Virgin Islands Restated Certificate of Incorporation
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How to fill out Restated Certificate Of Incorporation?
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FAQ
There may be a number of these over time and, in more complex and long-running transactions, it is common at some point for the original facility agreement with its changes to be ?amended and restated? ? in other words, consolidated and contained in a single document. That is as much for ease of reading as anything.
Requirements for Incorporation in the U.S. Virgin Islands. Corporations in the U.S. Virgin Islands are formed by three incorporators who are responsible for electing the company's directors. There is a minimum requirement of one director for every shareholder of the corporation if there are three or fewer shareholders.
What is Amended and Restated? ?Amended? means that the document has ?changed?? that someone has revised the document. ?Restated? means ?presented in its entirety?, ? as a single, complete document. ingly, ?amended and restated? means a complete document into which one or more changes have been incorporated.
Thus, an amended and restated document includes all past amendments executed up to the date of the amended and restated agreement. The purpose of the amended and restated agreement is to simplify reading of the document, as one does not need to read the original document side-by-side with all subsequent amendments.
This Agreement is intended to and does completely amend and restate, without novation, the Original Agreement. All credit extensions or loans outstanding under the Original Agreement are and shall continue to be outstanding under this Agreement.
An Amended and Restated Certificate of Incorporation is a legal document filed with the Secretary of State that restates, integrates, and adjusts the startup's initial Articles of Incorporation (i.e. the company's Charter).