CREDIT AGREEMENT Dated as of April 29, 2011 among SUMMIT HOTEL OP, LP, as Borrower, SUMMIT HOTEL PROPERTIES, INC., as Parent Guarantor, THE OTHER GUARANTORS NAMED HEREIN, as Subsidiary Guarantors, THE INITIAL LENDERS, INITIAL ISSUING BANK AND SWING...Credit Agreement • May 2nd, 2011 • Summit Hotel Properties, Inc. • Real estate investment trusts • New York
CREDIT AGREEMENT dated as of April 29, 2011 (this “Agreement”) among SUMMIT HOTEL OP, LP, a Delaware limited partnership (the “Borrower”), SUMMIT HOTEL PROPERTIES, INC., a Maryland corporation (the “Parent Guarantor”), the entities listed on the signature pages hereof as the subsidiary guarantors (together with any Additional Guarantors (as hereinafter defined) acceding hereto pursuant to Section 5.01(j) or 7.05, the “Subsidiary Guarantors” and, together with the Parent Guarantor, the “Guarantors”), the banks, financial institutions and other institutional lenders listed on the signature pages hereof as the initial lenders (the “Initial Lenders”), the Swing Line Bank (as hereinafter defined), DEUTSCHE BANK AG NEW YORK BRANCH (“DBNY”), as the initial issuer of Letters of Credit (as hereinafter defined) (the “Initial Issuing Bank”), DBNY, as administrative agent (together with any successor administrative agent appointed pursuant to Article VIII, the “Administrative Agent”) for the Lende
FIRST LETTER AMENDMENTCredit Agreement • May 2nd, 2011 • Summit Hotel Properties, Inc. • Real estate investment trusts • New York
Reference is made to that certain $30,000,000 Credit Agreement dated as of March 30, 2011 (the “Credit Agreement”) among Summit Hotel OP, LP, as borrower (the “Borrower”), Summit Hotel Properties, Inc., the Subsidiary Guarantors identified therein, the initial lenders identified therein (the “Lenders”), the Initial Issuing Bank and Swing Line Bank identified therein, Deutsche Bank AG New York Branch, as the administrative agent (in such capacity, the “Administrative Agent”) for the Lenders Parties (as defined therein) and Deutsche Bank Securities Inc. as Sole Lead Arranger and Book-Running Manager. Capitalized terms used but not otherwise defined herein shall have the meanings given to them in the Credit Agreement.
