Officers' Certificate
What is an Officer's Certificate?
An Officer's Certificate is a legal document signed by an officer of a company or organization. It is used to verify certain information or actions taken by the company.
What are the types of Officer's Certificate?
There are two main types of Officer's Certificates:
Certificate of Incumbency - This type of certificate verifies the current officers of a company and their positions.
Certificate of Authority - This type of certificate grants authority to a specific individual to act on behalf of the company in certain situations.
How to complete an Officer's Certificate
To complete an Officer's Certificate, follow these steps:
01
Gather all necessary information and documentation.
02
Fill in the certificate with accurate details, including the names of officers and their positions.
03
Have the certificate signed by an authorized officer of the company.
04
Ensure the certificate is notarized, if required by law.
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Questions & answers
What is the officer's certificate of borrower?
Officer's certificates will generally include a confirmation that, as of the date of the certificate, all representations and warranties set forth in the credit agreement and other the loan documents are true and correct and that no default or event of default has occurred or is continuing.
What is the difference between officer certificate and secretary certificate?
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.
What is the officer's certificate in M&A?
The officer's certificate is commonly used in a merger or acquisition. This certificate is delivered at the closing of the transaction to the opposing party and re-verifies that the representations and warranties made at the signing of the main transaction agreement are still true and correct.
What is the difference between officer's certificate and secretary's certificate?
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.
What is a officer's certificate?
"Officer's certificate" means a certificate signed and verified by the chair of the board, the president or any vice president and by the secretary, the chief financial officer, the treasurer or any assistant secretary or assistant treasurer. Ca. Corp.
