CREDIT AGREEMENT dated as of May 29, 2007 among ARCHSTONE-SMITH OPERATING TRUST, as Borrower and ARCHSTONE-SMITH TRUST, as Parent and MORGAN STANLEY SENIOR FUNDING, INC. as Administrative Agent and the Lenders Party Hereto MORGAN STANLEY SENIOR...Credit Agreement • May 30th, 2007 • Archstone Smith Operating Trust • Real estate investment trusts • New York
THIS CREDIT AGREEMENT (the “Agreement”) is made and entered into as of May 29, 2007, by and among ARCHSTONE-SMITH OPERATING TRUST, a Maryland real estate investment trust (the “Borrower”), ARCHSTONE-SMITH TRUST, a Maryland real estate investment trust, and the parent of the Borrower (the “Parent”), the financial institutions (the “Lenders”) which are now or may hereafter become signatories hereto and MORGAN STANLEY SENIOR FUNDING, INC., a Delaware Corporation, as administrative agent for the Lenders.
GUARANTYGuaranty • May 30th, 2007 • Archstone Smith Operating Trust • Real estate investment trusts • New York
THIS GUARANTY dated as of May 29, 2007, is executed and delivered by ARCHSTONE-SMITH TRUST, a Maryland real estate investment trust (“Guarantor”), in favor of (a) MORGAN STANLEY SENIOR FUNDING, INC., in its capacity as Agent (the “Agent”) for the Lenders under that certain Credit Agreement dated as of May 29, 2007 by and among ARCHSTONE-SMITH OPERATING TRUST (the “Borrower”), Archstone-Smith Trust, the financial institutions party thereto and their assignees in accordance therewith (the “Lenders”), and the Agent (as the same may be amended, restated, supplemented or otherwise modified from time to time in accordance with its terms, the “Credit Agreement”) and (b) the Lenders.
