Common use of Proof of Corporate Action Clause in Contracts

Proof of Corporate Action. Lender shall have received from Borrower a copy, certified by a duly authorized officer to be true and complete on and as of the date which is not more than ten (10) Business Days prior to the date hereof, of the records of all corporate action taken by Borrower to authorize (a) its execution and delivery of each of the Loan Documents to which it is or is to become a party as contemplated or required by this Agreement, (b) its performance of all of its agreements and obligations under each of such documents, and (c) the incurring of the Obligations contemplated by this Agreement.

Appears in 10 contracts

Samples: Loan and Security Agreement (Mint Leasing Inc), Loan and Security Agreement (Reeds Inc), Loan and Security Agreement (Emagin Corp)

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Proof of Corporate Action. The Lender shall have ------------------------- received from the Borrower a copy, certified by a duly authorized officer to be true and complete on and as of the date which is not more than ten (10) Business Days prior to the date hereofClosing Date, of the records of all corporate action taken by the Borrower to authorize (a) its execution and delivery of each of the Loan Documents to which it is or is to become a party as contemplated or required by this Agreement, (b) its performance of all of its agreements and obligations under each of such documents, and (c) the incurring of the Obligations obligations contemplated by this Agreement.

Appears in 1 contract

Samples: Credit and Security Agreement (Cadapult Graphic Systems Inc)

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Proof of Corporate Action. Lender shall have received from Borrower a copy, certified by a duly authorized officer to be true and complete on and as of the date which is not more than ten (10) Business Days prior to the date hereof, of the records of all corporate action taken by Borrower to authorize (a) its execution and delivery of each of the Loan Documents to which it is or is to become a party as contemplated or required by this Agreement, (bAgreement,(b) its performance of all of its agreements and obligations under each of such documents, and (c) the incurring of the Obligations contemplated by this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Intek Diversified Corp)

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