GUARANTY Project Commonly Known as “1129 20th Street”Guaranty • March 14th, 2007 • Republic Property Trust • Real estate investment trusts • District of Columbia
THIS GUARANTY (“Guaranty”) made as of February 16, 2007, by REPUBLIC PROPERTY LIMITED PARTNERSHIP, a Delaware limited partnership (“Republic OP”), and REPUBLIC PROPERTY TRUST, a Maryland real estate investment trust (“Trust”; Republic OP and Trust are hereinafter referred to collectively as “Guarantors”), to and for the benefit of KEYBANK NATIONAL ASSOCIATION (“KeyBank”), a national banking association, as Agent (“Agent”), and KeyBank and the other lenders now or hereafter a party to the Loan Agreement (as hereinafter defined) (the “Lenders”) (Agent and the Lenders, and their successors and assigns, are hereinafter referred to collectively as the “Credit Parties”).
CONSTRUCTION LOAN AGREEMENT for a loan in the amount of MADE BY AND BETWEEN REPUBLIC 20TH STREET LLC, a Delaware limited liability company, As Borrower AND KEYBANK NATIONAL ASSOCIATION, a national banking association, 127 Public Square, Cleveland,...Construction Loan Agreement • March 14th, 2007 • Republic Property Trust • Real estate investment trusts • District of Columbia
THIS CONSTRUCTION LOAN AGREEMENT (“Agreement”) is made as of February 16, 2007, by and among REPUBLIC 20TH STREET LLC, a Delaware limited liability company (“Borrower”), and KEYBANK NATIONAL ASSOCIATION, a national banking association (“KeyBank”), its successors and assigns, individually and as a lender and administrative agent (referred to in such capacity as “Agent” in this Agreement), and each of the undersigned lending institutions (KeyBank, as a lender, and each such lending institution, and their respective successors and assigns, referred to individually as “Lender” or collectively as the “Lenders”).
PREPARED BY AND AFTER RECORDING RETURN TO: William F. Timmons, Esq. McKenna Long & Aldridge LLP 303 Peachtree Street, N.E., Suite 5300 Atlanta, Georgia 30308Security Agreement and Fixture Filing • March 14th, 2007 • Republic Property Trust • Real estate investment trusts • District of Columbia
$61,750,000.00 OF THE $74,000,000.00 TOTAL INDEBTEDNESS WILL BE ADVANCED BY THE LENDER AT THE TIME OF RECORDATION AND SHALL BE DEEMED TO BE PURCHASE MONEY (“PURCHASE MONEY”) FOR THE PURPOSE OF CALCULATING RECORDATION TAXES PAYABLE IN THE DISTRICT OF COLUMBIA. THIS INSTRUMENT SECURES THE PURCHASE MONEY ADVANCE, FUTURE ADVANCES AND A READVANCE OF SOME OR ALL OF THE ORIGINAL PURCHASE MONEY ADVANCE.
