FORBEARANCE AGREEMENTForbearance Agreement • October 3rd, 2013 • Thomas Properties Group Inc • Real estate • Texas
THIS FORBEARANCE AGREEMENT ("Agreement") is made as of the 30th day of September, 2013, by and between THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY, a Wisconsin corporation ("Lender"), and TPG-2101 CITYWEST 3 & 4, L.P., a Delaware limited partnership ("Obligor").
GUARANTEEThomas Properties Group Inc • October 3rd, 2013 • Real estate
In consideration of the benefits which the undersigned (herein called "Guarantor") will receive as a result of The Northwestern Mutual Life Insurance Company ("Lender") making the above-numbered loan to TPG-2101 CITYWEST 3 & 4, L.P., a Delaware limited partnership ("Borrower") evidenced by a promissory note (the "Note") dated October 7, 2010 in the original principal amount of $ 95,000,000 and secured by a deed of trust and security agreement dated October 7, 2010 (the "Lien Instrument") covering property in Harris County, Texas, and Lender entering into that certain Forbearance Agreement with Borrower dated as of even date herewith with respect to the Note and Lien Instrument, as an inducement required by Lender to enter into said Forbearance Agreement, Guarantor has agreed to guarantee payment of the Note and all amounts at any time owed to Lender under the Lien Instrument and under the other Loan Documents (as hereinafter defined).
