AMENDED AND RESTATED CREDIT AGREEMENT Dated as of December 19, 2014 among CHP PARTNERS, LP, as Borrower, KEYBANK NATIONAL ASSOCIATION, as Administrative Agent, and The Other Lenders Party HeretoCredit Agreement • December 29th, 2014 • CNL Healthcare Properties, Inc. • Real estate investment trusts • Ohio
Commencing the date hereof, the Revolving Credit Facility Margin shall be Price Level V until the receipt by Agent of the first Compliance Certificate. The Revolving Credit Facility Margin shall be determined and adjusted quarterly on the date (each a “Calculation Date”) ten (10) Business Days after receipt by the Administrative Agent of the Compliance Certificate pursuant to Section 6.02 for the most recently ended fiscal quarter of the Borrower; provided that if the Borrower fails to provide the Compliance Certificate as required by Section 6.02 for the most recently ended fiscal quarter of the Borrower preceding the applicable Calculation Date, the Revolving Credit Facility Margin from such Calculation Date shall be based on Pricing Level V until such time as an appropriate Compliance Certificate is provided, at which time the Pricing Level shall be determined by reference to the Leverage Ratio as of the last day of the most recently ended fiscal quarter of the Borrower preceding su
GUARANTY AGREEMENT Dated as of December 19, 2014 by each of the undersigned, as Guarantors in favor of THE LENDERS REFERRED TO IN THE CREDIT AGREEMENT REFERRED TO HEREINGuaranty Agreement • December 29th, 2014 • CNL Healthcare Properties, Inc. • Real estate investment trusts • Ohio
This GUARANTY AGREEMENT dated as of December 19, 2014 (the “Guaranty”) made by each of the undersigned guarantors (such Persons individually referred to herein as a “Guarantor” and collectively as the “Guarantors”) in favor of the Lenders (defined below).
TERM NOTETerm Note • December 29th, 2014 • CNL Healthcare Properties, Inc. • Real estate investment trusts
FOR VALUE RECEIVED, the undersigned (“Borrower”), hereby promises to pay to KEYBANK NATIONAL ASSOCIATION, a national banking association, or registered assigns (“Lender”), in accordance with the provisions of the Agreement (as hereinafter defined), the principal amount of each Loan from time to time made by the Lender to Borrower under that certain Amended and Restated Credit Agreement, dated as of December 19, 2014 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Agreement”; the terms defined therein being used herein as therein defined), among Borrower, the lenders from time to time party thereto, and KeyBank National Association, as Administrative Agent.
