LOAN AGREEMENT Dated as of September 23, 2004 by and among ARC III, L.L.C., as Borrower and CITIGROUP GLOBAL MARKETS REALTY CORP. as Lender and as Collateral AgentLoan Agreement • March 31st, 2005 • Affordable Residential Communities Inc • Real estate investment trusts • New York
THIS LOAN AGREEMENT, made as of September 23, 2004, is between ARC III, L.L.C., a Delaware limited liability company, having an address at 600 Grant Street, Suite 900, Denver, Colorado 80203 ("Borrower") and CITIGROUP GLOBAL MARKETS REALTY CORP., a New York corporation, having an address at 388 Greenwich Street, 11th Floor, New York, New York 10013, in its capacities as a lender and as collateral agent for the Secured Parties (as hereinafter defined) (together with its successors and assigns, whether one or more, as lender, "Lender", and together with any successor collateral agent appointed pursuant to Article X, "Collateral Agent").
