Common use of Authorization; Approvals Clause in Contracts

Authorization; Approvals. Proceedings legally required for the issuance and execution of the Policy and the execution, delivery and performance of this Insurance Agreement have been taken and licenses, orders, consents or other authorizations or approvals of any governmental boards or bodies legally required for the enforceability of the Policy and the conduct by the Insurer of the business and activities contemplated by the Transaction have been obtained; any proceedings not taken and any licenses, authorizations or approvals not obtained are not material to the enforceability of the Policy.

Appears in 5 contracts

Samples: Insurance and Indemnity Agreement (Marvel Enterprises Inc), Insurance Agreement (Capital One Auto Receivables LLC), Insurance and Indemnity Agreement (Equity One Abs Inc)

AutoNDA by SimpleDocs

Authorization; Approvals. Proceedings All proceedings legally required for the issuance and execution of the Policy Policies and the execution, delivery and performance of this Insurance Agreement have been taken and all licenses, orders, consents or other authorizations or approvals of the Insurer's Board of Directors or stockholders or any governmental boards or bodies legally required for the enforceability of the Policy and the conduct by the Insurer of the business and activities contemplated by the Transaction Policies have been obtained; any proceedings proceeding not taken and any licenseslicense, authorizations authorization or approvals not obtained are not material to the enforceability of the PolicyPolicies.

Appears in 5 contracts

Samples: Insurance and Indemnity Agreement (Ikon Receivables LLC), Insurance and Indemnity Agreement (Ikon Receivables Funding LLC), Insurance and Indemnity Agreement (Ikon Receivables LLC)

Authorization; Approvals. Proceedings All proceedings legally required for the issuance and execution of the Policy Policies and the execution, issuance, delivery and performance of the Policies and this Insurance Agreement have been taken and all licenses, orders, consents or other authorizations or approvals of the Note Insurer’s Board of Directors or stockholders or any governmental boards or bodies legally required for the enforceability of the Policy Policies and the conduct by the Insurer of the business and activities contemplated by the Transaction this Insurance Agreement have been obtained; any proceedings not taken and any licenses, authorizations obtained or approvals not obtained are not material to the enforceability of the PolicyPolicies and this Insurance Agreement.

Appears in 4 contracts

Samples: Insurance Agreement (Capital One Auto Receivables LLC), Insurance Agreement (Capital One Auto Receivables LLC), Insurance Agreement (Capital One Auto Finance Trust 2005-D)

Authorization; Approvals. Proceedings legally required for the issuance and execution of the Certificate Insurance Policy and the execution, delivery and performance of this Insurance Agreement have been taken and licenses, orders, consents or other authorizations or approvals of any governmental boards or bodies legally required for the enforceability of the Certificate Insurance Policy and the conduct by the Certificate Insurer of the business and activities contemplated by the Transaction have been obtained; any proceedings not taken and any licenses, authorizations or approvals not obtained are not material to the enforceability of the Certificate Insurance Policy.

Appears in 3 contracts

Samples: Insurance and Indemnity Agreement (Bayview Financial Mortgage Pass-Through Certificates, Series 2005-B), Insurance and Indemnity Agreement (Bayview Financial Mortage Pass-Through Trust 2005-D), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-Nc4)

Authorization; Approvals. Proceedings All proceedings legally required for the issuance and execution of the Policy and the execution, delivery and performance of this Insurance Agreement have been taken and all licenses, orders, consents or other authorizations or approvals of the Insurer's Board of Directors or stockholders or any governmental boards or bodies legally required for the enforceability of the Policy and the conduct by the Insurer of the business and activities contemplated by the Transaction have been obtained; any proceedings proceeding not taken and any licenseslicense, authorizations authorization or approvals not obtained are not material to the enforceability of the Policy.

Appears in 2 contracts

Samples: Insurance and Indemnity Agreement (Ikon Receivables Funding LLC), Insurance and Indemnity Agreement (Ikon Receivables LLC)

Authorization; Approvals. Proceedings All proceedings legally required for the issuance and execution of the Policy and the execution, delivery and performance of this Insurance Agreement have been taken and all licenses, orders, consents or other authorizations or approvals of the Insurer's Board of Directors or stockholders or any governmental boards or bodies legally required for the enforceability of the Policy and the conduct by the Insurer of the business and activities contemplated by the Transaction have been obtained; any proceedings not taken and any licenses, authorizations or approvals not obtained are not material to the enforceability of the Policy.

Appears in 2 contracts

Samples: Insurance and Indemnity Agreement (Origen Manufactured Housing Contract Trust Collateralized Notes, Series 2006-A), Insurance and Indemnity Agreement (Origen Residential Securities, Inc.)

Authorization; Approvals. Proceedings All proceedings legally required for the issuance and execution of the Policy Policies and the execution, delivery and performance of this Insurance Agreement have been taken and all licenses, orders, consents or other authorizations or approvals of the Insurer’s board of directors or stockholders or any governmental boards or bodies legally required for the enforceability of the Policy and the conduct by the Insurer of the business and activities contemplated by the Transaction Policies have been obtained; any proceedings not taken and any licenses, authorizations obtained or approvals not obtained are not material to the enforceability of the PolicyPolicies.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (Universal Compression Holdings Inc)

Authorization; Approvals. Proceedings All proceedings legally required for the issuance issuance, execution, delivery and execution performance of the Policy and the execution, delivery and performance of this Insurance Agreement and the other Operative Documents to which the Policy Provider is a party have been taken and licenses, orders, consents or other authorizations or approvals of any governmental boards or bodies Government Entities legally required for the enforceability of the Policy and the conduct by the Insurer of the business and activities contemplated by the Transaction have been obtained; any proceedings not taken and any licenses, authorizations or approvals not obtained are not material to the enforceability of the Policy.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (Continental Airlines Inc /De/)

Authorization; Approvals. Proceedings All proceedings legally required for the issuance and execution execution, delivery and performance of the Policy Policies and the execution, delivery and performance of this Insurance Agreement have been taken and all licenses, orders, consents or other authorizations or approvals of any governmental boards or bodies Government Entity legally required for the enforceability of the Policy and the conduct by the Insurer of the business and activities contemplated by the Transaction Policies have been obtained; any proceedings not taken and any licenses, authorizations or approvals not obtained are do not material to affect the enforceability of the PolicyPolicies.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (Continental Airlines Inc /De/)

Authorization; Approvals. Proceedings legally required for the issuance and execution of the Policy and the execution, delivery and performance of this Insurance Agreement have been taken and licenses, orders, consents or other authorizations or approvals of any governmental boards or bodies legally required for the enforceability of the Policy and the conduct by the Certificate Insurer of the business and activities contemplated by the Transaction have been obtained; any proceedings not taken and any licenses, authorizations or approvals not obtained are not material to the enforceability of the Policy.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (American Business Financial Services Inc /De/)

AutoNDA by SimpleDocs

Authorization; Approvals. Proceedings legally required for the issuance and execution of the Policy and the execution, delivery and performance of this Insurance Agreement have been taken and licenses, orders, consents or other authorizations or approvals of any governmental boards or bodies legally required for the enforceability of the Policy and the conduct by the Class IIA Certificate Insurer of the business and activities contemplated by the Transaction have been obtained; any proceedings not taken and any licenses, authorizations or approvals not obtained are not material to the enforceability of the Policy.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (AEGIS ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2004-5)

Authorization; Approvals. Proceedings legally required for the issuance and execution of the Policy and the execution, delivery and performance of this Insurance Agreement have been taken and licenses, orders, consents or other authorizations or approvals of any governmental boards or bodies legally required for the enforceability of the Policy and the conduct by the Note Insurer of the business and activities contemplated by the Transaction have been obtained; any proceedings not taken and any licenses, authorizations or approvals not obtained are not material to the enforceability of the Policy.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (Greenpoint Mortgage Funding Trust 2006-He1)

Authorization; Approvals. Proceedings legally required for the issuance and execution of the Policy and the execution, delivery and performance of this Insurance Agreement have been taken and all licenses, orders, consents or other authorizations or approvals of the Insurer’s Board of Directors or stockholders or any governmental boards or bodies legally required for the enforceability of the Policy and the conduct by the Insurer of the business and activities contemplated by the Transaction have been obtained; any proceedings not taken and any licenses, authorizations or approvals not obtained are not material to the enforceability of the Policy.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (Indymac MBS Inc)

Authorization; Approvals. Proceedings All proceedings legally required for the issuance and execution of the Policy Policies and the execution, delivery and performance of this Insurance Agreement have been taken and all licenses, orders, consents or other authorizations or approvals of the Insurer's board of directors or stockholders or any governmental boards or bodies legally required for the enforceability of the Policy and the conduct by the Insurer of the business and activities contemplated by the Transaction Policies have been obtained; any proceedings not taken and any licenses, authorizations obtained or approvals not obtained are not material to the enforceability of the PolicyPolicies.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (Universal Compression Inc)

Authorization; Approvals. Proceedings legally required for the issuance and execution of the Policy and the execution, delivery and performance of this Insurance Agreement have been taken and all licenses, orders, consents or other authorizations or approvals of the Note Insurer's Board of Directors or stockholders or any governmental boards or bodies legally required for the enforceability of the Policy and the conduct by the Insurer of the business and activities contemplated by the Transaction have been obtained; any proceedings not taken and any licenses, authorizations or approvals not obtained are not material to the enforceability of the Policy.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (Residential Asset Funding Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.