Asbury Automotive Group, Inc.
September 30, 2020
Page 4
and in full force and effect, and that none of the Organizational Documents nor the Written Consents have been amended, modified, altered, repealed, rescinded, revoked or terminated in any fashion.
E. All certificates and approvals of public officials have been properly given and were accurate and complete when given and remain accurate and complete on the date of this letter.
Based upon the foregoing, and subject to the limitations and qualifications expressed herein, we are of the opinion that:
1. Based solely upon the Crown Acura Certificate of Existence, Crown Acura/Nissan, LLC is a limited liability company in existence under the laws of the State of North Carolina. Based solely upon the Crown Honda Certificate of Existence, Crown Honda, LLC is a limited liability company in existence under the laws of the State of North Carolina.
2. Each of the North Carolina Subsidiaries has all requisite limited liability company power and authority to perform its obligations under the Indentures, including the Subsidiary Guarantees contained therein.
3. The execution and delivery by each North Carolina Subsidiary of the Indentures, and the performance by it of its obligations under the Subsidiary Guarantees contained therein, have been duly authorized by all necessary limited liability company action on the part of such North Carolina Subsidiary.
4. The execution and delivery by Crown Acura of the Indentures did not, and the performance by Crown Acura of its obligations under the Subsidiary Guarantees contained therein will not, violate (a) the Crown Acura Organizational Documents (other than performance under any indemnification provision, as to which no opinion is rendered), or (b) North Carolina Law (as hereinafter defined).
5. The execution and delivery by Crown Honda of the Indentures did not, and the performance by Crown Honda of its obligations under the Subsidiary Guarantee contained therein will not, violate (a) the Crown Honda Organizational Documents (other than performance under any indemnification provision, as to which no opinion is rendered), or (b) North Carolina Law (as hereinafter defined).
All the opinions set forth in this letter are expressly limited and qualified as follows:
a. The opinions expressed herein are limited to matters of North Carolina Law. No opinion is expressed as to any issue that is governed by the laws of any other jurisdiction. The term “North Carolina Law” means the existing North Carolina statutes, rules and regulations that a lawyer practicing in North Carolina and exercising customary professional diligence would recognize as being applicable to the transactions described in the Indentures.