Common use of No adverse consequences Clause in Contracts

No adverse consequences. Save as otherwise identified in any legal opinion delivered to the Agent under clause 4.1 (Initial conditions precedent): (a) it is not necessary under the laws of the Relevant Jurisdictions of any Obligor: (i) in order to enable any Finance Party to enforce its rights under any Finance Document to which it is, or is to be, a party; or (ii) by reason of the execution of any Finance Document or the performance by any Obligor of its obligations under any Finance Document to which it is, or is to be, a party, that any Finance Party should be licensed, qualified or otherwise entitled to carry on business in any of such Relevant Jurisdictions; and (b) no Finance Party is or will be deemed to be resident, domiciled or carrying on business in any Relevant Jurisdiction by reason only of the execution, performance and/or enforcement of any Finance Document.

Appears in 4 contracts

Sources: Facility Agreement (Navigator Holdings Ltd.), Facilities Agreement (Navigator Holdings Ltd.), Facility Agreement (Navigator Holdings Ltd.)

No adverse consequences. Save as otherwise identified in any legal opinion delivered to the Agent under clause 4.1 (Initial conditions precedent): (a) 18.24.1 it is not necessary under the laws of the Relevant Jurisdictions of any Obligor: (ia) in order to enable any Finance Party to enforce its rights under any Finance Document to which it is, or is to be, a party; or (iib) by reason of the execution of any Finance Document or the performance by any Obligor of its obligations under any Finance Document to which it is, or is to be, a party, that any Finance Party should be licensed, qualified or otherwise entitled to carry on business in any of such Relevant Jurisdictions; and (b) 18.24.2 no Finance Party is or will be deemed to be resident, domiciled or carrying on business in any Relevant Jurisdiction by reason only of the execution, performance and/or enforcement of any Finance Document.

Appears in 3 contracts

Sources: Supplemental Agreement (Navigator Holdings Ltd.), Facility Agreement (Navigator Holdings Ltd.), Facility Agreement (Navigator Holdings Ltd.)

No adverse consequences. Save as otherwise identified in any legal opinion delivered to the Agent under clause 4.1 (Initial conditions precedentConditions precedent to signing): (a) it is not necessary under the laws of the Relevant Jurisdictions of any Obligor: (i) in order to enable any Finance Party to enforce its rights under any Finance Document to which it is, or is to be, a party; or (ii) by reason of the execution of any Finance Document or the performance by any Obligor of its obligations under any Finance Document to which it is, or is to be, a party, that any Finance Party should be licensed, qualified or otherwise entitled to carry on business in any of such Relevant Jurisdictions; and (b) no Finance Party is or will be deemed to be resident, domiciled or carrying on business in any Relevant Jurisdiction by reason only of the execution, performance and/or enforcement of any Finance Document.

Appears in 1 contract

Sources: Facility Agreement (Navigator Holdings Ltd.)