Common Contracts

2 similar Modification Agreement contracts by Inland Real Estate Income Trust, Inc.

CONSENT TO SALE, ASSUMPTIONS AND SECOND LOAN MODIFICATION AGREEMENT
Modification Agreement • December 22nd, 2014 • Inland Real Estate Income Trust, Inc. • Real estate investment trusts

THIS CONSENT TO SALE, ASSUMPTIONS AND SECOND LOAN MODIFICATION AGREEMENT (“Agreement”) is made effective as of December 15, 2014 (the “Effective Date”), by and among KRG PLEASANT PRAIRIE RIDGE, LLC, a Delaware limited liability company, formerly known as Inland Diversified Pleasant Prairie Ridge, L.L.C. (the “Borrower”), KITE REALTY GROUP, L.P., a Delaware limited partnership (the “Guarantor”), IREIT PLEASANT PRAIRIE RIDGE, L.L.C., a Delaware limited liability company (the “Replacement Borrower”) and INLAND REAL ESTATE INCOME TRUST, INC., a Maryland corporation (the “Replacement Guarantor”) (the Borrower, the Guarantor, the Replacement Borrower and the Replacement Guarantor are hereinafter each individually on a joint and several basis referred to as, a “Loan Party” and all collectively on a joint and several basis referred to as, the “Loan Parties”) and PNC BANK, NATIONAL ASSOCIATION, a national banking association and its successors and assigns (collectively, the “Lender”).

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CONSENT TO SALE, ASSUMPTIONS AND SECOND LOAN MODIFICATION AGREEMENT
Modification Agreement • December 22nd, 2014 • Inland Real Estate Income Trust, Inc. • Real estate investment trusts

THIS CONSENT TO SALE, ASSUMPTIONS AND SECOND LOAN MODIFICATION AGREEMENT (“Agreement”) is made effective as of December 15, 2014 (the “Effective Date”), by and among KRG NEENAH FOX POINT, L.L.C., a Delaware limited liability company, formerly known as Inland Diversified Neenah Fox Point, L.L.C. (the “Borrower”), KITE REALTY GROUP, L.P., a Delaware limited partnership (the “Guarantor”), IREIT NEENAH FOX POINT, L.L.C., a Delaware limited liability company (the “Replacement Borrower”) and INLAND REAL ESTATE INCOME TRUST, INC., a Maryland corporation (the “Replacement Guarantor”) (the Borrower, the Guarantor, the Replacement Borrower and the Replacement Guarantor are hereinafter each individually on a joint and several basis referred to as, a “Loan Party” and all collectively on a joint and several basis referred to as, the “Loan Parties”) and PNC BANK, NATIONAL ASSOCIATION, a national banking association and its successors and assigns (collectively, the “Lender”).

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