Common use of Maintenance of Legal Validity Clause in Contracts

Maintenance of Legal Validity. The Borrowers shall obtain, comply with the terms of and do all that is necessary to maintain in full force and effect all authorisations, approvals, licences and consents required in or by the laws and regulations of its jurisdiction of formation and all other applicable jurisdictions, to enable them lawfully to enter into and perform their obligations under the Finance Documents and to ensure the legality, validity, enforceability or admissibility in evidence of the Finance Documents in their jurisdiction of incorporation or organisation and all other applicable jurisdictions.

Appears in 6 contracts

Samples: Secured Facility Agreement, Facility Agreement (Teekay Tankers Ltd.), Facility Agreement (Teekay Corp)

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Maintenance of Legal Validity. The Borrowers Borrower shall obtain, comply with the terms of and do all that is necessary to maintain in full force and effect all authorisations, approvals, licences and consents Authorisations required in or by the laws and regulations of its jurisdiction of formation and all other applicable jurisdictions, incorporation to enable them it lawfully to enter into and perform their its obligations under the Finance Documents and to ensure the legality, validity, enforceability or admissibility in evidence in its jurisdiction of incorporation of the Finance Documents in their jurisdiction of incorporation or organisation and all other applicable jurisdictionsDocuments.

Appears in 5 contracts

Samples: Standby Letter of Credit Facility (HCC Insurance Holdings Inc/De/), Standby Letter of Credit Facility (HCC Insurance Holdings Inc/De/), $90,000,000 Standby Letter of Credit Facility (HCC Insurance Holdings Inc/De/)

Maintenance of Legal Validity. The Borrowers Borrower shall promptly obtain, comply with the terms of and do all that is necessary to maintain in full force and effect all authorisations, approvals, licences and consents required in or by the laws and regulations of its jurisdiction of formation and all other applicable jurisdictions, incorporation or establishment to enable them it to lawfully to enter into and perform their its obligations under the Finance Documents this letter and to ensure the legality, validity, enforceability or admissibility in evidence of the Finance Documents in their its jurisdiction of incorporation or organisation and all other applicable jurisdictionsof this letter.

Appears in 5 contracts

Samples: Loan Agreement (CTRL GROUP LTD), Loan Agreement (SAMFINE CREATION HOLDINGS GROUP LTD), Loan Agreement (Energys Group LTD)

Maintenance of Legal Validity. The Borrowers Each Borrower shall obtain, comply with the terms of and do all that is necessary to maintain in full force and effect all authorisations, approvals, licences and consents Authorisations required in or by the laws and regulations of its jurisdiction of formation and all other applicable jurisdictions, to enable them it lawfully to enter into and perform their its obligations under the Finance Documents and to ensure the legality, validity, enforceability or admissibility in evidence of the Finance Documents in their its jurisdiction of incorporation or organisation formation and all other applicable jurisdictions.

Appears in 3 contracts

Samples: Secured Term Loan Facility Agreement, Secured Term Loan Facility Agreement (Teekay LNG Partners L.P.), Secured Term Loan Facility Agreement (Teekay LNG Partners L.P.)

Maintenance of Legal Validity. The Borrowers shall obtain, comply with the terms of and do all that is necessary to maintain in full force and effect all authorisations, approvals, licences and consents required in or by the laws and regulations of its jurisdiction their respective jurisdictions of incorporation or formation and all other applicable jurisdictions, to enable them lawfully to enter into and perform their obligations under the Finance Security Documents and to ensure the legality, validity, enforceability or admissibility in evidence of the Finance Security Documents in their jurisdiction respective jurisdictions of incorporation or organisation and all other applicable jurisdictions.

Appears in 2 contracts

Samples: Facility Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.)

Maintenance of Legal Validity. The Borrowers Borrower shall obtain, comply with the terms of and do all that is necessary to maintain in full force and effect all authorisationsauthorizations, approvals, licences and consents required in or by the laws and regulations of its jurisdiction of formation and all other applicable jurisdictions, incorporation to enable them it lawfully to enter into and perform their its obligations under each of the Finance Documents to which it is a party and to ensure the legality, validity, enforceability or admissibility in evidence in its jurisdiction of incorporation of each of the Finance Documents in their jurisdiction of incorporation or organisation and all other applicable jurisdictionsto which it is a party.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Capital One Financial Corp)

Maintenance of Legal Validity. The Borrowers Borrower shall obtain, comply with the terms of and do all that is necessary to maintain in full force and effect all authorisations, approvals, licences and consents required in or by the laws and regulations of its jurisdiction of formation and all other applicable jurisdictions, incorporation to enable them it lawfully to enter into and perform their its obligations under the Finance Documents this Agreement and to ensure the legality, validity, enforceability or admissibility in evidence of the Finance Documents in their its jurisdiction of incorporation or organisation and all other applicable jurisdictionsof this Agreement.

Appears in 1 contract

Samples: Revolving Facility Agreement (Ansaldo Signal Nv)

Maintenance of Legal Validity. The Borrowers Borrower shall obtain, comply with the terms of and do all that is necessary to maintain in full force and effect all authorisations, approvals, licences and consents required in or by the laws and regulations of its jurisdiction of formation and all other applicable jurisdictions, to enable them it lawfully to enter into and perform their its obligations under the Finance Facility Documents and to ensure the legality, validity, enforceability or admissibility in evidence of the Finance Facility Documents in their its jurisdiction of incorporation or organisation and all other applicable jurisdictions.

Appears in 1 contract

Samples: Secured Term Loan Facility Agreement (Teekay Offshore Partners L.P.)

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Maintenance of Legal Validity. The Borrowers Borrower shall obtain, comply with the terms of and do all that is necessary to maintain in full force and effect all authorisations, approvals, licences and consents required in or by the laws and regulations of its jurisdiction of formation and all other applicable jurisdictions, to enable them it lawfully to enter into and perform their its obligations under the Finance Documents and to ensure the legality, validity, enforceability or admissibility in evidence of the Finance Documents in their its jurisdiction of incorporation or organisation and all other applicable jurisdictions.

Appears in 1 contract

Samples: Secured Credit Facility (Teekay Offshore Partners L.P.)

Maintenance of Legal Validity. The Borrowers shall obtain, comply with the terms of and do all that is necessary to maintain in full force and effect all authorisations, approvals, licences and consents required in or by the laws and regulations of its jurisdiction their respective jurisdictions of formation incorporation or organisation and all other applicable jurisdictions, to enable each of them lawfully to enter into and perform their obligations under the Finance Security Documents and to ensure the legality, validity, enforceability or admissibility in evidence of the Finance Security Documents in their jurisdiction jurisdictions of incorporation or organisation and all other applicable jurisdictions.

Appears in 1 contract

Samples: Secured Reducing Revolving Loan Facility Agreement (Teekay Shipping Corp)

Maintenance of Legal Validity. The Borrowers Borrower shall obtain, comply with the terms of and do all that is necessary to maintain in full force and effect all authorisations, approvals, licences and consents required in or by the laws and regulations of its jurisdiction of formation and all other applicable jurisdictions, incorporations to enable them it lawfully to enter into and perform their its obligations under the Finance Documents this Agreement and to ensure the legality, validity, enforceability or admissibility in evidence of the Finance Documents in their its jurisdiction of incorporation or organisation and all other applicable jurisdictionsof this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Strategy International Insurance Group Inc)

Maintenance of Legal Validity. The Borrowers shall obtain, comply with the terms of and do all that is necessary to maintain in full force and effect all authorisations, approvals, licences and consents required in or by the laws and regulations of its jurisdiction of formation incorporation and all other applicable jurisdictions, to enable them lawfully to enter into and perform their obligations under the Finance Documents and to ensure the legality, validity, enforceability or admissibility in evidence of the Finance Documents in their jurisdiction of incorporation or organisation and all other applicable jurisdictions.

Appears in 1 contract

Samples: Secured Credit Facility (Teekay Offshore Partners L.P.)

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