Common use of Maintenance of Legal Validity Clause in Contracts

Maintenance of Legal Validity. The Borrower shall, and shall procure that each of the Security Parties (save for the Guarantor and the Pledgor) 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 it lawfully to enter into and perform its obligations under the Security Documents and to ensure the legality, validity, enforceability or admissibility in evidence of the Security Documents in its jurisdiction of incorporation or organisation and all other applicable jurisdictions.

Maintenance of Legal Validity. The Borrower shall, and shall procure that each of the Security Parties (save for the Guarantor and the PledgorGuarantor) 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 it lawfully to enter into and perform its obligations under the Security Documents and to ensure the legality, validity, enforceability or admissibility in evidence of the Security Documents in its jurisdiction of incorporation or organisation and all other applicable jurisdictions.

Maintenance of Legal Validity. The Borrower shall, and shall procure that each of the other Security Parties (save for the Guarantor and the PledgorGuarantors) shall obtain, comply with the terms of and do all that is necessary to maintain in full force and effect all authorisations, approvals, licences licenses and consents required in or by the laws and regulations of its jurisdiction of formation and all other applicable jurisdictions, to enable it lawfully to enter into and perform its obligations under the Security Documents and to ensure the legality, validity, enforceability or admissibility in evidence of the Security Documents in its jurisdiction of incorporation or organisation and all other applicable jurisdictions.