Exhibit 10.1

 

THIRD AMENDMENT TO REVOLVING CREDIT AGREEMENT

This THIRD AMENDMENT TO REVOLVING CREDIT AGREEMENT (this “Agreement”), dated as
of June 30, 2017 (the “Effective Date”) by and among, HIGHLAND CAPITAL
MANAGEMENT L.P., a Delaware limited partnership, NEXPOINT MULTIFAMILY OPERATING
PARTNERSHIP, L.P., a Delaware limited partnership, such parties being referred
to individually as a “Borrower” and collectively as the “Borrowers”), the banks
and financial institutions listed on the signature pages hereof as Lenders, and
KEYBANK NATIONAL ASSOCIATION, as administrative agent (in such capacity, the
“Administrative Agent”) for the Lenders.  

RECITALS

WHEREAS, the Borrowers, the Lenders party thereto and the Administrative Agent
entered into that certain Revolving Credit Agreement dated as of April 7, 2016,
as amended by a First Amendment to Revolving Credit Agreement dated as of August
19, 2016, as amended by a Second Amendment to Revolving Credit Agreement dated
as of April 7, 2017 (as further amended, restated, extended, supplemented or
otherwise modified in writing prior to the date hereof, the “Credit Agreement”;
unless otherwise defined herein, capitalized terms shall have the meanings
provided in the Credit Agreement);

WHEREAS, the Borrowers, the Administrative Agent and the Lenders desire to amend
the Credit Agreement in order to, among other things extend the Maturity Date to
October 2, 2017; and

NOW, THEREFORE, IN CONSIDERATION of the premises and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:

AGREEMENT

1.Effective as of the Effective Date, the definition of “Maturity Date” in
Article 1 of the Credit Agreement is hereby deleted in its entirety and shall be
replaced by the following:

“Maturity Date” means October 2, 2017.

2.From and after the date of this Agreement, all references in the Loan
Documents to the Credit Agreement shall be deemed to be references to the Credit
Agreement after giving effect to this Agreement, and each reference to “hereof,”
“hereunder,” “herein” or “hereby” and each other similar reference and each
reference to “this Agreement” and each other similar reference contained in the
Credit Agreement shall from and after the date hereof refer to the Credit
Agreement after giving effect to this Agreement.

3.Each Borrower hereby represents and warrants that (1) it has the limited
partnership power and authority, and has taken all limited partnership action
necessary, to execute and deliver this Agreement and to consummate the
transactions contemplated hereby, (2) as of the Effective Date, the
representations and warranties of each Credit Party contained in Article 3 of
the Credit Agreement shall be true and correct in all material respects, with
the same force and effect as if

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made on and as of such date; except to the extent that such representations and
warranties specifically refer to any earlier date, in which case they shall be
true and correct in all material respects as of such earlier date, and (3) as of
the Effective Date, no Event of Default or Default has occurred and is
continuing.

4.This Agreement shall become effective as of the date first written above upon
the Administrative Agent’s receipt of counterparts to this Agreement, duly
executed and delivered, by the Borrowers, the Lenders party hereto, and the
Administrative Agent.

5.This Agreement may be executed in any number of counterparts (and by different
parties hereto in different counterparts), each of which shall constitute an
original, but all of which when taken together shall constitute one
contract.  Delivery of an executed counterpart of this Agreement by telecopy or
other electronic imaging means shall be effective as delivery of a manually
executed counterpart of this Agreement.

6.This Agreement shall be governed by and construed in accordance with the laws
of the State of New York.

7.THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS CONSTITUTE THE ENTIRE CONTRACT
AMONG THE PARTIES RELATING TO THE SUBJECT MATTER HEREOF AND SUPERSEDE ANY AND
ALL PREVIOUS AGREEMENTS AND UNDERSTANDINGS, ORAL OR WRITTEN, RELATING TO THE
SUBJECT MATTER HEREOF.

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IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be
executed by a duly authorized officer as of the date first above written.

BORROWER:

 

HIGHLAND CAPITAL MANAGEMENT L.P., a Delaware limited partnership

 

By: Strand Advisors, Inc., its General Partner

 

 

By: /s/ James Dondero
Name:  James Dondero
Title: President

 

NEXPOINT MULTIFAMILY OPERATING PARTNERSHIP, L.P., a Delaware limited partnership

 

By: NexPoint Multifamily Capital Trust, Inc., its General Partner

 

 

By: /s/ Matt McGraner
Name:  Matt McGraner
Title: COO/EVP – Investments

 

 

 

 

Accepted and Agreed:

 

GUARANTORS:

 

By: /s/ Harry Bookey

Name:Harry Bookey

 

By: /s/ Pamela Bookey

Name:Pamela Bookey

 

 

NexPoint Multifamily Capital Trust, Inc.,

a Maryland corporation

 

 

By: /s/ Matt McGraner

Name:Matt McGraner

Title:COO/EVP – Investments

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Accepted and Agreed:

 

ADMINISTRATIVE AGENT:

KEYBANK, NATIONAL ASSOCIATION,

as Administrative Agent,

 

 

By:/s/ Christopher T. Neil

Name:Christopher T. Neil

Title:Senior Relationship Manager  

 

 

LENDER:

 

KEYBANK, NATIONAL ASSOCIATION

 

 

By:/s/ Christopher T. Neil

Name:Christopher T. Neil

Title:Senior Relationship Manager  

 

 

 

 

 

 

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