Closing Conditions - Initial Loan Clause Samples

Closing Conditions - Initial Loan. The Lender shall not be required to make the initial loan contemplated herein unless the Lender has been provided with: (a) Opinion of Counsel for the Company. An opinion of ▇▇▇▇▇▇ ▇. ▇▇▇▇▇, Esq., General Counsel of the Company, dated as of June 17, 1994 ("Closing Date"), addressed to the Lender, substantially in the form of SCHEDULE G hereto, and containing such further opinions, in form and substance satisfactory to the Lender, as to such other legal matters incident to the transactions contemplated by this Agreement as the Lender may reasonably request. In giving the foregoing opinion, counsel for the Company may rely, to the extent he considers appropriate, on the opinions satisfactory in form and substance to the Lender, of local counsel satisfactory to the Lender as to matters governed by the law of any State other than Mississippi; provided, that each opinion so relied upon states that it may be relied upon by the Lender, and a copy thereof is delivered to the Lender.