Common use of Authorization and Approvals Clause in Contracts

Authorization and Approvals. No authorization or approval or other action by, and no notice to or filing with, any Governmental Authority is required for the due execution, delivery and performance by the Borrower of the Credit Documents to which it is a party or the consummation of the transactions contemplated thereby. At the time of each Borrowing and each issuance, extension or amendment of a Letter of Credit, no authorization or approval or other action by, and no notice to or filing with, any Governmental Authority will be required for such Borrowing, such issuance, extension or amendment of a Letter of Credit or the use of the proceeds thereof.

Appears in 7 contracts

Samples: Year Credit Agreement (NOV Inc.), Credit Agreement (National Oilwell Varco Inc), Assignment and Assumption (National Oilwell Varco Inc)

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Authorization and Approvals. No authorization or approval or other action by, and no notice to or filing with, any Governmental Authority is required for the due execution, delivery and performance by the Borrower or any Guarantor of the Credit Documents to which it is a party or the consummation of the transactions contemplated thereby. At the time of each Borrowing and each issuance, extension or amendment of a Letter of CreditBorrowing, no authorization or approval or other action by, and no notice to or filing with, any Governmental Authority will be required for such Borrowing, such issuance, extension or amendment of a Letter of Credit Borrowing or the use of the proceeds thereofof such Borrowing.

Appears in 6 contracts

Samples: Credit Agreement (Varco International Inc /De/), Credit Agreement (Arkansas Best Corp /De/), Security Agreement (Arkansas Best Corp /De/)

Authorization and Approvals. No authorization or approval or other action by, and no notice to or filing with, any Governmental Authority is required for the due execution, delivery and performance by the Borrower Company and each of the other Loan Parties of this Agreement, the Notes, the other Credit Documents to which it each is a party or the consummation of the transactions contemplated thereby. At the time of each Borrowing and each Advance or the issuance, extension or amendment increase of a each Letter of Credit, no authorization or approval or other action by, and no notice to or filing with, any Governmental Authority will be required for such Borrowing, such issuance, extension or amendment of a Letter of Credit Advance or the use of the proceeds thereofof such Advance or the issuance, extension or increase of such Letter of Credit.

Appears in 4 contracts

Samples: Credit Agreement (Global Industries LTD), Credit Agreement (Global Industries LTD), Credit Agreement (Global Industries LTD)

Authorization and Approvals. No authorization or approval or other action by, and no notice to or filing with, any Governmental Authority is required for the due execution, delivery and performance by the any Borrower or Guarantor of the Credit Documents to which it is a party or the consummation of the transactions contemplated thereby. At the time of each Borrowing and each or the issuance, renewal, extension or amendment increase of a each Letter of Credit, no authorization or approval or other action by, and no notice to or filing with, any Governmental Authority will be required therefor or for such Borrowing, such issuance, extension or amendment of a Letter of Credit or the use of the proceeds thereof.

Appears in 2 contracts

Samples: Credit Agreement (Arkansas Best Corp /De/), Credit Agreement (Arkansas Best Corp /De/)

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Authorization and Approvals. No authorization or approval or other action by, and no notice to or filing with, any Governmental Authority is required for the due execution, delivery and performance by the Borrower of the Credit Documents to which it is a party or the consummation of the transactions contemplated thereby. At the time of each Borrowing and each issuance, extension or amendment of a Letter of CreditBorrowing, no authorization or approval or other action by, and no notice to or filing with, any Governmental Authority will be required for such Borrowing, such issuance, extension or amendment of a Letter of Credit Borrowing or the use of the proceeds thereofof such Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (National Oilwell Varco Inc), 364 Day Credit Agreement (National Oilwell Varco Inc)

Authorization and Approvals. No authorization or approval or other action by, and no notice to or filing with, any Governmental Authority is required for the due execution, delivery and performance by the Borrower or any Guarantor of the Credit Documents to which it is a party or the consummation of the transactions contemplated thereby. At the time of each Borrowing and each or the issuance, renewal, extension or amendment increase of a each Letter of Credit, no authorization or approval or other action by, and no notice to or filing with, any Governmental Authority will be required therefor or for such Borrowing, such issuance, extension or amendment of a Letter of Credit or the use of the proceeds thereof.

Appears in 1 contract

Samples: Credit Agreement (Arkansas Best Corp /De/)

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