Board Minutes Resolving to Issue Loan Notes

These template board minutes can be used to record a board meeting where a company’s board resolves to approve and issue loan notes to named subscribers.

Loan notes require a company to execute a deed constituting or creating the loan notes and then issue the loan notes to subscribers evidenced by a certificate with the conditions of the loan notes attached.

Before a company issues loan notes, its articles of association or other contractual arrangements (for example, financing) should be checked to establish whether there are any restrictions which limit its ability to issue loan notes.

These board minutes record that completed forms of application for the loan notes have been received and that any pre-emption rights on issue of the loan notes have been waived by existing shareholders. 

These board minutes may be used as an alternative to our template directors' written resolution to issue loan notes to subscribers.

Optional phrases / clauses are enclosed in square brackets. These should be read carefully and selected so as to be compatible with one another. Unused options should be removed from the document.

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Board Minutes Resolving to Issue Loan Notes is part of Corporate Documents. Just £35.00 + VAT provides unlimited downloads from Corporate Documents for 1 year.