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. IN ADDITION, Mr. / Frau (name of the person), (DIN: XXXX), director of the company, is authorized several times with regard to this body and acts on behalf of the company to sign and execute the documents, agreements, deeds, obligations, indemnifications, etc., under the common seal of the company, whenever necessary in the statutes of the company. The sum of its paid-up share capital and free reserves (apart from the temporary loan taken out by the company`s banker in the normal course of its activities), such an enterprise would then also have to adopt a special decision for the loan. IN ADDITION, IT DECIDED that the Board of Directors of the company has lent the loans on such terms that the funds thus paid by the Bank will be repaid over a period (loan repayment period) and that interest (interest rate) per year will be borne on the remaining balance. 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. However, this provision does not apply to a bank company that accepts deposits from the public redeemable on request or otherwise in the course of normal operations.
The amount already borrowed + the amount that will be lent FOR AND ON BEHALF OF THE BOARD OF DIRECTORS OF (COMPANY NAME). . . . .
