Necessary Authorisations. The Necessary Authorisations required by each Security Party are in full force and effect, and each Security Party is in compliance with the material provisions of each such Necessary Authorisation relating to it and, to the best of its knowledge, none of the Necessary Authorisations relating to it are the subject of any pending or threatened proceedings or revocation.
Appears in 19 contracts
Sources: Secured Term Loan Facility Agreement (Teekay Tankers Ltd.), Secured Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay Offshore Partners L.P.)
Necessary Authorisations. The Necessary Authorisations required by each Security Party Party, are in full force and effect, and each Security Party is in compliance with the material provisions of each such Necessary Authorisation relating to it and, to the best of its knowledge, none of the Necessary Authorisations relating to it are the subject of any pending or threatened proceedings or revocation.
Appears in 3 contracts
Sources: Loan Agreement (Teekay LNG Partners L.P.), Secured Reducing Revolving Loan Facility Agreement (Teekay Shipping Corp), Loan Agreement (Teekay Offshore Partners L.P.)