SENIOR SECURED TERM LOAN AGREEMENT Dated as of July 31, 2018 among SERITAGE GROWTH PROPERTIES, L.P., as the Borrower, SERITAGE GROWTH PROPERTIES, as the Parent and a Guarantor, BERKSHIRE HATHAWAY LIFE INSURANCE COMPANY OF NEBRASKA, as Administrative...Senior Secured Term Loan Agreement • July 31st, 2018 • Seritage Growth Properties • Real estate • New York
This SENIOR SECURED TERM LOAN AGREEMENT, dated as of July 31, 2018 (as the same may be amended, modified, restated or supplemented from time to time, this “Agreement”), is among SERITAGE GROWTH PROPERTIES, L.P., a Delaware limited partnership (the “Borrower”), SERITAGE GROWTH PROPERTIES, a Maryland trust (the “Parent” and, together with each Subsidiary Guarantor (as defined below) and any guarantor added pursuant to Section 5.09, individually or collectively as the context may require, the “Guarantors”), BERKSHIRE HATHAWAY LIFE INSURANCE COMPANY OF NEBRASKA (the “Initial Lender”, and, together with each lender that shall become a party to this Agreement pursuant to Section 11.06, collectively, the “Lenders”), and BERKSHIRE HATHAWAY LIFE INSURANCE COMPANY OF NEBRASKA, as administrative agent (the “Administrative Agent”), in its capacity as Administrative Agent for the Lenders pursuant to Article X, as such Administrative Agent may be replaced pursuant to Section 10.06).
