Common use of Corporate authorities Clause in Contracts

Corporate authorities. A copy, certified by a director or the secretary of the Security Party or Commercial Party in question as true, complete, accurate and neither amended nor revoked, of a resolution of the directors of each Security Party and each Commercial Party (together, where appropriate, with signed waivers of notice of any directors' meetings) approving, and authorising or ratifying the execution of, those of the Security Documents to which that Security Party or that Commercial Party (as the case may be) is or is intended to be a party and all matters incidental thereto.

Appears in 1 contract

Samples: Loan Facility Agreement (Arlington Tankers Ltd.)

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Corporate authorities. A copy, certified by a director or the secretary of the Security Party or Commercial Party in question as true, complete, accurate and neither amended nor revoked, of a resolution of the directors and a resolution of the shareholders of each Security Party and each Commercial Party (together, where appropriate, with signed waivers of notice of any directors' or shareholders' meetings) approving, and authorising or ratifying the execution of, those of the Security Documents and each Drawdown Notice to which that Security Party or that Commercial Party (as the case may be) is or is intended to be a party and all matters incidental thereto.

Appears in 1 contract

Samples: Loan Facility Agreement (Teekay Offshore Partners L.P.)

Corporate authorities. A copy, certified by a director or the secretary of the Security Party or Commercial Party in question as true, complete, accurate and neither amended nor revoked, of a resolution of the directors and a resolution of the shareholders of each Security Party and each Commercial Party (together, where appropriate, with signed waivers of notice of any directors' or shareholders' meetings) approving, and authorising or ratifying the execution of, those of the Security Documents to which that Security Party or that Commercial Party (as the case may be) is or is intended to be a party and all matters incidental thereto.

Appears in 1 contract

Samples: Secured Loan Facility Agreement (Euroseas Ltd.)

Corporate authorities. A copy, certified by a director or the secretary of the Security Party or Commercial Party in question as true, complete, accurate and neither amended nor revoked, of a resolution of the directors and (other than the Guarantor) a resolution of the shareholders of each Security Party and each Commercial Party (together, where appropriate, with signed waivers of notice of any directors' or shareholders' meetings) approving, and authorising or ratifying the execution of, those of the Security Documents and each Drawdown Notice to which that Security Party or that Commercial Party (as the case may be) is or is intended to be a party and all matters incidental thereto.

Appears in 1 contract

Samples: Loan Agreement (Stolt Comex Seaway S A)

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Corporate authorities. A copy, certified by a director or the secretary of the Security Party or Commercial Party in question as true, complete, accurate and neither amended nor revoked, of a resolution of the directors and (other than the Guarantors) a resolution of the shareholders of each Security Party and each Commercial Party (together, where appropriate, with signed waivers of notice of any directors' or shareholders' meetings) approving, and authorising or ratifying the execution of, those of the Security Documents and each Drawdown Notice to which that Security Party or that Commercial Party (as the case may be) is or is intended to be a party and all matters incidental thereto.

Appears in 1 contract

Samples: Loan Facility Agreement (Stolt Offshore S A)

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