SECOND MODIFICATION AGREEMENTSecond Modification Agreement • December 9th, 2013 • Preferred Apartment Communities Inc • Real estate investment trusts • New York
THIS SECOND MODIFICATION AGREEMENT (“Agreement”), dated December 5, 2013, is entered into by and between (i) PREFERRED APARTMENT COMMUNITIES OPERATING PARTNERSHIP, L.P., a Delaware limited partnership (“Borrower”); (ii) PREFERRED APARTMENT COMMUNITIES, INC., a Maryland corporation (“PAC REIT”); (iii) the lenders from time to time party hereto (each a “Lender” and collectively, the “Lenders”); and (iv) KEYBANK NATIONAL ASSOCIATION, as administrative agent (“Administrative Agent”).
