North Tower, LLC c/o Brookfield Properties
Exhibit 10.15
North Tower, LLC
c/o Brookfield Properties
000 Xxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
August 12, 2020
Via Electronic Mail
Citibank, N.A.
xxxxx.xxxxxxxx@xxxx.xxx
Attention: Xxxxx Xxxxxxxx
Re: North Tower, LLC - 000 X. Xxxxx Xxxxxx, Xxx Xxxxxxx, Xxxxxxxxxx
Reference is hereby made to that certain loan (with a maximum committed balance of $400,000,000) issued pursuant to that certain Loan Agreement dated as of September 21, 2018 (the “Loan Agreement”), between North Tower, LLC (“Borrower”), Citibank, N.A. (“Administrative Agent”), Citigroup Global Markets Inc. and Natixis, New York Branch, collectively, as Lead Arranger, and the Financial Institutions Party listed therein, as Lenders. Capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in the Loan Agreement.
Pursuant to Section 2.9 of the Loan Agreement, Borrower is hereby exercising its option to extend the term of the Loan from the Initial Maturity Date, set to occur October 9, 2020, to the first Extended Maturity Date occurring October 9, 2021 by giving written notice to Administrative Agent not more than ninety (90) days, but not less than thirty (30) days, prior to the Initial Maturity Date.
Please feel free to contact Xxxxx Xxxxxxxxx at Xxxxx.xxxxxxxx@xxxxxxxxxxxxxxxxxxxx.xxx or (212.417.2521) directly with any questions.
Please countersign this letter in the space provided below confirming your approval to the matters contained herein. Thank you.
Very truly yours,
North Tower, LLC By:/s/Xxxxx Kirschner Name: Xxxxx Xxxxxxxxx Title: Authorized Signatory |
Exhibit 10.15
Acknowledged and agreed to by:
ADMINISTRATIVE AGENT
CITIBANK, N.A.
By:___________________
Name:
Title: