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Dell Technologies Inc. Dell International L.L.C. EMC Corporation, et al. | | - 2 - | | January 9, 2023 |
In rendering the opinions set forth below, we have assumed the genuineness of all signatures, the legal capacity of natural persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as duplicates or certified or conformed copies and the authenticity of the originals of such latter documents. We also have assumed that at the time of execution, authentication, issuance and delivery of any of the Securities and the Guarantees, the Indenture will be the valid and legally binding obligation of the Trustee.
In rendering the opinions set forth below, we have assumed further that, at the time of execution, authentication, issuance and delivery, as applicable, of the Securities and the Guarantees, (1) each of the Issuers and the Guarantors will be validly existing and in good standing under the law of the jurisdiction in which it is organized and the Indenture will have been duly authorized, executed and delivered by each of the Issuers and the Guarantors in accordance with its organizational documents and the law of the jurisdiction in which it is organized, (2) the execution, delivery and performance by each of the Issuers and the Guarantors of the Indenture will not constitute a breach or violation of its organizational documents or violate the law of the jurisdiction in which it is organized or any other jurisdiction (except that no such assumption is made with respect to the law of the State of New York, the Delaware General Corporation Law or the Delaware Limited Liability Company Act, assuming there shall not have been any change in such laws affecting the validity or enforceability of the Indenture) and (3) the execution, delivery and performance, as applicable, by each of the Issuers and the Guarantors of the Indenture will not constitute a breach or default under any agreement or instrument which is binding upon any of the Issuers or Guarantors.
Based upon the foregoing, and subject to the qualifications, assumptions and limitations stated herein, we are of the opinion that:
1. Assuming (a) the taking of all necessary corporate action by the sole member or board of directors, as applicable, of each issuer, a duly constituted and acting committee of such sole member, board of directors, committee or duly authorized officers of each issuer (such sole member, board of directors, committee or authorized officers being hereinafter referred to as such “issuer authorizing party”) to authorize and approve the issuance and terms of any securities and the terms of the offering thereof so as not to violate any applicable law or agreement or instrument then binding on the issuers, and (b) the due execution, authentication, issuance and delivery of the securities, upon payment therefor in accordance with the applicable definitive underwriting, purchase or similar agreement approved by such issuer authorizing party and otherwise in accordance with the provisions of such agreement and the indenture, such securities will constitute valid and legally binding obligations of the issuers enforceable against the issuers in accordance with their terms.
2. Assuming (a) the taking of all necessary corporate action by the Board of Directors of each Guarantor, a duly constituted and acting committee of such Board or duly authorized officers of each Guarantor (such Board of Directors, committee or authorized officers being hereinafter referred to as the “Guarantor Authorizing Party”) to approve the issuance and terms of the Guarantees and the terms of the offering thereof so