DFS VALIDITY OPINION.DOC

Maricopa County — Formal (2017-06-21)

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SAMPLE OPINION LETTER
TO BE EXECUTED ON COUNSEL'S LETTERHEAD
To: Dell Financial Services L.L.C.
One Dell Way
Round Rock, TX 78682
Ladies and Gentlemen:
We are counsel to the MARICOPA COUNTY (the "Lessee") and, in that capacity, we have examined
Master Lease Agreement No. 6711608, dated as of November 4, 2014, and the Lease Purchase Schedule No.
810-6711608-010 to Master Lease Agreement No. 6711608 thereto, dated as of April 17, 2002 (collectively the
"Agreement"), between the Lessee and Dell Financial Services L.L.C. (the "Lessor").
Based on our examination of the Agreement and such other examinations as we have deemed
appropriate, we are of the opinion as follows:
(a) The Lessee is an entity duly organized and existing under and by virtue of the authorizing
statute or constitutional provisions of the State of North Carolina and is a state or political subdivision thereof
as described in Section 103(a) of the Internal Revenue Code of 1986, as amended, with full power and
authority to enter into the Agreement and the transactions contemplated thereby and to perform all of its
obligations thereunder;
(b) The Agreement has been duly authorized, executed and delivered by _____________*,
_____________ of the Lessee by proper action of its governing board at a meeting duly called, regularly
convened and attended throughout by the requisite majority of the members thereof or by other appropriate
official approval, and all requirements have been met and procedures have occurred in order to ensure the
validity and enforceability of the Agreement against the Lessee;
(c) The Agreement constitutes the valid, legal and binding obligation of the Lessee, enforceable in
accordance with its terms;
(d) No approval, consent or withholding of objection is required from any federal, state or local
governmental authority or instrumentality with respect to the entering into or performance by the Lessee of the
Agreement and the transactions contemplated thereby;
(e) Lessee has complied with any applicable public bidding requirements and other applicable
state and federal laws in connection with the Agreement and the transactions contemplated thereby;
(f) The entering into and performance of the Agreement will not violate any judgment, order, law
or regulation applicable to the Lessee or result in any breach of, or constitute a default under, any instrument
to which the Lessee is a party or by which it or its assets may be bound, or result in the creation of any lien,
charge, security interest or other encumbrance upon any assets of the Lessee or on the Products, other than
those created by the Agreement;
(g) The Products are tangible personal property and when subject to use by the Lessee will not be
or become fixtures or real property under the laws of the State of North Carolina;
(h) There are no actions, suits, proceedings, inquiries or investigations, at law or in equity, before
or by any court, public board or body, pending or threatened against or affecting, nor to the best of our
knowledge and belief is there any basis therefor, which, if determined adversely to Lessee, will have a material
adverse effect on the ability of the Lessee to fulfill its obligations under the Agreement; and
(i) Lessee has, in accordance with the requirements of law, fully budgeted and appropriated
sufficient funds for Lessee’s current Fiscal Period to make the Rent payments scheduled to come due during
Lessee’s current Fiscal Period and to meet its other obligations under the Agreement for the current Fiscal
Period, and such funds have not been expended for other purposes.
This opinion is delivered to the addressee for its benefit and the benefit of its assigns for the purpose
contemplated by the Agreement.
Very truly yours,
*Authorized Signatory of Lessee under the Agreement.
Dell - Critical Handling - Confidential
Created on 5/9/2000 4:42:00 PM