Common use of Execution of Debentures Clause in Contracts

Execution of Debentures. All Debentures shall be manually signed by any one authorized director or officer of the Corporation holding office at the time of signing. Notwithstanding that any person whose signature appears on a Debenture as a director or officer may no longer hold such office at the date of the Debenture or at the date of the certification and delivery thereof, such Debenture shall be valid and binding upon the Corporation and entitled to the benefits of this Indenture.

Execution of Debentures. All Debentures shall be either signed manually signed or by facsimile signature by any one authorized director or officer of the Corporation holding office at the time of signing. Notwithstanding that any person whose signature appears on a Debenture as a director or officer may no longer hold such office at the date of the Debenture or at the date of the certification and delivery thereof, such Debenture shall be valid and binding upon the Corporation and entitled to the benefits of this Indenture.