Examples of Borrower’s Counsel in a sentence
Because users of the cryptocurrency platform must perform work to extract the scarce unit of value from the platform, much as people do with precious metals, it is said that these users mine the cryptocurrencies.
Such opinion may be made solely on the basis of a certificate from the applicable governmental authorities of the Property Jurisdiction, and if Borrower’s Counsel is relying on such certificate(s), then the opinion must expressly identify those certificate(s) and they must be attached to the Opinion as an exhibit.
If the Property Jurisdiction is not the state of formation for the borrower entity, Borrower’s Counsel must also opine that Borrower is qualified to transact business in the Property Jurisdiction.
If Borrower’s Counsel were to become aware of any changes, this would have to be addressed in the Opinion, and HUD may require a survey depending upon the circumstances.
Borrower’s Counsel must opine as to the law of the Property Jurisdiction and must also opine as to the law of the state of Borrower’s organization, if different from the Property Jurisdiction.