Build the issuer capacity and authorisation record for a note or hybrid issue

Key facts

Human involvement
GreenLawyer review
How AI is used
Extract the borrowing, guarantee and execution powers and limits from the constituting documents, resolutions and approvals into the authority schedule, and list every authorisation still outstanding for the update or tranche.
What the lawyer must review
The lawyer decides what power and approvals the issue actually requires, reads each instrument in full rather than the extract, and resolves every gap before any opinion or officer's certificate is given.
Written for / version
US

Open a jurisdiction version of this task to see which instruments apply: US

Who does what

Who does what
RoleWhat they do
AssistanceExtract the borrowing, guarantee and execution powers and limits from the constituting documents, resolutions and approvals into the authority schedule, and list every authorisation still outstanding for the update or tranche.
LawyerThe lawyer decides what power and approvals the issue actually requires, reads each instrument in full rather than the extract, and resolves every gap before any opinion or officer's certificate is given.

Checklist

  1. Confirm the instructions, the jurisdiction and the complete relevant material before starting.
  2. The lawyer decides what power and approvals the issue actually requires, reads each instrument in full rather than the extract, and resolves every gap before any opinion or officer's certificate is given.
  3. Check the output against the source documents named in it before it is relied on.

Sources

These are suggested working checks. Confirm the required checking with the responsible lawyer before work starts; the checking approach does not establish permission to use AI.

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