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Board Resolution for Loan from Bank: Template and Guide
Download the free corporate borrowing resolution template as a word document or PDF. It is perfect to write a board resolution for an SBA loan from a bank.
To negotiate and obtain a Paycheck Protection Program loan from Citizens Trust Bank in the loan amount under such terms and conditions as the Signatory may agree to in the sole discretion of the Signatory, and for such additional sum or sums of money as in their judgment should be borrowed, without limitation.
RESOLUTION OF THE BOARD OF DIRECTORS OF [ELIGIBLE CDFI] WHEREAS, the Board of Directors of [ELIGIBLE CDFI] (the “Borrower”) has reviewed the Bond Loan Agreement (the “Agreement”) to be entered into by and between [QUALIFIED ISSUER] (the “Qualified Issuer”) and the Borrower; capitalized terms used but not defined
Resolution to Authorize Borrowing on a Line of Credit
A corporate resolution that authorizes borrowing on a line of credit is often referred to a borrowing resolution. This resolution indicates that the members (LLC) or Board of Directors (Corporation) have held a meeting and conducted a vote allowing the company to borrow a …
Borrower’s certificate of incorporation, bylaws, or chartering and/or licensing statutes or requirements, and are reflected in the minutes of the meeting at which these resolutions were approved: 1.
I, ______________________________________________________, Secretary of ______________________________________________, a corporation duly organized and existing under the laws of the State of _______________, do hereby certify that the foregoing is a full, true and correct copy of resolutions of the Board of Directors of said corporation, duly ...
Form: Board Resolution Approving Borrowing Description: This is a sample resolution to be adopted by the Board of Directors, approving a certain borrowing by the corporation. More specifics can be added as to the specific borrowing. The form can be used with the Action by Unanimous Written Consent of the Board of Directors or the
Borrowing resolution template: Fill out & sign online - DocHub
Send resolution to borrow template via email, link, or fax. You can also download it, export it or print it out. 01. Edit your borrowing resolution template online. Type text, add images, blackout confidential details, add comments, highlights and more. 02. Sign it in a few clicks.
The signature of an Agent on this resolution is conclusive evidence of their authority to act on behalf of the Corporation. Any Agent, so long as they act in a representative capacity as agents of the Corporation, is authorized to make any and all other contracts, agreements, stipulations
This resolution appears in the Company’s minute book and has not been modified or rescinded and remains in full force and effect. The Manager(s) or the Member hereby resolves that: