Model Closing Opinion Letter (Annotated) - American Bar Association
Model Closing Opinion Letter (Annotated) - American Bar Association
Model Closing Opinion Letter (Annotated) - American Bar Association
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2 <strong>Model</strong> <strong>Closing</strong> <strong>Opinion</strong> <strong>Letter</strong> (<strong>Annotated</strong>)<br />
Other agreements and court orders<br />
Applicable law, enforced as written: Op.6, Note (d), p.85;<br />
Paragraph (B)(5), Note, item 7, p.97<br />
Financial covenants, interpretation: Op.6, Note (b), p.84<br />
Future discretionary action: Op.6, Note (e), p.85; Op.7,<br />
Note (a), pp.85–86<br />
No Breach or Default <strong>Opinion</strong>: Op.6, p.83<br />
Other counsel: Paragraphs (D)(1), (D)(2), p.99<br />
Concurrence (“form & substance”): Paragraph (D)(2), Note (7), p.102<br />
Duplication of opinion: Paragraph (D)(2), Note (6), p.101<br />
Reliance; consent: Paragraph (D)(2), Note (4), p.100<br />
Responsibility of <strong>Opinion</strong> Giver: Paragraph (D)(2), Note (5), p.101<br />
Special counsel—special matters: Paragraph (D)(2), Note (3), p.100<br />
Other parties, assumptions as to: Paragraph (B)(4), Note, item 3, p.96;<br />
optional Paragraph (E)(7), p.108<br />
Parties: p.60<br />
Power (corporate) and authority: Op.2, p.67<br />
Practice limitation: Paragraph (C), Note (d), p.99<br />
Primary lawyer group: see Knowledge, actual/Lawyers in firm, which are<br />
included, above in this Index<br />
Private placement, securities laws: Op.4, Note 3(c), p.72; optional<br />
Op.11, Note, p.107<br />
Public officials’ certificates: Paragraph (B)(1) & Note, p.94<br />
Public policy: Op.4, Note 3(j), p.76<br />
Purpose of opinion letter: p.61<br />
Qualification in other states: Op.1C, p.66<br />
Qualifications to opinion letter: Op.4, Note (c), p.78;<br />
Paragraphs (E)(1)–(E)(4), pp.102–103; Paragraph (H), p.104;<br />
optional provisions: Paragraphs (E)(5)–(E)(7), pp.107–108<br />
Regularity and continuity, presumption: Paragraph (E)(8), p.108; Op.1,<br />
Note (a)(1), p.63<br />
Regulatory approval requirements: Op.5, p.83<br />
Reliance on information provided by others and on assumptions:<br />
Section (B), p.92; Paragraphs (B)(1)–(4), pp.94–97; see also<br />
Assumptions, above in this Index<br />
Company representations in Transaction Documents:<br />
Paragraph (B)(2), p.94<br />
Company’s certificate re borrowing documents, judicial orders:<br />
Paragraph (B)(3), p.95<br />
Officer’s certificate, preferred: Paragraph (B)(2), Note, p.94<br />
Public officials, certificates: Paragraph (B)(1) & Note, p.94<br />
Reliance, unwarranted: Section (B), Note (a), p.92<br />
Remedies <strong>Opinion</strong>: p.68; Op.4A, p.77, 4B, p.79<br />
Bankruptcy and Insolvency Exception: Notes to Op.4, p.80<br />
Equitable Principles Limitation: Notes to Op.4, p.81<br />
112