Common use of Proceedings of the Borrower Clause in Contracts

Proceedings of the Borrower. Administrative Agent shall have received a copy of the resolutions, in form and substance satisfactory to Administrative Agent, authorizing and causing: (i) the execution, delivery and performance of this Credit Agreement, the Forward Commitment Agreement, and the other Loan Documents to which the Borrower is a party; (ii) the Borrowings contemplated hereunder; (iii) the transactions contemplated under the Loan Documents; and (iv) the granting of the Liens created pursuant to the Borrower Security Agreement, certified by a Responsible Officer of Borrower as of the Closing Date, which certificate shall be in form and substance satisfactory to Administrative Agent and shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded;

Appears in 1 contract

Sources: Revolving Credit Agreement (Municipal Mortgage & Equity LLC)

Proceedings of the Borrower. Administrative The Agent shall have received received, with a counterpart for each Lender, a copy of the resolutions, in form and substance satisfactory to Administrative the Agent, of the Managing Members of the Borrower authorizing and causing: (i) the execution, delivery and performance of this Credit Agreement, the Forward Commitment Agreement, Agreement and the other Loan Documents to which the Borrower it is a party; , (ii) the Borrowings borrowings contemplated hereunder; hereunder and (iii) the transactions contemplated under the Loan Documents; and (iv) the granting by it of the Liens created pursuant to the Borrower Security AgreementDocuments, certified by a Responsible Officer the Secretary or an Assistant Secretary of the Borrower as of the Closing Date, which certificate shall be in form and substance satisfactory to Administrative the Agent and shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded;.

Appears in 1 contract

Sources: Credit Agreement (Diversified Food Group Inc)

Proceedings of the Borrower. Administrative The Agent shall have received received, with a counterpart for each Lender, a copy of the resolutions, in form and substance satisfactory to Administrative the Agent, of the Board of Directors of the Borrower authorizing and causing: (i) the execution, delivery and performance of this Credit Agreement, the Forward Commitment Agreement, Agreement and the other Loan Documents to which the Borrower it is a party; , (ii) the Borrowings borrowings contemplated hereunder; hereunder and (iii) the transactions contemplated under the Loan Documents; and (iv) the granting by it of the Liens created pursuant to the Borrower Security AgreementDocuments, certified by a Responsible Officer the Secretary or an Assistant Secretary of the Borrower as of the Closing Date, which certificate shall be in form and substance satisfactory to Administrative the Agent and shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded;.

Appears in 1 contract

Sources: Credit Agreement (Big City Radio Inc)