Common use of Partnership Proceedings Clause in Contracts

Partnership Proceedings. The Bank shall have received a copy of ----------------------- the resolutions (in form and substance satisfactory to the Bank) of the Company authorizing (i) the execution, delivery and performance of the Loan Documents to which it is a party, (ii) the consummation of the transactions contemplated thereby and (iii) the borrowings herein provided for and the granting of the mortgage liens and security interests pursuant to the Security Documents, certified by the general partner of the Company on the date of the making of the initial Loan hereunder. Such certificate shall state that the resolutions set forth therein have not been amended, modified, revoked or rescinded as of the date of such certificate.

Partnership Proceedings. The Bank shall have received a copy of ----------------------- the resolutions (in form and substance satisfactory to the Bank) of the Company authorizing (i) the execution, delivery and performance of the Loan Documents to which it is a party$3,500,000 Note and the $3,500,000 Deed of Trust, (ii) the consummation of the transactions contemplated thereby and (iii) the borrowings herein provided for and the granting of the mortgage liens and security interests pursuant to the Security Documents$3,500,000 Deed of Trust, certified by the general partner of the Company on the date of the making of the initial Loan hereundersuch advance. Such certificate shall state that the resolutions set forth therein have not been amended, modified, revoked or rescinded as of the date of such certificate.

Partnership Proceedings. The Bank shall have received a copy of ----------------------- the resolutions (in form and substance satisfactory to the Bank) of the Company authorizing (i) the execution, delivery and performance of this Agreement , the Loan Documents to which it is a party, $10,000,000 Note and the $10,000,000 Deed of Trust (ii) the consummation of the transactions contemplated thereby and (iii) the borrowings herein provided for and the granting of the mortgage liens and security interests pursuant to the Security Documents, certified by the general partner of the Company on the date of the making of the initial Loan hereundersuch advance. Such certificate shall state that the resolutions set forth therein have not been amended, modified, revoked or rescinded as of the date of such certificate.