Common use of Recording and Opinions Clause in Contracts

Recording and Opinions. (a) The Company shall furnish to the Trustee simultaneously with the execution and delivery of this Indenture an Opinion of Counsel either (i) stating that in the opinion of such counsel all action has been taken with respect to the recording, registering and filing of this Indenture, financing statements or other instruments necessary to make effective the security interest intended to be created by the Escrow Agreement and reciting the details of such action, or (ii) stating that in the opinion of such counsel no such action is necessary to make such security interest effective.

Appears in 4 contracts

Samples: Indenture (Global Telesystems Group Inc), Indenture (Concentric Network Corp), Indenture (Bell Technology Group LTD)

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Recording and Opinions. (a) The Company shall furnish to the Trustee simultaneously with the execution and delivery of this Indenture an Opinion of Counsel either (i) stating that in the opinion of such counsel all action has been taken with respect to the recording, registering and filing of this Indenture, financing statements or other instruments necessary to make effective the security interest Lien intended to be created by the Escrow Agreement and reciting the details of such action, or (ii) stating that in the opinion of such counsel no such action is necessary to make such security interest Lien effective.

Appears in 3 contracts

Samples: Tci Satellite Entertainment Inc, Tci Satellite Entertainment Inc, Unifi Communications Inc

Recording and Opinions. (a) The Company shall furnish to the Trustee simultaneously with promptly after the execution and delivery of this Indenture an Opinion of Counsel either (i) stating that in the opinion of such counsel all action has been taken with respect to the recording, registering and filing of this Indenture, financing statements or other instruments necessary to make effective the security interest Liens intended to be created by the Escrow Agreement Collateral Documents, and reciting the details of such action, action or (ii) stating that that, in the opinion of such counsel counsel, no such action is necessary to make such security interest Liens effective.

Appears in 3 contracts

Samples: Senior Secured Note Indenture (SLM International Inc /De), Partner Guaranty Agreement (Huntway Partners L P), Partner Guaranty Agreement (Huntway Partners L P)

Recording and Opinions. (a) The Company shall furnish to the Trustee simultaneously with promptly after the execution and delivery of this Indenture an Opinion of Counsel either (i) stating that in the opinion of such counsel all action has been taken with respect to the recording, registering and filing of this Indenture, financing statements or other instruments necessary to make effective the security interest Lien intended to be created by the Escrow Agreement and reciting with respect to the security interests in the Collateral the details of such action, or (ii) stating that in the opinion of such counsel no such action is necessary to make such security interest Lien effective.

Appears in 3 contracts

Samples: Indenture (Optel Inc), Indenture (Verio Inc), Paging Network Do Brazil Sa

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Recording and Opinions. (a) The Company shall furnish to the Trustee simultaneously with promptly after the execution and delivery of this Indenture an Opinion one or more Opinions of Counsel either (i) stating that in the opinion of such counsel all action has been taken with respect to the recording, registering and filing of this Indenture, financing statements or other instruments necessary to make effective the security interest Liens intended to be created by the Escrow Agreement Collateral Documents, and reciting the details of such action, action or (ii) stating that that, in the opinion of such counsel counsel, no such action is necessary to make such security interest Liens effective.

Appears in 1 contract

Samples: Senior Secured Note Indenture (SLM International Inc /De)

Recording and Opinions. (a) The Company shall furnish to ---------------------- the Trustee simultaneously with the execution and delivery of this Indenture an Opinion of Counsel either (i) stating that that, in the opinion of such counsel counsel, either (i) all action has been taken with respect to the recording, registering and filing of this Indenture, financing statements or other instruments necessary to make effective the security interest Lien intended to be created by the Escrow Agreement Collateral Agreement, and reciting with respect to the security interests in the Collateral, the details of such action, or (ii) stating that in the opinion of such counsel no such action is necessary to make such security interest Lien effective.

Appears in 1 contract

Samples: Cybernet Internet Services International Inc

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