Common use of Validity and admissibility in evidence Clause in Contracts

Validity and admissibility in evidence. (a) All Authorisations required: (i) to enable each Obligor lawfully to enter into, exercise its rights and comply with its obligations under each Transaction Document to which it is a party; (ii) to make each Transaction Document to which it is a party admissible in evidence in its Relevant Jurisdictions; and (iii) to ensure that the Transaction Security has the priority and ranking contemplated by the Security Documents, have been obtained or effected and are in full force and effect except any Authorisation or filing referred to in clause 19.15 (No filing or stamp taxes), which Authorisation or filing will be promptly obtained or effected within any applicable period. (b) All Authorisations necessary for the conduct of the business, trade and ordinary activities of each Obligor have been obtained or effected and are in full force and effect if failure to obtain or effect those Authorisations might have a Material Adverse Effect.

Validity and admissibility in evidence. (a) All Authorisations required: (i) to enable each Obligor it lawfully to enter into, exercise its rights and comply with its obligations under each Transaction Document in the Finance Documents to which it is a party;; and (ii) subject to the Legal Reservations and (in relation to the Transaction Security Documents) Perfection Requirements, to make each Transaction Document the Finance Documents to which it is a party admissible in evidence in its Relevant Jurisdictions; and (iii) to ensure that the Transaction Security has the priority and ranking contemplated by the Security Documents, have been obtained or effected and are in full force and effect except any Authorisation or filing referred to in clause 19.15 paragraphs (a)-(c) of Clause 23.9 (No filing or stamp taxes), which Authorisation or filing Authorisations will be promptly obtained or effected within any applicable periodafter the first Utilisation Date. (b) All Authorisations necessary for the conduct of the its and its Subsidiaries, business, trade and ordinary activities of each Obligor have been obtained or effected and are in full force and effect if failure to obtain or effect those Authorisations might has or is reasonably likely to have a Material Adverse Effect.

Validity and admissibility in evidence. (a) All Subject to the Legal Reservations, all Authorisations requiredrequired or desirable: (i) to enable each it and any On-Loan Obligor lawfully to enter into, exercise its rights and comply with its obligations under each the Transaction Document Documents to which it is a party;; and (ii) to make each the Transaction Document Documents to which it is a party admissible in evidence in its Relevant Jurisdictions; and (iii) to ensure that the Transaction Security has the priority and ranking contemplated by the Security Documents, have been obtained or effected and are in full force and effect except any Authorisation for those filings or filing registrations required in relation to the Transaction Security Documents referred to in clause 19.15 Clause 25.10 (No filing or stamp taxes), ) which Authorisation filings or filing registrations will promptly be promptly obtained or effected made after execution of the relevant Transaction Security Documents and in any event within any applicable periodtime limits. (b) All Authorisations necessary for the conduct of the business, trade and ordinary activities of each Obligor members of the Group have been obtained or effected and are in full force and effect if failure to obtain or effect those Authorisations might has or would have a Material Adverse Effect.

Validity and admissibility in evidence. (a) All Authorisations required: (i) to enable each Obligor the Borrower lawfully to enter into, exercise its rights and comply with its obligations under each Transaction Finance Document to which it is a party; (ii) to make each Transaction Finance Document to which it is a party admissible in evidence in its Relevant Jurisdictions; and (iii) to ensure that the Transaction Security has the priority and ranking contemplated by the Security Documents, have been obtained or effected and are in full force and effect except any Authorisation or filing referred to in clause 19.15 18.16 (No filing or stamp taxes), which Authorisation or filing will be promptly obtained or effected within any applicable period. (b) All Authorisations necessary for the conduct of the business, trade and ordinary activities of each Obligor the Borrower have been obtained or effected and are in full force and effect if failure to obtain or effect those Authorisations might is reasonably likely to have a Material Adverse Effect.