Common use of Additional corporate action Clause in Contracts

Additional corporate action. At the same time as the Owner delivers to the Mortgagee any document executed under Clause 9.1(a), the Owner shall also deliver to the Mortgagee a certificate signed by 2 of the Owner’s officers which shall: (a) set out the text of a resolution of the Owner’s directors specifically authorising the execution of the document specified by the Mortgagee; and (b) state that either the resolution was duly passed at a meeting of the directors validly convened and held throughout which a quorum of directors entitled to vote on the resolution was present or that the resolution has been signed by all the directors and is valid under the Owner’s articles of incorporation or other constitutional documents.

Additional corporate action. At the same time as the Owner delivers to the Mortgagee Lender any document executed under Clause 9.1(a10.1(a), the Owner shall also deliver to the Mortgagee Lender a certificate signed by 2 of the Owner’s officers directors which shall: (a) set out the text of a resolution of the Owner’s directors specifically authorising the execution of the document specified by the MortgageeLender; and (b) state that either the resolution was duly passed at a meeting of the directors validly convened and held throughout which a quorum of directors entitled to vote on the resolution was present or that the resolution has been signed by all the directors and is valid under the Owner’s articles of incorporation association or other constitutional documents.

Additional corporate action. At the same time as the Owner delivers to the Mortgagee Issuer any document executed under Clause 9.1(a), the Owner shall also deliver to the Mortgagee Issuer a certificate signed by 2 of the Owner’s officers directors which shall: (a) set out the text of a resolution of the Owner’s directors specifically authorising the execution of the document specified by the MortgageeIssuer; and (b) state that either the resolution was duly passed at a meeting of the directors validly convened and held throughout which a quorum of directors entitled to vote on the resolution was present or that the resolution has been signed by all the directors and is valid under the Owner’s articles of incorporation association or other constitutional documents.