Asbury Automotive Group, Inc.
September 30, 2020
Page 4
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.
All of the opinions set forth in this opinion letter are expressly limited and qualified as follows:
A. We are qualified to practice law in the State of Oregon, and we do not express any opinions in this letter concerning any issue that is governed by the laws of any other jurisdiction. Further, all federal laws, rules and regulations are expressly excluded from the scope of this opinion letter.
B. This opinion is provided to you as a legal opinion only, and not as a guaranty or warranty of the matters discussed herein. Our opinion is limited to the matters expressly stated herein, and no other opinions may be implied or inferred.
Our opinions herein are being furnished to you in connection with the Exchange Offer pursuant to the Registration Statement. We hereby consent to the filing of this opinion as Exhibit 5.3 to the Registration Statement and the filing of this consent shall not be deemed an admission that this firm is an expert within the meaning of Section 7 of the Securities Act of 1933 or the rules and regulations of the Securities and Exchange Commission promulgated thereunder. No one is entitled to rely on our opinions in any other context.
This opinion letter and the opinions contained herein are as of the date set forth above, and we do not undertake to advise you of matters that may come to our attention subsequent to the date hereof and that may affect our legal opinions expressed herein.
Very truly yours,
/s/ Stoel Rives LLP