Debt Opinion definition

Debt Opinion has the meaning specified in Section 2.04(b) of the Indenture.
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Debt Opinion means one or more written tax opinions from counsel (which counsel shall be reasonably satisfactory to the Trust, the Owner Trustee and the Indenture Trustee) to the effect that the Later-Sold Notes will be characterized as debt for U.S. federal income tax purposes.
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Examples of Debt Opinion in a sentence

  • If the net employment penalty to living in an NDC area is smaller than that in other deprived areas, or if the penalty to living in an NDC area falls relative to that in other deprived areas after the programme is implemented, then this could represent a significant impact of the programme.

  • Judge Rakoff issued a decision on October 15, 2013 (the “Antecedent Debt Opinion and Order”), rejecting claims that BLMIS’s account statements constituted binding, enforceable obligations of BLMIS to its customers, as the amounts reported thereon were not “antecedent debts” that BLMIS owed to its customers, but were instead “invalid and thus entirely unenforceable.” Sec.

  • By acquiring a Retained Note (or beneficial interest therein) that is not the subject of a Debt Opinion, each purchaser and transferee is deemed to represent that it is not and will not be acquiring or holding such Note (or a beneficial interest therein) on behalf of, or with the assets of any Plan.

  • Judge Rakoff issued the Antecedent Debt Opinion and Order on October 15, 2013, ruling that the Trustee’s avoidance claims against certain defendants should not be dismissed, and directed that to the extent certain defendants were not subject to other motions to dismiss pending before the District Court, such claims should be sent back to the Bankruptcy Court to move forward with litigation.

  • Appendix No. 4 is a legal opinion by the Moldovan law firm Buruiana & Partners concerning certain issues arising from Moldovan law that may be of significance for the Debt ("Opinion on certain Moldovan law matters").

Related to Debt Opinion

  • Bond Counsel means an attorney or firm of attorneys of nationally recognized standing on the subject of municipal bonds satisfactory to the Director.

  • Tax Opinion means, with respect to any action, an Opinion of Counsel to the effect that, for federal income tax purposes, (a) such action will not cause the Notes of any outstanding class of Notes that were characterized as debt at the time of their issuance to be characterized as other than debt, (b) such action will not cause the Trust to be deemed to be an association (or publicly traded partnership) taxable as a corporation and (c) such action will not cause or constitute an event in which gain or loss would be recognized by any Holder.

  • Legal Opinion means any legal opinion delivered to the Agent under Clause 4.1 (Initial conditions precedent) or Clause 29 (Changes to the Obligors).