VORNADO CRESCENT LOGISTICS OPERATING PARTNERSHIP PARTNER CONSENTPartner Consent • 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.
