Calfee, Halter & Griswold LLP
September 24, 2021
Page 2
1. The Indenture is the valid and binding obligation of the Company, enforceable against the Company in accordance with its terms.
2. Upon the issuance and authentication of the Notes by the Trustee in accordance with the Indenture, the Notes will constitute the valid and binding obligations of the Company, enforceable against the Company in accordance with their respective terms.
The foregoing opinions are subject to (i) bankruptcy, insolvency, moratorium, fraudulent conveyance and other similar laws affecting the rights and remedies of creditors generally, and (ii) constitutional and public policy limitations and general principles of equity. In addition, we express no opinion as to: (i) the right to collect any payment to the extent that such payment constitutes a penalty, premium, forfeiture, or late payment charge; (ii) whether the exercise of a remedy limits or precludes the exercise of another remedy; (iii) any purported right of indemnification or exculpation with respect to illegal acts, intentional torts, willful conduct, or violations of securities laws; (iv) any purported right to intervene in a legal proceeding; (v) provisions that have the effect of extending the applicable statute of limitations; (vi) the effectiveness and enforceability of waivers of setoff, or statutory, regulatory or constitutional rights; or (vii) provisions that expressly or impliedly purport to waive extra-contractual remedies.
The foregoing opinions are based solely on a review of generally applicable laws of New York and not on the basis of any review of any orders, decrees, judgments or other determinations that may be specifically applicable to the Company.
For the purpose of rendering the foregoing opinions, we have examined only (i) the Base Indenture and the forms of the Supplemental Indenture and the Notes, and (ii) your opinion of counsel, dated the date hereof (the “Calfee Opinion”). We have not reviewed any other documents or made any independent investigation whatsoever for the purposes of rendering our opinions, and we make no representation as to the scope or sufficiency of our document review for your purposes. With your permission, the foregoing opinions are qualified in all respects by the scope of such document examination.
In rendering these opinions, we have made such examination of New York laws as we have deemed relevant for the purposes hereof. We have not participated in any aspect of the negotiation, documentation or consummation of the transactions underlying or contemplated by, or entered into concurrently with, the Indenture or the Notes. Accordingly, we have, with your permission, assumed and relied, without independent investigation, upon, among other things: (i) the due formation, existence and good standing of the Company and the Trustee, and the truth, accuracy and completeness of their representations, warranties and acknowledgements contained in the Indenture; (ii) the due authorization, execution and valid delivery of the Base Indenture, the Supplemental Indenture and the Notes by the Company and the Trustee, and the legality, validity and binding effect of the Base Indenture and the Supplemental Indenture as to the Trustee; (iii) the due authorization, execution, authentication, issuance,