Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ notice when requested by the Issuer to take any action pursuant to Section 8.4(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such action, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 67 contracts
Samples: Indenture (Carmax Auto Funding LLC), Indenture (Carmax Auto Funding LLC), Indenture (Carmax Auto Funding LLC)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ days notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b8.04(c), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 40 contracts
Samples: Indenture (Premier Auto Trust 1998-1), Indenture (DaimlerChrysler Financial Services Americas LLC), Indenture (Premier Auto Trust 1997-2)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ notice when requested by the Issuer to take any action pursuant to Section 8.4(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b8.4(c), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Indenture Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 26 contracts
Samples: Indenture (SLM Student Loan Trust 2006-7), Indenture (SLM Student Loan Trust 2006-2), Indenture (SLM Student Loan Trust 2007-5)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee (and not at the expense of the Indenture Trustee), stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust EstateCollateral. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 26 contracts
Samples: Indenture (Onyx Acceptance Financial Corp), Indenture (Onyx Acceptance Financial Corp), Indenture (Onyx Acceptance Financial Corp)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b8.4(c), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Indenture Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 25 contracts
Samples: Indenture (Bear Stearns Asset Backed Whole Auto Loan Trust 2003-1), Indenture (Usaa Federal Savings Bank), Indenture (Usaa Federal Savings Bank)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ days notice when requested by the Issuer to take any action pursuant to Section 8.4(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b8.4(c), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Indenture Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 21 contracts
Samples: Indenture (Ford Credit Auto Owner Trust 2005-A), Indenture (Ford Credit Auto Receivables Two LLC), Indenture (Ford Credit Auto Receivables Two L P)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b8.04(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such action, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.. ARTICLE NINE
Appears in 20 contracts
Samples: Indenture (Daimler Trucks Retail Trust 2024-1), Indenture (Daimler Trucks Retail Trust 2023-1), Indenture (Mercedes-Benz Auto Receivables Trust 2023-1)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ notice when requested by the Issuer to take any action pursuant to Section 8.4(a)8.04, accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of CounselCounsel of external counsel of the Issuer, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the perfection or priority of the remaining security for the Notes Recovery Bonds or the rights of the Noteholders Holders in contravention of the provisions of this IndentureIndenture and the Series Supplement; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust EstateRecovery Bond Collateral. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 19 contracts
Samples: Indenture (PG&E Recovery Funding LLC), Indenture (SCE Recovery Funding LLC), Indenture (PG&E Recovery Funding LLC)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ days notice when requested by the Issuer to take any action pursuant to Section 8.4(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 19 contracts
Samples: Indenture (Mmca Auto Owner Trust 2001-3), Indenture (Mmca Auto Owner Trust 2001 2), Indenture (Mmca Auto Owner Trust 2000-2)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b8.4(c), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Indenture Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 18 contracts
Samples: Indenture (SLM Funding LLC), Master Administration Agreement (SLM Funding LLC), Indenture (SLM Funding Corp)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ days notice when requested by the Issuer to take any action pursuant to Section 8.4(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such action, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 16 contracts
Samples: Indenture (CarMax Auto Owner Trust 2011-3), Indenture (CarMax Auto Owner Trust 2013-3), Indenture (CarMax Auto Owner Trust 2011-2)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b8.04(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such action, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 16 contracts
Samples: Indenture (Mercedes-Benz Auto Receivables Trust 2019-1), Indenture (Daimler Retail Receivables LLC), Indenture (Daimler Retail Receivables LLC)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ days written notice when requested by the Issuer Issuer, unless such notice requirement is waived by the Indenture Trustee, to take any action pursuant to Section 8.4(a8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Owner Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 16 contracts
Samples: Indenture (Honda Auto Receivables 2023-2 Owner Trust), Indenture (Honda Auto Receivables 2019-1 Owner Trust), Indenture (Honda Auto Receivables 2019-3 Owner Trust)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ days notice when requested by the Issuer to take any action pursuant to Section 8.4(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 14 contracts
Samples: Indenture (Mmca Auto Receivables Trust Ii), Indenture (Mmca Auto Receivables Trust), Trust Agreement (Mmca Auto Owner Trust 2001-4)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) calendar days’ notice when requested by the Issuer Issuing Entity or the Grantor Trust to take any action pursuant to Section 8.4(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), require as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will shall not materially and adversely impair the security for the Notes Secured Obligations or the rights of the Noteholders Secured Parties in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust EstateCollateral. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 13 contracts
Samples: Indenture (Carvana Auto Receivables Trust 2021-P2), Indenture (Carvana Auto Receivables Trust 2021-N2), Indenture (Carvana Auto Receivables Trust 2021-N3)
Opinion of Counsel. The Indenture Trustee and the Note Insurer shall receive at least seven (7) days’ Business Days notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.5(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders Owners in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust EstateCollateral. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 13 contracts
Samples: Indenture (First Alliance Mortgage Loan Trust 1998-2), Indenture (Imc Securities Inc), Indenture (Imc Home Equity Loan Owner Trust 1997-8)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(a9.10(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee (and not at the expense of the Indenture Trustee), stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust EstatePledged Assets. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 12 contracts
Samples: Indenture (Uacsc Auto Trusts Uacsc 1999-D Owner Trust Auto Rec Bac Note), Indenture (Uacsc Auto Trusts), Indenture (Uacsc 2001-C Owner Trust)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ notice when requested by the Issuer to take any action pursuant to Section 8.4(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b8.4(c), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders or any Swap Counterparty in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Indenture Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 12 contracts
Samples: Indenture (SLM Funding LLC), Indenture (SLM Funding LLC), Indenture (SLM Funding LLC)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ days notice when requested by the Issuer to take any action pursuant to Section 8.4(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such action, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 12 contracts
Samples: Indenture (CarMax Auto Owner Trust 2005-2), Indenture (Carmax Auto Owner Trust 2005-1), Indenture (CarMax Auto Owner Trust 2004-2)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ days notice when requested by the Issuer to take any action pursuant to Section 8.4(a)2.9(a) herein, accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection require with any action contemplated by Section 8.4(b)a copy to the Insurer, as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders or the Insurer in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair market value of the a Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 8 contracts
Samples: Chec Funding LLC, Indenture (Bond Securitization LLC), Renaissance Mortgage Acceptance Corp
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ ' notice when requested by the Note Issuer to take any action pursuant to Section 8.4(a8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders Holders in contravention of the provisions of this Indenture; providedPROVIDED, howeverHOWEVER, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust EstateNote Collateral. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 6 contracts
Samples: Indenture (Comed Funding LLC), Indenture (Comed Funding LLC), Indenture (Comed Funding LLC)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b8.04(c), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Indenture Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 6 contracts
Samples: Indenture (SLM Education Credit Funding LLC), Indenture (SLM Education Credit Funding LLC), Administration Agreement (SLM Education Credit Funding LLC)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b8.4(c), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; providedPROVIDED, howeverHOWEVER, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Indenture Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 6 contracts
Samples: Indenture (SLM Funding Corp), Administration Agreement (SLM Funding LLC), SLM Funding Corp
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ notice when requested by the Issuer to take any action pursuant to Section 8.4(a)8.04, accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of CounselCounsel of external counsel of the Issuer, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes Securitized Utility Tariff Bonds or the rights of the Noteholders Holders in contravention of the provisions of this IndentureIndenture and the Series Supplement; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 6 contracts
Samples: Indenture (Atmos Energy Kansas Securitization I, LLC), Indenture (Kansas Gas Service Securitization I, L.L.C.), Indenture (Kansas Gas Service Securitization I, L.L.C.)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b8.4(c), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders or any Swap Counterparty in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Indenture Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 6 contracts
Samples: Indenture (SLM Funding LLC), Indenture (SLM Funding LLC), Administration Agreement (SLM Funding LLC)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ days notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b8.04(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such action, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 5 contracts
Samples: Indenture (Pooled Auto Securities Shelf LLC), Wachovia Auto Owner Trust 2005-B, Wachovia Auto Owner Trust 2006-A
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ notice when requested by the Issuer to take any action pursuant to Section 8.4(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b8.4(c), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Indenture Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 5 contracts
Samples: Indenture (USAA Auto Owner Trust 2007-2), Indenture (GS Auto Loan Trust 2005-1), Indenture (USAA Auto Owner Trust 2008-1)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b8.04(c), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 5 contracts
Samples: Indenture (DaimlerChrysler Auto Trust 2007-A), Indenture (Daimlerchrysler Auto Trust 2008-B), Indenture (Chrysler Financial Auto Securitization Trust 2010-A)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes Bonds of the affected Series or the rights of the Noteholders Holders of such Bond in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust EstateEstate securing such Series. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 4 contracts
Samples: Criimi Mae CMBS Corp, Criimi Mae CMBS Corp, Criimi Mae CMBS Corp
Opinion of Counsel. The Indenture Trustee and the Indenture Administrator shall receive at least seven (7) days’ notice when requested by the Issuer to take any action pursuant to Section 8.4(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b8.4(c), as a condition to such action, an Opinion of Counsel, addressed to Counsel of the Indenture Trustee, Issuer stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Indenture Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 4 contracts
Samples: Indenture (SLC Student Loan Receivables I Inc), Indenture (SLC Student Loan Trust 2007-1), Indenture (SLC Private Student Loan Trust 2006-A)
Opinion of Counsel. The Indenture Trustee and the Indenture Administrator shall receive at least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b8.4(c), as a condition to such action, an Opinion of Counsel, addressed to the Indenture Trustee, Counsel stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Indenture Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 4 contracts
Samples: SLC Student Loan Receivables I Inc, SLC Student Loan Trust 2005-2, SLC Student Loan Trust 2004-1
Opinion of Counsel. The Indenture Trustee and the Securities Insurer shall receive at least seven (7) days’ days notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.5(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust EstateCollateral. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 3 contracts
Samples: Indenture (Firstplus Investment Corp), Equivantage Acceptance Corp, Firstplus Investment Corp
Opinion of Counsel. The Indenture Trustee shall receive at least seven days notice (7or such shorter period of time as may be agreed upon by the parties hereto) days’ notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.05(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust EstateCollateral. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 3 contracts
Samples: Indenture (Bear Stearns Asset Backed Securities Inc), Residential Asset Funding Corp, Home Equity Securitization Corp
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders [or the [Swap][Cap] Counterparty] in contravention of the provisions of for this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust EstateCollateral. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.. ARTICLE NINE
Appears in 3 contracts
Samples: Indenture (Harley-Davidson Customer Funding Corp.), Indenture (Harley-Davidson Customer Funding Corp.), Indenture (Harley-Davidson Customer Funding Corp.)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ notice when requested by the Issuer to take any action pursuant to Section 8.4(a)8.04, accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of CounselCounsel of external counsel of the Issuer, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes Consumer Rate Relief Bonds or the rights of the Noteholders Holders in contravention of the provisions of this IndentureIndenture and the Series Supplement; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust EstateCRR Bond Collateral. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 3 contracts
Samples: Intercreditor Agreement (Appalachian Consumer Rate Relief Funding LLC), Intercreditor Agreement (Appalachian Consumer Rate Relief Funding LLC), Intercreditor Agreement (Appalachian Consumer Rate Relief Funding LLC)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ days notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b8.04(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such action, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.. ARTICLE NINE
Appears in 3 contracts
Samples: Indenture (WDS Receivables LLC), Pooled Auto Securities Shelf LLC, WDS Receivables LLC
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ notice when requested by the Issuer to take any action pursuant to Section 8.4(a)8.04, accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of CounselCounsel of external counsel of the Issuer, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes Securitization Bonds or the rights of the Noteholders Holders in contravention of the provisions of this IndentureIndenture and the Series Supplement; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 3 contracts
Samples: Securitization Property Servicing Agreement (SIGECO Securitization I, LLC), Securitization Property Servicing Agreement (SIGECO Securitization I, LLC), Securitization Property Servicing Agreement (SIGECO Securitization I, LLC)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ days notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b8.04(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 3 contracts
Samples: Indenture (Nissan Auto Receivables 2002 B Owner Trust), Indenture (Nissan Auto Receivables 2002-a Owner Trust), Indenture (Nissan Auto Receivables 2002 C Owner Trust)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ notice when requested by the Issuer to take any action pursuant to Section 8.4(a)8.04, accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of CounselCounsel of external counsel of the Issuer, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes Nuclear Asset-Recovery Bonds or the rights of the Noteholders Holders in contravention of the provisions of this IndentureIndenture and any Series Supplement; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust EstateCollateral. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 3 contracts
Samples: Indenture (Duke Energy Florida, Llc.), Indenture (Duke Energy Florida, Llc.), Indenture (Duke Energy Florida, Llc.)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ notice when requested by the Issuer to take any action pursuant to Section 8.4(a)8.04, accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of CounselCounsel of external counsel of the Issuer, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes Transition Bonds or the rights of the Noteholders Holders in contravention of the provisions of this IndentureIndenture and the Series Supplement; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust EstateTransition Bond Collateral. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 3 contracts
Samples: Indenture (AEP Transition Funding III LLC), Indenture (AEP Transition Funding III LLC), Indenture (AEP Transition Funding III LLC)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b8.04(c), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Indenture Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 3 contracts
Samples: Indenture (SLM Private Credit Student Loan Trust 2005-A), Indenture (SLM Private Credit Student Loan Trust 2005-B), Indenture (SLM Private Credit Student Loan Trust 2006-A)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ notice when requested by the Issuer to take any action pursuant to Section 8.4(a)8.04, accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of CounselCounsel of external counsel of the Issuer, addressed in form and substance reasonably satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes Deferred Fuel Cost Bonds or the rights of the Noteholders Holders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust EstateDeferred Fuel Cost Collateral. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 3 contracts
Samples: Indenture (Virginia Power Fuel Securitization, LLC), Indenture (Virginia Power Fuel Securitization, LLC), Indenture (Virginia Power Fuel Securitization, LLC)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee and any Swap Counterparties shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture TrusteeTrustee and any Swap Counterparties, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Indenture Trust Estate. Counsel rendering any such opinion may rely, with respect to factual matters without independent investigationinvestigation thereof, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 3 contracts
Samples: Wells Fargo Student Loans Receivables I LLC, SMS Student Loan Trust 2000-B, SMS Student Loan Trust 2000-A
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ notice when requested by the Issuer to take any action pursuant to Section 8.4(a)8.04, accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of CounselCounsel of external counsel of the Issuer, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes Rate Stabilization Bonds or the rights of the Noteholders Holders in contravention of the provisions of this IndentureIndenture and the related Series Supplement; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust EstateRate Stabilization Bond Collateral. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 2 contracts
Samples: Indenture (RSB Bondco LLC), Indenture (RSB Bondco LLC)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee and the Swap Counterparty shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture TrusteeTrustee and the Swap Counterparty, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Indenture Trust Estate. Counsel rendering any such opinion may rely, with respect to factual matters without independent investigationinvestigation thereof, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 2 contracts
Samples: Usa Group Secondary Market Services Inc, Usa Group Secondary Market Services Inc
Opinion of Counsel. The Indenture Trustee shall receive at least seven days' notice (7or such shorter notice acceptable to the Indenture Trustee) days’ notice when requested by the Issuer to take any action pursuant to Section 8.4(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall may also require, except in connection with any action contemplated by Section 8.4(b), require as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, provided that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, as to factual matters, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 2 contracts
Samples: Volkswagen Public Auto Loan Securitization LLC, Vw Credit Leasing LTD
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ days notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.05(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the Interest Rate Swap Agreement or the rights of the Noteholders or the Swap Counterparty in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 2 contracts
Samples: Toyota Auto Finance Receivables LLC, Toyota Auto Finance Receivables LLC
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ days prior written notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of for this Indenture; providedPROVIDED, howeverHOWEVER, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust EstateCollateral. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.. [remainder of this page intentionally left blank]
Appears in 2 contracts
Samples: Newcourt Receivables Corp Ii, Newcourt Receivables Corp Ii
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ days notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b8.04(c), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Master Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 2 contracts
Samples: Daimlerchrysler Services North America LLC, Daimlerchrysler Services North America LLC
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(a)8.04, accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of CounselCounsel of Independent counsel of the Issuer, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes Transition Bonds or the rights of the Noteholders Holders in contravention of the provisions of this IndentureIndenture and the related Series Supplement; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust EstateTransition Bond Collateral. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 2 contracts
Samples: Indenture (Entergy Gulf States Reconstruction Funding I, LLC), Indenture (Entergy Gulf States Reconstruction Funding I, LLC)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b8.4(c), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders and the Swap Counterparty in contravention of the provisions of this Indenture; providedPROVIDED, howeverHOWEVER, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Indenture Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 2 contracts
Samples: Administration Agreement (SLM Funding LLC), SLM Funding LLC
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(aSECTION 8.05(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance reasonably satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; providedPROVIDED, howeverHOWEVER, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel The Indenture Trustee and counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 2 contracts
Samples: Master Indenture (Compucredit Corp), Master Indenture (Compucredit Corp)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.08(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee (and not at the expense of the Indenture Trustee), stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust EstatePledged Assets. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 2 contracts
Opinion of Counsel. The Indenture Trustee shall ------------------ receive at least seven (7) days’ ' notice when requested by the Issuer Owner Trustee to take any action pursuant to Section 8.4(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), require as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will shall not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express -------- ------- an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 2 contracts
Samples: Indenture (Navistar Financial Retail Receivables Corporation), Navistar Financial Retail Receivables Corporation
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ days notice when requested by the Issuer to take any action pursuant to Section Section 8.4(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such action, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 2 contracts
Samples: Indenture (CarMax Auto Owner Trust 2012-1), Indenture (CarMax Auto Owner Trust 2012-2)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ days notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b8.04(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such action, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders or the Swap Counterparty in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.. ARTICLE NINE
Appears in 2 contracts
Samples: Indenture (Wachovia Auto Loan Owner Trust 2007-1), Indenture (Wachovia Auto Owner Trust 2008-A)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ days notice when requested by the Issuer to take any action pursuant to Section 8.4(asubsection 8.09(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance reasonably satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust EstateCollateral. Counsel The Indenture Trustee and counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 2 contracts
Samples: Master Indenture (Advanta Business Recievables Corp), Master Indenture (Associates Credit Card Receivables Corp)
Opinion of Counsel. The Indenture Trustee shall receive at ------------------ least seven (7) days’ days notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.8(a), accompanied by copies of any instruments involved, -------------- and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance reasonably satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express -------- ------- an opinion as to the fair value of the Trust EstateCollateral. Counsel The Indenture Trustee and counsel rendering any such opinion may conclusively rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 2 contracts
Samples: Master Indenture (Spiegel Master Trust), Master Indenture (Spiegel Master Trust)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ notice when requested by the Issuer to take any action pursuant to Section 8.4(a)8.04, accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of CounselCounsel of external counsel of the Issuer, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes Transition Bonds or the rights of the Noteholders Holders in contravention of the provisions of this IndentureIndenture and the related Series Supplement; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust EstateTransition Bond Collateral. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 2 contracts
Samples: Indenture (Aep Texas Central Co), Section Indenture (Aep Texas Central Co)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b8.04(c), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders holders of the Notes in contravention of the provisions of this Indenture; providedPROVIDED, howeverHOWEVER, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Indenture Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 2 contracts
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ notice when requested by the Issuer to take any action pursuant to Section 8.4(a)8.04, accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of CounselCounsel of Independent counsel of the Issuer, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes System Restoration Bonds or the rights of the Noteholders Holders in contravention of the provisions of this IndentureIndenture and the Series Supplement; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust EstateSystem Restoration Bond Collateral. Counsel rendering any such opinion 57 may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 2 contracts
Samples: Indenture (Entergy Texas, Inc.), Indenture (Entergy Texas, Inc.)
Opinion of Counsel. The Indenture Trustee shall receive at ------------------ least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such -------- ------- Opinion of Counsel shall not be required to express an opinion as to the fair value of the Indenture Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 1 contract
Samples: Signet Bank Maryland
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed to the Indenture Trustee, Counsel stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that no such Opinion of Counsel shall be required after the Notes are paid in full or for the release of liens in connection with a Purchased Receivable; and provided, further, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 1 contract
Samples: Paragon Auto Receivables Corp
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(aSECTION 8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; providedPROVIDED, howeverHOWEVER, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 1 contract
Samples: Caterpillar Financial Funding Corp
Opinion of Counsel. The Indenture Trustee shall ------------------ receive at least seven (7) days’ ' prior notice when requested by the Issuer Trust to take any action pursuant to Section 8.4(a)8.05(a) hereof, accompanied by copies of any --------------- instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b)receive, as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be -------- ------- required to express an opinion as to the fair value of the Trust EstateCollateral. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 1 contract
Samples: Ascent Entertainment Group Inc
Opinion of Counsel. The Indenture Trustee shall receive ------------------ at least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders holders in contravention of the provisions of this Indenture; provided, however, that such -------- ------- Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 1 contract
Samples: Asset Backed Securities Corp
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(a)8.04, accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of CounselCounsel of Independent counsel of the Issuer, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes Transition Bonds or the rights of the Noteholders Holders in contravention of the provisions of this IndentureIndenture and the Series Supplement; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust EstateTransition Bond Collateral. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 1 contract
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), require as a condition to such action, an Opinion of CounselCounsel and a Materiality Opinion, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will shall not materially and adversely impair the security for the Notes Secured Obligations or the rights of the Noteholders Secured Parties in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel and Materiality Opinion shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 1 contract
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ days notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b8.04(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such action, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders or the Swap Counterparty in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 1 contract
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b8.4(c), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Indenture Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.any
Appears in 1 contract
Samples: SLM Funding Corp
Opinion of Counsel. The Indenture Trustee shall ------------------ receive at least seven (7) days’ ' written notice when requested by the Issuer to take any action pursuant to Section 8.4(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), require as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will shall not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of -------- ------- Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 1 contract
Samples: Indenture (First Security Bank Na)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b8.04(c), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders holders of the Notes in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Indenture Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.. ARTICLE IX
Appears in 1 contract
Samples: Key Bank Usa National Association
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(aSECTION 8.04(A), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; providedPROVIDED, howeverHOWEVER, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 1 contract
Samples: Caterpillar Financial Funding Corp
Opinion of Counsel. The Indenture Trustee shall receive ------------------ at least seven (7) days’ ' notice when requested by the Issuer Owner Trustee to take any action pursuant to Section 8.4(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), require as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to 45 the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will shall not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express -------- ------- an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 1 contract
Samples: Servicing Agreement (Navistar Financial Retail Receivables Corporation)
Opinion of Counsel. The Indenture Trustee shall receive ------------------ at least seven (7) days’ days notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b8.04(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.. ARTICLE NINE
Appears in 1 contract
Samples: Pooled Auto Securities Shelf LLC
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ days notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b8.04(c), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.. 45 51
Appears in 1 contract
Samples: Daimlerchrysler Auto Trust 2000 B
Opinion of Counsel. The Indenture Trustee shall ------------------ receive at least seven (7) days’ ' prior notice when requested by the Issuer to take any action pursuant to Section 8.4(a)8.05(a) hereof, accompanied by copies of any --------------- instruments involved, and the Indenture Trustee shall may also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust EstateCollateral. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 1 contract
Samples: Ace Securities Corp
Opinion of Counsel. The Indenture Trustee and the Securities Insurer shall receive at least seven (7) days’ days notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.5(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Indenture Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 1 contract
Samples: Firstplus Investment Corp
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.09(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance reasonably satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Master Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust EstateCollateral. Counsel The Indenture Trustee and counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.. ARTICLE NINE
Appears in 1 contract
Samples: Master Indenture (Nordstrom Inc)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ days notice when requested by the Issuer to take any action pursuant to Section 8.4(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b8.4(c), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 1 contract
Samples: Onyx Acceptance Financial Corp
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ notice when requested by the Issuer Issuing Entity [or the Grantor Trust] to take any action pursuant to Section 8.4(a8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 1 contract
Samples: World Omni Auto Receivables LLC
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ days notice when requested by the Issuer to take any action pursuant to Section 8.4(a)2.9(a) above, accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection require with any action contemplated by Section 8.4(b)a copy to the Insurer, as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Class A Notes or the rights of the Noteholders or the Insurer in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair market value of the a Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 1 contract
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ days notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.07(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee (and not at the expense of the Indenture Trustee), stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust EstatePledged Assets. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 1 contract
Opinion of Counsel. The Indenture Trustee shall ------------------ receive at least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to this Section 8.4(a)8.4, accompanied by copies of any instruments ----------- involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), require as a condition to such action, an Opinion of CounselCounsel and an Officer's Certificate, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will shall not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be -------- ------- required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee pursuant to the provisions of this Indenture in connection with any such action.
Appears in 1 contract
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ days notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.05(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b)receive, as a condition to such action, an Opinion of Counsel, addressed in form and substance reasonably satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders or the O/C Holder in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel The Indenture Trustee and counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 1 contract
Samples: Master Indenture (Compucredit Corp)
Opinion of Counsel. The Indenture Trustee shall receive ------------------ at least seven (7) days’ ' notice when requested by the Issuer Owner Trustee to take any action pursuant to Section 8.4(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), require as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will shall not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express -------- ------- an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 1 contract
Samples: Indenture (Navistar Financial Retail Receivables Corporation)
Opinion of Counsel. The Other than as provided in Article X, the -------------------- Indenture Trustee shall receive at least seven (7) days’ days notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.05(a), accompanied by copies of any instruments involvedto be executed, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion opinion of Counselcounsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders or the Note Insurer in contravention of the provisions of this Indenture; provided, however, that such Opinion opinion of Counsel counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 1 contract
Samples: Thornburg Mortgage Asset Corp
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ ' prior notice when requested by the Issuer to take any action pursuant to Section 8.4(a)SECTION 8.05(a) hereof, accompanied by copies of any instruments involved, and the Indenture Trustee shall may also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust EstateCollateral. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 1 contract
Samples: Franchise Finance Corp of America
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) five days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; providedPROVIDED, howeverHOWEVER, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Indenture Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 1 contract
Samples: Indenture (Transworld Insurance Co)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b8.04(c), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the 50 Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 1 contract
Samples: Indenture (Chrysler Financial Auto Securitization Trust 2009-A)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ Business Days prior written notice when requested by the Issuer to take any action pursuant to Section 8.4(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.. 75 84
Appears in 1 contract
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b8.04(c), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 1 contract
Samples: Toyota Motor Credit Corp
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.09(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance reasonably satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Master Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust EstateCollateral. Counsel The Indenture Trustee and counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.. ARTICLE NINE
Appears in 1 contract
Samples: Master Indenture (Nordstrom Inc)
Opinion of Counsel. The Indenture Trustee shall receive at ------------------ least seven (7) days’ days notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.8(a), accompanied by copies of any instruments involved, -------------- and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance reasonably satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, -------- however, that such Opinion of Counsel shall not be required to express an ------- opinion as to the fair value of the Trust EstateCollateral. Counsel The Indenture Trustee and counsel rendering any such opinion may conclusively rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 1 contract
Samples: Master Indenture (Spiegel Inc)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes Bonds of the affected Series or the rights of the Noteholders Holders of such Bond in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust EstateEstate securing such Series. Counsel rendering any such opinion may rely, without independent investigation,, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 1 contract
Samples: Criimi Mae CMBS Corp
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.08(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee (and not at the expense of the Indenture Trustee), stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust EstateProperty. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 1 contract
Samples: Onyx Acceptance Corp
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Indenture Trust Estate. Counsel rendering any such opinion may rely, with respect to factual matters without independent investigationinvestigation thereof, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 1 contract
Samples: Indenture (Wells Fargo Student Loans Receivables I LLC)
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ Business Days prior written notice when requested by the Issuer to take any action pursuant to Section 8.4(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.. ARTICLE IX
Appears in 1 contract
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b8.4(c), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders or any Swap Counterparty in contravention of the provisions of this Indenture; providedPROVIDED, howeverHOWEVER, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Indenture Trust Estate. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 1 contract
Opinion of Counsel. The Indenture Trustee shall receive at least seven (7) days’ ' notice when requested by the Issuer to take any action pursuant to Section 8.4(a8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require, except in connection with any action contemplated by Section 8.4(b), as a condition to such action, an Opinion of Counsel, addressed in form and substance satisfactory to the Indenture Trustee, stating the legal effect of any such action, outlining the steps required to complete such actionthe same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders [or the [Swap][Cap] Counterparty] in contravention of the provisions of for this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Trust EstateCollateral. Counsel rendering any such opinion may rely, without independent investigation, on the accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action.
Appears in 1 contract