Reliance Opinion definition
Reliance Opinion means a Tax opinion at a “should” level issued by a third-party counsel or Tax adviser, provided that with respect to an opinion issued to Buyer for Transfer Taxes, Seller shall have the right to review and comment on the facts and assumptions on which the third-party counsel or Tax adviser is relying on to issue such Tax opinion.
Examples of Reliance Opinion in a sentence
The Purchaser acknowledges that it has not been provided with any information from ▇▇▇▇▇▇ Snow LLP (“Bond Counsel”), other than Bond Counsel's Reliance Opinion or Crews & Associates, Inc.