LOAN AND SECURITY AGREEMENTLoan and Security Agreement • March 13th, 2007 • NNN 2003 Value Fund LLC • Operators of nonresidential buildings • Pennsylvania
THIS LOAN AND SECURITY AGREEMENT (together with any amendments, restatements or other modifications, this “Loan Agreement”) dated effective as of March 7, 2007, is by and between NNN VF FOUR RESOURCE SQUARE, LLC, a Delaware limited liability company (“Borrower”), and RAIT PARTNERSHIP, L.P., a Delaware limited partnership (together with its successors and assigns, “Lender”).
PLEDGE AND SECURITY AGREEMENTPledge and Security Agreement • March 13th, 2007 • NNN 2003 Value Fund LLC • Operators of nonresidential buildings • Pennsylvania
THIS PLEDGE AND SECURITY AGREEMENT (together with all amendments, restatements and other modifications, this “Agreement”), is dated effective as of March 7, 2007, is by and between NNN 2003 VALUE FUND, LLC, a Delaware limited liability company (“Pledgor”), and RAIT PARTNERSHIP, L.P., a Delaware limited partnership (together with its successors and assigns, “Lender”).
ENVIRONMENTAL INDEMNITY AGREEMENTEnvironmental Indemnity Agreement • March 13th, 2007 • NNN 2003 Value Fund LLC • Operators of nonresidential buildings • North Carolina
THIS ENVIRONMENTAL INDEMNITY AGREEMENT (this “Agreement”), is dated effective as of March 7, 2007, by NNN VF FOUR RESOURCE SQUARE, LLC, a Delaware limited liability company (“Borrower”), and NNN 2003 VALUE FUND, LLC, a Delaware limited liability company (together with Borrower being referred to herein collectively as “Indemnitor”), in favor of RAIT PARTNERSHIP, L.P., a Delaware limited partnership (“Indemnitee”), and other Indemnified Parties (as hereinafter defined).
GUARANTY OF NON-RECOURSE CARVEOUTSGuaranty of Non-Recourse Carveouts • March 13th, 2007 • NNN 2003 Value Fund LLC • Operators of nonresidential buildings
THIS GUARANTY OF NON-RECOURSE CARVEOUTS (this “Guaranty”), dated effective as of March 7, 2007, is made by NNN 2003 VALUE FUND, LLC, a Delaware limited liability company (“Guarantor”), having its principal place of business c/o Triple Net Properties, LLC, 1551 N. Tustin Avenue, Suite 300, Santa Ana, California 92705 for the benefit of RAIT PARTNERSHIP, L.P., a Delaware limited partnership (together with its successors and or assigns, “Lender”).
DEED OF TRUST, SECURITY AGREEMENT AND FIXTURE FILINGNNN 2003 Value Fund LLC • March 13th, 2007 • Operators of nonresidential buildings • North Carolina
THIS DEED OF TRUST, SECURITY AGREEMENT AND FIXTURE FILING (as the same may be supplemented, amended, modified or extended from time to time, “Deed of Trust”) is made effective as of March 7, 2007, by NNN VF FOUR RESOURCE SQUARE, LLC, a Delaware limited liability company, having its principal place of business c/o Triple Net Properties, LLC, 1551 N. Tustin Avenue, Suite 300, Santa Ana, California 92705, as Grantor (“Borrower”), to BRIAN L. MURLAND, ESQUIRE, having an address at c/o Ledgewood, P.C., 1900 Market Street, Suite 750, Philadelphia, Pennsylvania 19103 (“Trustee”), for the benefit of RAIT PARTNERSHIP, L.P., a Delaware limited partnership, having an address at 1818 Market Street, 28th Floor, Philadelphia, PA 19103, as Beneficiary (together with its successors and/or assigns, “Lender”).
