AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF MARCH 6, 2020 by and among Bluerock residential holdings, L.P., AS Parent BORROWER, Bluerock residential GROWTH REIT, INC., AS REIT GUARANTOR, CERTAIN SUBSIDIARIES OF THE parent BORROWER FROM TIME TO...Credit Agreement • March 12th, 2020 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts • New York
THIS AMENDED AND RESTATED CREDIT AGREEMENT is made as of March 6, 2020, by and among BLUEROCK RESIDENTIAL HOLDINGS, L.P., a Delaware limited partnership (“Parent Borrower”), the Subsidiary Borrowers which are or may become parties hereto (together with the Parent Borrower, the “Borrowers”), Bluerock residential GROWTH REIT, INC., a Maryland corporation (“REIT Guarantor”), the Subsidiary Guarantors which are or may become parties hereto (together with the REIT Guarantor, the “Guarantors”), KEYBANK NATIONAL ASSOCIATION (“KeyBank”), the other lending institutions which are parties to this Agreement as “Lenders”, and the other lending institutions that may become parties hereto pursuant to §18, KEYBANK NATIONAL ASSOCIATION, as administrative agent for the Lenders (the “Agent”), KEYBANC CAPITAL MARKETS INC. and SUNTRUST ROBINSON HUMPHREY, INC. as Co-Lead Arrangers and Book Runners, and TRUIST BANK, as Syndication Agent.
NOTELoan Agreement • March 12th, 2020 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts • New York
FOR VALUE RECEIVED, the undersigned (“Maker”), hereby promises to pay, without offset or counterclaim, to TRUIST BANK (“Payee”), or order, in accordance with the terms of that certain Amended and Restated Credit Agreement, dated as of March 6, 2020, as from time to time in effect, among BLUEROCK RESIDENTIAL HOLDINGS, L.P., the other Borrowers from time to time party thereto, Bluerock residential GROWTH REIT, INC., as REIT Guarantor, the Subsidiary Guarantors from time to time party thereto, KEYBANK NATIONAL ASSOCIATION, for itself and as Agent, and such other Lenders as may be from time to time named therein (the “Credit Agreement”), to the extent not sooner paid, on or before the Maturity Date, the lesser of the principal sum of FIFTY MILLION AND NO/100 DOLLARS ($50,000,000.00), or such amount as may be advanced by the Payee under the Credit Agreement as one or more Loans with daily interest from the date thereof, computed as provided in the Credit Agreement, on the principal amount h
