Common use of Authorizations and Filings Clause in Contracts

Authorizations and Filings. No authorization, consent, approval, license, exemption or other action by, and no registration, qualification, designation, declaration or filing with, any Official Body is or will be necessary or, in the opinion of the Seller, advisable in connection with the execution and delivery by the Seller of this Agreement, the consummation by the Seller of the transactions herein contemplated or the performance by the Seller of or the compliance by the Seller with the terms and conditions hereof, to ensure the legality, validity or enforceability hereof, or to ensure that the Buyer will have a valid undivided ownership interest in and to the Historical Advances which is perfected and prior to all other Liens (including competing ownership interests), other than the filing of financing statements under the UCC in the jurisdiction of the Seller's Chief Executive Office.

Authorizations and Filings. No authorization, consent, approval, license, exemption or other action by, and no registration, qualification, designation, declaration or filing with, any Official Body is or will be necessary or, in the opinion of the Seller, advisable in connection with the execution and delivery by the Seller of this Agreement, the consummation by the Seller of the transactions herein contemplated or the performance by the Seller of or the compliance by the Seller with the terms and conditions hereof, to ensure the legality, validity or enforceability hereof, or to ensure that the Buyer will have a valid undivided ownership interest in and to the Historical Advances Receivables and the other related Purchased Assets which is perfected and prior to all other Liens (including competing ownership interests), other than the filing of financing statements under the UCC in the jurisdiction of the Seller's Chief Executive Office.