Pursuant to the provisions of item 7, clause 10 of the Charter, HD Faculty™ is permitted “to enter into any guarantee, bond, indemnity or counter-indemnity and otherwise give security or become responsible for the performance of any obligations or the discharge of any liabilities of or by any person, firm or company in any manner on any terms and for any purposes whatsoever, whether with or without HD Faculty™ receiving any consideration or advantage and whether or not in furtherance of the attainment of any other objects of HD Faculty™ and in particular (without prejudice to the generality of the foregoing) to guarantee, support or secure, by personal covenant or by  mortgaging or charging all or any part of the undertaking, real and personal property, assets and revenues (present and future) and uncalled capital of the  HD Faculty™, the  payment or repayment of any moneys owed in respect of, any debts, obligations or securities whatsoever  and the discharge of any liabilities whatsoever, including but not limited to those of any company, which is for the time being a subsidiary or holding company of HD Faculty™ or any other subsidiary of any such holding company or is otherwise associated with HD Faculty™ in business”