Common use of Authorization and Governmental Approvals Clause in Contracts

Authorization and Governmental Approvals. The execution and delivery of each of the Credit Facility Documents and the performance by each of the Borrowers and the Material Subsidiaries of its obligations thereunder have been duly authorized by all necessary corporate or partnership action on the part of each Borrower and Material Subsidiary and no permit, licence or approval under any applicable Law, and no registration (other than registrations of or in respect of the Security Documents in public offices of record), qualification, designation, declaration or filing with any Governmental Body having jurisdiction over the Borrowers or the Material Subsidiaries, is or was necessary therefor or to preserve the benefit thereof to the Lender.

Authorization and Governmental Approvals. The execution and delivery of each of the Credit Facility Documents and the performance by each of the Borrowers and the Material Subsidiaries of its obligations thereunder have been duly authorized by all necessary corporate or partnership action on the part of each Borrower and Material Subsidiary and no permit, licence or approval under any applicable Law, and no registration (other than registrations of or in respect of the Security Documents in public offices of record), qualification, designation, declaration or filing with any Governmental Body having jurisdiction over the Borrowers or the Material Subsidiaries, Subsidiaries is or was necessary therefor or to preserve the benefit thereof to the Lender.