Guarantors’ Resolutions Sample Clauses
The Guarantors’ Resolutions clause establishes the requirement for formal decisions or approvals to be made by the guarantors, typically through written resolutions or meetings. In practice, this clause outlines the procedures by which guarantors must agree on certain actions, such as amending the guarantee, waiving obligations, or authorizing specific transactions. By setting out these procedures, the clause ensures that all guarantors act collectively and transparently, thereby preventing unilateral decisions and promoting coordinated action among the parties involved.
Guarantors’ Resolutions. There shall have been delivered to Agent (with sufficient copies for distribution to all Lenders), with respect to each Guarantor which has not previously delivered such documents to Agent, in form and substance satisfactory to Agent and its counsel, a copy of a resolution or resolutions passed by the Board of Directors (or similar body) of each Guarantor (or, with respect to a Guarantor which is a partnership, of such Guarantor’s general partner), certified by the Secretary or an Assistant Secretary of such Guarantor (or general partner) as being in full force and effect on the Closing Date, authorizing the execution, delivery and performance of the Collateral Documents to which it is a party;
Guarantors’ Resolutions. The Lender shall have received a copy, certified to the Lender as true and correct as of the date hereof by each Guarantor, of the resolutions of such Guarantor authorizing the execution and delivery of the Guaranty signed by it and designating by name and title the officers who are authorized to sign such Guaranty.
Guarantors’ Resolutions. There shall have been delivered to Agent (with sufficient copies for distribution to all Banks), in form and substance satisfactory to Agent and its counsel, a copy of a resolution or resolutions passed by the Board of Directors (or similar body) of each Guarantor (or, with respect to a Guarantor which is a partnership, of such Guarantor's general partner), certified by the Secretary or an Assistant Secretary of such Guarantor (or general partner) as being in full force and effect on the Closing Date, authorizing the execution, delivery and performance of the Collateral Documents to which it is a party;
Guarantors’ Resolutions. A certificate, certified by the Guarantor's duly elected or acting corporate secretary, stating that duly resolutions of the Board of Directors of the Guarantor have been adopted which authorize the execution and delivery of the Guaranty.
Guarantors’ Resolutions. There shall have been delivered to the Administrative Agent, with respect to each Guarantor, a copy of a resolution or resolutions passed by the Board of Directors (or similar body) of each Guarantor, certified by the Secretary or an Assistant Secretary of such Guarantor as being in full force and effect on the Closing Date, authorizing the commencement of the Cases (with respect to each such Guarantor) and execution, delivery and performance of the Collateral Documents to which it is a party.