Common use of By-laws; Resolutions Clause in Contracts

By-laws; Resolutions. All action on the part of the Borrower and MCRC necessary for the valid execution, delivery and performance by the Borrower and MCRC of this Agreement and the other Loan Documents to which any of them is or is to become a party as of the Closing Date shall have been duly and effectively taken, and evidence thereof satisfactory to the Lenders shall have been provided to the Administrative Agent. Without limiting the foregoing, the Administrative Agent shall have received from MCRC true copies of its by-laws and the resolutions adopted by its board of directors authorizing the transactions described herein and evidencing the due authorization, execution and delivery of the Loan Documents to which MCRC and the Borrower are a party, each certified by the secretary as of a recent date to be true and complete.

Appears in 4 contracts

Samples: Credit Agreement (Mack Cali Realty L P), Term Loan Agreement (Mack Cali Realty L P), Credit Agreement (Mack Cali Realty L P)

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