Maintenance of Legal Validity. The Borrower shall obtain, comply with the terms of and do all that is necessary to maintain in full force and effect all authorisations, approvals, licences and consents required in or by the laws and regulations of its jurisdiction of formation and all other applicable jurisdictions, to enable it lawfully to enter into and perform its obligations under the Security Documents and to ensure the legality, validity, enforceability or admissibility in evidence of the Security Documents in its jurisdiction of incorporation or organisation and all other applicable jurisdictions.
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Samples: Agreement (Teekay Shipping Corp), Loan Agreement (Teekay Shipping Corp), Loan Agreement (Teekay Offshore Partners L.P.)
Maintenance of Legal Validity. The Each of the Borrower and the Guarantors shall obtain, comply with the terms of and do all that is necessary to maintain in full force and effect all authorisations, approvals, licences and consents required in or by the laws and regulations of its jurisdiction of formation and all other applicable jurisdictions, incorporation to enable it lawfully to enter into and perform its obligations under the Security Finance Documents to which it is a party and to ensure the legality, validity, enforceability or admissibility in evidence of the Security Documents in its jurisdiction of incorporation or organisation and all other applicable jurisdictionsof such Finance Documents.
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