Exhibit 10.2.3
THIRD AMENDMENT TO SECOND AMENDED AND RESTATED
SENIOR SECURED CREDIT AGREEMENT
THIS THIRD AMENDMENT TO SECOND AMENDED AND RESTATED SENIOR SECURED CREDIT
AGREEMENT (this "Amendment"), dated as of January 1, 2001 (the "Amendment
Date"), is among MERISTAR HOSPITALITY OPERATING PARTNERSHIP, L.P., a Delaware
limited partnership, as the Borrower ("Borrower"); the Guarantors; SOCIETE
GENERALE, SOUTHWEST AGENCY, as Arranger and Administrative Agent (the
"Administrative Agent"); and the Lenders a party hereto.
RECITALS:
A. The Borrower; the Administrative Agent; Bankers Trust Company, as
Arranger and Syndication Agent; Xxxxxx Commercial Paper Inc., as Arranger and
Documentation Agent; Xxxxx Fargo Bank, National Association, as Documentation
Agent; and the Lenders are parties to that certain Second Amended and Restated
Senior Secured Credit Agreement, dated as of August 3, 1998 (the "Original
Credit Agreement"), as amended by that certain First Amendment to Second Amended
and Restated Senior Secured Credit Agreement dated as of March 3, 1999, as
further amended by that certain Second Amendment to Second Amended and Restated
Senior Secured Credit Agreement dated as of March 31, 2000 (the Original Credit
Agreement, as so amended, being referred to herein as the "Amended Credit
Agreement").
B. Certain amendments, known as the REIT Modernization Act (the "RMA"),
have been enacted with respect to Sections 856 through 860 of the Internal
Revenue Code of 1986, as amended, which, among other things, permit a Real
Estate Investment Trust to create a "Taxable REIT Subsidiary" (a "TRS") and to
lease its properties to a TRS.
C. The Borrower desires to consummate the RMA Conversion (as hereinafter
defined) and related transactions as more fully set forth in this Amendment.
D. In consideration of the foregoing, the parties hereto desire to amend
the Amended Credit Agreement and the other Credit Documents (as defined in the
Original Credit Agreement) as hereinafter provided.
NOW, THEREFORE, for and in consideration of the covenants contained herein
and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto agree as follows:
1. All terms used in this Amendment, but not defined herein, shall have the
meaning given such terms in the Amended Credit Agreement.
2. This Amendment shall become effective as of the Amendment Date if on or
prior to the close of business on January 20, 2001 (the "Termination Date") the
following conditions precedent have been satisfied:
a. Documentation. The Administrative Agent shall have received
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counterparts of this Amendment executed by the Borrower, the Required
Lenders.
b. Representations and Warranties. The representations and warranties
------------------------------
contained in this Amendment, and in each Credit Document shall be true and
correct in all material respects both as of the Amendment Date and the date
the other conditions to this Amendment's effectiveness are satisfied except
for changes which individually or in the aggregate do not constitute a
Material Adverse Change.
c. No Default. No Default or Event of Default shall exist as of either
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the Amendment Date or the date the other conditions to this Amendment's
effectiveness are satisfied.
If this Amendment does not become effective prior to the Termination Date, this
Amendment shall be null and void; provided however that the Borrower shall still
--------
be obligated to reimburse Societe Generale, Southwest Agency for costs and
expenses incurred in connection with this Amendment.
3. The term "Credit Agreement" as used in the Credit Documents, shall mean
the Amended Credit Agreement, as amended by this Amendment.
4. From and after the Amendment Date, the definition of "Approved
Participating Lease" is amended and restated in its entirety to read as follows:
"Approved Participating Lease means (a) a participating lease with an
----------------------------
Approved Operator in substantially the form of those participating leases
executed in connection with the Merger, (b) a participating lease with a
direct or indirect TRS of the Borrower in substantially the form of the
participating leases executed in connection with the Merger, as modified by
those amendments contemplated in connection with the RMA Conversion, or (c)
such other form as is approved by the Administrative Agent in writing
(which approval shall not be unreasonably withheld)."
5. In all places in the Credit Documents, including the definition
contained in Section 1.01 of the Credit Agreement, the defined term "Approved
Operator" shall replace the defined term "Approved Participating Lessee".
Contemporaneously with such substitution, the definition of "Approved Operator"
is amended by adding the phrase ", OPCO Management" after the phrase "OPCO OP".
6. From and after the Amendment Date, the definition of "Intercompany
Agreement" is amended and restated in its entirety to read as follows:
"Intercompany Agreement means the Intercompany Agreement dated as of
----------------------
August 3, 1998, by and among the Parent, the Borrower, OPCO, and OPCO OP,
as amended by the Approved Amendment to Intercompany Agreement."
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7. From and after the Amendment Date, the definition of "Permitted Other
Subsidiaries" is amended by adding the following sentence at the end of such
definition:
"The parties acknowledge that a TRS (a) which is a lessee for a Hotel
Property that secures either Secured Non-Recourse Indebtedness or Secured
Recourse Indebtedness permitted pursuant to the Credit Agreement and (b)
which is not a lessee for any Hotel Property which does not secure any of
such Indebtedness is deemed to be a Permitted Other Subsidiary."
8. From and after the Amendment Date, the Credit Agreement shall have the
following additional defined terms added in the appropriate alphabetical order
in Section 1.01 of the Credit Agreement:
a. "Approved Amendment to Intercompany Agreement" means a
--------------------------------------------
fully-executed Amendment to Intercompany Agreement dated as of January 1,
2001, substantially in the form provided to the Administrative Agent and
the Lenders.
b. "Approved Management Agreement" means a management agreement (i) in
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substantially the form of those management agreements being executed in
connection with the initial Hotel Properties participating in the RMA
Conversion, between a direct or indirect TRS of the Borrower and an
Approved Operator, a form otherwise customary in the
Hospitality/Leisure-Related Business or such other form as is approved by
the Administrative Agent in writing (which approval shall not be
unreasonably withheld) and (ii) either subject to the terms of the Approved
Master Amendment or subject to terms otherwise customary in the
Hospitality/Leisure-Related Business.
c. "Approved Master Amendment" means the Master Amendment to Hotel
-------------------------
Management Agreement dated as of even date as the initial Approved
Management Agreements, substantially in the form provided to the
Administrative Agent and the Lenders, by and between the initial direct or
indirect TRSs of the Borrower and the initial Approved Operators party to
the initial Approved Management Agreements, as amended as permitted in this
Agreement, including executing an additional Master Amendment to Master
Agreements with respect to Hotel Properties which act as security for
Secured Non-Recourse Indebtedness or Secured Recourse Indebtedness
permitted pursuant to this Agreement.
d. "OPCO Management" means MeriStar Management Company, L.L.C.
---------------
e. "RMA" means the REIT Modernization Act, as amended.
---
f. "RMA Conversion" means, the Borrower and Borrower's Subsidiaries
--------------
entering into a set of transactions with respect to any Hotel Property
owned or leased by such Person pursuant to which (a) the existing Approved
Operator for such Hotel Property assigns such Approved Operator's interests
in the Approved Participating Lease
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for such Hotel Property to a direct or indirect TRS of the Borrower, (b)
such assigned Approved Participating Lease is amended to provide for
economic terms which the Borrower in good faith believes are consistent
with the requirements of the RMA, (c) the TRS who is assigned the Approved
Participating Lease for such Hotel Property enters into an Approved
Management Agreement for such Hotel Property with an Approved Operator
which has an initial term substantially equivalent to the initial term of
the Approved Participating Lease that was assigned.
g. "TRS" means a "Taxable REIT Subsidiary" as such term is used in the
---
RMA.
9. From and after the Amendment Date and at such time or times as the
Borrower may elect, the Borrower and Borrower's Subsidiaries shall be permitted
to consummate RMA Conversions with respect to all or any portion of such
Persons' Hotel Properties.
10. From and after the Amendment Date, each of Section 5.02(c) and 5.02(d)
are amended by adding the phrase "either (y) is an Approved Operator of a Hotel
Property which secures Secured Non-Recourse Indebtedness or Secured Recourse
Indebtedness or (z)" after the phrase "Permitted Other Subsidiaries which" in
the first sentence of each such section.
11. From and after the Amendment Date, Section 5.09 of the Credit Agreement
is amended by (a) adding the phrase "(other than a TRS)" after the phrase
Approved Operator in the second line of such Section 5.09 and (b) adding the
phrase "or an Approved Management Agreement, as applicable" after each time the
phrase "Approved Participating Lease" is used in such Section 5.09.
12. From and after the Amendment Date, Section 6.07 of the Credit Agreement
is amended by (a) deleting the word "and" at the end of clause (k), (b) changing
clause "(l)" to clause "(m)", and (c) adding a new clause (l) which reads as
follows:
"(l) a direct or indirect TRS of the Borrower for which the Borrower
owns directly or indirectly ownership interests in such Subsidiary of at
least ninety-five percent (95%), provided that if for any Hotel Property
the Borrower's direct or indirect ownership interests percentage is less
than ninety-five percent (95%), then the Borrower's ownership percentage
requirement for the TRS for such Hotel Property shall only be a percentage
equal to or greater than the Borrower's direct or indirect ownership
interests percentage for such Hotel Property; and".
13. From and after the Amendment Date, Section 6.08 is amended by adding
the phrase ", the Approved Management Agreements" after the phrase "the Approved
Participating Lease Agreements".
14. The Lenders and Arrangers party hereto consent to the Approved
Amendment to Intercompany Agreement referenced above.
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15. From and after the Amendment Date, Section 6.12 of the Credit
Agreement is amended and restated in its entirety to read as follows:
"Section 6.12. Material Documents. The Borrower will not, nor will it
------------------
permit any of its Subsidiaries to without the Required Lender's written
consent (a) amend the Borrower's partnership agreement in any material
respect, (b) admit a new general partner to the Borrower, or (c) enter into
any termination, material modification or amendment of any of the
following:
(i) the Intercompany Agreement;
(ii) the Approved Master Amendment which governs those Hotel
Properties which do not secure Secured Non-Recourse Indebtedness
or Secured Recourse Indebtedness; or
(iii) the Merger Agreement.
Notwithstanding the foregoing, without the Required Lender's approval the
Borrower will be able to amend the aforementioned Approved Master Amendment
to (a) add a Hotel Property to such agreement which the Borrower and the
Borrower's Subsidiaries are permitted to invest in under this Credit
Agreement, (b) delete a Hotel Property from such agreement, provided that
the Hotel Property either (i) is disposed of pursuant to a Permitted Asset
Disposition or (ii) on or about such deletion from the Approved Master
Amendment the TRS for such Hotel Property enters into an Approved
Management Agreement for such Hotel Property with an Approved Operator, (c)
release a TRS or Approved Operator, as applicable, from its rights and
obligations under the Approved Master Amendment, provided such TRS or
Approved Operator, as applicable, no longer is a party to any Approved
Management Agreement for any Hotel Property that is subject to the Approved
Master Amendment or (d) add a TRS or Approved Operator, as applicable, as a
party to the Approved Master Amendment.
With respect to Approved Participating Leases which have not been part of a
RMA Conversion, the Borrower will not, nor will it permit any of its
Subsidiaries to (a) without the written consent of two out of the three
Arrangers amend or terminate (except in connection with a Permitted Asset
Disposition) an Approved Participating Lease if the net affect of all such
amendments and terminations of such Approved Participating Leases is
reasonably expected to decrease the expected rentals under all of such
Approved Participating Leases taken as a whole by more than 10% of the pro
forma rentals for 1997 set forth in the Registration Statements, taking
into account acquisitions and dispositions after the Closing Date or (b)
without the written consent of the Super Required Lenders amend or
terminate (except in connection with a Permitted Asset Disposition) an
Approved Participating Lease if the net affect of all such amendments and
terminations of such Approved Participating Leases is reasonably expected
to either (a) cause the Borrower to violate a covenant in Article VII or
(b) cause the expected rentals under all of such Approved Participating
Leases taken as a whole to decrease by more than 20% of
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the pro forma rentals for 1997 set forth in the Registration Statements,
taking into account acquisitions and dispositions after the Closing Date.
With respect to Approved Participating Leases which have been part of a RMA
Conversion, the Borrower will not, nor will it permit any of its
Subsidiaries to amend or terminate any such Approved Participating Lease if
such event is reasonably likely to cause the Parent to forfeit the Parent's
status as a REIT.
Any termination, modification or amendment prohibited under this Section
6.12 without the required written consent shall, to the extent permitted by
applicable law, be void and of no force and effect."
16. Within ten (10) Business Days of any Hotel Property participating in an
RMA Conversion, the Borrower will provide to the Administrative Agent with
respect to such Hotel Property (a) a copy of a fully-executed Amendment to
Intercompany Agreement and Approved Master Amendment if not already provided to
the Administrative Agent, (b) the name of the TRS who will be the Approved
Operator for such Hotel Property, (c) a copy of a fully-executed assignment of
the Approved Participating Lease to such TRS, any amendment of such assigned
Approved Participating Leases and the Hotel Management Agreement, and (d) if the
TRS leasing such Hotel Property is not already executed an Accession Agreement
and is not a Permitted Other Subsidiary, an Accession Agreement executed by such
TRS.
17. Each party hereto represents to the other parties hereto that such
party is authorized to execute this Amendment.
18. The Borrower and the Guarantors represent and warrant to the Lenders
and the Agents that:
a. the representations and warranties contained in this Amendment, and
in each Credit Document are true and correct in all material respects as of
the Amendment Date except for changes which individually or in the
aggregate do not constitute a Material Adverse Change;
b. no Default or Event of Default exists as of the Amendment Date;
c. to the best of the Borrower's and the Guarantors' knowledge, Exhibit
"A" to this Amendment contains (i) a true and correct schedule of all Hotel
Properties owned or leased by the Borrower and the Guarantors which the
Borrower intends to initially cause to undergo an RMA Conversion, (ii) a
reasonable estimate of the anticipated aggregate revenues from those Hotel
Properties for the Fiscal Year 2001, and (iii) a reasonable estimate of the
anticipated aggregate management fees payable in connection with those
Hotel Properties for the Fiscal Year 2001;
d. the Borrower has provided the Administrative Agent and the Lenders
with a true and correct copy of the form of the Approved Amendment to the
Intercompany
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Agreement and the Approved Master Amendment;
e. OPCO OP owns directly or indirectly ownership interests in OPCO
Management of at least ninety-five percent (95%); and
f. Each TRS acting as an Approved Participating Lessee for the Hotel
Properties listed on Exhibit "A" will not be a Permitted Other Subsidiary.
19. This Amendment may be executed in multiple counterparts, each of which
shall be an original, but all of which shall constitute but one Amendment.
Facsimile signatures will be deemed to be original signatures.
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[SIGNATURE PAGE OF THIRD AMENDMENT TO SECOND AMENDED AND
RESTATED SENIOR SECURED CREDIT AGREEMENT]
Executed as of the Amendment Date.
BORROWER:
---------
MERISTAR HOSPITALITY OPERATING
PARTNERSHIP, L.P.
By: MeriStar Hospitality Corporation, its
general partner
By: /s/ Xxxx Xxxxxxxx
------------------------------------
Name: Xxxx Xxxxxxxx
------------------------------------
Title: Chief Executive Officer
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[SIGNATURE PAGE OF THIRD AMENDMENT TO SECOND AMENDED AND
RESTATED SENIOR SECURED CREDIT AGREEMENT]
JOINDER, CONSENT AND RATIFICATION
The Guarantors join in and consent to the terms and provisions of the
attached Amendment and agree that the Guaranty and Contribution Agreement (the
"Guaranty") executed by the Guarantor dated August 3, 1998 remains in full force
and effect and that the Guaranteed Obligations (as defined in the Guaranty)
include the additional obligations of the Borrower under the attached Amendment.
This Joinder, Consent and Ratification is dated as of the date of the
Amendment.
GUARANTORS:
MERISTAR HOSPITALITY
CORPORATION, a Maryland corporation
By: /s/ Xxxx Xxxxxxxx
------------------------------------
Name: Xxxx Xxxxxxxx
------------------------------------
Title: Chief Executive Officer
------------------------------------
MERISTAR LP, INC., a Nevada corporation
By: /s/ Xxxx Xxxxxxxx
------------------------------------
Name: Xxxx Xxxxxxxx
------------------------------------
Title: Chief Executive Officer
------------------------------------
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[SIGNATURE PAGE OF THIRD AMENDMENT TO SECOND AMENDED AND
RESTATED SENIOR SECURED CREDIT AGREEMENT]
MERISTAR ACQUISITION COMPANY, L.L.C., a
Delaware limited liability company
By: MeriStar Hospitality Operating Partnership, L.P., a
Delaware limited partnership, member
By: MeriStar Hospitality Corporation, its general
partner
By: /s/ Xxxx Xxxxxxxx
------------------------------------
Name: Xxxx Xxxxxxxx
------------------------------------
Title: Chief Executive Officer
------------------------------------
AGH UPREIT LLC, a Delaware limited liability
company
By: MeriStar Hospitality Corporation, member
By: /s/ Xxxx Xxxxxxxx
----------------------------------------
Name: Xxxx Xxxxxxxx
----------------------------------------
Title: Chief Executive Officer
----------------------------------------
By: MeriStar Hospitality Operating Partnership, L.P.,
member
By: MeriStar Hospitality
Corporation, general partner
By: /s/ Xxxx Xxxxxxxx
-----------------------------------
Name: Xxxx Xxxxxxxx
-----------------------------------
Title: Chief Executive Officer
-----------------------------------
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[SIGNATURE PAGE OF THIRD AMENDMENT TO SECOND AMENDED AND
RESTATED SENIOR SECURED CREDIT AGREEMENT]
MERISTAR SANIBEL INN COMPANY, L.L.C.
MERISTAR MARCO ISLAND COMPANY, L.L.C.
MERISTAR SAFETY HARBOR COMPANY, L.L.C.
MERISTAR SUNDIAL BEACH COMPANY, L.L.C.
MERISTAR SS PLANTATION COMPANY, L.L.C.
MERISTAR SHIRLEY'S PARCEL COMPANY, L.L.C.
MERISTAR SEASIDE INN COMPANY, L.L.C.
MERISTAR SANIBEL BEACH COMPANY, L.L.C.
MERISTAR PLANTATION SHOPPING CENTER COMPANY, L.L.C.
MERISTAR SONG OF THE SEA COMPANY, L.L.C.
MERISTAR SANIBEL GOLF COMPANY, L.L.C., each of the
above being a Delaware limited liability company
By: /s/ Xxxx Xxxxxxxx
--------------------------------------
Name: Xxxx Xxxxxxxx
--------------------------------------
Title: Chief Executive Officer
--------------------------------------
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[SIGNATURE PAGE OF THIRD AMENDMENT TO SECOND AMENDED AND
RESTATED SENIOR SECURED CREDIT AGREEMENT]
EQUISTAR SOMERSET COMPANY, L.L.C.
EQUISTAR SCHAUMBURG COMPANY, L.L.C.
EQUISTAR BELLEVUE COMPANY, L.L.C.
EQUISTAR CHARLOTTE COMPANY, L.L.C.
EQUISTAR CLEVELAND COMPANY, L.L.C.
EQUISTAR XXXXXX COMPANY, L.L.C.
EQUISTAR VIRGINIA COMPANY, L.L.C.
EQUISTAR BALLSTON COMPANY, L.L.C.
EQUISTAR ATLANTA GP COMPANY, L.L.C.
EQUISTAR ATLANTA LP COMPANY, L.L.C.
CAPSTAR WASHINGTON COMPANY, L.L.C.
CAPSTAR SANTA XXXXXXX COMPANY, L.L.C.
CAPSTAR C.S. COMPANY, L.L.C.
CAPSTAR SAN XXXXX COMPANY, L.L.C.
CAPSTAR CHERRY HILL COMPANY, L.L.C.
CAPSTAR XXXXXX COMPANY, L.L.C.
CAPSTAR KC COMPANY, L.L.C.
CAPSTAR CATHEDRAL CITY COMPANY, L.L.C.
CAPSTAR NATIONAL AIRPORT COMPANY, L.L.C.
CAPSTAR GEORGETOWN COMPANY, L.L.C.
CAPSTAR JEKYLL COMPANY, L.L.C.
CAPSTAR DETROIT AIRPORT COMPANY, L.L.C.
CAPSTAR TUCSON COMPANY, L.L.C.
CAPSTAR HARTFORD COMPANY, L.L.C.
CAPSTAR CROSS KEYS COMPANY, L.L.C.
CAPSTAR XXXXXX PARK COMPANY, L.L.C.
CAPSTAR COLUMBIA COMPANY, L.L.C.
CAPSTAR OKLAHOMA CITY COMPANY, L.L.C.
CAPSTAR LAJV COMPANY, L.L.C.
CAPSTAR LEXINGTON COMPANY, L.L.C.
CAPSTAR MESA COMPANY, L.L.C.
CAPSTAR MORRISTOWN COMPANY, L.L.C.
CAPSTAR WINDSOR LOCKS COMPANY, L.L.C.
CAPSTAR XXXXXXXXX COMPANY, L.L.C.
CAPSTAR LOUISVILLE COMPANY, L.L.C., each of the above
being a Delaware limited liability company
By: MeriStar Hospitality Operating Partnership, a
Delaware limited partnership, member
By: MeriStar Hospitality Corporation, its
general partner
By: /s/ Xxxx Xxxxxxxx
------------------------------------------
Name: Xxxx Xxxxxxxx
--------------------------------------
Title: Chief Executive Officer
--------------------------------------
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[SIGNATURE PAGE OF THIRD AMENDMENT TO SECOND AMENDED AND
RESTATED SENIOR SECURED CREDIT AGREEMENT]
CAPSTAR HOUSTON SW PARTNERS, L.P.
CAPSTAR MOCKINGBIRD PARTNERS, L.P.
CAPSTAR DALLAS PARTNERS, L.P., each of the above being
a Delaware limited partnership
CAPSTAR MEDALLION DALLAS PARTNERS, L.P.
CAPSTAR MEDALLION AUSTIN PARTNERS, L.P.
CAPSTAR MEDALLION HOUSTON PARTNERS, L.P.
CAPSTAR MEDALLION MIDLAND PARTNERS, L.P., each of the
above being a Delaware limited partnership
By: MeriStar Hospitality Operating Partnership, a
Delaware limited partnership, general partner
By: MeriStar Hospitality Corporation, its
general partner
By: /s/ Xxxx Xxxxxxxx
-------------------------------------------
Name: Xxxx Xxxxxxxx
----------------------------------------
Title: Chief Executive Officer
----------------------------------------
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[SIGNATURE PAGE OF THIRD AMENDMENT TO SECOND AMENDED AND
RESTATED SENIOR SECURED CREDIT AGREEMENT]
BCHI ACQUISITION, LLC,
a Delaware limited liability company
By: AGH UPREIT LLC, member
By: MeriStar Hospitality
Corporation, member
By: /s/ Xxxx Xxxxxxxx
-----------------------------------
Name: Xxxx Xxxxxxxx
-----------------------------------
Title: Chief Executive Officer
----------------------------------
By: MeriStar Hospitality Operating Partnership,
L.P., member
By: MeriStar Hospitality Corporation,
general partner
By: /s/ Xxxx Xxxxxxxx
-----------------------------------
Name: Xxxx Xxxxxxxx
-----------------------------------
Title: Chief Executive Officer
----------------------------------
By: MeriStar Hospitality Operating Partnership,
L.P., member
By: MeriStar Hospitality Corporation,
general partner
By: /s/ Xxxx Xxxxxxxx
-----------------------------------
Name: Xxxx Xxxxxxxx
-----------------------------------
Title: Chief Executive Officer
----------------------------------
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[SIGNATURE PAGE OF THIRD AMENDMENT TO SECOND AMENDED AND
RESTATED SENIOR SECURED CREDIT AGREEMENT]
3100 GLENDALE JOINT VENTURE,
an Ohio general partnership
By: AGH UPREIT LLC, partner
By: MeriStar Hospitality
Corporation, member
By: /s/ Xxxx Xxxxxxxx
-----------------------------------
Name: Xxxx Xxxxxxxx
-----------------------------------
Title: Chief Executive Officer
----------------------------------
By: MeriStar Hospitality Operating Partnership,
L.P., member
By: MeriStar Hospitality
Corporation, general partner
By: /s/ Xxxx Xxxxxxxx
-----------------------------------
Name: Xxxx Xxxxxxxx
-----------------------------------
Title: Chief Executive Officer
----------------------------------
By: MeriStar Hospitality Operating Partnership,
L.P., partner
By: MeriStar Hospitality
Corporation, general partner
By: /s/ Xxxx Xxxxxxxx
-----------------------------------
Name: Xxxx Xxxxxxxx
-----------------------------------
Title: Chief Executive Officer
----------------------------------
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[SIGNATURE PAGE OF THIRD AMENDMENT TO SECOND AMENDED AND
RESTATED SENIOR SECURED CREDIT AGREEMENT]
MT. ARLINGTON NEW JERSEY, LLC,
a Delaware limited partnership
MDV LIMITED PARTNERSHIP,
a Texas limited partnership
183 HOTEL ASSOCIATES, LTD.,
a Texas limited partnership
RICHMOND WILLIAMSBURG ASSOCIATES, LTD.,
a Texas limited partnership
LAKE BUENA VISTA PARTNERS, LTD.,
a Florida limited partnership
COCOA BEACH HOTELS, LTD.,
a Florida limited partnership
DURHAM I-85 LIMITED PARTNERSHIP,
a Delaware limited partnership
By: AGH UPREIT LLC, general partner
By: MeriStar Hospitality Corporation, member
By: /s/ Xxxx Xxxxxxxx
-----------------------------------
Name: Xxxx Xxxxxxxx
-----------------------------------
Title: Chief Executive Officer
----------------------------------
By: MeriStar Hospitality Operating Partnership,
L.P., member
By: MeriStar Hospitality
Corporation, general partner
By: /s/ Xxxx Xxxxxxxx
-----------------------------------
Name: Xxxx Xxxxxxxx
-----------------------------------
Title: Chief Executive Officer
----------------------------------
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[SIGNATURE PAGE OF THIRD AMENDMENT TO SECOND AMENDED AND
RESTATED SENIOR SECURED CREDIT AGREEMENT]
75 ARLINGTON HEIGHTS LIMITED PARTNERSHIP, L.P.,
a Delaware limited partnership
By: AGH Arlington Heights LLC, a Delaware limited
liability company, general partner
By: MeriStar Hospitality Operating Partnership,
L.P., member
By: MeriStar Hospitality
Corporation, general partner
By: /s/ Xxxx Xxxxxxxx
-------------------------------------
Name: Xxxx Xxxxxxxx
-----------------------------------
Title: Chief Executive Officer
----------------------------------
AGH 75 ARLINGTON HEIGHTS LLC, a Delaware limited
liability company
By: MeriStar Hospitality Operating Partnership, a
Delaware limited partnership, member
By: MeriStar Hospitality Corporation, its general
partner
By: /s/ Xxxx Xxxxxxxx
------------------------------------------
Name: Xxxx Xxxxxxxx
---------------------------------------
Title: Chief Executive Officer
---------------------------------------
AGH PSS I, INC., a Delaware corporation
By: /s/ Xxxx Xxxxxxxx
------------------------------------------
Name: Xxxx Xxxxxxxx
---------------------------------------
Title: Chief Executive Officer
---------------------------------------
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[SIGNATURE PAGE OF THIRD AMENDMENT TO SECOND AMENDED AND
RESTATED SENIOR SECURED CREDIT AGREEMENT]
SOCIETE GENERALE, SOUTHWEST
AGENCY, individually and as Arranger
and Administrative Agent
By: /s/ Xxxxxx X. Day
-------------------------------------
Name: Xxxxxx X. Day
----------------------------------
Title: Managing Director
----------------------------------
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[SIGNATURE PAGE OF THIRD AMENDMENT TO SECOND AMENDED AND
RESTATED SENIOR SECURED CREDIT AGREEMENT]
BANKERS TRUST COMPANY, individually and as
Arranger and Syndication Agent
By: /s/ Xxxxx Burinck
-------------------------------------
Name: Xxxxx Burinck
----------------------------------
Title: Principal
----------------------------------
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[SIGNATURE PAGE OF THIRD AMENDMENT TO SECOND AMENDED AND
RESTATED SENIOR SECURED CREDIT AGREEMENT]
XXXXX FARGO BANK, NATIONAL ASSOCIATION
By: /s/ Xxxxx X XxXxxxxxx
------------------------------------
Name: Xxxxx X. XxXxxxxxx
----------------------------------
Title: Vice President
---------------------------------
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[SIGNATURE PAGE OF THIRD AMENDMENT TO SECOND AMENDED AND
RESTATED SENIOR SECURED CREDIT AGREEMENT]
LENDER
Fleet National Bank
---------------------------------
By: /s/ Xxxx X. Xxxxx
------------------------------
Name: Xxxx X. Xxxxx
----------------------------
Title: Director
---------------------------
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[SIGNATURE PAGE OF THIRD AMENDMENT TO SECOND AMENDED AND
RESTATED SENIOR SECURED CREDIT AGREEMENT]
THE BANK OF NOVA SCOTIA, acting through
its San Francisco Agency
By: /s/ Xxxx Xxxxxx
---------------------------------
Name: Xxxx Xxxxxx
-------------------------------
Title: Managing Director
------------------------------
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[SIGNATURE PAGE OF THIRD AMENDMENT TO SECOND AMENDED AND
RESTATED SENIOR SECURED CREDIT AGREEMENT]
BANK OF AMERICA, (f/k/a NationsBank, N.A.)
By: /s/ Xxxxx XxXxxxxx
-----------------------------------
Name: Xxxxx XxXxxxxx
---------------------------------
Title: Vice President
--------------------------------
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[SIGNATURE PAGE OF THIRD AMENDMENT TO SECOND AMENDED AND
RESTATED SENIOR SECURED CREDIT AGREEMENT]
XXXXXX COMMERCIAL PAPER, INC.,
individually and as Arranger and
Documentation Agent
By: /s/ Xxxxxxx X. Gilhoul
----------------------------------
Name: Xxxxxxx X. Gilhoul
--------------------------------
Title: Authorized Signatory
-------------------------------
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[SIGNATURE PAGE OF THIRD AMENDMENT TO SECOND AMENDED AND
RESTATED SENIOR SECURED CREDIT AGREEMENT]
BANK ONE, NA
By: /s/ Xxxxxx X. Xxxxxxx
----------------------------------
Name: Xxxxxx X. Xxxxxxx
--------------------------------
Title: FIRST VICE PRESIDENT
-------------------------------
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[SIGNATURE PAGE OF THIRD AMENDMENT TO SECOND AMENDED AND
RESTATED SENIOR SECURED CREDIT AGREEMENT]
LENDER
GENERAL ELECTRIC CAPITAL CORPORATION
------------------------------------
By: /s/ Xxxx Xxxxxxx
----------------------------------
Name: Xxxx Xxxxxxx
--------------------------------
Title: DULY AUTHORIZED SIGNATORY
-------------------------------
-26-
[SIGNATURE PAGE OF THIRD AMENDMENT TO SECOND AMENDED AND
RESTATED SENIOR SECURED CREDIT AGREEMENT]
ERSTE BANK, DER OESTERREICHISCHEN
SPARKASSEN AG
By: /s/ Xxxx Xxxxxxx
----------------------------------
Xxxx Xxxxxxx, Vice President
By: /s/ Xxxx Xxxxxxx
----------------------------------
Xxxx Xxxxxxx, First Vice President
-27-
[SIGNATURE PAGE OF THIRD AMENDMENT TO SECOND AMENDED AND
RESTATED SENIOR SECURED CREDIT AGREEMENT]
LENDER:
K2H CNC LLC
------------------------------------
By: /s/ Xxxxxxxx Xxxx
----------------------------------
Name: XXXXXXXX XXXX
--------------------------------
Title: AUTHORIZED AGENT
-------------------------------
-28-
[SIGNATURE PAGE OF THIRD AMENDMENT TO SECOND AMENDED AND
RESTATED SENIOR SECURED CREDIT AGREEMENT]
LENDER:
K2H Crescent LLC
------------------------------------
By: /s/ Xxxxxxxx Xxxx
----------------------------------
Name: XXXXXXXX XXXX
--------------------------------
Title: AUTHORIZED AGENT
-------------------------------
-29-
[SIGNATURE PAGE OF THIRD AMENDMENT TO SECOND AMENDED AND
RESTATED SENIOR SECURED CREDIT AGREEMENT]
LENDER:
K2H Crescent-2 LLC
------------------------------------
By: /s/ Xxxxxxxx Xxxx
----------------------------------
Name: XXXXXXXX XXXX
--------------------------------
Title: AUTHORIZED AGENT
-------------------------------
-30-
[SIGNATURE PAGE OF THIRD AMENDMENT TO SECOND AMENDED AND
RESTATED SENIOR SECURED CREDIT AGREEMENT]
LENDER:
K2H Crescent - 3 LLC
------------------------------------
By: /s/ Xxxxxxxx Xxxx
----------------------------------
Name: XXXXXXXX XXXX
--------------------------------
Title: AUTHORIZED AGENT
-------------------------------
-31-
[SIGNATURE PAGE OF THIRD AMENDMENT TO SECOND AMENDED AND
RESTATED SENIOR SECURED CREDIT AGREEMENT]
LENDER:
K2H Pondview LLC
------------------------------------
By: /s/ Xxxxxxxx Xxxx
----------------------------------
Name: XXXXXXXX XXXX
--------------------------------
Title: AUTHORIZED AGENT
-------------------------------
-32-
[SIGNATURE PAGE OF THIRD AMENDMENT TO SECOND AMENDED AND
RESTATED SENIOR SECURED CREDIT AGREEMENT]
LENDER:
K2H WaterSide LLC
------------------------------------
By: /s/ Xxxxxxxx Xxxx
----------------------------------
Name: XXXXXXXX XXXX
--------------------------------
Title: AUTHORIZED AGENT
-------------------------------
-33-
[SIGNATURE PAGE OF THIRD AMENDMENT TO SECOND AMENDED AND
RESTATED SENIOR SECURED CREDIT AGREEMENT]
SEQUILS IV. LTD.
By: TCW Advisors, Inc. as its
Collateral Manager
By: /s/ Xxxx Xxxx
--------------------------------
Name: Xxxx Xxxx
Title: Managing Director
By: /s/ Xxxxxxxx Xxxx
--------------------------------
Name: Xxxxxxxx Xxxx
Title: Senior Vice President
-34-
[SIGNATURE PAGE OF THIRD AMENDMENT TO SECOND AMENDED AND
RESTATED SENIOR SECURED CREDIT AGREEMENT]
SEQUILS I. LTD.
By: TCW Advisors Inc. as its
Collateral Manager
By: /s/ Xxxx X. Gold
--------------------------------
Name: Xxxx X. Gold
Title: Managing Director
By: /s/ Xxxxxxxx Xxxx
--------------------------------
Name: Xxxxxxxx Xxxx
Title: Senior Vice President
-35-
[SIGNATURE PAGE OF THIRD AMENDMENT TO SECOND AMENDED AND
RESTATED SENIOR SECURED CREDIT AGREEMENT]
TCW Leveraged Income Trust, L.P.
by: TCW Advisors (Bermuda) Ltd.,
as General Partner
By: /s/ Xxxx X. Gold
--------------------------------
Name: Xxxx X. Gold
Title: Managing Director
By: TCW Investment Management Company,
as Investment Advisor
By: /s/ Xxxxxxxx Xxxx
--------------------------------
Name: Xxxxxxxx Xxxx
Title: Senior Vice President
-36-
[SIGNATURE PAGE OF THIRD AMENDMENT TO SECOND AMENDED AND
RESTATED SENIOR SECURED CREDIT AGREEMENT]
TCW LEVERAGED INCOME TRUST, IV, L.P.
By: TCW (XXXX XX), L.L.P.
as General Partner
By: TCW ASSET MANAGEMENT COMPANY,
as managing member of the General
Partner
By: /s/ Xxxx X. Gold
--------------------------------
Name: Xxxx X. Gold
Title: Managing Director
By: /s/ Xxxxxxxx Xxxx
--------------------------------
Name: Xxxxxxxx Xxxx
Title: Senior Vice President
-37-
[SIGNATURE PAGE OF THIRD AMENDMENT TO SECOND AMENDED AND
RESTATED SENIOR SECURED CREDIT AGREEMENT]
Crescent/Mach I Partners, L.P.,
by: TCW Asset Management Company,
its Investment Managers
By: /s/ Xxxx X. Gold
--------------------------
Xxxx X. Gold
Managing Director
-38-
[SIGNATURE PAGE OF THIRD AMENDMENT TO SECOND AMENDED AND
RESTATED SENIOR SECURED CREDIT AGREEMENT]
TCW Leveraged Income Trust II, L.P.
by: TCW Advisors (Bermuda), Ltd.,
as General Partner
By: /s/ Xxxx X. Gold
-------------------------------------
Name: Xxxx X. Gold
Title: Managing Director
By: TCW Investment Management Company,
as Investment Advisor
By: /s/ Xxxxxxxx Xxxx
------------------------------------
Name: Xxxxxxxx Xxxx
Title: Senior Vice President
-39-
