Common use of Third Party Action Clause in Contracts

Third Party Action. Each Third Party shall have (i) taken all necessary and appropriate corporate and shareholder action, and the Board of Directors of the Third Party shall have adopted resolutions authorizing the execution and delivery of the guaranty of such Third Party and the taking of all action called for thereby; and (ii) furnished to Secured Party certified copies of evidence of such corporate and shareholder action and such other corporate documents as Secured Party shall reasonably request.

Appears in 3 contracts

Samples: Loan and Security Agreement (FFP Marketing Co Inc), Loan and Security Agreement (FFP Partners L P), Loan and Security Agreement (FFP Partners L P)

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Third Party Action. Each Third Party shall have (i) taken all necessary and appropriate corporate corporation and shareholder action, action and the Board of Directors of the Third Party shall have adopted resolutions authorizing the execution and delivery of the guaranty of such Third Party and the taking of all action called for thereby; , and (ii) furnished to Secured Party certified copies of evidence of such corporate and shareholder action and such other corporate documents as Secured Party shall reasonably request.

Appears in 3 contracts

Samples: Loan and Security Agreement (American Artists Film Corp/Mo/), Loan and Security Agreement (Computone Corporation), Loan and Security Agreement (Delsoft Consulting Inc)

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