THIRD AMENDMENT TO LOAN AND SECURITY AGREEMENT AND PROMISSORY NOTELoan and Security Agreement and Promissory Note • May 10th, 2011 • Independence Realty Trust, Inc • Real estate investment trusts • Pennsylvania
THIS THIRD AMENDMENT TO LOAN AND SECURITY AGREEMENT AND PROMISSORY NOTE (this “Amendment”) is made as of the 29th day of April, 2011 (the “Effective Date”), by and between IRT TRESA AT ARROWHEAD ARIZONA, LLC, a Delaware limited liability company (“Borrower”), and RAIT PARTNERSHIP, L.P., a Delaware limited partnership (“Interim Guarantor”), and INDEPENDENCE REALTY OPERATING PARTNERSHIP, LP, a Delaware limited partnership (“New Guarantor”), and RAIT CRE CDO I, LTD., an exempted company incorporated under the laws of the Cayman Islands (together with its successors and assigns, “Lender”).
