Management Confirmation Clause Samples

Management Confirmation. Those person signing below as the MANAGEMENT individually agree, as Directors, they have been supplied adequate and good consideration in order that they further agree that while they serve in any capacity with the Company and while they have any relationship of stock ownership or otherwise, they shall take all action and not take any action as is necessary for the Company to honor this Agreement and that neither the Secured Party nor any affiliate has any obligation to them. J▇▇▇▇▇ ▇▇▇▇▇ represents, and agrees, that each Board member has agreed to this Section and the execution of this Agreement and the Promissory Notes and that he has authority to confirm and sign for them each.