Common use of CONDITIONS AND SECURITY Clause in Contracts

CONDITIONS AND SECURITY. 2.1 Company agrees to furnish Bank, prior to the borrowing hereunder, in form to be satisfactory to Bank, with (i) an opinion of Company's legal counsel; (ii) certified copies of resolutions of the Board of Directors of Company evidencing approval of the borrowings hereunder, (iii) certified copies of Company's Articles of Incorporation and Bylaws, and (iv) a certificate of good standing from the State of Company's incorporation and from each jurisdiction in which it is required to be qualified to do business.

Appears in 3 contracts

Samples: Loan Agreement (Art Renaissance Inc), Loan Agreement (Art Renaissance Inc), Loan Agreement (Art Renaissance Inc)

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CONDITIONS AND SECURITY. 2.1 Company agrees to furnish Bank, prior to the borrowing hereunder, in form to be satisfactory to Bank, with (i) an opinion of Company's legal counsel; (ii) certified copies of resolutions of the Board of Directors of Company evidencing approval of the borrowings hereunder, (iii) certified copies of Company's Articles of Incorporation and Bylaws, and (iv) a certificate certificates of good standing from the State of Company's incorporation and from each jurisdiction in which it is required to be qualified to do business.

Appears in 2 contracts

Samples: Loan Agreement (Starcraft Corp /In/), Loan Agreement (Starcraft Corp /In/)

CONDITIONS AND SECURITY. 2.1 Company agrees 3.1 Companies agree to furnish Bank, prior to the initial borrowing hereunder, in form to be satisfactory to Bank, with (i) an opinion of Company's legal counsel; (ii) certified copies of resolutions of the Board of Directors of Company each of the companies evidencing approval of the borrowings hereunder, (iiiii) certified copies of Company's each of the Companies' Articles of Incorporation and Bylaws, and (iviii) a certificate of good standing from the State of Company's incorporation and from each jurisdiction in which any company conducts business or in which any Company's activities require it is required to be qualified to do business.

Appears in 1 contract

Samples: Loan Agreement (Colonels International Inc)

CONDITIONS AND SECURITY. 2.1 Company agrees to furnish Bank, prior to the initial borrowing hereunder, in form to be satisfactory to Bank, with (i) an opinion of Company's legal counsel; (ii) certified copies of resolutions of all of the Board of Directors members of Company evidencing approval of the borrowings hereunder, (iiiii) certified copies of Company's Articles of Incorporation Organization and BylawsMembership Regulations, and (iviii) a certificate of good standing from the State of Company's incorporation formation and from each jurisdiction in which it is required to be qualified to do business.

Appears in 1 contract

Samples: Loan Agreement (Saturn Electronics & Engineering Inc)

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CONDITIONS AND SECURITY. 2.1 Company agrees to furnish Bank, prior to the borrowing hereunder, in form to be satisfactory to Bank, with (i) an opinion of Company's legal counsel; (ii) certified copies of resolutions of the Board of Directors members of Company evidencing approval of the borrowings hereunder, (iii) certified copies of Company's Articles of Incorporation Organization and BylawsOperating Agreement, and (iv) a certificate certificates of good standing from the State of Company's incorporation organization and from each jurisdiction in which it is required to be qualified to do business.

Appears in 1 contract

Samples: Loan Agreement (Starcraft Corp /In/)

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