Common use of Borrower Authority Clause in Contracts

Borrower Authority. The Agent shall have received, in form and substance satisfactory to the Lenders, a certified copy of the Organizational Documents of the Borrower and certified copies of resolutions adopted by the board of directors of the Borrower authorizing the execution, delivery and performance of the Loan Documents to which it is a party, together with evidence that the Borrower is in good standing in the states of Oregon and evidence of the authority and specimen signatures of the natural persons who have signed this Agreement and who will sign the other Loan Documents on behalf of the Borrower and such other evidence of corporate authority as the Agent or any Lender shall reasonably require.