This form is an opinion of local counsel for the lessee. The form provides that none of the agents and the lenders are required under the laws of the state to qualify as a foreign corporation, foreign trust company or otherwise in the state, or to file any designation for service of process in the state, solely as a result of its execution, delivery and performance of the subject documents to which it is a party.
Indiana Form of Opinion of Local Counsel for Lessee
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Multi-State
Control #:
US-60948
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Word;
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How to fill out Form Of Opinion Of Local Counsel For Lessee?
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FAQ
Opinion of Counsel means a written opinion from legal counsel who is acceptable to the Trustee. The counsel may be an employee of or counsel to the Company or the Trustee.
Borrower's Counsel is responsible for reviewing the provisions of the Tax Credit Documents to ensure the documents are consistent with the required opinion concerning the supremacy of the Primary Loan Documents and the Supporting Loan Documents.
Loan opinion letters are provided by legal counsel for borrowers and provide a number of opinions including the assurance that loan documents will be binding under the law of the jurisdiction, the borrower and guarantor entities have the necessary signing authority, and that such entities have been properly formed.
Opinion of Borrower's Counsel means an opinion rendered to the Lender by Borrower's counsel in a form acceptable to the Lender and its counsel.
Definition of counsel 1a : advice given especially as a result of consultation He was unwise to reject my counsel. b : a policy or plan of action or behavior. 2 : deliberation, consultation.
Definition of 'take counsel'to discuss and deliberate; exchange advice, opinions, etc.
The definition of counsel is advice given or an exchange of ideas or opinions. An example of counsel is someone going to their mother for advice.
With respect to law, opinion primarily refers to a judicial opinion, which is a court's written statement explaining the court's decision for the case.
Just as a tenant's estoppel certificate is relied upon by a lender as to the status of a lease and ostensibly precludes a tenant from later arguing about issues pertaining to its lease, the attorney opinion letter allow the lender to rely on the opinion of borrower's counsel as to certain matters relating to its