Common use of Form and Execution Clause in Contracts

Form and Execution. The Series A-1 Governmental Note and the Series A-2 Governmental Note shall be in substantially the form attached as Exhibit A-1 hereto, and the Series B-1 Governmental Note and the Series B-2 Governmental Note shall be in substantially the format attached as Exhibit A-2 hereto. The Series A-1 Governmental Note and the Series B-1 Governmental Note shall be issued in favor of U.S. Bank, and the Series B-1 Governmental Note and the Series B-2 Governmental Note shall be issued in favor of BMO ▇▇▇▇▇▇ Bank. The Governmental Notes shall be executed on behalf of the Governmental Lender by the manual or facsimile signatures of the Mayor and City Manager of the Governmental Lender. Any facsimile signatures shall have the same force and effect as if said officers had manually signed the Governmental Notes. In case said officers of the Governmental Lender whose manual or facsimile signatures shall appear on any of the Governmental Notes shall cease to be said officer of the Governmental Lender before the delivery of the Governmental Notes, such manual or facsimile signature shall nevertheless be valid and sufficient for all purposes, the same as if said officer of the Governmental Lender had remained in office until delivery. The Governmental Notes may be signed on behalf of the Governmental Lender by said officers as are at the time of execution of the Governmental Notes proper officers of the Governmental Lender, even though at the date of the Governmental Notes, said officers were not such officers. Any reproduction of the official seal of the Governmental Lender on the Governmental Notes shall have the same force and effect as if the official seal of the Governmental Lender had been impressed on the Governmental Notes.

Appears in 2 contracts

Sources: Funding Loan Agreement, Funding Loan Agreement