Common use of Contract Execution Policy Clause in Contracts

Contract Execution Policy. The purpose of this memorandum is to establish AFC's policy regarding the signing, witnessing, and notarising of AFC contracts, exhibits, and Amendments. US branches/ Calgary branch: All contracts, exhibits and amendments must be signed by the dealer in the presence of an AFC employee. Each branch must have at least one employee who is a notary, and have access to at least one other notary who is known by an AFC employee. (i.e. an auction employee) These notaries and no others will be used to notarize applicable exhibits and amendments, including all guaranties. Canadian branches/except Calgary: All Contracts, exhibits and amendments must be signed by the dealer in the presence of two witnesses, at least one of which must be an AFC employee. If an amendment or exhibit that requires the signature of two witnesses is not signed by both witnesses, it will be returned as incorrect. All branches: The Notary/Witnesses must be present at the time of signing. A notarized/witnessed copy of the contract must be given to all signors. Each branch will verify the identity of the parties and compare signatures on the contract with a signature on a signors picture identification in a form of either a driver's license or passport. Each branch will also be required to write down the photo ID number of the contract signers at the bottom of the dealer contract verification page.

Contract Execution Policy. The purpose of this memorandum is to establish AFC's ’s policy regarding the signing, witnessing, and notarising notarizing of AFC contracts, exhibits, and Amendments. US branches/ Calgary branchbranches/Alberta Dealers: All contracts, exhibits and amendments must be signed by the dealer in the presence of an AFC employee. Each branch must have at least one employee who is a notary, and have access to at least one other notary who is known by an AFC employee. (i.e. I.e. an auction employee) These notaries and no others will be used to notarize applicable exhibits and amendments, including all guaranties. Canadian branches/except CalgaryAlberta Dealers: All Contracts, exhibits and amendments must be signed by the dealer in the presence of two witnesses, at least one of which must be an AFC employee. If an amendment or exhibit that requires the signature of two witnesses is not signed by both witnesses, it will be returned as incorrect. All branches: The Notary/Witnesses must be present at the time of signing. A notarized/witnessed copy of the contract must be given to all signors. Each branch will verify the identity of the parties and compare signatures on the contract with a signature on a signors ▇▇▇▇▇▇’▇ picture identification in a form of either a driver's ’s license or passport. Each branch will also be required to write down the photo ID number of the contract signers at the bottom of the dealer contract verification application page.