Common use of Borrower Authority Clause in Contracts

Borrower Authority. Agent shall have received in form and substance satisfactory to it (i) a copy of a resolution adopted by the Board of Directors of Borrower authorizing the execution, delivery and performance of this Agreement and the other Borrower Documents certified by the Secretary of Borrower; (ii) evidence of the authority and specimen signatures of the persons who have signed this Agreement and the other Borrower Documents; (iii) Certificates of Good Standing dated as of a recent date issued by the Secretary of State of Minnesota in respect of Borrower; and (iv) such other evidence of corporate authority as Agent shall reasonably require.

Appears in 2 contracts

Samples: Credit Agreement (Micron Electronics Inc), Credit Agreement (Micron Electronics Inc)

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Borrower Authority. Agent shall have received in form and substance satisfactory to it (i) a copy of a resolution adopted by the Board of Directors of Borrower Borrowers authorizing the execution, delivery and performance of this Agreement and the other Borrower Loan Documents certified by the Secretary of BorrowerBorrowers; (ii) evidence of the authority and specimen signatures of the persons who have signed this Agreement and the other Borrower Loan Documents; (iii) Certificates Certificate of Existence or Certificate of Good Standing dated as of a recent date issued by the Secretary of State of Minnesota in respect each of Borrowerthe states where a Borrower is incorporated; and (iv) such other evidence of corporate authority as Agent shall reasonably require.

Appears in 1 contract

Samples: Loan Agreement (Northwest Pipe Co)

Borrower Authority. Agent shall have received in form and substance satisfactory to it (i) a copy of a resolution adopted by the Board of Directors of Borrower authorizing the execution, delivery and performance of this Agreement and the other Borrower New Loan Documents certified by the Secretary of Borrower; (ii) evidence of the authority and specimen signatures of the persons who have signed this Agreement and the other Borrower New Loan Documents; (iii) Certificates a Certificate of Good Standing dated as of a recent date issued by the Secretary of State of Minnesota Washington in respect of Borrower; and (iv) such other evidence of corporate authority as Agent shall reasonably require.

Appears in 1 contract

Samples: Credit Agreement (Flow International Corp)

Borrower Authority. Agent shall have received in form and substance satisfactory to it (i) a copy of a resolution adopted by the Board of Directors of Borrower authorizing the execution, delivery and performance of this Agreement and the other Borrower Loan Documents certified by the Secretary of Borrower; (ii) evidence of the authority and specimen signatures of the persons who have signed this Agreement and the other Borrower Loan Documents; (iii) Certificates a Certificate of Good Standing dated as of a recent date issued by the Secretary of State of Minnesota Washington in respect of Borrower; and (iv) such other evidence of corporate authority as Agent shall reasonably require.

Appears in 1 contract

Samples: Credit Agreement (Flow International Corp)

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Borrower Authority. Agent shall have received in form and substance reasonably satisfactory to it (i) a copy of a resolution adopted by the Board of Directors of Borrower authorizing the execution, delivery and performance of this Agreement and the other Borrower Loan Documents certified by the Secretary of Borrower; (ii) evidence of the authority and specimen signatures of the persons who have signed this Agreement and the other Borrower Loan Documents; (iii) Certificates a Certificate of Good Standing Existence dated as of a recent date issued by the Secretary of State the state of Minnesota Oregon in respect of Borrower; and (iv) such other evidence of corporate authority as Agent shall reasonably require.

Appears in 1 contract

Samples: Loan Agreement (Merix Corp)

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