FIRST AMENDMENT TO UNSECURED
REVOLVING CREDIT AGREEMENT
This First Amendment to Unsecured Revolving Credit Agreement (this
"Amendment") is made as of the 26th day of November, 1996, by and among
CENTERPOINT PROPERTIES CORPORATION, a Maryland corporation (the "Borrower"), the
several banks, financial institutions and other entities from time to time
parties to the Credit Agreement described below (collectively, the "Lenders"),
XXXXXX BROTHERS HOLDINGS INC., d/b/a/ Xxxxxx Capital, a division of Xxxxxx
Brothers Holdings Inc. ("Xxxxxx"), not individually but as Documentation Agent,
and THE FIRST NATIONAL BANK OF CHICAGO, not individually, but as "Administrative
Agent."
R E C I T A L S:
A. The Lenders, the Administrative Agent, and Xxxxxx as Documentation
Agent are parties to an Unsecured Revolving Credit Agreement dated as of October
23, 1996 (the "Credit Agreement"). All capitalized terms used in this agreement
and not otherwise defined herein shall have the meanings described as such terms
in the Credit Agreement.
B. The parties desire to amend the Credit Agreement to clarify the way in
which the interest rate applicable under the Facility is rounded.
NOW, THEREFORE, in consideration of the foregoing recitals and for other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:
A G R E E M E N T S
1. The foregoing Recitals to this Amendment hereby are incorporated into
and made a part of this Amendment.
2. The following sentence is hereby added to the definition of "LIBOR
Base Rate" in Article I of the Credit Agreement:
The LIBOR Base Rate shall be rounded to the
next higher multiple of 1/16 of 1% if the rate
is not such a multiple.
3. The last sentence in the definition of LIBOR Rate in Article I of the
Credit Agreement is hereby deleted.
4. All of the obligations of the parties to the Credit Agreement, as
amended hereby, are hereby ratified and confirmed. All references to the Credit
Agreement shall henceforth be deemed to refer to the Credit Agreement as amended
by this Amendment.
5. This Amendment may be executed in any number of counterparts, all of
which taken together shall constitute one agreement, and any of the parties
hereto may execute this Amendment by signing such counterpart.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of
the date first above written.
CENTERPOINT PROPERTIES
CORPORATION, a Maryland corporation
By: /s/ Xxxx X. Xxxxxx
---------------------------------
Print Name:
-------------------------
Title: Chief Financial Officer
------------------------------
000 X. Xxxxxxxx Xxxxxx, Xxxxx 0000
Xxxxxxx, XX 00000
Attention: Xxxx X. Xxxxxx
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
THE FIRST NATIONAL BANK OF
CHICAGO, Individually and as
Administrative Agent
By: /s/ Xxxxx X. Xxxxxx
---------------------------------
Print Name:
-------------------------
Title: Corporate Banking Officer
------------------------------
Xxx Xxxxx Xxxxxxxx Xxxxx
Xxxxxxx, Xxxxxxxx 00000
Attention: Xxxxx X. Xxxxxx
Suite 0151, 14th Floor
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
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XXXXXX BROTHERS HOLDINGS, INC.,
d/b/a Xxxxxx Capital, a division of Xxxxxx
Brothers Holdings, Inc., Individually and as
Documentation Agent
By: /s/ Xxxxxxx X. Xxxxxxx
---------------------------------
Print Name:
-------------------------
Title: Vice President
------------------------------
3 World Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000-0000
Attention: Xxxxxxx X. Xxxxxx, Floor 12
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
THE FIRST NATIONAL BANK OF
BOSTON
By: /s/ Xxxx X. Xxxxx
---------------------------------
Print Name:
-------------------------
Title: Vice President
------------------------------
Notice Address:
The First National Bank of Boston
000 Xxxxxxx Xxxxxx
Xxxxxx, Xxxxxxxxxxxxx 00000
Attention: Real Estate Department
Facsimile: (000) 000-0000
-3-
NATIONSBANK, N.A. (SOUTH)
By: /S/ Xxxxx Xxxxxxx
---------------------------------
Print Name:
-------------------------
Title: Senior Vice President
------------------------------
Notice Address:
Nationsbank Plaza
000 Xxxxxxxxx, 0xx Xxxxx
Xxxxxxx, Xxxxxxx 00000
Attention: Xxxxx Xxxxxxx
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
BANK OF AMERICA ILLINOIS
By: /s/ Xxxxxx X. Xxxxxxxx, Xx.
---------------------------------
Name:
-------------------------------
Title: Vice President
------------------------------
Notice Address:
Bank of America Illinois
000 X. XxXxxxx Xxxxxx, 00xx Xxxxx
Xxxxxxx, Xxxxxxxx 00000
Attention: Xxxxxx X. Xxxxxxxx, Xx.
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
-4-
LASALLE NATIONAL BANK
By: /s/ Xxxx X. Xxxx
---------------------------------
Name:
-------------------------------
Title: Executive Vice President
------------------------------
Notice Address:
LaSalle National Bank
000 X. XxXxxxx Xxxxxx, Xxxxx 0000
Xxxxxxx, Xxxxxxxx 00000
Attention: Xxxx Xxxx
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
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