No approval, consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with acceptance of Extensions of Credit by the Borrower or the making of the Loan Guaranty hereunder or with the execution, delivery or performance of any Loan Document by the Loan Parties (other than those which have been obtained) or with the validity or enforceability of any Loan Document against the Loan Parties (except such filings as are necessary in connection with the perfection of the Liens created by such Loan Documents).