First Amendment to Second Amended and Restated Credit AgreementCredit Agreement • February 10th, 2023 • Franklin Street Properties Corp /Ma/ • Real estate investment trusts • New York
This Second Amended and Restated Credit Agreement (this “Agreement”) is entered into as of September 27, 2018, among Franklin Street Properties Corp., a Maryland corporation (the “Borrower”), each lender from time to time party hereto either as a result of such party’s execution of this Agreement as a “Lender” as of the date hereof or as a result of such party being made a “Lender” hereunder by virtue of an executed Assignment and Assumption (collectively, the “Lenders” and individually, a “Lender”) and Bank of Montreal, as Administrative Agent.
FIRST AMENDMENT TO CREDIT AGREEMENTCredit Agreement • February 10th, 2023 • Franklin Street Properties Corp /Ma/ • Real estate investment trusts • New York
; provided that any increase or decrease in the Applicable Rate set forth in the applicable Leverage Ratio-based grid above resulting from a change in the Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.02(a); provided, further, that if a Compliance Certificate is not delivered when due in accordance with such Section, then the Level VI of the Applicable Rate of the applicable Leverage Ratio-based grid above shall apply as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered and shall remain in effect until the date on which such Compliance Certificate is delivered; provided, further, that notwithstanding anything to the contrary contained in this definition, the determination of the Applicable Rate set forth in the applicable Leverage Ratio-based grid above for any period shall be subject to the provisions of Section
