Common use of Execution of Debt Securities Clause in Contracts

Execution of Debt Securities. All Debt Securities shall be signed (either manually or by facsimile signature) by any two authorized directors or officers of Baytex, holding office at the time of signing. A facsimile signature upon a Debt Security shall for all purposes of this Indenture be deemed to be the signature of the Person whose signature it purports to be. Notwithstanding that any Person whose signature, either manual or in facsimile, appears on a Debt Security as a director or officer may no longer hold such office at the date of the Debt Security or at the date of the certification and delivery thereof, such Debt Security shall be valid and binding upon Baytex and entitled to the benefits of this Indenture.

Execution of Debt Securities. All Debt Securities shall be signed (either manually or by facsimile signature) by any two authorized directors or officers of Baytex, on behalf of the Trust, holding office at the time of signing. A facsimile signature upon a Debt Security shall for all purposes of this Indenture be deemed to be the signature of the Person whose signature it purports to be. Notwithstanding that any Person whose signature, either manual or in facsimile, appears on a Debt Security as a director or officer may no longer hold such office at the date of the Debt Security or at the date of the certification and delivery thereof, such Debt Security shall be valid and binding upon Baytex the Trust and entitled to the benefits of this Indenture.