Common use of Licensing/Qualification Clause in Contracts

Licensing/Qualification. Under the law of the Guarantor's Country, neither the Lender nor Eximbank will, by reason of their entering into the Borrower Documents and performing their obligations and enforcing their rights thereunder: (i) be required to be qualified, licensed or otherwise entitled to do business in the Guarantor's Country, or be required to comply with any requirement as to foreign registration or qualification in the Guarantor's Country; (ii) be subject to taxation in the Guarantor's Country; or (iii) be required to make any filing with any court or other governmental authority in the Guarantor's Country prior to any enforcement of any of the Borrower Documents or performance of any of the transactions contemplated by the Borrower Document.