Community Health Systems, Inc.
CHS/Community Health Systems, Inc.
March 12, 2019
Page 2
(vi) Indenture, dated as of March 16, 2017, by and between CHS and Regions Bank, as trustee (the “2017 CHS Indenture”)relating to the Senior Debt Securities (incorporated by reference to Exhibit 4.1 of Parent’s Current Report on Form8-K filed March 16, 2017 (No.001-15925)); and
(vii) Form of Indenture, by and between CHS and Regions Banks, as trustee (the “Exhibit 4.4 CHS Indenture” and, together with the Exhibit 4.1 Parent Indenture, Exhibit 4.2 Parent Indenture and the 2017 CHS Indenture, the “Indentures”) relating to the Subordinated Debt Securities (incorporated by reference to Exhibit 4.4 of Parent’s Registration Statement on FormS-3 filed May 6, 2015 (No.333-203918)).
Based on the foregoing, and subject to the assumptions, limitations and qualifications set forth herein, we are of the opinion that:
1. The West Virginia Subsidiary Guarantor validly exists under the laws of the State of West Virginia.
2. The West Virginia Subsidiary Guarantor has the requisite corporate power to guarantee the Debt Securities pursuant to the terms of the Indentures and to perform its obligations under the Debt Securities Guarantees.
3. The Debt Securities Guarantees, upon being duly authorized by all necessary corporate action, executed by an authorized signatory and delivered, will be validly authorized, executed, and delivered for corporate law purposes by the West Virginia Subsidiary Guarantor.
The opinions that are expressed herein are further subject to the following exceptions, limitations, assumptions and qualifications.
(a) The opinions expressed above are subject to applicable bankruptcy, reorganization, insolvency, fraudulent conveyance, moratorium and other similar laws of general application under the laws of the State of West Virginia and the United States relating to or affecting creditors’ rights, and to general principles of equity, judicial discretion and general requirements of good faith, fair dealing and commercial reasonableness (whether a matter is considered in a proceeding at law or in equity).
(b) Certain laws and decisions applicable in the State of West Virginia may limit, render unenforceable or otherwise affect the enforceability of, certain rights, remedies, waivers and other provisions contained in the Indentures. Such laws and decisions do not affect the validity, of the Indentures taken as a whole, and the Indentures, taken together with applicable law, contains adequate provisions for enforcing the obligations of the borrower thereunder and for the practical realization of the material benefits conveyed by the Indentures; provided, however, such laws and decisions do not, in our judgment make the remedies provided for in the Indentures and available at law inadequate for the practical realization of the security intended to be provided by the Indentures.
(c) We express no opinion as to the validity or enforceability of any provision in any Indenture, (1) modifying or waiving any requirement of commercial reasonableness or prior notice or the right of redemption arising under any law, (2) waiving any rights afforded to any party thereto under any constitutional provision, (3) waiving the rights afforded to any party under any statute, or by which any party thereto waives any rights afforded to such party by applicable law, except to the extent such waiver expressly is permitted by statute, (4) imposing penalties, forfeitures, increased rates or late payment charges upon delinquency in payment or the occurrence of an event of default; (5) requiring the payment of interest on interest; (6) waiving any right to jury trial; or (7) waiving any right with respect to consent to jurisdiction or venue.