Common use of Satisfactory Documentation Clause in Contracts

Satisfactory Documentation. 32.5.1 Second Party shall furnish to First Party: a) on or prior to the Effective Date, a list of those individuals authorized to represent Second Party in its dealings with First Party; b) on or prior to the Effective Date, a certificate of the secretary or other similar officer of Second Party certifying as to the authority and incumbency of each person named in paragraph (a) above and the person(s) executing this Petroleum Agreement on behalf of Second Party, and concurrent with the delivery of the Corporate Guarantee a certificate of the secretary or other similar officer of Second Party certifying as to the authority and incumbency of the person(s) executing the Corporate Guarantee set forth in said Exhibit "02"; c) on or prior to the Effective Date, copies of the charter and bylaws of Second Party and the Operator, certified by the respective secretary or other similar officer thereof; d) on or prior to the Effective Date, the most recent balance sheet and income statement of Second Party certified by independent public accountants satisfactory to First Party; and e) on or prior to the Effective Date, such other documentation, including, without limitation, a special or general power of attorney empowering the person(s) executing this Petroleum Agreement on behalf of Second Party as may reasonably be requested by First Party. 32.5.2 Second Party shall at all times keep current the information required to be given to First Party under this Article 32.5. Second Party shall provide First Party with subsequent balance sheet(s) and income statement(s) of Second Party (certified as above provided} and shall furnish to First Party such other information and documentation concerning the financial and corporate status of Second Party as may from time to time reasonably be requested by First Party. 32.5.3 In the event the guarantor under Exhibits "D1" and "D2" hereto shall be adjudged bankrupt or insolvent, Second Party shall obtain within sixty (60) days another guarantee from another reputable guarantor to fulfill Second Party's obligations under Exhibits "D1" and "D2".

Satisfactory Documentation. 32.5.1 27.4.1 On or prior to the Signature Date, each company comprising the Second Party shall furnish to First Party: (a) on or prior to the Effective Date, a list of those individuals authorized to represent each company comprising Second Party in its dealings with First Party; (b) on or prior to the Effective Date, a certificate of the secretary Secretary or other similar officer of each company comprising Second Party certifying as to the authority and incumbency of each person named in paragraph clause (a) above and the person(s) executing this Petroleum Agreement on behalf of such company comprising Second Party, and concurrent with the delivery of the Corporate Guarantee a certificate of the secretary Secretary or other similar officer of Second Party the Guarantor under Exhibit "D" hereto certifying as to the authority and incumbency of the person(s) executing the Corporate Guarantee set forth in said Exhibit "02D"; (c) on or prior to the Effective Date, copies of the charter and bylaws of Second Party and the Operator, certified by the respective secretary or other similar officer thereof; d) on or prior to the Effective Date, the most recent balance sheet and income statement of Second Party certified by independent public accountants satisfactory to First Party; and e) on or prior to the Effective Date, such other documentation, including, without limitation, a special or general power of attorney empowering the person(s) executing this Petroleum Agreement on behalf of each company comprising Second Party and the person(s) executing the Guarantee set forth in Exhibit "D" hereto on behalf of the Guarantor therein to act in such capacity, as may reasonably be requested by First Party; (d) updated copies of the Charter and By-laws of each company comprising Second Party and of its Guarantor under Exhibit "D" hereto, certified by the respective Secretary or other similar officer thereof; (e) an updated balance sheet and income statement of each company comprising Second Party which participated in the winning bid on behalf of Second Party as the case may be and of its Guarantor under Exhibit "D" hereto, certified by independent public accountants satisfactory to First Party. 32.5.2 27.4.2 Each company comprising Second Party shall at all times keep current the information required to be given to First Party under this Article 32.5. Second Party 27.4.1 above, shall provide First Party with each subsequent balance sheet(s) sheet and income statement(s) statement of each company comprising Second Party and of its Guarantor under Exhibit "D" hereto (certified as above provided} ), and shall furnish to First Party such other information and documentation concerning the financial and corporate status of each company comprising Second Party and said Guarantor as may from time to time reasonably be requested by First Party. 32.5.3 In the event the guarantor under Exhibits "D1" and "D2" hereto shall be adjudged bankrupt or insolvent, Second Party shall obtain within sixty (60) days another guarantee from another reputable guarantor to fulfill Second Party's obligations under Exhibits "D1" and "D2".