Common use of Proof of Corporate Action Clause in Contracts

Proof of Corporate Action. The Agent shall have received from each of the Hasbro Companies copies for each Bank, certified by a duly authorized officer of such respective Hasbro Company to be true and complete on and as of the Effective Date, of the records of all corporate action taken by each of the Hasbro Companies to authorize (a) its execution and delivery of each of the Loan Documents to which it is or is to become a party, (b) its performance of all of its agreements and obligations under each of the Loan Documents, and (c) the borrowings contemplated by this Agreement.

Proof of Corporate Action. The Agent shall have received from each of the Hasbro Companies and Hasbro SA copies for each Bank, certified by a duly authorized officer of such respective Hasbro Company Person to be true and complete on and as of the Effective Date, of the records of all corporate action taken by each of the Hasbro Companies such Person to authorize (a) its execution and delivery of each of the Loan Documents to which it is or is to become a party, (b) its performance of all of its agreements and obligations under each of the Loan Documents, and (c) in the case of the Company and Hasbro SA, the borrowings contemplated by this Agreement.