Preview | Credit Agreement |

TABLE OF CONTENTS


Article I. Definitions			1

Section 1.1. Definitions			1
Section 1.2. General; References to Times			25
Section 1.3. Financial Attributes of Non-Wholly Owned Subsidiaries			26

Article II. Credit Facility			26

Section 2.1. Revolving Loans			26
Section 2.2. Swingline Loans			27
Section 2.3. Letters of Credit			29
Section 2.4. Rates and Payment of Interest on Loans			33
Section 2.5. Number of Interest Periods			34
Section 2.6. Repayment of Loans			34
Section 2.7. Prepayments			34
Section 2.8. Continuation			35
Section 2.9. Conversion			35
Section 2.10. Notes			35
Section 2.11. Voluntary Reductions of the Commitment			36
Section 2.12. Extension of Termination Date			36
Section 2.13. Expiration or Maturity Date of Letters of Credit Past Termination Date			37
Section 2.14. Amount Limitations			37
Section 2.15. Increase of Commitments			37

Article III. Payments, Fees and Other General Provisions			38

Section 3.1. Payments			38
Section 3.2. Pro Rata Treatment			38
Section 3.3. Sharing of Payments, Etc.			39
Section 3.4. Several Obligations			40
Section 3.5. Minimum Amounts			40
Section 3.6. Fees			40
Section 3.7. Computations			42
Section 3.8. Usury			42
Section 3.9. Agreement Regarding Interest and Charges			42
Section 3.10. Statements of Account			43
Section 3.11. Defaulting Lenders			43
Section 3.12. Taxes			44

Article IV. Collateral Properties			46

Section 4.1. Eligibility of Properties			46
Section 4.2. Conditions Precedent to a Property Becoming a Collateral Property			48
Section 4.3. Release of Collateral Properties			51
Section 4.4. Frequency of Calculations of Borrowing Base			52
Section 4.5. Frequency of Appraisals			53

- i -


Section 4.6. Additional Appraisals Required under Applicable Law			53
Section 4.7. Release of Derivatives Contract			54
Section 4.8. Additional Provision Applicable to the NY Properties			54

Article V. Yield Protection, Etc.			55

Section 5.1. Additional Costs; Capital Adequacy			55
Section 5.2. Suspension of LIBOR Loans			57
Section 5.3. Illegality			57
Section 5.4. Compensation			58
Section 5.5. Treatment of Affected Loans			58
Section 5.6. Change of Lending Office			59
Section 5.7. Assumptions Concerning Funding of LIBOR Loans			59

Article VI. Conditions Precedent			59

Section 6.1. Initial Conditions Precedent			59
Section 6.2. Conditions Precedent to All Loans and Letters of Credit			62

Article VII. Representations and Warranties			62

Section 7.1. Representations and Warranties			62
Section 7.2. Survival of Representations and Warranties, Etc.			68

Article VIII. Affirmative Covenants			69

Section 8.1. Preservation of Existence and Similar Matters			69
Section 8.2. Compliance with Applicable Law and Material Contracts			69
Section 8.3. Maintenance of Property			69
Section 8.4. Conduct of Business			70
Section 8.5. Insurance			70
Section 8.6. Payment of Taxes and Claims			70
Section 8.7. Visits and Inspections			70
Section 8.8. Use of Proceeds; Letters of Credit			71
Section 8.9. Environmental Matters			71
Section 8.10. Books and Records			71
Section 8.11. Further Assurances			71
Section 8.12. New Subsidiaries/Guarantors			72
Section 8.13. REIT Status			72
Section 8.14. Exchange Listing			72

Article IX. Information

End of Preview