APPROVAL OF LAND DOCUMENTS. The Company shall not proceed with the Initial Closing unless and until the form of documents related to the closing of the acquisition of the Land have been approved by all the Members.
Appears in 4 contracts
Samples: Operating Agreement (Wellsford Real Properties Inc), Pledge and Security Agreement (Wellsford Residential Property Trust), Operating Agreement (Wellsford Real Properties Inc)
APPROVAL OF LAND DOCUMENTS. The Company shall not proceed with the Initial Closing unless and until the form of documents related to the closing of the acquisition of the Land by the Company have been approved by all the Members.
Appears in 2 contracts
Samples: Operating Agreement (Wellsford Real Properties Inc), Assignment of Interest (Wellsford Real Properties Inc)