Board Resolutions: Authorization of Securitization or Structured Finance Transaction
(SPV Parent Company) (DE Corporation)

Summary

This board resolutions template for the board of directors of a Delaware corporation may be adopted to authorize a securitization or structured finance transaction. This template includes practical guidance and drafting notes. These resolutions are typically drafted by counsel for the transaction's sponsor (or counsel for the borrower in a financing transaction) and may be reviewed by investors' (or lender's) counsel. For more information on securitization transactions, see Securitization and Parties and Documents in Securitization Transactions. For a template of resolutions for the special purpose vehicle, see Member Resolutions: Securitization or Structured Finance Transaction Authorization (SPV) (DE LLC).