Common use of Corporate Proceedings of the Borrower Clause in Contracts

Corporate Proceedings of the Borrower. The Lender shall have received a copy of the resolutions in form and substance reasonably satisfactory to the Lender, of the Board of directors of the Borrower authorizing (i) the execution, delivery and performance of this Agreement, and the Other Documents signed by it, any related agreements, and (ii) the granting by the Borrower of the security interests in and Liens upon the Collateral, the GABD, the GSA and the Mortgage in each case certified by the Secretary or an Assistant Secretary of the Borrower as of the Closing Date; and, such certificate shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded as of the date of such certificate;

Appears in 1 contract

Samples: Credit Agreement (Cold Metal Products Inc)

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Corporate Proceedings of the Borrower. The Lender shall have received a copy of the resolutions in form and substance reasonably satisfactory to the Lender, of the Board of directors Directors of the Borrower authorizing (i) the execution, delivery and performance of this Agreement, and the Other Documents signed by it, any related agreements, (collectively the "Documents") and (ii) the granting by the Borrower of the security interests in and Liens liens upon the Collateral, the GABD, the GSA and the Mortgage in each case Collateral certified by the Secretary or an Assistant Secretary of the Borrower as of the Closing Date; and, such certificate shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded as of the date of such certificate;

Appears in 1 contract

Samples: Revolving Credit, Term Loan and Security Agreement (Tii Industries Inc)

Corporate Proceedings of the Borrower. The Lender Administrative Agent shall have received a copy of the resolutions in form and substance reasonably satisfactory to the LenderAdministrative Agent, of the Board of directors Directors or managers, as applicable, of the Borrower authorizing (i) the execution, delivery and performance of this Agreement, Agreement and the Other Documents signed by it, any related agreements, and (ii) the granting by the Borrower of the security interests in and Liens liens upon the Collateral, the GABD, the GSA and the Mortgage Collateral in each case certified by the Secretary or an Assistant Secretary of the Borrower as of the Closing Date; and, such certificate shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded as of the date of such certificate;

Appears in 1 contract

Samples: And Security Agreement (McMS Inc /De/)

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Corporate Proceedings of the Borrower. The Lender shall have received a copy of the resolutions in form and substance reasonably satisfactory to the Lender, of the Board of directors Directors of the Borrower authorizing (iA) the execution, delivery and performance of this Agreement, and the Other Documents signed by it, any related agreementsDocuments, and (iiB) the granting by the Borrower of the security interests in and Liens liens upon the Collateral, the GABD, the GSA and the Mortgage Collateral in each case certified by the Secretary or an Assistant Secretary of the Borrower as of the Closing Date; and, such certificate shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded as of the date of such certificate;

Appears in 1 contract

Samples: Financing Agreement (Chaus Bernard Inc)

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