Common use of No adverse consequences Clause in Contracts

No adverse consequences. 19.7.1 It is not necessary under the laws of the any Obligor’s Relevant Jurisdiction that any Finance Party should be licensed, qualified or otherwise entitled to carry on business in that jurisdiction: (a) in order to enable any Finance Party to enforce its rights under any Finance Document; or (b) by reason of any Finance Party having entered into any Finance Document or the performance by it of its obligations under any Finance Document. 19.7.2 As at the date of this Agreement, the Closing Date and the Utilisation Date, no Finance Party is or will be deemed to be resident, domiciled or carrying on business in the Relevant Jurisdiction of either Borrower by reason only of the entry into, performance and/or enforcement of any Finance Document.

Appears in 3 contracts

Samples: Facilities Agreement, Facilities Agreement (MiX Telematics LTD), Facilities Agreement (PowerFleet, Inc.)

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No adverse consequences. 19.7.1 18.22.1 It is not necessary under the laws of the Relevant Jurisdictions of any Obligor’s Relevant Jurisdiction that any Finance Party should be licensed, qualified or otherwise entitled to carry on business in that jurisdiction: (a) in order to enable any Finance Party to enforce its rights under any Finance Document; or (b) by reason of any Finance Party having entered into the execution of any Finance Document or the performance by it any Obligor of its obligations under any Finance DocumentDocument to which it is, or is to be, a party, that any Finance Party should be licensed, qualified or otherwise entitled to carry on business in any of such Relevant Jurisdictions. 19.7.2 As at the date of this Agreement, the Closing Date and the Utilisation Date, no 18.22.2 No Finance Party is or will be deemed to be resident, domiciled or carrying on business in the any Relevant Jurisdiction of either Borrower by reason only of the entry intoexecution, performance and/or enforcement of any Finance Document.

Appears in 2 contracts

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

No adverse consequences. 19.7.1 18.24.1 It is not necessary under the laws of the Relevant Jurisdictions of any Obligor’s Relevant Jurisdiction that any Finance Party should be licensed, qualified or otherwise entitled to carry on business in that jurisdiction: (a) in order to enable any Finance Party to enforce its rights under any Finance Document; or (b) by reason of any Finance Party having entered into the execution of any Finance Document or the performance by it any Obligor of its obligations under any Finance DocumentDocument to which it is, or is to be, a party, that any Finance Party should be licensed, qualified or otherwise entitled to carry on business in any of such Relevant Jurisdictions. 19.7.2 As at the date of this Agreement, the Closing Date and the Utilisation Date, no 18.24.2 No Finance Party is or will be deemed to be resident, domiciled or carrying on business in the any Relevant Jurisdiction of either Borrower by reason only of the entry intoexecution, performance and/or enforcement of any Finance Document.

Appears in 2 contracts

Samples: Facility Agreement (DryShips Inc.), Facility Agreement (Quintana Shipping Ltd.)

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No adverse consequences. 19.7.1 18.7.1 It is not necessary under the laws of the any Obligor’s Relevant Jurisdiction that any Finance Party should be licensed, qualified or otherwise entitled to carry on business in that jurisdiction: (a) in order to enable any Finance Party to enforce its rights under any Finance Document; or (b) by reason of any Finance Party having entered into any Finance Document or the performance by it of its obligations under any Finance Document. 19.7.2 18.7.2 As at the date of this Agreement, the Closing Date and the Utilisation Date, no Finance Party is or will be deemed to be resident, domiciled or carrying on business in the Relevant Jurisdiction of either the Borrower by reason only of the entry into, performance and/or enforcement of any Finance Document.

Appears in 1 contract

Samples: Facility Agreement (Powerfleet, Inc.)

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