夹层贷款协议.docx

1、夹层贷款协议EX-10.1617d368735dex1016.htmMEZZANINE LOAN AGREEMENTEXHIBIT 10.16Loan No.10061253MEZZANINE LOAN AGREEMENTDated as of June13, 2012BetweenTNP SRT PORTFOLIO II HOLDINGS, LLCas BorrowerandKEYBANK NATIONAL ASSOCIATION,as LenderTABLE OF CONTENTSPageARTICLE I - DEFINITIONS; PRINCIPLES OF CONSTRUCTION

2、1Section1.1Definitions1Section1.2Principles of Construction26ARTICLE II - GENERAL TERMS27Section2.1Loan Commitment; Disbursement to Borrower272.1.1Agreement to Lend and Borrow272.1.2Single Disbursement to Borrower272.1.3The Note, Pledge Agreement and Loan Documents272.1.4Use of Proceeds27Section2.2I

3、nterest Rate272.2.1Interest Rate272.2.2Interest Calculation272.2.3Default Rate282.2.4Usury Savings28Section2.3Loan Payment28Section2.4Prepayments29Section2.5Liquidation Events29Section2.6Lockbox Account/Cash Management292.5.1Lockbox Account292.6.2Cash Management302.6.3Mezzanine Collection Account31A

4、RTICLE III - CONDITIONS PRECEDENT TO CLOSING32ARTICLE IV - REPRESENTATIONS AND WARRANTIES32Section4.1Borrower Representations324.1.1Organization324.1.2Proceedings334.1.3No Conflicts334.1.4Litigation334.1.5Agreements334.1.6UCC Insurance; Mezzanine Lender Endorsement344.1.7Solvency344.1.8Full and Accu

5、rate Disclosure354.1.9No Plan Assets354.1.10Compliance354.1.11Financial Information354.1.12Condemnation364.1.13Federal Reserve Regulations364.1.14Not a Foreign Person364.1.15Enforceability364.1.16No Prior Assignment364.1.17Insurance36i4.1.18Leases364.1.19Filing and Recording Taxes374.1.20Special Pur

6、pose Entity/Separateness374.1.21Management Agreement384.1.22Illegal Activity384.1.23No Change in Facts or Circumstances; Disclosure384.1.24Investment Company Act384.1.25Embargoed Person384.1.26Principal Place of Business; State of Organization394.1.27Mortgage Loan Representations and Warranties394.1

7、.28Title Insurance Proceeds39Section4.2Survival of Representations39ARTICLE V - BORROWER COVENANTS39Section5.1Affirmative Covenants395.1.1Existence; Compliance with Legal Requirements395.1.2Taxes and Other Charges405.1.3Litigation415.1.4Access to Property415.1.5Notice of Default415.1.6Cooperate in L

8、egal Proceedings415.1.7Perform Loan Documents425.1.8Further Assurances425.1.9Principal Place of Business, State of Organization425.1.10Financial Reporting435.1.11Business and Operations455.1.12Title to the Property455.1.13Costs of Enforcement455.1.14Estoppel Statement455.1.15Loan Proceeds465.1.16Per

9、formance by Borrower465.1.17Leasing Matters475.1.18Alterations475.1.19Operation of Property485.1.20Embargoed Person495.1.21Mortgage Loan Reserve Funds495.1.22Special Distributions495.1.23Curing495.1.24Environmental Covenants505.1.25Mortgage Borrower Covenants52Section5.2Negative Covenants525.2.1Oper

10、ation of Property525.2.2Liens525.2.3Dissolution525.2.4Change In Business535.2.5Debt Cancellation535.2.6Zoning53ii5.2.7No Joint Assessment535.2.8ERISA535.2.9Transfers545.2.10Limitations on Distributions575.2.11Lost Note575.2.12Limitation on Securities Issuances57ARTICLE VI - INSURANCE; CASUALTY; COND

11、EMNATION58Section6.1Insurance58Section6.2Casualty58Section6.3Condemnation58Section6.4Restoration59ARTICLE VII - RESERVE FUNDS59Section7.1Transfer of Reserve Funds under Mortgage Loan59Section7.2Tax and Insurance Escrow Fund60Section7.3Replacements and Replacement Reserve607.3.1Replacement Reserve Fu

12、nd607.3.2Disbursements from Replacement Reserve Account617.3.3Performance of Replacements627.3.4Failure to Make Replacements647.3.5Balance in the Replacement Reserve Account657.3.6Waiver of Deposits to the Replacement Reserve Account65Section7.4Rollover Reserve657.4.1Deposits to Rollover Reserve Fun

13、d657.4.2Withdrawal of Rollover Reserve Funds657.4.3Waiver of Rollover Reserve Fund65Section7.5Excess Cash Flow Reserve Fund667.5.1Deposits to Excess Cash Flow Reserve Fund667.5.2Release of Excess Cash Flow Reserve Funds67Section7.6Reserve Funds, Generally67ARTICLE VIII - DEFAULTS68Section8.1Event of

14、 Default68Section8.2Remedies70Section8.3Remedies Cumulative; Waivers73ARTICLE IX - SPECIAL PROVISIONS73Section9.1Securitization739.1.1Sale of Notes and Securitization739.1.2Securitization Costs75Section9.2Right to Release Information75Section9.3Exculpation75Section9.4Matters Concerning Manager75Sect

15、ion9.5Servicer75Section9.6Dissemination of Information76ARTICLE X - MISCELLANEOUS76Section10.1Survival76iiiSection10.2Lenders Discretion77Section10.3Governing Law77Section10.4Modification, Waiver in Writing77Section10.5Delay Not a Waiver77Section10.6Notices78Section10.7Trial by Jury79Section10.8Head

16、ings79Section10.9Severability79Section10.10Preferences79Section10.11Waiver of Notice79Section10.12Remedies of Borrower80Section10.13Expenses; Indemnity80Section10.14Schedules Incorporated81Section10.15Offsets, Counterclaims and Defenses81Section10.16No Joint Venture or Partnership; No Third Party .B

17、eneficiaries81Section10.17Publicity82Section10.18Waiver of Marshalling of Assets82Section10.19Waiver of Counterclaim82Section10.20Conflict; Construction of Documents; Reliance82Section10.21Brokers and Financial Advisors83Section10.22Prior Agreements83Section10.23Liability83Section10.24Certain Additi

18、onal Rights of Lender (VCOC)83Section10.25OFAC84Section10.26Duplicate Originals; Counterparts84ARTICLE XI - SPECIAL PROVISIONS84Section11.1The Mortgage Loan and Additional Matters8411.1.1Compliance with Mortgage Loan Documents8411.1.2Other Limitations8511.1.3Additional Representations and Warranties

19、8611.1.4Mortgage Loan Defaults8611.1.5Acquisition of the Mortgage Loan8711.1.6Deed in Lieu of Foreclosure8711.1.7Refinancing or Prepayment of the Mortgage Loan8811.1.8Intercreditor Agreement8811.1.9Independent Approval Rights88ivSCHEDULESScheduleIRent RollScheduleIIOrganizational Chart of Borrowerv夹

20、层贷款协议本夹层贷款协议，日截至 2012 年 6 月 13 日 （经修正，重申、 替换、 补充或否则时而不时修改这 协议 ），之间一路全国协会、 全国银行协会、 具有地址在 11501 Outlook、 套房 300、 欧弗兰帕克、 堪萨斯 66211 （连同与其继承人和，贷款人） 和 TNP SRT 组合 II 控股，有限责任公司特拉华州有限责任公司，其主要营业地的业务 1900 主街，套房 700，欧文，加州 92614 (借款人)。WITNESSETh：反之，借款人渴望从放款人 ； 获得贷款 （定义见下文）并且，而贷款人是愿意向借款人，贷款，遵守并按照本协议及其它贷款文件 （定义见下文） 的职权范围。现在因此，考虑由贷款人和公约、 协议、 陈述和保证本协议所述贷款作出时，缔约方双方契约、 同意、 代表和保证，如下所示：第一条 定义 ；建设的原则。1.1 定义。为所有目的本协定中，都除非另有明确要求，或除非上下文明确指出有相反的意思：权责发生制期间指期间开始和包括第一 （1） 一天的每个日历月期限内的贷款和结束，包括这种日历月