Common use of Corporate Proceedings of the Borrower Clause in Contracts

Corporate Proceedings of the Borrower. The Administrative Agent shall have received, with a counterpart for each Lender, a copy of the resolutions, in form and substance reasonably satisfactory to the Administrative Agent, of the Board of Directors of the Borrower authorizing (i) the execution, delivery and performance of the Credit Documents to which it is a party, (ii) the borrowings contemplated hereunder, and (iii) the stock pledges pursuant to the Borrower Pledge Agreement, certified by the Secretary or an Assistant Secretary of the Borrower as of the Closing Date, which certificate shall be in form and substance reasonably satisfactory to the Administrative Agent and shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded.

Appears in 8 contracts

Samples: Credit Agreement (L 3 Communications Corp), Subsidiary Guarantee Agreement (L 3 Communications Corp), Credit Agreement (L 3 Communications Corp)

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Corporate Proceedings of the Borrower. The Administrative Agent shall have received, with a counterpart for each Lender, a copy of the resolutions, in form and substance reasonably satisfactory to the Administrative Agent, of the Board of Directors of the Borrower authorizing (i) the execution, delivery and performance of this Agreement and the Credit other Loan Documents to which it is a party, (ii) the borrowings contemplated hereunder, hereunder and (iii) the stock pledges granting by it of the Liens created pursuant to the Borrower Pledge AgreementSecurity Documents, certified by the Secretary or an Assistant Secretary of the Borrower as of the Closing Date, which certificate shall be in form and substance reasonably satisfactory to the Administrative Agent and its counsel and shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded.

Appears in 5 contracts

Samples: Credit Agreement (Paxson Communications Corp), Credit Agreement (Paxson Communications Corp), Credit Agreement (Paxson Communications Corp)

Corporate Proceedings of the Borrower. The Administrative Agent shall have received, with a counterpart for each Lender, a copy of the resolutions, in form and substance reasonably satisfactory to the Administrative Agent, of the Board of Directors of the Borrower authorizing (i) the execution, delivery and performance of this Agreement and the Credit other Loan Documents to which it is a party, (ii) the borrowings contemplated hereunder, hereunder and (iii) the stock pledges granting by it of the Liens created pursuant to the Borrower Pledge AgreementSecurity Documents, certified by the Secretary or an Assistant Secretary of the Borrower as of the Closing Date, which certificate shall be in form and substance reasonably satisfactory to the Administrative Agent and shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded.

Appears in 3 contracts

Samples: Credit Agreement (Astor Holdings Ii Inc), Credit Agreement (Envirosource Inc), Credit Agreement (Core Mark International Inc)

Corporate Proceedings of the Borrower. The Administrative Agent shall have received, with a counterpart for each Lender, a copy of the resolutions, in form and substance reasonably satisfactory to the Administrative Agent, of the Board of Directors of the Borrower authorizing (i) the execution, delivery and performance of the Credit Documents and Acquisition Documents to which it is a party, (ii) the borrowings contemplated hereunder, and (iii) the stock pledges pursuant to the Borrower Pledge Agreement, certified by the Secretary or an Assistant Secretary of the Borrower as of the Closing Date, which certificate shall be in form and substance reasonably satisfactory to the Administrative Agent and shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded.

Appears in 2 contracts

Samples: Credit Agreement (L 3 Communications Corp), Parent Guarantee Agreement (L 3 Communications Corp)

Corporate Proceedings of the Borrower. The Administrative Agent shall have received, with a counterpart for each Lender, a copy of the resolutions, in form and substance reasonably satisfactory to the Administrative Agent, of the Board of Directors of the Borrower authorizing (i) the execution, delivery and performance of this Agreement and the Credit other Loan Documents to which it is a party, (ii) the borrowings contemplated hereunder, hereunder and (iii) the stock pledges granting by it of the Liens created pursuant to the Borrower Pledge AgreementSecurity Documents, certified by the Secretary or an Assistant Secretary of the Borrower as of the Closing Date, which certificate shall be in form and substance reasonably satisfactory to the Administrative Agent and shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded.

Appears in 2 contracts

Samples: Credit Agreement (National Education Corp), Credit Agreement (National Education Corp)

Corporate Proceedings of the Borrower. The Administrative Agent shall have received, with a counterpart copy for each Lender, a copy of the resolutions, in form and substance reasonably satisfactory to the Administrative Agent, of the Board of Directors of the Borrower authorizing (i) the execution, delivery and performance of this Agreement and the Credit other Loan Documents to which it is a party, party (ii) the borrowings Extensions of Credit contemplated hereunder, hereunder and (iii) the stock pledges granting by it of the Liens created pursuant to the Borrower Pledge AgreementSecurity Documents, certified by the Secretary or an Assistant Secretary of the Borrower as of the Closing Effective Date, which certificate shall be in form and substance reasonably satisfactory to the Administrative Agent and shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded.

Appears in 2 contracts

Samples: Credit Agreement (Service Merchandise Co Inc), Credit Agreement (Service Merchandise Co Inc)

Corporate Proceedings of the Borrower. The Administrative Agent shall have received, with a counterpart copy for each Lender, a copy of the resolutions, in form and substance reasonably satisfactory to the Administrative Agent, of the Board of Directors of the Borrower authorizing (i) the execution, delivery and performance of this Agreement and the Credit other Loan Documents to which it is a party, party (ii) the borrowings Extensions of Credit contemplated hereunder, hereunder and (iii) the stock pledges granting by it of the Liens created pursuant to the Borrower Pledge AgreementSecurity Documents, certified by the Secretary or an Assistant Secretary of the Borrower as of the Closing Date, which certificate shall be in form and substance reasonably satisfactory to the Administrative Agent and shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded.

Appears in 1 contract

Samples: Credit Agreement (Service Merchandise Co Inc)

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Corporate Proceedings of the Borrower. The Administrative Agent shall have received, with a counterpart for each Lender, a copy of the resolutions, in form and substance reasonably satisfactory to the Administrative Agent, of the Board of Directors of the Borrower authorizing (i) the execution, delivery and performance of this Amendment and the Credit other Loan Documents to which it is a party, party delivered in connection with this Amendment and (ii) the borrowings granting of the Liens contemplated of it hereunder, and (iii) the stock pledges pursuant to the Borrower Pledge Agreement, certified by the Secretary or an Assistant Secretary of the Borrower as of the Closing Tranche B Effective Date, which certificate shall be in form and substance reasonably satisfactory to the Administrative Agent and shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Dal Tile International Inc)

Corporate Proceedings of the Borrower. The Administrative Agent ------------------------------------- shall have received, with a counterpart copy for each Lender, a copy of the resolutions, in form and substance reasonably satisfactory to the Administrative Agent, of the Board of Directors of the Borrower authorizing (i) the execution, delivery and performance of this Agreement, the Revolving Credit Documents Notes to be delivered pursuant to clause (a) of this subsection 6.1 and the other related documents to which it is or will be a party, (ii) the borrowings contemplated hereunder, and (iii) the stock pledges pursuant to the Borrower Pledge Agreement, certified by the Secretary or an Assistant Secretary of the Borrower as of the Closing Effective Date, which certificate shall be in form and substance reasonably satisfactory to the Administrative Agent and shall state that the resolutions thereby certified have not been amended, modifiedmodified (except as any later such resolution may modify any earlier such resolution), revoked or rescinded.

Appears in 1 contract

Samples: Credit Agreement (CDW Holding Corp)

Corporate Proceedings of the Borrower. The Administrative Agent shall have received, with a counterpart for each Lender, a copy of the resolutions, in form and substance reasonably satisfactory to the Administrative Agent, of the Board of Directors (or similar governing body) of the Borrower authorizing (i) the execution, delivery and performance of the Credit Documents to which it is a partyLoan Documents, (ii) the borrowings contemplated hereunder, hereunder and (iii) the stock pledges granting by it of the Liens created pursuant to the Borrower Pledge Agreement, certified by the Secretary or an Assistant Secretary of the Borrower as of the Closing Date, which certificate shall be in form and substance reasonably satisfactory to the Administrative Agent and shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded.

Appears in 1 contract

Samples: Credit Agreement (Affiliated Managers Group Inc)

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