Common use of BORROWING RESOLUTION Clause in Contracts

BORROWING RESOLUTION. Borrower shall have delivered to Lender a copy of a written consent of its owners/members consenting to (i) Borrower’s execution, delivery and performance of the Loan, (ii) the execution and delivery and performance of all of Borrower’s obligations under the Loan Documents, and (iii) authorizing the officers of Borrower to request all Advances under the Loan and permitting Lender to rely on the signature of any person purporting to be a manager of Borrower for an Advance under the Loan.

BORROWING RESOLUTION. Borrower shall have delivered to Lender a copy of a written consent of its owners/members consenting to (i) Borrower’s 's execution, delivery and performance of the Loan, (ii) the execution and delivery and performance of all of Borrower’s 's obligations under the Loan Documents, and (iii) authorizing the officers of Borrower to request all Advances under the Loan and permitting Lender to rely on the signature of any person purporting to be a manager of Borrower for an Advance under the Loan.