Template:Isda 4(b) summ

The counterpart to the “{{{{{1}}}|Consents}}” representation of Section {{{{{1}}}|3(a)(iv)}}, only about the future, neatly illustrating the difference between a representation, being a declaration of fact about the state of the world in the present or past, and a covenant, being a solemn promise to do something about it in the future. Neither the past or the future is, as regards governmental consents is, tremendously controversial, so we do not propose to say anything more about it.