Such counsel may state that they are expressing no opinion in paragraphs (vi) and (vii) above, with respect to Federal or state securities laws, other antifraud laws and fraudulent transfer laws and laws that restrict transactions between United States persons and citizens or residents of certain foreign countries or specially designated nationals and organizations; provided, further, that insofar as performance by the Company and the Guarantor of their respective obligations under the Indenture, the applicable Pricing Agreement, the Designated Securities and the Guarantees is concerned, such counsel need express no opinion as to bankruptcy, insolvency, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights. Also, for purposes of the opinions in paragraphs (vi) and (vii) above, “Covered Laws” means the Federal laws of the United States and the statutorylaws of the State of New York (including the published rules and regulations thereunder) that in our experience normally are applicable to general business corporations and transactions such as those contemplated by the Opinion Documents; provided, however, that such term does not include Federal or state securities laws, antifraud laws or fraudulent transfer laws, tax laws, the Employee Retirement Income Security Act of 1974, antitrust laws, laws that restrict transactions between United States persons and citizens or residents of certain foreign countries or specially designated nationals and organizations or any law that is applicable to the Company, the Guarantor, the Opinion Documents or the transactions contemplated thereby solely as part of a regulatory regime applicable to the Company, the Guarantor or their affiliates due to its or their status, business or assets.
Such counsel may also state that their opinion is limited to the federal laws of the United States, the laws of the State of New York and the General Corporation Law of the State of Delaware and that they are expressing no opinion as to the effect of the laws of any other jurisdiction. In addition, in rendering the foregoing opinion, such counsel may assume that the Guarantor has been duly incorporated and is an existing company under the laws of Ireland. With respect to matters of Irish law, such counsel may note that the Underwriters have received the opinions of Arthur Cox, Irish legal advisors to the Guarantor, rendered pursuant to paragraphs 10(g) and 10(h) of this Section 10, respectively.
Such counsel may also state that, with the Underwriters’ approval, they have relied as to certain matters upon certificates of the Company and the Guarantor and each of the Company’s and Guarantor’s officers and employees and upon information obtained from other sources believed by them to responsible, and that they have assumed that the Indenture has been duly authorized, executed and delivered by the Trustee, that the Designated Securities conform to the specimens thereof examined by them, that the Trustee’s certificates of authentication of the Designated Securities have been manually signed by one of the Trustee’s duly authorized officers and that the signatures on all documents examined by them are genuine, assumptions which they have not independently verified.
Such counsel shall also advise the Underwriters that the Registration Statement, as of the date of the Prospectus Supplement, and the Basic Prospectus, as supplemented by the Prospectus Supplement, as of the date of the Prospectus Supplement, appeared on their face to be appropriately responsive, in all material respects relevant to the offering of the Designated Securities, to the requirements of the Securities Act, the Trust Indenture Act and the applicable rules and regulations of the Commission thereunder, and further, nothing that came to their attention in the course of their review has caused them to believe that, insofar as relevant to the offering of the Designated Securities, (a) that the Registration Statement, as of the date of the Prospectus Supplement, contained any untrue statement of a material fact or omitted to state any material fact required to be stated therein or necessary to make the
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