This is a precedent director's certificate for use by the guarantor or third-party security provider in respect of a bilateral facility.

The parent of the borrower to a facility agreement may enter into a guarantee with the lender and/or provide a share charge to the lender to guarantee and/or secure the obligations of the borrower under the facility agreement. If such a guarantee or security is given the lender is likely to require that a director of the guarantor/security provider gives a director’s certificate (along the same lines as the director’s certificate given by a director of the borrower—see Precedent: Ireland—Director’s certificate for a bilateral loan: borrower

What is a director’s certificate?

Delivery of an original director's certificate from the borrower and any guarantor/third-party security provider is usually one of the conditions precedent in a facility agreement. Conditions precedent are the conditions that need to be fulfilled for funding to occur. They are included to provide the lender with a mechanism to ensure that, before funds are lent