PLEDGE AND SECURITY AGREEMENTPledge and Security Agreement • June 7th, 2011 • BRT Realty Trust • Real estate investment trusts • New York
THIS PLEDGE AND SECURITY AGREEMENT, dated as of June 2, 2011, is made by BRT TORCH MEMBER LLC, a Delaware limited liability company (“Pledgor”), in favor of DEBT OPPORTUNITY FUND III, LLC, a Delaware limited liability company (“Pledgee”).
SERVICING AND ASSET MANAGEMENT AGREEMENT Between BRT REALTY TRUST as Servicer and Asset Manager and BRTL LLC as Lender Dated as of June 2, 2011Servicing and Asset Management Agreement • June 7th, 2011 • BRT Realty Trust • Real estate investment trusts • New York
THIS SERVICING AND ASSET MANAGEMENT AGREEMENT (this “Agreement”) is made as of June 2, 2011, between BRT REALTY TRUST, a business trust formed under and pursuant to the laws of the Commonwealth of Massachusetts (the “Servicer”), and BRTL LLC a Delaware limited liability company, as Lender (the “Lender”).
LIMITED LIABILITY COMPANY AGREEMENT OF BRTL LLC Dated as of: June 2, 2011Limited Liability Company Agreement • June 7th, 2011 • BRT Realty Trust • Real estate investment trusts • Delaware
This LIMITED LIABILITY COMPANY AGREEMENT of BRTL LLC (the “Company”) is made and entered into as of June 2, 2011 (the “Effective Date”), by and among the Company, DEBT OPPORTUNITY FUND III, LLC(and together with its successors and permitted assigns, as a member in the Company, the “TL Member”), a Delaware limited liability Company, and BRT TORCH MEMBER LLC (together with its successors and assigns, as a member in the Company, the “BRT Member”), a Delaware limited liability company. The TL Member and the BRT Member are hereinafter sometimes referred to collectively as the “Members” and individually as a “Member,” and the Company, the TL Member and the BRT Member are hereinafter sometimes referred to collectively as the “Parties” and individually as a “Party;” provided, however, that for the purposes of Article XII, (a) the term “Parties” shall mean, collectively, the Company, the TL Member, the BRT Member (in its capacity as the BRT Member, the Managing Member, the Tax Matters Member an
