Common use of Opinion Clause in Contracts

Opinion. On the Closing Date, it shall deliver to Laurus an opinion acceptable to Laurus from each Company’s legal counsel. Each Company will provide, at the Companies’ joint and several expense, such other legal opinions in the future as are reasonably necessary for the exercise of the Warrants.

Appears in 8 contracts

Samples: Security and Purchase Agreement (Micro Component Technology Inc), Security Agreement (Impart Media Group Inc), Security Agreement (Path 1 Network Technologies Inc)

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Opinion. On the Closing Date, it shall deliver to Laurus an opinion acceptable to Laurus from each Company’s 's legal counsel. Each Company will provide, at the Companies' joint and several expense, such other legal opinions in the future as are reasonably necessary for the conversion of the Notes and the exercise of the Warrants.

Appears in 4 contracts

Samples: Security Agreement (RG America, Inc.), Security Agreement (Integrated Security Systems Inc), Security Agreement (Farmstead Telephone Group Inc)

Opinion. On the Closing Date, it shall deliver to Laurus an opinion acceptable to Laurus from each Company’s legal counsel. Each Company will provide, at the Companies’ joint and several expense, such other legal opinions in the future as are reasonably necessary for the conversion of the Notes and the exercise of the Warrants.

Appears in 4 contracts

Samples: Security Agreement (Time America Inc), Security Agreement (Iwt Tesoro Corp), Security and Purchase Agreement (Miscor Group, Ltd.)

Opinion. On the Closing Date, it shall Company will deliver to Laurus an opinion acceptable to Laurus from each Company’s 's legal counsel. Each Company will provide, at the Companies’ joint and several Company's expense, such other legal opinions in the future as are reasonably necessary for the conversion of the Notes and the exercise of the Warrants.

Appears in 4 contracts

Samples: Security Agreement (Conversion Services International Inc), Security Agreement (Greenman Technologies Inc), Security Agreement (Bp International Inc)

Opinion. On the Closing Date, it shall deliver to Laurus an opinion acceptable to Laurus from each Company’s 's legal counsel. Each Company will provide, at the Companies' joint and several expense, such other legal opinions in the future as are reasonably necessary for the exercise of the Warrants.

Appears in 3 contracts

Samples: Subordination Agreement (Deja Foods Inc), Security Agreement (Gse Systems Inc), Security Agreement (Thinkpath Inc)

Opinion. On the Closing Date, it shall deliver to Laurus an opinion acceptable to Laurus from each Company’s 's legal counsel. Each Company will provide, at the Companies' joint and several expense, such other legal opinions in the future as are reasonably necessary for the conversion of the Notes, the exercise of the WarrantsWarrants and the exercise of the Options.

Appears in 2 contracts

Samples: Security Agreement (Thinkpath Inc), Security and Purchase Agreement (Naturade Inc)

Opinion. On the Closing Date, it shall deliver to Laurus an opinion acceptable to Laurus from each Company’s legal counsel. Each Company will provide, at the Companies’ joint and several expense, such other legal opinions in the future as are reasonably necessary for the conversion of the Notes and the exercise of the Warrants.

Appears in 2 contracts

Samples: Security Agreement (Dynamic Health Products Inc), Security Agreement (House of Brussels Chocolates Inc)

Opinion. On the Closing Date, it shall deliver to Laurus an opinion acceptable to Laurus from each Company’s legal counsel. Each Company will provide, at the Companies’ joint and several expense, such other legal opinions in the future as are reasonably necessary for the exercise sale of the WarrantsGrant Shares and the Additional Grant Shares.

Appears in 2 contracts

Samples: Security Agreement (Spacedev Inc), Security Agreement (Spacedev Inc)

Opinion. On the Closing Date, it shall deliver to Laurus an opinion acceptable to Laurus from each Company’s legal counsel. Each Company will provide, at the Companies’ joint and several expense, such other legal opinions in the future as are reasonably necessary for the conversion of the Notes, the exercise of the WarrantsWarrants and the exercise of the Options.

Appears in 2 contracts

Samples: Security and Purchase Agreement (360 Global Wine Co), Security and Purchase Agreement (Naturade Inc)

Opinion. On the Closing Date, it shall deliver to Laurus Lender an opinion acceptable to Laurus Lender from each Company’s legal counsel. Each Company will provide, at the Companies’ joint and several expense, such other legal opinions in the future as are reasonably necessary for the exercise of the Warrants.

Appears in 2 contracts

Samples: Security Agreement (Digital Angel Corp), Security Agreement (Applied Digital Solutions Inc)

Opinion. On the Closing Date, it shall Company will deliver to Laurus an opinion reasonably acceptable to Laurus from each Company’s 's legal counsel. Each Company will provide, at the Companies’ joint and several Company's expense, such other legal opinions in the future as are reasonably necessary for the conversion of the Notes and the exercise of the WarrantsWarrants and the Option.

Appears in 2 contracts

Samples: Security Agreement (Creative Vistas Inc), Security Agreement (Creative Vistas Inc)

Opinion. On the Closing Date, it shall deliver to Laurus an opinion acceptable to Laurus from each Company’s legal counsel. Each Company will provide, at the Companies’ joint and several expense, such other legal opinions in the future as are reasonably necessary for the resale and conversion of the Secured Convertible Term Note and the exercise of the Warrants.

Appears in 2 contracts

Samples: Security and Purchase Agreement (Silicon Mountain Holdings, Inc.), Security and Purchase Agreement (Jagged Peak, Inc.)

Opinion. On the Closing Date, it shall deliver to Laurus an opinion acceptable to Laurus from each Company’s 's legal counsel. Each Company will provide, at the Companies' joint and several expense, such other legal opinions in the future as are reasonably necessary for the conversion of the Notes and the exercise of the WarrantsOption.

Appears in 1 contract

Samples: Security Agreement (Netfabric Holdings, Inc)

Opinion. On the Closing Date, it shall Company will deliver to Laurus an opinion acceptable to Laurus from each Company’s legal counsel. Each Company will provide, at the Companies’ joint and several Company’s expense, such other legal opinions in the future as are required by the transfer agent for the Common Stock and are reasonably necessary for the conversion of the Notes and the exercise of the Warrants.

Appears in 1 contract

Samples: Security Agreement (Digital Lifestyles Group Inc)

Opinion. On the Closing Date, it shall deliver to Laurus an opinion acceptable to Laurus from each Company’s 's legal counsel. Each Company will provide, at the Companies’ joint and several expense, such other legal opinions in the future as are reasonably necessary for the exercise of the Warrants.

Appears in 1 contract

Samples: Security and Purchase Agreement (Proxymed Inc /Ft Lauderdale/)

Opinion. On the Closing Date, it shall deliver to Laurus an opinion acceptable to Laurus from each Company’s legal counsel. Each Company will provide, at the Companies’ joint and several expense, such other legal opinions in the future as are reasonably necessary for the resale of the Grant Shares, the conversion of the Secured Convertible Term Note and the exercise of the Warrants.

Appears in 1 contract

Samples: Security and Purchase Agreement (Time America Inc)

Opinion. On the Closing Date, it shall deliver to Laurus an opinion acceptable to Laurus from each Company’s 's legal counsel. Each Company will provide, at the Companies' joint and several expense, such other legal opinions in the future as are reasonably necessary for the exercise of the WarrantsOptions.

Appears in 1 contract

Samples: Security Agreement (Incentra Solutions, Inc.)

Opinion. On the Closing Date, it shall deliver to Laurus an opinion reasonably acceptable to Laurus from each Company’s legal counsel. Each Company will provide, at the Companies’ joint and several expense, such other legal opinions in the future as are reasonably necessary for the conversion of the Notes and the exercise of the Warrants.

Appears in 1 contract

Samples: Security Agreement (Stonepath Group Inc)

Opinion. On the Closing Date, it shall deliver to Laurus an opinion acceptable to Laurus from each Company’s 's legal counsel. Each Company will provide, at the Companies' joint and several expense, such other legal opinions in the future as are reasonably necessary for the conversion of the Secured Convertible Note and the exercise of the Warrants.

Appears in 1 contract

Samples: Security Agreement (RG America, Inc.)

Opinion. On the Closing Date, it shall Company will deliver to Laurus an opinion acceptable to Laurus from each Company’s 's legal counsel. Each Company will provide, at the Companies’ joint and several Company's expense, such other legal opinions in the future as are reasonably necessary for the conversion of the Notes and the exercise of the WarrantsOptions.

Appears in 1 contract

Samples: Security Agreement (Riviera Tool Co)

Opinion. On the Closing Date, it shall deliver to Laurus an opinion acceptable to Laurus from each Company’s 's legal counsel. Each Company will provide, at the Companies' joint and several expense, such other legal opinions in the future as are reasonably necessary for in connection with the resale and exercise of the Warrantsshares of Common Stock underlying the Secured Convertible Term Note.

Appears in 1 contract

Samples: Security and Purchase Agreement (Xstream Beverage Network, Inc.)

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Opinion. On the Closing Date, it shall deliver to Laurus an opinion acceptable to Laurus from each Company’s 's legal counsel. Each Company will provide, at the Companies' joint and several expense, such other legal opinions in the future as are reasonably necessary for the resale and conversion of the Secured Convertible Term Note and the exercise of the Warrants.

Appears in 1 contract

Samples: Security Agreement (General Environmental Management, Inc)

Opinion. On the Closing Date, it shall deliver to Laurus an opinion acceptable to Laurus from each the Company’s legal in house counsel. Each Company will provide, at the Companies’ joint and several expense, such other legal opinions in the future as are reasonably necessary for the conversion of the Notes and the exercise of the Warrants.

Appears in 1 contract

Samples: Security Agreement (Accentia Biopharmaceuticals Inc)

Opinion. On the Closing Date, it shall deliver to Laurus an opinion acceptable to Laurus from each Company’s legal counsel. Each Company will provide, at the Companies’ joint and several expense, such other legal opinions in the future as are reasonably necessary for the conversion of the Minimum Borrowing Notes and the exercise of the Warrants.

Appears in 1 contract

Samples: Security Agreement (Airnet Communications Corp)

Opinion. On the Closing Date, it shall deliver to Laurus an opinion acceptable to Laurus from each Company’s 's legal counsel. Each Company will provide, at the Companies' joint and several expense, such other legal opinions in the future as are reasonably necessary for the resale and exercise of the Warrants.

Appears in 1 contract

Samples: Security Agreement (Tarpon Industries, Inc.)

Opinion. On the Closing Date, it shall deliver to Laurus an opinion acceptable to Laurus from each the Company’s 's legal counsel. Each The Company will provide, at the Companies’ joint and several expense, provide such other legal opinions in the future as are reasonably necessary for the conversion of the Notes and the exercise of the WarrantsWarrants if Laurus provides the appropriate documentation and representations to support such legal opinions.

Appears in 1 contract

Samples: Security and Purchase Agreement (On the Go Healthcare Inc)

Opinion. On the Closing Date, it shall Company will deliver to Laurus an opinion acceptable to Laurus from each Company’s 's legal counsel. Each Company will provide, at the Companies’ joint and several Company's expense, such other legal opinions in the future as are reasonably necessary for the exercise of the WarrantsOptions.

Appears in 1 contract

Samples: Security Agreement (Conversion Services International Inc)

Opinion. On the Closing Date, it shall deliver to Laurus an opinion acceptable to Laurus from each Company’s 's legal counsel. Each Company will provide, at the Companies' joint and several expense, such other legal opinions in the future as are reasonably necessary for the exercise of the Warrants and the resale of the Common Stock underlying the Warrants.

Appears in 1 contract

Samples: Security and Purchase Agreement (Greenman Technologies Inc)

Opinion. On the Closing Date, it shall deliver to Laurus an opinion acceptable to Laurus from each Company’s legal counsel. Each Company will provide, at the Companies’ joint and several expense, such other legal opinions in the future as are reasonably necessary for the exercise of the Warrants.

Appears in 1 contract

Samples: Security and Purchase Agreement (Miscor Group, Ltd.)

Opinion. On the Closing Date, it shall Company will deliver to Laurus an opinion acceptable to Laurus from each Company’s 's legal counsel. Each Company will provide, at the Companies’ joint and several Company's expense, such other legal opinions in the future as are required by the transfer agent for the Common Stock and are reasonably necessary for the conversion of the Notes and the exercise of the Warrants.

Appears in 1 contract

Samples: Security Agreement (Digital Lifestyles Group Inc)

Opinion. On the Closing Date, it shall deliver to Laurus an opinion reasonably acceptable to Laurus from each Company’s legal counsel. Each Company will provide, at the Companies’ joint and several expense, such other legal opinions in the future as are reasonably necessary for the exercise of the WarrantsWarrant.

Appears in 1 contract

Samples: Security and Purchase Agreement (Ronco Corp)

Opinion. On the Closing Date, it shall Company will deliver to Laurus an opinion acceptable to Laurus from each Company’s 's legal counsel. Each Company will provide, at the Companies’ joint and several Company's expense, such other legal opinions in the future as are reasonably necessary for the conversion of the Notes and the exercise of the WarrantsWarrants and the Option.

Appears in 1 contract

Samples: Security Agreement (Comc Inc)

Opinion. On the Closing Date, it shall deliver to Laurus an opinion acceptable to Laurus from each Company’s legal counsel. Each Company will provide, at the Companies’ joint and several expense, such other legal opinions in the future as are reasonably necessary for the conversion of the Notes and the exercise of the WarrantsWarrants and the Option.

Appears in 1 contract

Samples: Security Agreement (Earthfirst Technologies Inc)

Opinion. On the Closing Date, it shall deliver to Laurus an opinion acceptable to Laurus from each the Company’s 's legal counsel. Each The Company will provide, at the Companies’ joint and several Company's expense, such other legal opinions in the future as are reasonably necessary for the exercise of the WarrantsWarrant.

Appears in 1 contract

Samples: Security and Purchase Agreement (Essential Innovations Technology Corp)

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