Common use of Resolutions, Good Standing, etc Clause in Contracts

Resolutions, Good Standing, etc. Each Lender shall have received from each Loan Party a certificate, dated the Effective Date, of its Secretary, Assistant Secretary, General Partner, Member, or Manager, as applicable, as to: (a) resolutions of its board of directors (or equivalent body) then in full force and effect authorizing the execution, delivery and performance of each Loan Document to be executed by it; (b) each Organizational Document of each such Loan Party; and (c) the incumbency and signatures of each officer (including each Authorized Officer) of each such Loan Party that is authorized to act with respect to each Loan Document executed by it; upon which certificate each Lender Party may conclusively rely until it shall have received a further certificate of the Secretary, Assistant Secretary, General Partner, Member, or Manager of the relevant Loan Party canceling or amending such prior certificate. The Administrative Agent shall have received satisfactory good standing certificates for each jurisdiction where the Collateral is located and each other jurisdiction where each Loan Party is organized and is authorized (or should be authorized under Law) to conduct business.

Appears in 2 contracts

Samples: Term a 4 Loan Credit Facility (CatchMark Timber Trust, Inc.), Credit Agreement (CatchMark Timber Trust, Inc.)

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Resolutions, Good Standing, etc. Each Lender shall have received from each Loan Party a certificate, dated the Effective Date, of its Secretary, Assistant Secretary, General Partner, Member, Secretary or Manager, as applicable, Manager as to: (a) resolutions of its board Board of directors Directors (or equivalent body) then in full force and effect authorizing the execution, delivery and performance of each Loan Document to be executed by it; (b) each Organizational Document of each such Loan Party; and (c) the incumbency and signatures of each officer (including each Authorized Officer and Financial Officer) of each such Loan Party that is authorized to act with respect to each Loan Document executed by it; upon which certificate each Lender Party may conclusively rely until it shall have received a further certificate of the Secretary, Assistant Secretary, General Partner, Member, Secretary or Manager of the relevant Loan Party canceling or amending such prior certificate. The Administrative Agent shall have received satisfactory good standing certificates for each jurisdiction where the Collateral is located and each other jurisdiction where each Loan Party is organized and is authorized (or should be authorized under Lawthe Laws) to conduct business.

Appears in 2 contracts

Samples: Amendment Agreement (CatchMark Timber Trust, Inc.), Credit Agreement (CatchMark Timber Trust, Inc.)

Resolutions, Good Standing, etc. Each Lender shall have received from each Loan Party a certificate, dated the Effective Date, of its Secretary, Secretary or Assistant Secretary, General Partner, Member, or Manager, as applicable, Secretary as to: (a) resolutions of its board Board of directors Directors (or equivalent body) then in full force and effect authorizing the execution, delivery and performance of each Loan Document to be executed by it; (b) each Organizational Document of each such Loan Party; and (c) the incumbency and signatures of each officer (including each Authorized Officer and Financial Officer) of each such Loan Party that is authorized to act with respect to each Loan Document executed by it; upon which certificate each Lender Party may conclusively rely until it shall have received a further certificate of the Secretary, Secretary or Assistant Secretary, General Partner, Member, or Manager Secretary of the relevant Loan Party canceling or amending such prior certificate. The Administrative Agent shall have received satisfactory good standing certificates for each jurisdiction where the Collateral is located and each other jurisdiction where the Borrowers and each other Loan Party is are organized and is are authorized (or should be authorized under Lawthe Laws) to conduct business.

Appears in 1 contract

Samples: Credit Agreement (CatchMark Timber Trust, Inc.)

Resolutions, Good Standing, etc. Each Lender shall have received from each Loan Party a certificate, dated the Effective Initial Funding Date, of its Secretary, Secretary or Assistant Secretary, General Partner, Member, or Manager, as applicable, Secretary as to: (ai) resolutions of its board Board of directors Directors (or equivalent body) then in full force and effect authorizing the execution, delivery and performance of each Loan Document to be executed by it; (bj) each Organizational Document of each such Loan Party; and (ck) the incumbency and signatures of each officer (including each Authorized Officer and Financial Officer) of each such Loan Party that is authorized to act with respect to each Loan Document executed by it; , upon which certificate each Lender Party may conclusively rely until it shall have received a further certificate of the Secretary, Secretary or Assistant Secretary, General Partner, Member, or Manager Secretary of the relevant Loan Party canceling or amending such prior certificate. The Administrative Agent shall have received satisfactory good standing certificates for each jurisdiction where the Collateral is located and each other jurisdiction where the Borrowers and each other Loan Party is are organized and is are authorized (or should be authorized under Lawthe Laws) to conduct business.

Appears in 1 contract

Samples: Credit Agreement (Wells Timberland REIT, Inc.)

Resolutions, Good Standing, etc. Each Lender shall have received from each Loan Party a certificate, dated the Effective Date, of its Secretary, Assistant Secretary, General Partner, Member, Secretary or Manager, as applicable, Manager as to: (a) resolutions of its board Board of directors Directors (or equivalent body) then in full force and effect authorizing the execution, delivery and performance of each Loan Document to be executed by it; (b) each Organizational Document of each such Loan Party; and (c) the incumbency and signatures of each officer (including each Authorized Officer and Financial Officer) of each such Loan Party that is authorized to act with respect to each Loan Document executed by it; upon which certificate each Lender Party may conclusively rely until it shall have received a further certificate of the Secretary, Assistant Secretary, General Partner, Member, Secretary or Manager of the relevant Loan Party canceling or amending such prior certificate. The Administrative Agent shall have received satisfactory good standing certificates for each jurisdiction where the Collateral is located and each other jurisdiction where the Borrowers and each other Loan Party is are organized and is are authorized (or should be authorized under Lawthe Laws) to conduct business.

Appears in 1 contract

Samples: Joinder and Amendment Agreement (CatchMark Timber Trust, Inc.)

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Resolutions, Good Standing, etc. Each Lender shall have received from each Loan Party a certificate, dated the Effective Funding Date, of its Secretary, Secretary or Assistant Secretary, General Partner, Member, or Manager, as applicable, Secretary as to: (a) resolutions of its board Board of directors Directors (or equivalent body) then in full force and effect authorizing the execution, delivery and performance of each Loan Document to be executed by it; (b) each Organizational Document of each such Loan Party; and (c) the incumbency and signatures of each officer (including each Authorized Officer and Financial Officer) of each such Loan Party that is authorized to act with respect to each Loan Document executed by it; , upon which certificate each Lender Party may conclusively rely until it shall have received a further certificate of the Secretary, Secretary or Assistant Secretary, General Partner, Member, or Manager Secretary of the relevant Loan Party canceling or amending such prior certificate. The In addition, except as set forth in clause (c) of Section 7.1.19, the Administrative Agent shall have received satisfactory good standing certificates for each jurisdiction where the Collateral is located and each other jurisdiction where the Borrowers and each other Loan Party is are organized and is are authorized (or should be authorized under applicable Law) to conduct business.

Appears in 1 contract

Samples: Credit Agreement (Wells Timberland REIT, Inc.)

Resolutions, Good Standing, etc. Each Lender shall have received from each Loan Party a certificate, dated the Effective Funding Date, of its Secretary, Secretary or Assistant Secretary, General Partner, Member, or Manager, as applicable, Secretary as to: (a) resolutions of its board Board of directors Directors (or equivalent body) then in full force and effect authorizing the execution, delivery and performance of each Loan Document to be executed by it; (b) each Organizational Document of each such Loan Party; and (c) the incumbency and signatures of each officer (including each Authorized Officer and Financial Officer) of each such Loan Party that is authorized to act with respect to each Loan Document executed by it; , upon which certificate each Lender Party may conclusively rely until it shall have received a further certificate of the Secretary, Secretary or Assistant Secretary, General Partner, Member, or Manager Secretary of the relevant Loan Party canceling or amending such prior certificate. The In addition, the Administrative Agent shall have received satisfactory good standing certificates for each jurisdiction where the Collateral is located and each other jurisdiction where the Borrowers and each other Loan Party is are organized and is are authorized (or should be authorized under applicable Law) to conduct business.

Appears in 1 contract

Samples: Credit Agreement (Wells Timberland REIT, Inc.)

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