EXHIBIT 10.15.10 REVOLVING NOTERevolving Note • March 16th, 1999 • Summit Properties Inc • Real estate investment trusts
FOR VALUE RECEIVED, the undersigned, SUMMIT PROPERTIES PARTNERSHIP, L.P., a limited partnership organized under the laws of the State of Delaware (the "BORROWER"), hereby promises to pay to the order of WACHOVIA BANK, N.A. (the "LENDER"), (i) subject to Section 3.5(e) of the Credit Agreement referred to below, on the last day of each Interest Period, as defined in the Credit Agreement, the aggregate unpaid principal amount of all Revolving Advances (as defined in the Credit Agreement) made by the Lender to the Borrower pursuant to Sections 3.1 and 3.2 of the Credit Agreement to which such Interest Period applies and (ii) on the Termination Date (as defined in the Credit Agreement), the lesser of the principal sum of $45,000,000 and the aggregate unpaid principal amount of all Revolving Advances made by the Lender to the Borrower pursuant to Sections 3.1 and 3.2 of the Credit Agreement, in lawful money of the United States of America in immediately available funds, and to pay interest o
EMPLOYMENT AGREEMENT THIS EMPLOYMENT AGREEMENT (the "Agreement") is made and entered into on this 1st day of July, 1998, ("Effective Date") by and between STEVEN R. LEBLANC, an individual resident of the State of Georgia (the "Executive") , SUMMIT...Employment Agreement • March 16th, 1999 • Summit Properties Inc • Real estate investment trusts • North Carolina
NONCOMPETITION AGREEMENT THIS NONCOMPETITION AGREEMENT is entered into as of July 1, 1998 ("Effective Date") by and between STEVEN R. LEBLANC ("Executive"), SUMMIT PROPERTIES INC., a Maryland corporation, and SUMMIT MANAGEMENT COMPANY, a Maryland...Non-Compete Agreement • March 16th, 1999 • Summit Properties Inc • Real estate investment trusts • North Carolina
Executive Severance Agreement AGREEMENT made as of this lst day of July 1998 by and between Summit Properties Inc., a Maryland corporation with its principal place of business in Charlotte, North Carolina (the "Company"), and Steven R. LeBlanc of...Executive Severance Agreement • March 16th, 1999 • Summit Properties Inc • Real estate investment trusts • North Carolina
PROMISSORY NOTE AND SECURITY AGREEMENTPromissory Note and Security Agreement • March 16th, 1999 • Summit Properties Inc • Real estate investment trusts • Maryland
200,000,000 Charlotte, North Carolina November 25, 1998 FOR VALUE RECEIVED, the undersigned, SUMMIT PROPERTIES PARTNERSHIP, L.P., a limited partnership organized under the laws of the State of Delaware (the "BORROWER"), hereby promises to pay to the...Competitive Note • March 16th, 1999 • Summit Properties Inc • Real estate investment trusts
FOR VALUE RECEIVED, the undersigned, SUMMIT PROPERTIES PARTNERSHIP, L.P., a limited partnership organized under the laws of the State of Delaware (the "BORROWER"), hereby promises to pay to the order of NATIONSBANK, N.A. (the "LENDER"), (i) subject to Section 3.5(e) of the Credit Agreement referred to below, on the last day of each applicable Interest Period, as defined in the Credit Agreement, the aggregate unpaid principal amount of all Competitive Advances (as defined in the Credit Agreement) made by the Lender to the Borrower pursuant to Section 3.3 of the Credit Agreement to which such Interest Period applies and (ii) on the Termination Date (as defined in the Credit Agreement), the lesser of the principal sum of $200,000,000 and the aggregate unpaid principal amount of all Competitive Advances made by the Lender to the Borrower pursuant to Section 3.3 of the Credit Agreement, in lawful money of the United States of America in immediately available funds, and to pay interest on su
November 25, 1998 First Union National Bank, as Administrative Agent and Lender under the Credit Agreement referred to below Wachovia Bank, N.A. as Lender under the Credit Agreement referred to below RE: SUMMIT PROPERTIES PARTNERSHIP, L.P. SENIOR...Credit Agreement • March 16th, 1999 • Summit Properties Inc • Real estate investment trusts
