EXHIBIT 10.1
AMENDMENT NO. 2
     THIS AMENDMENT NO. 2, dated as of April 17, 2008 (this “Amendment”), of
that certain Credit Agreement referenced below is by and among HEALTHCARE REALTY
TRUST INCORPORATED, a Maryland corporation (the “Borrower”), the Lenders and
BANK OF AMERICA, N.A., as Administrative Agent. Capitalized terms used but not
otherwise defined herein shall have the meanings provided in the Credit
Agreement.
W I T N E S S E T H
     WHEREAS, a $400 million revolving credit facility has been established in
favor of the Borrower pursuant to the terms of that Credit Agreement dated as of
January 25, 2006, as amended by Amendment No. 1 and Consent dated as of
March 16, 2007 (as amended and modified, the “Credit Agreement”), among the
Borrower, the Lenders identified therein, and Bank of America, N.A., as
Administrative Agent;
     WHEREAS, the Borrower has requested certain consent with respect to, and
modification of, certain terms of the Credit Agreement; and
     WHEREAS, the Lenders have agreed to the requested consent and modification
on the terms and conditions set forth herein;
     NOW, THEREFORE, in consideration of these premises and other good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties agree as follows:
     1. Amendments to Credit Agreement. The Credit Agreement is hereby amended
in the following respects:
     1.1 Defined Terms.
     (a) The following defined term is hereby added to Section 1.01:
     “Amendment No. 2 Effectiveness Date” means the date of Amendment No. 2 to
this Credit Agreement, being April 17, 2008.
     (b) The following defined term is hereby amended and restated in its
entirety to read as follows:
     “Consolidated Leverage Ratio” means the ratio of Consolidated Total Debt to
the sum of (a) Consolidated Total Capital plus (b) accumulated depreciation
determined on a consolidated basis in accordance with GAAP.
     1.2 Consolidated Tangible Net Worth. Subsection (f) of Section 6.16 is
hereby amended and restated in its entirety to read as follows:
     (f) Consolidated Tangible Net Worth. Permit Consolidated Tangible Net Worth
as of the end of any fiscal quarter to be less than the sum of (i) $520 million,
plus (ii) an amount equal to 85% of the net cash proceeds received from Equity
Transactions occurring after the Amendment No. 2 Effectiveness Date.

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     1.3 Schedules to Credit Agreement. Schedule 5.07 (Material Subsidiaries and
Specified Affiliates) and Schedule 5.12 (Indebtedness) to the Credit Agreement
are amended to read as Schedule 5.07 and Schedule 5.12 attached hereto,
respectively.
     2. Conditions Precedent. This Amendment shall be effective immediately upon
receipt by the Administrative Agent of each of the following:
     (a) counterparts of this Amendment duly executed by the Borrower, the
Administrative Agent and the Required Lenders; and
     (b) an amendment fee, for the benefit of each Lender consenting to this
Amendment, in an amount equal to eight basis points (0.08%) of the aggregate
Commitments of each such consenting Lender and all other fees due in connection
herewith, which fees shall be deemed fully earned on the Amendment No. 2
Effectiveness Date.
     3. Effectiveness of Amendment. Upon satisfaction of the condition precedent
set forth in Section 2 hereof, all references to the Credit Agreement in each of
the Credit Documents shall hereafter mean the Credit Agreement as amended by
this Amendment. Except as specifically amended hereby or otherwise agreed, the
Credit Agreement is hereby ratified and confirmed and shall remain in full force
and effect according to its terms.
     4. Representations and Warranties; Defaults. The Borrower affirms the
following:
     (a) all necessary action to authorize the execution, delivery and
performance of this Amendment has been taken;
     (b) after giving effect to this Amendment, the representations and
warranties set forth in the Credit Agreement and the other Credit Documents are
true and correct in all material respects as of the date hereof (except those
which expressly relate to an earlier period); and
     (c) after giving effect to this Amendment, no Default or Event of Default
shall exist.
     5. Full Force and Effect. Except as modified hereby, all of the terms and
provisions of the Credit Agreement and the other Credit Documents (including
schedules and exhibits thereto) shall remain in full force and effect.
     6. Expenses. The Borrower agrees to pay all reasonable costs and expenses
of the Administrative Agent in connection with the preparation, execution and
delivery of this Amendment, including the reasonable fees and expenses of Moore
& Van Allen, PLLC.
     7. Counterparts. This Amendment may be executed in any number of
counterparts, each of which when so executed and delivered shall be deemed an
original, and it shall not be necessary in making proof of this Amendment to
produce or account for more than one such counterpart.
     8. Governing Law. This Amendment shall be governed by, and construed in
accordance with, the law of the State of North Carolina applicable to agreements
made and to be performed entirety within such state; provided that the
Administrative Agent and each Lender shall retain all rights arising under
federal law.

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     IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of
this Amendment to be duly executed and delivered as of the date first above
written.

          BORROWER: HEALTHCARE REALTY TRUST
    INCORPORATED
      By:   /s/ Scott W. Holmes         Name:   Scott W. Holmes        Title:  
Executive Vice President and Chief Financial Officer     

HEALTHCARE REALTY TRUST INCORPORATED
AMENDMENT NO. 2

 

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          ADMINISTRATIVE AGENT: BANK OF AMERICA, N.A.,
as Administrative Agent
      By:   /s/ Jill Hogan         Name:   Jill Hogan        Title:   Vice
President     

HEALTHCARE REALTY TRUST INCORPORATED
AMENDMENT NO. 2

 

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          LENDERS: BANK OF AMERICA, N.A., as L/C Issuer, Swing Line
Lender and as a Lender
      By:   /s/ Jill Hogan         Name:   Jill Hogan        Title:   Vice
President     

HEALTHCARE REALTY TRUST INCORPORATED
AMENDMENT NO. 2

 

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            WACHOVIA BANK, NATIONAL ASSOCIATION
      By:   /s/ Cynthia A. Bean         Name:   Cynthia A. Bean        Title:  
Vice President     

HEALTHCARE REALTY TRUST INCORPORATED
AMENDMENT NO. 2

 

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            UBS LOAN FINANCE LLC
      By:   /s/ Irja R. Otsa         Name:   Irja R. Otsa        Title:  
Associate Director              By:   /s/ Mary E. Evans         Name:   Mary E.
Evans        Title:   Associate Director     

HEALTHCARE REALTY TRUST INCORPORATED
AMENDMENT NO. 2

 

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            CALYON NEW YORK BRANCH
      By:   /s/ Jonathan Rollins         Name:   Jonathan Rollins       
Title:   Director              By:   /s/ Priya Vrat         Name:   Priya Vrat 
      Title:   Director     

HEALTHCARE REALTY TRUST INCORPORATED
AMENDMENT NO. 2

 

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            LASALLE BANK NATIONAL ASSOCIATION
      By:   /s/ Jill Hogan         Name:   Jill Hogan        Title:   Vice
President     

HEALTHCARE REALTY TRUST INCORPORATED
AMENDMENT NO. 2

 

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            KEYBANK NATIONAL ASSOCIATION
      By:   /s/ Nicolas Caussade         Name:   Nicolas Caussade       
Title:   Vice President     

HEALTHCARE REALTY TRUST INCORPORATED
AMENDMENT NO. 2

 

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            SUNTRUST BANK
      By:   /s/ Helen C. Hartz         Name:   Helen C. Hartz        Title:  
Vice President     

HEALTHCARE REALTY TRUST INCORPORATED
AMENDMENT NO. 2

 

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            REGIONS BANK
      By:   /s/ Craig Gardella         Name:   Craig Gardella        Title:  
Senior Vice President     

HEALTHCARE REALTY TRUST INCORPORATED
AMENDMENT NO. 2

 

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            JPMORGAN CHASE BANK, NATIONAL
   ASSOCIATION
      By:   /s/ Vanessa Chiu         Name:   Vanessa Chiu        Title:   Vice
President     

HEALTHCARE REALTY TRUST INCORPORATED
AMENDMENT NO. 2

 

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            FIFTH THIRD BANK, N.A.
      By:   /s/ John Strimpolla         Name:   John Strimpolla        Title:  
Vice President     

HEALTHCARE REALTY TRUST INCORPORATED
AMENDMENT NO. 2

 

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            PINNACLE NATIONAL BANK
      By:   /s/ Todd Carter         Name:   Todd Carter        Title:   Senior
Vice President     

HEALTHCARE REALTY TRUST INCORPORATED
AMENDMENT NO. 2

 

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Schedule 5.07
MATERIAL SUBSIDIARIES AND SPECIFIED AFFILIATES
As of December 31, 2007:

          SUBSIDIARIES OF HEALTHCARE REALTY TRUST INCORPORATED ENTITY  
INCORPORATED   QUALIFIED
Healthcare Realty Services Incorporated — 1,000 shares of Common Stock, $.01 par
value, 100% owned by Borrower
  Alabama   Arizona
California
Colorado
Connecticut
District of Columbia
Florida
Georgia
Hawaii
Illinois
Kansas
Louisiana
Maryland
Michigan
Mississippi
Missouri
Nevada
Oklahoma
Pennsylvania
Tennessee
Texas
Virginia
Wyoming
 
       
HRT of Roanoke, Inc.
1,000 shares of Common Stock, $1.00 par value, 100% owned by Borrower
  Virginia    
 
       
Pennsylvania HRT, Inc.
1,000 shares of Common Stock, $.01 par value, 100% owned by Borrower
  Pennsylvania    
 
       
HR Acquisition I Corporation - 10 shares of Common Stock, $.01 par value, 100%
owned by Borrower
  Maryland   Alabama
Arizona
Arkansas
California
Connecticut
Florida
Georgia
Hawaii
Illinois
Michigan
Missouri
Mississippi
North Carolina
New Jersey
Nevada
Ohio
Oklahoma
South Carolina

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          SUBSIDIARIES OF HEALTHCARE REALTY TRUST INCORPORATED ENTITY  
INCORPORATED   QUALIFIED
 
      Tennessee
Virginia
Washington
Wyoming

 
       
HRT of Illinois, Inc.
1,000 shares of Common Stock, $1.00 par value, 100% owned by Borrower
  Delaware   Illinois
 
       
HRT of Tennessee, Inc.
1,000 shares of Common Stock, $.01 par value, 100% owned by Borrower
  Tennessee    
 
       
HRT of Alabama, Inc.
100,000 shares of Common Stock, $.01 par value, 100% owned by Borrower
  Alabama    
 
       
San Antonio SSP, Ltd.
(1% general partnership interest held by HR of San Antonio, Inc. and 24.3%
limited partnership interest held by HR Interests, Inc.)
  Texas    

[SCHEDULE 5.07 CONTINUES ON THE FOLLOWING PAGE]

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Schedule 5.07 (Continued)
Subsidiaries of HR Acquisition I Corporation (HRAIC)
Set forth below is a complete and accurate list of all of the Material
Subsidiaries of HRAIC, a 100% wholly owned Subsidiary of the Borrower.

          SUBSIDIARIES OF HR Acquisition I Corporation (HRAIC) ENTITY  
INCORPORATED   QUALIFIED
HR Acquisition of Pennsylvania, Inc.
1,000 shares of Common Stock, $.01 par value, 100% owned by HRAIC
  Pennsylvania    
 
       
HR of Los Angeles, Ltd.
(66.67% interest owned by HRAIC)
  Alabama   California
 
       
HR of Las Vegas, Ltd.
(99% interest owned by HRAIC)
  Alabama   Texas
Nevada
 
       
HR Acquisition of San Antonio, Ltd.
(99% interest owned by HRAIC)
  Alabama   Texas
 
       
HRT Properties of Texas, Ltd.
(99% interest owned by HRAIC)
  Texas    
 
       
HR of Sarasota, Ltd. (99% interest owned by HRAIC)
  Alabama   Florida

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Schedule 5.12
INDEBTEDNESS
Other than as set forth below, there is no material Debt of the Borrower and its
Material Subsidiaries outstanding as of the date indicated.

                         As of December 31, 2005      As of February 29, 2008
Senior Notes due 2014
  $ 300,000,000     $ 300,000,000    
Senior Notes due 2011
  $ 300,000,000     $ 300,000,000    
Senior Notes due 2006
  $ 29,400,000       -0-    
$300 million Line of Credit due 2006
  $ 73,000,000     $ 132,000,000    
Mortgage Notes payable with various Maturities
  $ 70,709,000     $ 48,848,251  
 
           
 
               
 
  $ 773,109,000     $ 780,848,251  
 
           

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