Common use of Certificate of Directors Clause in Contracts

Certificate of Directors. The Note Trustee may call for and shall be at liberty to accept a certificate signed by two Directors of the Issuing Entity or other person duly authorised on its behalf as to any fact or matter prima facie within the knowledge of the Issuing Entity 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 that it is expedient and the Note 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 Note Trustee may call for and shall be at liberty to accept as sufficient evidence of any fact or matter or the expediency of any transaction or thing a certificate signed by two Directors of the Issuing Entity or other person duly authorised on its behalf as to any fact or matter prima facie within the knowledge of the Issuing Entity 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 that it is expedient Issuer and the Note 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 doit or any other person acting or refraining from acting on the basis of such certificate.