Conditions Precedent to Obligations of Lessor. The obligations of Lessor hereunder are subject to the conditions precedent that Lessor shall have received all of the documents and items set forth below in form and substance satisfactory to Lessor. 17.1 Lessor shall have received resolutions of the Board of Directors of Lessee certified by its Secretary or an Assistant Secretary, which authorize the execution, delivery and performance by Lessee of this Agreement and any other documents relating hereto. 17.2 Lessor shall have received a certificate of incumbency certified by the Secretary or an Assistant Secretary of Lessee certifying the names of the officers of Lessee authorized to sign the Lease and the other documents to be executed in connection herewith, together with specimen signatures of such officers. 17.3 Lessor shall have received such Uniform Commercial Code financing statements evidencing the Lease, executed by Lessee, as Lessor may request. 17.4 Lessor shall have received copies of all Insurance Policies required by Section 7, together with loss payable endorsements in favor of Lessor with respect to all insurance policies covering the Equipment. 17.5 Lessor shall have received an opinion of Akerman, Senterfitt & Eids▇▇, ▇.A., legal counsel to Lessee.
Appears in 1 contract
Sources: Equipment Lease Agreement (Kellstrom Industries Inc)
Conditions Precedent to Obligations of Lessor. The obligations of Lessor hereunder are subject to the conditions precedent that Lessor shall have received all of the documents and items set forth below in form and substance satisfactory to Lessor.
17.1 Lessor shall have received resolutions of the Board of Directors of Lessee certified by its Secretary or an Assistant Secretary, which authorize the execution, delivery and performance by Lessee of this Agreement and any other documents relating hereto.
17.2 Lessor shall have received a certificate of incumbency certified by the Secretary or an Assistant Secretary of Lessee certifying the names of the officers of Lessee authorized to sign the Lease and the other documents to be executed in connection herewith, together with specimen signatures of such officers.
17.3 Lessor shall have received such Uniform Commercial Code financing statements evidencing the Lease, executed by Lessee, as Lessor may request.
17.4 Lessor shall have received copies of all Insurance Policies required by Section 7, together with loss payable endorsements in favor of Lessor with respect to all insurance policies covering the Equipment.
17.5 Lessor shall have received an opinion of Akerman, Senterfitt & Eids▇▇Eidson, ▇.A.P.A., legal counsel to Lessee.
Appears in 1 contract