TERM LOAN AGREEMENT Dated as of August 10, 2015 among HERSHA HOSPITALITY LIMITED PARTNERSHIP, as Borrower, HERSHA HOSPITALITY TRUST, as Parent Guarantor, THE GUARANTORS NAMED HEREIN, as Guarantors, THE INITIAL LENDERS NAMED HEREIN, as Initial Lenders,...Term Loan Agreement • August 12th, 2015 • Hersha Hospitality Trust • Real estate investment trusts • New York
The Applicable Margin for each Base Rate Advance shall be determined by reference to the Total Debt to EBITDA Ratio in effect from time to time and the Applicable Margin for any Interest Period for all Eurodollar Rate Advances comprising part of the same Borrowing shall be determined by reference to the Total Debt to EBITDA Ratio in effect on the first day of such Interest Period; provided, however, that (a) the Applicable Margin shall initially be at Pricing Level V on the Closing Date, (b) no change in the Applicable Margin resulting from the Total Debt to EBITDA Ratio shall be effective until three Business Days after the date on which the Administrative Agent receives (i) the financial statements required to be delivered pursuant to Section 5.03(b) or (c), as the case may be, and (ii) a certificate of the Chief Financial Officer (or other Responsible Officer performing similar functions) of the Borrower demonstrating the Total Debt to EBITDA Ratio, and (c) the Applicable Margin sha
AMENDMENT NO. 1 TO THE AMENDED AND RESTATED CREDIT AGREEMENTCredit Agreement • August 12th, 2015 • Hersha Hospitality Trust • Real estate investment trusts • New York
(1)The Borrower, the Guarantors, the Lenders, the Administrative Agent and the other financial institutions party thereto entered into that certain Amended and Restated Credit Agreement dated as of February 28, 2014 (the “Existing Credit Agreement”). Capitalized terms not otherwise defined in this Amendment have the same meanings as specified in the Existing Credit Agreement, as amended hereby;
