Authorization Proceedings of Loan Parties. [[Organization B:Organization]] shall have received a copy of the resolutions, in form and substance reasonably satisfactory to [[Organization B:Organization]], of the board of directors, managers or members, as the case may be, of each Loan Party authorizing # the execution, delivery and performance of this Agreement, the Notes, and any Other Document and # the granting by such Loan Party of the security interests in and Liens upon the Collateral certified by an authorized manager or member, or secretary or assistant secretary, as the case may be, of such Loan Party as of the Closing Date; and, such certificate shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded as of the date of such certificate;
AuthorizationCorporate/Company Proceedings of Loan Parties.Applicant [[Organization A:Organization]]. [[Organization B:Organization]] shall have received a copy of the resolutions,resolutions in form and substance reasonably satisfactory to [[Organization B:Organization]], of the boardBoard of directors, managersDirectors or members,other governing body, as the case may be, of each Loan Partysuch Applicant Borrower authorizing # the execution, delivery and performance of this Agreement, the Notes,Designated Borrower Request and anyAssumption Agreement and the Other DocumentDocuments to which such Applicant Borrower is required to become a party and # the granting by such Loan PartyApplicant Borrower of the security interests in and Liensliens upon the Collateral in each case certified by the Secretary or an authorized manager or member, or secretary or assistant secretary, as the case may be,Assistant Secretary of such Loan Party as of the Closing Date;Applicant Borrower; and, such certificate shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded as of the date of such certificate;
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.