Board minutes: borrower facility agreement

£35.00 exc VAT

These minutes are for a meeting of the board of directors of a company at which a facility agreement is approved.

 

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Board minutes: borrower facility agreement

Minutes of a meeting of the board of directors of a company to approve a facility agreement

Background 

borrower facility agreement

The directors of a company which is entering into a facility agreement should approve the facility agreement at a duly convened board meeting.  The lender is also likely to require that the facility agreement is approved by the board and that a copy of the meeting minutes is provided to the lender as a pre-condition to the first advance under the facility being made.

About these board minutes

These minutes are for a meeting of the board of directors of a company at which a facility agreement is approved.

Document features

Features include:

  • Declaration of director’s interest (if applicable)
  • Resolution to approve facility agreement
  • Alternative language depending on whether the facility is secured or unsecured and, if secured, to approve security documents

Explanatory guidance

As with all of our document templates, your purchase will include access to clear explanatory guidance on the document and its use.

Board minutes: borrower facility agreement

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