Common use of Opinions and Comfort Letters Clause in Contracts

Opinions and Comfort Letters. If Shareholder has included Registrable Securities in a registration, INC shall use commercially reasonable efforts to furnish to Shareholder signed counterparts, addressed to Shareholder, of (i) any opinion of counsel to INC delivered to any Underwriter and (ii) any comfort letter from INC’s independent public accountants delivered to any Underwriter; provided, however, that counsel to the Underwriter shall have exclusive authority to negotiate the terms thereof. In the event no legal opinion is delivered to any Underwriter, INC shall furnish to Shareholder, at any time that Shareholder elects to use a Prospectus in connection with an offering of Shareholder’s Registrable Securities, an opinion of counsel to INC to the effect that the Registration Statement containing such Prospectus has been declared effective, that no stop order is in effect, and such other matters as the Persons holding a majority of the Registrable Securities subject to the registration may reasonably request as would customarily have been addressed in an opinion of counsel to INC delivered to an Underwriter.

Appears in 14 contracts

Samples: Registration Rights Agreement (Reit Management & Research Inc.), Registration Rights Agreement (Reit Management & Research Inc.), Registration Rights Agreement (Senior Housing Properties Trust)

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Opinions and Comfort Letters. If a Shareholder has included Registrable Securities in a registration, INC REIT shall use commercially reasonable efforts to furnish to each Shareholder signed counterparts, addressed to Shareholder, of (i) any opinion of counsel to INC REIT delivered to any Underwriter and (ii) any comfort letter from INCREIT’s independent public accountants delivered to any Underwriter; provided, however, that counsel to the Underwriter shall have exclusive authority to negotiate the terms thereof. In the event no legal opinion is delivered to any Underwriter, INC REIT shall furnish to a Shareholder, at any time that Shareholder elects to use a Prospectus in connection with an offering of Shareholder’s Registrable Securities, an opinion of counsel to INC REIT to the effect that the Registration Statement containing such Prospectus has been declared effective, that no stop order is in effect, and such other matters as the Persons holding a majority of the Registrable Securities subject to the registration may reasonably request as would customarily have been addressed in an opinion of counsel to INC REIT delivered to an Underwriter.

Appears in 4 contracts

Samples: Registration Rights and Lock Up Agreement (Senior Housing Properties Trust), Registration Rights and Lock Up Agreement (Hospitality Properties Trust), Registration Rights and Lock Up Agreement (Select Income REIT)

Opinions and Comfort Letters. If Shareholder has included Registrable Securities in a registrationRegistration, INC SIR shall use commercially reasonable efforts to furnish to Shareholder signed counterparts, addressed to Shareholder, of (i) any opinion of counsel to INC SIR delivered to any Underwriter and (ii) any comfort letter from INCSIR’s independent public accountants delivered to any Underwriter; provided, however, that counsel to the Underwriter shall have exclusive authority to negotiate the terms thereof. In the event no legal opinion is delivered to any Underwriter, INC SIR shall furnish to Shareholder, at any time that Shareholder elects to use a Prospectus in connection with an offering of Shareholder’s Registrable Securities, an opinion of counsel to INC SIR to the effect that the Registration Statement containing such Prospectus has been declared effective, that no stop order is in effect, and such other matters as the Persons holding a majority of the Registrable Securities subject to the registration may reasonably request as would customarily have been addressed in an opinion of counsel to INC SIR delivered to an Underwriter.

Appears in 2 contracts

Samples: Registration Agreement (Select Income Reit), Registration Agreement (Government Properties Income Trust)

Opinions and Comfort Letters. If a Shareholder has included Registrable Securities in a registration, INC the Trust shall use commercially reasonable efforts to furnish to each Shareholder signed counterparts, addressed to such Shareholder, of (iA) any opinion of counsel to INC the Trust delivered to any Underwriter and (iiB) any comfort letter from INCthe Trust’s independent public accountants delivered to any Underwriter; provided, however, that counsel to the Underwriter shall have exclusive authority to negotiate the terms thereof. In the event no legal opinion is delivered to any Underwriter, INC the Trust shall furnish to a Shareholder, at any time that such Shareholder elects to use a Prospectus in connection with an offering of such Shareholder’s Registrable Securities, an opinion of counsel to INC the Trust to the effect that the Registration Statement containing such Prospectus has been declared effective, that no stop order is in effect, effect and such other matters as the Persons holding a majority of the Registrable Securities subject to the registration may reasonably request as would customarily have been addressed in an opinion of counsel to INC the Trust delivered to an Underwriter.

Appears in 2 contracts

Samples: Private Placement Purchase Agreement (Tremont Mortgage Trust), Private Placement Purchase Agreement (Tremont Mortgage Trust)

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Opinions and Comfort Letters. If Shareholder SIR has included Registrable Securities in a registration, INC ILPT shall use commercially reasonable efforts to furnish to Shareholder SIR signed counterparts, addressed to ShareholderSIR, of (i) any opinion of counsel to INC ILPT delivered to any Underwriter and (ii) any comfort letter from INCILPT’s independent public accountants delivered to any Underwriter; provided, however, that counsel to the Underwriter shall have exclusive authority to negotiate the terms thereof. In the event no legal opinion is delivered to any Underwriter, INC ILPT shall furnish to ShareholderSIR, at any time that Shareholder SIR elects to use a Prospectus in connection with an offering of ShareholderSIR’s Registrable Securities, an opinion of counsel to INC ILPT to the effect that the Registration Statement containing such Prospectus has been declared effective, that no stop order is in effect, and such other matters as the Persons holding a majority of the Registrable Securities subject to the registration may reasonably request as would customarily have been addressed in an opinion of counsel to INC ILPT delivered to an Underwriter.

Appears in 2 contracts

Samples: Registration Rights Agreement (Industrial Logistics Properties Trust), Registration Rights Agreement (Industrial Logistics Properties Trust)

Opinions and Comfort Letters. If Shareholder SVC has included Registrable Securities in a registration, INC the Company shall use commercially reasonable efforts to furnish to Shareholder signed counterparts, addressed to Shareholder, SVC executed copies of (i) any opinion of counsel to INC the Company delivered to any Underwriter and (ii) any comfort letter from INCthe Company’s independent public accountants delivered to any Underwriter; provided, however, that counsel to the Underwriter shall have exclusive authority to negotiate the terms thereof. In the event no legal opinion is delivered to any Underwriter, INC the Company shall furnish to ShareholderSVC, at any time that Shareholder SVC elects to use a Prospectus in connection with an offering of ShareholderSVC’s Registrable Securities, an opinion of counsel to INC the Company to the effect that the Registration Statement containing such Prospectus has been declared effective, that no stop order is in effect, and such other matters as the Persons holding a majority of the Registrable Securities subject to the registration may reasonably request as would customarily have been addressed in an opinion of counsel to INC the Company delivered to an Underwriter.

Appears in 2 contracts

Samples: Management Agreement (Service Properties Trust), Registration Rights Agreement (Service Properties Trust)

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