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

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 Administrative Agent, of the board of directors of each Loan Party authorizing, as applicable, (i) the execution, delivery and performance of this Amendment, any Tranche B Term Notes, the Reaffirmation, the Mortgage Amendment and the other Loan Documents to which will become a party as of the Tranche B Effective Date and (ii) the Extensions of Credit to such Loan Party (if any) contemplated hereunder, certified by the Secretary or an Assistant Secretary of such Loan Party as of the 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not been amended, modified (except as any later such resolution may modify any earlier such resolution), revoked or rescinded and are in full force and effect.

Appears in 2 contracts

Samples: Credit Agreement (Riverwood Holding Inc), Credit Agreement (Riverwood Holding Inc)

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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 Administrative Agent, of the board of directors of each Loan Party authorizing, as applicable, (i) the execution, delivery and performance of this Amendment, any Notes evidencing the Replacement Tranche B C Term NotesLoans, the Reaffirmation, the Mortgage Amendment Reaffirmation and the other Loan Documents to which such Loan Party will become a party as of the Replacement Tranche B C Effective Date and (ii) the Extensions extensions of Credit credit to such Loan Party (if any) contemplated hereunder, certified by the Secretary or an Assistant Secretary of such Loan Party as of the Replacement Tranche B C 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not been amended, modified (except as any later such resolution may modify any earlier such resolution), revoked or rescinded and are in full force and effect.

Appears in 1 contract

Samples: Reaffirmation Agreement (National Waterworks Inc)

Corporate Proceedings of the Loan Parties. The Administrative Agent shall have received received, with a copy for each Lender, a copy of the resolutions, in form and substance reasonably satisfactory to the Administrative Agent, of the board Board of directors Directors of each Loan Party authorizing, as applicable, (i) the execution, delivery and performance of this AmendmentAgreement, any Tranche B Term Notes, the Reaffirmation, the Mortgage Amendment Notes and the other Loan Documents to which it is or will become be a party as of the Tranche B Effective Date and party, (ii) the Extensions of Credit contemplated hereunder and (iii) the granting by it of the Liens to such Loan Party (if any) contemplated hereunderbe created pursuant to the Security Documents to which it will be a party, certified by the Secretary or an Assistant Secretary of such Loan Party Person as of the 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 (except as any later such resolution may modify any earlier such resolution), revoked or rescinded and are in full force and effecteffect as of the Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Us Office Products Co)

Corporate Proceedings of the Loan Parties. The Administrative Agent shall have received received, with a copy for each Lender, a copy of the resolutions, in form and substance reasonably satisfactory to the Administrative Agent, of the board Board of directors Directors of each Loan Party authorizing, as applicable, (i) the execution, delivery and performance of this AmendmentAgreement, any Tranche B Term Notes, the Reaffirmation, the Mortgage Amendment Notes and the other Loan Documents to which it is or will become be a party as of the Tranche B Effective Date and party, (ii) the Extensions of Credit contemplated hereunder and (iii) the granting by it of the Liens to such Loan Party (if any) contemplated hereunderbe created pursuant to the Security Documents to which it will be a party, certified by the Secretary or an Assistant Secretary of such Loan Party Person as of the 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 (except as any later such resolution may modify any earlier such resolution), revoked or rescinded and are in full force and effect.

Appears in 1 contract

Samples: Credit Agreement (Relocation Management Systems Inc)

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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 Administrative Agent, of the board of directors of each Loan Party authorizing, as applicable, (i) the execution, delivery and performance of this Amendment, any Replacement Tranche B Term Notes, the Reaffirmation, the Mortgage Amendment Reaffirmation and the other Loan Documents to which such Loan Party will become a party as of the Replacement Tranche B Effective Date and (ii) the Extensions of Credit to such Loan Party (if any) contemplated hereunder, certified by the Secretary or an Assistant Secretary of such Loan Party as of the Replacement 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 (except as any later such resolution may modify any earlier such resolution), revoked or rescinded and are in full force and effect.

Appears in 1 contract

Samples: Credit Agreement (National Waterworks Inc)

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