Board Resolution

Draft of the Resolution to be passed at a meeting by the 1Board of Directors/Managing Committee /Board of Trustees of
the Borrower for acceptance of the terms and conditions of Credit Arrangement Letter/ Sanction letter/ Final Credit
Facility Application and execution of documents
2
EXTRACT OF RESOLUTION PASSED AT THE MEETING OF ________ HELD ON ______
"RESOLVED
1. THAT the 3Company/Society/Trust do accept the offer of ICICI Bank Limited (“ICICI Bank”) to provide to the
Company/Society /Trust the following Credit Facilities :
Nature of Facilities Secured Limits * Unsecured Limits

Sr.No (Rs in million) (Rs in million)
Revol- @ One Peak Revol- @ One Peak
ving Time Limit ving Time Limit
Limit Limit (Amt. Limit Limit (Amt.
and and
Period) Period)
FUND BASED WC FACILITIES:
1. Cash Credit
2. Line of Credit for Short Term Loan
3. Working Capital Demand Loan
4. Foreign Currency Loan / FCNR (B) /
MCCL
5. Foreign Bill Purchased / Discounted
6. Inland Bill Purchased / Discounted
7. Export Packing Credit / Packing
Credit in Foreign Currency
8. Overdraft
9. Post Shipment Credit Foreign
Currency
AGGREGATE FUND BASED
LIMITS : Rs ________ million
NON FUND BASED

WCFACILITIES
1. Letters of Credit
2. Standby Letters of Credit
3. Bank Guarantee
4. Drawee Bills Discounted
AGGREGATE NON FUND BASED

LIMITS : Rs ________ million
** The Bank reserves a right to stipulate requirement of Margin for such Limits
upto an aggregate overall limits not exceeding Rs _____ mn. at any one time (“Overall Limits”), on the terms and
conditions contained in the 4Credit Arrangement Letter / Sanction letter No __ dated ____ (“CAL”)/ Final Credit Facility
Application 5issued/submitted by/to ICICI Bank in this regard.
and / or
a) Rupee Term Loan not exceeding Rs _____ mn. at any one time (“Overall Limits”)
b) Guarantee facilities not exceeding Rs _____ mn. at any one time (“Overall Limits”)
c)
on the terms and conditions contained in the 6Credit Arrangement Letter / Sanction letter No __ dated ____ (“CAL”) /
1
as applicable
2
to be furnished alongwith encumbency certificate / specimen signature of authorised persons
3
as applicable
4
Select as Applicable
5
Select as Applicable
6
As Applicable
1
140906.V1
Final Credit Facility Application 7issued/submitted by/to ICICI Bank in this regard.
2. THAT the following 8directors/members/trustees/officers, viz. Shri , Shri and

Shri (the “authorised 9Directors/Members/Trustees/Officers”) be and are hereby authorised
severally to convey to ICICI Bank acceptance on behalf of the 10Company/ Society/Trust of the said offer for the aforesaid
financial assistance/s on the terms and conditions contained in the 11CAL/Sanction letter/ Final Credit Facility Application
and agree to such changes and modifications in the said terms and conditions as may be suggested by ICICI Bank from time
to time and to execute such deeds, documents and other writings as may be necessary or required for this purpose.
3. THAT the 12Company/ Society /Trust do avail of the aforesaid facilities from ICICI Bank, in the manner and to the
extent set out above on the terms and conditions contained in the 13CAL/Sanction letter/ Final Credit Facility
Application and the standard documents required to be executed for the aforesaid facilities.
4. THAT the drafts of the Facility Agreement/Final Credit Facility Application, the 14Schedules/Annexure(s) thereto, the Deed
of Hypothecation and other deeds, documents, undertakings and writings required to be 15filled up/executed by the 16
Company/Society /Trust in connection with the aforesaid facilities (copies whereof have been circulated to the 17
Board/Committee / placed on the table at the meeting) be and is / are hereby approved and accepted.
5. THAT the authorised 18Directors/Members/Trustees/Officers be and are hereby severally authorised to 19execute/ fill up all
agreements, Final Credit Facility Application, Annexure(s), deeds, documents, undertakings and other writings as may be
necessary or required for the purposes aforesaid, and to accept and execute any amendments or modifications to any
agreements, deed, documents, undertakings and other writings, including acknowledgement of debt/balance confirmation(s)
and/or any renewal documents, as and when necessary.
20
6. THAT the Common Seal of the 21Company / Society/Trust be affixed to the stamped engrossment(s) of the Facility 22
Agreement/Final Credit Facility Application and the Deed of Hypothecation and to all other deeds, documents or writings
as may be required to be executed under the Common Seal in the presence of 23 any of the following 24Directors /Members
/Trustees /Officers viz. Mr./Ms.____________, Mr./Ms.__________ and Mr./Ms.___________ who shall sign the same in
token thereof and Mr./Ms.__________________ ,Secretary / authorised person who shall sign / countersign the same in
token thereof.
25
7. THAT any one of the following 26 authorised Directors/Members/Trustees/Officers be and are hereby authorised to
request ICICI Bank to open letter(s) of credit on behalf of the 27Company/Society/Trust in respect of aforesaid facilities
granted by ICICI Bank Ltd. to the 28Company/Society/Trust and to sign letter of credit application(s), agreement(s) and
amendment(s) thereto, other correspondence, stock statements, QIS, deeds including deeds of indemnity acceptances,
undertakings and to take and do all such acts, deeds and things as may be necessary or expedient for the aforesaid purpose.
7
As Applicable
8
as applicable
9
as applicable
10
as applicable
11
As Applicable
12
as applicable
13
As Applicable
14
As Applicable
15
As Applicable
16
as applicable
17
as applicable
18
as applicable
19
As applicable
20
delete if not applicable
21
as applicable
22
As Applicable
23
in accordance with the articles of association of the company / bye laws of the society.
24
as applicable
25
26
as applicable
27
as applicable
28
as applicable
2
140906.V1
29
8. THAT the aforesaid 30 authorised Directors/Members/Trustees/Officers be and are hereby authorised severally to collect
from ICICI Bank the original documents in connection with the aforesaid letter(s) of credit transaction.
9. Copies of the aforesaid resolutions certified to be true be furnished to ICICI Bank and they be requested to act thereon.
CERTIFIED TO BE TRUE
31
Chairman/Managing Director/Secretary/Trustee
29
30
as applicable
31
as applicable
3
140906.V1

Board Resolution

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Draft of the Resolution to be passed at a meeting by the 1Board of Directors/Managing Committee /Board of Trustees of

Nature of Facilities Secured Limits * Unsecured Limits

NON FUND BASED

AGGREGATE NON FUND BASED

2. THAT the following 8directors/members/trustees/officers, viz. Shri , Shri and

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