Board minutes: borrower facility agreement
Minutes for a meeting of the board of directors of a company at which the entry into by the company of an unsecured or a secured facility agreement is approved, including approval of the facility agreement and any security documents.
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When do I use this document?
- for a meeting of the board of directors to approve the company entering into a facility agreement
- for a borrower which is a company incorporated in England and Wales
- for either an unsecured or a secured facility
What are the key features?
- declaration of director’s interest in the facility agreement and security (if applicable)
- resolutions to approve the facility agreement and any security documents
- alternative wording depending on whether the facility is secured or unsecured and, if secured, to approve security documents
What other documents are available?
For a form of board minutes to approve an unsecured or secured loan agreement, see
When do I use this document?
- for general business transactions or joint ventures
- where both parties will disclose confidential information
- for a shorter form NDA with principal legal protections for the parties
What are the key features?
- 17 paragraphs over 3 pages
- definitions of Confidential Information and Proposed Transaction
- confidentiality obligations
- authorised recipients of Confidential Information
- circumstances permitting compulsory disclosure
- procedure for returning Confidential Information to its owner
- duration of agreement
What other documents are available?
For a longer form of mutual confidentiality agreement with more extensive protections for the benefit of the disclosing party, see
For forms of confidentiality agreement where only one party will disclose confidential information see
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Updated by a lawyer on 23/07/2025
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