The resolution of TNB’s Board of Directors concerns borrowing funds to support business activities and project development. The company has reviewed its current financial needs and applicable regulations regarding the use of collateral for loans. Relevant laws and guidelines have been considered to ensure legality and safety for these transactions. The resolution outlines the loan amount, terms, interest rates, and necessary conditions and procedures. Additionally, the proposed use of borrowed funds must be presented for review and approval to ensure optimal utilization of financial resources. Secured measures include assets, contracts, or other methods to minimize risks for the company in fulfilling its financial obligations.
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