Common use of Corporate Proceedings of the Borrower Clause in Contracts

Corporate Proceedings of the Borrower. The Lender shall have received a copy of the resolutions in form and substance reasonably satisfactory to Lender, of the Board of Directors of the Borrower authorizing (A) the execution, delivery and performance of this Agreement, and the Other Documents, and (B) the granting by Borrower of the security interests in and liens upon the Collateral in each case certified by the Secretary or an Assistant Secretary of the 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and, such certificate shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded as of the date of such certificate;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: Financing Agreement (Chaus Bernard Inc)

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Corporate Proceedings of the Borrower. The Lender Administrative Agent shall have received a copy of the resolutions in form and substance reasonably satisfactory to Lenderthe Administrative Agent, of the Board of Directors or managers, as applicable, of the Borrower authorizing (Ai) the execution, delivery and performance of this Agreement, Agreement and the Other Documents, Documents and (Bii) the granting by the Borrower of the security interests in and liens upon the Collateral in each case certified by the Secretary or an Assistant Secretary of the 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and, such certificate shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded as of the date of such certificate;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: And Security Agreement (McMS Inc /De/)

Corporate Proceedings of the Borrower. The Lender shall have received a copy of the resolutions in form and substance reasonably satisfactory to Lender, of the Board of Directors of the Borrower authorizing (Ai) the execution, delivery and performance of this Agreement, and any related agreements, (collectively the Other "Documents, ") and (Bii) the granting by the Borrower of the security interests in and liens upon the Collateral in each case certified by the Secretary or an Assistant Secretary of the 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and, such certificate shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded as of the date of such certificate;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: Revolving Credit, Term Loan and Security Agreement (Tii Industries Inc)

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Corporate Proceedings of the Borrower. The Lender shall have received a copy of the resolutions in form and substance reasonably satisfactory to the Lender, of the Board of Directors directors of the Borrower authorizing (Ai) the execution, delivery and performance of this Agreement, and the Other DocumentsDocuments signed by it, any related agreements, and (Bii) the granting by the Borrower of the security interests in and liens Liens upon the Collateral Collateral, the GABD, the GSA and the Mortgage in each case certified by the Secretary or an Assistant Secretary of the 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 Agreement (Cold Metal Products Inc)

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