Securitization Opinions. In the event the Loan is included as an asset of a Securitization by Lender or any of its Affiliates, Borrower shall, within ten (10) Business Days after Lender’s written request therefor, at Lender’s sole cost and expense, deliver opinions in form and substance and delivered by counsel reasonably acceptable to Lender and each Rating Agency, as may be reasonably required by Lender and/or the Rating Agency in connection with such securitization. Borrower’s failure to deliver the opinions required hereby within such ten (10) Business Day period shall constitute an “Event of Default” hereunder.
Securitization Opinions. In the event the Loan is included as an asset of a Securitization by Lender or any of its Affiliates, Borrower shall, within fifteen (15) Business Days after Lender’s written request therefor, at Lender’s sole cost and expense, deliver opinions in form and substance and delivered by counsel reasonably acceptable to Lender and the Rating Agency, as may be reasonably required by Lender and/or the Rating Agency in connection with such securitization. Borrower’s failure to deliver the opinions required hereby within such fifteen (15) Business Day period shall constitute an “Event of Default” hereunder. Notwithstanding the foregoing, in no event shall Borrower be required to deliver a “10b-5 opinion” in connection with any Securitization. Notwithstanding the foregoing, Borrower shall, upon demand, reimburse Lender for up to $10,000 of the cost incurred by Lender pursuant to the terms of this Section 7.26 and Lender shall only be obligated to pay reasonable costs and expenses upon receipt of detailed billing information containing the description of services rendered, attorneys’ billing rates, number of hours worked and other information as Lender may reasonably require.
Securitization Opinions. In the event the Loan is included as an asset of a Securitization by Lender or any of its Affiliates, Borrower shall, within fifteen (15) Business Days after Lender’s written request therefor, at Lender’s sole cost and expense, deliver opinions in form and substance and delivered by counsel reasonably acceptable to Lender and the Rating Agency, as may be reasonably required by Lender and/or the Rating Agency in connection with such securitization. Borrower’s failure to deliver the opinions required hereby within such fifteen (15) Business Day period shall constitute an “Event of Default” hereunder. Notwithstanding the foregoing, in no event shall Borrower be required to deliver a “10b-5 opinion” in connection with any Securitization.
Securitization Opinions. In the event the Loan is included as an asset of a Securitization by Lender or any of its Affiliates, Borrower shall, within ten (10) Business Days after Lender's written request therefor, at Borrower's sole cost and expense, deliver opinions in form and substance and delivered by counsel reasonably acceptable to Lender and the Rating Agency, as may be reasonably required by Lender and/or the Rating Agency in connection with such securitization. Borrower's failure to deliver the opinions required hereby within such ten (10) Business Day period (or such longer period of time to which Lender in its sole discretion may agree) shall constitute an "Event of Default" hereunder.
Securitization Opinions. The Sellers shall have received copies of any Tax opinions or other opinions provided to the Purchaser, on behalf of the Sellers, as required by the Securitization Documents, rating agencies or trustee in connection with the acquisition of the Prime Stock and the assumption of the roles of transferor and servicer under the Prime Master Trust in order to consummate the transactions contemplated hereby.
Securitization Opinions. In the event the Loan is included as an asset of a Securitization by Lender or any of its Affiliates, Borrower shall, within thirty (30) days after Lender’s written request therefor, at Borrower’s sole cost and expense, deliver opinions in form and substance and delivered by counsel reasonably acceptable to Lender and each Rating Agency, as may be reasonably required by Lender and/or the Rating Agency in connection with such securitization provided in no event shall Borrower be obligated to cause its counsel to deliver a “10b-5” opinion or a “true sale” opinion unless said opinion is paid for by Lender . Borrower’s failure to deliver the opinions required hereby within such thirty (30) days period shall constitute an “Event of Default” hereunder.
Securitization Opinions. In the event the Loan is included as an asset of a Securitization by Lender or any of its Affiliates, Borrower shall, within fifteen (15) Business Days after Xxxxxx's written request therefor, at Xxxxxx's sole cost and expense, deliver opinions in form and substance and delivered by counsel reasonably acceptable to Lender and each Rating Agency, as may be reasonably required by Lender and/or the Rating Agency in connection with such securitization. Xxxxxxxx's failure to deliver the opinions required hereby within such fifteen (15) Business Day period shall constitute an "Event of Default" hereunder.
Securitization Opinions. In the event the Loan is included as an asset of a Securitization by Lender or any of its Affiliates, Borrower shall, within ten (10) Business Days after Lender’s written request therefor, deliver opinions in form and substance and delivered by counsel reasonably acceptable to Lender and each Rating Agency, as may be reasonably required by Lender and/or the Rating Agency in connection with such securitization. Borrower’s failure to deliver the opinions required hereby within such ten (10) Business Day period shall constitute an “Event of Default” hereunder. The cost of any “bringdown” opinion of any legal opinion given in connection with the origination of the Loan will be paid by Borrower. The reasonable cost of any other opinion requested by Lender and/or any Rating Agency will be paid by Lender. 107 Notwithstanding the foregoing, Borrower shall not be required to deliver a “10b-5” or “REMIC” Opinion in connection with any Securitization.
Securitization Opinions. In the event the Loans become the ----------------------- subject of a securitization underwritten by the Lender or any of its Affiliates, the Borrower shall, provided it receives at least fifteen (15) Business Days written notice of the Lender's request therefor, deliver on or at any time after the Collateralization Date, a 10(b)(5) opinion and a nonconsolidation opinion, each at the Borrower's sole cost and expense, in form and substance and delivered by counsel acceptable to the Lender and the Rating Agency, as may be required by the Lender and/or the Rating Agency in connection with such securitization. The Borrower shall undertake all actions (including structural reorgani zation including, without limitation, transferring assets to a special/single purpose and bankruptcy remote entity, if appropriate) necessary to enable its counsel to issue the opinion. The Borrower's failure to deliver the opinions required hereby or otherwise comply with the provisions of this Section 10.16 and the following Sections 10.17 through 10.18, shall constitute an "Event of Default" hereunder.
Securitization Opinions. The Sellers shall have received the Securitization Opinions, in form and substance reasonably satisfactory to the Sellers, and a letter authorizing the Seller to provide copies of such opinions to its auditors solely as an evidential matter in support of the auditors’ evaluation of management’s assertion that the transfer of the Acquired Assets meets the isolation criterion of ASC 860.
