Common use of Stock of Borrower Clause in Contracts

Stock of Borrower. Borrower has sufficient shares of Stock authorized an available to make any Stock payments set forth in this Agreement. Borrower has taken all necessary corporate action to authorize any payments hereunder to be made with shares of Stock.

Appears in 27 contracts

Samples: Secured Loan Agreement (Tanzanian Gold Corp), Secured Loan Agreement (Tanzanian Gold Corp), Secured Loan Agreement (Tanzanian Gold Corp)

AutoNDA by SimpleDocs

Stock of Borrower. Borrower has sufficient shares of Stock authorized an and available to make any Stock payments set forth in this Agreement. , Borrower has taken all necessary corporate action to authorize any payments hereunder to be made with shares of Stock.

Appears in 1 contract

Samples: Secured Gold Loan Agreement (Tanzanian Gold Corp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!