MASTER SUBSTITUTION AGREEMENT (Revision Date 02/23/2009)Master Substitution Agreement • August 10th, 2009 • Avalonbay Communities Inc • Real estate investment trusts • Virginia
THIS MASTER SUBSTITUTION AGREEMENT (this “Agreement”) is made to be effective as of the 23rd day of April, 2009, among DEUTSCHE BANK BERKSHIRE MORTGAGE, INC., a Delaware corporation (“Lender”), AVALONBAY TRAVILLE, LLC, a Maryland limited liability company (the “IDOT Guarantor”) and the entities identified on Schedule B attached hereto and incorporated herein by reference (each such entity is sometimes referred to individually as an “Original Borrower”, and all are sometimes referred to collectively as the “Original Borrowers”). An Original Borrower, the IDOT Guarantor or “New Borrower” described below, is sometimes referred to as a “Borrower”, and all Original Borrowers, the IDOT Guarantor and New Borrowers are sometimes referred to collectively as “Borrowers”.
