Unqualified Tax Opinion

Example Definitions of "Unqualified Tax Opinion"
Unqualified Tax Opinion. Means a reasoned "will" opinion, without qualifications, of a nationally recognized law firm to the effect that a transaction will not affect the Tax-Free Status of the Spin-Off. For purposes of this definition, an opinion is reasoned if it describes the reasons for the conclusions and includes the facts, assumptions, and supporting legal analysis.
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