Common use of Resolutions Clause in Contracts

Resolutions. copies of resolutions of each of its board of directors and, if required, its shareholders/stockholders approving such of the Relevant Documents to which it is or is to be a party and the terms and conditions hereof and thereof and authorising the signature, delivery and performance of each such party's obligations thereunder, certified (in a certificate dated no earlier than five (5) Banking Days prior to the date of this Agreement) by an officer of the Relevant Parties as:

Resolutions. copies of resolutions of each of its board of directors and, if required, and its shareholders/stockholders shareholders approving such of the Relevant Documents to which it is or is to be a party and the terms and conditions hereof and thereof and authorising the signature, delivery and performance of each such party's obligations thereunder, certified (in a certificate dated no earlier than five fifteen (515) Banking Days prior to the date of this Agreement) by an officer of the Relevant Parties asParties:

Resolutions. copies of resolutions of each of its board of directors and, if requiredrequired following advice by the Bank’s counsel, its shareholders/stockholders shareholders approving such of this Agreement and the other Relevant Documents to which it is or is to be a party and the terms and conditions hereof and thereof and authorising the signature, delivery and performance of each such party's ’s obligations thereunder, certified (in a certificate dated no earlier than five (5) Banking Days prior to the date of this Agreement) by an officer of the such Relevant Parties Party as:

Resolutions. copies of resolutions of each of its board of directors and, if required, and its shareholders/stockholders shareholders approving such of the Relevant Documents to which it is or is to be a party and the terms and conditions hereof and thereof and authorising the signature, delivery and performance of each such party's obligations thereunder, certified (in a certificate dated no earlier than five (5) Banking Days prior to the date of this Agreement) by an officer of the such Relevant Parties Party as:

Resolutions. copies of resolutions of each of its board of directors and, if requiredrequired following advice by the Bank’s counsel, its shareholders/stockholders shareholders approving such of the Relevant Documents to which it is or is to be a party this Agreement and the terms and conditions hereof and thereof and authorising the signature, delivery and performance of each such party's ’s obligations thereunder, certified (in a certificate dated no earlier than five (5) Banking Days prior to the date of this Agreement) by an officer of the such Relevant Parties Party as:

Resolutions. copies of resolutions of each of its board of directors and, if requiredrequired following advice by the Bank’s counsel, its shareholders/stockholders shareholders approving such of this Agreement and the other Relevant Documents to which it is or is to be a party and the terms and conditions hereof and thereof and authorising the signature, delivery and performance of each such party's obligations thereunder, certified (in a certificate dated no earlier than five (5) Banking Days prior to the date of this Agreement) by an officer of the such Relevant Parties Party as:

Resolutions. copies of resolutions of each of its board of directors and, if required, and its shareholders/stockholders shareholders approving such of the Relevant Documents to which it is or is to be a party and the terms and conditions hereof and thereof and authorising the signature, delivery and performance of each such party's obligations thereunder, certified (in a certificate dated no earlier than five fifteen (515) Banking Days prior to the date of this Agreement) by an officer of the such Relevant Parties asParty:

Resolutions. copies of resolutions of each of its board of directors and, if requiredrequired following advice by the Agent’s counsel, its shareholders/stockholders shareholders approving such of this Agreement and the other Relevant Documents to which it is or is to be a party and the terms and conditions hereof and thereof and authorising the signature, delivery and performance of each such partyRelevant Party's obligations thereunder, certified (in a certificate dated no earlier than five (5) Banking Days prior to the date of this Agreement) by an officer of the such Relevant Parties Party as:

Resolutions. copies of resolutions of each of its board of directors and, if required, and its shareholders/stockholders approving such of the Relevant Documents to which it is or is to be a party and the terms and conditions hereof and thereof and authorising the signature, delivery and performance of each such party's Relevant Party’s obligations thereunder, certified (in a certificate dated no earlier than five (5) Banking Days prior to the date of this Agreement) by an officer of the such Relevant Parties Party as:

Resolutions. copies of resolutions of each of its board of directors and, if required, and its shareholders/stockholders approving such of the Relevant Documents to which it is or is to be a party and the terms and conditions hereof and thereof and authorising the signature, delivery and performance of each such party's ’s obligations thereunder, certified (in a certificate dated no earlier than five (5) Banking Days prior to the date of this Agreement) by an officer of the such Relevant Parties Party as:

Resolutions. copies Copies of resolutions of each of its board of directors and, and (if required, relevant) its shareholders/stockholders approving such of the Relevant Transaction Documents and the Security Documents to which it is or is to be a party and the terms and conditions hereof and thereof and authorising the signature, delivery and performance of each such party's obligations thereunder, certified (in a certificate dated no earlier than five (5) Banking Days prior to the date of this Agreement) by an officer of the Relevant Parties assuch Security Party:

Resolutions. copies of resolutions of each of its board of directors and, if required, and its shareholders/stockholders shareholders approving such of the Relevant Documents to which it is or is to be a party and the terms and conditions hereof and thereof and authorising the signature, delivery and performance of each such party's ’s obligations thereunder, certified (in a certificate dated no earlier than five fifteen (515) Banking Days prior to the date of this Agreement) by an officer of the Relevant Parties asParties:

Resolutions. copies of resolutions of each of its board of directors and, if required, and (other than the Borrower) its shareholders/stockholders , approving such of the Relevant Documents to which it is or is to be a party and the terms and conditions hereof and thereof and authorising the signature, delivery and performance of each such party's ’s obligations thereunder, certified (in a certificate dated no earlier than five fifteen (515) Banking Days prior to the date of this Agreement) by an officer of the Relevant Parties asParties:

Resolutions. copies of resolutions of each of its board of directors and, if required, and its shareholders/stockholders shareholders approving such of this Agreement and the other Relevant Documents to which it is or is to be a party and the terms and conditions hereof and thereof and authorising the signature, delivery and performance of each such party's ’s obligations thereunder, certified (in a certificate dated no earlier than five (5) Banking Days prior to the date of this Agreement) by an officer of the such Relevant Parties Party as:

Resolutions. copies of resolutions of each of its board of directors and, if required, and its shareholders/stockholders approving such of the Relevant Documents to which it is or is to be a party this Agreement and the terms and conditions hereof and thereof and authorising the signature, delivery and performance of each such party's ’s obligations thereunder, certified (in a certificate dated no earlier than five (5) Banking Days prior to the date of this Agreement) by an officer of the such Relevant Parties Party as:

Resolutions. copies of resolutions of each of its board of directors and, if required, its shareholders/stockholders approving such of the Relevant Documents to which it is or is to be a party and the terms and conditions hereof and thereof and authorising the signature, delivery and performance of each such party's obligations thereunder, certified (in a certificate dated no earlier than five (5) Banking Days prior to the date of this Agreement) by an officer of the Relevant Parties as:

Resolutions. copies of resolutions of each of its board of directors and, if required, its shareholders/stockholders shareholders approving such of the Relevant Documents to which it is or is to be a party and the terms and conditions hereof and thereof and authorising the signature, delivery and performance of each such party's ’s obligations thereunder, certified (in a certificate dated no earlier than five (5) Banking Days prior to the date of this Agreement) by an officer of the each such Relevant Parties Party, as:

Resolutions. copies of resolutions of each of its board of directors and, if required, and its shareholders/stockholders shareholders approving such of this Agreement and the other Relevant Documents to which it is or is to be a party and the terms and conditions hereof and thereof and authorising the signature, delivery and performance of each such party's obligations thereunder, certified (in a certificate dated no earlier than five (5) Banking Days prior to the date of this Agreement) by an officer of the Relevant Parties such Related Party as:

Resolutions. copies of resolutions of each of its board of directors and, if required, and its shareholders/stockholders shareholders approving such of the Relevant Documents to which it is or is to be a party and the terms and conditions hereof and thereof and authorising the signature, delivery and performance of each such party's ’s obligations thereunder, certified (in a certificate dated no earlier than five (5) Banking Days prior to the date of this Agreement) by an officer of the such Relevant Parties Party as:

Resolutions. copies of resolutions of each of the Relevant Parties (other than the Manager) of its board of directors and, if required, following advice by the Agent’s legal counsel, its shareholders/stockholders , approving such of this Agreement and the other Relevant Documents Documents, to which it is or is to be a party and the terms and conditions hereof and thereof and authorising the signature, delivery and performance of each such party's ’s obligations thereunder, certified (in a certificate dated no earlier than five (5) Banking Days prior to the date of this Agreement) by an officer of the such Relevant Parties Party as:

Resolutions. copies of resolutions or written consent of each of its board of directors and, if required, and its shareholders/stockholders shareholders approving such of the Relevant Documents to which it is or is to be a party and the terms and conditions hereof and thereof and authorising the signature, delivery and performance of each such party's ’s obligations thereunder, certified (in a certificate dated no earlier than five fifteen (515) Banking Days prior to the date of this Agreement) by an officer of the Relevant Parties as:

Resolutions. copies of resolutions of each of its board of directors and, if required, its shareholders/stockholders approving such of the Relevant Documents to which it is or is to be a party this Agreement and the terms and conditions hereof and thereof and authorising the signature, delivery and performance of each such party's obligations thereunder, certified (in a certificate dated no earlier than five (5) Banking Days prior to the date of this Agreement) by an officer of the Relevant Parties as:

Resolutions. copies of resolutions of each of its board of directors and, if required, and (except in the case of the Corporate Guarantor) its shareholders/stockholders approving such of the Relevant Documents to which it is or is to be a party and the terms and conditions hereof and thereof and authorising the signature, delivery and performance of each such party's obligations thereunder, certified (in a certificate dated no earlier than five (5) Banking Days prior to the date of this Agreement) by an officer attorney-at-law of the such Relevant Parties Party as:

Resolutions. copies of resolutions of each Relevant Party of its board of directors and, if required, and its shareholders/stockholders approving such of the Relevant Documents to which it is or is to be a party and the terms and conditions hereof and thereof and authorising the signature, delivery and performance of each such party's ’s obligations thereunder, certified (in a certificate dated no earlier than five (5) Banking Days prior to the date of this AgreementDeed) by an officer of the Relevant Parties asParties:

Resolutions. copies of resolutions of each of its board of directors and, if required, and its shareholders/stockholders shareholders approving such of this Agreement and the other Relevant Documents to which it is or is to be a party and the terms and conditions hereof and thereof and authorising the signature, delivery and performance of each such party's ’s obligations thereunder, certified (in a certificate dated no earlier than five (5) Banking Days prior to the date of this Agreement) by an officer of the such Relevant Parties Party as:

Resolutions. copies of resolutions of each of its board of directors and, if requiredrequired following advice by the Bank’s counsel, its shareholders/stockholders approving such the shareholders of each of the Relevant Parties other than the Corporate Guarantor approving this Agreement and the other Relevant Documents to which it is or is to be a party and the terms and conditions hereof and thereof hereof and authorising the signature, delivery and performance of each such party's ’s obligations thereunder, certified (in a certificate dated no earlier than five (5) Banking Days prior to the date of this Agreement) by an officer of the such Relevant Parties Party as:

Resolutions. copies of the resolutions of each of its board of directors and, if required, its shareholders/stockholders approving such the terms and conditions of the Relevant Documents to which it is or is to be a party and the terms and conditions hereof and thereof and authorising the signature, delivery and performance of each such party's of its obligations thereunder, certified (in a certificate dated no earlier than five (5) Banking Business Days prior to the date of this Agreement) by an officer of the Relevant Parties as:

Resolutions. copies of resolutions of each of its board of directors and, if required, its shareholders/stockholders stockholders, approving such of the Relevant Documents to which it is or is to be a party and the terms and conditions hereof and thereof and authorising the signature, delivery and performance of each such party's obligations thereunder, certified (in a certificate dated no earlier than five (5) Banking Days prior to the date of this Agreement) by an officer of the Relevant Parties Parties, as:

Resolutions. copies of resolutions of each of its board of directors and, if required, its shareholders/stockholders approving such of the Relevant Documents to which it is or is to be a party and the terms and conditions hereof and thereof and authorising the signature, delivery and performance of each such party's ’s obligations thereunder, certified (in a certificate dated no earlier than five (5) Banking Days prior to the date of this Agreement) by an officer of the Relevant Parties as:

Resolutions. copies of resolutions of each of its board of directors and, if required, and (other than the DryShips Guarantor) its shareholders/stockholders shareholders approving such of the Relevant Documents to which it is or is to be a party and the terms and conditions hereof and thereof and authorising the signature, delivery and performance of each such party's obligations thereunder, certified (in a certificate dated no earlier than five (5) Banking Days prior to the date of this Agreement) by an officer or legal adviser of the Relevant Parties as:being true and correct;

Resolutions. copies of resolutions of each of its board of directors and, and (if required, relevant) its shareholders/stockholders approving such of the Relevant Transaction Documents and Security Documents to which it is or is to be a party and the terms and conditions hereof and thereof and authorising the signature, delivery and performance of each such party's obligations thereunder, certified (in a certificate dated no earlier than five (5) Banking Days prior to the date of this Agreement) by an officer of the Relevant Parties assuch Security Party: