VORNADO CRESCENT LOGISTICS OPERATING PARTNERSHIP PARTNER CONSENTSecurity Agreement • November 14th, 2002 • Vornado Operating Co • Real estate investment trusts
Each of Vornado Operating and Crescent Operating hereby acknowledge and agree that it is in the best interests of the Partnership to cause AmeriCold Logistics, LLC, a Delaware limited liability company, and a wholly-owned subsidiary of the Partnership (the "Company"), to enter into the Security Agreement (the "Agreement") and execute the Secured Promissory Note (the "Note"), each dated as of March 11, 2002, with Vornado Operating, in the forms attached hereto. In addition, each of the undersigned hereby authorizes any individual holding the office of Vice-President, or any more senior office, of either the Company or Vornado Operating to execute the Agreement and Note on behalf of the Company, and any other instrument or agreement necessary or appropriate to implement the same (including a UCC financing statement), and hereby ratifies any action taken by any such individual in furtherance of the foregoing.
Exhibit 10.33 SECURED PROMISSORY NOTEVornado Operating Co • November 14th, 2002 • Real estate investment trusts
FOR VALUE RECEIVED, the undersigned, AMERICOLD LOGISTICS, LLC, a Delaware limited liability company (hereinafter referred to as "Borrower"), hereby promises to pay to the order of VORNADO OPERATING L.P., a Delaware limited partnership (hereinafter referred to as "Noteholder," which term shall mean the holder at any particular time of this Note) the principal sum of SIX MILLION and NO/100ths DOLLARS ($6,000,000.00), together with interest as hereinafter provided.
WITNESSETH:Security Agreement • November 14th, 2002 • Vornado Operating Co • Real estate investment trusts
