Proper Legal Form. Each Loan Document to which a Borrower that is not domiciled in the United States is a party is in proper legal form under the law of the jurisdiction in which such Borrower is organized, formed or incorporated for the enforcement thereof against such Borrower under the law of such jurisdiction. To ensure the legality, validity, enforceability or admissibility in evidence of each such Loan Document in such jurisdiction, it is not necessary that any such Loan Document or any other document be filed or recorded with any court or other authority of such jurisdiction or that any stamp or similar tax be paid on or in respect of any such Loan Documents.
Proper Legal Form. Each of the Loan Documents is (or if not yet executed, when executed and delivered, will be) in proper legal form under any Requirements of Law for the enforcement thereof against the Company in accordance with their respective terms under such Requirements of Law. To ensure the legality, validity, enforceability or admissibility into evidence of the Loan Documents, it is not necessary that any of such Loan Documents or any other document be filed or recorded with any applicable Governmental Authority or that any stamp or similar tax be paid on or in respect of any Loan Document. Any judgment against the Company of a state or United States federal court in the State of New York, United States arising from, related to or in connection with any Loan Document is capable of being enforced in the courts of Mexico; provided that in the event any legal Proceedings are brought in the courts of Mexico, a Spanish translation of the documents, including this Agreement, prepared by a court-approved translator would be required in such Proceedings. It is not necessary in order for the Lender to enforce any rights or remedies under the Loan Documents, or solely by reason of the execution, delivery and performance by the Company of the Loan Documents, that the Lender be licensed or qualified with any Mexican Governmental Authority or be entitled to carry on business in Mexico.
Proper Legal Form. This Agreement is, and when executed and delivered each Note will be, in proper legal form under the laws of Mexico for the enforcement thereof against the Company under the laws of Mexico; provided that in the event any legal proceedings are brought in the courts of Mexico, a Spanish translation of the documents prepared by a court-approved translator would be required in such proceedings, including this Agreement, shall be required.
Proper Legal Form. Upon execution and delivery, this Agreement will be in proper legal form under the laws of England and Wales for the enforcement hereof against the Company, except to the extent enforcement may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and general equity principles and, with respect to any indemnification or contribution provision, limited by the federal and state securities laws, and to ensure the legality, validity, enforceability, priority or admissibility in evidence of this Agreement it is not necessary that this Agreement or any other document related hereto be filed, registered or recorded with or executed or notarized before, any governmental or regulatory authority or agency of England and Wales.
Proper Legal Form. Borrower shall, and shall cause each Portfolio Entity to, take all such further action within its control required to ensure that each of the Operative Documents is in proper legal form under the laws of the respective governing laws selected in such Operative Document for the enforcement thereof in such jurisdictions without any further action on the part of Lender.
Proper Legal Form. The Loan Documents are in proper legal form under the laws of each Specified Jurisdiction to be valid, legal, effective, enforceable or admissible into evidence in the courts of each Specified Jurisdiction, except for any other procedural steps that have been taken or that can be taken at any time without significant expense or delay and without prejudice to any rights or remedies the Secured Parties may have under the Loan Documents.
Proper Legal Form. This Agreement and each other Loan Document to which it is a party are in proper legal form under the laws of Mexico for the enforcement thereof in accordance with their terms against it (including enforcement of the choice of law provisions), and, to ensure the legality, validity, enforceability and admissibility in evidence of each Loan Document in Mexico, it is not necessary that any Loan Document or any other document be filed or recorded with any court or other authority in Mexico or that any stamp or similar tax be paid on or in respect of any Loan Document, except for those Agreement Approvals which are not currently necessary as indicated in Schedule 5.01(e) and which it in good faith expects will be obtained in the ordinary course as and when required; provided, however, that a Spanish translation by a Mexican court-approved translator will be required for the recordation in Mexico of any such document not written in Spanish.
Proper Legal Form. The contract must be in the proper legal form as stated by the state’s statute of frauds. In most states real estate contracts must be in writing to be enforceable. Legal Act Contract must be for a legal purpose. Courts will not enforce an agreement or contract where the parties have agreed to do something illegal. The contract is void and as far as the courts are concerned the contract never existed. Legal Consideration A promise made by one party to induce another party to enter into a contact. A gift is good consideration while money or the promise to pay money is valuable consideration. In a sales contract the buyer offering a purchase price and signing a buy/sell agreement is consideration. Xxxxxxx money is not necessary to create a binding sales contract.
Proper Legal Form. The Borrower shall take all action within its control required or, in the reasonable opinion of each Financing Party, advisable to ensure that each Financing Document (i) is in proper legal form under Applicable Laws of Singapore and (if different) of the jurisdiction by which it is governed, and (ii) is capable of enforcement in Singapore and such other jurisdiction (if applicable) without further action on the part of any Financing Party.
Proper Legal Form. The Borrower shall take all action to ensure that each of the Transaction Documents is in proper legal form under the respective governing laws selected in such Transaction Document, without any further action required with respect to such legal form for the enforcement of such Transaction Documents.
