Common use of The New Notes Clause in Contracts

The New Notes. A copy, duly certified by the secretary or an assistant secretary of each Fund or Portfolio, as the case may be, of (i) the resolutions of such Fund's or Portfolio's trustees or directors authorizing or ratifying the execution and delivery of this Amendment and such Fund's Notes or, in the case of a Fund comprised of one or more Portfolios, the Notes of each such Portfolio, and authorizing the Borrowings under the Credit Agreement, (ii) all documents evidencing other necessary trust or corporate action, as the case may be, and (iii) all approvals or consents, if any, with respect to this Amendment and the aforesaid Note(s).

Appears in 2 contracts

Sources: Credit Agreement (Legg Mason Income Trust Inc), Credit Agreement (Legg Mason Investment Trust Inc)