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Credit Agreement

 

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Title:

Credit Agreement

Entities:

Gladstone Commercial Corp.; International Swaps & Derivatives Association, Inc.; Bank of New York; Womble Carlyle Sandridge & Rice PLLC

Date:

2005

Size:

Preview shows 5KB of 295KB total

Price:

$71

ID:

#1092393

 

 

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Start of Preview


2 exhibit1.htm EX-10.9 EX-10.9

Execution Version

CREDIT AGREEMENT

dated as of

February 28, 2005

among

GLADSTONE COMMERCIAL CORPORATION

and

GLADSTONE COMMERCIAL LIMITED PARTNERSHIP,

as Borrowers,

The Initial Guarantors Listed Herein,

The Banks Listed Herein

and

BRANCH BANKING AND TRUST COMPANY,

as Administrative Agent

1

TABLE OF CONTENTS

Page

     
ARTICLE I DEFINITIONS    
SECTION 1.01.
SECTION 1.02.
SECTION 1.03.
SECTION 1.04.
SECTION 1.05.
  Definitions
Accounting Terms and Determinations
Use of Defined Terms
Terminology
References
     
ARTICLE II THE CREDITS    
SECTION 2.01.
SECTION 2.02.
SECTION 2.03.
SECTION 2.04.
SECTION 2.05.
SECTION 2.06.
SECTION 2.07.
SECTION 2.08.
SECTION 2.09.
SECTION 2.10.
SECTION 2.11.
SECTION 2.12.
SECTION 2.13.
SECTION 2.14.
SECTION 2.15.
SECTION 2.16.
SECTION 2.17.
  Commitments to Make Advances.
Method of Borrowing Advances.
Letters of Credit.
Notes
Maturity of Advances
Interest Rates.
Fees.
Optional Termination or Reduction of Commitments
Mandatory Reduction and Termination of Commitments
Optional Prepayments.
Mandatory Prepayments.
General Provisions as to Payments.
Computation of Interest and Fees
Eligibility of Properties and Mortgage Receivables.
Release of Properties
Frequency of Calculations of Borrowing Base
Joint and Several Liability.

 
     
ARTICLE III CONDITIONS TO BORROWINGS
SECTION 3.01.
SECTION 3.02.
SECTION 3.03.
  Conditions to Closing and First Borrowing
Conditions to All Borrowings
Conditions to Issuance of Letters of Credit

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