Common use of Evidence of Action Clause in Contracts

Evidence of Action. The Agent shall have received a certificate, dated the Borrowing Date, of the Secretary or Assistant Secretary or other analogous counterpart of each Credit Party (i) attaching a true and complete copy of the resolutions of its Managing Person and of all documents evidencing all necessary corporate, partnership or similar action (in form and substance satisfactory to the Agent) taken by it to authorize the Transaction Documents to which it is a party and the transactions contemplated thereby, (ii) attaching a true and complete copy of its Organizational Documents, (iii) setting forth the incumbency of its officer or officers or other analogous counterpart who may sign the Loan Documents, including therein a signature specimen of such officer or officers and (iv) if available, attaching a certificate of good standing of the Secretary of State of the jurisdiction of its formation and of each other jurisdiction in which it is qualified to do business, except, in the case of such other jurisdiction, when the failure to be in good standing in such jurisdiction would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Helicon Capital Corp)

AutoNDA by SimpleDocs

Evidence of Action. The Agent shall have received a certificate, dated the first Borrowing Date, of the Secretary or Assistant Secretary or other analogous counterpart of each Credit Party (i) attaching a true and complete copy of the resolutions of its Managing Person and of all documents evidencing all necessary corporate, partnership or similar action (in form and substance satisfactory to the Agent) taken by it to authorize the Transaction Loan Documents to which it is a party and the transactions contemplated thereby, (ii) attaching a true and complete copy of its Organizational Documents, (iii) setting forth the incumbency of its officer or officers or other analogous counterpart who may sign the Loan Documents, including therein a signature specimen of such officer or officers and (iv) if available, attaching a certificate of good standing of the Secretary of State appropriate Governmental Authority of the jurisdiction of its formation and of each other jurisdiction in which it is qualified to do business, except, in the case of such other jurisdiction, when the failure to be in good standing in such jurisdiction would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Gp Strategies Corp)

Evidence of Action. The Administrative Agent shall have received a certificate, dated the Borrowing Effective Date, of the Secretary or Assistant Secretary or other analogous counterpart of each Credit Party (i) attaching a true and complete copy of the resolutions of its Managing Person and of all documents evidencing all necessary corporate, partnership or similar action (in form and substance satisfactory to the Administrative Agent) taken by it to authorize the Transaction Loan Documents to which it is a party and the transactions contemplated thereby, (ii) attaching a true and complete copy of its Organizational Documents, (iii) setting forth the incumbency of its officer or officers or other analogous counterpart who may sign the Loan Documents, including therein a signature specimen of such officer or officers and (iv) if available, attaching a certificate of good standing of the Secretary of State of the jurisdiction of its formation and of each other jurisdiction in which it is qualified to do business, except, in the case of such other jurisdiction, when the failure to be in good standing in such jurisdiction would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Building Materials Investment Corp)

AutoNDA by SimpleDocs

Evidence of Action. The Agent shall have received a certificate, dated the Borrowing Effective Date, of the Secretary or Secretary, Assistant Secretary or other analogous counterpart of each Credit Loan Party (i) attaching a true and complete copy of the resolutions of its Managing Person and of all documents evidencing all necessary corporate, partnership or similar action (in form and substance reasonably satisfactory to the Agent) taken by it to authorize the Transaction Loan Documents to which it is a party and the transactions contemplated thereby, (ii) attaching a true and complete copy of its Organizational Documentsorganizational documents, (iii) setting forth the incumbency of its officer or officers the corporate officer(s) or other analogous counterpart counterparts thereof who may sign the such Loan Documents, including therein a signature specimen of such corporate officer or officers counterpart, as the case may be, and (iv) if available, attaching a certificate of good standing of the Secretary of State of the jurisdiction State of its formation and of each other jurisdiction in which it is qualified to do business, conduct business except, in the case of such other jurisdiction, when the failure to be in good standing in such jurisdiction would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Revolving Credit Agreement (Air Express International Corp /De/)

Time is Money Join Law Insider Premium to draft better contracts faster.