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Not FM Canada Inc., et al. – ‘S-4/A’ on 7/1/05 – EX-5.1

On:  Friday, 7/1/05, at 12:03pm ET   ·   Accession #:  950133-5-2948   ·   File #s:  333-124394, -01, -02, -03, -04, -05, -06, -07, -08, -09, -10, -11, -12, -13

Previous ‘S-4’:  ‘S-4/A’ on 5/9/05   ·   Next:  ‘S-4/A’ on 7/11/05   ·   Latest:  ‘S-4/A’ on 7/14/05

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 7/01/05  Not FM Canada Inc.                S-4/A                  6:14M                                    Bowne - DC/FA
          Standard Aero Holdings Inc.
          Standard Aero Canada Inc.
          Standard Aero (Alliance) Inc.
          Standard Aero, Inc.
          Standard Aero (San Antonio) Inc.
          Standard Aero Redesign Services Inc.
          Standard Aero (US) Inc.
          Standard Aero (US) Legal Inc.
          Standard Aero Materials Inc.
          Nova Scotia 3091782
          Standard Aero Ltd
          Nova Scotia 3091781
          Nova Scotia 3091783

Pre-Effective Amendment to Registration of Securities Issued in a Business-Combination Transaction   —   Form S-4
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-4/A       Amendment #2 to Form S-4 for Standard Aero          HTML    109K 
                          Holdings, Inc.                                         
 2: EX-5.1      Opinion re: Legality                                HTML     31K 
 3: EX-5.2      Opinion re: Legality                                HTML     13K 
 4: EX-5.3      Opinion re: Legality                                HTML     18K 
 5: EX-10.21    Material Contract                                    414   1.93M 
 6: EX-10.23    Material Contract                                   HTML  10.62M 


EX-5.1   —   Opinion re: Legality


This exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



  exv5w1  

 

Exhibit 5.1

             
      53rd at Third
      885 Third Avenue
      New York, New York 10022-4834
      Tel: (212) 906-1200 Fax: (212) 751-4864
      www.lw.com    
      FIRM / AFFILIATE OFFICES
      Boston   New York
      Brussels   Northern Virginia
      Chicago   Orange County
      Frankfurt   Paris
      Hamburg   San Diego
      Hong Kong   San Francisco
      London   Shanghai
      Los Angeles   Silicon Valley
      Milan   Singapore
      Moscow   Tokyo
      New Jersey   Washington, D.C.
 
      File No. 038961-0002

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July ____, 2005

Standard Aero Holdings, Inc.
500-1780 Wellington Avenue
Winnipeg, Manitoba, Canada

Re:$200,000,000 Aggregate Principal Amount of 81/4% Senior Subordinated Notes due 2014

Ladies and Gentlemen:

     We have acted as special counsel to Standard Aero Holdings, Inc., a Delaware corporation (the “Company”), in connection with the issuance by the Company of $200,000,000 aggregate principal amount of its 81/4% Senior Subordinated Notes due 2014 (the “Securities”) and the guarantees of the Securities (the “Guarantees”) by the guarantors listed on Exhibit A hereto (the “Guarantors”) under an Indenture dated as of August 20, 2004, as supplemented on August 24, 2004, August 24, 2004, March 3, 2005 and March 31, 2005 (as so supplemented, the “Indenture”), among the Company, the Guarantors and Wells Fargo Bank, National Association, as trustee (the “Trustee”), and pursuant to a registration statement on Form S-4 under the Securities Act of 1933, as amended (the “Act”), filed with the Securities and Exchange Commission (the “Commission”) on April 28, 2005 (File No. 333-124394), as amended on May 9, 2005 and July ___, 2005 (as so amended, the “Registration Statement”). This opinion is being furnished in accordance with the requirements of Item 601(b)(5) of Regulation S-K under the Act, and no opinion is expressed herein as to any matter pertaining to the contents of the Registration Statement or the prospectus contained therein, other than as to the enforceability of the Securities and Guarantees as provided herein.

     In our capacity as such counsel, we are familiar with the proceedings taken and proposed to be taken by the Company and those Guarantors incorporated in the State of Delaware (the “Covered Guarantors”) in connection with the authorization and issuance of the Securities and the Guarantees, respectively. In addition, we have examined such matters of fact and questions of law as we have considered appropriate for purposes of this letter. With your consent, we have relied upon the foregoing and upon certificates and other assurances of officers of the Company and others as to factual matters without having independently verified such factual matters.

     We are opining herein as to the internal laws of the State of New York and the General Corporation Law of the State of Delaware, and we express no opinion with respect to the applicability thereto, or the effect thereon, of the laws of any other jurisdiction or, in the case of Delaware, any other laws, or as to any matters of municipal law or the laws of any local agencies within any state. Various issues concerning the laws of the province of Nova Scotia, Canada and

 



 

June ___, 2005
Page 2

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the federal laws of Canada are address in the opinions listed on Exhibit B hereto, which have been separately provided to you. We express no opinion with respect to those matters herein, and to the extent elements of those opinions are necessary to the conclusion expressed herein, we have, with your consent, assumed such matters.

     Subject to the foregoing and the other matters set forth herein, it is our opinion that, as of the date hereof:

(1) The Securities have been duly authorized by all necessary corporate action of the Company and, when executed, issued, authenticated and delivered by or on behalf of the Company in accordance with the Indenture in the manner contemplated by the Registration Statement and the Registration Rights Agreement, dated as of August 20, 2004 (the “Registration Rights Agreement”), among the Company, the Guarantors, J.P. Morgan Securities Inc., Lehman Brothers Inc. and Credit Suisse First Boston LLC, the Securities will be legally valid and binding obligations of the Company enforceable against the Company in accordance with their terms.

(2) The Guarantee of each of the Covered Guarantors has been duly authorized by all necessary corporate action of such Covered Guarantor and, when the Securities have been duly executed, issued, authenticated and delivered by or on behalf of the Company in accordance with the Indenture in the manner contemplated by the Registration Statement and the Registration Rights Agreement, each of the Guarantees will be the legally valid and binding obligations of the respective Guarantor, enforceable against the respective Guarantor in accordance with its terms.

     The opinions rendered in paragraphs 1 and 2 relating to the enforceability of the Securities and the Guarantees, respectively, are subject to the following exceptions, limitations and qualifications: (a) the effect of bankruptcy, insolvency, reorganization, fraudulent transfer, moratorium or other similar laws relating to or affecting the rights and remedies of creditors; (b) the effect of general principles of equity, whether enforcement is considered in a proceeding in equity or at law (including the possible unavailability of specific performance or injunctive relief), concepts of materiality, reasonableness, good faith and fair dealing, and the discretion of the court before which any proceeding therefor may be brought; (c) the unenforceability under certain circumstances under law or court decisions of provisions providing for the indemnification of or contribution to a party with respect to a liability where such indemnification or contribution is contrary to public policy; (d) we express no opinion as to the enforceability of any provisions for liquidated damages, default interest, late charges, monetary penalties, make-whole premiums or other economic remedies to the extent such provisions are deemed to constitute a penalty and (e) we express no opinion concerning the enforceability of (i) the waiver of rights or defenses contained in Section 4.06 of the Indenture; or (ii) any provision requiring the payment of attorneys’ fees, where such payment is contrary to law or public policy.

     With your consent, we have assumed (a) that the Indenture has been duly authorized, executed and delivered by, and constitutes a legally valid and binding obligation of, the Trustee and each Guarantor that is not a Covered Guarantor, enforceable against each of them in

 



 

June ___, 2005
Page 3

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accordance with its terms, and (b) that the status of the Indenture, the Securities and the Guarantees as legally valid and binding obligations is not affected by any (i) breaches of, or defaults under, agreements or instruments, (ii) violations of statutes, rules, regulations or court or governmental orders, or (iii) failures to obtain required consents, approvals or authorizations from, or make required registrations, declarations or filings with, governmental authorities.

     This opinion is for your benefit in connection with the Registration Statement and may be relied upon by you and by persons entitled to rely upon it pursuant to the applicable provisions of federal securities laws. We consent to your filing this opinion as an exhibit to the Registration Statement and to the reference to our firm contained in the prospectus contained therein under the heading “Validity of Securities.” In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission thereunder.

Very truly yours,

 



 

June ___, 2005
Page 4

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Exhibit A

Guarantors

         
 
Name
  Jurisdiction  
 
1. Standard Aero (US), Inc.
  Delaware
 
2. Standard Aero (US) Legal, Inc.
  Delaware
 
3. Standard Aero, Inc.
  Delaware
 
4. Standard Aero Materials, Inc.
  Delaware
 
5. Standard Aero (San Antonio) Inc.
  Delaware
 
6. Standard Aero (Alliance) Inc.
  Delaware
 
7. Standard Aero Canada, Inc.
  Delaware
 
8. Standard Aero Redesign Services Inc.
  Delaware
 
9. 3091781 Nova Scotia Company
  Nova Scotia
 
10. 3091782 Nova Scotia Company
  Nova Scotia
 
11. 3091783 Nova Scotia Company
  Nova Scotia
 
12. Standard Aero Limited
  Canada
 
13. Not FM Canada Inc.
  Canada
 

 



 

June ___, 2005
Page 6

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Exhibit B

         
 
Jurisdiction   Guarantor(s)   Firm
 
Nova Scotia
  3091781 Nova Scotia Company   Stewart McKelvey Stirling Scales
 
  3091782 Nova Scotia Company   1959 Upper Water Street, Suite 900
 
  3091783 Nova Scotia Company   P.O. Box 997
 
      Halifax, NS B3J 2X2
         
 
      Contact: Charles Reagh
 
      (902) 420-3335
 
       
 
Canada
  Standard Aero Limited   Aikins MacAulay & Thorvaldson
 
  Not FM Canada Inc.   Commodity Exchange Tower,
 
      30th Floor
 
      360 Main Street
 
      Winnipeg, MB R3C 4G1
         
 
      Contact: Michelle Chorney
 
      (204) 957-0050
 

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘S-4/A’ Filing    Date    Other Filings
Filed on:7/1/05
5/9/05S-4/A
4/28/05S-4
3/31/05
3/3/05
8/24/04
8/20/04
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Filing Submission 0000950133-05-002948   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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