Common use of Operating Documents Clause in Contracts

Operating Documents. On or prior to the date of the initial borrowing under the Construction Loan, Lender shall have received from Borrower and any entity Guarantor, a copy of Borrower’s and such Guarantor’s operating agreement or partnership agreement, certified as to completeness and accuracy by an appropriate officer, manager, managing member or partner of such respective Borrower and Guarantor.

Appears in 2 contracts

Sources: Construction Loan Agreement (Campus Crest Communities, Inc.), Construction Loan Agreement (Campus Crest Communities, Inc.)