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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Frequently Bought Together

Loan Agreement: unsecured

This loan agreement is for an unsecured loan of a fixed amount to a corporate borrower.  It is suitable for a borrower which is incorporated in England and Wales.

 

Loan Agreement: secured

This loan agreement is for a secured loan of a fixed amount to a corporate borrower.  It is suitable for a borrower which is incorporated in England and Wales.

 

Guarantee: corporate guarantor

This Guarantee is for a company to guarantee the obligations under a loan agreement of another company.  It is suitable where both guarantor and the borrower are companies incorporated in England and Wales.

 

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

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