Common use of Legal Form Clause in Contracts

Legal Form. This Agreement and the other Loan Documents to which it is a party are in proper legal form under the laws of its jurisdiction of incorporation for the enforcement thereof against it under such law. All formalities required in its jurisdiction of incorporation for the validity and enforceability of each of the Loan Documents have been satisfied, and no Covered Taxes are required to be paid and no notarization is required, for the validity and enforceability thereof; provided, that in the event any legal proceedings are brought in the courts of Mexico, a Spanish translation of the documents required in such proceedings needs to be prepared by a court-approved translator and would have to be approved by such court after the defendant had been given an opportunity to be heard with respect to the accuracy of the translation, and proceedings would thereafter be based upon the translated documents.

Appears in 1 contract

Samples: Loan Agreement (Vitro Sa De Cv)

AutoNDA by SimpleDocs

Legal Form. This Agreement and the other Loan Documents to which it is a party are in proper legal form under the laws of its jurisdiction of incorporation for the enforcement thereof against it under such law. All formalities required in its jurisdiction of incorporation for the validity and enforceability of each of the Loan Documents have been satisfied, and no Covered Taxes Additional Amounts are required to be paid and no notarization is required, (other than required notarization of the Pledge Agreements), for the validity and enforceability thereof; provided, that in the event any legal proceedings are brought in the courts of Mexico, a Spanish translation of the documents required in such proceedings needs to be prepared by a court-approved translator and would have to be approved by such court after the defendant had been given an opportunity to be heard with respect to the accuracy of the translation, and proceedings would thereafter be based upon the translated documents.

Appears in 1 contract

Samples: Vitro Sa De Cv

Legal Form. This Agreement and the other Loan Documents to which it is a party and, in the case of VENA and Vitro Packaging, the Intercompany Notes are in proper legal form under the laws of its jurisdiction of incorporation Mexico for the enforcement thereof against it under such law. All formalities required in its jurisdiction of incorporation Mexico for the validity and enforceability of each of the Loan Documents and the Intercompany Notes have been satisfied, and no Covered Taxes are required to be paid and no notarization is required, for the validity and enforceability thereof; provided, that in the event any legal proceedings are brought in the courts of Mexico, a Spanish translation of the documents required in such proceedings needs to be prepared by a court-approved translator and would have to be approved by such court after the defendant had been given an opportunity to be heard with respect to the accuracy of the translation, and proceedings would thereafter be based upon the translated documents.

Appears in 1 contract

Samples: Loan Agreement (Vitro Sa De Cv)

AutoNDA by SimpleDocs

Legal Form. This Agreement and the other Loan Documents to which it is a party are in proper legal form under the laws law of its jurisdiction of incorporation Mexico for the enforcement thereof against it such Guarantor under such law, and if it were stated to be governed by such law, it would constitute a legal, valid and binding obligation of such Guarantor under such law, enforceable in accordance with its terms. All formalities required in its jurisdiction of incorporation Mexico for the validity and enforceability of each of the Loan Documents this Agreement have been satisfied, accomplished and no Covered Taxes are required to be paid and no notarization is required, required for the validity and enforceability thereof; hereof, provided, that in the event any legal proceedings are brought in to the courts of Mexico, a Spanish translation of the documents required in such proceedings needs to be prepared by a court-approved translator and would have to be approved by such court after the defendant had been given an opportunity to be heard with respect to the accuracy of the translation, and proceedings would thereafter be based upon the translated documents.

Appears in 1 contract

Samples: Credit Agreement (Copamex Industries Inc)

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