Construction Loan Documents. The Company shall not proceed with the Construction Loan Closing unless and until the form of documents related to the Construction Loan have been approved by all the Members. There shall be no modification to the Construction Loan documents without the prior written approval of all Members.
Appears in 2 contracts
Samples: Operating Agreement (Wellsford Real Properties Inc), Assignment of Interest (Wellsford Real Properties Inc)
Construction Loan Documents. The Company shall not proceed with the Construction Loan Closing unless and until the form of documents related to the Construction Loan and the Tri-Party Agreement (as defined in Section 5.2.8 below) have been approved by all the Members. There shall be no modification to the Construction Loan documents without the prior written approval of all Members.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Equity Residential Properties Trust), Pledge and Security Agreement (Wellsford Residential Property Trust)
Construction Loan Documents. The Company shall not proceed with the Construction Loan Closing unless and until the form of documents related to the Construction Loan and the Tri- Party Agreement have been approved by all the Members. There shall be no modification to the Construction Loan documents without the prior written approval of all Members.
Appears in 1 contract
Samples: Operating Agreement (Wellsford Real Properties Inc)
Construction Loan Documents. The Company shall not proceed with the Construction Loan Closing unless and until the form of documents related to the Construction Loan and the Tri-Party Agreement have been approved by all the Members. There shall be no modification to the Construction Loan documents without the prior written approval of all Members.
Appears in 1 contract
Samples: Operating Agreement (Wellsford Real Properties Inc)
