Common use of Amounts and Terms of the Advances and the Letters of Credit Clause in Contracts

Amounts and Terms of the Advances and the Letters of Credit. Section 2.01 The Advances and the Letters of Credit 31 Section 2.02 Making the Advances 32 Section 2.03 Issuance of and Drawings and Reimbursement Under Letters of Credit 36 Section 2.04 Repayment of Advances 38 Section 2.05 Termination or Reduction of the Commitments 39 Section 2.06 Prepayments 40 Section 2.07 Interest 41 Section 2.08 Fees 42 Section 2.09 Conversion of Advances 43 Section 2.10 Increased Costs, Etc. 43 Section 2.11 Payments and Computations 45 Section 2.12 Taxes 47 Section 2.13 Sharing of Payments, Etc. 51 Section 2.14 Use of Proceeds 51 Section 2.15 Evidence of Debt 51 Section 2.16 Extensions of Termination Date 52 Section 2.17 Increase in the Aggregate Commitments 53 Section 2.18 Defaulting Lenders 54 Section 2.19 Cash Collateral Account 56 Section 2.20 Replacement of Lenders 57 ARTICLE III CONDITIONS OF LENDING AND ISSUANCES OF LETTERS OF CREDIT Section 3.01 Conditions Precedent to Initial Extension of Credit 58 Section 3.02 Conditions Precedent to Each Borrowing, Issuance and Renewal, Extension and Increase 61 Section 3.03 Conditions Precedent to Each Competitive Bid Advance 63 Section 3.04 Determinations Under Sections 3.01, 3.02 and 3.03 63

Appears in 2 contracts

Samples: Credit Agreement (Easterly Government Properties, Inc.), Credit Agreement (Easterly Government Properties, Inc.)

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Amounts and Terms of the Advances and the Letters of Credit. Section 2.01 The Advances and the Letters of Credit 31 32 Section 2.02 Making the Advances 32 33 Section 2.03 Issuance of and Drawings and Reimbursement Under Letters of Credit 36 34 Section 2.04 Repayment of Advances 38 40 Section 2.05 Termination or Reduction of the Commitments 39 41 Section 2.06 Prepayments 40 41 Section 2.07 Interest 41 42 Section 2.08 Fees 42 43 Section 2.09 Conversion of Advances 43 44 Section 2.10 Increased Costs, Etc. 43 44 Section 2.11 Payments and Computations 45 46 Section 2.12 Taxes 47 Section 2.13 Sharing of Payments, Etc. 51 49 Section 2.14 Use of Proceeds 51 50 Section 2.15 Defaulting Lenders 50 Section 2.16 Evidence of Debt 51 Section 2.16 Extensions of Termination Date 52 53 Section 2.17 Increase in the Aggregate Commitments Priority and Liens 53 Section 2.18 Defaulting Lenders Payment of Obligations 54 Section 2.19 Cash Collateral Account 56 Section 2.20 Replacement No Discharge: Survival of Lenders 57 Claims 54 ARTICLE III CONDITIONS OF LENDING AND ISSUANCES OF LETTERS OF CREDIT TO EFFECTIVENESS Section 3.01 Conditions Precedent to Initial Extension of Credit 58 Effectiveness 54 Section 3.02 Conditions Precedent to Each Borrowing, Borrowing and Issuance and Renewal, Extension and Increase 61 56 Section 3.03 Conditions Precedent to Each Competitive Bid Advance 63 Section 3.04 Determinations Under Sections 3.01, 3.02 and 3.03 63Section 3.01 57

Appears in 1 contract

Samples: Possession Credit Agreement (Worldcom Inc)

Amounts and Terms of the Advances and the Letters of Credit. Section SECTION 2.01 The Advances and the Letters of Credit 31 Section 36 SECTION 2.02 Making the Advances 32 Section 37 SECTION 2.03 Issuance of and Drawings and Reimbursement Under Letters of Credit 36 Section 41 SECTION 2.04 Repayment of Advances 38 Section 44 SECTION 2.05 Termination or Reduction of the Commitments 39 Section 45 SECTION 2.06 Prepayments 40 Section 45 SECTION 2.07 Interest 41 Section 46 SECTION 2.08 Fees 42 Section 51 SECTION 2.09 Conversion of Advances 43 Section 53 SECTION 2.10 Increased Costs, Etc. 43 Section 53 SECTION 2.11 Payments and Computations 45 Section 55 SECTION 2.12 Taxes 47 Section 57 SECTION 2.13 Sharing of Payments, Etc. 51 Section 61 SECTION 2.14 Use of Proceeds 51 Section 61 SECTION 2.15 Evidence of Debt 51 Section 62 SECTION 2.16 Extensions of Termination RC Maturity Date 52 Section 62 SECTION 2.17 Increase in the Aggregate Revolving Credit Commitments 53 Section 63 SECTION 2.18 Defaulting Lenders 54 Section 64 SECTION 2.19 Cash Collateral Account 56 Section 66 SECTION 2.20 Replacement of Lenders 57 68 SECTION 2.21 Reallocation of Lender Pro Rata Shares; No Novation 68 ARTICLE III CONDITIONS OF LENDING AND ISSUANCES OF LETTERS OF CREDIT Section SECTION 3.01 Conditions Precedent to Initial Extension of Credit 58 Section 70 SECTION 3.02 Conditions Precedent to Each Borrowing, Issuance and Renewal, Extension and Increase 61 Section 72 SECTION 3.03 Conditions Precedent to Each Competitive Bid Advance 63 Section 74 SECTION 3.04 Determinations Under Sections 3.01, 3.02 and 3.03 6374 ARTICLE IV

Appears in 1 contract

Samples: Credit Agreement (Easterly Government Properties, Inc.)

Amounts and Terms of the Advances and the Letters of Credit. Section 2.01 The Advances and the Letters of Credit 31 51 Section 2.02 Making the Advances 32 52 Section 2.03 Issuance of and Drawings and Reimbursement Under Letters of Credit 36 55 Section 2.04 Repayment of Advances 38 61 Section 2.05 Termination or Reduction of the Commitments 39 61 Section 2.06 Prepayments 40 62 Section 2.07 Interest 41 64 Section 2.08 Fees 42 65 Section 2.09 Conversion of Advances 43 66 Section 2.10 Increased Costs, Etc. 43 67 Section 2.11 Payments and Computations 45 68 Section 2.12 Taxes 47 69 Section 2.13 Sharing of Payments, Etc. 51 73 Section 2.14 Use of Proceeds 51 73 Section 2.15 Defaulting Lenders 73 Section 2.16 Evidence of Debt 51 Section 2.16 Extensions of Termination Date 52 76 Section 2.17 Increase in the Aggregate Commitments 53 Replacement of Certain Lenders 76 Section 2.18 Defaulting Lenders 54 Incremental Facilities 77 Section 2.19 Cash Collateral Account 56 Extended Facilities 79 Section 2.20 Replacement of Lenders 57 Refinancing Facilities 81 ARTICLE III CONDITIONS OF LENDING AND ISSUANCES OF LETTERS OF CREDIT Section 3.01 Conditions Precedent to Initial Extension of Credit 58 Section 3.02 Conditions Precedent to Each Borrowing, Issuance and Renewal, Extension and Increase 61 Section 3.03 Conditions Precedent to Each Competitive Bid Advance 63 Section 3.04 Determinations Under Sections 3.01, 3.02 and 3.03 63III

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Dana Inc)

Amounts and Terms of the Advances and the Letters of Credit. Section 2.01 SECTION 2.01. The Advances and the Letters of Credit 31 Section 2.02 26 SECTION 2.02. Making the Advances 32 Section 2.03 28 SECTION 2.03. Issuance of and Drawings and Reimbursement Under Letters of Credit 36 Section 2.04 30 SECTION 2.04. Repayment of Advances 38 Section 2.05 31 SECTION 2.05. Termination or Reduction of the Commitments 39 Section 2.06 33 SECTION 2.06. Prepayments 40 Section 2.07 34 SECTION 2.07. Interest 41 Section 2.08 35 SECTION 2.08. Fees 42 Section 2.09 36 SECTION 2.09. Conversion of Advances 43 Section 2.10 37 SECTION 2.10. Increased Costs, Etc. 43 Section 2.11 38 SECTION 2.11. Payments and Computations 45 Section 2.12 39 SECTION 2.12. Taxes 47 Section 2.13 42 SECTION 2.13. Sharing of Payments, Etc. 51 Section 2.14 44 SECTION 2.14. Use of Proceeds 51 Section 2.15 45 SECTION 2.15. Defaulting Lenders 45 SECTION 2.16. Evidence of Debt 51 Section 2.16 Extensions of Termination Date 52 Section 2.17 Increase in the Aggregate Commitments 53 Section 2.18 Defaulting Lenders 54 Section 2.19 Cash Collateral Account 56 Section 2.20 Replacement of Lenders 57 45 ARTICLE III CONDITIONS OF LENDING AND ISSUANCES OF LETTERS OF CREDIT Section 3.01 SECTION 3.01. Conditions Precedent to Initial Extension of Credit 58 Section 3.02 46 SECTION 3.02. Conditions Precedent to Each Borrowing, Borrowing and Issuance and Renewal, Extension and Increase 61 Section 3.03 Conditions Precedent to Each Competitive Bid Advance 63 Section 3.04 Renewal 50 SECTION 3.03. Determinations Under Sections 3.01, 3.02 and 3.03 63Section 3.01 51

Appears in 1 contract

Samples: Credit Agreement (Landrys Restaurants Inc)

Amounts and Terms of the Advances and the Letters of Credit. Section 2.01 SECTION 2.01. The Advances and the Letters of Credit 31 Section 2.02 28 SECTION 2.02. Making the Advances 32 Section 2.03 29 SECTION 2.03. Issuance of and Drawings and Reimbursement Under Letters of Credit 36 Section 2.04 Credit. 32 SECTION 2.04. Repayment of Advances 38 Section 2.05 33 SECTION 2.05. Termination or Reduction of the Commitments 39 Section 2.06 34 SECTION 2.06. Prepayments 40 Section 2.07 35 SECTION 2.07. Interest 41 Section 2.08 36 SECTION 2.08. Fees 42 Section 2.09 37 SECTION 2.09. Conversion of Advances 43 Section 2.10 38 SECTION 2.10. Increased Costs, EtcEtc 38 SECTION 2.11. 43 Section 2.11 Payments and Computations 45 Section 2.12 40 SECTION 2.12. Taxes 47 Section 2.13 42 SECTION 2.13. Sharing of Payments, EtcEtc 45 SECTION 2.14. 51 Section 2.14 Use of Proceeds 51 Section 2.15 46 SECTION 2.15. Defaulting Lenders 46 SECTION 2.16. Evidence of Debt 51 Section 2.16 Extensions of Termination Date 52 Section 2.17 Increase in the Aggregate Commitments 53 Section 2.18 Defaulting Lenders 54 Section 2.19 Cash Collateral Account 56 Section 2.20 Replacement of Lenders 57 48 ARTICLE III CONDITIONS TO EFFECTIVENESS AND OF LENDING AND ISSUANCES OF LETTERS OF CREDIT Section 3.01 SECTION 3.01. Conditions Precedent to Initial Extension of Credit 58 Section 3.02 49 SECTION 3.02. Conditions Precedent to Each Borrowing, Borrowing and Issuance and Renewal, Extension and Increase 61 Section 3.03 Conditions Precedent to Each Competitive Bid Advance 63 Section 3.04 Renewal 54 SECTION 3.03. Determinations Under Sections 3.01, 3.02 and 3.03 63Section 3.01 54

Appears in 1 contract

Samples: Credit Agreement (Maguire Properties Inc)

Amounts and Terms of the Advances and the Letters of Credit. Section 2.01 SECTION 2.01. The Advances and the Letters of Credit 31 Section 2.02 27 SECTION 2.02. Making the Advances 32 Section 2.03 29 SECTION 2.03. Issuance of and Drawings and Reimbursement Under Letters of Credit 36 Section 2.04 Credit. 31 SECTION 2.04. Repayment of Advances 38 Section 2.05 32 SECTION 2.05. Termination or Reduction of the Commitments 39 Section 2.06 33 SECTION 2.06. Prepayments 40 Section 2.07 34 SECTION 2.07. Interest 41 Section 2.08 35 SECTION 2.08. Fees 42 Section 2.09 36 SECTION 2.09. Conversion of Advances 43 Section 2.10 36 SECTION 2.10. Increased Costs, EtcEtc 37 SECTION 2.11. 43 Section 2.11 Payments and Computations 45 Section 2.12 39 SECTION 2.12. Taxes 47 Section 2.13 41 SECTION 2.13. Sharing of Payments, EtcEtc 44 SECTION 2.14. 51 Section 2.14 Use of Proceeds 51 Section 2.15 44 SECTION 2.15. Defaulting Lenders 44 SECTION 2.16. Evidence of Debt 51 Section 2.16 Extensions of Termination Date 52 Section 2.17 Increase in the Aggregate Commitments 53 Section 2.18 Defaulting Lenders 54 Section 2.19 Cash Collateral Account 56 Section 2.20 Replacement of Lenders 57 47 ARTICLE III CONDITIONS TO EFFECTIVENESS AND OF LENDING AND ISSUANCES OF LETTERS OF CREDIT Section 3.01 SECTION 3.01. Conditions Precedent to Initial Extension of Credit 58 Section 3.02 48 SECTION 3.02. Conditions Precedent to Each Borrowing, Borrowing and Issuance and Renewal, Extension and Increase 61 Section 3.03 Conditions Precedent to Each Competitive Bid Advance 63 Section 3.04 Renewal 53 SECTION 3.03. Determinations Under Sections 3.01, 3.02 and 3.03 63Section 3.01 53

Appears in 1 contract

Samples: Credit Agreement (Maguire Properties Inc)

Amounts and Terms of the Advances and the Letters of Credit. Section SECTION 2.01 The Advances and the Letters of Credit 31 Section 23 SECTION 2.02 Making the Advances 32 Section 25 SECTION 2.03 Issuance of and Drawings and Reimbursement Under Letters of Credit 36 Section 28 SECTION 2.04 Repayment of Advances 38 Section 30 SECTION 2.05 Termination or Reduction of the Commitments 39 Section 32 SECTION 2.06 Prepayments 40 Section 32 SECTION 2.07 Interest 41 Section 33 SECTION 2.08 Fees 42 Section 34 SECTION 2.09 Conversion of Advances 43 Section 35 SECTION 2.10 Increased Costs, Etc. 43 Section 36 SECTION 2.11 Payments and Computations 45 Section 38 SECTION 2.12 Taxes 47 Section 39 SECTION 2.13 Sharing of Payments, Etc. 51 Section 41 SECTION 2.14 Use of Proceeds 51 Section 42 SECTION 2.15 Defaulting Lenders 42 SECTION 2.16 Evidence of Debt 51 Section 2.16 Extensions of Termination Date 52 Section 2.17 Increase in the Aggregate Commitments 53 Section 2.18 Defaulting Lenders 54 Section 2.19 Cash Collateral Account 56 Section 2.20 Replacement of Lenders 57 45 ARTICLE III CONDITIONS TO EFFECTIVENESS AND OF LENDING AND ISSUANCES OF LETTERS OF CREDIT Section SECTION 3.01 Conditions Precedent to Initial Extension of Credit 58 Section 46 SECTION 3.02 Conditions Precedent to Each Borrowing, Borrowing and Issuance and Renewal, Extension and Increase 61 Section Renewal 48 SECTION 3.03 Conditions Precedent to Each Competitive Bid Advance 63 Section 3.04 Determinations Under Sections 3.01, 3.02 and 3.03 63Section 3.01 48 i

Appears in 1 contract

Samples: Credit Agreement (Td Ameritrade Holding Corp)

Amounts and Terms of the Advances and the Letters of Credit. Section SECTION 2.01 The Advances and the Letters of Credit 31 Section 35 SECTION 2.02 Making the Advances 32 Section 36 SECTION 2.03 Issuance of and Drawings and Reimbursement Under Letters of Credit 36 Section 38 SECTION 2.04 Repayment of Advances 38 Section 41 SECTION 2.05 Termination or Reduction of the Commitments 39 Section 42 SECTION 2.06 Prepayments 40 Section 42 SECTION 2.07 Interest 41 Section 43 SECTION 2.08 Fees 42 Section 45 SECTION 2.09 Conversion of Advances 43 Section 45 SECTION 2.10 Increased Costs, Etc. 43 Section 46 SECTION 2.11 Payments and Computations 45 Section 48 SECTION 2.12 Taxes 47 Section 50 SECTION 2.13 Sharing of Payments, Etc. 51 Section 54 SECTION 2.14 Use of Proceeds 51 Section 55 SECTION 2.15 Evidence of Debt 51 Section 55 SECTION 2.16 Extensions Extension of Termination Date 52 Section 56 SECTION 2.17 Defaulting Lenders 56 SECTION 2.18 Replacement of Lenders 58 SECTION 2.19 Increase in the Aggregate Commitments 53 Section 2.18 Defaulting Lenders 54 Section 2.19 Cash Collateral Account 56 Section 59 SECTION 2.20 Replacement Reallocation of Lenders 57 Lender Pro Rata Shares; No Novation 61 ARTICLE III CONDITIONS OF LENDING AND ISSUANCES OF LETTERS OF CREDIT Section SECTION 3.01 Conditions Precedent to Initial Extension of Credit 58 Section 62 SECTION 3.02 Conditions Precedent to Each Borrowing, Issuance and Issuance, Renewal, Increase and Extension and Increase 61 Section 67 SECTION 3.03 Conditions Precedent to Each Competitive Bid Advance 63 Section 3.04 Determinations Under Sections 3.01, Section 3.01 and 3.02 and 3.03 6369

Appears in 1 contract

Samples: Credit Agreement (Five Star Senior Living Inc.)

Amounts and Terms of the Advances and the Letters of Credit. Section 2.01 The Advances and the Letters of Credit 31 40 Section 2.02 Making the Advances 32 41 Section 2.03 Issuance of and Drawings and Reimbursement Under Letters of Credit 36 43 Section 2.04 Repayment of Advances 38 49 Section 2.05 Termination or Reduction of the Commitments 39 49 Section 2.06 Prepayments 40 50 Section 2.07 Interest 41 51 Section 2.08 Fees 42 51 Section 2.09 Conversion of Advances 43 52 Section 2.10 Increased Costs, Etc. 43 Etc 53 Section 2.11 Payments and Computations 45 54 Section 2.12 Taxes 47 55 Section 2.13 Sharing of Payments, Etc. 51 Etc 59 Section 2.14 Use of Proceeds 51 59 Section 2.15 Defaulting Lenders 59 Section 2.16 Evidence of Debt 51 Section 2.16 Extensions of Termination Date 52 62 Section 2.17 Increase in the Aggregate Commitments 53 Replacement of Certain Lenders 62 Section 2.18 Defaulting Lenders 54 Incremental Facilities 63 Section 2.19 Cash Collateral Account 56 Extended Facilities 65 Section 2.20 Replacement of Lenders 57 Refinancing Facilities 67 ARTICLE III CONDITIONS OF LENDING AND ISSUANCES OF LETTERS OF CREDIT Section 3.01 Conditions Precedent to Initial Extension of Credit 58 Section 3.02 Conditions Precedent to Each Borrowing, Issuance and Renewal, Extension and Increase 61 Section 3.03 Conditions Precedent to Each Competitive Bid Advance 63 Section 3.04 Determinations Under Sections 3.01, 3.02 and 3.03 63III

Appears in 1 contract

Samples: And Guaranty Agreement (Dana Holding Corp)

Amounts and Terms of the Advances and the Letters of Credit. Section 2.01 SECTION 2.01. The Advances and the Letters of Credit 31 Section 2.02 45 SECTION 2.02. Making the Advances 32 Section 2.03 46 SECTION 2.03. Issuance of and Drawings and Reimbursement Under Letters of Credit 36 Section 2.04 48 SECTION 2.04. Repayment of Advances 38 Section 2.05 50 SECTION 2.05. Termination or Reduction of the Commitments 39 Section 2.06 51 SECTION 2.06. Prepayments 40 Section 2.07 52 SECTION 2.07. Interest 41 Section 2.08 53 SECTION 2.08. Fees 42 Section 2.09 56 SECTION 2.09. Conversion of Advances 43 Section 2.10 57 SECTION 2.10. Increased Costs, Etc. 43 Section 2.11 58 SECTION 2.11. Payments and Computations 45 Section 2.12 59 SECTION 2.12. Taxes 47 Section 2.13 62 SECTION 2.13. Sharing of Payments, Etc. 51 Section 2.14 66 SECTION 2.14. Use of Proceeds 51 Section 2.15 67 SECTION 2.15. Evidence of Debt 51 Section 2.16 67 SECTION 2.16. Extensions of Termination Maturity Date 52 Section 2.17 Increase in the Aggregate Commitments 53 Section 2.18 68 SECTION 2.17. [Intentionally Omitted] 70 SECTION 2.18. Defaulting Lenders 54 Section 2.19 70 SECTION 2.19. Replacement of Lenders 72 SECTION 2.20. Cash Collateral Account 56 Section 2.20 Replacement of Lenders 57 ARTICLE 73 Article III CONDITIONS OF LENDING AND ISSUANCES OF LETTERS OF CREDIT Section 3.01 SECTION 3.01. Conditions Precedent to Initial Extension of Credit 58 Section 3.02 73 SECTION 3.02. Conditions Precedent to Each Borrowing, Issuance Issuance, Renewal and Renewal, Extension and Increase 61 Section 3.03 Conditions Precedent to Each Competitive Bid Advance 63 Section 3.04 78 SECTION 3.03. Determinations Under Sections 3.01Section 3.01 and 3.02 80 AMERICAS/2023134647.11 i Article IV REPRESENTATIONS AND WARRANTIES SECTION 4.01. Representations and Warranties of the Loan Parties 80 Article V COVENANTS OF THE LOAN PARTIES SECTION 5.01. Affirmative Covenants 86 SECTION 5.02. Negative Covenants 92 SECTION 5.03. Reporting Requirements 100 SECTION 5.04. Financial Covenants 104 Article VI EVENTS OF DEFAULT SECTION 6.01. Events of Default 105 SECTION 6.02. Actions in Respect of the Letters of Credit upon Default 108 Article VII GUARANTY SECTION 7.01. Guaranty; Limitation of Liability 108 SECTION 7.02. Guaranty Absolute 109 SECTION 7.03. Waivers and Acknowledgments 110 SECTION 7.04. Subrogation 111 SECTION 7.05. Guaranty Supplements 112 SECTION 7.06. Indemnification by Guarantors 112 SECTION 7.07. Subordination 112 SECTION 7.08. Continuing Guaranty 113 SECTION 7.09. Keepwell 113 Article VIII PARALLEL NOTE DOCUMENTATION SECTION 8.01. Parallel Notes 114 Article IX THE ADMINISTRATIVE AGENT SECTION 9.01. Authorization and Action; Appointment of Supplemental Collateral Agents 116 SECTION 9.02. Administrative Agent’s Reliance, 3.02 Etc. 117 SECTION 9.03. Citibank and 3.03 63Affiliates 118 SECTION 9.04. Lender Party Credit Decision 118 SECTION 9.05. Indemnification by Lender Parties 119 SECTION 9.06. Successor Agents 120 SECTION 9.07. Relationship of Administrative Agent and Lenders 121 SECTION 9.08. Certain ERISA Matters 121 SECTION 9.09. Payments in Error 121 AMERICAS/2023134647.11 ii Article X MISCELLANEOUS SECTION 10.01. Amendments, Etc. 124 SECTION 10.02. Notices, Etc. 126 SECTION 10.03. No Waiver; Remedies 128 SECTION 10.04. Costs and Expenses 128 SECTION 10.05. Right of Set-off 129 SECTION 10.06. Binding Effect 130 SECTION 10.07. Assignments and Participations; Replacement Notes 130 SECTION 10.08. Execution in Counterparts 134 SECTION 10.09. Severability 134 SECTION 10.10. Survival of Representations 134 SECTION 10.11. Usury Not Intended 134 SECTION 10.12. No Liability of Issuing Bank 135 SECTION 10.13. Confidentiality 135 SECTION 10.14. Release of Collateral 138 SECTION 10.15. Patriot Act Notification; Anti-Money Laundering Act; Beneficial Ownership 138 SECTION 10.16. Jurisdiction, Etc. 139 SECTION 10.17. Governing Law 139 SECTION 10.18. WAIVER OF JURY TRIAL 139 SECTION 10.19. No Fiduciary Duties 140 SECTION 10.20. Acknowledgement and Consent to Bail-In of Affected Financial Institutions 140 SECTION 10.21. Acknowledgement Regarding Any Supported QFCs 141 SCHEDULES Schedule I - Commitments and Applicable Lending Offices Schedule II - Borrowing Base Assets Schedule III - Existing Letters of Credit Schedule IV - Allocated Loan Amounts Schedule V - Urban Select Service Properties Schedule VI - Equity Pledgor Structure Requirements Schedule 4.01(b) - Subsidiaries Schedule 4.01(m) - Existing Debt Schedule 4.01(n) - Surviving Debt Schedule 4.01(o) - Existing Liens Schedule 4.01(p) - Real Property Part I - Owned Assets Part II - Leased Assets AMERICAS/2023134647.11 iii Part III - Management Agreements Part IV - Franchise Agreements Schedule 4.01(q) - Environmental Concerns Schedule 5.01(v) - [Post-Closing Matters] EXHIBITS Exhibit A-1 - Form of Revolving Credit Facility Note Exhibit A-2 - Form of Term Loan Note Exhibit B - Form of Notice of Borrowing Exhibit C - Form of Guaranty Supplement Exhibit D - Form of Assignment and Acceptance Exhibit E - Form of Availability Certificate Exhibit F-1 - Form of Section 2.12(g) U.S. Tax Compliance Certificate (For Foreign Lender Parties That Are Not Partnerships For U.S. Federal Income Tax Purposes) Exhibit F-2 - Form of Section 2.12(g) U.S. Tax Compliance Certificate (For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes) Exhibit F-3 - Form of Section 2.12(g) U.S. Tax Compliance Certificate (For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes) Exhibit F-4 - Form of Section 2.12(g) U.S. Tax Compliance Certificate (For Foreign Lender Parties That Are Partnerships For U.S. Federal Income Tax Purposes) Exhibit G - Form of Security Agreement Exhibit H - Form of Mortgage AMERICAS/2023134647.11 iv CREDIT AGREEMENT CREDIT AGREEMENT dated as of August 4, 2022 (this “Agreement”) among HERSHA HOSPITALITY LIMITED PARTNERSHIP, a Virginia limited partnership (the “Borrower”), HERSHA HOSPITALITY TRUST, a Maryland real estate investment trust (the “Parent Guarantor”), the entities listed on the signature pages hereof as the subsidiary guarantors (together with any Additional Guarantors (as hereinafter defined) acceding hereto pursuant to Section 5.01(j) or 7.05, the “Subsidiary Guarantors” and, together with the Borrower and the Parent Guarantor, the “Guarantors”), the banks, financial institutions and other institutional lenders listed on the signature pages hereof as the initial lenders (the “Initial Lenders”), CITIBANK, N.A. (“Citibank”) and XXXXX FARGO BANK, N.A., as the initial issuers of Letters of Credit (as hereinafter defined) (the “Initial Issuing Banks”) and CITIBANK, as administrative agent (in such capacity, together with any successor administrative agent appointed pursuant to Article IX, the “Administrative Agent”) for the Lender Parties (as hereinafter defined) and collateral agent (in such capacity, together with any successor collateral agent appointed pursuant to Article IX, the “Collateral Agent”, and together with the Administrative Agent, the “Agents”) for the Secured Parties (as hereinafter defined), with XXXXX FARGO BANK, N.A. and MANUFACTURERS AND TRADERS TRUST COMPANY, as Syndication Agents (the “Syndication Agents”), FIFTH THIRD BANK, NATIONAL ASSOCIATION and WILMINGTON SAVINGS FUND SOCIETY, FSB, as Co-Documentation Agents (the “Documentation Agents”), and CITIBANK, XXXXX FARGO SECURITIES, LLC and MANUFACTURERS AND TRADERS TRUST COMPANY, as joint lead arrangers and joint book running managers (the “Arrangers”). For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and subject to the terms and conditions hereof and on the basis of the representations and warranties herein set forth, the parties hereto agree as follows:

Appears in 1 contract

Samples: Credit Agreement (Hersha Hospitality Trust)

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Amounts and Terms of the Advances and the Letters of Credit. Section 2.01 SECTION 2.01. The Advances and the Letters of Credit 31 Section 2.02 32 SECTION 2.02. Making the Advances 32 Section 2.03 33 SECTION 2.03. Issuance of and Drawings and Reimbursement Under Letters of Credit 36 Section 2.04 35 SECTION 2.04. Repayment of Advances 38 Section 2.05 37 SECTION 2.05. Termination or Reduction of the Commitments 38 SECTION 2.06. Prepayments 38 SECTION 2.07. Interest 39 Section 2.06 Prepayments 40 Section 2.07 Interest SECTION 2.08. Fees 41 Section 2.08 Fees 42 Section 2.09 SECTION 2.09. Conversion of Advances 43 Section 2.10 41 SECTION 2.10. Increased Costs, EtcEtc 42 SECTION 2.11. 43 Section 2.11 Payments and Computations 45 Section 2.12 43 SECTION 2.12. Taxes 47 Section 2.13 46 SECTION 2.13. Sharing of Payments, EtcEtc 48 SECTION 2.14. 51 Section 2.14 Use of Proceeds 51 Section 2.15 49 SECTION 2.15. Evidence of Debt 51 Section 2.16 Extensions 49 SECTION 2.16. Extension of Termination Date 52 Section 2.17 49 SECTION 2.17. Increase in the Aggregate Commitments 53 Section 2.18 Defaulting Lenders 54 Section 2.19 Cash Collateral Account 56 Section 2.20 Replacement of Lenders 57 ARTICLE 50 Article III CONDITIONS OF LENDING AND ISSUANCES OF LETTERS OF CREDIT Section 3.01 SECTION 3.01. Conditions Precedent to Initial Extension of Credit 58 Section 3.02 52 SECTION 3.02. Conditions Precedent to Each Borrowing, Issuance and Issuance, Renewal, Extension and Increase 61 Section 3.03 Conditions Precedent to Each Competitive Bid Advance 63 Section 3.04 58 SECTION 3.03. Determinations Under Sections 3.01, Section 3.01 and 3.02 and 3.03 6359 Article IV

Appears in 1 contract

Samples: Credit Agreement (Summit Hotel Properties, Inc.)

Amounts and Terms of the Advances and the Letters of Credit. Section 2.01 SECTION 2.01. The Advances and the Letters of Credit 31 Section 2.02 35 SECTION 2.02. Making the Advances 32 Section 2.03 36 SECTION 2.03. Issuance of and Drawings and Reimbursement Under Letters of Credit 36 Section 2.04 38 SECTION 2.04. Repayment of Advances 38 Section 2.05 40 SECTION 2.05. Termination or Reduction of the Commitments 39 Section 2.06 41 SECTION 2.06. Prepayments 40 Section 2.07 41 SECTION 2.07. Interest 41 Section 2.08 42 SECTION 2.08. Fees 42 Section 2.09 44 SECTION 2.09. Conversion of Advances 43 Section 2.10 45 SECTION 2.10. Increased Costs, Etc. 43 Section 2.11 46 SECTION 2.11. Payments and Computations 45 Section 2.12 47 SECTION 2.12. Taxes 47 Section 2.13 49 SECTION 2.13. Sharing of Payments, Etc. 51 Section 2.14 53 SECTION 2.14. Use of Proceeds 51 Section 2.15 54 SECTION 2.15. Evidence of Debt 51 Section 2.16 Extensions 55 SECTION 2.16. Extension of Revolving Credit Facility Termination Date 52 Section 2.17 55 SECTION 2.17. Increase in the Aggregate Commitments 53 Section 2.18 Defaulting Lenders 54 Section 2.19 56 SECTION 2.18. Cash Collateral Account 56 Section 2.20 Replacement of Lenders 57 ARTICLE III CONDITIONS OF LENDING AND ISSUANCES OF LETTERS OF CREDIT Section 3.01 SECTION 3.01. Conditions Precedent to Initial Extension of Credit 58 Section 3.02 SECTION 3.02. Conditions Precedent to Each Borrowing, Issuance and Issuance, Renewal, Extension and Increase 61 Section 3.03 Conditions Precedent to Each Competitive Bid Advance 63 Section 3.04 62 SECTION 3.03. Determinations Under Sections 3.01, Section 3.01 and 3.02 and 3.03 6363 ARTICLE IV

Appears in 1 contract

Samples: Credit Agreement (Summit Hotel Properties, Inc.)

Amounts and Terms of the Advances and the Letters of Credit. Section SECTION 2.01 The Advances and the Letters of Credit 31 Section 62 SECTION 2.02 Making the Advances 32 Section 64 SECTION 2.03 Issuance of and Drawings and Reimbursement Under Letters of Credit 36 Section 67 SECTION 2.04 Repayment of Advances 38 Section 76 SECTION 2.05 Termination or Reduction of the Commitments 39 Section 78 SECTION 2.06 Prepayments 40 Section 79 SECTION 2.07 Interest 41 Section 85 SECTION 2.08 Fees 42 Section 87 SECTION 2.09 Conversion of Advances 43 Section 89 SECTION 2.10 Increased Costs, Etc. 43 Section 91 SECTION 2.11 Payments and Computations 45 Section 96 SECTION 2.12 Taxes 47 Section 99 SECTION 2.13 Sharing of Payments, Etc. 51 Section 105 SECTION 2.14 Use of Proceeds 51 Section 107 SECTION 2.15 Defaulting Lenders 108 SECTION 2.16 Evidence of Debt 51 Section 2.16 Extensions of Termination Date 52 Section 2.17 Increase in the Aggregate Commitments 53 Section 2.18 Defaulting Lenders 54 Section 2.19 Cash Collateral Account 56 Section 2.20 Replacement of Lenders 57 114 ARTICLE III CONDITIONS TO EFFECTIVENESS AND OF LENDING AND ISSUANCES OF LETTERS OF CREDIT Section SECTION 3.01 Conditions Precedent to Initial Extension of Credit 58 Section 116 SECTION 3.02 Conditions Precedent to Each Borrowing, Borrowing and Issuance and Renewal, Extension and Increase 61 Section Renewal 125 SECTION 3.03 Conditions Precedent to Each Competitive Bid Advance 63 Section 3.04 Determinations Under Sections 3.01, 3.02 and 3.03 63Section 3.01 126

Appears in 1 contract

Samples: Intellectual Property Security Agreement (TLC Vision Corp)

Amounts and Terms of the Advances and the Letters of Credit. Section 2.01 SECTION 2.01. The Advances and the Letters of Credit 31 Section 2.02 29 SECTION 2.02. Making the Advances 32 Section 2.03 31 SECTION 2.03. Issuance of and Drawings and Reimbursement Under Letters of Credit 36 Section 2.04 33 SECTION 2.04. Repayment of Advances 38 Section 2.05 35 SECTION 2.05. Termination or Reduction of the Commitments 36 SECTION 2.06. Prepayments 37 SECTION 2.07. Interest 38 SECTION 2.08. Fees 39 Section 2.06 Prepayments 40 Section 2.07 Interest 41 Section 2.08 Fees 42 Section 2.09 SECTION 2.09. Conversion of Advances 43 Section 2.10 39 SECTION 2.10. Increased Costs, Etc. 43 Section 2.11 40 SECTION 2.11. Payments and Computations 45 Section 2.12 42 SECTION 2.12. Taxes 47 Section 2.13 44 SECTION 2.13. Sharing of Payments, Etc. 51 Section 2.14 47 SECTION 2.14. Use of Proceeds 51 Section 2.15 48 SECTION 2.15. Defaulting Lenders 48 SECTION 2.16. Evidence of Debt 51 Section 2.16 Extensions of Termination Date 52 Section 2.17 Increase in the Aggregate Commitments 53 Section 2.18 Defaulting Lenders 54 Section 2.19 Cash Collateral Account 56 Section 2.20 Replacement of Lenders 57 50 ARTICLE III CONDITIONS OF EFFECTIVENESS, LENDING AND ISSUANCES OF LETTERS OF CREDIT Section 3.01 SECTION 3.01. Conditions Precedent to Initial Restatement Extension of Credit 58 Section 3.02 51 SECTION 3.02. Conditions Precedent to Each Borrowing, Borrowing and Issuance and Renewal, Extension and Increase 61 Section 3.03 Conditions Precedent to Each Competitive Bid Advance 63 Section 3.04 Renewal 54 SECTION 3.03. Determinations Under Sections 3.01, 3.02 and 3.03 63Section 3.01 54

Appears in 1 contract

Samples: Credit Agreement (Ntelos Holdings Corp)

Amounts and Terms of the Advances and the Letters of Credit. Section 2.01 SECTION 2.01. The Advances and the Letters of Credit 31 Section 2.02 27 SECTION 2.02. Making the Advances 32 Section 2.03 28 SECTION 2.03. Issuance of and Drawings and Reimbursement Under Letters of Credit 36 Section 2.04 30 SECTION 2.04. Repayment of Advances 38 Section 2.05 31 SECTION 2.05. Termination or Reduction of the Commitments 39 Section 2.06 32 SECTION 2.06. Prepayments 40 Section 2.07 32 SECTION 2.07. Interest 41 Section 2.08 33 SECTION 2.08. Fees 42 Section 2.09 34 SECTION 2.09. Conversion of Advances 43 Section 2.10 35 SECTION 2.10. Increased Costs, EtcEtc 35 SECTION 2.11. 43 Section 2.11 Payments and Computations 45 Section 2.12 37 SECTION 2.12. Taxes 47 Section 2.13 39 SECTION 2.13. Sharing of Payments, EtcEtc 41 SECTION 2.14. 51 Section 2.14 Use of Proceeds 51 Section 2.15 41 SECTION 2.15. Evidence of Debt 51 Section 2.16 Extensions of Termination Date 52 Section 2.17 42 SECTION 2.16. Increase in the Aggregate Commitments 53 Section 2.18 Defaulting Lenders 54 Section 2.19 Cash Collateral Account 56 Section 2.20 Replacement of Lenders 57 42 ARTICLE III CONDITIONS OF LENDING AND ISSUANCES OF LETTERS OF CREDIT Section 3.01 SECTION 3.01. Conditions Precedent to Initial Extension of Credit 58 Section 3.02 44 SECTION 3.02. Conditions Precedent to Each Borrowing, Issuance and Renewal, Extension and Increase 61 Section 3.03 Conditions Precedent to Each Competitive Bid Advance 63 Section 3.04 Renewal 49 SECTION 3.03. Determinations Under Sections 3.01, 3.02 and 3.03 63Section 3.01 49 ARTICLE IV

Appears in 1 contract

Samples: Credit Agreement (American Campus Communities Inc)

Amounts and Terms of the Advances and the Letters of Credit. Section 2.01 SECTION 2.01. The Advances and the Letters of Credit 31 Section 2.02 26 SECTION 2.02. Making the Advances 32 Section 2.03 27 SECTION 2.03. Issuance of and Drawings and Reimbursement Under Letters of Credit 36 Section 2.04 29 SECTION 2.04. Repayment of Advances 38 Section 2.05 31 SECTION 2.05. Termination or Reduction of the Commitments 39 Section 2.06 32 SECTION 2.06. Prepayments 40 Section 2.07 32 SECTION 2.07. Interest 41 Section 2.08 33 SECTION 2.08. Fees 42 Section 2.09 34 SECTION 2.09. Conversion of Advances 43 Section 2.10 35 SECTION 2.10. Increased Costs, Etc. 43 Section 2.11 35 SECTION 2.11. Payments and Computations 45 Section 2.12 37 SECTION 2.12. Taxes 47 Section 2.13 39 SECTION 2.13. Sharing of Payments, Etc. 51 Section 2.14 41 SECTION 2.14. Use of Proceeds 51 Section 2.15 42 SECTION 2.15. Evidence of Debt 51 Section 2.16 Extensions 42 SECTION 2.16. Extension of Termination Date 52 Section 2.17 42 SECTION 2.17. Increase in the Aggregate Commitments 53 Section 2.18 Defaulting Lenders 54 Section 2.19 Cash Collateral Account 56 Section 2.20 Replacement of Lenders 57 43 ARTICLE III CONDITIONS OF LENDING AND ISSUANCES OF LETTERS OF CREDIT Section 3.01 SECTION 3.01. Conditions Precedent to Initial Extension of Credit 58 Section 3.02 44 SECTION 3.02. Conditions Precedent to Each Borrowing, Issuance and Renewal, Extension and Increase 61 Section 3.03 Conditions Precedent to Each Competitive Bid Advance 63 Section 3.04 Renewal 50 SECTION 3.03. Determinations Under Sections 3.01, 3.02 and 3.03 63Section 3.01 51 ARTICLE IV

Appears in 1 contract

Samples: Revolving Credit Agreement (Sunstone Hotel Investors, Inc.)

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