Written Consent of the Board of Directors (Lending): Omnibus Subsidiary Guarantor (Corporation) | Practical Law

Written Consent of the Board of Directors (Lending): Omnibus Subsidiary Guarantor (Corporation) | Practical Law

A form of written consent to be used when the board of directors of multiple related corporations are taking action to authorize the corporations to guarantee their parent company's obligations under a loan transaction without a formal meeting. This Standard Document has integrated notes with important explanations and drafting tips.

Written Consent of the Board of Directors (Lending): Omnibus Subsidiary Guarantor (Corporation)

by Practical Law Finance
MaintainedUSA (National/Federal)
A form of written consent to be used when the board of directors of multiple related corporations are taking action to authorize the corporations to guarantee their parent company's obligations under a loan transaction without a formal meeting. This Standard Document has integrated notes with important explanations and drafting tips.