Common use of Opinions of Borrower’s Counsel Clause in Contracts

Opinions of Borrower’s Counsel. Lender shall have received (i) the opinion of Xxxxxxx Xxxxxx Xxxxxx Xxxxxxxx Xxxxxxxx & Xxxxxxxxx, P.A., special counsel for Borrowers, with respect to non-consolidation issues (the "Non-Consolidation Opinion"), (ii) opinions of counsel for Borrowers with respect to due formation of Borrowers, due authorization, execution and delivery of the Note, this Agreement and the other Loan Documents and enforceability of the Note, this Agreement and the other Loan Documents and (iii) opinions of counsel for Borrowers (who shall be satisfactory to Lender), in the States in which the Individual Properties are located with respect to (A) enforceability of the Mortgage, the Assignment of Leases and the other Loan Documents with respect to the Individual Properties located in such State, (B) perfection of Lender's security interest in the Revenue of such Individual Properties, (C) perfection of Lender's security interest in all liquor licenses, restaurant licenses and hotel operating licenses with respect to each such Individual Property, if permitted under the laws of such State and (D) adequacy of Permits listed on an affidavit of an officer of each Borrower with respect to each such Individual Property, to the knowledge of such counsel, each in form and substance satisfactory to Lender, dated as of the Closing Date and addressing such matters as Lender may reasonably request.

Opinions of Borrower’s Counsel. Lender shall have received (i) the opinion of Xxxxxxx Xxxxxx Xxxxxx Xxxxxxxx Xxxxxxxx & Xxxxxxxxx, P.A., special counsel for Borrowers, P.A. with respect to non-consolidation issues (the "Non-Consolidation Opinion"), (ii) opinions of counsel for Borrowers Borrower with respect to due formation of BorrowersBorrower, due authorization, execution and delivery of the Note, this Agreement and the other Loan Documents and enforceability of the Note, this Agreement and the other Loan Documents and (iii) opinions of counsel for Borrowers Borrower (who shall be satisfactory to Lender), in the States State in which the Individual Properties are Property is located with respect to (A) enforceability of the Mortgage, the Assignment of Leases and the other Loan Documents with respect to the Individual Properties Property located in such State, (B) perfection of Lender's security interest in the Revenue of such Individual Properties, the Property and (C) perfection of Lender's security interest in all liquor licenses, restaurant licenses and hotel operating licenses with respect to each such Individual Property, if permitted under the laws of such State and (D) adequacy of Permits listed on an affidavit of an officer of each Borrower with respect to each such Individual Property, to the knowledge of such counselState, each in form and substance satisfactory to Lender, dated as of the Closing Date and as addressing such matters as and Lender may reasonably request.

Opinions of Borrower’s Counsel. Lender shall have received (i) the opinion of Xxxxxxx Xxxxxx Xxxxxx Xxxxxxxx Xxxxxxxx & Xxxxxxxxx, P.A., special counsel for Borrowers, with respect to non-consolidation issues (the "Non-Consolidation Opinion"), (ii) opinions of counsel for Borrowers Borrower with respect to due formation of BorrowersBorrower, due authorization, execution and delivery of the Note, this Agreement and the other Loan Documents and enforceability of the Note, this Agreement and the other Loan Documents and (iiiii) opinions of counsel for Borrowers Borrower (who shall be satisfactory to Lender), in the States State in which the Individual Properties are Property is located with respect to (A) enforceability of the Mortgage, the Assignment of Leases and the other Loan Documents with respect to the Individual Properties Property located in such State, (B) perfection of Lender's security interest in the Revenue of such Individual Propertiesthe Property, (C) perfection of Lender's security interest in all liquor licenses, restaurant licenses and hotel operating licenses with respect to each such Individual the Property, if permitted under the laws of such State and (D) adequacy of Permits listed on an affidavit of an officer of each Borrower with respect to each such Individual the Property, to the knowledge of such counsel, each in form and substance satisfactory to Lender, dated as of the Closing Date and addressing such matters as Lender may reasonably request.