Common use of Directors' certification Clause in Contracts

Directors' certification. If any two Authorised Signatories of the Substituted Obligor certify that immediately prior to the assumption of its obligations as Substituted Obligor under this Trust Deed the Substituted Obligor is solvent after taking account of all prospective and contingent liabilities resulting from its becoming the Substituted Obligor, the Trustee need not have regard to the financial condition, profits or prospects of the Substituted Obligor or compare the same with those of the Issuer (or of any previous substitute under this Clause 6.3);‌

Appears in 1 contract

Sources: Trust Deed

Directors' certification. If any two Authorised Signatories directors of the Substituted Obligor certify that that, immediately prior to the assumption of its obligations as Substituted Obligor under this Trust Deed Deed, the Substituted Obligor is solvent after taking account of all prospective and contingent liabilities resulting from its becoming the Substituted Obligor, the Trustee need not have regard to the financial condition, profits or prospects of the Substituted Obligor or compare the same with those of the Issuer or the Guarantor (or of any previous substitute under this Clause 6.3);‌Clause).

Appears in 1 contract

Sources: Trust Deed

Directors' certification. If if any two Authorised Signatories directors of the Substituted Obligor certify that immediately prior to the assumption of its obligations as Substituted Obligor under this Trust Deed the Substituted Obligor is solvent after taking account of all prospective and contingent liabilities resulting from its becoming the Substituted Obligor, the Trustee need not have regard to the financial condition, profits or prospects of the Substituted Obligor or compare the same with those of the Issuer or, as the case may be, the relevant Guarantor (or of any previous substitute under this Clause 6.3);‌Clause);

Appears in 1 contract

Sources: Trust Deed (Intercontinental Hotels Group PLC /New/)

Directors' certification. If any two Authorised Signatories directors of the Substituted Obligor certify that immediately prior to the assumption of its obligations as Substituted Obligor under this Trust Deed the Substituted Obligor is solvent after taking account of all prospective and contingent liabilities resulting from its becoming the Substituted Obligor, the Trustee need not have regard to the financial condition, profits or prospects of the Substituted Obligor or compare the same with those of the Issuer or the Guarantor (or of any previous substitute under this Clause 6.3);‌Clause);

Appears in 1 contract

Sources: Trust Deed (Syngenta Ag)

Directors' certification. If any two Authorised Signatories directors of the Substituted Obligor certify that immediately prior to the assumption of its obligations as Substituted Obligor under this Trust Deed the Substituted Obligor is solvent after taking account of all prospective and contingent liabilities resulting from its becoming the Substituted Obligor, the Trustee need not have regard to the financial condition, profits or prospects of the Substituted Obligor or compare the same with those of the Issuer (or of any previous substitute under this Clause 6.3);‌Clause);

Appears in 1 contract

Sources: Trust Deed (BMB Munai Inc)