Common use of No adverse consequences Clause in Contracts

No adverse consequences. (a) It is not necessary under the laws of its jurisdiction of incorporation: (i) in order to enable the Facility Agent to enforce its rights under any Finance Document; or (ii) by reason of the execution of any Finance Document or the performance by it of its obligations under any Finance Document, that the Facility Agent should be licensed, qualified or otherwise entitled to carry on business in its jurisdiction of incorporation; and (b) The Facility Agent will not be deemed to be resident, domiciled or carrying on business in its jurisdiction of incorporation by reason only of the execution, performance and/or enforcement of any Finance Document.