Common use of Opinions of Local Counsel Clause in Contracts

Opinions of Local Counsel. Within 10 days following the ------------------------- Restatement Effective Date, the Collateral Agent shall have received additional opinions, addressed to each Agent, the Collateral Agent and each of the Banks from local counsel to Credit Parties and/or the Agents reasonably satisfactory to the Collateral Agent, which opinions (x) shall cover the perfection and enforceability as against third parties of the security interests granted pursuant to the Security Documents and such other matters relating to the transactions contemplated herein as the Collateral Agent may reasonably request and (y) shall be in form and substance reasonably satisfactory to the Collateral Agent.

Appears in 1 contract

Samples: Credit Agreement (MTL Inc)

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Opinions of Local Counsel. Within 10 60 days following the ------------------------- Restatement Effective Initial Borrowing Date, the Collateral Agent shall have received additional opinions, addressed to each Agent, the Collateral Agent and each of the Banks Lenders from local counsel to Credit Parties and/or the Agents reasonably satisfactory to the Collateral AgentAgent (including an opinion from special STB counsel), which opinions (x) shall cover the perfection and enforceability as against third parties of the security interests granted pursuant to the Security Documents and such other matters relating to the transactions contemplated herein as the Collateral Agent may reasonably request and (y) shall be in form and substance reasonably satisfactory to the Collateral Agent.

Appears in 1 contract

Samples: Credit Agreement (Pacer International Inc)

Opinions of Local Counsel. Within 10 60 days following the Initial ------------------------- Restatement Effective Borrowing Date, the Collateral Agent shall have received additional opinions, addressed to each Agent, the Collateral Agent and each of the Banks from local counsel to Credit Parties and/or the Agents reasonably satisfactory to the Collateral AgentAgent (including an opinion from special STB counsel), which opinions (x) shall cover the perfection and enforceability as against third parties of the security interests granted pursuant to the Security Documents and such other matters relating to the transactions contemplated herein as the Collateral Agent may reasonably request and (y) shall be in form and substance reasonably satisfactory to the Collateral Agent.

Appears in 1 contract

Samples: Credit Agreement (Pacer Express Inc)

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Opinions of Local Counsel. Within 10 30 days following the Third ------------------------- Restatement Effective Date, the Collateral Agent shall have received additional local counsel opinions, addressed to each Agent, the Collateral Agent and each of the Banks from local counsel to Credit Parties and/or the Agents reasonably satisfactory to the Collateral Agent, which opinions (x) shall cover the perfection and enforceability as against third parties of the security interests granted pursuant to the Security Documents and such other matters relating to the transactions contemplated herein as the Collateral Agent may reasonably request and (y) shall be in form and substance reasonably satisfactory to the Collateral Agent.

Appears in 1 contract

Samples: Credit Agreement (Alliance Imaging Inc /De/)

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