no recognition opinion means an opinion of a nationally recognized independent tax counsel experienced in such matters, which opinion may rely on published revenue rulings of the internal revenue service, to the effect that the holders of the capital securities and common securities will not recognize any gain or loss for united states federal income tax purposes as a result of the dissolution of the trust and the distribution of the notes.
the term âindependentâ when used with respect to any specified firm of public accountants means such a firm which (1) is in fact independent, (2) does not have any direct financial interest or any material indirect financial interest in the company or in any other obligor upon the securities of any series or in any affiliate of the company or of such other obligor, and (3) is not connected with the company or such other obligor or any affiliate of the company or of such other obligor, as an officer, employee, promoter, underwriter, trustee, partner, director or person performing similar functions, but such firm may be the regular auditors employed by the company.
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enforceability opinion means a reasoned opinion of seller’s outside legal counsel in a form reasonably acceptable to, and addressed to, buyer as to the inherently, the enforceability opinion assures that the transaction documents opined about are sufficient to meet their fundamental purpose. • re: enforceability opinion. we are issuing this opinion letter in our capacity as special counsel to capital auto receivables, inc. (the “seller”) and, enforceability opinion sample, enforceability opinion sample, enforceability meaning, capacity and enforceability opinion, capacity opinion.
equally, opinions are utilised where documents to be entered into by various parties are governed by guernsey law. what does an opinion cover? (ii). opinions requested of borrower’s counsel where counsel is not in a better position to give the opinion, such as on the enforceability of a loan agreement, certain provisions of the loan documents may not be enforceable under laws with respect to or affecting the remedies provided for in the loan documents;, due execution opinion, capacity legal opinion, choice of law opinion, submission to jurisdiction opinion.
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