Common use of Maintain Authorisations Clause in Contracts

Maintain Authorisations. The Borrower and each Guarantor will obtain, renew, maintain and comply with all Authorisations and all consents, licences, approvals and authorisation of every local government authority required under any legislation (including, without limitation, the Resource Management Act 1991) necessary in connection with the business (if any) carried on by it, for the validity and enforceability of the Transaction Documents and the performance of its obligations hereunder and thereunder and the effectiveness of each Security as a security with the stated priority and it will promptly provide copies thereof to the Agent when these are obtained or renewed.