Limited Liability Company Power. As of the Effective Date, and as of the time of such Investor’s Closing, the Company will have all requisite limited liability company power to execute and deliver this Agreement and the Security Agreement and, at the Closing, have all requisite limited liability company power to issue such Investor’s Senior Note.
Appears in 5 contracts
Samples: Senior Secured Demand Note Purchase Agreement (Iron Bridge Mortgage Fund LLC), Senior Secured Demand Note Purchase Agreement (Iron Bridge Mortgage Fund LLC), Note Purchase Agreement (Iron Bridge Mortgage Fund LLC)