LOAN AGREEMENT Dated as of September 15, 2014 between SEARS, ROEBUCK AND CO., SEARS DEVELOPMENT CO. and KMART CORPORATION collectively, as Borrower, and JPP II, LLC and JPP, LLC collectively, as LenderLoan Agreement • September 16th, 2014 • Esl Partners, L.P. • Retail-department stores • New York
This Loan Agreement (this “Agreement”) is dated September 15, 2014 and is between JPP II, LLC and JPP, LLC, each a Delaware limited liability company, as lender (collectively, together with their respective successors and assigns, including any lawful holder of any portion of the Indebtedness, as hereinafter defined, “Lender”), and SEARS, ROEBUCK AND CO., SEARS DEVELOPMENT CO. and KMART CORPORATION, as borrower (individually or collectively, as the context may require, jointly and severally, together with their respective permitted successors and assigns, “Borrower”).
