Board Resolution to Lease Motor Vehicle

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

BOARD RESOLUTION TO LEASE MOTOR VEHICLE

WHEREAS, it is deemed necessary and in the best interest of {{company_name}} (hereinafter referred to as “the Company”) to lease a motor vehicle for business operations;

WHEREAS, the Board of Directors has reviewed the proposed lease agreement and considered the financial implications and operational benefits of leasing said motor vehicle;

RESOLVED:

That the Company hereby approves the leasing of a motor vehicle, specifically a {{vehicle_make}} {{vehicle_model}} with Vehicle Identification Number (VIN) {{vehicle_vin}}.

Lease Agreement Details

That the Board hereby authorizes the Company to enter into a lease agreement with {{leasing_company_name}} (hereinafter referred to as “the Lessor”) for the aforementioned motor vehicle.

The lease term shall be for a period of {{lease_term_months}} months, commencing on {{lease_start_date}} and terminating on {{lease_end_date}}.

The monthly lease payment shall not exceed {{currency}} {{monthly_lease_payment}}, and such payments shall be made in accordance with the terms of the lease agreement.

The total lease amount over the entire term shall not exceed {{currency}} {{total_lease_amount}}.

Authorization of Officers

That {{authorized_officer_name}} ({{authorized_officer_title}}) is hereby authorized, empowered, and directed to negotiate, finalize, and execute the lease agreement and all related documents on behalf of the Company.

Such execution shall be conclusive evidence of the Board’s approval of the terms and conditions contained therein and the authority of the signatory to act on behalf of the Company.

Financial Implications

The expenses related to this lease, including but not limited to, monthly payments, insurance, and maintenance as stipulated in the lease agreement, shall be borne by the Company and appropriately budgeted.

Governing Law

This resolution and the lease agreement shall be governed by and construed in accordance with the laws of {{country}}.

Certification

I, the undersigned, Secretary of {{company_name}}, do hereby certify that the foregoing is a true and correct copy of a resolution duly adopted by the Board of Directors of the Company at a meeting duly called and held on {{meeting_date}}, at which a quorum was present and voting, and that said resolution has not been modified, repealed, or rescinded and is in full force and effect as of the date hereof.

Signature Block

_____________________________

Signature of Corporate Secretary

{{corporate_secretary_name}}

Date: {{signature_date}}