OPERATING AGREEMENT OF CRIT-NC II, LLCOperating Agreement • December 27th, 2000 • Cornerstone Realty Income Trust Inc • Real estate investment trusts • Delaware
LIMITED PARTNERSHIP AGREEMENT OF CAC LIMITED PARTNERSHIPLimited Partnership Agreement • December 27th, 2000 • Cornerstone Realty Income Trust Inc • Real estate investment trusts • Virginia
ARTICLE ICredit Agreement • December 27th, 2000 • Cornerstone Realty Income Trust Inc • Real estate investment trusts • North Carolina
EXHIBIT 10.22 REVOLVING CREDIT NOTERevolving Credit Note • December 27th, 2000 • Cornerstone Realty Income Trust Inc • Real estate investment trusts
This Note is the Note referred to in, and is entitled to the benefits of, that certain Credit Agreement dated as of December 12, 2000 (the "Credit Agreement"), by and among the Borrowers, each Additional Borrower that may become party thereto, the lenders (including the Bank) party thereto (the "Lenders") and First Union National Bank, as Administrative Agent (the "Administrative Agent"). The Credit Agreement contains, among other things, provisions for the time, place and manner of payment of this Note, the determination of the interest rate borne by and fees payable in respect of this Note, acceleration of the payment of this Note upon the happening of certain stated events and the mandatory repayment of this Note under certain circumstances.
RECITALS:Property Management Agreement • December 27th, 2000 • Cornerstone Realty Income Trust Inc • Real estate investment trusts • Virginia
toAssignment of Leases and Rents • December 27th, 2000 • Cornerstone Realty Income Trust Inc • Real estate investment trusts
LOAN NO.: 26-5950380 THE MAYFLOWER APARTMENTS VIRGINIA BEACH, VIRGINIA ENVIRONMENTAL INDEMNITY AGREEMENT THIS ENVIRONMENTAL INDEMNITY AGREEMENT (this "Agreement"), made as of December 12, 2000 jointly and severally by CRIT-VA, INC., a Virginia...Environmental Indemnity Agreement • December 27th, 2000 • Cornerstone Realty Income Trust Inc • Real estate investment trusts
toDeed of Trust and Security Agreement • December 27th, 2000 • Cornerstone Realty Income Trust Inc • Real estate investment trusts
LOAN NO.: 26-5950380 THE MAYFLOWER APARTMENTS VIRGINIA BEACH, VIRGINIA INDEMNITY AND GUARANTY AGREEMENT THIS INDEMNITY AND GUARANTY AGREEMENT (this "Agreement"), made as of December 12, 2000 by CORNERSTONE REALTY INCOME TRUST, INC., a Virginia...Indemnity and Guaranty Agreement • December 27th, 2000 • Cornerstone Realty Income Trust Inc • Real estate investment trusts
LOAN NO.: 26-5950380 THE MAYFLOWER CONSENT AND AGREEMENT OF MANAGER The Undersigned acknowledges an assignment of documents contained in that certain Deed of Trust and Security Agreement (the "Deed of Trust") to be executed and delivered by CRIT-VA,...Consent and Agreement of Manager • December 27th, 2000 • Cornerstone Realty Income Trust Inc • Real estate investment trusts
The Undersigned has agreed to perform or supply certain services in connection with the management of the Premises pursuant to that certain Management Agreement dated as of December 12, 2000 (the "Contract") attached hereto. The Undersigned does hereby (a) warrant and represent that the Contract contains all agreements between the Undersigned and Borrower relating to property management of the Premises; (b) acknowledge and consent to the assignment of the Contract as set forth in the Deed of Trust by Borrower for the benefit of Borrower and to any further assignment thereof by Lender; (c) warrant and represent that as of the date hereof, to Manager's knowledge no default exists under the terms of any agreement between Borrower and Manager; and (d) acknowledge that Borrower as of the date hereof, to the Undersigned's knowledge Borrower has satisfied all conditions precedent to commencement of performance by the Undersigned under the Contract.
LOAN NO.: 26-5950380 THE MAYFLOWER APARTMENTS VIRGINIA BEACH, VIRGINIA ASSIGNMENT OF WARRANTIES AND OTHER CONTRACT RIGHTS CRIT-VA, INC.Assignment of Warranties and Other Contract Rights • December 27th, 2000 • Cornerstone Realty Income Trust Inc • Real estate investment trusts
