LOAN AGREEMENT Dated as of August 25, 2005 Between AFL05 DUNCAN SC LLC, as a Borrower and LITTLE ARCH CHARLOTTE NC LLC, as a Borrower and BANK OF AMERICA, N.A., as LenderLoan Agreement • August 29th, 2005 • Gladstone Commercial Corp • Lessors of real property, nec
THIS LOAN AGREEMENT, dated as of August 25, 2005 (as amended, restated, replaced, supplemented or otherwise modified from time to time, this “Agreement”), between BANK OF AMERICA, N.A., a national banking association, having an address at c/o LJ Melody and Company, GEMSA Loan Services, LP, 1500 City West Blvd., Suite 200, Houston, Texas 77042 (together with its successors and/or assigns, “Lender”), and AFL05 DUNCAN SC LLC, a Delaware limited liability company, having an address at 1521 Westbranch Drive, Suite 200, McLean, VA 22102 (together with its successors and/or assigns, “AFL”) and LITTLE ARCH CHARLOTTE NC LLC, a Delaware limited liability company, having an address at 1521 Westbranch Drive, Suite 200, McLean, VA 22102 (together with its successors and assigns, “Little Arch”, and, together with AFL, individually and collectively, as the context may require, “Borrower”).
Note Date: August 25, 2005 Borrower: AFL05 DUNCAN SC LLC, a Delaware limited liability company, and LITTLE ARCH CHARLOTTE NC LLC, a Delaware limited liability company (individually and collectively as the context may require, the “Borrower”) Original...Gladstone Commercial Corp • August 29th, 2005 • Lessors of real property, nec • North Carolina
FOR VALUE RECEIVED Borrower, having its principal place of business at 1521 Westbranch Drive, Suite 200, McLean, VA 22102, hereby unconditionally promises to pay to the order of BANK OF AMERICA, N.A., a national banking association, having an address at c/o LJ Melody and Company, GEMSA Loan Services, LP, 1500 City West Blvd., Suite 200, Houston, TX 77042 (“Lender”), the Original Principal Amount, in lawful money of the United States of America with interest thereon to be computed from the date of this Note at the Note Rate, and to be paid in accordance with the terms set forth below. The Loan Terms Table set forth above is a part of this Note and all terms used in this Note which are defined in the Loan Terms Table shall have the meaning set forth therein. All capitalized terms not defined herein shall have the respective meanings set forth in that certain Loan Agreement dated the date hereof between Lender and Borrower (the “Loan Agreement”).
