Common use of Authorization of Proceedings of Each Credit Party Clause in Contracts

Authorization of Proceedings of Each Credit Party. The Administrative Agent shall have received a copy of the resolutions, in form and substance satisfactory to the Administrative Agent, of the board of directors or other managers of each Credit Party (or a duly authorized committee thereof) authorizing (a) the execution, delivery and performance of the Credit Documents (and any agreements relating thereto) to which it is a party and (b) in the case of the Borrower, the extensions of credit contemplated hereunder.

Appears in 28 contracts

Samples: Credit Agreement (First Data Corp), Credit Agreement (First Data Corp), 2017 November Joinder Agreement (First Data Corp)

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Authorization of Proceedings of Each Credit Party. The Administrative Agent shall have received a copy of the resolutions, in form and substance satisfactory to the Administrative Agent, of the board of directors or other managers of each Credit Party (or a duly authorized committee thereof) authorizing (a) the execution, delivery and performance of the Credit Documents (and any agreements relating thereto) to which it is a party and (b) in the case of the each Borrower, the extensions of credit contemplated hereunder.

Appears in 5 contracts

Samples: Credit Agreement (Dollar General Corp), Credit Agreement (HCA Holdings, Inc.), Credit Agreement (Hca Inc/Tn)

Authorization of Proceedings of Each Credit Party. The Administrative Agent shall have received (a) a copy of the resolutions, in form and substance reasonably satisfactory to the Administrative Agent, of the board of directors or directors, other managers or general partner of each Credit Party (or a duly authorized committee thereof) authorizing (ai) the execution, delivery and performance of the Credit Documents (and any agreements relating thereto) to which it is a party and (bii) in the case of the Borrower, the extensions of credit contemplated hereunderhereunder and (b) true and complete copies of the Organizational Documents of each Credit Party as of the Closing Date.

Appears in 4 contracts

Samples: Credit Agreement (Energy Future Competitive Holdings CO), Credit Agreement (Energy Future Intermediate Holding CO LLC), Credit Agreement (Energy Future Intermediate Holding CO LLC)

Authorization of Proceedings of Each Credit Party. The Administrative Agent shall have received (a) a copy of the resolutions, in form and substance satisfactory to the Administrative Agent, resolutions of the board of directors or directors, other managers or general partner of each Credit Party (or a duly authorized committee thereof) authorizing (ai) the execution, delivery and performance of the Credit Documents (and any agreements relating thereto) to which it is a party and (bii) in the case of the Borrower, the extensions of credit contemplated hereunderhereunder and (b) true and complete copies of the Organizational Documents of each Credit Party as of the Closing Date.

Appears in 2 contracts

Samples: Possession Credit Agreement (Energy Future Holdings Corp /TX/), Security Agreement (Energy Future Competitive Holdings Co LLC)

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Authorization of Proceedings of Each Credit Party. The Each Administrative Agent shall have received a copy of the resolutions, in form and substance satisfactory to the Administrative Agent, resolutions of the board of directors and if applicable, the shareholders and/or the supervisory board or other managers of Parent and each Credit Party (or a duly authorized committee thereof) authorizing (a) the execution, delivery and performance of the Credit Documents (and any agreements relating thereto) to which it is a party and (b) in the case of the BorrowerBorrowers, the extensions of credit contemplated hereunder, certified by the Secretary, Assistant Secretary or other authorized officer of such Person as of the Second Restatement Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Univar Inc.)

Authorization of Proceedings of Each Credit Party. The Administrative Agent shall have received a copy of the resolutions, in form and substance satisfactory to the Administrative Agent, of the board of directors or other managers of each U.S. Credit Party (or a duly authorized committee thereof) authorizing (a) the execution, delivery and performance of the Credit Documents (and any agreements relating thereto) to which it is a party and (b) in the case of the Parent Borrower, the extensions of credit contemplated hereunder.

Appears in 1 contract

Samples: Credit Agreement (Hca Inc/Tn)

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