Common use of Validity Under the Laws of Each Relevant Jurisdiction Clause in Contracts

Validity Under the Laws of Each Relevant Jurisdiction. It is not necessary under the laws of any Relevant Jurisdiction or any political subdivision thereof or authority or agency therein (i) in order to enable an Assignee therein to enforce its rights under this Agreement or to enable any Lender to enforce its rights under any of the Loan Documents or (ii) as a result solely of any such Assignee, for such Assignee, to be licensed, qualified, or otherwise entitled to carry on business in such Relevant Jurisdiction or any political subdivision thereof or authority or agency therein; each of the Loan Documents are in proper legal form under the laws of each Relevant Jurisdiction and any political subdivision thereof or authority or agency therein for the enforcement thereof against the Borrowers or a Guarantor, as applicable and it is not necessary to ensure the legality, validity, enforceability or admissibility in evidence of any of the Loan Documents in any Relevant Jurisdiction or any political subdivision thereof or agency therein that any of them be filed or recorded with any court, authority or agency in, or that any stamp, registration or similar taxes or duties be paid to any court, authority or agency of such Relevant Jurisdiction or any political subdivision thereof.