Common use of Execution of Bankers’ Acceptances Clause in Contracts

Execution of Bankers’ Acceptances. Subject to Section 9.2(a), the signatures of any authorized signatory on Bankers' Acceptances may, at the option of the Borrower, be reproduced in facsimile and such Bankers' Acceptances bearing such facsimile signatures will be binding on the Borrower as if they had been manually signed by such authorized signatory. Notwithstanding that any person whose signature appears on any Bankers' Acceptance as a signatory may no longer be an authorized signatory of the Borrower at the date of issuance of a Bankers' Acceptance, and notwithstanding that the signature affixed may be a reproduction only, such signature will nevertheless be valid and sufficient for all purposes as if such authority had remained in force at the time of such issuance and as if such signature had been manually applied, and any such Bankers' Acceptance so signed will, subject to Section 9.2(c), be binding on and at the risk of the Borrower.

Appears in 6 contracts

Samples: Credit Agreement (Harvest Operations Corp.), Credit Agreement (Harvest Operations Corp.), Credit Agreement (Harvest Operations Corp.)

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Execution of Bankers’ Acceptances. Subject to Section 9.2(a10.2(a), the signatures of any authorized signatory on Bankers' Acceptances may, at the option of the Borrower, be reproduced in facsimile and such Bankers' Acceptances bearing such facsimile signatures will be binding on the Borrower as if they had been manually signed by such authorized signatory. Notwithstanding that any person whose signature appears on any Bankers' Acceptance as a signatory may no longer be an authorized signatory of the Borrower at the date of issuance of a Bankers' Acceptance, and notwithstanding that the signature affixed may be a reproduction only, such signature will nevertheless be valid and sufficient for all purposes as if such authority had remained in force at the time of such issuance and as if such signature had been manually applied, and any such Bankers' Acceptance so signed will, subject to Section 9.2(c10.2(c), be binding on and at the risk of the Borrower.

Appears in 3 contracts

Samples: Credit Agreement (Penn West Petroleum Ltd.), Credit Agreement (Penn West Energy Trust), Credit Agreement (Penn West Energy Trust)

Execution of Bankers’ Acceptances. Subject to Section 9.2(a), the The signatures of any authorized signatory on Bankersbankers' Acceptances acceptances may, at the option of the Borrower, be reproduced in facsimile and such Bankersbankers' Acceptances acceptances bearing such facsimile signatures will shall be binding on the Borrower as if they had been manually signed by such authorized signatory. Notwithstanding that any person whose signature appears on any Bankersbankers' Acceptance acceptance as a signatory may no longer be an authorized signatory of the Borrower at the date of issuance of a Bankersbankers' Acceptanceacceptance, and notwithstanding that the signature affixed may be a reproduction only, such signature will shall nevertheless be valid and sufficient for all purposes as if such authority had remained in force at the time of such issuance and as if such signature had been manually applied, and any such Bankersbankers' Acceptance acceptance so signed willshall, subject to Section 9.2(c)6.2 of this Schedule "A", be binding on and at the risk of the Borrower.

Appears in 2 contracts

Samples: Carbon Energy Corp, Evergreen Resources Inc

Execution of Bankers’ Acceptances. Subject to Section 9.2(a10.2(a), the signatures of any authorized signatory on Bankers' Acceptances may, at the option of the Borrower, be reproduced in facsimile and such Bankers' Acceptances bearing such facsimile signatures will be binding on the Borrower as if they had been manually signed by such authorized signatory. Notwithstanding that any person whose signature appears on any Bankers' Acceptance as a signatory may no longer be an authorized signatory of the Borrower at the date of issuance of a Bankers' Acceptance, and notwithstanding that the signature affixed may be a reproduction only, such signature will nevertheless be valid and sufficient for all purposes as if such authority had remained in force at the time of such issuance and as if such signature had been manually applied, and any such Bankers' Acceptance so signed will, subject to Section 9.2(c10.2(c), be binding on and at the risk of the Borrower.

Appears in 2 contracts

Samples: Credit Agreement (ENERPLUS Corp), Credit Agreement (Penn West Energy Trust)

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Execution of Bankers’ Acceptances. Subject to Section 9.2(a), the The signatures of any authorized signatory on Bankers' Acceptances bankers’ acceptances may, at the option of the Borrower, be reproduced in facsimile and such Bankers' Acceptances bankers’ acceptances bearing such facsimile signatures will shall be binding on the Borrower as if they had been manually signed by such authorized signatory. Notwithstanding that any person whose signature appears on any Bankers' Acceptance bankers’ acceptance as a signatory may no longer be an authorized signatory of the Borrower at the date of issuance of a Bankers' Acceptancebankers’ acceptance, and notwithstanding that the signature affixed may be a reproduction only, such signature will shall nevertheless be valid and sufficient for all purposes as if such authority had remained in force at the time of such issuance and as if such signature had been manually applied, and any such Bankers' Acceptance bankers’ acceptance so signed willshall, subject to Section 9.2(c)0 of this Schedule “A”, be binding on and at the risk of the Borrower.

Appears in 1 contract

Samples: Carbon Energy Corp

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