Validity and admissibility in evidence Clause Samples
The 'Validity and admissibility in evidence' clause establishes that the agreement and its terms are legally valid and can be presented as evidence in legal proceedings. In practice, this clause ensures that electronic copies, scanned documents, or counterparts of the agreement are treated as authentic and admissible in court, just like original signed documents. Its core function is to prevent disputes over the legitimacy or evidentiary value of the contract, thereby ensuring that the parties can enforce their rights without procedural obstacles.
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Validity and admissibility in evidence. (a) All Authorisations required or desirable:
(i) to enable it lawfully to enter into, exercise its rights and comply with its obligations in the Finance Documents to which it is a party; and
(ii) to make the Finance Documents to which it is a party admissible in evidence in each Relevant Jurisdiction (save, where applicable, for the filing of necessary or appropriate registrations of the Transaction Security Documents with the appropriate registries in each Relevant Jurisdiction), have been obtained or effected and are in full force and effect.
(b) All Authorisations necessary for the conduct of its and its Subsidiaries’ trade and ordinary activities have been obtained or effected and are in full force and effect if failure to obtain or effect those Authorisations has or is reasonably likely to have a Material Adverse Effect.
Validity and admissibility in evidence. (a) Subject to the Legal Reservations and Perfection Requirements and except for the registration of the Security Documents and payment of stamp taxes referred to under Clause 17.9 (No Registration Requirements, Filing or Stamp Taxes), all Authorisations required:
(i) to enable each of the Shareholder and the Borrower to lawfully to enter into, exercise its rights and comply with its obligations in the Transaction Documents to which it is a party;
(ii) to enable the Senior Borrower to lawfully to enter into, exercise its rights and comply with its obligations in the Material Contracts and the Material Financing Agreements to which it is a party; and
(iii) to make the Transaction Documents to which each of the Shareholder and the Borrower is a party admissible in evidence in its Relevant Jurisdictions, have been obtained or effected (or will have been obtained or effected on or prior to the Utilisation Date) and are (or will on and after the Utilisation Date be) in full force and effect.
(b) All Authorisations necessary for the conduct of the business, trade and ordinary activities of the Borrower and the Senior Borrower have been obtained or effected and are in full force and effect except where failure to obtain or effect those Authorisations would not be reasonably be likely to have a Material Adverse Effect.
Validity and admissibility in evidence. All Authorizations required (i) for the due execution, delivery and performance by each Group Member of the Loan Documents to which it is a party or (ii) to make the Loan Documents to which any Group Member is a party admissible in evidence in its jurisdiction of incorporation have been obtained or effected and are in full force and effect.
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. All Authorisations required or desirable:
(a) to enable each Obligor lawfully to enter into, exercise its rights and comply with its obligations in the Finance Documents and the Transaction Documents to which it is a party;
(b) to make the Finance Documents and the Transaction Documents admissible in evidence in its jurisdiction of incorporation; and
(c) in connection with each Obligor’s business and ownership of assets, have been obtained or effected and are in full force and effect, and there are no circumstances which indicate that any of the same are likely to be revoked in whole or in part.
Validity and admissibility in evidence. All Authorisations required:
(a) to enable it lawfully to enter into, exercise its rights and comply with its obligations in the Finance Documents to which it is a party; and
(b) to make the Finance Documents to which it is a party admissible in evidence in its jurisdiction of incorporation, have been obtained or effected and are in full force and effect.
Validity and admissibility in evidence. (a) All Authorisations required:
(i) to enable it lawfully to enter into, exercise its rights and comply with its obligations in the Transaction Documents to which it is a party; and
(ii) to make the Transaction Documents to which it is a party admissible in evidence in its Relevant Jurisdictions, have been obtained or effected and are in full force and effect except any Authorisation referred to in clause 23.9 (No filing or stamp taxes).
(b) All Authorisations necessary for the conduct of the business, trade and ordinary activities of the members of the Group have been obtained or effected and are in full force and effect if failure to obtain or effect those Authorisations has or is reasonably likely to have a Material Adverse Effect.
Validity and admissibility in evidence. All Authorisations required:
(a) to enable it lawfully to enter into, exercise its rights and comply with its obligations in the Finance Documents to which it is a party; and
(b) to make the Finance Documents to which it is a party admissible in evidence in its jurisdiction of incorporation save as set out in any Reservations, have been obtained or effected and are in full force and effect.
Validity and admissibility in evidence. All Authorizations required or desirable:
(a) to enable it lawfully to enter into, exercise its rights and comply with its obligations in this Agreement; and
(b) to make this Agreement admissible in evidence in its jurisdiction of incorporation, have been obtained or effected and are in full force and effect.
Validity and admissibility in evidence. (a) All Authorisations required:
(i) to enable it lawfully to enter into, exercise its rights and comply with its obligations in the Finance Documents to which it is a party; and
(ii) to make the Finance Documents to which it is a party admissible in evidence in its jurisdictions of incorporation, have been obtained or effected and are in full force and effect.
(b) All Authorisations necessary for the conduct of the business, trade and ordinary activities of members of the Group have been obtained or effected and are in full force and effect other than those Authorisations the failure of which to obtain or effect has not and is not reasonably likely to have a Material Adverse Effect.