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.
Kansas Form of Opinion of Local Counsel for Lessee
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Multi-State
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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
What is Legal Opinion? Legal opinion is a tool that allows parties to a transaction obtain a qualified third-party opinion on the subject, object and other issues related to the conclusion of the transaction. It is a document drawn up by a competent lawyer on any specific question or problem.
Enforceability Opinion means a reasoned opinion of Seller's outside legal counsel in a form reasonably acceptable to, and addressed to, Buyer as to the enforceability and due authorization of this Agreement.
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.
The purpose of a legal opinion in a transaction is to provide an additional layer of assurance to the party receiving the opinion. In loan transactions in the United States, it is customary for the borrower's counsel to provide an opinion to the lender (but not vice versa).
Also called an opinion letter. An opinion from lawyers issued in letter form expressing legal conclusions about and/or legal analysis of a transaction or matter which is relied on by the addressee of the opinion.
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
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.
: capable of being enforced especially as legal or valid creditors with enforceable contract rights L. H. Tribe.
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.
An opinion letter, also called a legal opinion, is a letter issued by a legal counsel that facilitates a lender's due diligence process in a transaction.