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, partners, managers or members, as the case may be, of each Borrower authorizing (i) the execution, delivery and performance of this Agreement, the Notes, 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 of each Borrower (or the General Partner of each Borrower that is a limited partnership) 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and, such certificate shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded as of the date of such certificate;

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, partners, managers or members, as the case may beapplicable, of each Borrower authorizing (i) the execution, delivery and performance of this Agreement, the Noteseach Note, any Other Documents, and any related agreements, (each a “Document” and collectively, the “Documents”), 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 (or the General Partner of each Borrower that is a limited partnership) 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and, such certificate shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded as of the date of such certificate;

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, partners, managers or members, as the case may beapplicable, of each Borrower authorizing (i) the execution, delivery and performance of this Agreement, the Noteseach Term Note, any Other Documents, and any related agreementsagreements (each, a “Document” and collectively, the “Documents”), 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 (or the General Partner of each Borrower that is a limited partnership) 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;

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, partners, managers or members, as the case may be, Directors of each Borrower and Guarantor authorizing (i) with respect to such Borrower and Guarantor the execution, delivery and performance of this AgreementAgreement and the Other Documents which such Person is a party, (collectively the Notes, and any related agreements, "Documents") and (ii) with respect to such Borrower, 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 (or the General Partner of each Borrower that is a limited partnership) and Guarantor 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;

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, partners, managers or members, as the case may be, Directors of each Borrower authorizing (i) the execution, delivery and performance of this AgreementAgreement and the Other Documents, the Notes, and any related agreements, the Stock Purchase Agreement and the Asset Purchase Agreement (collectively the "Documents") and (ii) the granting by each such 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 such Borrower (or the General Partner of each Borrower that is a limited partnership) 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;