Common use of Authorisations and Clearances Clause in Contracts

Authorisations and Clearances. A copy of each Necessary Authorisation as is, in the reasonable opinion of counsel to the Lenders, necessary to render the Finance Documents to which the Ultimate Parent, the Parent, each Original Obligor and the US Borrower is party legal, valid, binding and enforceable to make the Finance Documents to which the Ultimate Parent, the Parent, each Original Obligor and the US Borrower is party admissible in evidence in such Original Obligor’s jurisdiction of incorporation and in England and to enable the Ultimate Parent, the Parent, such Original Obligor and the US Borrower to perform its obligations thereunder, save in each case, for any registration or recording required for the perfection of the Security Documents and subject to the Reservations (to the extent applicable).