LLC Consent for Member-Managed Company (Real Estate Acquisition and Financing) (IL) | Practical Law

LLC Consent for Member-Managed Company (Real Estate Acquisition and Financing) (IL) | Practical Law

A consent for a member-managed Illinois limited liability company (LLC) that is acquiring and financing commercial real estate. This consent authorizes the members of the LLC, on behalf of the LLC, to enter into the purchase and sale agreement and loan documents and to execute and deliver all other documents necessary to complete the transaction. This Standard Document has integrated notes with important explanations and drafting and negotiating tips.

LLC Consent for Member-Managed Company (Real Estate Acquisition and Financing) (IL)

Practical Law Standard Document w-005-7583 (Approx. 12 pages)

LLC Consent for Member-Managed Company (Real Estate Acquisition and Financing) (IL)

by Practical Law Real Estate
MaintainedIllinois
A consent for a member-managed Illinois limited liability company (LLC) that is acquiring and financing commercial real estate. This consent authorizes the members of the LLC, on behalf of the LLC, to enter into the purchase and sale agreement and loan documents and to execute and deliver all other documents necessary to complete the transaction. This Standard Document has integrated notes with important explanations and drafting and negotiating tips.