CREDIT AGREEMENT by and among ACRC LENDER LLC, as Borrower, THE LENDERS PARTIES HERETO FROM TIME TO TIME as the Lenders, and CITY NATIONAL BANK, together with its successors and assigns as the Arranger and Administrative Agent Dated as of July 30, 2014Credit Agreement • July 31st, 2014 • Ares Commercial Real Estate Corp • Real estate investment trusts • New York
THIS CREDIT AGREEMENT, dated as of July 30, 2014, is entered into by and among, on the one hand, the lenders identified on the signature pages hereof (such lenders, together with their respective successors and permitted assigns, are referred to hereinafter each individually as a “Lender” and collectively as the “Lenders”) and CITY NATIONAL BANK, a national banking association (“CNB”), as the arranger and administrative agent for the Lenders (in such capacity, together with its successors and permitted assigns in such capacity, “Agent”), and, on the other hand, ACRC LENDER LLC, a Delaware limited liability company (“Borrower”). The parties agree as follows:
INTERCOMPANY SUBORDINATION AGREEMENTIntercompany Subordination Agreement • July 31st, 2014 • Ares Commercial Real Estate Corp • Real estate investment trusts • New York
THIS INTERCOMPANY SUBORDINATION AGREEMENT (this “Agreement”), dated as of July 30, 2014, is made by and among ACRC LENDER LLC, a Delaware limited liability company (“Borrower”), ARES COMMERCIAL REAL ESTATE CORPORATION, a Maryland corporation (“Guarantor”, together with Borrower, referred to hereinafter each individually as an “Obligor”, and individually and collectively, jointly and severally, as the “Obligors”), in favor of CITY NATIONAL BANK, a national banking association, as the arranger and administrative agent for the Lender Group (in such capacity, together with its successors and assigns in such capacity, “Agent”).
GENERAL CONTINUING GUARANTYGeneral Continuing Guaranty • July 31st, 2014 • Ares Commercial Real Estate Corp • Real estate investment trusts • New York
This GENERAL CONTINUING GUARANTY (this “Guaranty”), dated as of July 30, 2014, is executed and delivered by ARES COMMERCIAL REAL ESTATE CORPORATION, a Maryland corporation (“Guarantor”) in favor of CITY NATIONAL BANK, a national banking association, as the arranger and administrative agent for the Lender Group (in such capacity, together with its successors and permitted assigns in such capacity, “Agent”), in light of the following:
AMENDMENT NUMBER ONE TO CREDIT AGREEMENT AND CONSENTCredit Agreement • July 31st, 2014 • Ares Commercial Real Estate Corp • Real estate investment trusts
THIS AMENDMENT NUMBER ONE TO CREDIT AGREEMENT AND CONSENT (this “Amendment”), dated as of July 30, 2014 is entered into by and among, on the one hand, the several banks and other financial institutions and lenders from time to time party hereto (such lenders, together with their respective successors and permitted assigns, are referred to hereinafter each individually as a “Lender” and, collectively, as the “Lenders”), and CITY NATIONAL BANK, a national banking association, as administrative agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, “Agent”), and, on the other hand, ACRC LENDER LLC, a Delaware limited liability company (the “Borrower”), and in light of the following:
CREDIT SUPPORT FEE AGREEMENTCredit Support Fee Agreement • July 31st, 2014 • Ares Commercial Real Estate Corp • Real estate investment trusts • New York
This CREDIT SUPPORT FEE AGREEMENT (this “Agreement”) is made on July 30, 2014 by and among ARES COMMERCIAL REAL ESTATE CORPORATION, a Maryland corporation (“ACRE”), ACRC Holdings LLC, a Delaware limited liability company (“ACRC”), ACRC Lender LLC, a Delaware limited liability company (the “Borrower” and, together with ACRE and ACRC, the “Beneficiaries”), and Ares Management LLC, a Delaware limited liability company (the “Credit Support Provider”).
PLEDGE AGREEMENTPledge Agreement • July 31st, 2014 • Ares Commercial Real Estate Corp • Real estate investment trusts • New York
This PLEDGE AGREEMENT (this “Agreement”) is made as of July 30, 2014, by and between ARES COMMERCIAL REAL ESTATE CORPORATION, a Maryland corporation (the “Pledgor”), and ARES MANAGEMENT LLC, a Delaware limited liability company (the “Credit Support Provider”).
