Common use of DUE AUTHORISATION Clause in Contracts

DUE AUTHORISATION. Both the Purchaser and the Guarantor have the power, authority and capacity to execute and perform this Agreement and the transactions contemplated herein. All legally necessary corporate action has been taken and all legally necessary consents have been obtained by the Purchaser and the Guarantor with regard to the execution and performance of this Agreement and the transactions contemplated herein other than the clearances by the merger control authorities and the BaFin referred to in Clauses 7.1 and 7.2 and other approvals expressly referred to in this Agreement.

DUE AUTHORISATION. Both the Purchaser and the Purchaser Guarantor have the power, authority and capacity to execute and perform this Agreement and the transactions contemplated herein. All legally necessary corporate action has been taken and all legally necessary consents have been obtained by the Purchaser and the Purchaser Guarantor with regard to the execution and performance of this Agreement and the transactions contemplated herein other than the clearances approval or clearance by the merger control authorities and the BaFin referred to in Clauses 7.1 Clause 6.1.1 and 7.2 and other approvals expressly referred to in this Agreement.