Draft a Board Resolution for availing of term loan and working capital facilities sanctioned by the ABC Bank to the Company.

'RESOLVED THAT' pursuant to Section 179(3)(d) and other applicable provisions of the Companies Act, 2013, if any and rules made thereunder read with the Articles of Association of the company, the consent of the Board of Directors of the Company be and is hereby accorded to the Company to avail the credit facilities by way of (i) term loan to the extent of ₹............ and (ii) working capital facilities such as Cash Credit to the extent of ₹............ aggregating to ₹............ from ABC Bank, at its branch situated at............ 'RESOLVED FURTHER THAT' the terms and conditions as are stipulated in the sanction letter dated......... of the said Bank, a copy of which has been tabled at the meeting, be and the same are hereby accepted in total and that Shri ............ (Director) and Shri. ............ (Director) of the Company be and are severally and jointly authorized to convey acceptance of such terms of sanction to the said Bank and also to sign and execute all relevant legal documents including DP Note, Hypothecation Deed and such other documents as are required to be executed by the Company in favour of the said Bank and that the common seal of the Company if required to be affixed on such document wherever required by the Bank in the presence of any one of the above named Directors of the Company. 'RESOLVED FURTHER THAT' the above-named Directors of the Company be and are also authorized to file charge in E-Form CHG-1 along with specified fees with the concerned Registrar of Companies in accordance to the provisions of the Companies Act, 2013. 'RESOLVED FURTHER THAT' the above-named Directors of the Company be and are also authorized to operate the Bank Account(s) of the Company with the said Bank as are already authorized earlier to continue to avail of the said credit facilities sanctioned to the Company.