Common use of Security Parties Clause in Contracts

Security Parties. (a) Constitutional documents Copies of the constitutional documents of each Security Party together with such other evidence as the Lender may reasonably require that each Security Party is duly incorporated in its country of incorporation and remains in existence with power to enter into, and perform its obligations under, this Amendment and Restatement Agreement and any document to be executed by that Security Party pursuant to this Amendment and Restatement Agreement. (b) Certificates of good standing A certificate of good standing in respect of each Security Party (if such a certificate can be obtained). (c) Board resolutions A copy of a resolution of the board of directors, or equivalent body, of each Security Party: (i) approving the terms of, and the transactions contemplated by, this Amendment and Restatement Agreement and any document to be executed by that Security Party pursuant to this Amendment and Restatement Agreement and resolving that it execute this Amendment and Restatement Agreement and any such document; and (ii) authorising a specified person or persons to execute this Amendment and Restatement Agreement and any such document (including all documents and notices to be signed and/or dispatched under any such document) on its behalf. (d) Copy passports A copy of the passport of each person authorised by the resolutions referred to in (c). (e) Shareholder resolutions If required under the constitutional documents of a Security Party or under applicable law, a copy of a resolution signed by all the holders of the issued shares in that Security Party, approving the terms of, and the transactions contemplated by, this Amendment and Restatement Agreement and any document to be executed by that Security Party pursuant to this Amendment and Restatement Agreement.