LOAN AND SECURITY AGREEMENTLoan and Security Agreement • February 28th, 2007 • NNN 2003 Value Fund LLC • Operators of nonresidential buildings • Pennsylvania
THIS LOAN AND SECURITY AGREEMENT (together with any amendments, restatements or other modifications, this “Loan Agreement”) dated effective as of February 15, 2007, is by and between NNN VF TIFFANY SQUARE, LLC, a Delaware limited liability company (“Borrower”), and RAIT PARTNERSHIP, L.P., a Delaware limited partnership (together with its successors and assigns, “Lender”).
PLEDGE AND SECURITY AGREEMENTPledge and Security Agreement • February 28th, 2007 • NNN 2003 Value Fund LLC • Operators of nonresidential buildings • Pennsylvania
THIS PLEDGE AND SECURITY AGREEMENT (together with all amendments, restatements and other modifications, this “Agreement”), is dated effective as of February 15, 2007, is by and between NNN 2003 VALUE FUND, LLC, a Delaware limited liability company (“Pledgor”), and RAIT PARTNERSHIP, L.P., a Delaware limited partnership (together with its successors and assigns, “Lender”).
ENVIRONMENTAL INDEMNITY AGREEMENTEnvironmental Indemnity Agreement • February 28th, 2007 • NNN 2003 Value Fund LLC • Operators of nonresidential buildings • Colorado
THIS ENVIRONMENTAL INDEMNITY AGREEMENT (this “Agreement”), is dated effective as of February 15, 2007, by NNN VF TIFFANY SQUARE, LLC, a Delaware limited liability company (“Borrower”), and NNN 2003 VALUE FUND, LLC, a Delaware limited liability company (together with Borrower being referred to herein collectively as “Indemnitor”), in favor of RAIT PARTNERSHIP, L.P., a Delaware limited partnership (“Indemnitee”), and other Indemnified Parties (as hereinafter defined).
GUARANTY OF NON-RECOURSE CARVEOUTSGuaranty of Non-Recourse Carveouts • February 28th, 2007 • NNN 2003 Value Fund LLC • Operators of nonresidential buildings
THIS GUARANTY OF NON-RECOURSE CARVEOUTS (this “Guaranty”), dated effective as of February 15, 2007, is made by NNN 2003 VALUE FUND, LLC, a Delaware limited liability company (“Guarantor”), having its principal place of business c/o Triple Net Properties, LLC, 1551 N. Tustin Avenue, Suite 300, Santa Ana, California 92705 for the benefit of RAIT PARTNERSHIP, L.P., a Delaware limited partnership (together with its successors and or assigns, “Lender”).
ASSIGNMENT OF RENTS AND LEASESNNN 2003 Value Fund LLC • February 28th, 2007 • Operators of nonresidential buildings
THIS ASSIGNMENT OF RENTS AND LEASES (the “Assignment”) is made as of this 15th day of February, 2007 by NNN VF TIFFANY SQUARE, LLC, a Delaware limited liability company (“Assignor”), having its principal place of business c/o Triple Net Properties, LLC, 1551 N. Tustin Avenue, Suite 300, Santa Ana, California 92705, to RAIT PARTNERSHIP, L.P., a Delaware limited partnership (“Lender”), with offices at 1818 Market Street, 28th Floor, Philadelphia, Pennsylvania 19103.
DEED OF TRUST (WITH SECURITY AGREEMENT)NNN 2003 Value Fund LLC • February 28th, 2007 • Operators of nonresidential buildings • Colorado
THIS INSTRUMENT AFFECTS REAL AND PERSONAL PROPERTY SITUATED IN THE STATE OF COLORADO, COUNTY OF EL PASO, LOCATED AT 6805 CORPORATE DRIVE, COLORADO SPRINGS, CO 80919, MORE PARTICULAR DESCRIBED IN EXHIBIT “A” ATTACHED HERETO.
