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Director, and the President and Executive Director are hereby authorized and directed to execute the <br />Loan Documents to which it is a party and to carry out, on behalf of the EDA, the EDA's <br />obligations thereunder. <br />1.02. The approval hereby given to the Loan Documents includes approval of such <br />additional details therein as may be necessary and appropriate and such modifications thereof, <br />deletions therefrom and additions thereto as may be necessary and appropriate and approved by <br />legal counsel to the EDA and by the President and Executive Director prior to executing said <br />documents; and said officers are hereby authorized to approve said changes on behalf of the EDA. <br />The execution of any instrument by the President and Executive Director shall be conclusive <br />evidence of the approval of such document in accordance with the terms hereof. In the event of <br />absence or disability of said officers, any of the documents authorized by this Resolution to be <br />executed may be executed without further act or authorization of the Board by any duly designated <br />acting official, or by such other officer or officers of the Board as, in the opinion of the City <br />Attorney, may act in their behalf. <br />EL 185'.30.977420_0 <br />