Question
QUESTION 3 The solicitors acting for the arranger under a syndicated facilities agreement have provided a draft legal opinion ('Legal Opinion') to the finance parties.
QUESTION 3 The solicitors acting for the arranger under a syndicated facilities agreement have provided a draft legal opinion ('Legal Opinion') to the finance parties. The Legal Opinion includes the following statement: "Each of the Original Obligors has the capacity, power and authority: (
a) to enter into and deliver the Finance Documents to which it is a party; and (
b) to exercise its rights and perform its obligations under the Finance Documents to which it is a party."
Which ONE of the following statements is CORRECT?
A This statement is likely to appear in the 'Opinion' section of the Legal Opinion.
B This statement is likely to appear in the 'Assumptions' section of the Legal Opinion.
C This statement is likely to appear in the 'Reservations' section of the Legal Opinion.
D This is a statement of fact which should not appear anywhere in the Legal Opinion.
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Criminal Law And Its Processes Cases And Materials
Authors: Sanford H. Kadish, Stephen Schulhofer, Rachel E. Barkow
11th Edition
1543810772, 978-1543810776
