Common use of Certificate of Directors Clause in Contracts

Certificate of Directors. the Security Trustee may call for and shall be at liberty to accept a certificate signed by two directors of the Loan Note Issuer or other person duly authorised on its behalf as to any fact or matter prima facie within the knowledge of the Loan Note Issuer as sufficient evidence thereof and a like certificate to the effect that any particular dealing, transaction or step or thing is, in the opinion of the person so certifying, expedient as sufficient evidence of its expediency and the Security Trustee shall not be bound in any such case to call for further evidence or be responsible for any Liability that may be occasioned by its failing so to do.

Certificate of Directors. the The Security Trustee may call for and shall be at liberty to accept a certificate signed by two directors of the Loan Note Issuer or other person duly authorised on its behalf as to any fact or matter prima facie within the knowledge of the Loan Note Issuer as sufficient evidence thereof and a like certificate to the effect that any particular dealing, transaction or step or thing is, in the opinion of the person so certifying, expedient as sufficient evidence of its expediency and the Security Trustee shall not be bound in any such case to call for further evidence or be responsible for any Liability that may be occasioned by its failing so to do.