f. Notarized Surety Arrangement carried out by the handling stockholders and every people otherwise number of people whoever stockholdings is enough to choose during the least one to (1) movie director obligating on their own as you and you can severally to your financial to spend on time into maturity, or whenever due, the new Bangko Sentral, the successors otherwise assigns, all of the promissory cards covering the crisis mortgage or advance. (Government entities, their subdivisions, instrumentalities and you may companies, and you may government entities is actually exempted using this requirements) (El Mode No. 8).
g. Notarized Action off Bad Guarantee carried out of the dealing with stockholders and you can anyone or gang of people whoever stockholdings try adequate to elect a minumum of one (1) manager, together with their particular licenses out-of inventory. (The federal government, the subdivisions, instrumentalities and you will providers, and you will the federal government is exempted from this criteria.) (El Form Zero. 9). Continue reading “Acceptable collaterals and their corresponding financing philosophy”