Borrowing Resolutions Sample Clauses
A Borrowing Resolutions clause outlines the formal approval process by which a company's board of directors authorizes the company to borrow funds. Typically, this clause specifies the need for a board resolution before the company can enter into loan agreements or incur debt, ensuring that such financial commitments are made with proper oversight. By requiring documented board approval, the clause helps prevent unauthorized borrowing and ensures that all significant financial obligations are subject to collective decision-making, thereby protecting the interests of shareholders and stakeholders.
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Borrowing Resolutions. A certified copy of resolutions of Borrower’s Board evidencing approval of (i) this Amendment and other transactions evidenced by the Loan Documents; and (ii) the Warrant.
Borrowing Resolutions. Lender shall have received copies of resolutions or other action of the Board of Directors of Borrower authorizing the execution, delivery and performance of this Amendment and the other Loan Documents to which it is a party, certified by the Secretary of Borrower.
Borrowing Resolutions. A copy of the resolution of the Board of Directors of Borrower certified by Borrower's duly elected or acting corporate secretary authorizing the execution of this Agreement and other Loan Documents and authorizing specific officers to execute and deliver this Agreement and the other Loan Documents.
Borrowing Resolutions. A certified copy of resolutions of Inc.’s Board evidencing approval of (i) this Amendment and other transactions evidenced by the Loan Documents; and (ii) the Warrants issued in connection with this Amendment and the transactions evidenced thereby.
Borrowing Resolutions. CORPORATE BORROWING CERTIFICATE
Borrowing Resolutions satisfactory evidence that Lender holds perfected liens and security interests in all collateral for the Loans, subject to no other liens or security interests.
Borrowing Resolutions duly executed by the Debtor and each of the Corporate Guarantors confirming the authorized signatory of this Agreement and the other documents provided for herein.
Borrowing Resolutions. Certified copies of resolutions of the board of directors of Borrower and any corporate Guarantor approving each Loan Document to which the Borrower or Guarantor is a party and of all documents evidencing other necessary corporate action and governmental approvals, if any, with respect to each such Loan Document.
Borrowing Resolutions. Borrower’s limited liability company resolution to borrow and grant security interests in the form prescribed by Bank and duly executed and delivered by such officers of Borrower as Bank requests.