template

Borrower Board Meeting Minutes To Approve A Loan Agreement

by
Genie Team
Genie Team
Oct, 10 2023

When to use this template

This legal template outlines the minutes of a borrower board meeting held under the jurisdiction of UK law. The purpose of the meeting is to seek approval for a loan agreement. The template would include details such as the date, time, and location of the meeting, as well as the attendees and their positions within the borrower's organization.

The minutes would document the discussions held during the meeting, including the presentation and review of the proposed loan agreement. Any questions, concerns, or clarifications raised by the board members would be noted. The template may also include a section for recording any amendments, modifications, or suggestions put forth during the meeting.

Additionally, the template might mention the board's deliberation and decision on the loan agreement. This could cover a vote or resolution approving or rejecting the proposed loan agreement, along with any specific conditions or requirements imposed by the board.

It is important to note that this legal template serves as a starting point or framework for customization to suit the specific borrower's board meeting. Users would need to review and amend the template as necessary to accurately reflect the proceedings of their own borrower board meeting for loan agreement approval, while adhering to the relevant UK legal requirements.

Key issues covered in this template

  • Approval of performance
  • Authorised signatories
  • Company's obligations
  • Director authority
  • Draft document
  • Entering into agreements
  • Related documents
  • Resolved to enter into the transaction
  • Signing authority
  • Voting restrictions for interested directors
  • N/A

What to watch out for

Optional wording has been included to cater for syndicated finance arrangements.

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Used by

Author

Genie Team

Genie Team

@genieteam
Genie AI

The Genie Team consists of lawyers and paralegals. Our aim is to open source the law and provide high quality, regularly reviewed legal documents.

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Finance
13%
Legal Services
11%
Other
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Technology
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9%
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7%
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7%
Consultancy
6%
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Retail
5%
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3%
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Manufacturing
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Additional information

Business categories

Business activities

Contract type

Relevant sectors

Agriculture, Forestry and Fishing

Mining

Construction

Transport

Wholesale

Manufacturing

Energy

Retail

Finance

Real Estate

Consumer, Public & Health Services

Media

Insurance

Legal Services

Education

Technology

Sport & Entertainment

Consultancy

Public Administration

Other

Relevant company sizes

1 - 3

20 - 49

250 - 999

4 - 19

50 - 249

1000 +

Governing law

England and Wales

Language

English UK

Gender neutral

Yes