CREDIT AGREEMENT DATED AS OF OCTOBER 4, 2017 by and among Bluerock residential holdings, L.P. AS Parent BORROWER, THE OTHER BORROWERS FROM TIME TO TIME PARTY HERETO, Bluerock residential GROWTH REIT, INC. AS GUARANTOR KEYBANK NATIONAL ASSOCIATION, THE...Credit Agreement • October 11th, 2017 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts • New York
NOTELoan Agreement • October 11th, 2017 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts • New York
FOR VALUE RECEIVED, the undersigned (collectively, “Maker”), hereby promises to pay, without offset or counterclaim, to BANK OF AMERICA, N.A. (“Payee”), or order, in accordance with the terms of that certain Credit Agreement, dated as of October 4, 2017, as from time to time in effect, among BLUEROCK RESIDENTIAL HOLDINGS, L.P., the Other Borrowers, 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 hereof from time to time unpaid, at a rate per annum on each portion of the principal amount which shall at all times be equal to the rate of inte
SUBORDINATION OF ADVISORY CONTRACTSubordination of Advisory Contract • October 11th, 2017 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts
WHEREAS, BLUEROCK RESIDENTIAL HOLDINGS, L.P., a Delaware limited partnership, having an address at c/o Bluerock Real Estate, L.L.C., 712 Fifth Avenue, 9th Floor, New York, New York 10019 (“Borrower”), has entered into a certain Credit Agreement of even date herewith (hereinafter, the “Credit Agreement”) with KEYBANK NATIONAL ASSOCIATION, having an office at 225 Franklin Street, Boston, Massachusetts 02110, as agent (in its capacity as agent, hereinafter, the “Agent,” which term shall include, whenever the context permits, its successors and assigns as the holder of this Subordination and the Notes and other Obligations secured hereby), and the other lending institutions which now are or hereafter become parties to the Credit Agreement (KeyBank National Association and such other lending institutions are collectively referred to as the “Lenders” and individually as the “Lender”), pursuant to which the Lenders have agreed to lend to the Borrower, subject to the terms and conditions of th
GUARANTYGuaranty • October 11th, 2017 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts • New York
THIS GUARANTY dated as of October 4, 2017, executed and delivered by the undersigned BLUEROCK RESIDENTIAL GROWTH REIT, INC., a Maryland corporation (the “Guarantor”), in favor of (a) KeyBank National Association, in its capacity as Administrative Agent (the “Agent”) for the Lenders under that certain Credit Agreement dated as of October 4, 2017, between and among BLUEROCK RESIDENTIAL HOLDINGS, L.P., a Delaware limited partnership, and various other Subsidiaries thereof as “Borrower” (collectively, the “Borrower”), the financial institutions party thereto and their assignees in accordance therewith (the “Lenders”), and the Agent (as the same may be amended, restated, supplemented or otherwise modified from time to time in accordance with its terms, the “Credit Agreement”) and (b) the Lenders.
