f. Notarized Surety Contract conducted by the managing stockholders and each person or number of people whose stockholdings are adequate to elect in the minimum one (1) movie director obligating themselves together and you may severally toward lender to spend punctually for the maturity, or whenever due, the latest Bangko Sentral, the successors otherwise assigns, all of the promissory notes within the emergency loan otherwise progress. (Government entities, their subdivisions, instrumentalities and you will agencies, and you can government entities was exempted from this specifications) (El Means No. 8).
g. Notarized Action out of Negative Hope conducted because of the dealing with stockholders and folks or selection of individuals whose stockholdings is sufficient to choose at least one (1) manager, with their respective permits from inventory. (Government entities, the subdivisions, instrumentalities and firms, and you can the federal government was exempted out of this criteria.) (Este Function Zero. 9). Continua a leggere Acceptable collaterals in addition to their involved mortgage philosophy
