Exhibit 10.1

 

AMENDMENT NO. 2 TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”)
dated as of April 11, 2011, by and among SL GREEN OPERATING PARTNERSHIP, L.P., a
limited partnership formed under the laws of the State of Delaware (the
“Borrower”), SL GREEN REALTY CORP., a corporation formed under the laws of the
State of Maryland (the “Parent”), WELLS FARGO BANK, NATIONAL ASSOCIATION
(successor-by-merger to Wachovia Bank, National Association), as Agent (the
“Agent”), Wells Fargo Securities, LLC and Banc of America Securities, LLC, each
as Joint Lead Arrangers for purposes of this Amendment (the “Joint Lead
Arrangers”), and each of the financial institutions signatory hereto (the
“Required Lenders”).

 

WHEREAS, the Requisite Lenders and certain other financial institutions (who
were “Lenders” under the Existing Credit Agreement) made available to the
Borrower a revolving credit facility, including a letter of credit subfacility
and a swingline subfacility, on the terms and conditions contained in that
certain Amended and Restated Credit Agreement dated as of June 28, 2007 (as
amended and in effect immediately prior to the date hereof, the “Existing Credit
Agreement”; and, as amended by this Amendment, the “Credit Agreement”) by and
among the Borrower, the Parent, such Lenders, certain other financial
institutions, the Agent and the other parties thereto;

 

WHEREAS, the Parent and the Borrower desire to make certain Restricted Payments
relating to the preferred stock of the Parent, including, without limitation,
the repurchase or redemption of issued and outstanding preferred stock of the
Parent;

 

WHEREAS, the Borrower desires to be permitted to make distributions to the
Parent for the purpose of making such Restricted Payments; and

 

WHEREAS, the Borrower, the Agent and the Required Lenders desire to amend
certain terms of the Existing Credit Agreement on the terms and conditions
contained herein;

 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged by the parties hereto, the parties hereto agree
that the Existing Credit Agreement and the other Loan Documents are hereby
amended as follows:

 

1.                                       Definitions.

 

(a)                                  Defined Terms.  Capitalized terms used in
this Amendment and not defined herein shall have the meanings provided in the
Existing Credit Agreement.

 

(b)                                 Second Amendment.  The following definition
is hereby added to Section 1.1 of the Existing Credit Agreement in appropriate
alphabetical order:

 

“Second Amendment” means that certain Amendment No. 2 to Amended and Restated
Credit Agreement, dated as of April 11, 2011, which amends this Agreement.”

 

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2.                                       Restricted Payments.

 

(a)                                  Section 9.2(e) of the Existing Credit
Agreement is hereby amended by deleting the word “and” at the end of such
Section.

 

(b)                                 Section 9.2(f) of the Existing Credit
Agreement is hereby amended by replacing the period at the end of such
Section with “; and”, and by adding the following as clause (g):

 

(g) the Parent or the Borrower may (and the Borrower may make distributions to
the Parent in order to permit Parent to) purchase, redeem, convert, exchange, or
otherwise acquire for value, directly or indirectly, the issued and outstanding
preferred stock of the Parent.

 

3.                                       Conditions Precedent.  The
effectiveness of this Amendment is subject to receipt by the Agent of each of
the following or satisfaction (or waiver by the Requisite Lenders) of each of
the following, each in form and substance satisfactory to the Agent:

 

(a)                                  A counterpart of this Amendment duly
executed by the Borrower and each of the Requisite Lenders;

 

(b)                                 A Guarantor Acknowledgement duly executed by
each Guarantor in the form attached hereto as Exhibit A; and

 

(c)                                  Evidence that all fees and expenses payable
to the Joint Lead Arrangers and the Lenders in connection with this Amendment
have been paid.

 

4.                                       Representations.  Each of the Borrower
and the Parent represents and warrants to the Agent and the Lenders that:

 

(a)                                  Authorization.  Each of the Borrower and
the Parent has the right and power, and has taken all necessary action to
authorize it, to execute and deliver this Amendment and to perform its
obligations hereunder and under the Credit Agreement in accordance with their
respective terms.  This Amendment has been duly executed and delivered by a duly
authorized officer of each of the Borrower and the Parent and each of this
Amendment and the Credit Agreement is a legal, valid and binding obligation of
the Borrower and the Parent enforceable against each of them in accordance with
its respective terms except as (i) the enforceability thereof may be limited by
bankruptcy, insolvency or similar laws affecting creditors rights generally and
(ii) the availability of equitable remedies may be limited by equitable
principles of general applicability.

 

(b)                                 Compliance with Laws, etc.  The execution
and delivery by each of the Borrower and the Parent of this Amendment and the
performance by each of the Borrower and the Parent of their obligations under
this Amendment and the Credit Agreement in accordance with their respective
terms, do not and will not, by the passage of time, the giving of notice or
otherwise:  (i) require any Government Approvals or violate any Applicable Laws
(including Environmental Laws) relating to the Borrower, the Parent or any other
Loan Party; (ii) conflict with, result in a breach of or constitute a default
under the organizational documents of

 

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the Borrower, the Parent or any other Loan Party, or any indenture, agreement or
other instrument to which the Borrower or any other Loan Party is a party or by
which it or any of its respective properties may be bound; and (iii) result in
or require the creation or imposition of any Lien upon or with respect to any
property now owned or hereafter acquired by the Borrower, the Parent or any
other Loan Party.

 

(c)                                  No Default.  No Default or Event of Default
has occurred and is continuing as of the date hereof or will exist immediately
after giving effect to this Amendment.

 

5.                                       Reaffirmation of Representations by
Borrower and Parent.  Each of the Borrower and the Parent hereby represents and
warrants that the representations and warranties made by each of the Borrower
and the Parent to the Agent and the Lenders in the Credit Agreement and the
other Loan Documents to which it is a party are true and correct in all material
respects on and as of the date hereof to the same extent as though made on and
as of such date, except to the extent that such representations and warranties
specifically relate to an earlier date.

 

6.                                       Document References.  All references to
(i) the “Credit Agreement” in each Loan Document shall be deemed to be a
reference to the Existing Credit Agreement as amended by this Amendment; and
(ii) any of the Loan Documents referenced in any other Loan Document shall be
deemed to be a reference to such Loan Document as amended by the terms of this
Amendment.

 

7.                                       Full Force and Effect.  Except as
amended by this Amendment, the Existing Credit Agreement and each of the other
Loan Documents shall continue to remain in full force and effect.  The
amendments contained herein shall be deemed to have prospective application
only, unless otherwise specifically stated herein.

 

8.                                       Headings.  Each of the captions
contained in this Amendment are for the convenience of reference only and shall
not define or limit the provisions hereof.

 

9.                                       Governing Law.  THE PROVISIONS OF THIS
AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND PERFORMED IN SUCH STATE,
DETERMINED WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS, AND ANY APPLICABLE
LAW OF THE UNITED STATES.

 

10.                                 Counterparts.  This Amendment may be
executed in one or more counterparts, each of which shall constitute an original
and all of which when taken together shall constitute one binding agreement.

 

11.                                Severability.  The provisions of this
Amendment are severable, and if any one clause or provision hereof shall be held
invalid or unenforceable in whole or in part, then such invalidity or
unenforceability shall affect only such clause or provision, or part thereof,
and not any other clause or provision of this Amendment.

 

3

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12.                                 Expenses.  The Borrower shall reimburse the
Agent for all reasonable costs and expenses (including reasonable attorneys’
fees) incurred by the Agent in connection with the preparation, negotiation and
execution of this Amendment and the other agreements and documents executed and
delivered in connection herewith.

 

13.                                 Benefits.  This Amendment shall be binding
upon and shall inure to the benefit of the parties hereto, the Unrestricted
Subsidiary, and each of their respective successors and permitted assigns.

 

[Signature Pages Follow]

 

4

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 2 to
Amended and Restated Credit Agreement to be executed and delivered by their
authorized officers all as of the day and year first above written

 

 

 

 

SL GREEN OPERATING PARTNERSHIP, L.P.

 

 

 

 

 

 

 

 

 

 

By:

/s/ Andrew S. Levine

 

 

 

Name: Andrew S. Levine

 

 

 

Title: Executive Vice President

 

 

 

 

 

 

 

 

 

 

SL GREEN REALTY CORP.

 

 

 

 

 

 

 

 

 

 

By:

/s/ Andrew S. Levine

 

 

 

Name: Andrew S. Levine

 

 

 

Title: Executive Vice President

 

 

[Signatures Continued on Next Page]

 

5

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[Signature Page to Amendment No. 2 to Amended Credit Agreement
with SL Green Operating Partnership, L.P.]

 

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION,

 

successor by merger to Wachovia Bank, National

 

Association, as Agent and as a Lender

 

 

 

 

 

 

 

By:

/s/ Jan LaChapelle

 

 

Name: Jan LaChapelle

 

 

Title: Vice President

 

6

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[Signature Page to Amendment No. 2 to Amended Credit Agreement
with SL Green Operating Partnership, L.P.]

 

 

 

BANK OF AMERICA, N.A.

 

 

 

 

 

By:

/s/ Ann E. Superfisky

 

 

Name: Ann E. Superfisky

 

 

Title: Vice President

 

7

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[Signature Page to Amendment No. 2 to Amended Credit Agreement
with SL Green Operating Partnership, L.P.]

 

 

 

ING REAL ESTATE FINANCE (USA) LLC

 

 

 

 

 

By:

/s/ Michael E. Shields

 

 

Name: Michael E. Shields

 

 

Title: Managing Director

 

 

 

 

 

By:

/s/ Elizabeth M. Whitworth

 

 

Name: Elizabeth M. Whitworth

 

 

Title: Vice President

 

8

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[Signature Page to Amendment No. 2 to Amended Credit Agreement
with SL Green Operating Partnership, L.P.]

 

 

 

The Bank of Nova Scotia

 

 

 

 

 

By:

/s/ Jon Burckin

 

 

Name: Jon Burckin

 

 

Title: Managing Director

 

9

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[Signature Page to Amendment No. 2 to Amended Credit Agreement
with SL Green Operating Partnership, L.P.]

 

 

 

 

SCOTIABANC INC.

 

 

 

 

By:

/s/ J.F. Todd

 

 

Name: J.F. Todd

 

 

Title: Managing Director

 

10

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[Signature Page to Amendment No. 2 to Amended Credit Agreement
with SL Green Operating Partnership, L.P.]

 

 

 

Deutsche Bank Trust Company Americas

 

 

 

 

 

By:

/s/ George R. Reynolds

 

 

Name: George R. Reynolds

 

 

Title:  Director

 

 

 

 

 

By:

/s/ James Rolison

 

 

Name: James Rolison

 

 

Title: Managing Director

 

11

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[Signature Page to Amendment No. 2 to Amended Credit Agreement
with SL Green Operating Partnership, L.P.]

 

 

 

JPMorgan Chase Bank, National Association

 

 

 

 

 

By:

/s/ Mohammad S. Hasan

 

 

Name: Mohammad S. Hasan

 

 

Title: Vice President

 

12

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[Signature Page to Amendment No. 2 to Amended Credit Agreement
with SL Green Operating Partnership, L.P.]

 

 

 

LANDESBANK HESSEN-THÜRINGEN GIROZENTRALE

 

 

 

 

 

By:

/s/ Robert W. Becker

 

 

Name: Robert W. Becker

 

 

Title:  Senior Vice President, Real Estate Finance

 

 

 

 

 

By:

/s/ Gianna Giola

 

 

Name: Gianna Giola

 

 

Title: Assistant Vice President, Real Estate Finance

 

13

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[Signature Page to Amendment No. 2 to Amended Credit Agreement
with SL Green Operating Partnership, L.P.]

 

 

 

MORGAN STANLEY BANK, N.A.,

 

 

 

 

 

By:

/s/ Nick Zangari

 

 

Name: Nick Zangari

 

 

Title: Authorized Signatory

 

14

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[Signature Page to Amendment No. 2 to Amended Credit Agreement
with SL Green Operating Partnership, L.P.]

 

 

 

CITICORP NORTH AMERICA, INC.

 

 

 

 

 

By:

/s/ John Rowland

 

 

Name: John Rowland

 

 

Title: Director

 

15

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[Signature Page to Amendment No. 2 to Amended Credit Agreement
with SL Green Operating Partnership, L.P.]

 

 

 

BNP Paribas

 

 

 

 

 

By:

/s/ Kandice Gu

 

 

Name: Kandice Gu

 

 

Title: Vice President

 

 

 

 

By:

/s/ Rachel Lanava

 

 

Name: Rachel Lanava

 

 

Title: Director, Merchant Banking Group

 

16

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[Signature Page to Amendment No. 2 to Amended Credit Agreement
with SL Green Operating Partnership, L.P.]

 

 

 

NATIXIS, New York Branch

 

 

 

 

 

By:

/s/ Zineb Bouazzaoui

 

 

Name: Zineb Bouazzaoui

 

 

Title: Vice President

 

 

 

 

By:

/s/ Marie-Edith Dugény

 

 

Name: Marie-Edith Dugény

 

 

Title: Managing Director

 

17

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[Signature Page to Amendment No. 2 to Amended Credit Agreement
with SL Green Operating Partnership, L.P.]

 

 

 

PNC BANK, N.A.

 

 

 

 

 

By:

/s/ Brian P. Kelly

 

 

Name: Brian P. Kelly

 

 

Title: Vice President

 

18

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[Signature Page to Amendment No. 2 to Amended Credit Agreement
with SL Green Operating Partnership, L.P.]

 

 

 

Union Bank, N.A.

 

 

 

 

 

By:

/s/ Michael Vasto

 

 

Name: Michael Vasto

 

 

Title: Loan Officer

 

19

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[Signature Page to Amendment No. 2 to Amended Credit Agreement
with SL Green Operating Partnership, L.P.]

 

 

 

The Bank of Tokyo-Mitsubishi UFJ, Ltd.

 

 

 

 

 

By:

/s/ John T. Feeney

 

 

Name: John T. Feeney

 

 

Title: Director

 

20

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[Signature Page to Amendment No. 2 to Amended Credit Agreement
with SL Green Operating Partnership, L.P.]

 

 

 

CHANG HWA COMMERCIAL BANK, LTD., NEW YORK BRANCH

 

 

 

 

 

By:

/s/ Eric Y.S. Tsai

 

 

Name: Eric Y.S. Tsai

 

 

Title: Vice President & General Manager

 

21

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[Signature Page to Amendment No. 2 to Amended Credit Agreement
with SL Green Operating Partnership, L.P.]

 

 

 

Emigrant Realty Finance

 

 

 

 

 

By:

/s/ Russell T Wyman

 

 

Name: Russell T Wyman

 

 

Title: Managing Director

 

22

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[Signature Page to Amendment No. 2 to Amended Credit Agreement
with SL Green Operating Partnership, L.P.]

 

 

 

Mega International Commercial Bank Co. Ltd.

 

New York Branch

 

 

 

By:

/s/ Luke Hwang

 

 

Name: Luke Hwang

 

 

Title: VP & DGM

 

23

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[Signature Page to Amendment No. 2 to Amended Credit Agreement
with SL Green Operating Partnership, L.P.]

 

 

 

Bank of Taiwan, New York Agency

 

 

 

 

 

By:

/s/ Thomas K. C Wu

 

 

Name: Thomas K. C Wu

 

 

Title: General Manager

 

24

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[Signature Page to Amendment No. 2 to Amended Credit Agreement
with SL Green Operating Partnership, L.P.]

 

 

 

NORTHERN TRUST BANK

 

 

 

 

 

By:

/s/ Blake J. Lunt

 

 

Name: Blake J. Lunt

 

 

Title: Second Vice President

 

25

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[Signature Page to Amendment No. 2 to Amended Credit Agreement
with SL Green Operating Partnership, L.P.]

 

 

 

HUA NAN COMMERCIAL BANK, LTD.

 

 

 

 

 

By:

/s/ Henry Hsieh

 

 

Name: Henry Hsieh

 

 

Title: Assistant Vice President

 

26

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[Signature Page to Amendment No. 2 to Amended Credit Agreement
with SL Green Operating Partnership, L.P.]

 

 

 

E.Sun Commercial Bank, Ltd., Los Angeles Branch

 

 

 

 

 

By:

/s/ Edward Chen

 

 

Name: Edward Chen

 

 

Title: VP & GM

 

27

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EXHIBIT A

 

FORM OF GUARANTOR ACKNOWLEDGEMENT

 

THIS GUARANTOR ACKNOWLEDGEMENT dated as of April 11, 2011 (this
“Acknowledgment”) executed by each of the undersigned (the “Guarantors”) in
favor of Wells Fargo Bank, National Association (successor-by-merger to Wachovia
Bank, National Association), in its capacity as administrative agent (the
“Administrative Agent”) for the “Lenders” (described below).

 

WHEREAS, SL Green Operating Partnership, L.P. (the “Borrower”) and SL Green
Realty Corp. (the “Parent”), the Administrative Agent and the Lenders party
thereto (the “Lenders”) have entered into that certain Amended and Restated
Credit Agreement dated as of June 28, 2007 (as amended, restated, supplemented
or otherwise modified from time to time, the “Credit Agreement”; capitalized
terms used herein and not defined herein have the meanings given such terms in
the Credit Agreement);

 

WHEREAS, each of the Guarantors is a party to that certain Amended and Restated
Guaranty dated as of June 28, 2007 (as amended, restated, supplemented or
otherwise modified from time to time, the “Guaranty”) pursuant to which the
Guarantors guarantied, among other things, the Borrower’s Obligations under the
Credit Agreement on the terms and conditions contained in the Guaranty;

 

WHEREAS, the Borrower, the Parent, the Administrative Agent and the Required
Lenders are to enter into an Amendment No. 2 to Amended and Restated Credit
Agreement dated as of the date hereof (the “Amendment”), to amend the terms of
the Credit Agreement on the terms and conditions contained therein; and

 

WHEREAS, it is a condition precedent to the effectiveness of the Amendment that
the Guarantors execute and deliver this Acknowledgment;

 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged by the parties hereto, the parties hereto agree
as follows:

 

Section 1.  Reaffirmation.  Each Guarantor hereby reaffirms its continuing
guaranty of the “Guarantied Obligations” (as defined in the Guaranty) and agrees
that the transactions contemplated by the Amendment shall not in any way affect
the validity and enforceability of the Guaranty, or reduce, impair or discharge
the Guarantied Obligations or the obligations of such Guarantor under the
Guaranty.

 

Section 2.  Governing Law.  THE PROVISIONS OF THIS ACKNOWLEDGEMENT SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK
APPLICABLE TO CONTRACTS MADE AND PERFORMED IN SUCH STATE, DETERMINED WITHOUT
REGARD TO PRINCIPLES OF CONFLICTS OF LAWS, AND ANY APPLICABLE LAW OF THE UNITED
STATES.

 

28

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Section 3.  Counterparts.  This Acknowledgement may be executed in any number of
counterparts, each of which shall be deemed to be an original and shall be
binding upon all parties, their successors and assigns.

 

29

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IN WITNESS WHEREOF, each Guarantor has duly executed and delivered this
Guarantor Acknowledgement as of the date and year first written above.

 

 

SL Green Realty Corp.

 

SL Green Management LLC

 

SLG IRP Realty, LLC

 

Green 292 Madison LLC

 

Green 1372 Broadway LLC

 

Green 440 Ninth LLC

 

Green 470 PAS LLC

 

Green 317 Madison LLC

 

Green W. 57th St., LLC

 

Green 461 Fifth Lessee LLC

 

Green 28 W 44 LLC

 

Green 19W44 Owner LLC

 

Green 19W44 Member LLC

 

Green 19W44 JV LLC

 

Green 19W44 Mezz LLC

 

750 Third Owner LLC

 

SLG 609 Funding LLC

 

SL Green 11 Madison Funding LLC

 

SL Green 530 Funding LLC

 

SLG Gale PE LLC

 

SLG 17 Battery Funding LLC

 

601 Starrett Preferred Investor LLC

 

SLG 125 Chubb Funding LLC

 

Green LNR Debt LLC

 

180 Madison Preferred Member LLC

 

 

 

 

 

 

By:

/s/ Andrew S. Levine

 

 

 

Name: Andrew S. Levine

 

 

 

Title: Executive Vice President

 

 

[Signatures continued on next page]

 

30

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[Signature Page to Guarantor Acknowledgement]

 

 

 

SLG 1370 Funding LLC

 

SLG 450 Lex LLC

 

SLG 800 Third Funding LLC

 

SLG 717 Fifth Funding LLC

 

SLG 145 West Street Funding LLC

 

SLG 720 Fifth Funding LLC

 

SLG Cooper Stuy Funding LLC

 

Reckson Operating Partnership, L.P.

 

1055 Washington Boulevard LLC

 

SLG RSVP Funding LLC

 

1350 LLC

 

SLG 1185/810 Funding LLC

 

Green 1166 Funding LLC

 

SLG 331/48 Funding LLC

 

SLG 333/1010 Funding LLC

 

SL Green Funding LLC

 

Green Hill Acquisition LLC

 

Green 1221 Interest Owner LLC

 

SLG 1185 Sixth A LLC

 

SLG 810 Seventh A LLC

 

SLG 810 Seventh B LLC

 

SLG 810 Seventh E LLC

 

SLG 5 Times Square Funding LLC

 

SLG Puck Funding LLC

 

 

 

 

 

 

 

 

By:

/s/ Andrew S. Levine

 

 

 

Name: Andrew S. Levine

 

 

 

Title: Executive Vice President

 

31

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