Common use of Closing Date Opinions of Counsel Clause in Contracts

Closing Date Opinions of Counsel. On the Closing Date, the Underwriter shall have received the favorable opinion of (i) Xxxxxxx Procter LLP, U.S. legal counsel to the Company and (ii) Xxxxxx & Xxxxxxx PC, Xxxxxxxx Islands counsel to the Company, in form and substance reasonably satisfactory to the Underwriter.

Closing Date Opinions of Counsel. (a) On the Closing Date, the Underwriter Underwriters shall have received the favorable opinion of (i) Xxxxxxx Procter Xxxxxxxxxx & Xxxxx LLP, U.S. legal counsel to the Company and (ii) Xxxxxx & Xxxxxxx PC, Xxxxxxxx Islands counsel to the Company, and letter of negative assurance, in each case dated the Closing Date and in form and substance reasonably satisfactory to the UnderwriterManaging Underwriter and agreed upon prior to the Effective Date.