Borrowing Authorization definition

Borrowing Authorization means (i) with respect to a corporation, a certificate, in Proper Form, of the Secretary or an Assistant Secretary of a corporation as to the resolutions of the Board of Directors of such corporation authorizing the execution, delivery and performance of the Credit Documents to be executed by such corporation; the incumbency and signature of the officer of such corporation executing such documents on behalf of such corporation, and the Organizational Documents of such corporation, and (ii) with respect to a partnership, limited liability company, joint venture or other non-individual Person, such written instruments as shall be required by Lender, each in Proper Form, authorizing the execution, delivery and performance of the Credit Documents to be executed by such Person; the incumbency and signature of the representative of such Person executing such documents on behalf of such Person, and the Organizational Documents of such Person.
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Borrowing Authorization means (i) with respect to a corporation, a certificate of the Secretary or an Assistant Secretary of a corporation as to the resolutions of the Board of Directors of such corporation authorizing the execution, delivery and performance of the documents to be executed by such corporation; the incumbency and signature of the officer of such corporation executing such documents on behalf of such corporation, and the Organizational Documents of such corporation and (ii) with respect to a partnership, joint venture or other non-individual Person, such written instruments as shall be required by the Bank authorizing the execution, delivery and performance of the documents to be executed by such Person; the incumbency and signature of the representative of such Person executing such documents on behalf of such Person, and the Organizational Documents of such Person.
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Borrowing Authorization means a certificate, in Proper Form, of the Secretary or an Assistant Secretary of a corporation as to the resolutions of the Board of Directors of such corporation authorizing the execution, delivery and performance of the documents to be executed by such corporation; the incumbency and signature of the officer of such corporation executing such documents on behalf of such corporation, and the Organizational Documents of such corporation.
Sample 1

Examples of Borrowing Authorization in a sentence

  • At the discretion of Lender, additional information may be requested on each entity applicant/borrower, such as Partnership Agreement with Amendments, Corporate/LLC Articles of Incorporation/Organization with Amendments and Borrowing Authorization.

  • Borrowing Authorization to Relocate Child and Adolescent Facility) Subject to the review of the Joint Bond Review Committee and approval of the Budget and Control Board, the Department of Mental Health is hereby authorized to borrow an amount not to exceed $24,000,000 for the purpose of constructing and equipping a new child and adolescent facility in order to provide placement for children and adolescents that must be moved from the Bull Street Campus.

  • The borrowing limit under the Borrowing Authorization Act was$175,000,000 as of March 31, 1999.

  • Adoption of Resolution for Borrowing Authorization of up to Four Million Dollars ($4,000,000.00) for FY16 Sewer System Upgrades Councilor Shaheen moved to adopt a Bond Resolution for FY16 Sewer System Upgrades in the amount of up to $4,000,000.00.

  • The borrowing limit under the Borrowing Authorization Act is $175,000.

  • The plan must include specific associated standards for evacuation route paths, bridges and other related improvements (i.e., size, width, seismic capacity, and cost for each listed improvement).

  • Resolution Re: Rescission of the Twelve Million Five Hundred Thousand Dollars ($12,500,000.00) Borrowing Authorization for an Underground Parking Facility City Manager Bohenko said that this is to rescind the bonding resolution of $12,500,000.00 for an Underground Parking Facility for the Portwalk Project.

  • Adoption of Resolution for Borrowing Authorization of up to Six Hundred Thousand Dollars ($600,000) for FY16 purchase of Fire Apparatus (Page 39 of CIP FY16-21) Councilor Morgan moved to adopt a Bond Resolution for FY16 purchase of Fire Apparatus in the amount of up to $600,000.00.

  • Access to Borrowing 4.45 Sub-national government borrowing and guarantee issuance are allowed by Romanian legislation, and the debt service is limited to 25 percent of the previous year own local revenue.50 These borrowings must be authorized by the local Borrowing Authorization Commission.51 However, the legal and institutional frameworks of Romanian municipal capital market are still in the making, and most municipalities are not yet creditworthy enough to access the market by their own.

  • Adoption of Resolution for Borrowing Authorization of up to Five Hundred Thousand Dollars ($500,000) for FY16 School Facilities Improvements (Pages 50-51 of CIP FY16-21) Councilor Shaheen moved to adopt a Bond Resolution for FY16 School Facilities Improvements in the amount of up to $500,000.00.


More Definitions of Borrowing Authorization

Borrowing Authorization means such written instruments, if any, as shall be required by the Administrative Agent, authorizing the execution and delivery of the Loan Documents required by this Agreement to be executed and delivered to the Administrative Agent by any Person other than a natural person, authorizing the consummation of the transactions contemplated by this Agreement and setting forth the names of the Persons authorized to execute and deliver such Loan Documents.
Sample 1
Borrowing Authorization means (i) with respect to a corporation, a certificate, in Proper Form, of the Secretary or an Assistant Secretary of a corporation as to the resolutions of the Board of Directors of such corporation authorizing the execution, delivery and performance of the documents to be executed by such corporation; the incumbency and signature of the officer of such corporation executing such documents on behalf of such corporation, and the Organizational Documents of such corporation and (ii) with respect to a partnership, joint venture or other non-individual Person, such written instruments as shall be required by Lender, each in Proper Form, authorizing the execution, delivery and performance of the documents to be executed by such Person; the incumbency and signature of the representative of such Person executing such documents on behalf of such Person, and the Organizational Documents of such Person.
Sample 1

Related to Borrowing Authorization

  • Notice of Committed Borrowing has the meaning set forth in Section 2.02.

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • Borrowing Tranche means specified portions of Loans outstanding as follows: (i) any Loans to which a LIBOR Rate Option applies which become subject to the same Interest Rate Option under the same Loan Request by the Borrower and which have the same Interest Period shall constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall constitute one Borrowing Tranche.

  • Notice of Swingline Borrowing means a notice substantially in the form of Exhibit G (or such other form reasonably acceptable to the Administrative Agent and containing the information required in such Exhibit) to be delivered to the Swingline Lender pursuant to Section 2.4.(b) evidencing the Borrower’s request for a Swingline Loan.

  • Swingline Borrowing Request means a request by a Borrower substantially in the form of Exhibit C-2.

  • Borrowing Request means a request by the Borrower for a Borrowing in accordance with Section 2.03.

  • Notice of Revolving Credit Borrowing has the meaning specified in Section 2.02(a).

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • Borrowing Date any Business Day specified by the Borrower as a date on which the Borrower requests the relevant Lenders to make Loans hereunder.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Canadian Base Rate Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Canadian Base Rate in accordance with the provisions of Article II.

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • Borrowing Notice is defined in Section 2.8.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Letter of Credit Borrowing means any Credit Extension resulting from a drawing under any Letter of Credit that has not been reimbursed or refinanced as a Borrowing of Revolving Loans.

  • Swingline Borrowing means a Borrowing comprised of Swingline Loans.

  • Notice of Borrowing has the meaning specified in Section 2.02(a).

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.

  • Mandatory Borrowing shall have the meaning provided in Section 2.1(d).

  • Borrowing Agent means any of the following:

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Borrowing Certificate means a Borrowing Certificate substantially in the form of Exhibit A.

  • Initial Borrowing means the first Borrowing made pursuant to this Agreement.

  • Utilisation Request means a notice substantially in the form set out in Schedule 3 (Utilisation Request).