Validity Opinion Sample Clauses
A Validity Opinion clause requires a legal opinion from a qualified attorney affirming that a particular agreement or transaction is legally valid and enforceable. Typically, this clause is used in financial or corporate transactions, where one party requests written confirmation from the other party’s counsel that all legal requirements have been met and that the agreement does not violate any laws or regulations. The core function of this clause is to provide assurance and reduce legal risk by ensuring that the transaction is built on a sound legal foundation.
Validity Opinion. STAR or STAR III shall have received a written opinion of ▇▇▇▇▇▇▇ LLP, or other counsel to STAR reasonably satisfactory to STAR III and in form and substance reasonably satisfactory to STAR III and filed with the Form S-4, to the effect that the issuance of the Merger Consideration has been duly authorized and, when and if issued in connection with the Merger in accordance with the resolutions of the STAR Board, this Agreement and the Articles of Merger, the Merger Consideration will be validly issued, fully paid and nonassessable.
Validity Opinion. The Delaware law opinion of Gibs▇▇, ▇▇nn & ▇rut▇▇▇▇ ▇▇▇ (in reliance upon the opinion of Morris, Nichols, Arsht & Tunn▇▇▇) ▇▇led as an exhibit to the Registration Statement shall not have been rescinded prior to the Effective Date.
Validity Opinion. The securities law opinion of ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ & Finger regarding the validity of the Trust Preferred Securities delivered to the Trust and filed as an exhibit to the Registration Statement shall not have been rescinded prior to the Closing Date.
Validity Opinion. REIT I shall have received a written opinion of ▇▇▇▇▇▇▇ LLP, counsel to REIT II, dated as of the Closing Date and in form and substance reasonably satisfactory to REIT I, to the effect that the issuance of the Stock Consideration has been duly authorized and, when and if issued in connection with the Merger in accordance with the resolutions of the REIT II Board, this Agreement and the Articles of Merger, the Stock Consideration will be validly issued, fully paid and nonassessable.