Common use of Legal Prohibitions Clause in Contracts

Legal Prohibitions. In accordance with section XIX of article 106 of the Credit Institutions Law, and with the provisions issued by Banco de México, the Trustee represents that it has provided a clear and unequivocal explanation to the parties hereto, of the legal meaning and consequences of such article, which is hereby transcribed for all pertinent purposes: (i) Article 106. Credit institutions shall be prohibited from (.

Appears in 4 contracts

Samples: Irrevocable Trust Agreement, Irrevocable Trust Agreement, Irrevocable Trust Agreement

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