FIRSTAMENDMENT TO Credit Agreement

Contract Categories: Business Finance - Credit Agreements
EX-10.1 2 ex10-1.htm

Exhibit 10.1

 

FIRST AMENDMENT TO Credit Agreement

This FIRST AMENDMENT TO CREDIT AGREEMENT (this “First Amendment”) is made and entered into as of the 19th day of May, 2011, by and among FRANKLIN STREET PROPERTIES CORP. (the “Parent”) and each of its Material Subsidiaries listed on Schedule 1 of the Credit Agreement (hereinafter defined) (collectively with the Parent, the “Borrowers”), Comerica Bank (“Comerica”) in its capacity as Lender, Compass Bank (“Compass”) in its capacity as Lender and Documentation Agent, RBS CITIZENS, NATIONAL ASSOCIATION (“Citizens”) in its capacity as Syndication Agent, REGIONS BANK (“Regions”) in its capacity as Lender and Syndication Agent, and BANK OF AMERICA, N.A. (“Bank of America”) in its capacity as Administrative Agent (the “Administrative Agent”) for itself and the other lenders party to the Credit Agreement from time to time, Swing Line Lender and L/C Issuer. Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Credit Agreement.

 

WHEREAS, the Borrowers, the Administrative Agent and certain Lenders, including, without limitation, Compass, Citizens, Regions, and Bank of America, are parties to that certain Credit Agreement dated as of February 22, 2011 (the “Original Credit Agreement”) pursuant to which the Lenders party to the Original Credit Agreement have extended credit to the Borrowers on the terms set forth therein;

 

WHEREAS, pursuant to the accordion provision in Section 2.16 of the Original Credit Agreement, the Borrowers have requested an increase in the Aggregate Commitments by $100,000,000 and Regions, Compass and Comerica have agreed to provide increases in existing Commitments or new Commitments to accommodate such request;

 

WHEREAS, pursuant to Section 2.16(c), the approval of the Administrative Agent, the L/C Issuer and the Swing Line Lender is required to the extent an increase in the Aggregate Commitments pursuant to Section 2.16 is accommodated through the introduction of an Eligible Assignee;

 

WHEREAS, pursuant to Section 2.16(f) of the Credit Agreement, any amendments to the Credit Agreement evidencing an increase in the Aggregate Commitments shall not require the consent of any Lender not participating in such increase;

 

WHEREAS, Comerica has executed a joinder to this First Amendment evidencing its acknowledgment and agreement with the terms and conditions of the Credit Agreement and its willingness to join the Credit Agreement as a Lender thereunder;

 

WHEREAS, Citizens and Regions shall each now be titled a Syndication Agent of the Credit Agreement and Compass shall be titled the Documentation Agent of the Credit Agreement;

WHEREAS, Citizens is executing this First Amendment to acknowledge and agree to its change in title from Documentation Agent to Syndication Agent;

 
 

 

WHEREAS, the parties hereto are entering into this First Amendment to make certain amendments to the Original Credit Agreement to inter alia reflect the increase in the Aggregate Commitments, changes in the Applicable Percentages, and changes in title. The Original Credit Agreement as amended by this First Amendment is referred to herein as the “Credit Agreement.”

 

NOW, THEREFORE, in consideration of the foregoing, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

1.Cover Page of the Credit Agreement. The cover page of the Original Credit Agreement is hereby amended by deleting “RBS Citizens, National Association as Documentation Agent” appearing therein and replacing it with the following:

 

“RBS Citizens, National Association as Syndication Agent”

“REGIONS BANK as Syndication Agent”

“COMPASS BANK as Documentation Agent”

 

2.Definition of “Aggregate Commitments”. Section 1.01 of the Original Credit Agreement is hereby amended by deleting the definition of “Aggregate Commitments” appearing therein and replacing it with the following definition:

 

““Aggregate Commitments” means the Commitments of all the Lenders (including any Defaulting Lender), as adjusted from time to time in accordance with the terms of this Agreement. The Aggregate Commitments shall be $600,000,000.”

 

3.Definition of “Documentation Agent”. Section 1.01 of the Original Credit Agreement is hereby amended by deleting the definition of “Documentation Agent” appearing therein and replacing it with the following definition:

 

““Documentation Agent” means Compass Bank in its capacity as documentation agent, or any successor documentation agent.”

 

4.Definition of “Lender”. Section 1.01 of the Original Credit Agreement is hereby amended by deleting the definition of “Lender” appearing therein and replacing it with the following definition:

 

‘“Lender” means each lender from time to time party hereto as a result of (i) such party’s execution of this Agreement as a “Lender” as of the Closing Date or (ii) such party’s execution by joinder of an amendment to this Agreement to increase the Aggregate Commitments pursuant to Section 2.16 hereof, pursuant to which joinder such party agrees to be bound by the terms of this Agreement as a “Lender” or (iii) such party being made a “Lender” hereunder by virtue of an executed Assignment and Assumption.”

 
 

 

 

5.Definition of “Syndication Agent”. Section 1.01 of the Original Credit Agreement is hereby amended by adding the following definition of “Syndication Agent” in the appropriate alphabetical position thereto.

 

““Syndication Agent” means RBS Citizens, National Association and Regions Bank, each in its capacity as syndication agent, or any successor syndication agent.”

 

6.Section 9.08. Section 9.08 of the Original Credit Agreement is hereby amended by deleting Section 9.08 appearing therein and replacing it with the following Section 9.08:

 

“No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of the Bookrunner(s), Arranger(s), Documentation Agent(s), Syndication Agent(s) or other titles as necessary listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the Administrative Agent, a Lender or the L/C Issuer hereunder.”

7.Schedule 1. Schedule 1 of the Original Credit Agreement is hereby deleted and the Schedule 1 attached hereto is substituted therefor.

 

8.Schedule 2.01. Schedule 2.01 of the Original Credit Agreement is hereby deleted and the Schedule 2.01 attached hereto is substituted therefor.

 

9.Schedule 10.02. Schedule 10.02 of the Original Credit Agreement is hereby deleted and the Schedule 10.02 attached hereto is substituted therefor.

 

10.No Waiver. Nothing contained herein shall be deemed to (i) constitute a waiver of any Default or Event of Default that may heretofore or hereafter occur or have occurred and be continuing or, except as expressly provided herein, to otherwise modify any provision of the Original Credit Agreement, or (ii) give rise to any defenses or counterclaims to Administrative Agent’s or any of the Lenders right to compel payment of the Obligations when due or to otherwise enforce their respective rights and remedies under the Credit Agreement and the other Loan Documents.

 

11.Conditions to Effectiveness. This First Amendment shall become effective as of the date (the “Increase Effective Date”) when each of the following conditions is met:

 

(a) receipt by the Administrative Agent of this First Amendment duly and properly authorized, executed and delivered by each of the Borrowers and the Lenders signatory hereto;

(b) receipt by the Administrative Agent of a certificate dated as of the Increase Effective Date signed by a Responsible Officer of each Borrower certifying that, before and after giving effect to such increase in Aggregate Commitments, the representations and warranties contained in Article V of the Original Credit Agreement and in the other Loan Documents are true and correct in all material respects as of the Increase Effective Date as specified in Section 2.16(e)(ii)(A)(1) and (2) of the Original Credit Agreement and that no Default or Event of Default Exists;

 
 

 

 

(c) receipt by the Administrative Agent of a certificate of each Borrower dated as of the Increase Effective Date signed by a Responsible Officer certifying and attaching the resolutions adopted by such Borrower approving or consenting to the increase in the Aggregate Commitments;

(d) execution and delivery by Borrowers of a Note payable to Comerica in connection with the joinder of Comerica to the Credit Agreement; and

(e) payment of any costs and expenses due to the Administrative Agent or the Lenders, including all of the Administrative Agent’s reasonable legal fees and expenses, incurred in the connection with the preparation, negotiation and implementation of this First Amendment or otherwise outstanding in connection with the increase in the Aggregate Commitments, including any amounts required under Section 2.16(e).

12.Representations and Warranties of Borrowers. The Borrowers represent and warrant to the Administrative Agent and the Lenders as follows:

 

(a) The execution, delivery and performance by each Borrower of this First Amendment, have been duly authorized by all necessary corporate or other organizational action, and do not and will not (a) contravene the terms of any of such Borrower’s Organization Documents; (b) conflict with or result in any breach or contravention of, or the creation of any Lien under, or require any payment to be made under (i) any Contractual Obligation to which such Borrower is a party or affecting such Borrower or the properties of such Borrower or any of its Subsidiaries or (ii) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Borrower or its property is subject; or (c) violate any Law.

(b) This First Amendment has been, and each other Loan Document, when delivered hereunder, will have been, duly executed and delivered by each Borrower that is party thereto. This First Amendment constitutes, and each other Loan Document when so delivered will constitute, a legal, valid and binding obligation of each Borrower, enforceable against each Borrower that is party thereto in accordance with its terms, except as enforceability is limited by bankruptcy, insolvency, reorganization, moratorium or other laws relating to or affecting generally the enforcement of creditors’ rights and except to the extent that availability of the remedy of specific performance or injunctive relief is subject to the discretion of the court before which any proceeding therefore may be brought.

(c) No approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with the execution and delivery of, and the performance of the Borrowers’ obligations under the Original Credit Agreement as amended by the First Amendment, except where such approval, consent, exemption, authorization, action, notice or filing has been obtained or made, and except where the failure to do so would not reasonably be expected to have a Material Adverse Effect.

 
 

 

 

13.Ratification, etc. Except as expressly amended hereby, the Original Credit Agreement, the other Loan Documents and all documents, instruments and agreements related thereto are hereby ratified and confirmed in all respects and shall continue in full force and effect. This First Amendment and the Credit Agreement shall hereafter be read and construed together as a single document, and all references in the Credit Agreement, any other Loan Document or any agreement or instrument related to the Credit Agreement shall hereafter refer to the Credit Agreement as amended by this First Amendment.

 

14.GOVERNING LAW. THIS FIRST AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

 

15.Counterparts. This First Amendment may be executed in any number of counterparts and by different parties hereto on separate counterparts, each of which when so executed and delivered shall be an original, but all of which counterparts taken together shall be deemed to constitute one and the same instrument. Any counterpart signed by all parties may be introduced into evidence in any action or proceeding without having to produce or account for the other counterparts. Likewise, the existence of this First Amendment may be established by the introduction into evidence of counterparts that are separately signed, provided they are otherwise identical in all material respects.

 

16.Section 2.16. From and after the Increase Effective Date hereof, Section 2.16 shall be null and void and of no further force or effect.
17.Approval of Comerica as a Lender. By its execution hereof, Bank of America, in its capacities as Administrative Agent, Swing Line Lender and L/C Issuer, approves of Comerica as a Lender.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 
 

IN WITNESS WHEREOF, each of the undersigned has duly executed this First Amendment to Credit Agreement as of the date first set forth above.

ADMINISTRATIVE  
AGENT: BANK OF AMERICA, N.A.,
  individually in its capacity as Administrative Agent
   
   
  By: /s/ Israel Lopez                        
  Name:   Israel Lopez
  Title:   Senior Vice President
   
   
L/C ISSUER AND BANK OF AMERICA, N.A.,
SWING LINE LENDER: individually in its capacity as L/C Issuer
  and Swing Line Lender
   
   
  By: /s/ Israel Lopez                        
  Name:   Israel Lopez
  Title:   Senior Vice President
   
   
   
   

 

[signature pages continue]

 

[Lender Signature Page to First Amendment]

 
 

LENDERS PARTICIPATING

IN INCREASE IN AGGREGATE

COMMITMENTS AND

CHANGES IN TITLE:

 

  COMPASS BANK, an Alabama banking corporation,
  individually in its capacity as a Lender and Documentation Agent
   
   
  By: /s/ S. Kent Gorman
  Name:   S. Kent Gorman
  Title: Senior Vice President
   
  [signature pages continue] 



 

 

[Lender Signature Page to First Amendment]

 
 
  REGIONS BANK,
  individually in its capacity as a Lender and Syndication Agent
   
   
  By: /s/ Paul E. Burgan
  Name: Paul E. Burgan
  Title: Vice President
   
  [signature pages continue] 

 

 

[Lender Signature Page to First Amendment]

 
 

 

  RBS CITIZENS, NATIONAL ASSOCIATION,
    as Syndication Agent
   
   
  By: /s/ Lisa M. Greeley
  Name:   Lisa M. Greeley
  Title: Senior Vice President
   
  [signature pages continue] 

 

 

[Lender Signature Page to First Amendment]

 
 
BORROWERS : FRANKLIN STREET PROPERTIES CORP.,
  a Maryland corporation
       
       
  By: /s/ George J. Carter
    Name: George J. Carter
    Title: President and Chief Executive Officer
       
       
  FSP HOLDINGS LLC,
  a Delaware limited liability company
       
       
  By: /s/ George J. Carter
    Name: George J. Carter
    Title: President
       
       
  FSP INVESTMENTS LLC,
  a Massachusetts limited liability company
       
       
  By: /s/ George J. Carter
    Name: George J. Carter
    Title: President
       
       
  FSP PROPERTY MANAGEMENT LLC,
  a Massachusetts limited liability company
       
       
  By: /s/ George J. Carter
    Name: George J. Carter
    Title: Executive Vice President
       
       
  FSP PROTECTIVE TRS CORP.,
  a Massachusetts corporation
       
       
  By: /s/ George J. Carter
    Name: George J. Carter
    Title: President

 

[Borrower Signature Page to First Amendment]

 

 

 
 

 

FSP HILLVIEW CENTER LIMITED PARTNERSHIP,
a Massachusetts limited partnership

 

By:        FSP Holdings LLC, its General Partner

 

 

By: /s/ George J. Carter

Name: George J. Carter

Title: President

 

FSP MONTAGUE BUSINESS CENTER CORP.,
a Delaware corporation

 

 

By:   /s/ George J. Carter

        Name: George J. Carter

        Title: President

 

 

FSP GREENWOOD PLAZA CORP.,
a Delaware corporation

 

 

By: /s/ George J. Carter

        Name: George J. Carter

        Title: President

 

 

FSP 380 INTERLOCKEN CORP.,
a Delaware corporation

 

 

By: /s/ George J. Carter

        Name: George J. Carter

        Title: President

 

 

FSP 390 INTERLOCKEN LLC,
a Delaware limited liability company

 

 

By: /s/ George J. Carter

        Name: George J. Carter

        Title: President and Chief Executive

        Officer

 

 

FSP BLUE LAGOON DRIVE LLC,
a Delaware limited liability company

 

 

By: /s/ George J. Carter

        Name: George J. Carter

        Title: President

 

[Borrower Signature Page to First Amendment]

 
 

 

 

FSP ONE OVERTON PARK LLC,
a Delaware limited liability company

 

 

By: /s/ George J. Carter

        Name: George J. Carter

        Title: President and Chief Executive

        Officer

 

 

FSP NORTHWEST POINT LLC,
a Delaware limited liability company

 

 

By: /s/ George J. Carter

        Name: George J. Carter

        Title: President and Chief Executive

        Officer

 

 

FSP RIVER CROSSING LLC,
a Delaware limited liability company

 

 

By: /s/ George J. Carter

        Name: George J. Carter

        Title: President

 

 

FSP BOLLMAN PLACE LIMITED PARTNERSHIP,
a Massachusetts limited partnership

 

By: FSP Holdings LLC, its General Partner

 

 

By: /s/ George J. Carter

                        Name: George J. Carter

                        Title: President

 

 

FSP EAST BALTIMORE STREET LLC,
a Delaware limited liability company

 

 

By: /s/ George J. Carter

        Name: George J. Carter

        Title: President

 
 

 

FSP SOUTHFIELD CENTRE LIMITED PARTNERSHIP, a Massachusetts limited partnership

 

By: FSP Holdings LLC, its General Partner

 

 

By: /s/ George J. Carter

                        Name: George J. Carter

                        Title: President

 

 

FSP EDeN BLUFF CORPORATE CENTER I LLC,
a Delaware limited liability company

 

 

By: /s/ George J. Carter

        Name: George J. Carter

        Title: President and Chief Executive

        Officer

 

 

FSP 121 South eighth street LLC,
a Delaware limited liability company

 

 

By: /s/ George J. Carter

        Name: George J. Carter

        Title: President and Chief Executive

        Officer

 

 

FSP LAKESIDE CROSSING I LLC,
a Delaware limited liability company

 

 

By: /s/ George J. Carter

        Name: George J. Carter

        Title: President and Chief Executive

        Officer

 

 

FSP FOREST PARK IV NC LIMITED PARTNERSHIP,
a North Carolina limited partnership

 

By: FSP Forest Park IV LLC, its General Partner

 

By: /s/ George J. Carter

                        Name: George J. Carter

                        Title: President and Chief Executive

                        Officer

 
 

 

 

FSP PARK SENECA LIMITED PARTNERSHIP,
a Massachusetts limited partnership

 

By: FSP Holdings LLC, its General Partner

 

By: /s/ George J. Carter

                        Name: George J. Carter

                        Title: President

 

 

FSP ADDISON CIRCLE LIMITED PARTNERSHIP,
a Texas limited partnership

 

By: FSP Addison Circle LLC, its General Partner

 

 

By: /s/ George J. Carter

                        Name: George J. Carter

                        Title: President

 

 

FSP COLLINS CROSSING LIMITED PARTNERSHIP,
a Texas limited partnership

 

By: FSP Collins Crossing LLC, its General Partner

 

 

By: /s/ George J. Carter

                        Name: George J. Carter

                        Title: President

 

 

FSP ELDRIDGE GREEN LIMITED PARTNERSHIP,
a Texas limited partnership

 

By: FSP Eldridge Green LLC, its General Partner

 

 

By: /s/ George J. Carter

                        Name: George J. Carter

                        Title: President

 

 

FSP LIBERTY PLAZA LIMITED PARTNERSHIP,
a Texas limited partnership

 

By: FSP Holdings LLC, its General Partner

 

 

By: /s/ George J. Carter

                        Name: George J. Carter

                        Title: President

 
 

 

 

FSP PARK TEN LIMITED PARTNERSHIP,
a Texas limited partnership

 

By: FSP Park Ten LLC, its General Partner

 

 

By: /s/ George J. Carter

                        Name: George J. Carter

                        Title: President

 

 

FSP PARK TEN PHASE II LIMITED PARTNERSHIP,
a Texas limited partnership

 

By: FSP Park Ten Development LLC, its General Partner

 

 

By: /s/ George J. Carter

                        Name: George J. Carter

                        Title: President

 

 

FSP WILLOW BEND OFFICE CENTER LIMITED PARTNERSHIP, a Texas limited partnership

 

By: FSP WILLOW BEND OFFICE CENTER LLC, its General Partner

 

 

By: /s/ George J. Carter

                        Name: George J. Carter

                        Title: President

 

 

FSP dulles virginia LLC,
a Delaware limited liability company

 

 

By: /s/ George J. Carter

        Name: George J. Carter

        Title: President and Chief Executive

        Officer

 

 

FSP INNSBROOK CORP., a Delaware corporation

 

 

By: /s/ George J. Carter

        Name: George J. Carter

        Title: President

 
 

 

FSP 4807 STONECROFT BOULEVARD LLC, a Delaware limited liability company

 

 

By: /s/ George J. Carter

        Name: George J. Carter

        Title: President

 

FSP ADDISON CIRCLE CORP., a Delaware corporation

 

 

By: /s/ George J. Carter

        Name: George J. Carter

        Title: President

 

 

FSP ADDISON CIRCLE LLC, a Delaware limited liability company

 

 

By: /s/ George J. Carter

        Name: George J. Carter

        Title: President

 

 

FSP BLUE LAGOON DRIVE CORP., a Delaware corporation

 

 

By: /s/ George J. Carter

        Name: George J. Carter

        Title: President

 

 

FSP COLLINS CROSSING CORP., a Delaware corporation

 

 

By: /s/ George J. Carter

        Name: George J. Carter

        Title: President

 

 

FSP COLLINS CROSSING LLC, a Delaware limited liability company

 

 

By: /s/ George J. Carter

        Name: George J. Carter

        Title: President

 
 

 

FSP ELDRIDGE GREEN CORP., a Delaware corporation

 

 

By: /s/ George J. Carter

        Name: George J. Carter

        Title: President

 

 

FSP ELDRIDGE GREEN LLC, a Delaware limited liability company

 

 

By: /s/ George J. Carter

        Name: George J. Carter

        Title: President

 

 

FSP FOREST PARK IV LLC, a Delaware limited liability company

 

 

By: /s/ George J. Carter

        Name: George J. Carter

        Title: President and Chief Executive

        Officer

 

 

FSP PARK TEN DEVELOPMENT CORP., a Delaware corporation

 

 

By: /s/ George J. Carter

        Name: George J. Carter

        Title: President

 

 

FSP PARK TEN DEVELOPMENT LLC, a Delaware limited liability company

 

 

By: /s/ George J. Carter

        Name: George J. Carter

        Title: President

 

 

FSP PARK TEN LLC, a Delaware limited liability company

 

 

By: /s/ George J. Carter

        Name: George J. Carter

        Title: President

 
 

 

FSP WILLOW BEND OFFICE CENTER CORP., a Delaware corporation

 

 

By: /s/ George J. Carter

        Name: George J. Carter

        Title: President

 

 

FSP WILLOW BEND OFFICE CENTER LLC, a Delaware limited liability company

 

 

By: /s/ George J. Carter

        Name: George J. Carter

        Title: President

 

 

FSP LEGACY TENNYSON CENTER LLC, a Delaware limited liability company

 

 

By: /s/ George J. Carter

        Name: George J. Carter

        Title: President and Chief Executive Officer

 

 

FSP ONE LEGACY CIRCLE LLC, a Delaware limited liability company

 

 

By: /s/ George J. Carter

        Name: George J. Carter

        Title: President and Chief Executive Officer

 

 

FSP 4820 EMPEROR BOULEVARD LLC, a Delaware limited liability company

 

 

By: /s/ George J. Carter

        Name: George J. Carter

        Title: President and Chief Executive Officer

 
 

 

FSP EMPEROR BOULEVARD LIMITED PARTNERSHIP, a Delaware limited partnership

 

 

By: FSP 4820 Emperor Boulevard LLC, its General Partner

By: /s/ George J. Carter

        Name: George J. Carter

        Title: President and Chief Executive Officer

 
 

JOINDER OF COMERICA BANK

 

The undersigned Comerica Bank hereby acknowledges and agrees to the terms and conditions of the Credit Agreement and joins in the Credit Agreement as a Lender thereunder as of the Increase Effective Date, having all of the rights and obligations as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent of the Commitment and Applicable Percentage set forth on Schedule 2.01 (as amended from time to time) applicable to Comerica Bank, which rights and obligations of Comerica Bank under the facilities identified in the Credit Agreement include, without limitation, the Letters of Credit and the Swing Line Loans.

 

 

COMERICA BANK,


By: /s/ Charles Weddell      
Name: Charles Weddell
Title: Vice President

 

[Joinder to First Amendment]

 

 
 

SCHEDULE 1

BORROWER ENTITIES

  Name Jurisdiction of Organization
  Franklin Street Properties Corp. Maryland
  FSP 380 Interlocken Corp. Delaware
  FSP 390 Interlocken LLC Delaware
  FSP 4807 Stonecroft Boulevard LLC Delaware
  FSP Addison Circle Corp. Delaware
  FSP Addison Circle Limited Partnership Texas
  FSP Addison Circle LLC Delaware
  FSP Blue Lagoon Drive Corp. Delaware
  FSP Blue Lagoon Drive LLC Delaware
  FSP Bollman Place Limited Partnership Massachusetts
  FSP Collins Crossing Corp. Delaware
  FSP Collins Crossing Limited Partnership Texas
  FSP Collins Crossing LLC Delaware
  FSP Dulles Virginia LLC Delaware
  FSP East Baltimore Street LLC Delaware
  FSP Eden Bluff Corporate Center I LLC Delaware
  FSP Eldridge Green Corp. Delaware
  FSP Eldridge Green Limited Partnership Texas
  FSP Eldridge Green LLC Delaware
  FSP Forest Park IV LLC Delaware
  FSP Forest Park IV NC Limited Partnership North Carolina
  FSP Greenwood Plaza Corp. Delaware
  FSP Hillview Center Limited Partnership Massachusetts
  FSP Holdings LLC Delaware
  FSP Innsbrook Corp. Delaware
  FSP Investments LLC Massachusetts
  FSP Lakeside Crossing I LLC Delaware
  FSP Liberty Plaza Limited Partnership Texas

 

 
 

 

Name Jurisdiction of Organization
  FSP Northwest Point LLC Delaware
  FSP One Overton Park LLC Delaware
  FSP Park Seneca Limited Partnership Massachusetts
  FSP Park Ten Development Corp. Delaware
  FSP Park Ten Development LLC Delaware
  FSP Park Ten Limited Partnership Texas
  FSP Park Ten LLC Delaware
  FSP Park Ten Phase II  Limited Partnership Texas
  FSP Property Management LLC Massachusetts
  FSP Protective TRS Corp. Massachusetts
  FSP River Crossing LLC Delaware
  FSP Southfield Centre Limited Partnership Massachusetts
  FSP Willow Bend Office Center Corp. Delaware
  FSP Willow Bend Office Center LLC Delaware
  FSP Willow Bend Office Center Limited Partnership Texas
  FSP 121 South Eighth Street LLC Delaware
  FSP Legacy Tennyson Center LLC Delaware
  FSP One Legacy Circle LLC Delaware
  FSP 4820 Emperor Boulevard LLC Delaware
  FSP Emperor Boulevard Limited Partnership Delaware

 

 

 

 
 

SCHEDULE 2.01

COMMITMENTS
AND APPLICABLE PERCENTAGES

Lender Commitment   Applicable
Percentage
Bank of America, N.A. $100,000,000   16 ###-###-####%
RBS Citizens, National Association $100,000,000   16 ###-###-####%
Regions Bank $100,000,000   16 ###-###-####%
BBVA Compass $85,000,000   14 ###-###-####%
PNC Bank, National Association $55,000,000   9 ###-###-####%
U.S. Bank National Association $50,000,000   8 ###-###-####%
Capital One, N.A. $35,000,000   5 ###-###-####%
Branch Banking and Trust Company $25,000,000   4 ###-###-####%
Comerica Bank $25,000,000   4 ###-###-####%
TD Bank, N.A. $25,000,000   4 ###-###-####%
Total $600,000,000   100.000000000%

 

 
 

SCHEDULE 10.02

ADMINISTRATIVE AGENT’S OFFICE;
CERTAIN ADDRESSES FOR NOTICES

BORROWERS:

 

c/o Franklin Street Properties Corp.

 

401 Edgewater Place, Suite 200

Wakefield, Massachusetts ###-###-####

Attention: Chief Financial Officer

Telephone: (781) 557-1300 [(781) 557-1341]

Facsimile: (781) 246-2807

Electronic Mail: ***@***

 

With an electronic mail copy to: ***@***, ***@***, ***@***, ***@***

 

With a copy to: WilmerHale
  60 State Street
  Boston, Massachusetts  02109
  Attention:   Kenneth Hoxsie, Esq.
  Telephone: (617) 526-6681
  Telecopier: (617) 526-6000
  Electronic Mail:    ***@***

 

 

 

[Administrative Agent; L/C Issuer and Swing Line Lender addresses on following page(s)]

 

 
 

ADMINISTRATIVE AGENT:

Administrative Agent’s Office
(for payments and Requests for Borrowings):

Bank of America, N.A.
225 Franklin Street
MA1 225-02-04
Boston, MA 02110
Attn: Gerardine Hawe
Telephone: 617 ###-###-####
Telecopier : 617 ###-###-####
Electronic Mail: ***@***

 

And

 

Bank of America, N.A.
225 Franklin Street
MA1 225-02-04
Boston, MA 02110
Attn: Clare M. O’Connor
Telephone: 617 ###-###-####
Telecopier : 617 ###-###-####
Electronic Mail: clare.m.o&rsquo ***@***

 

ABA #0260-0959-3
GL#1366211723000
Account Name:  GA incoming Wire Account
Reference: Franklin Street Properties/ Obligor #656275
Attn: Gerardine Hawe/ William White

 

 
 

Other Notices as Administrative Agent:
Bank of America, N.A.
225 Franklin Street
MA1 225-02-04
Boston, MA 02110
Attn: Gerardine Hawe
Telephone: 617 ###-###-####
Telecopier : 617 ###-###-####
Electronic Mail: ***@***

 

And

 

Bank of America, N.A.
225 Franklin Street
MA1 225-02-04
Boston, MA 02110
Attn: Clare M. O’Connor
Telephone: 617 ###-###-####
Telecopier : 617 ###-###-####
Electronic Mail: clare.m.o&rsquo ***@***

 

With a copy to:   Goulston & Storrs, PC
    400 Atlantic Avenue
    Boston, Massachusetts  02110
    Attention:   James Lerner, Esq.
    Telephone: (617) 574-3525
    Telecopier: (617) 574-7607
    Electronic Mail:    ***@***

 

 
 

L/C ISSUER:

Bank of America, N.A.
225 Franklin Street
MA1 225-02-04
Boston, MA 02110
Attn: Gerardine Hawe
Telephone: 617 ###-###-####
Telecopier : 617 ###-###-####
Electronic Mail: ***@***

 

And

 

Bank of America, N.A.
225 Franklin Street
MA1 225-02-04
Boston, MA 02110
Attn: Clare M. O’Connor
Telephone: 617 ###-###-####
Telecopier : 617 ###-###-####
Electronic Mail: clare.m.o&rsquo ***@***

 

With a copy to:   Goulston & Storrs, PC
    400 Atlantic Avenue
    Boston, Massachusetts  02110
    Attention:   James Lerner, Esq.
    Telephone: (617) 574-3525
    Telecopier: (617) 574-7607
    Electronic Mail:    ***@***

 

 
 

SWING LINE LENDER:

Bank of America, N.A.
225 Franklin Street
MA1 225-02-04
Boston, MA 02110
Attn: Gerardine Hawe
Telephone: 617 ###-###-####
Telecopier : 617 ###-###-####
Electronic Mail: ***@***

 

And

 

Bank of America, N.A.
225 Franklin Street
MA1 225-02-04
Boston, MA 02110
Attn: Clare M. O’Connor
Telephone: 617 ###-###-####
Telecopier : 617 ###-###-####
Electronic Mail: clare.m.o&rsquo ***@***

 

ABA #0260-0959-3
GL#1366211723000
Account Name:  GA incoming Wire Account
Reference: Franklin Street Properties/ Obligor #656275
Attn: Gerardine Hawe/ William White

 

With a copy to:   Goulston & Storrs, PC
    400 Atlantic Avenue
    Boston, Massachusetts  02110
    Attention:   James Lerner, Esq.
    Telephone: (617) 574-3525
    Telecopier: (617) 574-7607
    Electronic Mail:    ***@***

 

 

 
 

LENDERS:

 

Bank of America, N.A.
225 Franklin Street
MA1 225-02-04
Boston, MA 02110
Attn: Gerardine Hawe
Telephone: 617 ###-###-####
Telecopier : 617 ###-###-####
Electronic Mail: ***@***

 

And

 

Bank of America, N.A.
225 Franklin Street
MA1 225-02-04
Boston, MA 02110
Attn: Clare M. O’Connor
Telephone: 617 ###-###-####
Telecopier : 617 ###-###-####
Electronic Mail: clare.m.o&rsquo ***@***

 

With a copy to:   Goulston & Storrs, PC
    400 Atlantic Avenue
    Boston, Massachusetts  02110
    Attention:   James Lerner, Esq.
    Telephone: (617) 574-3525
    Telecopier: (617) 574-7607
    Electronic Mail:    ***@***

 

RBS Citizens, National Association
28 State Street
Boston, MA 02108
Attn: Lisa Greeley
Telephone: 617 ###-###-####
Telecopier : 617 ###-###-####
Electronic Mail: ***@***

 

BBVA Compass
8080 N. Central Expy, Ste. 310
Dallas, Texas 75206
Attn: Kathryn Dearmond
Telephone: 214 ###-###-####
Telecopier: 214 ###-###-####
Electronic Mail: ***@***

 

 
 

PNC Bank, National Association
1600 Market Street, 30th Floor
Philadelphia, Pennsylvania 19103
Attn: Andrew D. Coler
Telephone: 215 ###-###-####
Telecopier: 215 ###-###-####
Electronic Mail: ***@***

Regions Bank
3050 Peachtree Road NW, Suite 400
Atlanta, Georgia 30305
Attn: Paul E. Burgan
Telephone: 404 ###-###-####
Telecopier: 404 ###-###-####
Electronic Mail: ***@***

 

U.S. Bank National Association
EX-MA-P29
One Post Office Square, 29th Floor
Boston, Massachusetts 02109
Attn: David W. Heller/ Alex Geer
Telephone: 617 ###-###-####
Telephone: 617 ###-###-####
Telecopier: 617 ###-###-####
Electronic Mail: ***@***
Electronic Mail: ***@***

 

Capital One, N.A.
Ten Post Office Square, 11th Floor
Boston, Massachusetts 02109
Attn: Filomena Cerqueira
Telephone: 617 ###-###-####
Telecopier: 617 ###-###-####
Electronic Mail: ***@***

 

Branch Banking and Trust Company
200 W. Second Street, 16th Floor
Winston Salem, North Carolina 27101
Attn: Ahaz Armstrong
Telephone: 336 ###-###-####
Telecopier: 336 ###-###-####
Electronic Mail: ***@***

 

 
 

 

TD Bank, N.A.
370 Main Street
Worcester, Massachusetts 01608
Attn: Adam Whitehouse
Telephone: 508 ###-###-####
Telecopier : 508 ###-###-####
Electronic Mail: ***@***

 

Comerica Bank

3551 Hamlin Rd. MC2390

Auburn Hills, MI 48326

Attn: Charles Weddell

Telephone: 248 ###-###-####

Telecopier: 248 ###-###-####

Electronic Mail: ***@***