Common use of Corporate Proceedings of the Subsidiaries Clause in Contracts

Corporate Proceedings of the Subsidiaries. Agent shall have received, with a counterpart for each Bank, a copy of the resolutions, in form and substance satisfactory to Agent, of the Board of Directors of each Subsidiary of Company which is a party to any Loan Document authorizing the execution, delivery and performance of the Loan Documents to which it is a party, certified by the secretary or an assistant secretary of each Subsidiary as of the Effective Date, which certificate shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded and are in full force and effect.

Corporate Proceedings of the Subsidiaries. Agent shall have received, with a counterpart for each Bank, a copy of the resolutions, in form and substance satisfactory to Agent, of the Board of Directors of each Subsidiary of Company which is a party to any Loan Document authorizing the execution, delivery and performance of the Loan Documents to which it is a party, certified by the secretary or an assistant secretary of each Subsidiary as of the Effective Datedate hereof, which certificate shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded and are in full force and effect.

Corporate Proceedings of the Subsidiaries. Agent shall have received, with a counterpart for each BankLender, a copy of the resolutions, in form and substance satisfactory to Agent, of the Board of Directors of each Subsidiary of Company which is a party to any Loan Document authorizing the execution, delivery and performance of the Loan Documents to which it is a party, certified by the secretary or an assistant secretary of each Subsidiary as of the Effective Date, which certificate shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded and are in full force and effect.