Board minutes for the approval of a company’s entry into an unsecured facility agreement
Board minutes for the approval of a company’s entry into an unsecured facility agreement

The following Banking & Finance precedent provides comprehensive and up to date legal information covering:

  • Board minutes for the approval of a company’s entry into an unsecured facility agreement
  • 1 Chair, notice and quorum
  • 2 Business of the Meeting
  • 3 Declaration of interests
  • 4 Proposed facilities
  • 5 Documents
  • 6 Ratification of the Documents
  • 7 Resolutions
  • 8 Close

Company number: [insert company number]

[insert company name] [LIMITED OR PLC]

Minutes of a meeting of the board of directors (the Meeting) of [insert full name of company] (the Company)

Held at [insert place of meeting]

Held on [insert day, month and year of meeting] at [insert time of meeting] [am OR pm]

Present:[insert name of director to be chair] (Chair)
[insert names of directors who are physically present]
[[insert names of any directors present by telephone as permitted by the Company’s articles of association] (by telephone)]
[[insert names of any directors present by other means permitted by the Company’s articles of association] (by [insert other means])]
[In attendance:][[insert names of those in attendance, who do not count towards the quorum (eg the company secretary, any legal advisers) (if any)]]
[Apologies:][[insert names of directors who are unable to attend meeting (if any)]]
    1. 1

      Chair, notice and quorum

      [Insert name] was appointed Chair of the Meeting. The Chair reported that due notice of the Meeting had been given in accordance with the Company’s articles of association (the Articles) and that a quorum was present. Accordingly, the Chair declared the Meeting open.

    1. 2

      Business of the Meeting

      The Chair reported that the purpose of the Meeting was to [approve OR ratify] the Company’s entry into [a OR certain] document[s].

    1. 3

      Declaration of interests

      1. 3.1

        [The Chair drew the attention of the

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