Common use of Deliveries by Operating Partnership Clause in Contracts

Deliveries by Operating Partnership. Operating Partnership agrees to deliver (or cause to be delivered) to Pilevsky at the Closing the following agreements and documents ("Operating Partnership Documents"), all satisfactory in form and substance to Pilevsky: (a) The Assignment, duly executed by Operating Partnership; (b) A certificate of good standing and/or subsistence, dated not more than thirty (30) days prior to the Closing Date, issued by the Secretary of State of the State of Delaware with respect to Operating Partnership, the State of Maryland with respect to Philips Corp., the State of Florida with respect to Palm Springs Ltd and the state of organization of A. Pilevsky LLC with respect to A. Pilevsky LLC; (c) Certified copies of a unanimous consent duly adopted by Philips Corp. authorizing the execution, delivery and performance of this Agreement and of each of the Operating Partnership Documents; (d) General release from Operating Partnership and Philips Corp. in the form attached as Schedule D, duly executed by Operating Partnership and Philips Corp.; and (e) Such other consents, documents and instruments as may be reasonably required to effectuate the terms of this Agreement and to comply with the terms hereof.

Deliveries by Operating Partnership. Operating Partnership agrees to deliver (or cause to be delivered) to Pilevsky at the Closing the following agreements and documents ("Operating Partnership Documents"), all satisfactory in form and substance to Pilevsky: (a) The Assignment, duly executed by Operating Partnership; (b) A certificate of good standing and/or subsistence, dated not more than thirty (30) days prior to the Closing Date, issued by the Secretary of State of the State of Delaware with respect to Operating Partnership, the State of Maryland with respect to Philips Corp., the State of Florida with respect to Palm Springs Ltd and the state of organization of A. F. Pilevsky LLC with respect to A. F. Pilevsky LLC; (c) Certified copies of a unanimous consent duly adopted by Philips Corp. authorizing the execution, delivery and performance of this Agreement and of each of the Operating Partnership Documents; (d) General release from Operating Partnership and Philips Corp. in the form attached as Schedule D, duly executed by Operating Partnership and Philips Corp.; and (e) Such other consents, documents and instruments as may be reasonably required to effectuate the terms of this Agreement and to comply with the terms hereof.