Common use of Resolutions; Authority Clause in Contracts

Resolutions; Authority. Resolutions of the board of directors (or similar governing body) of each Loan Party certified by its Secretary or an Assistant Secretary which authorize its execution, delivery, and performance of the Loan Documents to which it is or is to be a party;

Appears in 4 contracts

Sources: Credit Agreement (Peregrine Systems Inc), Credit Agreement (Intervoice Inc), Credit Agreement (Monarch Dental Corp)

Resolutions; Authority. Resolutions of the board Board of directors (or similar governing body) Directors of each Loan Party the Borrower certified by its Secretary or an Assistant Secretary which authorize its execution, delivery, and performance of the Loan Documents to which it is or is to be a party;.

Appears in 1 contract

Sources: Credit Agreement (Firstmerit Corp /Oh/)

Resolutions; Authority. Resolutions of the board Board of directors Directors of the Borrower and each Obligated Party (or similar governing bodyother than the Shareholders) of each Loan Party and the General Partner certified by its Secretary or an Assistant Secretary which authorize its execution, delivery, and performance of the Loan Documents to which it is or is to be a party;,

Appears in 1 contract

Sources: Credit Agreement (Snelling & Snelling Inc)