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.
Salt Lake Utah Form of Opinion of Local Counsel for Lessee
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State:
Multi-State
County:
Salt Lake
Control #:
US-60948
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Word;
Rich Text
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How to fill out Form Of Opinion Of Local Counsel For Lessee?
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FAQ
The Legal Opinion 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).
A legal opinion is a formal letter from your company's corporate counsel to the investors containing counsel's conclusions about various legal matters relevant to the company and the transaction, based on counsel's review of a defined body of documents and information.
In law, a legal opinion is in certain jurisdictions a written explanation by a judge or group of judges that accompanies an order or ruling in a case, laying out the rationale and legal principles for the ruling.
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. (archaic) Wisdom or judgment.
A Formal Opinion Letter represents the Commission's official position on matter raised and reliance upon it may provide a defense to liability. A formal opinion letter is approved by a vote of the Commission and is signed by the Commission's Legal Counsel on behalf of and as approved by the Commission.
Understanding opinion letters and the fees associated with them may help a borrower reduce legal fees associated with a loan. An opinion letter facilitates the lender's due diligence and is required by all conduit lenders and by some banks and some insurance company lenders depending upon the size of the loan.
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.
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.
Legal Definition of assistance of counsel : the help of a lawyer which a defendant in a criminal prosecution is guaranteed by the Sixth Amendment to the U.S. Constitution see also ineffective assistance of counsel, Powell v. Alabama.
Counsel Add to list Share. When you give counsel or counsel someone, you give advice. If your neighbor is suing you because your dog keeps eating his begonias, you might seek the counsel of a dog trainer or, if that doesn't work, a lawyer.
