Authority of Borrower. The execution, delivery and performance by Borrower of this Mortgage are within its powers, have been duly authorized by all necessary action, and do not and will not (a) require any consent or approval of its managers or members, as the case may be, which has not been obtained, or (b) contravene its Organizational Documents.
Appears in 2 contracts
Samples: Mortgage, Assignment of Leases and Rents and Security Agreement (Clipper Realty Inc.), Consolidation, Modification and Extension Agreement (Clipper Realty Inc.)
Authority of Borrower. The execution, delivery and performance by Borrower of this Mortgage Agreement and each of the other Loan Documents to which it is a party are within its limited liability company powers, have been duly authorized by all necessary limited liability company action, and do not and will not (a) require any consent or approval of its managers or members, as the case may be, which has not been obtained, or (b) contravene its Organizational Documents.
Appears in 1 contract
Authority of Borrower. The execution, delivery and performance by Borrower of this Mortgage are within its limited liability company powers, have been duly authorized by all necessary limited liability company action, and do not and will not (a) require any consent or approval of its managers or members, as the case may be, which has not been obtained, or (b) contravene its Organizational Documents.. Consolidation Modification Extension and SpreaderAgreement EXH-C Page 36
Appears in 1 contract
Samples: Consolidation, Modification, Extension and Spreader Agreement (Clipper Realty Inc.)
