LLC Consent for Manager-Managed Company (Real Estate Financing) (IL) | Practical Law

LLC Consent for Manager-Managed Company (Real Estate Financing) (IL) | Practical Law

A consent for a manager-managed Illinois limited liability company (LLC) that is obtaining a commercial real estate loan. This consent authorizes the LLC's managers, on behalf of the LLC, to enter into the loan documents and to execute and deliver all the other instruments necessary for closing the loan transaction. This Standard Document has integrated notes with important explanations and drafting and negotiating tips.

LLC Consent for Manager-Managed Company (Real Estate Financing) (IL)

Practical Law Standard Document w-000-0430 (Approx. 13 pages)

LLC Consent for Manager-Managed Company (Real Estate Financing) (IL)

by Practical Law Real Estate
MaintainedIllinois
A consent for a manager-managed Illinois limited liability company (LLC) that is obtaining a commercial real estate loan. This consent authorizes the LLC's managers, on behalf of the LLC, to enter into the loan documents and to execute and deliver all the other instruments necessary for closing the loan transaction. This Standard Document has integrated notes with important explanations and drafting and negotiating tips.