No Authorizations or Approvals Sample Clauses
The "No Authorizations or Approvals" clause establishes that a party does not require any further permissions, consents, or approvals from third parties or governmental authorities to enter into and perform its obligations under the agreement. In practice, this means the party represents that all necessary internal and external authorizations have already been obtained, and there are no outstanding legal or regulatory barriers to the contract’s execution. This clause serves to assure the other party that the agreement is fully enforceable and not subject to delays or invalidation due to missing approvals, thereby reducing the risk of non-performance.
No Authorizations or Approvals. No authorization or approval or action by, and no notice to or filing with, any Governmental Authority is required for the due execution, delivery and performance by the Borrower of this Agreement and the other Credit Documents.
No Authorizations or Approvals. No authorization or approval (including foreign exchange control approval), consent or other action by, and no notice to or filing with, any Governmental Authority or any other Person is required (except those authorizations, approvals, consents, actions, notices and filings which have been made or received and are in full force and effect) in connection with (a) the granting of the Licenses to the Operating Subsidiaries (other than a Project Subsidiary prior to the grant of any License thereto), (b) the operations of the Telecommunications Business conducted by the Obligors (other than a Project Subsidiary prior to the conduct of any such business thereby), (c) the due execution, delivery, performance, recordation, filing, validity or enforceability of this Agreement, any other Loan Document or Material Contract to which any Obligor is a party or the other transactions contemplated hereby or thereby, (d) the grant by any Obligor of the Liens granted by it pursuant to the Security Documents, (e) the perfection or maintenance of the Liens on any Obligor’s property created or purported to be created by the Security Documents (subject to Permitted Liens), including the first priority nature thereof, or (f) the exercise by any Common Creditor of its rights against any Obligor under the Loan Documents or the remedies in respect of the Collateral or any Obligor pursuant to the Security Documents.