Common use of DUE AUTHORISATION Clause in Contracts

DUE AUTHORISATION. All acts, conditions and things required to be done, fulfilled and performed in order (a) to enable it lawfully to enter into, exercise its rights under and perform and comply with the obligations expressed to be assumed by it in each Transaction Document to which it is party or in any Receivables Assignment, (b) to ensure that the obligations expressed to be assumed by it in each Transaction Document to which it is party or in any Receivables Assignment are legal, valid and binding on it and (c) to make each Transaction Document to which it is party and each Receivables Assignment admissible in evidence in England have been done, fulfilled and performed or will be done, fulfilled or performed prior to the execution of such Transaction Document or Receivables Assignment (as the case may be) save for the payment of stamp duty in respect of any assignment of Receivables or any agreement to assign Receivables (or any memorandum of such an assignment or agreement) under any Requirement of Law (where payable).