U.S. BANK NATIONAL ASSOCIATION
and
WELLS FARGO BANK, NATIONAL ASSOCIATION,
CITICORP NORTH AMERICA,
LASALLE BANK NATIONAL ASSOCIATION,
MIZUHO CORPORATE BANK LTD., NEW YORK BRANCH,
PNC BANK, NATIONAL ASSOCIATION
REGIONS BANK
and
THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,
THE FINANCIAL INSTITUTIONS INITIALLY SIGNATORY HERETO
AND THEIR ASSIGNEES PURSUANT TO SECTION 12.5.,
Article I. Definitions | 1 | |||
Section 1.1. Definitions | 1 | |||
Section 1.2. General; References to Times | 24 | |||
Article II. Credit Facility | 25 | |||
Section 2.1. Revolving Loans | 25 | |||
Section 2.2. Bid Rate Loans | 26 | |||
Section 2.3. Swingline Loans | 30 | |||
Section 2.4. Letters of Credit | 32 | |||
Section 2.5. Rates and Payment of Interest on Loans | 36 | |||
Section 2.6. Number of Interest Periods | 37 | |||
Section 2.7. Repayment of Loans | 37 | |||
Section 2.8. Prepayments | 37 | |||
Section 2.9. Continuation | 38 | |||
Section 2.10. Conversion | 38 | |||
Section 2.11. Notes | 38 | |||
Section 2.12. Voluntary Reductions of the Commitment | 39 | |||
Section 2.13. Expiration or Maturity Date of Letters of Credit Past Termination Date | 39 | |||
Section 2.14. Amount Limitations | 39 | |||
Section 2.15. Increase of Commitments | 40 | |||
Article III. Payments, Fees and Other General Provisions | 41 | |||
Section 3.1. Payments | 41 | |||
Section 3.2. Pro Rata Treatment | 41 | |||
Section 3.3. Sharing of Payments, Etc | 42 | |||
Section 3.4. Several Obligations | 42 | |||
Section 3.5. Minimum Amounts | 43 | |||
Section 3.6. Fees | 43 | |||
Section 3.7. Computations | 44 | |||
Section 3.8. Usury | 44 | |||
Section 3.9. Agreement Regarding Interest and Charges | 44 | |||
Section 3.10. Statements of Account | 44 | |||
Section 3.11. Defaulting Lenders | 45 | |||
Section 3.12. Taxes | 46 | |||
Article IV. Yield Protection, Etc | 48 | |||
Section 4.1. Additional Costs; Capital Adequacy | 48 | |||
Section 4.2. Suspension of LIBOR Loans | 49 | |||
Section 4.3. Illegality | 49 | |||
Section 4.4. Compensation | 50 | |||
Section 4.5. Affected Lenders | 50 | |||
Section 4.6. Treatment of Affected Loans | 51 | |||
Section 4.7. Change of Lending Office | 51 |
- i -
Section 4.8. Assumptions Concerning Funding of LIBOR Loans | 52 | |||
Article V. Conditions Precedent | 52 | |||
Section 5.1. Initial Conditions Precedent | 52 | |||
Section 5.2. Conditions Precedent to All Loans and Letters of Credit | 54 | |||
Section 5.3. Conditions as Covenants | 55 | |||
Article VI. Representations and Warranties | 55 | |||
Section 6.1. Representations and Warranties | 55 | |||
Section 6.2. Survival of Representations and Warranties, Etc | 61 | |||
Article VII. Affirmative Covenants | 61 | |||
Section 7.1. Preservation of Existence and Similar Matters | 61 | |||
Section 7.2. Compliance with Applicable Law and Material Contracts | 62 | |||
Section 7.3. Maintenance of Property | 62 | |||
Section 7.4. Conduct of Business | 62 | |||
Section 7.5. Insurance | 62 | |||
Section 7.6. Payment of Taxes and Claims | 62 | |||
Section 7.7. Visits and Inspections | 63 | |||
Section 7.8. Use of Proceeds; Letters of Credit | 63 | |||
Section 7.9. Environmental Matters | 63 | |||
Section 7.10. Books and Records | 64 | |||
Section 7.11. Further Assurances | 64 | |||
Section 7.12. New Subsidiaries/Guarantors | 64 | |||
Section 7.13. REIT Status | 65 | |||
Section 7.14. Exchange Listing | 65 | |||
Article VIII. Information | 65 | |||
Section 8.1. Quarterly Financial Statements | 65 | |||
Section 8.2. Year-End Statements | 65 | |||
Section 8.3. Compliance Certificate | 66 | |||
Section 8.4. Other Information | 66 | |||
Section 8.5. Electronic Delivery of Certain Information | 68 | |||
Section 8.6. Public/Private Information | 69 | |||
Article IX. Negative Covenants | 70 | |||
Section 9.1. Financial Covenants | 70 | |||
Section 9.2. Restricted Payments | 70 | |||
Section 9.3. Debt | 71 | |||
Section 9.4. Certain Permitted Investments | 71 | |||
Section 9.5. Investments Generally | 71 | |||
Section 9.6. Liens; Negative Pledges; Other Matters | 72 | |||
Section 9.7. Merger, Consolidation, Sales of Assets and Other Arrangements | 73 | |||
Section 9.8. Fiscal Year | 74 | |||
Section 9.9. Modifications to Material Contracts | 74 | |||
Section 9.10. Modifications of Organizational Documents | 74 |
- ii -
Section 9.11. Transactions with Affiliates | 74 | |||
Section 9.12. ERISA Exemptions | 74 | |||
Article X. Default | 74 | |||
Section 10.1. Events of Default | 74 | |||
Section 10.2. Remedies Upon Event of Default | 77 | |||
Section 10.3. Remedies Upon Default | 78 | |||
Section 10.4. Allocation of Proceeds | 78 | |||
Section 10.5. Collateral Account | 79 | |||
Section 10.6. Performance by Agent | 80 | |||
Section 10.7. Rights Cumulative | 80 | |||
Article XI. The Agent | 81 | |||
Section 11.1. Authorization and Action. ` | 81 | |||
Section 11.2. Agent’s Reliance, Etc | 81 | |||
Section 11.3. Notice of Defaults | 82 | |||
Section 11.4. Wachovia as Lender | 82 | |||
Section 11.5. Approvals of Lenders | 83 | |||
Section 11.6. Lender Credit Decision, Etc | 83 | |||
Section 11.7. Indemnification of Agent and Arrangers | 84 | |||
Section 11.8. Successor Agent | 85 | |||
Section 11.9. Titled Agents | 85 | |||
Article XII. Miscellaneous | 86 | |||
Section 12.1. Notices | 86 | |||
Section 12.2. Expenses | 87 | |||
Section 12.3. Setoff | 87 | |||
Section 12.4. Litigation; Jurisdiction; Other Matters; Waivers | 88 | |||
Section 12.5. Successors and Assigns | 89 | |||
Section 12.6. Amendments | 92 | |||
Section 12.7. Nonliability of Agent and Lenders | 93 | |||
Section 12.8. Confidentiality | 93 | |||
Section 12.9. Indemnification | 94 | |||
Section 12.10. Termination; Survival | 96 | |||
Section 12.11. Severability of Provisions | 97 | |||
Section 12.12. GOVERNING LAW | 97 | |||
Section 12.13. Counterparts | 97 | |||
Section 12.14. Obligations with Respect to Loan Parties | 97 | |||
Section 12.15. Limitation of Liability | 97 | |||
Section 12.16. Entire Agreement | 98 | |||
Section 12.17. Construction | 98 | |||
Section 12.18. Patriot Act | 98 | |||
Section 12.19. NO NOVATION | 98 |
SCHEDULE I | Commitments | |
SCHEDULE 1.1(A) | List of Loan Parties |
- iii -
SCHEDULE 5.3. | Post Agreement Date Deliveries | |
SCHEDULE 6.1.(b) | Ownership Structure | |
SCHEDULE 6.1.(f) | Title to Properties; Liens | |
SCHEDULE 6.1.(g) | Debt and Guaranties | |
SCHEDULE 6.1.(i) | Litigation | |
SCHEDULE 6.1.(y) | Unencumbered Assets | |
EXHIBIT A | Form of Assignment and Acceptance Agreement | |
EXHIBIT B | Form of Designation Agreement | |
EXHIBIT C | Form of Notice of Borrowing | |
EXHIBIT D | Form of Notice of Continuation | |
EXHIBIT E | Form of Notice of Conversion | |
EXHIBIT F | Form of Notice of Swingline Borrowing | |
EXHIBIT G | Form of Swingline Note | |
EXHIBIT H | Form of Bid Rate Quote Request | |
EXHIBIT I | Form of Bid Rate Quote | |
EXHIBIT J | Form of Bid Rate Quote Acceptance | |
EXHIBIT K | Form of Revolving Note | |
EXHIBIT L | Form of Bid Rate Note | |
EXHIBIT M | Form of Opinion of Counsel | |
EXHIBIT N | Form of Compliance Certificate | |
EXHIBIT O | Form of Guaranty |
- iv -
- 2 -
Borrower’s Credit Rating | Applicable Margin | Applicable Margin | ||||||||||
Level | (S&P/Moody’s) | for LIBOR Loans | for Base Rate Loans | |||||||||
1 | A-/A3 | 0.325 | % | 0.0 | % | |||||||
2 | BBB+/Baa1 | 0.375 | % | 0.0 | % | |||||||
3 | BBB/Baa2 | 0.475 | % | 0.0 | % | |||||||
4 | BBB-/Baa3 | 0.750 | % | 0.0 | % | |||||||
5 | < BBB-/Baa3 | 1.050 | % | 0.25 | % |
- 3 -
- 4 -
- 5 -
- 6 -
- 7 -
- 8 -
- 9 -
- 10 -
Borrower’s Credit Rating | ||||||||
Level | (S&P/Moody’s) | Facility Fee | ||||||
1 | A-/A3 | 0.10 | % | |||||
2 | BBB+/Baa1 | 0.125 | % | |||||
3 | BBB/Baa2 | 0.15 | % | |||||
4 | BBB-/Baa3 | 0.175 | % | |||||
5 | < BBB-/Baa3 | 0.20 | % |
- 11 -
- 12 -
- 13 -
- 14 -
- 15 -
- 16 -
- 17 -
- 18 -
- 19 -
- 20 -
- 21 -
- 22 -
- 23 -
- 24 -
- 25 -
- 26 -
- 27 -
- 28 -
- 29 -
- 30 -
- 31 -
- 32 -
- 33 -
- 34 -
- 35 -
- 36 -
- 37 -
- 38 -
- 39 -
- 40 -
- 41 -
- 42 -
- 43 -
- 44 -
- 45 -
- 46 -
- 47 -
- 48 -
- 49 -
- 50 -
- 51 -
- 52 -
- 53 -
- 54 -
- 55 -
- 56 -
- 57 -
- 58 -
- 59 -
- 60 -
- 61 -
- 62 -
- 63 -
- 64 -
- 65 -
- 66 -
- 67 -
- 68 -
- 69 -
- 70 -
- 71 -
- 72 -
- 73 -
- 74 -
- 75 -
- 76 -
- 77 -
- 78 -
- 79 -
- 80 -
- 81 -
- 82 -
- 83 -
- 84 -
- 85 -
1745 Shea Center Drive, Suite 200
Highlands Ranch, Colorado 80129
Attn: Treasurer
Telephone: (720) 283-6142
Telecopy: (720) 283-2453
5200 Republic Plaza
370 Seventeenth Street
Denver, Colorado 80202
Attn: Warren L. Troupe, Esq.
David G. Thatcher, Esq.
Telephone: (303) 592-1500
Telecopy: (303) 592-1510
Wachovia Capital Markets, LLC
301 South College Street
16th Floor
Charlotte, NC 28288-0172
Attention: Amit Khimji
Telecopy Number: (704) 383-6205
Telephone Number: (704) 715-1347
Administrative Details Form;
- 86 -
- 87 -
- 88 -
- 89 -
- 90 -
- 91 -
- 92 -
- 93 -
- 94 -
- 95 -
- 96 -
- 97 -
- 98 -
UDR, INC., a Maryland corporation | ||||
By: | /s/ W. Mark Wallis | |||
Name: | W. Mark Wallis | |||
Title: | Senior Executive Vice President | |||
WACHOVIA BANK, NATIONAL ASSOCIATION, as Agent, as a Lender and as Swingline Lender | ||||
By: | /s/ Cathy Casey | |||
Name: | Cathy Casey | |||
Title: | Managing Director | |||
JPMORGAN CHASE BANK, N.A. | ||||
By: | /s/ Marc E. Constantino | |||
Name: | Marc E. Constantino | |||
Title: | Executive Director | |||
SUNTRUST BANK | ||||
By: | /s/ Nancy B. Richards | |||
Name: | Nancy B. Richards | |||
Title: | Senior Vice President | |||
U.S. BANK NATIONAL ASSOCIATION | ||||
By: | /s/ Sandra Sauer | |||
Name: | Sandra Sauer | |||
Title: | Vice President | |||
WELLS FARGO BANK, NATIONAL ASSOCIATION | ||||
By: | /s/ J. Derek Evans | |||
Name: | J. Derek Evans | |||
Title: | VP | |||
BANK OF AMERICA, N.A. | ||||
By: | /s/ Helen W. Chan | |||
Name: | Helen W. Chan | |||
Title: | Assistant Vice President | |||
CITICORP NORTH AMERICA | ||||
By: | /s/ Ricardo James | |||
Name: | Ricardo James | |||
Title: | Director | |||
LASALLE BANK NATIONAL ASSOCIATION | ||||
By: | /s/ Brad Feine | |||
Name: | Brad Feine | |||
Title: | Vice President | |||
MIZUHO CORPORATE BANK, LTD., NEW YORK BRANCH | ||||
By: | /s/ Makoto Murata | |||
Name: | Makoto Murata | |||
Title: | Deputy General Manager | |||
PNC BANK, NATIONAL ASSOCIATION | ||||
By: | /s/ James A. Harmann | |||
Name: | James A. Harmann | |||
Title: | Vice President | |||
REGIONS BANK | ||||
By: | /s/ Lori A. Chambers | |||
Name: | Lori A. Chambers | |||
Title: | Vice President | |||
THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. | ||||
By: | /s/ James T. Taylor | |||
Name: | James T. Taylor | |||
Title: | Vice President | |||
BANK OF CHINA, NEW YORK BRANCH | ||||
By: | /s/ Richard Bradspies | |||
Name: | Richard Bradspies | |||
Title: | Deputy General Manager | |||
CHEVY CHASE BANK, F.S.B. | ||||
By: | /s/ Carlos L. Heard | |||
Name: | Carlos L. Heard | |||
Title: | Vice President | |||
COMERCIA BANK | ||||
By: | /s/ Leslie A. Vogel | |||
Name: | Leslie A. Vogel | |||
Title: | Vice President | |||
MORGAN STANLEY BANK | ||||
By: | /s/ Daniel Twenge | |||
Name: | Daniel Twenge | |||
Title: | Authorized Signatory | |||
UNION BANK OF CALIFORNIA, N.A. | ||||
By: | /s/ Lawrence Andow | |||
Name: | Lawrence Andow | |||
Title: | Vice President | |||
Lender | Revolving Commitment | |||
Wachovia Bank, National Association | $ | 50,000,000 | ||
JPMorgan Chase Bank, N.A. | $ | 50,000,000 | ||
SunTrust Bank | $ | 50,000,000 | ||
U.S. Bank National Association | $ | 50,000,000 | ||
Wells Fargo Bank, National Association | $ | 50,000,000 | ||
Bank of America, N.A. | $ | 35,000,000 | ||
Citicorp North America | $ | 35,000,000 | ||
LaSalle Bank National Association | $ | 35,000,000 | ||
Mizuho Corporate Bank Ltd., New York Branch | $ | 35,000,000 | ||
PNC Bank, National Association | $ | 35,000,000 | ||
Regions Bank | $ | 35,000,000 | ||
The Bank of Tokyo-Mitsubishi UFJ, Ltd. | $ | 35,000,000 | ||
Bank of China, New York Branch | $ | 25,000,000 | ||
Chevy Chase Bank, F.S.B. | $ | 20,000,000 | ||
Comerica Bank | $ | 20,000,000 | ||
Morgan Stanley Bank | $ | 20,000,000 | ||
Union Bank of California, N.A. | $ | 20,000,000 | ||
TOTAL | $ | 600,000,000 |
A-1
A-2
A-3
Notice Address: | ||||||||
Telephone No.: | ||||||||
Telecopy No.: | ||||||||
Lending Office: | ||||||||
Telephone No.: | ||||||||
Telecopy No.: | ||||||||
A-4
A-5
ASSIGNOR: | ||||||||
[NAME OF ASSIGNOR] | ||||||||
By: | ||||||||
Name: | ||||||||
Title: | ||||||||
ASSIGNEE: | ||||||||
[NAME OF ASSIGNEE] | ||||||||
By: | ||||||||
Name: | ||||||||
Title: | ||||||||
if required under Section 12.5.(d) of
the Credit Agreement]
hereof of the date first written above.
By: | ||||||
Name: | ||||||
Title: | ||||||
A-6
By: | ||||||
Name: | ||||||
Title: | ||||||
A-7
B-1
B-2
B-3
B-4
EFFECTIVE DATE: | ||||||||
DESIGNATED LENDER: | ||||||||
[NAME OF DESIGNATED LENDER] | ||||||||
By: | ||||||||
Name: | ||||||||
Title: | ||||||||
DESIGNATED LENDER: | ||||||||
[NAME OF DESIGNATED LENDER] | ||||||||
By: | ||||||||
Name: | ||||||||
Title: | ||||||||
By: | ||||||
Name: | ||||||
Title: | ||||||
B-5
One Wachovia Center,
301 South College Street, 16th Floor
Charlotte, North Carolina 28288-0166
Attention: Amit Khimji
1. | Pursuant to Section 2.1.(b) of the Credit Agreement, the Borrower hereby requests that the Lenders make Revolving Loans to the Borrower in an aggregate principal amount equal to $ . | |
2. | The Borrower requests that such Revolving Loans be made available to the Borrower on , 200_. | |
3. | The Borrower hereby requests that the requested Revolving Loans all be of the following Type: | |
[Check one box only] |
o LIBOR Loans, each with an initial Interest Period for a duration of:
[Check one box only] | o 7 days | |||
o 14 days | ||||
o 30 days | ||||
o 60 days | ||||
o 90 days | ||||
o 120 days | ||||
o 180 days |
C-1
4. | The proceeds of this borrowing of Revolving Loans will be used for the following purpose: . | ||
5. | The Borrower requests that the proceeds of this borrowing of Revolving Loans be made available to the Borrower by . |
UDR, INC. | ||||||||
By: | ||||||||
Name: | ||||||||
Title: | ||||||||
C-2
One Wachovia Center,
301 South College Street, 16th Floor
Charlotte, North Carolina 28288-0166
Attention: Amit Khimji
1. | The proposed date of such Continuation is , ___. | ||
2. | The aggregate principal amount of Loans subject to the requested Continuation is $ and was originally borrowed by the Borrower on , 200_. | ||
3. | The portion of such principal amount subject to such Continuation is $ . | ||
4. | The current Interest Period for each of the Loans subject to such Continuation ends on , 200_. | ||
5. | The duration of the new Interest Period for each of such Loans or portion thereof subject to such Continuation is: |
D-1
[Check one box only] | o 7 days | |||
o 14 days | ||||
o 30 days | ||||
o 60 days | ||||
o 90 days | ||||
o 120 days | ||||
o 180 days |
UDR, INC. | ||||||||
By: | ||||||||
Name: | ||||||||
Title: | ||||||||
D-2
One Wachovia Center,
301 South College Street, 16th Floor
Charlotte, North Carolina 28288-0166
Attention: Amit Khimji
1. | The proposed date of such Conversion is , 200_. | |
2. | The Loans to be Converted pursuant hereto arecurrently: |
[Check one box only] | o Base Rate Loans | |||
o LIBOR Loans |
3. | The aggregate principal amount of Loans subject to the requested Conversion is $ and was originally borrowed by the Borrower on , 200_. | ||
4. | The portion of such principal amount subject to such Conversion is $ . |
E-1
5. | The amount of such Loans to be so Converted is to be converted into Loans of the following Type: | ||
[Check one box only] |
o LIBOR Loans, each with an initial Interest Period for a duration of:
[Check one box only] | o 7 days | |||
o 14 days | ||||
o 30 days | ||||
o 60 days | ||||
o 90 days | ||||
o 120 days | ||||
o 180 days |
UDR, INC. | ||||||||
By: | ||||||||
Name: | ||||||||
Title: | ||||||||
E-2
One Wachovia Center,
301 South College Street, 16th Floor
Charlotte, North Carolina 28288-0166
Attention: Amit Khimji
1. | Pursuant to Section 2.3.(b) of the Credit Agreement, the Borrower hereby requests that the Swingline Lender make a Swingline Loan to the Borrower in an amount equal to $ . | ||
2. | The Borrower requests that such Swingline Loan be made available to the Borrower on , 200_. | ||
3. | The proceeds of this Swingline Loan will be used for the following purpose: . | ||
4. | The Borrower requests that the proceeds of such Swingline Loan be made available to the Borrower by . |
F-1
UDR, INC. | ||||||||
By: | ||||||||
Name: | ||||||||
Title: | ||||||||
F-2
$50,000,000.00 | July ___, 2007 |
G-1
UDR, INC. | ||||||||
By: | ||||||||
Name: | ||||||||
Title: | ||||||||
G-2
Principal | Unpaid | |||||||||||||||
Amount of | Amount Paid | Principal | Notation | |||||||||||||
Date of Loan | Loan | or Prepaid | Amount | Made By | ||||||||||||
G-3
One Wachovia Center,
301 South College Street, 16th Floor
Charlotte, North Carolina 28288-0166
Attention: Amit Khimji
1. | The Borrower hereby requests Bid Rate Quotes for the following proposed Bid Rate Borrowings: |
Borrowing Date | Amount1 | Type2 | Interest Period3 | |||||||||
, ______ | $ | ______ days |
2. | Borrower’s Credit Rating, as applicable, as of the date hereof is: |
S&P | ___ | |||
Moody’s | ___ |
1 | Minimum amount of $2,000,000 or larger multiple of $500,000. | |
2 | Insert either Absolute Rate (for Absolute Rate Loan) or LIBOR Margin (for LIBOR Margin Loan). | |
3 | No less than 7 days and up to 180 days (or up to 30 days pursuant to Section 2.15) after the borrowing date and must end on a Business Day. |
H-1
3. | The proceeds of this Bid Rate Borrowing will be used for the following purpose: | ||
. | |||
4. | After giving effect to the Bid Rate Borrowing requested herein, the total amount of Bid Rate Loans outstanding shall be $ .4 |
UDR, INC. | ||||||||
By: | ||||||||
Name: | ||||||||
Title: | ||||||||
4 | Must not be in excess of one-half of the aggregate amount of all existing Commitments; provided, however, pursuant to Section 2.15, not more than once during any calendar quarter, the Borrower may elect that the foregoing limitation not apply to a single Bid Rate Borrowing comprised of Bid Rate Loans having Interest Periods not exceeding 30 days in duration. |
H-2
One Wachovia Center,
301 South College Street, 16th Floor
Charlotte, North Carolina 28288-0166
Attention: Amit Khimji
1. | Quoting Lender: | ||
2. | Person to contact at quoting Lender: | ||
3. | The undersigned offers to make Bid Rate Loan(s) in the following principal amount(s), for the following Interest Period(s) and at the following Bid Rate(s): |
Borrowing Date | Amount1 | Type2 | Interest Period3 | Bid Rate | ||||||||||||
, 200__ | $ | ______days | — | % | ||||||||||||
, 200__ | $ | ______days | — | % | ||||||||||||
, 200__ | $ | ______days | — | % |
1 | Minimum amount of $1,000,000 or integral multiples of $500,000. | |
2 | Insert either Absolute Rate (for Absolute Rate Loan) or LIBOR Margin (for LIBOR Margin Loan). | |
3 | No less than 7 days and up to 180 days (or up to 30 days pursuant to Section 2.15) after the borrowing date and must end on a Business Day. |
I-1
[Name of Quoting Lender] | ||||||||
By: | ||||||||
Name: | ||||||||
Title: | ||||||||
I-2
One Wachovia Center,
301 South College Street, 16th Floor
Charlotte, North Carolina 28288-0166
Attention: Amit Khimji
Quote Date | Quoting Lender | Amount Accepted | ||||||
, 200_ | $ | |||||||
, 200_ | $ | |||||||
, 200_ | $ |
J-1
UDR, INC. | ||||||||
By: | ||||||||
Name: | ||||||||
Title: | ||||||||
J-2
$ | , 200_ | |
K-1
UDR, INC. | ||||||||
By: | ||||||||
Name: | ||||||||
Title: | ||||||||
K-2
Principal | Amount | Unpaid | ||||||
Date of | Amount of | Paid or | Principal | Notation | ||||
Loan | Loan | Prepaid | Amount | Made By | ||||
K-3
L-1
UDR, INC. | ||||||||
By: | ||||||||
Name: | ||||||||
Title: | ||||||||
L-2
Principal | Maturity | Amount | Unpaid | |||||||||
Date of | Amount of | Interest | Date of | Paid or | Principal | Notation | ||||||
Loan | Loan | Rate | Loan | Prepaid | Amount | Made By | ||||||
L-3
M-1
One Wachovia Center,
301 South College Street, 16th Floor
Charlotte, North Carolina 28288-0166
Attention: Amit Khimji
N-1
Name: | ||||||
Title: | ||||||
N-2
N-3
O-1
O-2
O-3
O-4
O-5
O-6
O-7
O-8
O-9
O-10
[GUARANTORS] | ||||||
By: | ||||||
Name: | ||||||
Title: | ||||||
Address for Notices: | ||||||
c/o UDR, Inc. | ||||||
1745 Shea Center Drive, Suite 200 | ||||||
Highlands Ranch, Colorado 80129 | ||||||
Attention: Treasurer | ||||||
Telecopy Number: (720) 283-6142 | ||||||
Telephone Number: (720) 283-2453 |
O-11
O-12
O-13
[NEW GUARANTOR] | ||||||||
By: | ||||||||
Name: | ||||||||
Title: | ||||||||
Address for Notices: | ||||||||
c/o UDR, Inc. | ||||||||
1745 Shea Center Drive, Suite 200 | ||||||||
Highlands Ranch, Colorado 80129 | ||||||||
Attention: Treasurer | ||||||||
Telecopy Number: (720) 283-6142 | ||||||||
Telephone Number: (720) 283-2453 |
Accepted: | ||||||
WACHOVIA BANK, NATIONAL ASSOCIATION, as Agent | ||||||
By: | ||||||
Name: | ||||||
Title: | ||||||
O-14