Common use of Evidence of Action Clause in Contracts

Evidence of Action. The Bank shall have received a certificate, dated the Effective Date, of the Secretary or Assistant Secretary of each Credit Party (i) attaching a true and complete copy of the resolutions of its board of directors or the equivalent and of all documents evidencing all necessary corporate or similar action (in form and substance satisfactory to the Bank) taken by it to authorize the Loan Documents to which it is a party and the transactions contemplated thereby, (ii) attaching a true and complete copy of its Organizational Documents, (iii) setting forth the incumbency of its officers who may sign the Loan Documents, including therein a signature specimen of such officer or officers and (iv) attaching a certificate of good standing of the Secretary of State of the jurisdiction of its formation and of each other jurisdiction in which it is qualified to do business.

Evidence of Action. The Bank shall have received a certificate, dated the Effective Date, of the Secretary or Assistant Secretary of each Credit Party the Borrower (i) attaching a true and complete copy of the resolutions of its board of directors or the equivalent and of all documents evidencing all necessary corporate or similar action (in form and substance satisfactory to the Bank) taken by it to authorize the Loan Documents to which it is a party and the transactions contemplated thereby, (ii) attaching a true and complete copy of its Organizational Documents, (iii) setting forth the incumbency of its officers who may sign the Loan Documents, including therein a signature specimen of such officer or officers and (iv) attaching a certificate of good standing of the Secretary of State of the jurisdiction of its formation and of each other jurisdiction in which it is qualified to do business.