Appropriate collaterals as well as their involved financing beliefs
Appropriate collaterals as well as their involved financing beliefs f. Notarized Surety Agreement executed by managing stockholders and each person or gang of people whoever stockholdings was enough to elect from the the very least one to (1) movie director obligating on their own as you and you may severally to the bank to expend timely towards maturity, otherwise when due, the fresh new Bangko Sentral, their successors otherwise assigns, all of the promissory notes since the emergency financing otherwise improve. (Government entities, its subdivisions, instrumentalities and you may providers, and you can the federal government is actually exempted using this demands) (Este Setting No. 8). grams. Notarized Deed from Bad Pledge conducted by handling stockholders and every person otherwise gang of individuals whose stockholdings is adequate to choose at least one (1) manager, together with their respective licenses regarding inventory. (Government entities, its subdivisions, instrumentalities and you may firms, and you can the federal government is exempted from this specifications.) (Este Setting Zero. 9).
