Common use of Corporate Proceedings of the Loan Parties Clause in Contracts

Corporate Proceedings of the Loan Parties. The Agent shall have received a copy of the resolutions in form and substance reasonably satisfactory to the Agent, of the Board of Directors, Managers or Members, as the case may be, of each Loan Party authorizing (i) the execution, delivery and performance of this Agreement, the Notes, and any related agreements, and (ii) the granting by such Loan Party of the security interests in and Liens upon the Collateral, in each case, certified by an Authorized Officer of such Loan Party 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and, such certificate shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded as of the date of such certificate;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 4 contracts

Samples: Credit and Security Agreement (Ramaco Resources, Inc.), Credit and Security Agreement (Ramaco Resources, Inc.), Credit and Security Agreement (Ramaco Resources, Inc.)

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Corporate Proceedings of the Loan Parties. The Agent shall have received a copy of the resolutions or other corporate proceedings or action, in form and substance reasonably satisfactory to the Agent, taken on behalf of each of the Board of Directors, Managers or Members, as Borrower and the case may be, of each other Loan Party Parties authorizing (i) the execution, delivery and performance of this Agreement, the Notes, Notes and any related agreements, the other Loan Documents to which it is a party and (ii) the granting by such Loan Party of the security interests in borrowings and Liens upon the Collateral, in each caseguaranties contemplated hereby, certified by an Authorized a Responsible Officer of such the Borrower or other Loan Party Party, as the case may be, as of the Closing Date; and, such which certificate shall state that the resolutions such resolutions, or other proceedings or action thereby certified have not been amended, modified, revoked or rescinded as of and shall be in form and substance satisfactory to the date of such certificate;Agent.

Appears in 2 contracts

Samples: Credit Agreement (Aqua America Inc), Credit Agreement (Aqua America Inc)

Corporate Proceedings of the Loan Parties. The Administrative Agent shall have received a copy of the resolutions in form and substance reasonably satisfactory to the Agent, of the Board board of Directors, Managers or Members, as the case may be, directors of each Loan Party authorizing authorizing, as applicable, (i) the execution, delivery delivery, and performance of this Agreement, Agreement and the Notes, other Loan Documents and any related agreementsthe Transaction Documents to which it is or will be a party as of the Closing Date, and (ii) in the granting by such Loan Party case of the security interests in and Liens upon Company, the Collateral, in each caseLoans to the Company, certified by the Secretary or an Authorized Officer Assistant Secretary of such Loan Party as of the Closing Date; and, such 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 as of the date of such certificate;and are in full force and effect.

Appears in 1 contract

Samples: Term Loan Agreement (Global Aero Logistics Inc.)

Corporate Proceedings of the Loan Parties. The Administrative Agent shall have received received, with a counterpart for each Lender, a copy of the resolutions resolutions, in form and substance reasonably satisfactory to the Administrative Agent, of the Board of Directors, Managers or Members, as the case may be, Directors of each Loan Party authorizing (i) the execution, delivery and performance of this Agreement, the Notes, and any related agreements, Notes and/or the other Loan Documents to which it is a party and (ii) in the granting by such Loan Party case of the security interests in and Liens upon Borrower, the Collateral, in each caseborrowings contemplated hereunder, certified by the Secretary or an Authorized Officer Assistant Secretary of such Loan Party as of the Closing Date; and, such which certificate shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded as of and are in full force and effect, and shall be in form and substance satisfactory to the date of such certificate;Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (General Cigar Holdings Inc)

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Corporate Proceedings of the Loan Parties. The Agent shall have received received, with a counterpart for each Lender, a copy of the resolutions resolutions, in form and substance reasonably satisfactory to the Agent, of the Board of Directors, Managers or Members, as the case may be, Directors of each of the Loan Party Parties authorizing (i) the execution, delivery and performance of this Agreement, the Notes, Notes and any related agreementsthe other Loan Documents to which each is a party, and (ii) the granting borrowings or guarantees, as applicable, contemplated hereunder certified by such Loan Party the Secretary or an Assistant Secretary of each of the security interests in and Liens upon the Collateral, in each case, certified by an Authorized Officer of such Loan Party Parties as of the Closing Effective Date; and, such which certificate shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded as of and shall be in form and substance satisfactory to the date of such certificate;Agent.

Appears in 1 contract

Samples: Pledge Agreement (Oro Spanish Broadcasting Inc)

Corporate Proceedings of the Loan Parties. The Agent Lender shall have received a copy of the resolutions in form and substance reasonably satisfactory to the AgentLender, of the Board of Directors, Managers or Members, as the case may be, of each Loan Party authorizing (i) the execution, delivery and performance of this Agreement, the Notes, and any related agreements, and (ii) the granting by such Loan Party of the security interests in and Liens upon the Collateral, in each case, certified by an Authorized Officer of such Loan Party 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 (CVSL Inc.)

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