Common use of No adverse consequences Clause in Contracts

No adverse consequences. (a) It is not necessary under the laws of its jurisdiction of incorporation: (i) in order to enable a Finance Party to enforce its rights under any Finance Document; or (ii) by reason of the entry into of any Finance Document or the performance by it of its obligations under any Finance Document, that any Finance Party should be licensed, qualified or otherwise entitled to carry on business in its jurisdiction of incorporation. (b) No Finance Party will be deemed to be resident, domiciled or carrying on business in its jurisdiction of incorporation by reason only of the entry into, performance and/or enforcement of any Finance Document.

Appears in 8 contracts

Sources: Credit Facility Agreement (Ocean Rig UDW Inc.), Credit Facility Agreement (Ocean Rig UDW Inc.), Credit Facility Agreement (DryShips Inc.)

No adverse consequences. (a) It is not necessary under the laws of its jurisdiction of incorporation: (i) in order to enable a any Finance Party to enforce its rights under any Finance Document; or (ii) by reason of the entry into execution of any Finance Document or the performance by it of its obligations under any Finance Document, that any Finance Party should be licensed, qualified or otherwise entitled to carry on business in its jurisdiction of incorporation.Original Jurisdiction; and (b) No Finance Party will be deemed to be resident, domiciled or carrying on business in its jurisdiction of incorporation Relevant Jurisdiction by reason only of the entry intoexecution, performance and/or enforcement of any Finance Document.

Appears in 2 contracts

Sources: Facility Agreement (Global Ship Lease, Inc.), Credit Agreement (Global Ship Lease, Inc.)

No adverse consequences. (a) It is not necessary under the laws of its jurisdiction of incorporation: (i) in order to enable a Finance Party to enforce its rights under any Finance Document; or (ii) by reason of the entry into of any Finance Document or the performance by it of its obligations under any Finance Document, that any Finance Party should be licensed, qualified or otherwise entitled to carry on business onbusiness in its jurisdiction of incorporation. (b) No Finance Party will be deemed to be resident, domiciled or carrying on business in its jurisdiction of incorporation by reason only of the entry into, performance and/or enforcement of any Finance Document.

Appears in 1 contract

Sources: Credit Facility Agreement (DryShips Inc.)

No adverse consequences. (a) It is not necessary under the laws of its jurisdiction of incorporation: (i) in order to enable a any Finance Party to enforce its rights under any Finance Document; or (ii) by reason of the entry into of any Finance Document or the performance by it an Obligor of its obligations under any Finance Document, that any Finance Party should be licensed, qualified or otherwise entitled to carry on business in its jurisdiction of incorporation.; and (b) No no Finance Party is or will be deemed to be resident, domiciled or carrying on business in its jurisdiction of incorporation by reason only of the entry into, performance and/or enforcement of any Finance Document.

Appears in 1 contract

Sources: Credit Facilities Agreement

No adverse consequences. As at the date of this Agreement and the Closing Date: (a) It is not necessary under the laws of its jurisdiction of incorporation: (i) in order to enable a any Finance Party to enforce its rights under any Finance Document; or (ii) by reason of the entry into of any Finance Document or the performance by it of its obligations under any Finance Document, that any Finance Party should be licensed, qualified or otherwise entitled to carry on business in its jurisdiction of incorporation.; and (b) No no Finance Party is or will be deemed to be resident, domiciled or carrying on business in its jurisdiction of incorporation by reason only of the entry into, performance and/or enforcement of any Finance Document.

Appears in 1 contract

Sources: Credit Agreement (MGM Resorts International)

No adverse consequences. (a) It is not necessary under the laws of its jurisdiction of incorporation: (i) in order to enable a any Finance Party to enforce its rights under any Finance Document; or (ii) by reason of the entry into of any Finance Document or the performance by it of its obligations under any Finance Document, that any Finance Party should be licensed, qualified or otherwise entitled to carry on business in its jurisdiction of incorporation.; and (b) No no Finance Party is or will be deemed to be resident, domiciled or carrying on business in its jurisdiction of incorporation by reason only of the entry into, performance and/or enforcement of any Finance Document.

Appears in 1 contract

Sources: Credit Agreement (Merix Corp)

No adverse consequences. (a) It is not necessary under the laws of its jurisdiction of incorporation: (i) in order to enable a any Finance Party to enforce its rights under any Finance Document; or (ii) by reason of the entry into of any Finance Document or the performance by it of its obligations under any Finance Document, that any Finance Party should be licensed, qualified or otherwise entitled to carry on business in its jurisdiction of incorporationthat jurisdiction. (b) No Finance Party is or will be deemed to be resident, domiciled or carrying on business in its that jurisdiction of incorporation by reason only of the entry into, performance and/or enforcement of any Finance Document.

Appears in 1 contract

Sources: Facility Agreement (eHi Car Services LTD)

No adverse consequences. (a) It is not necessary under the laws of its jurisdiction of incorporation: (i) in order to enable a Finance Party to enforce its rights under any Finance Document; or (ii) by reason of the entry into of any Finance Document or the performance by it of its obligations under any Finance Document, that any such Finance Party should be licensed, qualified or otherwise entitled to carry on business in its jurisdiction of incorporation. (b) No Finance Party is or will be deemed to be resident, domiciled or carrying on business in its jurisdiction of incorporation by reason only of the entry into, performance and/or enforcement of any Finance Document.

Appears in 1 contract

Sources: Facilities Agreement (Mechel OAO)

No adverse consequences. (a) It is not necessary under the laws of its jurisdiction of incorporation: (i) in order to enable a Finance Party to enforce its rights under any Finance Document; or (ii) by reason of the entry into of any Finance Document or the performance by it of its obligations under any Finance Document, ,that any Finance Party should be licensed, qualified or otherwise entitled to carry on business in its jurisdiction of incorporation. (b) No Finance Party will be deemed to be resident, domiciled or carrying on business in its jurisdiction of incorporation by reason only of the entry into, performance and/or enforcement of any Finance Document.

Appears in 1 contract

Sources: Credit Facility Agreement (Ocean Rig UDW Inc.)