Asbury Automotive Group, Inc.
August 14, 2020
Page 3
(c) The accuracy and completeness of all information provided, in written form or by electronic transmission, to us by offices of public record at the time given and as of the date of this opinion letter;
(d) With respect to all parties to the transactions contemplated by the Indentures other than the Company: (i) the due and valid authorization, execution and delivery of all documents delivered by such party as the legal, valid and binding obligations of such party; (ii) the legal and valid existence of such party under the laws of the jurisdiction in which it is incorporated or organized; (iii) the compliance by such party with all other legal requirements pertaining to its status as such status relates to its rights to enforce the documents to which it is a party; and (iv) the compliance by such party with all applicable laws, rules and regulations governing the conduct of its business as related to the transactions contemplated by the Registration Statement; and
(e) Any certificate, representation, confirmation or other document upon which we have relied that was given or dated on or prior to the date of this opinion letter continues to remain accurate from such earlier date through and including the date of this opinion letter insofar as it relates to the opinions expressed herein.
Based on the foregoing examinations and assumptions, and subject to the qualifications, limitations and exclusions stated below in this opinion letter, we are of the opinion that:
1. Based solely upon the Certificate of Existence, the Company is a corporation validly existing under the laws of the State of Oregon.
2. The Company has all requisite corporate power and corporate authority to perform its obligations under the Indentures, including the Subsidiary Guarantee set forth therein.
3. The execution and delivery by the Company of, and the performance by the Company of its obligations under, the Indentures, including the Subsidiary Guarantee set forth therein, have been duly authorized by all necessary corporate action of the Company.
4. The execution and delivery by the Company of, and the performance by the Company of its obligations under, the Indentures, including the Subsidiary Guarantee set forth therein, do not violate (a) the provisions of the Company’s articles of incorporation or bylaws, or (b) applicable provisions of Oregon statutory laws or regulations.