Common use of Legal Form Clause in Contracts

Legal Form. This Agreement is in proper legal form under the law of Mexico for the enforcement thereof against such Guarantor under such law, and if it were stated to be governed by such law, it would constitute a legal, valid and binding obligation of such Guarantor under such law, enforceable in accordance with its terms. All formalities required in Mexico for the validity and enforceability of this Agreement have been accomplished and no Covered Taxes are required to be paid and no notarization is required for the validity and enforceability hereof, provided, that in the event any legal proceedings are brought to the courts of Mexico, a Spanish translation of the documents required in such proceedings needs to be prepared by a court-approved translator and would have to be approved by such court after the defendant had been given an opportunity to be heard with respect to the accuracy of the translation, and proceedings would thereafter be based upon the translated documents.

Appears in 1 contract

Samples: Credit Agreement (Copamex Industries Inc)

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Legal Form. This Agreement and the other Loan Documents to which it is a party and, in the case of VENA and Vitro Packaging, the Intercompany Notes are in proper legal form under the law laws of Mexico for the enforcement thereof against such Guarantor it under such law, and if it were stated to be governed by such law, it would constitute a legal, valid and binding obligation of such Guarantor under such law, enforceable in accordance with its terms. All formalities required in Mexico for the validity and enforceability of this Agreement each of the Loan Documents and the Intercompany Notes have been accomplished satisfied, and no Covered Taxes are required to be paid and no notarization is required required, for the validity and enforceability hereof, thereof; provided, that in the event any legal proceedings are brought to in the courts of Mexico, a Spanish translation of the documents required in such proceedings needs to be prepared by a court-approved translator and would have to be approved by such court after the defendant had been given an opportunity to be heard with respect to the accuracy of the translation, and proceedings would thereafter be based upon the translated documents.

Appears in 1 contract

Samples: Loan Agreement (Vitro Sa De Cv)

Legal Form. This Agreement and the other Loan Documents to which it is a party are in proper legal form under the law laws of Mexico its jurisdiction of incorporation for the enforcement thereof against such Guarantor it under such law, and if it were stated to be governed by such law, it would constitute a legal, valid and binding obligation of such Guarantor under such law, enforceable in accordance with its terms. All formalities required in Mexico its jurisdiction of incorporation for the validity and enforceability of this Agreement each of the Loan Documents have been accomplished satisfied, and no Covered Taxes are required to be paid and no notarization is required required, for the validity and enforceability hereof, thereof; provided, that in the event any legal proceedings are brought to in the courts of Mexico, a Spanish translation of the documents required in such proceedings needs to be prepared by a court-approved translator and would have to be approved by such court after the defendant had been given an opportunity to be heard with respect to the accuracy of the translation, and proceedings would thereafter be based upon the translated documents.

Appears in 1 contract

Samples: Loan Agreement (Vitro Sa De Cv)

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Legal Form. This Agreement and the other Loan Documents to which it is a party are in proper legal form under the law laws of Mexico its jurisdiction of incorporation for the enforcement thereof against such Guarantor it under such law, and if it were stated to be governed by such law, it would constitute a legal, valid and binding obligation of such Guarantor under such law, enforceable in accordance with its terms. All formalities required in Mexico its jurisdiction of incorporation for the validity and enforceability of this Agreement each of the Loan Documents have been accomplished satisfied, and no Covered Taxes Additional Amounts are required to be paid and no notarization is required, (other than required notarization of the Pledge Agreements), for the validity and enforceability hereof, thereof; provided, that in the event any legal proceedings are brought to in the courts of Mexico, a Spanish translation of the documents required in such proceedings needs to be prepared by a court-approved translator and would have to be approved by such court after the defendant had been given an opportunity to be heard with respect to the accuracy of the translation, and proceedings would thereafter be based upon the translated documents.

Appears in 1 contract

Samples: Loan Agreement (Vitro Sa De Cv)

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