Common use of Borrower's Organizational Documents And Resolutions Clause in Contracts

Borrower's Organizational Documents And Resolutions. (i) A certified copy from the appropriate governmental body of organizational documents of Borrower, certifying that Borrower is duly organized, validly existing, and in good standing under the state of its existence, (ii) evidence that Borrower has the authority under such documents and laws to enter into the Loan as contemplated by the Loan Documents, and (iii) if applicable, evidence that Borrower has made all appropriate filings, including without limitation, qualification to do business in the state where the Land is located, the state of its organization or domicile, and Florida, necessary to enter into the Loan and execute the Loan Documents. Additionally, Borrower shall provide (i) certified resolutions or other corporate documents of Borrower evidencing that Borrower has taken all requisite corporate action, and received all corporate approvals necessary to enter into the Loan and execute the Loan Documents, and (ii) such other documents or writings as Bank may reasonably request.

Appears in 2 contracts

Samples: Credit Agreement (CNL Health Care Properties Inc), Loan Agreement (CNL Health Care Properties Inc)

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Borrower's Organizational Documents And Resolutions. (i) A certified copy copy, from the appropriate governmental body or corporate officer, of organizational documents of Borrower, and any partner of Borrower, as appropriate, certifying that Borrower and/or such partner (i) is duly organized, validly existing, and in good standing under the state of its existence, (ii) evidence that Borrower has the authority under such documents and laws to enter into the Loan as contemplated by the Loan Documents, and (iii) if applicable, evidence that Borrower has made all appropriate filings, including without limitation, qualification to do business in the state where the Land is located, the state State of its organization or domicile, and Florida, necessary to enter into the Loan and execute the Loan Documents. Additionally, Borrower shall provide (i) if appropriate, certified resolutions or other corporate internal documents or writing of Borrower and such partner evidencing that Borrower has and such partner have taken all requisite corporate organizational action, and received all corporate organizational approvals necessary to enter into the Loan and execute the Loan Documents, and (ii) such other documents or writings as Bank may reasonably request.

Appears in 2 contracts

Samples: Guaranty Agreement (Transeastern Properties Inc), Master Loan Agreement (International American Homes Inc)

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Borrower's Organizational Documents And Resolutions. (i) A certified copy from the appropriate governmental body of organizational documents of Borrower, certifying that Borrower is duly organized, validly existing, and in good standing under the state of its existence, (ii) evidence that Borrower has the authority under such documents and laws to enter into the Loan as contemplated by the Loan Documents, and (iii) if applicable, evidence that Borrower has made all appropriate filings, including without limitation, qualification to do business in the state where the Land is located, the state of its organization or domicile, and Florida, necessary to enter into the Loan and execute the Loan Documents. Additionally, Borrower shall provide (i) certified resolutions or other corporate documents of Borrower evidencing that Borrower has have taken all requisite corporate action, and received all corporate approvals necessary to enter into the Loan and execute the Loan Documents, and (ii) such other documents or writings as Bank may reasonably request.

Appears in 1 contract

Samples: CNL Hospitality Properties Inc

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