Common use of Corporate Proceedings of Borrowers Clause in Contracts

Corporate Proceedings of Borrowers. Agent shall have received a copy of the resolutions in form and substance reasonably satisfactory to Agent, of the board of directors or managers of each Borrower authorizing (i) the execution, delivery and performance of this Agreement and the Other Documents, and (ii) the granting by each Borrower of the security interests in and liens upon the Collateral in each case certified by the Secretary or an Assistant Secretary of each Borrower as of the Closing Date; and, such certificate shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded as of the date of such certificate;

Appears in 1 contract

Samples: Security Agreement (Sypris Solutions Inc)

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Corporate Proceedings of Borrowers. The Agent shall have received a copy of the resolutions in form and substance reasonably satisfactory to the Agent, of the board Board of directors or managers Directors of each Borrower authorizing (i) the execution, delivery and performance of this Agreement Agreement, the Notes, and the Other Documentsany related agreements, and (ii) the granting by each Borrower of the security interests in and liens Liens upon the Collateral in each case certified by the Secretary or an Assistant Secretary of each Borrower as of the Closing Date; and, such certificate shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded as of the date of such certificate;

Appears in 1 contract

Samples: Security Agreement (Lesco Inc/Oh)

Corporate Proceedings of Borrowers. Agent shall have received a copy of the resolutions in form and substance reasonably satisfactory to Agent, of the board of directors or managers of each Borrower authorizing (i) the execution, delivery and performance of this Agreement and the Other Documents, Documents and (ii) the granting by each Borrower of the security interests in and liens upon the Collateral in each case certified by the Secretary or an Assistant Secretary of each Borrower as of the Closing Restatement Date; and, such certificate shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded as of the date of such certificate;

Appears in 1 contract

Samples: , and Security Agreement (Rocky Brands, Inc.)

Corporate Proceedings of Borrowers. Agent shall have received a copy of the resolutions in form and substance reasonably satisfactory to Agent, of the board Board of directors or managers Directors of each Borrower authorizing (i) the execution, delivery and performance of this Agreement Agreement, and the Other Documents, Documents and (ii) the granting by each Borrower of the security interests in and liens upon the Collateral in each case certified by the Secretary or an Assistant Secretary of each Borrower as of the Closing Date; and, such certificate shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded as of the date of such certificate;

Appears in 1 contract

Samples: Credit and Security Agreement (Vista Information Solutions Inc)

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Corporate Proceedings of Borrowers. Agent shall have received a copy of the resolutions in form and substance reasonably satisfactory to Agent, of the board Board of directors or managers Directors of each Borrower authorizing (i) the execution, delivery and performance of this Agreement and Agreement, the Other Documents, Documents and any related agreements and (ii) the granting by each Borrower of the security interests in and liens upon the Collateral in each case certified by the Secretary or an Assistant Secretary of each Borrower as of the Closing Date; and, such certificate shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded as of the date of such certificate;

Appears in 1 contract

Samples: Security Agreement (Robotic Vision Systems Inc)

Corporate Proceedings of Borrowers. Agent shall have received a copy of the resolutions in form and substance reasonably satisfactory to Agent, of the board Board of directors or managers Directors of each Borrower authorizing (i) the execution, delivery and performance of this Agreement the Loan Documents and the Other Documents, Acquisition Agreement and (ii) the granting by each Borrower of the security interests in and liens upon the Collateral in each case certified by the Secretary or an Assistant Secretary of each Borrower as of the Closing Date; and, such certificate shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded as of the date of such certificate;.

Appears in 1 contract

Samples: Loan and Security Agreement (Lets Talk Cellular & Wireless Inc)

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