Common use of Subsidiary Incumbency Certificates Clause in Contracts

Subsidiary Incumbency Certificates. The Agent shall have received, with a counterpart for each Lender, a certificate of each Subsidiary of the Borrower which is a Loan Party, dated the Closing Date, as to the incumbency and signature of the officers of such Subsidiaries (and its general partner, if applicable) executing any Loan Document, satisfactory in form and substance to the Agent, executed by the President or any Vice President and the Secretary or any Assistant Secretary of each such Subsidiary (and its general partner, if applicable).

Appears in 3 contracts

Samples: Credit Agreement (Paxson Communications Corp), Credit Agreement (Paxson Communications Corp), Credit Agreement (Paxson Communications Corp)

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Subsidiary Incumbency Certificates. The Agent shall have received, with a counterpart for each Lender, a certificate of each Subsidiary of the Borrower which is a Loan Party, dated the Closing Effective Date, as to the incumbency and signature of the officers of such Subsidiaries (and its general partner, if applicable) executing any Loan Document, reasonably satisfactory in form and substance to the Agent, executed by the President or any Vice President and the Secretary or any Assistant Secretary of each such Subsidiary (and its general partner, if applicable)Subsidiary.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Warren S D Co /Pa/)

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