AMENDMENT NO. 2 Dated as of December 20, 2019 to AMENDED AND RESTATED CREDIT AGREEMENT Dated as of December 7, 2018
EXHIBIT (b)(3)
AMENDMENT NO. 2
Dated as of December 20, 2019
to
AMENDED AND RESTATED CREDIT AGREEMENT
Dated as of December 7, 2018
THIS AMENDMENT NO. 2 (this “Amendment”) is made as of December 20, 2019 by and among Extra Space Storage LP, a Delaware limited partnership (the “Borrower”), the financial institutions signatory hereto as Lenders, and U.S. Bank National Association, as Administrative Agent (the “Administrative Agent”). Capitalized terms used herein and not otherwise defined herein shall have the respective meanings given to them in the Credit Agreement (as defined below).
WHEREAS, the Borrower, Extra Space Storage Inc., certain financial institutions party thereto (the “Lenders”) and the Administrative Agent are party to an Amended and Restated Credit Agreement dated as of December 7, 2018 (as amended by that certain Amendment No. 1, dated as of July 1, 2019, and as further amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”); and
WHEREAS, the Borrower, the Lenders and the Administrative Agent have agreed to amend the Credit Agreement on the terms and conditions set forth herein;
NOW, THEREFORE, in consideration of the premises set forth above, the terms and conditions contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Borrower, the Lenders and the Administrative Agent have agreed to enter into this Amendment.
1. Amendments to Credit Agreement. Effective as of the date of satisfaction or waiver of the conditions precedent set forth in Section 2 below, the parties hereto agree as follows:
(a) Section 1.1 of the Credit Agreement is hereby amended to amend and restate or add, as applicable, the following definitions in their appropriate alphabetical order therein:
“Amendment No. 2 Effective Date” means December 20, 2019.
“BHC Act Affiliate” of a party shall mean an “affiliate” (as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such party.
“Covered Entity” means any of the following:
(a) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §252.82(b);
(b) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §47.3(b); or
(c) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §382.2(b).
“Covered Party” has the meaning set forth in Section 9.17.
“Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. § 252.81, 47.2 or 382.1, as applicable.
“Investment Grade Election” means, in the event that the Borrower obtains either (i) a debt rating on Borrower’s senior unsecured long-term debt securities of BBB- or better from S&P or (ii) a debt rating on Borrower’s senior unsecured long-term debt securities of Baa3 or better from Xxxxx’x, the Borrower’s one-time irrevocable election, by written notice to the Administrative Agent, to determine the Applicable Margins and Applicable Fee Rates by reference to the “Rating-Based Pricing” tables in the Pricing Schedule.
“QFC” has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. § 5390(c)(8)(D).
“QFC Credit Support” has the meaning set forth in Section 9.17.
“Supported QFC” has the meaning set forth in Section 9.17.
“U.S. Special Resolution Regime” has the meaning set forth in Section 9.17.
(b) The first sentence of Section 2.24 of the Credit Agreement is hereby amended to delete the reference to “$2,000,000,000” therein and to substitute “$2,500,000,000” therefor.
(c) Article IX of the Credit Agreement is hereby amended to add the following new Section 9.17 thereto immediately following Section 9.16:
SECTION 9.17 Acknowledgement Regarding Any Supported QFCs. To the extent that the Loan Documents provide support, through a guarantee or otherwise, for obligations under Derivatives Contracts or any other agreement or instrument that is a QFC (such support, “QFC Credit Support” and each such QFC a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regime”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States):
In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be
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exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support.
(d) The Pricing Schedule attached to the Credit Agreement shall be amended and restated in its entirety as set forth on Annex I hereto.
2. Conditions of Effectiveness. The effectiveness of this Amendment is subject to the Administrative Agent’s receipt of:
(a) counterparts of this Amendment duly executed by the Borrower, each Lender and the Administrative Agent;
(b) the Consent and Reaffirmation attached hereto as Annex II (the “Reaffirmation”) duly executed by the REIT and each Guarantor;
(c) all of the Administrative Agent’s accrued costs, fees and expenses in connection with this Amendment through the date hereof that are required to be paid on or prior to the date hereof pursuant to Section 9.6(a) of the Credit Agreement; and
(d) an amendment fee, payable to the Administrative Agent for distribution to each applicable Lender, equal to $2,000 per Lender that consents hereto by providing an executed signature page to this Amendment on or before the Amendment No. 2 Effective Date.
3. Representations and Warranties of the Borrower. The Borrower hereby represents and warrants as follows as of the Amendment No. 2 Effective Date:
(a) This Amendment and the Credit Agreement (as amended hereby) constitute the legal, valid and binding obligations of the Borrower enforceable against the Borrower in accordance with their terms, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights.
(b) As of the date hereof after giving effect to the terms of this Amendment, (i) no Default or Event of Default has occurred and is continuing and (ii) the representations and warranties of the Borrower contained in Article V of the Credit Agreement are (A) with respect to any representations or warranties that contain a materiality qualifier, true and correct in all respects as of the Amendment No. 2 Effective Date, except to the extent any such representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty shall have been true and correct in all respects on and as of such earlier date and (B) with respect to any representations or warranties that do not contain a materiality qualifier, true and correct in all material respects as of the Amendment No. 2 Effective Date, except to the extent any such representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty shall have been true and correct in all material respects on and as of such earlier date.
4. Reference to and Effect on the Credit Agreement.
(a) Upon the effectiveness hereof, each reference to the Credit Agreement in the Credit Agreement or any other Loan Document shall mean and be a reference to the Credit Agreement, as amended hereby. Each of this Amendment and the Reaffirmation constitutes a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents.
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(b) Except as specifically amended above, the Credit Agreement and all other documents, instruments and agreements executed and/or delivered in connection therewith shall remain in full force and effect and are hereby ratified and confirmed.
(c) The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the Administrative Agent or the Lenders, nor constitute a waiver of any provision of the Credit Agreement or any other documents, instruments and agreements executed and/or delivered in connection therewith.
5. Governing Law. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS (WITHOUT REGARD TO THE CONFLICT OF LAWS PROVISIONS THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF A STATE OTHER THAN THE STATE OF NEW YORK) OF THE STATE OF NEW YORK, BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS.
6. Headings. Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose.
7. Counterparts. This Amendment may be executed by one or more of the parties hereto on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Amendment by telecopy, e-mailed .pdf or any other electronic means that reproduces an image of the actual executed signature page shall be effective as delivery of a manually executed counterpart of this Amendment.
[Signature Pages Follow]
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IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and year first above written.
EXTRA SPACE STORAGE LP, as the Borrower | ||||||||
By: | ESS Holdings Business Trust I | |||||||
Its: | General Partner | |||||||
By: | /s/ P. Xxxxx Xxxxxx | |||||||
Name: | P. Xxxxx Xxxxxx | |||||||
Title: | Trustee |
Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement
Extra Space Storage LP
U.S. BANK NATIONAL ASSOCIATION, as a Lender and as Administrative Agent | ||
By: | /s/ Xxxxxx Xxxxx | |
Name: | Xxxxxx Xxxxx | |
Title: | Vice President |
Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement
Extra Space Storage XX
XXXXX FARGO BANK, NATIONAL ASSOCIATION, as a Lender | ||
By: | /s/ Xxxx Xxxxxxx | |
Name: | Xxxx Xxxxxxx | |
Title: | Senior Vice President |
Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement
Extra Space Storage LP
BANK OF AMERICA, N.A., as a Lender | ||
By: | /s/ Xxxxx Xxxxxxxxx | |
Name: | Xxxxx Xxxxxxxxx | |
Title: | Senior Vice President |
Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement
Extra Space Storage LP
PNC BANK, NATIONAL ASSOCIATION, as a Lender | ||
By: | /s/ Xxxxxx X. Xxxxxx | |
Name: | Xxxxxx X. Xxxxxx | |
Title: | Senior Vice President |
Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement
Extra Space Storage LP
TD BANK, as a Lender | ||
By: | /s/ Xxxxxxxx Xxxxxx | |
Name: | Xxxxxxxx Xxxxxx | |
Title: | Vice President |
Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement
Extra Space Storage LP
JPMORGAN CHASE BANK, N.A., as a Lender | ||
By: | /s/ Xxxxxxxxx Xxxx | |
Name: | Xxxxxxxxx Xxxx | |
Title: | Executive Director |
Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement
Extra Space Storage LP
BMO XXXXXX BANK N.A., as a Lender | ||
By: | /s/ Xxxxx X. Xxxxxxxx | |
Name: | Xxxxx X. Xxxxxxxx | |
Title: | Vice President |
Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement
Extra Space Storage LP
BANK OF THE WEST, as a Lender | ||
By: | /s/ Xxxxxxx Xxxxxxx | |
Name: | Xxxxxxx Xxxxxxx | |
Title: | Vice President |
Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement
Extra Space Storage LP
CITIBANK, N.A., as a Lender | ||
By: | /s/ Xxxxx Xxxxxx | |
Name: | Xxxxx Xxxxxx | |
Title: | Authorized Signatory |
Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement
Extra Space Storage LP
BBVA USA, as a Lender | ||
By: | /s/ Xxxxx Xxxxxx | |
Name: | Xxxxx Xxxxxx | |
Title: | Senior Vice President |
Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement
Extra Space Storage LP
REGIONS BANK, as a Lender | ||
By: | /s/ Xxxx X. Xxxxxx | |
Name: | Xxxx X. Xxxxxx | |
Title: | Vice President |
Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement
Extra Space Storage LP
TRUIST BANK, formerly known as BRANCH BANKING AND TRUST COMPANY, as a Lender | ||
By: | /s/ Xxxxxxxx X. Xxxxx | |
Name: | Xxxxxxxx X. Xxxxx | |
Title: | Vice President |
Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement
Extra Space Storage LP
ASSOCIATED BANK, NATIONAL ASSOCIATION, as a Lender | ||
By: | /s/ Xxxxxxx X. Xxxxxx | |
Name: | Xxxxxxx X. Xxxxxx | |
Title: | Senior Vice President |
Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement
Extra Space Storage XX
XXXXXX XXXXXXX BANK, N.A., as a Lender | ||
By: | /s/ Xxxx Xxxxxx | |
Name: | Xxxx Xxxxxx | |
Title: | Authorized Signatory |
Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement
Extra Space Storage LP
BOKF, NA, as a Lender | ||
By: | /s/ Xxxxxxxx [illegible] | |
Name: | Xxxxxxxx [illegible] | |
Title: | Senior Vice President |
Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement
Extra Space Storage LP
ANNEX I
PRICING SCHEDULE
I. Leverage-Based Pricing
From the Effective Date until the Investment Grade Election, the Applicable Margin and the Applicable Fee Rate shall be determined as set forth below.
A. Revolving Loans
Level |
Consolidated Leverage Ratio |
Applicable Margin for Eurodollar Rate Loans |
Applicable Margin for Base Rate Loans |
Applicable Fee Rate | ||||
1 | < 35% | 1.050% | 0.050% | 0.150% | ||||
2 | ³ 35% but < 40% | 1.100% | 0.100% | 0.150% | ||||
3 | ³ 40% but < 45% | 1.150% | 0.150% | 0.200% | ||||
4 | ³ 45% but < 50% | 1.250% | 0.250% | 0.200% | ||||
5 | ³ 50% but < 55% | 1.300% | 0.300% | 0.300% | ||||
6 | ³ 55% | 1.500% | 0.500% | 0.300% |
B. Tranche 1 Term Loans, Tranche 2 Term Loans and Tranche 3 Term Loans
Level |
Consolidated Leverage Ratio |
Applicable Margin for Eurodollar Rate Loans |
Applicable Margin for Base Rate Loans | |||
1 | < 35% | 1.200% | 0.200% | |||
2 | ³ 35% but < 40% | 1.250% | 0.250% | |||
3 | ³ 40% but < 45% | 1.350% | 0.350% | |||
4 | ³ 45% but < 50% | 1.400% | 0.400% | |||
5 | ³ 50% but < 55% | 1.500% | 0.500% | |||
6 | ³ 55% | 1.700% | 0.700% |
C. Tranche 4 Term Loans
Level |
Consolidated Leverage Ratio |
Applicable Margin for Eurodollar Rate Loans |
Applicable Margin for Base Rate Loans | |||
1 | < 35% | 1.500% | 0.500% | |||
2 | ³ 35% but < 40% | 1.600% | 0.600% |
3 | ³ 40% but < 45% | 1.650% | 0.650% | |||
4 | ³ 45% but < 50% | 1.750% | 0.750% | |||
5 | ³ 50% but < 55% | 1.850% | 0.850% | |||
6 | ³ 55% | 2.200% | 1.200% |
For the purposes of Section I (Leverage-Based Pricing) of this Schedule, “Financials” means the annual or quarterly financial statements of the Borrower delivered pursuant to Section 6.1(a) or (b).
Until the Investment Grade Election, the Applicable Margin and Applicable Fee Rate shall be determined in accordance with the foregoing table based on the Borrower’s Consolidated Leverage Ratio as reflected in the then most recent Financials. Adjustments, if any, to the Applicable Margin and Applicable Fee Rate shall be effective from and after the first Business Day immediately following the date on which the delivery of such Financials is required until the first Business Day immediately following the next such date on which delivery of such Financials of the REIT and its Subsidiaries is so required. If the Borrower fails to deliver the Financials to the Administrative Agent at the time required pursuant to Section 6.1, then the Applicable Margin and Applicable Fee Rate shall be the highest Applicable Margin and Applicable Fee Rate set forth in the foregoing table until five (5) days after such Financials are so delivered.
Notwithstanding the foregoing, (a) Level 2 shall be deemed to be applicable until the Administrative Agent’s receipt of the applicable Financials for the Borrower’s first fiscal quarter ending after the Effective Date, and adjustments to the Level then in effect shall thereafter be effected in accordance with the preceding paragraph and (b) Level 3 shall be deemed to be applicable for the Tranche 3 Term Loans and Tranche 4 Term Loans until the Administrative Agent’s receipt of the applicable Financials for the Borrower’s fiscal quarter ending June 30, 2019.
II. Rating-Based Pricing
From and after the Investment Grade Election, the Applicable Margin and the Applicable Fee Rate shall be determined as set forth below. For the avoidance of doubt, such pricing shall be effective from and after the date of the Investment Grade Election.
A. Revolving Loans
Level |
Rating |
Applicable Margin for Eurodollar Loans |
Applicable Margin for Base Rate Loans |
Applicable Fee Rate | ||||
1 | A or higher/A2 or higher | 0.750% | 0.00% | 0.100% | ||||
2 | A-/A3 | 0.775% | 0.00% | 0.125% | ||||
3 | BBB+/Baa1 | 0.825% | 0.00% | 0.150% | ||||
4 | BBB/Baa2 | 0.900% | 0.00% | 0.200% | ||||
5 | BBB-/Baa3 | 1.100% | 0.100% | 0.250% | ||||
6 | <BBB-/Baa3 | 1.450% | 0.450% | 0.300% |
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B. Tranche 1 Term Loans, Tranche 2 Term Loans and Tranche 3 Term Loans
Level |
Rating |
Applicable Margin for Eurodollar Loans |
Applicable Margin for Base Rate Loans | |||
1 | A or higher/A2 or higher | 0.800% | 0.00% | |||
2 | A-/A3 | 0.850% | 0.00% | |||
3 | BBB+/Baa1 | 0.900% | 0.00% | |||
4 | BBB/Baa2 | 1.000% | 0.00% | |||
5 | BBB-/Baa3 | 1.250% | 0.250% | |||
6 | <BBB-/Baa3 | 1.650% | 0.650% |
C. Tranche 4 Term Loans
Level |
Rating |
Applicable Margin for Eurodollar Loans |
Applicable Margin for Base Rate Loans | |||
1 |
A or higher/A2 or higher | 1.400% | 0.400% | |||
2 |
A-/A3 | 1.400% | 0.400% | |||
3 |
BBB+/Baa1 | 1.450% | 0.450% | |||
4 |
BBB/Baa2 | 1.550% | 0.550% | |||
5 |
BBB-/Baa3 | 1.700% | 0.700% | |||
6 |
<BBB-/Baa3 | 2.250% | 1.250% |
For the purposes of Section II (Rating-Based Pricing) of this Schedule, the following terms have the following meanings, subject to the final two paragraphs of this Section II:
“Xxxxx’x Rating” means, at any time, the rating issued by Xxxxx’x and then in effect with respect to the Borrower’s senior unsecured long-term debt securities without third-party credit enhancement.
“Rating” means, as applicable, each of the Xxxxx’x Rating, the S&P Rating and any other rating issued by another nationally recognized ratings agency and then in effect with respect to the Borrower’s senior unsecured long-term debt securities without third-party credit enhancement, as applicable.
“S&P Rating” means, at any time, the rating issued by S&P and then in effect with respect to the Borrower’s senior unsecured long-term debt securities without third-party credit enhancement.
The Applicable Margin and Applicable Fee Rate shall be determined in accordance with the foregoing table based on the Borrower’s Level as determined from its then-current Rating or Ratings. The credit rating in effect on any date for the purposes of this Schedule is that in effect at the close of
business on such date. If the Borrower maintains only one Rating and such Rating is from Xxxxx’x or S&P, then such Rating shall be used to determine the applicable pricing level. If the Borrower has more than one Rating and such Ratings differ by one level, then the applicable level will be the higher Rating. If the Borrower has more than one Rating and such Ratings differ by two or more levels, then the applicable level will be the level corresponding to the midpoint between the two Ratings (unless there is no midpoint, in which case the applicable level will be one level below the level corresponding to the higher Rating). If the Borrower obtains debt ratings from three nationally recognized rating agencies, the applicable level will be the lower of the highest two ratings (provided that one of the two highest ratings must be from either S&P or Xxxxx’x). If the Borrower has a debt rating from neither Xxxxx’x or S&P, then Xxxxx 0 shall exist. Once the Borrower has made the Investment Grade Election, the Leverage-Based Pricing tables above shall cease to be available.
Any change in the Borrower’s Rating which would cause it to move to a different level shall be effective as of the first Business Day following receipt by the Administrative Agent of written notice delivered by the Borrower in accordance with the Loan Documents that the Borrower’s Rating has changed; provided, however, if the Borrower has not delivered such required notice but the Administrative Agent becomes aware that the Borrower’s Rating has changed, then the Administrative Agent may, in its sole discretion, adjust the level effective as of the first Business Day following the date upon which the Administrative Agent becomes aware that the Borrower’s Rating has changed.
ANNEX II
CONSENT AND REAFFIRMATION
Each of the undersigned hereby acknowledges receipt of a copy of the foregoing Amendment No. 2 to the Amended and Restated Credit Agreement dated as of December 7, 2018 (as amended, restated, supplemented or otherwise modified, the “Credit Agreement”) by and among Extra Space Storage LP (the “Borrower”), Extra Space Storage Inc. (the “REIT”), the financial institutions from time to time party thereto (the “Lenders”) and U.S. Bank National Association, as Administrative Agent for the Lenders (the “Administrative Agent”), which Amendment No. 2 is dated as of December 20, 2019 (the “Amendment”). Capitalized terms used in this Consent and Reaffirmation and not defined herein shall have the meanings given to them in the Credit Agreement. Without in any way establishing a course of dealing by the Administrative Agent or any Lender, each of the undersigned (i) consents to the Amendment, (ii) reaffirms its obligations under the Credit Agreement, the Guaranty and each and every other Loan Document to which it is a party and (iii) acknowledges and agrees that such Credit Agreement and each and every such Loan Document executed by the undersigned in connection with the Credit Agreement remains in full force and effect and is hereby reaffirmed, ratified and confirmed. All references to the Credit Agreement contained in the above-referenced documents shall be a reference to the Credit Agreement as so modified by the Amendment.
Dated: December 20, 2019
[Signature Pages Follow]
ASSC HT LLC
ASSC MH LLC
ASSC WH LLC
ASSC WL LLC
BREN STORAGE, LLC
EDGEWATER REIT ACQUISITION (MD) LLC
EP RHINO, LLC
ESP 135 LLC
ESP SEVEN SUBSIDIARY LLC
ESS BALTIMORE LLC
ESS OF PLANTATION LLC
ESS PROPERTIES 116 LLC
ESS PROPERTIES 151 LLC
ESS STORAGE ACQUISITION EIGHT LLC
ESS STORAGE ACQUISITION ELEVEN LLC
ESS STORAGE ACQUISITION FIFTEEN LLC
ESS STORAGE ACQUISITION FIVE LLC
ESS STORAGE ACQUISITION FOUR LLC
ESS STORAGE ACQUISITION FOURTEEN LLC
ESS STORAGE ACQUISITION NINE LLC
ESS STORAGE ACQUISITION ONE LLC
ESS STORAGE ACQUISITION SEVEN LLC
ESS STORAGE ACQUISITION SIX LLC
ESS STORAGE ACQUISITION TEN LLC
ESS STORAGE ACQUISITION THIRTEEN LLC
ESS STORAGE ACQUISITION THREE LLC
ESS STORAGE ACQUISITION TWELVE LLC
ESS STORAGE ACQUISITION TWO LLC
ESS WCOT FL LLC
ESS-H BAYCHESTER ASSOCIATES, LLC
ESS-H BLOOMFIELD INVESTMENT LLC
ESS-H CHEMICAL ROAD INVESTMENTS, LLC
ESS-H ELMONT ASSOCIATES LLC
EXTRA SPACE OF ANNAPOLIS LLC
EXTRA SPACE OF ANNAPOLIS MEMBER LLC
EXTRA SPACE OF AUSTIN BLUFFS LLC
EXTRA SPACE OF AVENEL LLC
EXTRA SPACE OF CASTLE ROCK LLC
EXTRA SPACE OF EASTERN AVENUE LLC
EXTRA SPACE OF EDGEWOOD LLC
EXTRA SPACE OF EDGEWOOD PULASKI HWY LLC
EXTRA SPACE OF FREEPORT LLC
EXTRA SPACE OF FT WASHINGTON LLC
EXTRA SPACE OF FT WASHINGTON MEMBER LLC
EXTRA SPACE OF HANOVER NEW RIDGE ROAD LLC
EXTRA SPACE OF HILO LLC
EXTRA SPACE OF HONOLULU AHUA STREET LLC
EXTRA SPACE OF HONOLULU KEAHOLE STREET LLC
EXTRA SPACE OF LAUREL HEIGHTS LLC
EXTRA SPACE OF LIHUE LLC
EXTRA SPACE OF LOS ANGELES XXXXXXX AVE LLC
Signature Page to Consent and Reaffirmation
Amendment No. 2 to Amended and Restated Credit Agreement
Extra Space Storage LP
EXTRA SPACE OF MANAYUNK LLC
EXTRA SPACE OF MASSACHUSETTS THREE LLC
EXTRA SPACE OF MINNETONKA LLC
EXTRA SPACE OF NANUET TWO LLC
EXTRA SPACE OF NORTH HOLLYWOOD COLDWATER CANYON LLC
EXTRA SPACE OF PENNSYLVANIA LLC
EXTRA SPACE OF RANDALLSTOWN LLC
EXTRA SPACE OF RICHMOND XXXXXX AVE LLC
EXTRA SPACE OF SUNLAND FOOTHILL BLVD LLC
EXTRA SPACE OF VAN NUYS XXXXXX LLC
EXTRA SPACE PROPERTIES 101 LLC
EXTRA SPACE PROPERTIES 102 LLC
EXTRA SPACE PROPERTIES 103 LLC
EXTRA SPACE PROPERTIES 110 LLC
EXTRA SPACE PROPERTIES 112 LLC
EXTRA SPACE PROPERTIES 113 LLC
EXTRA SPACE PROPERTIES 120 LLC
EXTRA SPACE PROPERTIES 122 LLC
EXTRA SPACE PROPERTIES 131 LLC
EXTRA SPACE PROPERTIES 132 LLC
EXTRA SPACE PROPERTIES EIGHTEEN LLC
EXTRA SPACE PROPERTIES EIGHTY FIVE LLC
EXTRA SPACE PROPERTIES EIGHTY LLC
EXTRA SPACE PROPERTIES EIGHTY NINE LLC
EXTRA SPACE PROPERTIES EIGHTY ONE LLC
EXTRA SPACE PROPERTIES EIGHTY SEVEN LLC
EXTRA SPACE PROPERTIES EIGHT FOUR LLC
EXTRA SPACE PROPERTIES FIFTY ONE LLC
EXTRA SPACE PROPERTIES FIFTY THREE LLC
EXTRA SPACE PROPERTIES FIFTY TWO LLC
EXTRA SPACE PROPERTIES FORTY LLC
EXTRA SPACE PROPERTIES FORTY SEVEN LLC
EXTRA SPACE PROPERTIES NINETY EIGHT LLC
EXTRA SPACE PROPERTIES NINETY FIVE LLC
EXTRA SPACE PROPERTIES NINETY LLC
EXTRA SPACE PROPERTIES NINETY NINE LLC
EXTRA SPACE PROPERTIES NINETY ONE LLC
EXTRA SPACE PROPERTIES NINETY SIX LLC
EXTRA SPACE PROPERTIES NINETY THREE LLC
EXTRA SPACE PROPERTIES SEVENTY FOUR LLC
EXTRA SPACE PROPERTIES SEVENTY LLC
EXTRA SPACE PROPERTIES SEVENTY THREE LLC
EXTRA SPACE PROPERTIES SEVENTY TWO LLC
EXTRA SPACE PROPERTIES SEVENTY EIGHT LLC
EXTRA SPACE PROPERTIES THIRTY FOUR LLC
EXTRA SPACE PROPERTIES THIRTY LLC
EXTRA SPACE PROPERTIES THIRTY ONE LLC
EXTRA SPACE PROPERTIES TWENTY FIVE LLC
EXTRA SPACE PROPERTIES TWENTY FOUR LLC
EXTRA SPACE PROPERTIES TWENTY ONE LLC
EXTRA SPACE PROPERTIES TWENTY SIX LLC
Signature Page to Consent and Reaffirmation
Amendment No. 2 to Amended and Restated Credit Agreement
Extra Space Storage LP
EXTRA SPACE PROPERTIES TWO LLC
EXTRA SPACE STORAGE LLC
EXTRA SPACE WEST ONE LLC
EXTRA SPACE WEST TWO LLC
XXXXX ROAD STORAGE, LLC
HAMPSHIRE DREAM TEAM HAZLET, LLC
HPFVIII ELMONT MEMBER LLC
LINDBERGH INVESTMENTS, LLC
MADISON COUNTY SELF STORAGE, LLC
OAKDALE INVESTMENTS, LLC
SELF STORAGE REIT II, LLC
SELF STORAGE REIT, LLC
SOUTHWEST COLONIAL, LLC
SPACESAVERS, LLC
SSTI 0000 X 00XX XX, LLC
SSTI 00000 XXXXXXX XX, LLC
SSTI 0000 XXXXXX XX, LLC
SSTI 0000 X XXX XXXXX XXXX, LLC
SSTI 000 XXXXXXXXXX XX, LLC
SSTI 00 XXXXXXXX XX, LLC
SSTI 0000 XXXXXX XXXXX XX, LLC
SSTI 0000 XXXX XXXXXXXX XXXX, LLC
SSTI 0000 XXXX XX, LLC
SSTI 0000 XX XXXXXXX XXX 0, LLC
SSTI 000 XXXXXX XX, LLC
SSTI 0000 XXXXXXX XX, LLC
SSTI 0000 X XXXXXX XX, LLC
SSTI 0000 X XXXXXXX XXX, LLC
SSTI 0000 XXXXXXXX XXX, LLC
SSTI 0000 XXXXXXX XX, LLC
SSTI 0000 XXXXXXX XX, LLC
SSTI 0000 XXXXXXXX XXX, LLC
SSTI 000 XXXXXXXX XX, LLC
SSTI 000 XXX XXXXX XX, LLC
XXXX 00 XXXXXXX XX, LLC
SSTI 0000 XXXXX XXXXXXXXXX XXXX XX, LLC
SSTI 0000 X XXX XX, LLC
SSTI 0000 X XXXXXX XX, LLC
SSTI 0000 XXXXXX XX, LLC
SSTI 4435 SKIPPACK PIKE, LLC
SSTI 0000 XXXX XXXXXX XXXX, LLC
SSTI 0000 X XXXXX XXX, LLC
SSTI 000 XXXXXXXX XX, LLC
SSTI 0000 XXXXX XX, LLC
SSTI 000 XXXX XX, LLC
SSTI 0000 X XXXXXXXXX XX, LLC
SSTI 0000 XXXXXXXXX XX, LLC
SSTI 0000 X XXXXX XXX, LLC
SSTI 0000 XXXXXXXXXX XXX, LLC
SSTI 0000 XXXXXXXXXX XX, LLC
SSTI 0000 XXXXXXX XXXX XX, LLC
Signature Page to Consent and Reaffirmation
Amendment No. 2 to Amended and Restated Credit Agreement
Extra Space Storage LP
SSTI 0000 XXXXX XXXXXX XXX, LLC
SSTI 00 XXXXXXX XXX, LLC
SSTI 00 XXXXXXXXX XX, LLC
SSTI 000 XXXX XXXXXX XXXX, LLC
SSTI 000 XXXXXXX XXX, LLC
SSTI 0000 XXXX XXXX, LLC
SSTI 000 XX XXXXXX XXXXXX XX, LLC
SSTI 0000 X XXXXXXXXX XX, LLC
SSTI 99 2ND AVE, LLC
STORAGE ADVANTAGE, LLC
STORAGE DEVELOPMENT XXXXXXX, L.L.C.
STORAGE USA, L.L.C.
SUSA YPSILANTI, L.L.C.
U LOCK, LLC
USA BAY AREA SELF STORAGE GP, LLC
USA CHARLESTON LV SELF STORAGE, LLC
USA DURANGO LV SELF STORAGE, LLC
USA GREENVILLE SC SELF STORAGE GP, LLC
USA HOLLYWOOD SELF STORAGE, LLC
USA SELF STORAGE I, LLC
USA SENATE AVENUE SELF STORAGE, LLC
USA SF SELF STORAGE, LLC
WCOT EXTRA SPACE WEST TWO XXXXXX, LLC
WCOT EXTRA SPACE WEST TWO XXXXX XXXXXX, LLC
WCOT EXTRA SPACE WEST TWO CHATSWORTH, LLC
WCOT EXTRA SPACE WEST TWO OAKLAND, LLC
WCOT EXTRA SPACE WEST TWO SATICOY, LLC
XX XXXXXXX REALTY LIMITED LIABILITY COMPANY
By: |
/s/ P. Xxxxx Xxxxxx | |
Name: P. Xxxxx Xxxxxx | ||
Title: Manager |
Signature Page to Consent and Reaffirmation
Amendment No. 2 to Amended and Restated Credit Agreement
Extra Space Storage LP
EXTRA SPACE STORAGE INC. | ||
By: |
/s/ P. Xxxxx Xxxxxx | |
Name: |
P. Xxxxx Xxxxxx | |
Title: |
Chief Financial Officer and Executive Vice President |
Signature Page to Consent and Reaffirmation
Amendment No. 2 to Amended and Restated Credit Agreement
Extra Space Storage LP
ESS HOLDINGS BUSINESS TRUST I ESS HOLDINGS BUSINESS TRUST II | ||
By: |
/s/ P. Xxxxx Xxxxxx | |
Name: P. Xxxxx Xxxxxx | ||
Title: Trustee |
Signature Page to Consent and Reaffirmation
Amendment No. 2 to Amended and Restated Credit Agreement
Extra Space Storage LP
EXTRA SPACE MANAGEMENT, INC. | ||
By: |
/s/ P. Xxxxx Xxxxxx | |
Name: P. Xxxxx Xxxxxx | ||
Title: President |
Signature Page to Consent and Reaffirmation
Amendment No. 2 to Amended and Restated Credit Agreement
Extra Space Storage LP
USA GREENVILLE SC SELF STORAGE, LP | ||||
By: |
USA Greenville SC Self Storage GP, LLC | |||
Its: |
General Partner | |||
By: |
/s/ P. Xxxxx Xxxxxx | |||
Name: P. Xxxxx Xxxxxx | ||||
Title: Manager |
Signature Page to Consent and Reaffirmation
Amendment No. 2 to Amended and Restated Credit Agreement
Extra Space Storage LP
EXTRA SPACE OF PICO XXXXXX LLC | ||||
By: |
Extra Space Storage LLC | |||
Its: |
Manager | |||
By: |
/s/ P. Xxxxx Xxxxxx | |||
Name: P. Xxxxx Xxxxxx | ||||
Title: Manager |
Signature Page to Consent and Reaffirmation
Amendment No. 2 to Amended and Restated Credit Agreement
Extra Space Storage LP
USA BAY AREA SELF STORAGE, LP | ||||||
By: |
USA Bay Area Self Storage GP, LLC | |||||
Its: |
General Partner | |||||
By: |
/s/ P. Xxxxx Xxxxxx | |||||
Name: P. Xxxxx Xxxxxx | ||||||
Title: Manager |
Signature Page to Consent and Reaffirmation
Amendment No. 2 to Amended and Restated Credit Agreement
Extra Space Storage LP
EXTRA SPACE OF MORRISVILLE LP | ||||
By: |
Extra Space of Pennsylvania LLC | |||
Its: |
General Partner | |||
By: |
/s/ P. Xxxxx Xxxxxx | |||
Name: P. Xxxxx Xxxxxx | ||||
Title: Manager |
Signature Page to Consent and Reaffirmation
Amendment No. 2 to Amended and Restated Credit Agreement
Extra Space Storage LP
ESS SSTI 2015, L.P. | ||||
By: |
Edgewater REIT Acquisition (MD) LLC | |||
Its: |
General Partner | |||
By: |
/s/ P. Xxxxx Xxxxxx | |||
Name: | P. Xxxxx Xxxxxx | |||
Title: | Manager |
Signature Page to Consent and Reaffirmation
Amendment No. 2 to Amended and Restated Credit Agreement
Extra Space Storage LP
USA SS REIT II OPERATING PARTNERSHIP, L.P. | ||||
By: |
Self Storage REIT II, LLC | |||
Its: |
General Partner | |||
By: |
/s/ P. Xxxxx Xxxxxx | |||
Name: | P. Xxxxx Xxxxxx | |||
Title: | Manager |
Signature Page to Consent and Reaffirmation
Amendment No. 2 to Amended and Restated Credit Agreement
Extra Space Storage LP
SOUTH PHILADELPHIA ACQUISITION, LP | ||||
By: |
Extra Space Storage LLC | |||
Its: |
General Partner | |||
By: |
/s/ P. Xxxxx Xxxxxx | |||
Name: | P. Xxxxx Xxxxxx | |||
Title: | Manager |
Signature Page to Consent and Reaffirmation
Amendment No. 2 to Amended and Restated Credit Agreement
Extra Space Storage LP
STORAGE PARTNERS OF WARRINGTON, LP | ||||
By: |
Extra Space Storage LLC | |||
Its: |
General Partner | |||
By: |
/s/ P. Xxxxx Xxxxxx | |||
Name: | P. Xxxxx Xxxxxx | |||
Title: | Manager |
Signature Page to Consent and Reaffirmation
Amendment No. 2 to Amended and Restated Credit Agreement
Extra Space Storage LP
USA SELF STORAGE OPERATING PARTNERSHIP, LP | ||||
By: |
Self Storage REIT, LLC | |||
Its: |
General Partner | |||
By: |
/s/ P. Xxxxx Xxxxxx | |||
Name: | P. Xxxxx Xxxxxx | |||
Title: | Manager |
Signature Page to Consent and Reaffirmation
Amendment No. 2 to Amended and Restated Credit Agreement
Extra Space Storage LP