Common use of Proceedings of the Loan Parties Clause in Contracts

Proceedings of the Loan Parties. The Administrative Agent shall have received a copy of the resolutions, in form and substance reasonably satisfactory to the Administrative Agent, of the Board of Directors (or similar governing body) of the Borrower and each other Loan Party authorizing (i) the execution, delivery and performance of this Agreement and the other Loan Documents to which it is a party, (ii) in the case of the Borrower, the borrowings contemplated hereunder and (iii) the granting by it of the Liens created pursuant to the Collateral Documents, certified by the secretary or an assistant secretary of the Borrower or such Loan Party as of the Closing Date, which certification shall be included in the certificate delivered in respect of the Borrower or such Loan Party pursuant to Section 7.1(f) and shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded.

Appears in 3 contracts

Samples: Credit Agreement (Americold Realty Trust), Credit Agreement (Americold Realty Trust), Credit Agreement (Americold Realty Trust)

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Proceedings of the Loan Parties. The Administrative Agent shall have received a copy of the resolutions, in form and substance reasonably satisfactory to the Administrative Agent, of the Board board of Directors directors (or similar governing analogous body) of the Borrower and each other Loan Party authorizing (i) the execution, delivery and performance of this Agreement and the Notes delivered on the New Lender Effective Date and the other New Lender Documents, and the reaffirmations of the applicable Loan Documents to which it is a party, and (ii) in the case of the Borrower, the borrowings contemplated hereunder and (iii) the granting reaffirmation by it of the Liens created pursuant to the Collateral DocumentsAccount Control Agreement, certified by the secretary or an assistant secretary of the Borrower or such Loan Party or, if applicable, of the general partner or managing member or members of such Loan Party, as of the Closing New Lender Effective Date, which certification shall be included in form and substance reasonably satisfactory to the certificate delivered in respect of the Borrower or such Loan Party pursuant to Section 7.1(f) Administrative Agent and shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded.

Appears in 2 contracts

Samples: Credit Agreement (ESH Hospitality, Inc.), Credit Agreement (ESH Hospitality, Inc.)

Proceedings of the Loan Parties. The Administrative Agent shall have received a copy of the resolutions, in form and substance reasonably satisfactory to the Administrative Agent, of the Board of Directors (or similar governing analogous body) of the Borrower and each other Loan Party authorizing (i) the execution, delivery and performance of this Agreement and the other Loan Documents to which it is a party, (ii) in the case of the Borrower, the borrowings and Extensions of Credit contemplated hereunder and (iii) the granting by it of the Liens created pursuant to the Collateral Security Documents, certified by the secretary or an assistant secretary on behalf of the Borrower or such Loan Party by a duly authorized officer of such Loan Party, or, if applicable, of the general partner or managing member or members of such Loan Party, as of the Closing Amended and Restated Effective Date, which certification shall be included in the certificate delivered in respect of the Borrower or such Loan Party pursuant to Section 7.1(f) 6.1(b), shall be in form and substance satisfactory to the Administrative Agent and shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded.

Appears in 2 contracts

Samples: Uncommitted Credit Agreement (Aegean Marine Petroleum Network Inc.), Uncommitted Credit Agreement (Aegean Marine Petroleum Network Inc.)

Proceedings of the Loan Parties. The Administrative Agent shall have received a copy of the resolutions, in form and substance reasonably satisfactory to the Administrative Agent, of the Board of Directors (or similar governing body) of the Borrower Holdings and each other Loan Party authorizing (i) the execution, delivery and performance of this Agreement and the other Loan Documents to which it is a party, (ii) in the case of the Borrower, the borrowings contemplated hereunder and (iii) the granting by it of the Liens created pursuant to the Collateral Documents, certified by the secretary Secretary or an assistant secretary Assistant Secretary of the Borrower Holdings or such Loan Party as of the Closing Date, which certification shall be included in the certificate delivered in respect of the Borrower Holdings or such Loan Party pursuant to Section 7.1(f) 7.1(g), shall be in form and substance reasonably satisfactory to the Administrative Agent and shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded.

Appears in 1 contract

Samples: Credit Agreement (International Market Centers, Inc.)

Proceedings of the Loan Parties. The Administrative Agent shall have received a copy of the resolutions, in form and substance reasonably satisfactory to the Administrative Agent, of the Board board of Directors directors (or similar governing analogous body) of the Borrower and each other Loan Party and the Sponsor authorizing (i) the execution, delivery and performance of this Agreement and the Notes delivered on the New Lender Effective Date and the other New Lender Documents, and the reaffirmations of the applicable Loan Documents to which it is a party, and (ii) in the case of the Borrower, the borrowings contemplated hereunder and (iii) the granting reaffirmation by it of the Liens created pursuant to the Collateral DocumentsAccount Control Agreement, certified by the secretary or an assistant secretary of the Borrower or such Loan Party or the Sponsor, as applicable, or, if applicable, of the general partner or managing member or members of such Loan Party or the Sponsor, as applicable, as of the Closing New Lender Effective Date, which certification shall be included in form and substance reasonably satisfactory to the certificate delivered in respect of the Borrower or such Loan Party pursuant to Section 7.1(f) Administrative Agent and shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded.

Appears in 1 contract

Samples: Credit Agreement (ESH Hospitality LLC)

Proceedings of the Loan Parties. The Administrative Agent shall have received a copy of the resolutions, in form and substance reasonably satisfactory to the Administrative Agent, of the Board board of Directors directors (or similar governing analogous body) of the Borrower and each other Loan Party authorizing (i) the execution, delivery and performance of this Agreement and the Notes delivered on the Increase Effective Date and the other Increase Documents, and the reaffirmations of the applicable Loan Documents to which it is a party, and (ii) in the case of the Borrower, the borrowings contemplated hereunder and (iii) the granting reaffirmation by it of the Liens created pursuant to the Collateral DocumentsAccount Control Agreement, certified by the secretary or an assistant secretary of the Borrower or such Loan Party Party, or, if applicable, of the general partner or managing member or members of such Loan Party, as of the Closing Increase Effective Date, which certification shall be included in form and substance reasonably satisfactory to the certificate delivered in respect of the Borrower or such Loan Party pursuant to Section 7.1(f) Administrative Agent and shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded.

Appears in 1 contract

Samples: Credit Agreement (ESH Hospitality, Inc.)

Proceedings of the Loan Parties. The Administrative Agent shall have received a copy of the resolutions, in form and substance reasonably satisfactory to the Administrative Agent, of the Board board of Directors directors (or similar governing analogous body) of the Borrower and each other Loan Party and the Sponsor authorizing (i) the execution, delivery and performance of this Agreement and the Notes delivered on the Increase Effective Date and the other Increase Documents, and the reaffirmations of the applicable Loan Documents to which it is a party, and (ii) in the case of the Borrower, the borrowings contemplated hereunder and (iii) the granting reaffirmation by it of the Liens created pursuant to the Collateral DocumentsAccount Control Agreement, certified by the secretary or an assistant secretary of the Borrower or such Loan Party or the Sponsor, as applicable, or, if applicable, of the general partner or managing member or members of such Loan Party or Sponsor, as applicable, as of the Closing Increase Effective Date, which certification shall be included in form and substance reasonably satisfactory to the certificate delivered in respect of the Borrower or such Loan Party pursuant to Section 7.1(f) Administrative Agent and shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded.

Appears in 1 contract

Samples: Credit Agreement (ESH Hospitality LLC)

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Proceedings of the Loan Parties. The Administrative Agent shall have received a copy of the resolutions, in form and substance reasonably satisfactory to the Administrative Agent, of the Board of Directors (or similar governing analogous body) of the Borrower and each other Loan Party authorizing (i) the execution, delivery and performance of this Agreement and the Notes delivered on the Amendment Effective Date and the other Increase Documents, and the reaffirmations of the applicable Loan Documents to which it is a party, and (ii) in the case of the Borrower, the borrowings contemplated hereunder and (iii) the granting reaffirmation by it of the Liens created pursuant to the Collateral Security Documents, certified by the secretary Secretary or an assistant secretary Assistant Secretary of such Loan Party, or, if applicable, of the Borrower general partner or managing member or members of such Loan Party as of the Closing Amendment Effective Date, which certification shall be included in form and substance reasonably satisfactory to the certificate delivered in respect of the Borrower or such Loan Party pursuant to Section 7.1(f) Administrative Agent and shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded.

Appears in 1 contract

Samples: And Increase Agreement (Buckeye Partners L P)

Proceedings of the Loan Parties. The Administrative Agent shall have received a copy of the resolutions, in form and substance reasonably satisfactory to the Administrative Agent, of the Board board of Directors directors (or similar governing analogous body) of the Borrower and each other Loan Party authorizing (i) the execution, delivery and performance of this Agreement and the Notes delivered on the Increase Effective Date and the other Increase Documents, and the reaffirmations of the applicable Loan Documents to which it is a party, and (ii) in the case of the Borrower, the borrowings contemplated hereunder and (iii) the granting reaffirmation by it of the Liens created pursuant to the Collateral DocumentsAccount Control Agreement, certified by the secretary or an assistant secretary of such Loan Party or, if applicable, of the Borrower general partner or managing member or members of such Loan Party as of the Closing Increase Effective Date, which certification shall be included in form and substance reasonably satisfactory to the certificate delivered in respect of the Borrower or such Loan Party pursuant to Section 7.1(f) Administrative Agent and shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded.

Appears in 1 contract

Samples: Credit Agreement (ESH Hospitality, Inc.)

Proceedings of the Loan Parties. The Administrative Agent shall have received a copy of the resolutions, in form and substance reasonably satisfactory to the Administrative Agent, of the Board of Directors (or similar governing analogous body) of the Borrower and each other Loan Party authorizing (i) the execution, delivery and performance of this Agreement and the other Loan Documents to which it is a party, and (ii) in the case of the Borrower, the borrowings contemplated hereunder and (iii) the granting by it of the Liens created pursuant to the Collateral Security Documents, certified by the secretary or an assistant secretary on behalf of the Borrower or such Loan Party by the Secretary or an Assistant Secretary of such Loan Party, or, if applicable, of the general partner or managing member or members of such Loan Party, as of the Closing Date, which certification shall be included in the certificate delivered in respect of the Borrower or such Loan Party pursuant to Section 7.1(f) 6.1(c), shall be in form and substance reasonably satisfactory to the Administrative Agent and shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded.

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (SemGroup Corp)

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