Common use of Positive Undertakings Clause in Contracts

Positive Undertakings. 1 Authorisations: The Issuer must promptly obtain, comply with and do all that is necessary to maintain in full force and effect any Authorisation required under any law or regulation of England and Wales that enable it to perform its obligations under the Transaction Documents and to ensure the legality, validity, enforceability or admissibility in evidence of any Transaction Document or that enable it to own its assets and carry on its business as it is being conducted.

Positive Undertakings. 1 Authorisations: The Issuer must promptly obtain, comply with and do all that is necessary to maintain in full force and effect any Authorisation required under any law or regulation of England and Wales that enable it to perform its payment obligations under the Transaction Finance Documents and to ensure the legality, validity, enforceability or admissibility in evidence of any Transaction Finance Document or that enable it to own its assets and carry on its business as it is being conducted.,