This template for resolutions of the board of directors of borrower (also referred to as a written consent of the board of directors of borrower) is for delivery by a borrower (organized as a corporation) to a lender at the closing of an acquisition loan transaction. This template includes practical guidance, drafting notes, alternate clauses, and optional clauses. In these resolutions, the board of directors of the borrower grants authority to certain designated officers of the borrower to execute documents on behalf of the borrower, in connection with the acquisition and financing of real property, and ratify all related actions taken by such officers. These resolutions would typically be attached as an exhibit to the secretary's certificate of the borrower. For a full listing of key content covering acquisition financing, see Junior Associate Real Estate Resource Kit (Acquisition Finance). For further guidance on a secretary's certificate for a borrower, see Certificate of Borrower (Corporation).