Common use of Certificates of Resolution Clause in Contracts

Certificates of Resolution. The Board of Directors of the Borrower and Guarantor and, if shareholder approval is deemed necessary by any party, the shareholders of the Borrower and Guarantor, shall have passed specific resolutions authorizing the execution and delivery of all documents and the taking of all actions called for by this Agreement, and the Borrower and Guarantor shall have furnished to the Lender copies of such resolutions, certified by its Secretary.

Certificates of Resolution. The Board of Directors of the Borrower and Guarantor and, if shareholder or member approval is deemed necessary by any party, the shareholders and members of the Borrower and Guarantor, shall have passed specific resolutions authorizing the execution and delivery of all documents and the taking of all actions called for by this Agreement, and the Borrower and Guarantor shall have furnished to the Lender copies of such resolutions, certified by its SecretarySecretary or Member.