Common use of Proceedings of the Borrower Clause in Contracts

Proceedings of the Borrower. The Administrative Agent shall have received, with a counterpart for each Lender, a copy of the resolutions, in form and substance satisfactory to the Administrative Agent, of the Borrower, in the form of resolutions of the Board of Directors of the Borrower authorizing (i) the execution, delivery and performance of this Agreement and (ii) the borrowings contemplated hereunder, certified by the Secretary or an Assistant Secretary of the Borrower as of the Effective Date, which certificate shall be in form and substance satisfactory to the Agent and shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded.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 (Ifco Systems Nv)

Proceedings of the Borrower. The Administrative Agent shall have received, with a counterpart for each Lender, a copy of the resolutionsresolutions of the Board of Directors of the Borrower, in form and substance satisfactory to the Administrative Agent, of the Borrower, in the form of resolutions of the Board of Directors of the Borrower authorizing (i) the execution, delivery and performance of this Agreement and each other Loan Document to which Borrower is a party and (ii) the borrowings contemplated hereunder, certified by the Secretary or an Assistant Secretary of the Borrower as of the Effective Datedate of this Agreement, which certificate shall be substantially in the form and substance satisfactory of Exhibit G to the Agent this Agreement and shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded.

Appears in 1 contract

Sources: Credit Agreement (Ifco Systems Nv)

Proceedings of the Borrower. The Administrative Agent shall have --------------------------- received, with a counterpart for each Lender, a copy of the resolutionsresolutions of the Board of Directors of the Borrower, in form and substance satisfactory to the Administrative Agent, of the Borrower, in the form of resolutions of the Board of Directors of the Borrower authorizing (i) the execution, delivery and performance of this Agreement and (ii) the borrowings contemplated hereunder, certified by the Secretary or an Assistant Secretary of the Borrower as of the Effective Closing Date, which certificate shall be substantially in the form and substance satisfactory of Exhibit G to the Agent this --------- Agreement and shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded.

Appears in 1 contract

Sources: Credit Agreement (Ifco Systems Nv)