Common use of Borrowing Authorizations Clause in Contracts

Borrowing Authorizations. The Borrower shall have furnished to the Bank a copy of resolutions of the Borrowing Authorizations for the Board of Directors of the Borrower authorizing the execution, delivery and performance of this Agreement, the borrowing hereunder, and the other Loan Documents being delivered contemporaneously herewith, which shall have been certified by the Secretary or Assistant Secretary of the Borrower as of the Disbursement Date first occurring.

Appears in 1 contract

Sources: Loan Agreement (Henley Healthcare Inc)

Borrowing Authorizations. The Borrower shall have furnished to the Bank a copy of resolutions of the Borrowing Authorizations Authorization for the Board of Directors of the Borrower authorizing the execution, delivery and performance of this Agreement, the borrowing hereunder, the Notes and the other Loan Documents being delivered contemporaneously herewithDocuments, which shall have been certified by the Secretary or Assistant Secretary of the Borrower each Obligor as of the Disbursement Date first occurring.

Appears in 1 contract

Sources: Loan Agreement (Henley Healthcare Inc)

Borrowing Authorizations. The Borrower shall have furnished to the Bank a copy of resolutions of the Borrowing Authorizations Authorization for the Board of Directors of the Borrower any Obligor which is a corporation authorizing the execution, delivery and performance of this Agreement, the borrowing hereunder, the Note and the other Loan Documents being delivered contemporaneously herewithDocuments, which shall have been certified by the Secretary or Assistant Secretary of the Borrower each Obligor as of the Disbursement Date first occurring.

Appears in 1 contract

Sources: Loan Agreement (Plymouth Commercial Mortgage Fund)