Board Declaration Clause Samples
A Board Declaration clause requires the board of directors of a company to formally state or confirm a particular fact, decision, or compliance with certain requirements. Typically, this clause is used in contexts such as confirming the accuracy of financial statements, compliance with laws, or the approval of significant transactions. By mandating an official declaration from the board, the clause ensures accountability at the highest level of company management and provides assurance to stakeholders that key matters have been properly considered and authorized.
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Board Declaration. The Purchaser shall have received a declaration of the board of directors of the Seller certifying that attached thereto are true and complete copies of all resolutions adopted by the board of directors of the Seller authorizing the execution, delivery and performance of this Agreement and the Documents and the consummation of the transactions contemplated hereby and thereby, and that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby.
Board Declaration. With respect to this Agreement, the Board adopts a resolution declaring that a Potential Change in Control has occurred.