have received opinions of:
(1) counsel to the borrower, which counsel shall be satisfactory to the bank,
substantially in the form of exhibit c hereto and with respect to such other
matters as the bank may reasonably require;
(2) special [name of country] counsel to the bank, with respect to such matters
as the bank may require, including, without limitation, the enforceability in
accordance with their respective terms of this agreement, the note and the
guaranty; and
(3) such other opinions of counsel as the bank may require.
(h) the bank shall have received evidence of the authority of each person: (i)
who has signed this agreement on behalf of the borrower, (ii) who has signed the
guaranty on behalf of the guarantor, (iii) who will execute the note on behalf
of the borrower, (iv) who will sign the statements, reports, certificates and
other documents required or permitted by this agreement and who will otherwise
act as the representative of the borrower in connection with the operation of
this agreement.
(i) the bank shall have received the authenticated specimen signature of each
person named pursuant to the preceding paragraph (h).
(j) the bank shall have received any and all further information and documents,
including records of corporate proceedings, which the bank may reasonably
request in connection with the transaction contemplated by this agreement, such
documents, where appropriate, to be certified by proper corporate authorities.
article 7 covenants
so long as the borrower may borrow hereunder and until payment in full of the
note and performance of all other obligation of the borrower hereunder, and
except to the extent that the bank may otherwise agree in writing:
section 7. 1. financial statements
the borrower will furnish to the bank as soon as available but in no event more
than sixty (60) days after the close of each semester of each of the borrower's
fiscal years, an un-audited balance sheet of the borrower as of the end of such
period and a profit and loss statement of the borrower for such periods,
completely and correctly setting forth and fairly presenting the financial
condition of the borrower; section 7. 2. reports.
(a) the borrower will provide to the bank as soon as possible and in any event
within five days after the occurrence of each event of default, or each event
wh
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