Borrower Authorizations Sample Clauses

Borrower Authorizations. Borrower shall have provided Lender copies of the resolutions of the Borrower’s Board of Directors (the “Board”) authorizing, approving and ratifying this Agreement and the other Loan Documents and the transactions contemplated herein and therein, as applicable, duly adopted by the Board, together with a certificate of an authorized officer of Borrower, dated the date hereof, stating that each such copy is a true and correct copy of resolutions duly adopted at a meeting, or by action taken on written consent, of the Board and that such resolutions have not been modified, amended, rescinded or revoked in any respect and are in full force and effect as of the date hereof.

Borrower Authorizations. ▇▇▇▇▇▇ ▇▇▇ shall have received a Certificate of Borrower, in form and substance satisfactory to ▇▇▇▇▇▇ ▇▇▇, with the following attachments, in each case in form and substance satisfactory to ▇▇▇▇▇▇ ▇▇▇: (i) resolutions of the board of directors, board of managers, manager, managing member or similar governing body of each Borrower approving and authorizing the execution, delivery and performance of this Amendment as of the date hereof, Waiver and Third Amendment to Master Credit Facility Agreement 19 certified as of the date hereof by its secretary, an assistant secretary or other authorized officer as being in full force and effect without modification or amendment, (ii) a certification of the names and true signatures of the officers of each Borrower authorized to sign this Amendment and the other documents required to be delivered hereunder, (iii) a good standing certificate of each Borrower from the applicable Governmental Authority of each Borrower’s jurisdiction of formation and (iv) copies of each organizational document of each Borrower, in each case, to the extent applicable, certified as of a recent date prior to the date hereof by the appropriate Governmental Authority.

Borrower Authorizations. ▇▇▇▇▇▇ ▇▇▇ shall have received a Certificate of each Borrower, in form and substance satisfactory to ▇▇▇▇▇▇ ▇▇▇, with the following attachments, in each case in form and substance satisfactory to ▇▇▇▇▇▇ ▇▇▇: (i) resolutions of the board of directors, board of managers, manager, managing member or similar governing body of such Borrower approving and authorizing the execution, delivery and performance of this Amendment as of the date hereof, certified as of the date hereof by its secretary, an assistant secretary or other authorized officer as being in full force and effect without modification or amendment, (ii) a certification of the names and true signatures of the officers of such Borrower authorized to sign this Amendment and the other documents required to be delivered hereunder, (iii) a good standing certificate of Borrower from the applicable Governmental Authority of such Borrower’s jurisdiction of formation and (iv) copies of each organizational document of such Borrower, in each case, to the extent applicable, certified as of a recent date prior to the date hereof by the appropriate Governmental Authority.

Borrower Authorizations. The Successor Agent shall have received certified copies of resolutions of the Board of Directors of each Loan Party approving the execution, delivery and performance of this Amendment, and of all documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Amendment and the Notes.

Borrower Authorizations. (i) The Borrower shall have delivered to Lender: (A) a copy, certified by the Secretary of the Borrower, of the resolutions of the Board of Directors of the Borrower authorizing and approving the execution and delivery of and performance under this Agreement and the other Loan Documents, the borrowings provided for hereunder and the creation of the collateral security interests for which the Security Documents provide; (B) a copy of the Borrower’s articles or certificate of incorporation, certified by the Secretary of State of the state of the Borrower’s incorporation as of a recent date; (C) a good standing or subsistence certificate with respect to the Borrower certified by the Secretary of State of the state of the Borrower’s incorporation as of a recent date; (D) a copy of the Borrower’s By-Laws, as currently in effect, certified by such Borrower’s Secretary or Assistant Secretary; (ii) The Secretary of the Borrower shall have duly executed and delivered to the Lender a certificate of incumbency, in form and substance satisfactory to the Lender.

Borrower Authorizations. The Borrower hereby authorizes the Agent ----------------------- and/or the Lenders to make Revolving Credit Loans on the first day of each month, and to disburse the proceeds thereof to Term Lender, in amounts necessary to pay all accrued and unpaid interest that Borrower is obligated to pay each month to Term Lender pursuant to the Term Loan and Security Agreement. Such Revolving Credit Loans may be disbursed by wire transfer pursuant to instructions provided by the Term Lender to the Agent in writing at least two Business Days in advance of each such requested Revolving Credit Loan. Agent and Lenders are authorized to rely upon any statement or writing from Term Lender regarding the amount of interest accrued and payable on any date and, in the event of any dispute by Borrower regarding such amount, such dispute shall be resolved by Borrower directly with Term Lender and shall not affect Borrower's liability for any funding made by Agent or Lenders in reliance upon any representation from Term Lender. Borrower acknowledges that this authorization shall not obligate Lenders or Agent to honor requests by the Borrower for Revolving Credit Loans and that each funding by Lenders and Agent of Revolving Credit Loans is subject, at all times, to all of the terms, conditions and covenants in the Revolving Loan Agreement and subject to the continued satisfaction of each of the Forbearance Conditions. Borrower may revoke the foregoing authorization by giving the Agent and Lenders written notice of such revocation at least two Business Days in advance of any such requested Revolving Credit Loan. The Borrower also authorizes Agent and each Lender to provide to Term Lender at any time or times (but without any obligation to do so) copies of any and all Borrowing Base Certificates provided to Agent or Lenders by Borrower under the Loan Agreement.

Borrower Authorizations. ▇▇▇▇▇▇ ▇▇▇ shall have received a Certificate of ▇▇▇▇▇▇▇▇, in form and substance satisfactory to ▇▇▇▇▇▇ ▇▇▇, with the following attachments, in each case in form and substance satisfactory to ▇▇▇▇▇▇ ▇▇▇: (i) resolutions of the board of directors, board of managers, manager, managing member or similar governing body of ▇▇▇▇▇▇▇▇ approving and authorizing the execution, delivery and performance of this Amendment as of the date hereof, certified as of the date hereof by its secretary, an assistant secretary or other authorized officer as being in full force and effect without modification or amendment, (ii) a certification of the names and true signatures of the officers of Borrower authorized to sign this Amendment and the other documents required to be delivered hereunder, (iii) a good standing certificate of Borrower from the applicable Governmental Authority of Borrower’s jurisdiction of formation and (iv) copies of each organizational document of Borrower, in each case, to the extent applicable, certified as of a recent date prior to the date hereof by the appropriate Governmental Authority. 5 To be included for the following properties: 1. Waterford at Fairfield; 2. Waterford at Mansfield; 3. Waterford at Levis Commons; and 4. Wellington at Dayton. Waiver and [First] Amendment to Multifamily Loan and Security Agreement 13