Common use of Execution of Bankers’ Acceptances Clause in Contracts

Execution of Bankers’ Acceptances. Drafts of the Borrower to be accepted as Bankers’ Acceptances hereunder shall be duly executed on behalf of the Borrower. Notwithstanding that any Person whose signature appears on any Bankers’ Acceptance as a signatory for the Borrower may no longer be an authorized signatory for the Borrower at the date of issuance of a Bankers’ Acceptance, such signature shall nevertheless be valid and sufficient for all purposes as if such authority had remained in force at the time of such issuance, and any such Bankers’ Acceptance so signed shall be binding on the Borrower.

Execution of Bankers’ Acceptances. Drafts Bills of exchange of the Borrower to be accepted as Bankers’ ' Acceptances hereunder shall be duly executed by one or more duly authorized officers on behalf of the Borrower. Notwithstanding that any Person person whose signature appears on any Bankers’ ' Acceptance as a signatory for the Borrower may no longer be an authorized signatory for the Borrower at the date of issuance of a Bankers’ ' Acceptance, such signature shall nevertheless be valid and sufficient for all purposes as if such authority had remained in force at the time of such issuance, issuance and any such Bankers’ ' Acceptance so signed shall be binding on the Borrower.

Execution of Bankers’ Acceptances. Drafts drafts of the Borrower to be accepted as Bankers’ ' Acceptances hereunder shall be signed by a duly executed on behalf authorized officer or duly authorized officers of the Borrower. Notwithstanding that any Person person whose signature appears on any Bankers’ ' Acceptance as a signatory for the Borrower one of such officers may no longer be an authorized signatory for the Borrower at the date of issuance of a Bankers’ ' Acceptance, such signature shall nevertheless be valid and sufficient for all purposes as if such authority had remained in force at the time of such issuance, issuance and any such Bankers’ ' Acceptance so signed shall be binding on the Borrower.;

Execution of Bankers’ Acceptances. Drafts of the Borrower to be --------------------------------- accepted as Bankers’ ' Acceptances hereunder shall be signed by a duly executed on behalf authorized officer or duly authorized officers of the Borrower. Notwithstanding that any Person person whose signature appears on any Bankers’ ' Acceptance as a signatory for the Borrower one of such officers may no longer be an authorized signatory for the Borrower at the date of issuance issue of a Bankers’ ' Acceptance, such signature shall nevertheless be valid and sufficient for all purposes as if such authority had remained in force at the time of such issuance, issue and any such Bankers’ ' Acceptance so signed shall be binding on the Borrower.

Execution of Bankers’ Acceptances. Drafts of the Parent Borrower to be accepted as Bankers’ ' Acceptances hereunder shall be duly executed on behalf of the Parent Borrower. Notwithstanding that any Person person whose signature appears on any Bankers’ ' Acceptance as a signatory for the Parent Borrower may no longer be an authorized signatory for the relevant Borrower at the date of issuance of a Bankers’ ' Acceptance, such signature shall nevertheless be valid and sufficient for all purposes as if such authority had remained in force at the time of such issuance, and any such Bankers’ ' Acceptance so signed shall be binding on the Parent Borrower.