Common use of Obligor’s Authority Clause in Contracts

Obligor’s Authority. No authorization, approval or action by, and no notice or filing with, any Governmental Authority or the issuer of any Subsidiary Equity is required either (i) for the pledge made by an Obligor or for the granting of the security interest by an Obligor pursuant to this Agreement or (ii) for the exercise by the Administrative Agent or the Secured Parties of their rights and remedies hereunder (except as may be required by laws affecting the offering and sale of securities or UCC, United States Patent and Trademark Office or United States Copyright Office filings to perfect such security interests).

Obligor’s Authority. No authorization, approval or action by, and no notice or filing with, with any Governmental Authority or Authority, with the issuer of any Subsidiary Equity is required either (i) for the pledge made by an Obligor or for the granting of the security interest by an Obligor pursuant to this Agreement or (ii) for the exercise by the Administrative Agent or the Secured Parties Lenders of their rights and remedies hereunder (except as may be required by laws affecting the offering and sale of securities or UCC, UCC or United States Patent and Trademark Office or United States Copyright Office filings to perfect such security interests).