template

Board Meeting Minutes For Third Party Security Provider To Approve Third Party Security Document

by
Genie Team
Genie Team
Sep, 28 2022

When to use this template

The board of directors for a company approved the grant of security to secure the obligations of another group company under either a syndicated or bilateral facility agreement. This approval is documented in the board minutes.

Key issues covered in this template

  • Business arrangements
  • Covenants
  • Execute as deed
  • Execution of documents
  • Implications of document
  • Parent company negotiating facility agreement
  • Security agreement
  • Security document
  • Solvency
  • Written Resolution
  • N/A

What to watch out for

  • The board should ensure that the security provider is reputable and has the necessary experience and qualifications

  • The board should review the security document to ensure that it is in the best interests of the company and adequately protects the company's interests

  • The board should ensure that the grant of security does not violate any laws or regulations

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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.

Additional information

Business categories

Business activities

Contract type

Relevant sectors

Agriculture, Forestry and Fishing

Mining

Construction

Manufacturing

Transport

Energy

Wholesale

Retail

Finance

Insurance

Real Estate

Legal Services

Consumer, Public & Health Services

Education

Media

Consultancy

Technology

Public Administration

Sport & Entertainment

Other

Relevant company sizes

1 - 3

4 - 19

20 - 49

50 - 249

250 - 999

1000 +

Governing law

England and Wales

Language

English UK

Gender neutral

Yes