These consent minutes describe certain special actions taken by the Board of Directors of a corporation in lieu of a special meeting. It is resolved that the president of the corporation may borrow from a bank any sum or sums of money he/she may deem proper. The minutes also state that the bank will be furnished with a certified copy of the resolutions and will be authorized to deal with the officers named within the document.
Officers Certificate Example For Government In Wake
Category:
State:
Multi-State
County:
Wake
Control #:
US-00063
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
An Officers Certificate is a document signed by a company's officer certifying certain facts about the company.
An Officers Certificate is a document signed by a company's officer certifying certain facts about the company.
An officer's certificate, or closing certificate, delivered at the closing of an M&A transaction, certifying that the company's representations and warranties in the transaction agreement remain true and correct and that it has completed or met the covenants and conditions precedent set out in the agreement.
As referenced above, a typical officer's certificate certifies that various closing conditions have been satisfied as of the closing date, whereas the secretary's certificate is necessary during the closing to ensure that the selling entity is duly organized or incorporated and capable of effecting the transaction.
With the fulfilment of all closing conditions and taking all closing actions, the company's legal and economic transfer to the new owner is effectively complete. This concludes the acquisition from a legal perspective. The closing of the transaction is usually documented by a closing memorandum.
An officer's certificate, or closing certificate, delivered at the closing of an M&A transaction, certifying that the company's representations and warranties in the transaction agreement remain true and correct and that it has completed or met the covenants and conditions precedent set out in the agreement.
The signing represents the official completion of the M&A transaction, while the closing is the point at which the transaction is finalized, and ownership of the company is transferred to the buyer. Both stages present challenges that require special attention, but are vital to ensuring the success of the transaction.
They serve as proof of an individual's proficiency or mastery of a certain skill, and can be a valuable addition to a resume or portfolio. Certificates are typically awarded after an individual has completed a specific course of study or passed a qualifying exam.
The certificate can be used for a variety of purposes, such as to confirm the authority of the signatory to enter into a transaction, to confirm the accuracy of financial statements, or to confirm compliance with legal or contractual requirements.
