Maintain Authorisations Clause Samples
The "Maintain Authorisations" clause requires a party to ensure that all necessary licenses, permits, or approvals needed to perform its obligations under the agreement are obtained and kept valid throughout the contract term. In practice, this means the party must proactively apply for, renew, and comply with the conditions of any regulatory authorisations relevant to the goods or services provided. This clause serves to prevent legal or regulatory interruptions by ensuring that all required permissions are in place, thereby reducing the risk of non-compliance and potential contract breaches.
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Maintain Authorisations. It will use all reasonable efforts to maintain in full force and effect all consents of any governmental or other authority that are required to be obtained by it with respect to this Agreement or any Credit Support Document to which it is a party and will use all reasonable efforts to obtain any that may become necessary in the future.
Maintain Authorisations. The Borrower and each Guarantor will obtain, renew, maintain and comply with all Authorisations and all consents, licences, approvals and authorisation of every local government authority required under any legislation (including, without limitation, the Resource Management Act 1991) necessary in connection with the business (if any) carried on by it, for the validity and enforceability of the Transaction Documents and the performance of its obligations hereunder and thereunder and the effectiveness of each Security as a security with the stated priority and it will promptly provide copies thereof to the Agent when these are obtained or renewed.
Maintain Authorisations. It will use all reasonable efforts to maintain in full force and effect all consents of any governmental or other authority that arc required to be obtained by it with respect to this Agreement or any Credit Support Document to which it is a party and will use all reasonable efforts to obtain any that may become necessary in the future.
Maintain Authorisations. Section 4(b) of this Agreement is hereby amended by deleting the words "use all reasonable efforts to" from the first and third lines thereof.
Maintain Authorisations. The Borrower and each Guarantor must obtain, renew prior to expiry and maintain in full force and effect all Authorisations, approvals and consents necessary for:
(1) the carrying on of its business and operations generally;
(2) the entry into, and performance of its obligations under, the Transaction Documents.