Common use of No Recordation Necessary Clause in Contracts

No Recordation Necessary. This Agreement and each of the other Credit Documents are in proper form under Virginia law for the enforcement hereof or thereof against each Borrower under Virginia law, and to ensure the legality, validity, enforceability, priority or admissibility in evidence of this Agreement and the other Credit Documents, it is not necessary that this Agreement or any other Credit Document or any other document, except UCC financing statements, be filed, registered or recorded with, or executed or notarized before, any court or other authority in Virginia or that any registration charge or stamp or similar tax be paid on or in respect of this Agreement or any other Credit Document or any other document.

No Recordation Necessary. This Agreement and each of the ------------------------ other Credit Documents are in proper form under Virginia law for the enforcement hereof or thereof against each Borrower under Virginia law, and to ensure the legality, validity, enforceability, priority or admissibility in evidence of this Agreement and the other Credit Documents, it is not necessary that this Agreement or any other Credit Document or any other document, except UCC financing statements, be filed, registered or recorded with, or executed or notarized before, any court or other authority in Virginia or that any registration charge or stamp or similar tax be paid on or in respect of this Agreement or any other Credit Document or any other document.