LEASE GUARANTYLease Guaranty • January 30th, 2007 • Life Time Fitness Inc • Services-membership sports & recreation clubs
THIS LEASE GUARANTY (this “Guaranty”) is executed as of January 24, 2007 by LIFE TIME FITNESS, INC., a Minnesota corporation (together with any permitted successors and assigns, “Guarantor”), for the benefit of LTF CMBS I, LLC, a Delaware limited liability company (“Landlord”).
LOAN AGREEMENT Dated as of January 24, 2007 between LTF CMBS I, LLC, as Borrower, and GOLDMAN SACHS COMMERCIAL MORTGAGE CAPITAL, L.P., as LenderLoan Agreement • January 30th, 2007 • Life Time Fitness Inc • Services-membership sports & recreation clubs • Minnesota
This Loan Agreement (this “Agreement”) is dated January 24, 2007 and is between GOLDMAN SACHS COMMERCIAL MORTGAGE CAPITAL, L.P., a Delaware limited partnership, as lender (together with its successors and assigns, including any lawful holder of any portion of the Indebtedness, as hereinafter defined, “Lender”), and LTF CMBS I, LLC, a Delaware limited liability company, as borrower (together with its permitted successors and assigns, “Borrower”).
GUARANTYGuaranty • January 30th, 2007 • Life Time Fitness Inc • Services-membership sports & recreation clubs • Minnesota
THIS GUARANTY (this “Guaranty”) is executed as of January 24, 2007 by LIFE TIME FITNESS, INC., a Minnesota corporation (together with any permitted successors and assigns, “Guarantor”), for the benefit of GOLDMAN SACHS COMMERCIAL MORTGAGE CAPITAL, L.P., a Delaware limited partnership, having an address at 600 East Las Colinas Boulevard, Suite 450, Irving, Texas 75039 (together with its successors and assigns, “Lender”).
LTF CMBS I, LLC Landlord TO LTF CLUB OPERATIONS COMPANY, INC. Tenant LEASE AGREEMENT DATED AS OF JANUARY 24, 2007Lease Agreement • January 30th, 2007 • Life Time Fitness Inc • Services-membership sports & recreation clubs
This Lease amends, restates and replaces the separate Lease Agreements by and between Landlord’s predecessor in interest as owner of the Property, LTF Real Estate Company, Inc., as Landlord, and Tenant. This Lease constitutes a single, unitary, indivisible, non-severable true lease of all the demised Property. This Lease does not constitute separate leases contained in one document each governed by similar terms. The use of the expression “unitary lease” to describe this Lease is not merely for convenient reference. It is the conscious choice of a substantive appellation to express the intent of’ the parties in regard to an integral part of this transaction. To accomplish the creation of an indivisible lease, the parties agree that from an economic point of view the portions of the Property Locations leased pursuant to this Lease constitute one economic unit and that the Basic Rent and all other provisions have been negotiated and agreed to based on a demise of all the portions of the
