Common use of Section 3 Representations Clause in Contracts

Section 3 Representations. In Section 3: (a) (Repetition): After “Section 3(f)” in line 2, insert “, 3(g), 3(h), 3(i), 3(j), 3(k) and 3(l)”. (b) (Consents): Section 3(a)(v) is amended by adding immediately after the words “creditors’ rights generally” the following: “(including in the case of a Party being an ADI (as that term is defined in the Banking ▇▇▇ ▇▇▇▇ (Cth)), section 86 of the Reserve Bank Act, 1959 (Cth) and Section 13A(3) of the Banking Act, 1959 (Cth) or any other analogous provision under any law applicable to a party).”. (c) (Extra Representations): Insert the following new paragraphs (g), (h), (i), (j), (k) and (l) immediately after Section 3(f):