dated as of July 13, 2011
as Administrative Agent,
as Syndication Agent,
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, AND
WELLS FARGO SECURITIES, LLC,
as Joint Lead Arrangers and Joint Book Runners,
U.S. BANK NATIONAL ASSOCIATION, and
WELLS FARGO BANK, NATIONAL ASSOCIATION,
as Documentation Agents
DEUTSCHE BANK SECURITIES INC., and
MORGAN STANLEY SENIOR FUNDING, INC.,
as Co-Documentation Agents
Page | ||||
ARTICLE I | ||||
DEFINITIONS | ||||
Section 1.1 Definitions | 1 | |||
Section 1.2 Accounting Terms and Determinations | 30 | |||
Section 1.3 Types of Borrowings | 30 | |||
ARTICLE II | ||||
THE CREDITS | ||||
Section 2.1 Commitments to Lend | 30 | |||
Section 2.2 Notice of Borrowing | 32 | |||
Section 2.3 Money Market Borrowings | 33 | |||
Section 2.4 Notice to Banks; Funding of Loans | 38 | |||
Section 2.5 Notes | 39 | |||
Section 2.6 Method of Electing Interest Rates | 40 | |||
Section 2.7 Interest Rates | 42 | |||
Section 2.8 Fees | 43 | |||
Section 2.9 Maturity Date | 44 | |||
Section 2.10 Intentionally Omitted | 45 | |||
Section 2.11 Optional Prepayments and Optional Decreases and Termination | 45 | |||
Section 2.12 General Provisions as to Payments | 46 | |||
Section 2.13 Funding Losses | 48 | |||
Section 2.14 Computation of Interest and Fees | 48 | |||
Section 2.15 Use of Proceeds | 48 | |||
Section 2.16 Letters of Credit | 48 | |||
Section 2.17 Letter of Credit Usage Absolute | 51 | |||
Section 2.18 Swingline Loan Subfacility | 52 | |||
Section 2.19 Letters of Credit Maturing after the Maturity Date | 54 | |||
Section 2.20 Special Provisions Regarding Alternate Currency Loans | 55 | |||
Section 2.21 Qualified Borrowers | 57 | |||
Section 2.22 Mandatory Prepayments | 58 | |||
ARTICLE III | ||||
CONDITIONS | ||||
Section 3.1 Closing | 59 | |||
Section 3.2 Borrowings | 60 |
i
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ARTICLE IV | |||||||
REPRESENTATIONS AND WARRANTIES | |||||||
Section 4.1 Existence and Power | 62 | ||||||
Section 4.2 Power and Authority | 62 | ||||||
Section 4.3 No Violation | 62 | ||||||
Section 4.4 Financial Information | 63 | ||||||
Section 4.5 Litigation | 64 | ||||||
Section 4.6 Compliance with ERISA | 64 | ||||||
Section 4.7 Environmental Matters | 64 | ||||||
Section 4.8 Taxes | 64 | ||||||
Section 4.9 Full Disclosure | 65 | ||||||
Section 4.10 Solvency | 65 | ||||||
Section 4.11 Use of Proceeds; Margin Regulations | 65 | ||||||
Section 4.12 Governmental Approvals | 65 | ||||||
Section 4.13 Investment Company Act | 65 | ||||||
Section 4.14 Principal Offices | 65 | ||||||
Section 4.15 REIT Status | 65 | ||||||
Section 4.16 No Default | 65 | ||||||
Section 4.17 Compliance With Law | 66 | ||||||
Section 4.18 Organizational Documents | 66 | ||||||
Section 4.19 Qualifying Unencumbered Properties | 66 | ||||||
ARTICLE V | |||||||
AFFIRMATIVE AND NEGATIVE COVENANTS | |||||||
Section 5.1 Information | 66 | ||||||
Section 5.2 Payment of Obligations | 69 | ||||||
Section 5.3 Maintenance of Property; Insurance; Leases | 69 | ||||||
Section 5.4 Conduct of Business and Maintenance of Existence | 69 | ||||||
Section 5.5 Compliance with Laws | 70 | ||||||
Section 5.6 Inspection of Property, Books and Records | 70 | ||||||
Section 5.7 Intentionally Omitted | 70 | ||||||
Section 5.8 Financial Covenants | 70 | ||||||
Section 5.9 Restriction on Fundamental Changes | 71 | ||||||
Section 5.10 Changes in Business | 71 | ||||||
Section 5.11 Margin Stock | 72 | ||||||
Section 5.12 Intentionally Omitted | 72 | ||||||
Section 5.13 EQR Status | 72 |
ii
Page | |||||||
ARTICLE VI | |||||||
DEFAULTS | |||||||
Section 6.1 Events of Default | 72 | ||||||
Section 6.2 Rights and Remedies | 75 | ||||||
Section 6.3 Notice of Default | 75 | ||||||
Section 6.4 Actions in Respect of Letters of Credit | 76 | ||||||
Section 6.5 Distribution of Proceeds after Default | 78 | ||||||
ARTICLE VII | |||||||
THE AGENTS | |||||||
Section 7.1 Appointment and Authorization | 78 | ||||||
Section 7.2 Agency and Affiliates | 78 | ||||||
Section 7.3 Action by Administrative Agent | 78 | ||||||
Section 7.4 Consultation with Experts | 78 | ||||||
Section 7.5 Liability of Administrative Agent, Syndication Agent, Documentation Agents | 79 | ||||||
Section 7.6 Indemnification | 79 | ||||||
Section 7.7 Credit Decision | 80 | ||||||
Section 7.8 Successor Administrative Agent or Syndication Agent | 80 | ||||||
Section 7.9 Consents and Approvals | 81 | ||||||
ARTICLE VIII | |||||||
CHANGE IN CIRCUMSTANCES | |||||||
Section 8.1 Basis for Determining Interest Rate Inadequate or Unfair | 81 | ||||||
Section 8.2 Illegality | 82 | ||||||
Section 8.3 Increased Cost and Reduced Return | 83 | ||||||
Section 8.4 Taxes | 84 | ||||||
Section 8.5 Base Rate Loans Substituted for Affected Euro-Dollar Loans | 87 | ||||||
Section 8.6 Dodd-Frank Wall Street Reform and Consumer Protection Act and Basel III | 87 | ||||||
ARTICLE IX | |||||||
MISCELLANEOUS | |||||||
Section 9.1 Notices | 88 |
iii
Page | ||||
Section 9.2 No Waivers | 88 | |||
Section 9.3 Expenses; Indemnification | 88 | |||
Section 9.4 Sharing of Set-Offs | 89 | |||
Section 9.5 Amendments and Waivers | 90 | |||
Section 9.6 Successors and Assigns | 91 | |||
Section 9.7 Collateral | 94 | |||
Section 9.8 Governing Law; Submission to Jurisdiction | 94 | |||
Section 9.9 Counterparts; Integration; Effectiveness | 95 | |||
Section 9.10 WAIVER OF JURY TRIAL | 95 | |||
Section 9.11 Survival | 95 | |||
Section 9.12 Domicile of Loans | 95 | |||
Section 9.13 Limitation of Liability | 95 | |||
Section 9.14 Recourse Obligation | 96 | |||
Section 9.15 Confidentiality | 96 | |||
Section 9.16 Defaulting Lenders | 96 | |||
Section 9.17 No Bankruptcy Proceedings | 99 | |||
Section 9.18 Down REIT Guaranties | 99 | |||
Section 9.19 USA PATRIOT Act Notice | 100 | |||
Section 9.20 Public/Private Information | 100 | |||
Section 9.21 Intentionally Omitted | 101 | |||
Section 9.22 No Advisory or Fiduciary Responsibility | 101 |
Schedule 1.1 - Mandatory Cost Formulae |
Schedule 2.16 - Letters of Credit Transferred to New Revolver |
Schedule 2.3 - Money Market Loans Transferred to New Revolver |
Exhibit A-1 - Form of Designated Lender Note |
Exhibit A-2 - Form of Note |
Exhibit A-3 - Form of Qualified Borrower Note |
Exhibit B — Form of Money Market Quote Request |
Exhibit C — Notice of Borrowing |
Exhibit D — Form of Money Market Quote |
Exhibit E — Transfer Supplement |
Exhibit F — Qualified Unencumbered Properties |
Exhibit G — Designation Agreement |
Exhibit H — Down REIT Guaranty |
Exhibit I — Qualified Borrower Guaranty |
iv
2
Applicable Margin for | Applicable Margin for | |||||||
Range of Borrower’s | Base Rate Loans | Euro Dollar Loans | ||||||
Credit Rating | (% per annum) | (% per annum) | ||||||
Non-Investment Grade | 0.950 | 1.950 | ||||||
BBB-/Baa3 | 0.650 | 1.650 | ||||||
BBB/Baa2 | 0.350 | 1.350 | ||||||
BBB+/Baa1 | 0.150 | 1.150 | ||||||
A-/A3 | 0.075 | 1.075 | ||||||
A/A2 or better | 0.050 | 1.050 |
3
4
5
6
7
8
9
10
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
Less than BBB-/Baa3 | 0.450 | % | ||
BBB-/Baa3 | 0.350 | % | ||
BBB/Baa2 | 0.250 | % | ||
BBB+/Baa1 | 0.200 | % | ||
A-/A3 | 0.175 | % | ||
>A/A2 | 0.150 | % |
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
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100
101
ERP OPERATING LIMITED PARTNERSHIP By: Equity Residential | ||||
By: | /s/ Mark Parrell | |||
Name: | Mark Parrell | |||
Title: | Executive Vice President and Chief Financial Officer | |||
Address: Two North Riverside Plaza
Suite 400
Chicago, Illinois 60606
Attn: Chief Financial Officer
by the provisions of Section 5.13 only:
EQUITY RESIDENTIAL | ||||
By: | /s/ Mark Parrell | |||
Name: | Mark Parrell | |||
Title: | Executive Vice President and Chief Financial Officer |
S-1
JPMORGAN CHASE BANK, N.A., as Syndication Agent and a Bank | ||||
By | /s/ Marc Costantino | |||
Name: | Marc Costantino | |||
Title: | Executive Director | |||
383 Park Avenue, 24th Floor
New York, New York 10179
Attn: Marc Costantino
Telephone: (212) 622-8167
Telecopy: (646) 534-0574
500 Stanton Christiana Road, Ops 2/3
Newark, DE 19713-2107
Attn: Jenna Poore
Loan and Agency Services
Telephone: (302) 634-1574
Telecopy: (201) 244-3885
Alternate Currency Commitment: $23,000,000.00
BANK OF AMERICA, N.A., as Administrative Agent, as Swingline Lender and as a Bank | ||||
By | /s/ Michael W. Edwards | |||
Name: Michael W. Edwards | ||||
Title: Senior Vice President | ||||
135 South LaSalle Street
Chicago, Illinois 60603
Attention: Michael Kauffman
Telecopy: 312-992-9767
Alternate Currency Commitment: $23,000,000.00
WELLS FARGO BANK, NATIONAL ASSOCIATION, as Documentation Agent and as a Bank | ||||
By: | /s/ Winita Lau | |||
Name: | Winita Lau | |||
Title: | Vice President | |||
Alternate Currency Commitment: $23,000,000.00
CITIBANK, N.A., as Co-Documentation Agent and as a Bank | ||||
By: | /s/ John Rowland | |||
Name: | John Rowland | |||
Title: | Vice President | |||
Alternate Currency Commitment: $20,000,000.00
DEUTSCHE BANK AG, NEW YORK BRANCH, as Co-Documentation Agent and as a Bank | ||||
By: | /s/ George R. Reynolds | |||
Name: | George R. Reynolds | |||
Title: | Director | |||
By: | /s/ David Naranjo | |||
Name: | David Naranjo | |||
Title: | Vice President | |||
Alternate Currency Commitment: $20,000,000.00
MORGAN STANLEY BANK, N.A., as a Bank | ||||
By: | /s/ Sherrese Clarke | |||
Name: | Sherrese Clarke | |||
Title: | Authorized Signature | |||
MORGAN STANLEY SENIOR FUNDING, INC., as Co-Documentation Agent | ||||
By: | /s/ Sherrese Clarke | |||
Name: | Sherrese Clarke | |||
Title: | Authorized Signature | |||
Alternate Currency Commitment: $20,000,000.00
SUNTRUST BANK, as Documentation Agent and as a Bank | ||||
By: | /s/ Nancy B. Richards | |||
Name: | Nancy B. Richards | |||
Title: | Senior Vice President | |||
Alternate Currency Commitment: $20,000,000.00
U.S. BANK NATIONAL ASSOCIATION, as Documentation Agent and as a Bank | ||||
By: | /s/ Curt Steiner | |||
Name: | Curt Steiner | |||
Title: | Senior Vice President | |||
Alternate Currency Commitment: $20,000,000.00
BARCLAYS BANK PLC, as Managing Agent and as a Bank | ||||
By: | /s/ Diane Rolfe | |||
Name: | Diane Rolfe | |||
Title: | Director | |||
Alternate Currency Commitment: $13,000,000.00
THE BANK OF NEW YORK MELLON, as Managing Agent and as a Bank | |||||
By: | /s/ Kenneth R. McDonnell | ||||
Name: Kenneth R. McDonnell | |||||
Title: | Managing Director | ||||
Alternate Currency Commitment: $13,000,000.00
COMPASS BANK, as Managing Agent and as a Bank | |||||
By: | /s/ Don Byerly | ||||
Name: Don Byerly | |||||
Title: | Senior Vice President | ||||
Alternate Currency Commitment: $11,000,000.00
HSBC BANK USA, NA, as Managing Agent and as a Bank | |||||
By: | /s/ Barbara Isaacman | ||||
Name: Barbara Isaacman | |||||
Title: | Vice President | ||||
Alternate Currency Commitment: $0
PNC BANK, NATIONAL ASSOCIATION, as Managing Agent and as a Bank | ||||
By: | /s/ John Murphy | |||
Name: | John Murphy | |||
Title: | Vice President | |||
Alternate Currency Commitment: $13,000,000.00
ROYAL BANK OF CANADA, as Managing Agent and as a Bank | ||||
By: | /s/ Gordon MacArthur | |||
Name: | Gordon MacArthur | |||
Title: | Authorized Signatory | |||
Alternate Currency Commitment: $11,000,000.00
SCOTIA BANC INC, as Managing Agent and as a Lender | ||||
By: | /s/ J. F. Todd | |||
Name: | J. F. Todd | |||
Title: | Managing Director | |||
Alternate Currency Commitment: $11,000,000.00
THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as a Bank | ||||
By: | /s/ Charles Stewart | |||
Name: | Charles Stewart | |||
Title: | Director | |||
Alternate Currency Commitment: $0
CAPITAL ONE, N.A., as a Bank | ||||
By: | /s/ Frederick H. Denecke | |||
Name: | Frederick H. Denecke | |||
Title: | Vice President | |||
Alternate Currency Commitment: $0
MIZUHO CORPORATE BANK, LTD., as a Bank | ||||
By: | /s/ Noel Purcell | |||
Name: | Noel Purcell | |||
Title: | Authorized Signatory | |||
Alternate Currency Commitment: $9,000,000.00
UNION BANK, N.A., as a Bank | ||||
By: | /s/ Katherine Brandt | |||
Name: | Katherine Brandt | |||
Title: | Vice President | |||
Alternate Currency Commitment: $0
REGIONS BANK, as a Bank | ||||
By: | /s/ Lori Chambers | |||
Name: | Lori Chambers | |||
Title: | Vice President | |||
Alternate Currency Commitment: $0
COMERICA BANK, as a Bank | ||||
By: | /s/ Adam Sheets | |||
Name: | Adam Sheets | |||
Title: | Vice President | |||
Alternate Currency Commitment: $0
THE NORTHERN TRUST COMPANY, as a Bank | ||||
By: | /s/ Blake J. Lunt | |||
Name: | Blake J. Lunt | |||
Title: | Second Vice President | |||
Alternate Currency Commitment: $0
SUMITOMO MITSUI BANKING CORP., NEW YORK, as a Bank | ||||
By: | /s/ William Karl | |||
Name: | William Karl | |||
Title: | General Manager | |||
Alternate Currency Commitment: $0
AB+C(B-D)+E x 0.01 | per cent per annum | |||
100 — (A+C) |
E x 0.01 | per cent per annum | |||
300 |
Schedule 1.1 - 1
Schedule 1.1 - 2
Schedule 1.1 - 3
Schedule 1.1 - 4
Fronting Bank | Beneficiary | LC # | Amount | |||
See attached. |
Schedule 2.16 - 1
As of June 30, 2011
Liab USD | ||||||||||||
Istm ID | Exp Dt | App Nm | Ben Nm | Curr | Amt | |||||||
BAML | ||||||||||||
00000003101988 | 3/11/2012 | OAK MILL II APARTMEN | DEUTSCHE BANK NATION | USD | $ | 9,710,466.00 | ||||||
00000003101989 | 4/14/2012 | TANGLEWOOD APARTMENT | DEUTSCHE BANK NATION | USD | $ | 25,398,937.00 | ||||||
00000007402074 | 6/17/2012 | ERP OPERATING LIMITE | CALIFORNIA STATEWIDE | USD | $ | 1,000,000.00 | ||||||
00000007412160 | 5/1/2012 | EQR- THE OAKS, LLC | NEW YORK LIFE INSURA | USD | $ | 615,000.00 | ||||||
$ | 36,724,403.00 | |||||||||||
US Bank | ||||||||||||
07169 | 9/22/2011 | ERP OPERATING LP | WELLS FARGO BANK | USD | $ | 2,095,226.00 | ||||||
02005 | 5/10/2012 | ERP OPERATING LP | THE TRAVELRS INDEMINTY CO | USD | $ | 11,925,000.00 | ||||||
02267 | 3/26/2012 | LPC CHINO HILLS LP | MJ BRAY, JS BRAY, JA BRAY, EA BRAY LP | USD | $ | 1,427,534.00 | ||||||
02517 | 3/14/2012 | DUXFORD INSURANCE COMPANY LLC | VERMONT DEPT OF BANKING. SECURITIES AND HEALTH CARE | USD | $ | 250,000.00 | ||||||
02620 | 7/17/11 | ERP Operating LP f/b/o EC-AIexandria. LLC | 1ST AMERICAN TITLE CO NEW HOMEBUILDER SERVICES | USD | $ | 192,500.00 | ||||||
02621 | 7/17/11 | ERP Operating LP f/b/o EC-Alexandria. LLC | 1ST AMERICAN TITLE CO NEW HOMEBUILDER SERVICES | USD | $ | 64,196.00 | ||||||
02835 | 3/20/2012 | ERP OPERATING LP | DISTRICT OF COLUMBIA | USD | $ | 50,000.00 | ||||||
03417 | 11/15/11 | ERP OPERATING LP | FANNIE MAE | USD | $ | 28,625,000.00 | ||||||
03444 | 6/1/12 | ERP OPERATING LP | MIDLAND LOAN SERVICES ON BEHALF OF US BANK | USD | $ | 509,864.00 | ||||||
$ | 45,139,320.00 | |||||||||||
GRAND TOTAL= | $ | 81,863,723.00 | ||||||||||
Schedule 2.3 - 1
________ __, 20__
Exhibit A-1-1
ERP OPERATING LIMITED PARTNERSHIP By: Equity Residential | ||||
By: | ||||
Name: | ||||
Title: | ||||
Exhibit A-1-2
Amount of | ||||||||||
Amount of | Type of | Principal | Notation Made | |||||||
Date | Loan | Loan | Repaid | Maturity Date | By | |||||
Exhibit A-1-3
__________, 20__
Exhibit A-2-1
ERP OPERATING LIMITED PARTNERSHIP By: Equity Residential | ||||
By: | ||||
Name: | ||||
Title: | ||||
Exhibit A-2-2
Amount of | ||||||||||||||||||||
Principal | ||||||||||||||||||||
Date | Amount of Loan | Type of Loan | Repaid | Maturity Date | Notation Made By | |||||||||||||||
Exhibit A-2-3
$__________________ | Chicago, Illinois _______ ___, 20__ |
Exhibit A-3-1
By: | ||||
Name: | ||||
Title: |
Exhibit A-3-2
Amount of | ||||||||||||||||||||
Principal | ||||||||||||||||||||
Date | Amount of Loan | Type of Loan | Repaid | Maturity Date | Notation Made By | |||||||||||||||
Exhibit A-3-3
[Date] |
To: | Bank of America, N.A. (the “Administrative Agent”) | |
From: | ERP Operating Limited Partnership | |
Re: | Revolving Credit Agreement (as the same may be amended from time to time, the “Agreement”) dated as of July 13, 2011, among ERP Operating Limited Partnership, the Banks parties thereto, the Administrative Agent, JPMORGAN CHASE BANK, N.A., as Syndication Agent, and SUNTRUST BANK, U.S. BANK NATIONAL ASSOCIATION, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Documentation Agents, and CITIBANK, N.A., DEUTSCHE BANK SECURITIES INC., and MORGAN STANLEY SENIOR FUNDING, INC., as Co-Documentation Agents |
Principal Amount1 | Interest Period2 | |
$ |
1 | Amount must be $3,000,000 or a larger multiple of $100,000. | |
2 | Not less than 7 days (LIBOR Auction) or not less than 7 days (Absolute Rate Auction), subject to the provisions of the definition of Interest Period. |
Exhibit B-1
ERP OPERATING LIMITED PARTNERSHIP | ||||
By: | Equity Residential | |||
By: | ||||
Name: | ||||
Title: | ||||
Exhibit B-2
1. | Amount of Loans: _____________ | |||||
2. | If a Letter of Credit: Amount ____; Beneficiary: ____________, Term: _________ | |||||
3. | Date of Proposed Borrowing: ___________ | |||||
4. | Type of Loan(check one only): ___Base Rate Loan | |||||
__ | Euro-Dollar Loan with Euro-Dollar Interest Period of: | |||||
____ [1, 2, 3 or 6 months (or shorter but not less than 7 days)] ending _____ | ||||||
__ | Swingline Loan |
Exhibit C-1
ERP OPERATING LIMITED PARTNERSHIP | ||||
By: | Equity Residential | |||
By: | ||||
Name: | ||||
Title: | ||||
Exhibit C-2
To: | Bank of America, N.A., as Agent | |
Re: | Money Market Quote to ERP Operating Limited Partnership (the “Borrower”) |
1. | Quoting Bank: ______________________ |
2. | Person to contact at Quoting Bank: |
_____________________________ |
3. | Date of Borrowing:________* |
4. | We hereby offer to make Money Market Loan(s) in the following principal amounts, for the following Interest Periods and at the following rates: |
Principal | Interest | Money Market | ||||
Amount** | Period*** | [Margin****] | [Absolute Rate*****] | |||
$ | ||||||
$ |
[Provided, that the aggregate principal amount of Money Market Loans for which the above offers may be accepted shall not exceed $__.]** |
Exhibit D-1
Dated: | By: | |||
Authorized Officer | ||||
* | As specified in the related Invitation. | |
** | Principal amount bid for each Interest Period may not exceed principal amount requested. Specify aggregate limitation if the sum of the individual offers exceeds the amount the Bank is willing to lend. Bids must be made for $3,000,000 or a larger multiple of $100,000. | |
*** | Not less than 7 days, as specified in the related Invitation. No more than five bids are permitted for each Interest Period. | |
**** | Margin over or under the Euro-Dollar Rate determined for the applicable Interest Period. Specify percentage (to the nearest 1/10,000 of 1%) and specify whether “PLUS” or “MINUS”. | |
***** | Specify rate of interest per annum (to the nearest 1/10,000th of 1%). |
Exhibit D-2
3 | To be conformed for purchase of Dollar Commitment or Alternate Currency Commitment |
Exhibit E-1
Exhibit E-2
Exhibit E-3
Exhibit E-4
By: | ||||
Name: | ||||
Title: | ||||
By: | ||||
Name: | ||||
Title: | ||||
day of _, 20_ -:
as Administrative Agent
By: | ||||
Name: | ||||
Title: | ||||
[IF REQUIRED ADD THE FOLLOWING:] ERP OPERATING LIMITED PARTNERSHIP | ||||
By: | Equity Residential | |||
By: | ||||
Name: | ||||
Title: |
Exhibit E-5
Apartment Name | Location | |
500 West 23rd Street (fka 10 Chelsea) | New York, NY | |
1210 Mass | Washington, D.C. (G) | |
1401 Joyce on Pentagon Row | Arlington, VA | |
1660 Peachtree | Atlanta, GA | |
2201 Pershing Drive | Arlington, VA | |
2400 M St | Washington, D.C. (G) | |
420 East 80th Street | New York, NY | |
425 Mass | Washington, D.C. (G) | |
600 Washington | New York, NY (G) | |
70 Greene | Jersey City, NJ (G) | |
71 Broadway | New York, NY (G) | |
777 Sixth | New York, NY (G) | |
Abington Glen | Abington, MA | |
Acacia Creek | Scottsdale, AZ | |
Arden Villas | Orlando, FL | |
Arlington at Perimeter Center | Atlanta, GA | |
Ashton, The | Corona Hills, CA | |
Audubon Village | Tampa, FL | |
Auvers Village | Orlando, FL | |
Avenue Royale | Jacksonville, FL | |
Avon Place, LLC | Avon, CT | |
Ball Park Lofts | Denver, CO (G) | |
Barrington Place | Oviedo, FL | |
Bay Hill | Long Beach, CA | |
Bella Terra I | Mukilteo, WA (G) | |
Bella Vista | Phoenix, AZ | |
Bella Vista I, II, III Combined | Woodland Hills, CA | |
Belle Arts Condominium Homes, LLC | Bellevue, WA | |
Beneva Place | Sarasota, FL | |
Berkeley Land | Berkeley, CA | |
Bermuda Cove | Jacksonville, FL | |
Bishop Park | Winter Park, FL | |
Bradford Apartments | Newington, CT | |
Briar Knoll Apts | Vernon, CT | |
Bridford Lakes II | Greensboro, NC | |
Bridgewater at Wells Crossing | Orange Park, FL | |
Brookside (MD) | Frederick, MD | |
Brookside II (MD) | Frederick, MD | |
Camellero | Scottsdale, AZ | |
Carlyle Mill | Alexandria, VA | |
Center Pointe | Beaverton, OR | |
Centre Club | Ontario, CA |
Apartment Name | Location | |
Centre Club II | Ontario, CA | |
Chandler Court | Chandler, AZ | |
Chandlers Bay | Kent, WA | |
Chatelaine Park | Duluth, GA | |
Chesapeake Glen Apts (fka Greentree I, II & III) | Glen Burnie, MD | |
Chestnut Hills | Puyallup, WA | |
Chickasaw Crossing | Orlando, FL | |
Chinatown Gateway | Los Angeles, CA | |
Citrus Falls | Tampa, FL | |
City View (GA) | Atlanta, GA (G) | |
Clarys Crossing | Columbia, MD | |
Cleo, The | Los Angeles, CA | |
Club at Tanasbourne | Hillsboro, OR | |
Club at the Green | Beaverton, OR | |
Coconut Palm Club | Coconut Creek, GA | |
Cortona at Dana Park | Mesa, AZ | |
Country Gables | Beaverton, OR | |
Cove at Boynton Beach I | Boynton Beach, FL | |
Cove at Boynton Beach II | Boynton Beach, FL | |
Cove at Fishers Landing | Vancouver, WA | |
Creekside Village | Mountlake Terrace, WA | |
Crosswinds | St. Petersburg, FL | |
Crown Court | Scottsdale, AZ | |
Crowntree Lakes | Orlando, FL | |
Cypress Lake at Waterford | Orlando, FL | |
Dartmouth Woods | Lakewood, CO | |
Dean Estates | Taunton, MA | |
Deerwood (Corona) | Corona, CA | |
Defoor Village | Atlanta, GA | |
Del Mar Ridge | San Diego, CA | |
Desert Homes | Phoenix, AZ | |
Eagle Canyon | Chino Hills, CA | |
Ellipse at Government Center | Fairfax, VA | |
Emerson Place | Boston, MA (G) | |
Enclave at Lake Underhill | Orlando, FL | |
Enclave at Waterways | Deerfield Beach, FL | |
Enclave at Winston Park | Coconut Creek, FL | |
Enclave, The | Tempe, AZ | |
Estates at Phipps | Atlanta, GA | |
Estates at Wellington Green | Wellington, FL | |
Fairland Gardens | Silver Spring, MD | |
Four Winds | Fall River, MA | |
Fox Hill Apartments | Enfield, CT | |
Fox Run (WA) | Federal Way, WA | |
Fox Run II (WA) | Federal Way, WA | |
Gables Grand Plaza | Coral Gables, FL (G) |
Apartment Name | Location | |
Gallery, The | Hermosa Beach, CA | |
Gatehouse at Pine Lake | Pembroke Pines, FL | |
Gatehouse on the Green | Plantation, FL | |
Gates of Redmond | Redmond, WA | |
Gatewood | Pleasanton, CA | |
Governors Green | Bowie, MD | |
Greenfield Village | Rocky Hill, CT | |
Greenhouse — Roswell | Roswell, GA | |
Hamilton Villas | Beverly Hills, CA | |
Hammocks Place | Miami, FL | |
Hampshire Place | Los Angeles, CA | |
Hamptons | Puyallup, WA | |
Heritage Ridge | Lynwood, WA | |
Heritage, The | Phoenix, AZ | |
Heron Pointe | Boynton Beach, FL | |
High Meadow | Ellington, CT | |
Highland Glen | Westwood, MA | |
Highland Glen II | Westwood, MA | |
Highlands at South Plainfield | South Plainfield, NJ | |
Highlands, The | Scottsdale, AZ | |
Hudson Crossing | New York, NY (G) | |
Hudson Pointe | Jersey City, NJ | |
Hunt Club II | Charlotte, NC | |
Huntington Park | Everett, WA | |
Indian Bend | Scottsdale, AZ | |
Iron Horse Park | Pleasant Hill, CA | |
Isle at Arrowhead Ranch | Glendale, AZ | |
Kempton Downs | Gresham, OR | |
Kenwood Mews | Burbank, CA | |
Key Isle at Windermere | Ocoee, FL | |
Key Isle at Windermere II | Ocoee, FL | |
Kings Colony (FL) | Miami, FL | |
La Mirage | San Diego, CA | |
La Mirage IV | San Diego, CA | |
Laguna Clara | Santa Clara, CA | |
Lake Buena Vista Combined | Orlando, FL | |
Landings at Pembroke Lakes | Pembroke Pines, FL | |
Landings at Port Imperial | W. New York, NJ | |
Las Colinas at Black Canyon | Phoenix, AZ | |
Legacy at Highlands Ranch | Highlands Ranch, CO | |
Legacy Park Central | Concord, CA | |
Lexington Farm | Alpharetta, GA | |
Lexington Park | Orlando, FL | |
Little Cottonwoods | Tempe, AZ | |
Longacre House | New York, NY (G) | |
Longfellow Place | Boston, MA (G) |
Apartment Name | Location | |
Longwood | Decatur, GA | |
Madison, The | Alexandria, VA | |
Marbrisa | Tampa, FL | |
Mariners Wharf | Orange Park, FL | |
Market Street Landing | Seattle, WA | |
Marquessa | Corona Hills, CA | |
Martha Lake | Lynnwood, WA | |
Martine, The | Bellevue, WA | |
Merritt at Satellite Place | Duluth, GA | |
Mill Pond | Millersville, MD | |
Mira Flores | Palm Beach Gardens, FL | |
Mission Bay | Orlando, FL | |
Mission Verde, LLC | San Jose, CA | |
Morningside | Scottsdale, AZ | |
Mosaic at Largo Station | Hyattsville, MD | |
Mozaic at Union Station | Los Angeles, CA | |
New River Cove | Davie, FL | |
Northampton I | Largo, MD | |
Northampton 2 | Largo, MD | |
Northglen | Valencia, CA | |
Northlake (MD) | Germantown, MD | |
Northridge | Pleasant Hill, CA | |
Oak Park North | Agoura Hills, CA | |
Oak Park South | Agoura Hills, CA | |
Oaks at Falls Church | Falls Church, VA | |
Ocean Crest | Solana Beach, CA | |
Ocean Walk | Key West, FL | |
Olympus Towers | Seattle, WA (G) | |
Orchard Ridge | Lynnwood, WA | |
Overlook Manor | Frederick, MD | |
Overlook Manor II | Frederick, MD | |
Paces Station | Atlanta, GA | |
Palm Trace Landings | Davie, FL | |
Panther Ridge | Federal Way, WA | |
Parc 77 | New York, NY (G) | |
Parc Cameron | New York, NY (G) | |
Parc Coliseum | New York, NY (G) | |
Park at Turtle Run, The | Coral Springs, FL | |
Park West (CA) | Los Angeles, CA | |
Parkside | Union City, CA | |
Parkview Terrace | Redlands, CA | |
Phillips Park | Wellesley, MA | |
Pine Harbour | Orlando, FL | |
Playa Pacifica | Hermosa Beach, CA | |
Pointe at South Mountain | Phoenix, AZ | |
Polos East | Orlando, FL |
Apartment Name | Location | |
Port Royale | Ft. Lauderdale, FL (G) | |
Port Royale II | Ft. Lauderdale, FL (G) | |
Port Royale III | Ft. Lauderdale, FL (G) | |
Port Royale IV | Ft. Lauderdale, FL | |
Portofino | Chino Hills, CA | |
Portofino (Val) | Valencia, CA | |
Portside Towers | Jersey City, NJ (G) | |
Preserve at Deer Creek | Deerfield Beach, FL | |
Prime, The | Arlington, VA | |
Promenade at Aventura | Aventura, FL | |
Promenade at Town Center I | Valencia, CA | |
Promenade at Wyndham Lakes | Coral Springs, FL | |
Promenade Terrace | Corona, CA | |
Promontory Pointe I & II | Phoenix, AZ | |
Prospect Towers | Hackensack, NJ | |
Prospect Towers II | Hackensack, NJ | |
Ravens Crest | Plainsboro, NJ | |
Redmond Ridge | Redmond, WA | |
Red 160 (fka Redmond Way) | Redmond, WA (G) | |
Regency Palms | Huntington Beach, CA | |
Regency Park | Centreville, VA | |
Registry | Northglenn, CO | |
Remington Place | Phoenix, AZ | |
Renaissance Villas | Berkeley, CA (G) | |
Reserve at Ashley Lake | Boynton Beach, FL | |
Reserve at Town Center | Loudon, VA | |
Reserve at Town Center II (WA) | Mill Creek, WA | |
Reserve at Town Center III | Mill Creek, WA | |
Retreat, The | Phoenix, AZ | |
Rianna I | Seattle, WA (G) | |
Ridgewood Village I&II | San Diego, CA | |
River Pointe at Den Rock Park | Lawrence, MA | |
River Tower | New York, NY (G) | |
Rivers Bend (CT) | Windsor, CT | |
Riverview Condominiums | Norwalk, CT | |
Royal Oaks (FL) | Jacksonville, FL | |
Sabal Palm at Carrollwood Place | Tampa, FL | |
Sabal Palm at Lake Buena Vista | Orlando, FL | |
Sabal Palm at Metrowest | Orlando, FL | |
Sabal Palm at Metrowest II | Orlando, FL | |
Sabal Pointe | Coral Springs, FL | |
Saddle Ridge | Ashburn, VA | |
Sage | Everett, WA | |
Savannah at Park Place | Atlanta, GA | |
Savoy III | Aurora, CO | |
Sawgrass Cove | Bradenton, FL |
Apartment Name | Location | |
Scarborough Square | Rockville, MD | |
Sedona Ridge | Phoenix, AZ | |
Seeley Lake | Lakewood, WA | |
Seventh & James | Seattle, WA | |
Shadow Creek | Winter Springs, FL | |
Sheridan Lake Club | Dania Beach, FL | |
Sheridan Ocean Club combined | Dania Beach, FL | |
Siena Terrace | Lake Forest, CA | |
Silver Springs (FL) | Jacksonville, FL | |
Skycrest | Valencia, CA | |
Skylark | Union City, CA | |
Skyline Terrace | Burlingame, CA | |
Skyline Towers | Falls Church, VA (G) | |
Skyview | Rancho Santa Margarita, CA | |
Sonoran | Phoenix, AZ | |
Southwood | Palo Alto, CA | |
Springbrook Estates | Riverside, CA | |
St. Andrews at Winston Park | Coconut Creek, FL | |
Stoney Creek | Lakewood, WA | |
Summerwood | Hayward, CA | |
Summit & Birch Hill | Farmington, CT | |
Summit at Lake Union | Seattle, WA | |
Surprise Lake Village | Milton, WA | |
Sycamore Creek | Scottsdale, AZ | |
Tanasbourne Terrace | Hillsboro, OR | |
Third Square | Cambridge, MA (G) | |
Tortuga Bay | Orlando, FL | |
Toscana | Irvine, CA | |
Townes at Herndon | Herndon, VA | |
Trump Place, 140 Riverside | New York, NY (G) | |
Trump Place, 160 Riverside | New York, NY (G) | |
Trump Place, 180 Riverside | New York, NY (G) | |
Uwajimaya Village | Seattle, WA | |
Valencia Plantation | Orlando, FL | |
Vantage Pointe | San Diego, CA (G) | |
Versailles (K-Town) | Los Angeles, CA | |
Victor on Venice | Los Angeles, CA (G) | |
Villa Encanto | Phoenix, AZ | |
Villa Solana | Laguna Hills, CA | |
Village at Bear Creek | Lakewood, CO | |
Vista Del Largo | Mission Viejo, CA | |
Vista Grove | Mesa, AZ | |
Vista Montana — Residential & Townhomes | San Jose, CA | |
Vista on Courthouse | Arlington, VA | |
Waterford at Deerwood | Jacksonville, FL | |
Waterford at Orange Park | Orange Park, FL |
Apartment Name | Location | |
Waterford Place (CO) | Thornton, CO | |
Waterside | Reston, VA | |
Webster Green | Needham, MA | |
Welleby Lake Club | Sunrise, FL | |
West End Apartments (fka Emerson Place/CRP II) | Boston, MA (G) | |
Westerly at Worldgate | Herndon, VA | |
Westfield Village | Centerville, VA | |
Westridge | Tacoma, WA | |
Westgate Pasadena Condos | Pasadena, CA | |
Westgate Pasadena and Green | Pasadena, CA | |
Westside Villas I | Los Angeles, CA | |
Westside Villas II | Los Angeles, CA | |
Westside Villas III | Los Angeles, CA | |
Westside Villas IV | Los Angeles, CA | |
Westside Villas V | Los Angeles, CA | |
Westside Villas VI | Los Angeles, CA | |
Westside Villas VII | Los Angeles, CA | |
Wimberly at Deerwood | Jacksonville, FL | |
Winchester Park | Riverside, RI | |
Winchester Wood | Riverside, RI | |
Windsor at Fair Lakes | Fairfax, VA | |
Winston, The (FL) | Pembroke Pines, FL | |
Wood Creek (CA) | Pleasant Hill, CA | |
Woodbridge (CT) | Newington, CT | |
Woodleaf | Campbell, CA | |
Woodside | Lorton, VA |
Exhibit G-1
Exhibit G-2
Exhibit G-3
Effective Date: | ________________________, 200_ |
[NAME OF DESIGNOR], as Designor | ||||
By: | ||||
Title: | ||||
[NAME OF DESIGNEE] as Designee | ||||
By: | ||||
Title: | ||||
Applicable Lending Office (and address for notices): | ||||
[ADDRESS] |
of __, 20__
as Administrative Agent
By: | ||||
Title: | ||||
2
3
4
5
6
If to Guarantor: | ||||
c/o Equity Residential | ||||
Two North Riverside Plaza | ||||
Suite 400 | ||||
Chicago, Illinois 60606 | ||||
Attn: Chief Financial Officer | ||||
With Copies of | ||||
Notices to | ||||
Guarantor to: | Equity Residential | |||
Two North Riverside Plaza | ||||
Suite 400 |
7
Chicago, Illinois 60606 | ||||
Attn: General Counsel | ||||
and | ||||
DLA Piper LLP (US) | ||||
203 North LaSalle Street, Suite 1900 | ||||
Chicago, Illinois 60601 | ||||
Attn: James M. Phipps, Esq. | ||||
If to the | ||||
Administrative | ||||
Agent: | Bank of America, N.A. | |||
Structured Debt Group | ||||
Mail Code | ||||
231 South LaSalle Street | ||||
Chicago, IL 60697 | ||||
Attn: | ||||
With Copies of | ||||
Notices to the | ||||
Administrative | ||||
Agent to: | Skadden, Arps, Slate, | |||
Meagher & Flom LLP | ||||
Four Times Square | ||||
New York, New York 10036 | ||||
Attn: Martha Feltenstein, Esq. |
8
9
10
GUARANTOR: | ||||
[Signature Block for Down REIT Guarantor] | ||||
AS ADMINISTRATIVE AGENT
By: | ||||
Name: | ||||
Title: | ||||
STATE OF ILLINOIS | ) | ||||||||||
) | ss | ||||||||||
COUNTY OF COOK | ) |
Notary Public | ||||
11
2
3
4
5
6
Two North Riverside Plaza
Suite 2100
Chicago, Illinois 60606
Attn: Chief Financial Officer
Two North Riverside Plaza
Suite 2100
Chicago, Illinois 60606
Attn: Chief Legal Counsel
203 North LaSalle Street
Suite 1900
Chicago, Illinois 60601
Attn: James M. Phipps, Esq.
Structured Debt Group
Mail Code
231 South LaSalle Street
Chicago, IL 60697
Attn:
7
8
9
10
GUARANTOR: ERP OPERATING LIMITED PARTNERSHIP | ||||
By: | EQUITY RESIDENTIAL |
By: | ||||
Name: | ||||
Title: | ||||
ACCEPTED: BANK OF AMERICA, N.A. | ||||
By: | ||||
Name: | ||||
Title: |
S-1
STATE OF ILLINOIS | ) | |||
) | SS. | |||
COUNTY OF COOK | ) |
Notary Public | ||||
S-2