have been obtained or effected and are in full and effect [except any Authorisation referred to in paragraph of Clause () [and [ ]], which Authorisation[s] will be promptly obtained or effected after [the date of this Agreement]/[the first Utilisation Date]. All Authorisations necessary for the conduct of the business, and ordinary activities of the Obligors have been obtained or effected and are in full force and effect [if failure to obtain or effect those Authorisations has or is reasonably likely to have a Material Adverse Effect]. Governing law and enforcement Subject to the Legal Reservations, the choice of the governing law of the Finance Documents will be recognised and enforced in its Relevant Jurisdictions. Subject to the Reservations, any judgment obtained in relation to a Finance Document in the jurisdiction of the governing law of that Finance Document will be recognised and enforced in its Relevant Jurisdictions. Deduction of Tax It is not required to make any Tax Deduction (as defined in Clause ()) from any payment it may make under any Finance Document to a Lender which is: a Qualifying Lender: falling within paragraph of the definition of "Qualifying Lender"; [or [except where a Direction has been given under section 931 of the ITA in relation to the payment concerned, falling within paragraph of the definition of "Qualifying Lender"]; or falling within paragraph of the definition of Qualifying Lender; or] a Treaty Lender and the payment is one specified in a direction given by the Commissioners of Revenue & Customs under Regulation 2 of the Double Taxation Relief (Taxes on Income) (General) Regulations 1970 (SI 1970/488). No Rental Income payable to any Obligor is subject to a requirement to make a deduction or withholding for or on account of Tax from that Rental Income. No filing or taxes Under the laws of its Relevant Jurisdiction it is not necessary that the Finance Documents be registered, filed, recorded, notarised or enrolled with any court or other authority in that jurisdiction or that any stamp, registration, notarial or similar Taxes or fees be paid on or in relation to the Finance Documents or the transactions contemplated by the Finance Documents [except:
have been obtained or effected and are in full and effect [except any Authorisation referred to in paragraph of Clause () [and [ ]], which Authorisation[s] will be promptly obtained or effected after [the date of this Agreement]/[the first Utilisation Date]. All Authorisations necessary for the conduct of the business, and ordinary activities of the Obligors have been obtained or effected and are in full force and effect [if failure to obtain or effect those Authorisations has or is reasonably likely to have a Material Adverse Effect]. Governing law and enforcement Subject to the Legal Reservations, the choice of the governing law of the Finance Documents will be recognised and enforced in its Relevant Jurisdictions. Subject to the Reservations, any judgment obtained in relation to a Finance Document in the jurisdiction of the governing law of that Finance Document will be recognised and enforced in its Relevant Jurisdictions. Deduction of Tax It is not required to make any Tax Deduction (as defined in Clause ()) from any payment it may make under any Finance Document to a Lender which is: a Qualifying Lender: falling within paragraph of the definition of "Qualifying Lender"; [or [except where a Direction has been given under section 931 of the ITA in relation to the payment concerned, falling within paragraph of the definition of "Qualifying Lender"]; or falling within paragraph of the definition of Qualifying Lender; or] a Treaty Lender and the payment is one specified in a direction given by the Commissioners of Revenue & Customs under Regulation 2 of the Double Taxation Relief (Taxes on Income) (General) Regulations 1970 (SI 1970/488). No Rental Income payable to any Obligor is subject to a requirement to make a deduction or withholding for or on account of Tax from that Rental Income. No filing or taxes Under the laws of its Relevant Jurisdiction it is not necessary that the Finance Documents be registered, filed, recorded, notarised or enrolled with any court or other authority in that jurisdiction or that any stamp, registration, notarial or similar Taxes or fees be paid on or in relation to the Finance Documents or the transactions contemplated by the Finance Documents [except:
Single_Currency_Term_Facility_Agreement_for_REF_Single_Property_Development_Transactions_18.11.16.docx