DECIDES that, in accordance with the instruction given by the members of the Company pursuant to Section 180(1)(c) of the Companies Act 2013, at the General Meeting held on to the Board of Directors, up to a maximum of 200 of , may be lent as a temporary loan and may therefore be lent in the form of a temporary loan which may be covered by an appropriate mortgage within from the date of payment by the guarantee by an appropriate mortgage by the deposit of the title deeds already contracted with the said bank. IN ADDITION, he decided that Mr. / Frau (name of the person), (DIN: XXXX), director of the company, was authorized several times with regard to this organization and would act on behalf of the company, documents, agreements, necessary documents, obligations, indemnities, etc. sign and execute under the common seal of the company, whenever necessary in the articles of association of the company. Whenever a company borrows from the bank, the board of directors must execute a decision of the board of directors regarding the use of the loan and the pledging of ownership of the company, if this is necessary under the loan agreement. The following board decision format can be used for the exercise of a loan by the bank by mortgage on fixed assets. In that case, such an undertaking would also have to adopt a special decision for the loan. IN ADDITION, IT DECIDED that the board of directors of the company will be authorized to mortgage the property acquired from the loan funds and, if necessary, to deposit the title deeds of the company established in the address of the property, which excludes an area (land area) in order to create an appropriate mortgage in favor of the bank for the amount of the loan thus lent. Pursuant to section 179(3) of the Companies Act, 2013, a decision of the company`s board of directors would be required to borrow funds from the bank by implementing such agreements as required. The following format of the Board of Directors` decision may be used to obtain a loan from the Bank. HAVE ALSO DECIDED that the agreement and approval of the Board of Directors will be given to the company and that it will be granted to borrow the above funds under the conditions set out in the sanction letter or loan agreement (letter or date of the contract). DECIDED that the company will thus receive financial support / credit facility equal to an amount of no more (loan or credit / overdraft) (name, branch and address of the bank) and that it would benefit from this loan to meet the requirements of the company, and that it will receive such a loan on the conditions indicated or included in the letter of sanction or loan agreement (letter or contractual date) submitted to the approval of the board of directors.

The sum of its paid-up share capital and free reserves (with the exception of the temporary loan contracted by the company`s banker in the course of its normal operations) IS THEREFORE DECIDED, therefore, that the board of directors of the company is and is authorized to mortgage, with the elements to be acquired from the loan, a real estate of the company, that the is mortgaged

in favour of the conditions accepted by this Decision, namely that the loans thus granted by the Bank are repayable in and that they bear an interest rate of per year on the outstanding amount. . . .

Board Resolution For Execution Of Loan Agreement

  • September 12th, 2021
  • Posted in Uncategorized

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