Directors’ Resolutions – Purchaser Sample Clauses
The 'Directors’ Resolutions – Purchaser' clause outlines the requirement for the purchaser’s board of directors to formally approve certain actions or transactions related to the agreement. Typically, this involves the board passing a resolution authorizing the purchase, the execution of relevant documents, or the performance of specific obligations under the contract. This clause ensures that the purchaser’s commitments are properly sanctioned at the highest level of corporate governance, thereby reducing the risk of unauthorized actions and providing assurance to the other party that the purchaser is legally bound by the agreement.
Directors’ Resolutions – Purchaser. The Vendor will have received copies of resolutions duly adopted by the board of directors of the Purchaser approving the execution and delivery of this Agreement and the consummation of the transactions contemplated herein.