Common use of Authorization to Borrow Clause in Contracts

Authorization to Borrow. A copy of a resolution or resolutions, in form and substance satisfactory to Lender, passed by the board of directors of Borrower, authorizing the borrowing provided for in this Agreement, and the execution, delivery, and performance of this Agreement and the Note or other instrument or agreement required under this Agreement.

Authorization to Borrow. A copy of a resolution or resolutions, in form and substance satisfactory to Lender, passed by the board of directors of Borrower, authorizing the borrowing provided for in this Agreement, and the execution, delivery, and performance of this Agreement and the Note or other instrument or agreement required under this Agreement.;