Corporate Proceedings of Subsidiaries. The Lenders shall have received a copy of the resolutions, in form and substance satisfactory to the Lenders, of the Board of Directors of each Subsidiary of the Borrower which is a party to a Loan Document authorizing (i) the execution, delivery and performance of the Loan Documents to which it is a party and (ii) the granting by it of the Liens created pursuant to the Subsidiaries Security Documents to which it is a party, certified by the Secretary or an Assistant Secretary of each such Subsidiary as of the Closing Date, which certificate shall be in form and substance satisfactory to the Lenders and shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded.
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Samples: Term Loan Agreement (Sandler Capital Management), Acquisition Loan Agreement (Infocrossing Inc), Term Loan Agreement (Infocrossing Inc)
Corporate Proceedings of Subsidiaries. The Lenders Lender shall have received a copy of the resolutions, in form and substance reasonably satisfactory to the LendersLender, of the Board of Directors of each Subsidiary of the Borrower which is a party to a Loan Document authorizing (i) the execution, delivery and performance of the Loan Financing Documents to which it is a party and (ii) the granting by it of the Liens created pursuant to the Subsidiaries Security Documents to which it is a party, all as certified by the Secretary or an Assistant Secretary of each such Subsidiary as of the Closing Date, which certificate shall be in form and substance reasonably satisfactory to the Lenders Lender and shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded.
Appears in 2 contracts
Samples: Credit Agreement (Centennial Technologies Inc), Credit Agreement (Cubist Pharmaceuticals Inc)
Corporate Proceedings of Subsidiaries. The Lenders shall have received a copy of the resolutions, in form and substance satisfactory to the Lenders, of the Board of Directors of each Subsidiary of the Borrower which is a party to a Loan Document authorizing (i) the execution, delivery and performance of the Loan Documents and the SMS Acquisition Documents to which it is a party and (ii) the granting by it of the Liens created pursuant to the Subsidiaries Security Documents to which it is a party, certified by the Secretary or an Assistant Secretary of each such Subsidiary as of the Closing Restatement Effective Date, which certificate shall be in form and substance satisfactory to the Lenders and shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded.
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Corporate Proceedings of Subsidiaries. The Lenders Lender shall have ------------------------------------- received a copy of the resolutions, in form and substance reasonably satisfactory to the LendersLender, of the Board of Directors of each Subsidiary of the Borrower which is a party to a Loan Document authorizing (i) the execution, delivery and performance of the Loan Financing Documents to which it is a party and (ii) the granting by it of the Liens created pursuant to the Subsidiaries Security Documents to which it is a party, all as certified by the Secretary Clerk or an Assistant Secretary Clerk of each such Subsidiary as of the Closing Date, which certificate shall be in form and substance reasonably satisfactory to the Lenders Lender and shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded.
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