliance letter may not be modified. Additionally, Lenders and CDCs should not enter into any agreement that alters the terms of SBA’s standard reliance letter.

Examples of Reliance Letter in a sentence

• The Tax Opinion and the Reliance Letter delivered as of the Effective Date have been delivered on such basis.

• At the expense of Owner or Administrator, Owner shall have caused (i) Owner to have received a Tax Opinion and (ii) ManagementCo to have received a Reliance Letter, including by having caused all conditions to the delivery of such Tax Opinion and Reliance Letter to have been met.

• In the event such an amendment is proposed, Operator shall prepare and submit to PREB proposed amended Performance Metrics, which amendment shall require and be subject to approval by PREB; provided that to the extent a new category of metrics is added or the methodology for calculating a given metric is modified as part of the amendment, a Tax Opinion and a Reliance Letter shall be obtained, at the cost of Owner or Administrator, with respect to any such amendment.

More Definitions of Reliance Letter

Reliance Letter shall have the meaning ascribed to such term in Section 4(l).

Reliance Letter means SBA’s standard Reliance Letter pertaining to Environmental Investigation Reports, a copy of which is located in Appendix 3.

Reliance Letter means any letter in the agreed form from a provider of a Report and which is addressed to the Agent (on behalf of the Finance Parties) pursuant to which the provider of the Report agrees that the Finance Parties are entitled to rely on such Report.

Reliance Letter means any letter in the agreed form from a provider of a Report and which is addressed to the Security Trustee (on behalf of the Finance Parties and the Mezzanine Finance Parties) or any Arranger on behalf of the Finance Parties and any Mezzanine Arranger on behalf of the Mezzanine Finance Parties or the relevant Finance Parties and the relevant Mezzanine Finance Parties and pursuant to which the provider of the Report agrees that the relevant Finance Parties and the relevant Mezzanine Finance Parties are entitled to rely on such Report subject to and on the terms set out therein.

Reliance Letter has the meaning set forth in Section 7.13. 4832-2222-1976\19

Reliance Letter means a letter from tax counsel, substantially in the form set forth in Exhibit B (Form of Reliance Letter) that shall accompany a Tax Opinion and shall permit Operator to rely on such Tax Opinion.

Reliance Letter. A letter relating to any Environmental Report addressed to the Buyer (or, if applicable, any Single Purpose Entity) from the environmental consultant that prepared such Environmental Report, in form and substance reasonably acceptable to the Buyer, allowing the Buyer (or such Single Purpose Entity) to rely on such Environmental Report.