Common use of Authorization; Approvals Clause in Contracts

Authorization; Approvals. All proceedings legally required for the execution, issuance (with respect to the Note Policy only) delivery and performance of the Note Policy 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 Note Policy and this Insurance Agreement have been obtained or are not material to the enforceability of the Note Policy and this Insurance Agreement.

Authorization; Approvals. All proceedings legally required for the execution, issuance (with respect to the Note Policy only) delivery and performance of the Note Policy and the execution, delivery and performance of this Insurance Agreement and all other Transaction Documents to which it is a party 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 Note Policy and this Insurance Agreement have been obtained or are not material to the enforceability of the Note Policy and this Insurance AgreementPolicy.

Authorization; Approvals. All proceedings Proceedings legally required for the execution, issuance (with respect to the Note Policy only) delivery and performance of the Note 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 Note Policy and this Insurance Agreement have been obtained; any proceedings not taken and any licenses, authorizations or approvals not obtained or are not material to the enforceability of the Note Policy and this Insurance AgreementPolicy.