Examples of Substitution Certificate in a sentence
Any such novation shall be effected upon not less than 5 Banking Days' prior notice by delivery to the Agent of a duly completed Substitution Certificate duly executed by the Existing Bank and the Substitute.
Terms defined in the Agreement shall have the same meaning in this Substitution Certificate.
The Agent shall promptly notify the other parties hereto of the receipt by it of any Substitution Certificate and shall promptly deliver a copy of such Substitution Certificate to the Borrower.
The Company and each of the Creditors irrevocably authorise the Facility Agent to countersign each Substitution Certificate on its behalf without any further consent of, or consultation with, the Company or such Creditor (as the case may be).
The Borrower and each of the Banks irrevocably authorise the Agent to countersign each Substitution Certificate on its behalf without any further consent of, or consultation with, the Borrower or such Bank (as the case may be).