Common use of Corporate Proceedings of the Subsidiaries Clause in Contracts

Corporate Proceedings of the Subsidiaries. The Obligee shall have received a copy of the resolutions, in form and substance satisfactory to the Obligee and dated on or prior to the date hereof, of the Board of Directors of each Subsid- iary which is a party to any Transaction Document authorizing the execution, delivery and performance of the Transaction Doc- uments to which it is a party, certified by its secretary or an assistant secretary as of the Issuance Date, which certificate shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded and are in full force and effect and shall be in form and substance satisfac- tory to the Obligee.

Appears in 3 contracts

Samples: Secured Agreement (Apollo Real Estate Investment Fund Ii L P), Secured Agreement (Ap-Agc LLC), Secured Agreement (Apollo Real Estate Advisors Ii L P)

AutoNDA by SimpleDocs

Corporate Proceedings of the Subsidiaries. The Obligee Lender shall have received a copy of the resolutions, in form and substance satisfactory to the Obligee Lender and dated on or prior to the date hereof, of the Board of Directors of each Subsid- iary Subsidiary which is a party to any Transaction Document authorizing the execution, delivery and performance of the Transaction Doc- uments Documents to which it is a party, certified by its secretary or an assistant secretary as of the Issuance Date, which certificate shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded and are in full force and effect and shall be in form and substance satisfac- tory satisfactory to the ObligeeLender.

Appears in 1 contract

Samples: Secured Note Agreement (Atlantic Gulf Communities Corp)

AutoNDA by SimpleDocs

Corporate Proceedings of the Subsidiaries. The Obligee shall have received a copy of the resolutions, in form and substance satisfactory to the Obligee and dated on or prior to the date hereof, of the Board of Directors of each Subsid- iary Subsidiary which is a party to any Transaction Document authorizing the execution, delivery and performance of the Transaction Doc- uments Documents to which it is a party, certified by its secretary or an assistant secretary as of the Issuance Date, which certificate shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded and are in full force and effect and shall be in form and substance satisfac- tory satisfactory to the Obligee.

Appears in 1 contract

Samples: Secured Agreement (Atlantic Gulf Communities Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!