Common use of Specific amendments to Loan Agreement Clause in Contracts

Specific amendments to Loan Agreement. Upon the effectiveness of this Amendment, the parties hereto agree that the Loan Agreement is amended as follows: 1.1 The Loan Agreement is amended by restating in its entirety the table set forth in the definition of “Applicable Margin”, clause (a) of the definition of “Condominium Property Value”, clause (c) of the definition of “Debt”, clauses (a)(iii) and (b) of the definition of “Gross Asset Value”, the definition of “Guarantor”, clause (a) of the definition of “Renovation Property Value”, the definition of “Termination Date”, and clause (c) of the definition of “Unencumbered Pool Asset”, in each case in Section 1.1 thereof as follows: “Applicable Margin” … Level Borrower’s Credit Rating (S&P or Xxxxx’x or other approved Rating Agency) Applicable Margin 1 BBB+/Baa1 (or higher) 1.15 % 2 BBB/Baa2 1.25 % 3 BBB-/Baa3 1.65 % 4 BBB-/Baa3 (or lower) 2.05 %

Specific amendments to Loan Agreement. Upon the effectiveness of this Amendment, the parties hereto agree that the Loan Agreement is amended as follows: 1.1 (a) The Loan Agreement is amended by restating in its entirety the table set forth in the definition of “Applicable Margin”, the definition of “Commitment”, clause (a) of the definition of “Condominium Property Value”, clause (c) of the definition of “Debt”, clauses (a)(iii) and (b) of the definition of “Gross Asset Value”, the definition of “Guarantor”, the definition of “LIBOR”, the definition of “Loan”, clause (a) of the definition of “Renovation Property Value”, the definition of “Termination Date”, and clause (c) of the definition of “Unencumbered Pool Asset”, in each case in Section 1.1 thereof as follows: “Applicable Margin” … Level Borrower’s Credit Rating (S&P or Xxxxx’x or other approved Rating Agency) Applicable Margin 1 BBB+/Baa1 (or higher) 1.15 % 2 BBB/Baa2 1.25 % 3 BBB-/Baa3 1.65 % 4 BBB-/Baa3 (or lower) 2.05 %