Exhibit 10.5

 

EXECUTION COPY

 

FIRST AMENDMENT TO THE $450 MILLION TERM LOAN FACILITY CREDIT AGREEMENT

 

This FIRST AMENDMENT TO THE $450 MILLION TERM LOAN FACILITY CREDIT AGREEMENT
(this “First Amendment”) is made and dated as of the 20th day of July, 2006, by
and among THE MACERICH PARTNERSHIP, L.P., a limited partnership organized under
the laws of the state of Delaware (“Macerich Partnership”), AS BORROWER; THE
MACERICH COMPANY, a Maryland corporation (“MAC”); MACERICH WRLP II CORP., a
Delaware corporation (“Macerich WRLP II Corp.”); MACERICH WRLP II LP, a Delaware
limited partnership (“Macerich WRLP II LP”); MACERICH WRLP CORP., a Delaware
corporation (“Macerich WRLP Corp.”); MACERICH WRLP LLC, a Delaware limited
liability company (“Macerich WRLP LLC”); MACERICH TWC II CORP., a Delaware
corporation (“Macerich TWC Corp.”); MACERICH TWC II LLC, a Delaware limited
liability company (“Macerich TWC LLC”); MACERICH WALLEYE LLC, a Delaware limited
liability company (“Macerich Walleye LLC”); IMI WALLEYE LLC, a Delaware limited
liability company (“IMI Walleye LLC”); and WALLEYE RETAIL INVESTMENTS LLC, a
Delaware limited liability company (“Walleye Investments LLC”), AS GUARANTORS;
THE LENDERS FROM TIME TO TIME PARTY HERETO (collectively and severally, the
“Lenders”); and DEUTSCHE BANK TRUST COMPANY AMERICAS, a New York banking
corporation, as administrative agent for the Lenders (in such capacity, the
“Administrative Agent” or “DBTCA”) and as collateral agent for the Benefited
Creditors.

 

RECITALS

 

A.            Pursuant to that certain Credit Agreement, dated as of April 25,
2005, as amended or otherwise modified to date (the “Credit Agreement”), by and
among the Borrower, MAC, the lenders from time to time party thereto (the
“Existing Lenders”), and the Administrative Agent, the Existing Lenders have
made a term loan to the Borrower in the principal amount of $450,000,000.
Initially capitalized terms used herein and not otherwise defined have the
respective meanings given to such terms in the Credit Agreement.

 

B.            The Borrower has requested that certain modifications to the
Credit Agreement as more fully set forth herein.

 

C.            The Lenders party hereto and the Borrower have agreed to amend the
Credit Agreement and DBTCA has agreed to act as administrative agent on behalf
of the Lenders and as collateral agent on behalf of the Benefited Creditors on
the terms and subject to the conditions set forth herein and in the other Loan
Documents.

 

NOW, THEREFORE, in consideration of the foregoing Recitals and for other good
and valuable consideration, the receipt and adequacy of which are hereby
acknowledged, the parties hereto hereby agree as follows:

 

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AGREEMENT

 

1.             (I)  AMENDMENT TO ANNEX I OF THE LOAN AGREEMENT. EFFECTIVE AS OF
THE DATE HEREOF, ANNEX I OF THE LOAN AGREEMENT IS HEREBY AMENDED AS FOLLOWS:

 

(A)           THE DEFINITION OF “DISPOSITION PROMISSORY NOTE” IS HEREBY DELETED
IN ITS ENTIRETY.

 

(B)           THE DEFINITION OF “DISTRIBUTION” IS HEREBY AMENDED IN ITS ENTIRETY
TO READ AS FOLLOWS:

 

“DISTRIBUTION” SHALL MEAN WITH RESPECT TO MAC, MACERICH PARTNERSHIP OR, PRIOR TO
THE WILMORITE RELEASE DATE, MACWH: (I) ANY DISTRIBUTION OF CASH OR CASH
EQUIVALENT, DIRECTLY OR INDIRECTLY, TO THE PARTNERS OR HOLDERS OF CAPITAL STOCK
OF SUCH PERSONS, OR ANY OTHER DISTRIBUTION ON OR IN RESPECT OF ANY PARTNERSHIP,
COMPANY OR EQUITY INTERESTS OF SUCH PERSONS; AND (II) THE DECLARATION OR PAYMENT
OF ANY DIVIDEND ON OR IN RESPECT OF ANY SHARES OF ANY CLASS OF CAPITAL STOCK OF
SUCH PERSONS, OTHER THAN: (1) DIVIDENDS PAYABLE SOLELY IN SHARES OF COMMON STOCK
BY MAC; OR (2) THE PURCHASE, REDEMPTION, EXCHANGE, OR OTHER RETIREMENT OF ANY
SHARES OF ANY CLASS OF CAPITAL STOCK OF SUCH PERSONS, DIRECTLY OR INDIRECTLY
THROUGH A SUBSIDIARY OF MAC OR OTHERWISE, (A) TO THE EXTENT SUCH PURCHASE,
REDEMPTION, EXCHANGE, OR OTHER RETIREMENT OCCURS IN EXCHANGE FOR THE ISSUANCE OF
CAPITAL STOCK OF MAC OR MACERICH PARTNERSHIP OR (B) WITH RESPECT TO MACWH, TO
THE EXTENT SUCH PURCHASE, REDEMPTION, OR OTHER RETIREMENT OCCURS IN EXCHANGE FOR
THE ISSUANCE OF CAPITAL STOCK OF MACWH, MAC OR MACERICH PARTNERSHIP IN
ACCORDANCE WITH THE PROVISIONS OF THE MACWH PARTNERSHIP AGREEMENT.

 

(C)           THE DEFINITION OF “EXISTING REVOLVING CREDIT AGREEMENT” IS HEREBY
AMENDED IN ITS ENTIRETY TO READ AS FOLLOWS:

 

“EXISTING REVOLVING CREDIT AGREEMENT” SHALL MEAN THAT CERTAIN CREDIT AGREEMENT
EVIDENCING THE EXISTING REVOLVING CREDIT FACILITY, AMENDED AND RESTATED AS OF
APRIL 25, 2005, AND AS MODIFIED CONCURRENTLY HEREWITH, BY AND AMONG THE
BORROWER, AS BORROWER, MAC AND THE OTHER GUARANTORS SIGNATORY THERETO, THE
LENDERS SIGNATORY THERETO AND DBTCA, AS ADMINISTRATIVE AGENT AND COLLATERAL
AGENT.

 

(D)           THE DEFINITION OF “EXISTING REVOLVING CREDIT FACILITY” IS HEREBY
AMENDED IN ITS ENTIRETY TO READ AS FOLLOWS:

 

“EXISTING REVOLVING CREDIT FACILITY” SHALL MEAN THAT CERTAIN CREDIT FACILITY
EVIDENCED BY THE EXISTING REVOLVING CREDIT AGREEMENT, WHICH PROVIDES FOR THE
FUNDING OF CERTAIN REVOLVING LOANS AND THE

 

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ISSUANCE OF LETTERS OF CREDIT TO, AND ON BEHALF OF, MACERICH PARTNERSHIP IN THE
AGGREGATE COMMITTED AMOUNT OF, AS OF THE DATE HEREOF, $1,500,000,000 AT ANY ONE
TIME OUTSTANDING.

 

(e)           The definition of “Fixed Charges” is hereby amended in its
entirety to read as follows:

 

“Fixed Charges” shall mean, for any period, solely with respect to the
Consolidated Entities, the sum of the amounts for such period of (i) scheduled
payments of principal of Indebtedness of the Consolidated Entities (other than
any Bullet Payment, including any Bullet Payment under the Interim Loan or Term
Loan), (ii) the Consolidated Entities’ pro rata share of scheduled payments of
principal of Indebtedness of Joint Ventures (other than any Bullet Payment) that
does not otherwise constitute Indebtedness of and is not otherwise recourse to
the Consolidated Entities or their assets, (iii) Interest Expense, (iv) payments
of dividends in respect of Disqualified Capital Stock; and (v) to the extent not
otherwise included in Interest Expense, dividends and other distributions paid
during such period by the Borrower or MAC with respect to preferred stock or
preferred operating units (excluding distributions on convertible preferred
units of MACWH in accordance with the MACWH Partnership Agreement). For purposes
of clauses (ii) and (v), the Consolidated Entities’ pro rata share of payments
by any Joint Venture shall be deemed equal to the product of (a) the payments
made by such Joint Venture, multiplied by (b) the percentage of the total
outstanding Capital Stock of such Person held by any Consolidated Entity,
expressed as a decimal.

 

(f)            The definition of “Gross Asset Value” is hereby amended in its
entirety to read as follows:

 

“Gross Asset Value” shall mean, at any time, solely with respect to the
Consolidated Entities, the sum of (without duplication):

 

(i) for Retail Properties that are Wholly-Owned the sum of, for each such
property, (a) such property’s Property NOI for the Measuring Period, divided by
(b) (1) 6.75% (expressed as a decimal), in the case of regional Retail
Properties or (2) 8.25% (expressed as a decimal) in the case of Retail
Properties that are not regional Retail Properties; plus

 

(ii) for Retail Properties that are not Wholly-Owned, the sum of, for each such
property, (a) the Gross Asset Value of each such Retail Property at such time,
as calculated pursuant to the

 

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foregoing clause (i), multiplied by (b) the percentage of the total outstanding
Capital Stock held by Consolidated Entities in the owner of the subject Retail
Property, expressed as a decimal; provided, notwithstanding anything to the
contrary in this definition, so long as 100% of the Indebtedness and other
liabilities of the owner of the Broadway Plaza Property reflected in the
financial statements of such owner or disclosed in the notes thereto (to the
extent the same would constitute a Contingent Obligation) is counted in the
calculation of Total Liabilities pursuant to subsection (ii) of the definition
of “Total Liabilities”, the Broadway Plaza Property, and the cash and Cash
Equivalents and “Other GAV Assets” (as defined below) with respect thereto,
shall be deemed to be Wholly-Owned and the Gross Asset Value with respect to the
Broadway Plaza Property shall be calculated in accordance with clause (i) of
this definition; plus

 

(iii) all cash and Cash Equivalents (other than, in either case, Restricted
Cash) held by the Consolidated Entity at such time, and, in the case of cash and
Cash Equivalents not Wholly-Owned, multiplied by a percentage (expressed as a
decimal) equal to the percentage of the total outstanding Capital Stock held by
the Consolidated Entity holding title to such cash and Cash Equivalents; plus

 

(iv) all Mortgage Loans acquired for the purpose of acquiring the underlying
real property, valued by the book value of each such Mortgage Loan when
measured; plus

 

(v)(a) 100% of the Book Value of Construction-in-Process with respect to Retail
Properties Under Construction that are Wholly-Owned and (b) the product of (1)
100% of the Book Value of Construction-in-Process with respect to Retail
Properties Under Construction that are not Wholly-Owned multiplied by (2) a
percentage (expressed as a decimal) equal to the percentage of the total
outstanding Capital Stock held by the Consolidated Entity holding title to such
Retail Properties Under Construction; plus

 

(vi) to the extent not otherwise included in the foregoing clauses, (a) the Book
Value of tenant receivables, deferred charges and other assets with respect to
Real Properties that are Wholly-Owned and (b) the product of (1) the Book Value
of tenant receivables, deferred charges and other assets with respect to Real
Properties that are not Wholly-Owned multiplied by (2) a percentage (expressed
as a decimal) equal to the percentage of the total outstanding Capital Stock
held by a Consolidated Entity holding title to such Real Property (collectively,
“Other GAV Assets”), provided that the aggregate value of Other GAV Assets shall
not

 

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exceed five percent (5%) of the aggregate Gross Asset Value of all the assets of
the Consolidated Entities;

 

(vii) the Book Value of land and other Properties not constituting Retail
Properties; plus

 

(viii) the Book Value of the Investment in Northpark Mall.

 

provided, however, that (A)(i) the determination of Gross Asset Value for any
period shall not include any Retail Property (or any Property NOI relating to
any Retail Property) that has been sold or otherwise disposed of at any time
prior to or during such period; (ii) any Retail Property (whether acquired
before or after the Closing Date) and shall be valued at Book Value for 18
months after acquisition thereof; (B) upon the sale, conveyance, or transfer of
all of a Real Property to a Person other than a Macerich Entity, the Gross Asset
Value with respect to such Real Property shall no longer be considered; and (C)
the determination of the NOI for any Retail Property Under Construction which is
no longer classified as “construction-in-process” under GAAP shall be calculated
using an adjusted Measuring Period determined by annualizing the most recent
fiscal quarter until such Retail Property Under Construction has achieved
Stabilization.

 

(G)           THE DEFINITION OF “INTANGIBLE ASSETS” IS HEREBY DELETED IN ITS
ENTIRETY.

 

(H)           THE DEFINITION OF “LAKEWOOD CENTER PROPERTY” IS HEREBY DELETED IN
ITS ENTIRETY.

 

(I)            THE DEFINITION OF “NET WORTH” IS HEREBY AMENDED IN ITS ENTIRETY
TO READ AS FOLLOWS:

 

 “NET WORTH” MEANS, AT ANY DATE, THE SUM OF (I) THE AGGREGATE GROSS ASSET VALUE;
MINUS (2) THE TOTAL LIABILITIES.

 

(J)            THE DEFINITION OF “PERMITTED WHLP CASH DISTRIBUTION” IS HEREBY
AMENDED IN ITS ENTIRETY TO READ AS FOLLOWS:

 

“PERMITTED MACWH CASH DISTRIBUTION” SHALL HAVE THE MEANING GIVEN SUCH TERM IN
SECTION 8.4(4) OF THE CREDIT AGREEMENT.

 

(K)           THE DEFINITION OF “ROCHESTER DISTRIBUTION” IS HEREBY AMENDED IN
ITS ENTIRETY TO READ AS FOLLOWS:

 

“ROCHESTER DISTRIBUTION” SHALL MEAN THE DISTRIBUTION BY MACWH OF ALL OF THE
MEMBERSHIP INTERESTS IN ROCHESTER MALLS LLC TO

 

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LIMITED PARTNERS OF MACWH IN ACCORDANCE WITH SECTIONS 8.7 OR 8.8 OF THE MACWH
PARTNERSHIP AGREEMENT.

 

(L)            THE DEFINITION OF “TANGIBLE NET WORTH” IS HEREBY DELETED IN ITS
ENTIRETY.

 

(M)          THE DEFINITION OF “WESTCOR ASSETS” IS HEREBY DELETED IN ITS
ENTIRETY.

 

(N)           THE DEFINITION OF “WHLP” IS HEREBY DELETED IN ITS ENTIRETY.

 

(O)           THE DEFINITION OF “WHLP PARTNERSHIP AGREEMENT” IS HEREBY DELETED
IN ITS ENTIRETY.

 

(P)           THE DEFINITION OF “WILMORITE ACQUISITION” IS HEREBY AMENDED IN ITS
ENTIRETY TO READ AS FOLLOWS:

 

“WILMORITE ACQUISITION” SHALL MEAN THAT CERTAIN ACQUISITION BY MAC AND THE
BORROWER OF WILMORITE PROPERTIES, INC., MACWH AND THEIR SUBSIDIARIES PURSUANT TO
THE WILMORITE MERGER AGREEMENT.

 

(Q)           THE DEFINITION OF “WILMORITE ASSETS” IS HEREBY DELETED IN ITS
ENTIRETY.

 

(R)            THE DEFINITION OF “WILMORITE MERGER AGREEMENT” IS HEREBY AMENDED
IN ITS ENTIRETY TO READ AS FOLLOWS:

 

“WILMORITE MERGER AGREEMENT” SHALL MEAN AN AGREEMENT AND PLAN OF MERGER, DATED
AS OF DECEMBER 22, 2004, AMONG MAC, THE BORROWER, MACW, INC., WILMORITE
PROPERTIES, INC. AND MACWH.

 

(S)           THE DEFINITION OF “WILMORITE PRINCIPAL ENTITY” IS HEREBY AMENDED
IN ITS ENTIRETY TO READ AS FOLLOWS:

 

“WILMORITE PRINCIPAL ENTITY” SHALL MEAN MACWH.

 

(II)           The following definitions of “MACWH” and “MACWH Partnership
Agreement” are hereby added to Annex I of the Credit Agreement in the
appropriate alphabetical order:

 

(a)           “MACWH” shall mean MACWH, L.P., a Delaware limited partnership.

 

(b)           “MACWH Partnership Agreement” shall mean the 2005 Amended and
Restated Agreement of Limited Partnership of MACWH, between MACWH and the
Borrower.

 

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(III)         AMENDMENT TO SECTION 7.1(1) OF THE LOAN AGREEMENT. EFFECTIVE AS OF
THE DATE HEREOF, SECTION 7.1(1) OF THE LOAN AGREEMENT IS HEREBY AMENDED BY
DELETING “PRICEWATERHOUSECOOPERS” AND REPLACING THE SAME WITH “DELOITTE &
TOUCHE.”

 

(IV)         AMENDMENT TO SECTION 8.4(4) OF THE LOAN AGREEMENT. EFFECTIVE AS OF
THE DATE HEREOF, SECTION 8.4(4) OF THE LOAN AGREEMENT IS HEREBY AMENDED IN ITS
ENTIRETY TO READ AS FOLLOWS:

 

“(4)         Prior to the Wilmorite Release Date, any Disposition by any
Wilmorite Guarantor of any of the Capital Stock of the Wilmorite Principal
Entity; provided that (i) MACWH may consummate the Rochester Distribution in
accordance with the provisions of the MACWH Partnership Agreement, and (ii) so
long as no Potential Default or Event of Default shall have occurred and be
continuing, MACWH may make cash distributions in accordance with Article 8 of
the MACWH Partnership Agreement, provided that the Borrower Parties would be in
compliance with the covenants in Section 8.12, calculated as of the last day of
the most recent fiscal quarter for which financial statements have been
delivered pursuant to Section 7.1(1) or 7.1(2) and on a pro forma basis as if
such cash distribution had occurred, and any Indebtedness incurred in connection
therewith had been incurred, on the last day of such fiscal quarter (any
distribution under this clause (ii), a “Permitted MACWH Cash Distribution”);
and”

 

(V)           Amendment to Section 8.11(2) of the Loan Agreement. Effective as
of the date hereof, Section 8.11(2) of the Loan Agreement is hereby amended in
its entirety to read as follows:

 

“(2)         Prior to the Wilmorite Release Date, MACWH shall not make
Distributions in any Fiscal Year other than distributions of Available Cash (as
defined in the MACWH Partnership Agreement) under and in accordance with the
provisions of the MACWH Partnership Agreement except for (i) the Rochester
Distribution and (ii) any Permitted MACWH Cash Distribution.”

 

(VI)         Amendment to Section 8.12(1) of the Loan Agreement. Effective as of
the date hereof, Section 8.12(1) of the Loan Agreement is hereby amended in its
entirety to read as follows:

 

“(1)         Minimum Net Worth. As of the last day of any Fiscal Quarter, Net
Worth shall not be less than $4,000,000,000.”

 

2.             AMENDMENT EFFECTIVE. THIS FIRST AMENDMENT WILL BE EFFECTIVE WHEN:

 

(A)           THIS FIRST AMENDMENT HAS BEEN DULY EXECUTED AND DELIVERED BY
BORROWER, THE ADMINISTRATIVE AGENT, THE COLLATERAL AGENT AND THE LENDERS; AND

 

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(B)           THE BORROWER HAS PAID THE REASONABLE FEES AND EXPENSES OF THE
ADMINISTRATIVE AGENT IN CONNECTION WITH THIS FIRST AMENDMENT.

 

3.             COVENANTS, REPRESENTATIONS AND WARRANTIES OF THE BORROWER.

 

(A)           THE BORROWER AND EACH OTHER BORROWER PARTY (BY ITS EXECUTION OF
THE CONSENT AND AGREEMENT), REAFFIRM ALL TERMS, COVENANTS, REPRESENTATIONS AND
WARRANTIES (EXCEPT TO THE EXTENT SUCH REPRESENTATIONS AND WARRANTIES PERTAIN
SOLELY TO AN EARLIER DATE AS SET FORTH IN THE LOAN DOCUMENTS) THAT THEY MADE IN
THE LOAN DOCUMENTS, AS MODIFIED BY THIS FIRST AMENDMENT.

 

(B)           THE BORROWER REPRESENTS AND WARRANTS TO THE LENDERS, THE
ADMINISTRATIVE AGENT AND THE COLLATERAL AGENT THAT (I) THE BORROWER HAS THE
LEGAL POWER AND AUTHORITY TO ENTER INTO THIS FIRST AMENDMENT WITHOUT CONSENT OR
APPROVAL BY ANY THIRD PARTY AND (II) THIS FIRST AMENDMENT CONSTITUTES THE LEGAL,
VALID AND BINDING OBLIGATION OF THE BORROWER, ENFORCEABLE AGAINST THE BORROWER
IN ACCORDANCE WITH ITS TERMS, EXCEPT, IN EACH CASE, AS MAY BE LIMITED BY
BANKRUPTCY, INSOLVENCY, REORGANIZATION, MORATORIUM OR SIMILAR LAWS RELATING TO
OR LIMITING CREDITORS’ RIGHTS GENERALLY OR BY EQUITABLE PRINCIPLES AFFECTING
ENFORCEABILITY.

 

(C)           THE BORROWER REPRESENTS AND WARRANTS TO THE LENDERS, THE
ADMINISTRATIVE AGENT AND THE COLLATERAL AGENT THAT, AS OF THE DATE HEREOF, (I)
NO DEFAULT OR EVENT OF DEFAULT HAS OCCURRED AND IS CONTINUING; (II) NO DEFAULT
OR EVENT OF DEFAULT WILL OCCUR AS A RESULT OF THE EXECUTION, DELIVERY AND
PERFORMANCE BY THE BORROWER OF THIS AMENDMENT; (III) THE BORROWER HAS NOT GIVEN
ANY NOTICE OF ANY UNCURED DEFAULT UNDER THE CREDIT AGREEMENT; AND (IV) THERE ARE
NO LEGAL PROCEEDINGS COMMENCED OR THREATENED BY ANY BORROWER PARTY AGAINST THE
LENDERS, THE ADMINISTRATIVE AGENT OR THE COLLATERAL AGENT.

 

(D)           THE BORROWER CONFIRMS AND ACKNOWLEDGES THAT, AS OF THE DATE
HEREOF, NEITHER IT NOR ANY OTHER BORROWER PARTY HAS ANY OFFSETS, DEFENSES,
CLAIMS, COUNTERCLAIMS, SETOFFS, OR OTHER BASIS FOR REDUCTION WITH RESPECT TO ANY
OF THE OBLIGATIONS.

 

4.             EFFECT UPON LOAN DOCUMENTS.

 

(A)           EXCEPT AS SPECIFICALLY SET FORTH IN THIS FIRST AMENDMENT, THE LOAN
DOCUMENTS SHALL REMAIN IN FULL FORCE AND EFFECT AND ARE HEREBY RATIFIED AND
CONFIRMED.

 

(B)           THE PARTIES HERETO SPECIFICALLY ACKNOWLEDGE AND AGREE THAT THE
CREDIT AGREEMENT, AS HEREBY AMENDED, IS IN FULL FORCE AND EFFECT IN ACCORDANCE
WITH ITS TERMS AND HAS NOT BEEN MODIFIED, EXCEPT PURSUANT TO THIS FIRST
AMENDMENT.

 

(C)           ALL REFERENCES TO THE “CREDIT AGREEMENT” IN THE CREDIT AGREEMENT
AND ANY OTHER LOAN DOCUMENT SHALL MEAN AND REFER TO THE CREDIT AGREEMENT, AS
MODIFIED HEREBY.

 

(D)           THIS FIRST AMENDMENT SHALL BE A LOAN DOCUMENT FOR ALL PURPOSES
UNDER THE CREDIT AGREEMENT.

 

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(E)           EXCEPT TO THE EXTENT EXPRESSLY SET FORTH HEREIN, THE EXECUTION,
DELIVERY AND EFFECTIVENESS OF THIS FIRST AMENDMENT SHALL NOT OPERATE AS A WAIVER
OF ANY RIGHT, POWER OR REMEDY OF ANY LENDER, THE ADMINISTRATIVE AGENT OR THE
COLLATERAL AGENT UNDER THE LOAN DOCUMENTS, OR ANY OTHER DOCUMENT, INSTRUMENT OR
AGREEMENT EXECUTED AND/OR DELIVERED IN CONNECTION THEREWITH.

 

5.             GOVERNING LAW. THIS FIRST AMENDMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK; PROVIDED,
HOWEVER, THAT AGENTS AND LENDERS SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL
LAW.

 

6.             COUNTERPARTS. THIS FIRST AMENDMENT MAY BE EXECUTED BY ONE OR MORE
OF THE PARTIES TO THIS FIRST AMENDMENT IN ANY NUMBER OF SEPARATE COUNTERPARTS,
EACH OF WHICH, WHEN SO EXECUTED, SHALL BE DEEMED AN ORIGINAL, AND ALL OF SUCH
COUNTERPARTS TAKEN TOGETHER SHALL BE DEEMED TO CONSTITUTE BUT ONE AND THE SAME
INSTRUMENT.

 

[Signatures Begin on Next Page]

 

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IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to the
$450 Million Term Loan Facility Credit Agreement to be executed as of the day
and year first above written.

 

BORROWER:

 

 

 

 

 

 

 

 

THE MACERICH PARTNERSHIP, L.P.,

 

 

a Delaware limited partnership

 

 

 

 

 

 

By:

The Macerich Company,

 

 

a Maryland corporation,

 

 

Its general partner

 

 

 

 

 

 

By:

   /s/ Richard A. Bayer

 

 

 

 

Name:

Richard A. Bayer

 

 

 

Title:

Executive Vice President,

 

 

 

 

Chief Legal Officer

 

 

 

 

& Secretary

 

 

 

 

GUARANTORS:

 

 

 

 

 

 

 

 

THE MACERICH COMPANY,

 

a Maryland corporation

 

 

 

By:

   /s/ Richard A. Bayer

 

 

 

Name:

Richard A. Bayer

 

 

Title:

Executive Vice President,

 

 

 

Chief Legal Officer

 

 

 

& Secretary

 

 

 

 

 

--------------------------------------------------------------------------------

 

 

MACERICH TWC II CORP.,

 

a Delaware corporation

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Richard A. Bayer

 

 

 

Name:

Richard A. Bayer

 

 

Title:

Executive Vice President,
Chief Legal Officer
& Secretary

 

 

 

 

 

 

 

 

 

MACERICH TWC II LLC,

 

a Delaware limited liability company

 

 

 

By:

The Macerich Partnership, L.P.,

 

 

a Delaware limited partnership,

 

 

Its sole member

 

 

 

 

 

 

By:

The Macerich Company,

 

 

 

a Maryland corporation,

 

 

 

Its general partner

 

 

 

 

 

 

 

By:

   /s/ Richard A. Bayer

 

 

 

 

 

Name:

Richard A. Bayer

 

 

 

 

Title:

Executive Vice President,
Chief Legal Officer
& Secretary

 

 

 

 

 

 

 

 

 

MACERICH WRLP CORP.,

 

a Delaware corporation

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Richard A. Bayer

 

 

 

Name:

Richard A. Bayer

 

 

Title:

Executive Vice President,
Chief Legal Officer
& Secretary

 

--------------------------------------------------------------------------------

 

 

MACERICH WRLP, LLC,

 

a Delaware limited liability company

 

 

 

 

 

By:

The Macerich Partnership, L.P.,

 

 

a Delaware limited partnership,

 

 

Its sole member

 

 

 

 

 

 

By:

The Macerich Company,

 

 

 

a Maryland corporation,

 

 

 

Its general partner

 

 

 

 

 

 

 

By:

   /s/ Richard A. Bayer

 

 

 

 

Name:

Richard A. Bayer

 

 

 

Title:

Executive Vice President,
Chief Legal Officer
& Secretary

 

 

 

 

 

 

 

 

 

 

 

MACERICH WRLP II CORP.,

 

a Delaware corporation

 

 

 

 

 

 

By:

 

/s/ Richard A. Bayer

 

 

 

Name:

Richard A. Bayer

 

 

Title:

Executive Vice President,
Chief Legal Officer
& Secretary

 

 

 

 

 

 

 

 

 

MACERICH WRLP II, LP,

 

a Delaware limited liability company

 

 

 

 

 

By:

Macerich WRLP II Corp.,

 

 

a Delaware corporation,

 

 

Its general partner

 

 

 

 

 

 

By:

 

/s/ Richard A. Bayer

 

 

 

Name:

Richard A. Bayer

 

 

Title:

Executive Vice President,
Chief Legal Officer
& Secretary

 

--------------------------------------------------------------------------------

 

 

 

 

 

 

MACERICH WALLEYE LLC,

 

a Delaware limited liability company

 

 

 

 

 

By:

The Macerich Partnership, L.P.,

 

 

a Delaware limited partnership,

 

 

Its sole member

 

 

 

 

 

 

By:

The Macerich Company,

 

 

 

a Maryland corporation,

 

 

 

Its general partner

 

 

 

 

 

 

 

By:

 

/s/ Richard A. Bayer

 

 

 

 

Name:

Richard A. Bayer

 

 

 

Title:

Executive Vice President,
Chief Legal Officer
and Secretary

 

 

 

 

 

 

 

 

 

IMI WALLEYE LLC,

 

a Delaware limited liability company

 

 

 

 

 

By:

The Macerich Partnership, L.P.,

 

 

a Delaware limited partnership,

 

 

Its sole member

 

 

 

 

 

 

By:

The Macerich Company,

 

 

 

a Maryland corporation,

 

 

 

Its general partner

 

 

 

 

 

 

 

By:

  /s/ Richard A. Bayer

 

 

 

 

 

Name:

Richard A. Bayer

 

 

 

 

Title:

Executive Vice President,
Chief Legal Officer
and Secretary

 

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WALLEYE RETAIL INVESTMENTS LLC,

 

a Delaware limited liability company

 

 

 

 

 

By:

Macerich Walleye LLC,

 

 

a Delaware limited liability company,

 

 

Its managing member

 

 

 

 

 

 

By:

The Macerich Partnership, L.P.,

 

 

 

a Delaware limited partnership,

 

 

 

Its sole member

 

 

 

 

 

 

 

By:

The Macerich Company,

 

 

 

 

a Maryland corporation,

 

 

 

 

Its general partner

 

 

 

 

By:

   /s/ Richard A. Bayer

 

 

 

 

 

Name:

Richard A. Bayer

 

 

 

 

Title:

Executive Vice
President,
Chief Legal Officer
and Secretary

 

--------------------------------------------------------------------------------

 

 

LENDERS AND AGENTS:

 

 

 

 

 

 

 

 

DEUTSCHE BANK TRUST COMPANY AMERICAS, as
Administrative Agent and a Lender

 

 

 

 

 

 

 

 

 

By:

 

/s/ James Rolison

 

 

 

Name:

James Rolison

 

 

Title:

Director

 

 

 

 

 

 

 

 

 

By:

 

s/s Linda Wang

 

 

 

Name:

Linda Wang

 

 

Title:

Director

 

--------------------------------------------------------------------------------

 

 

[LENDER]

 

 

 

 

 

 

 

 

 

By:

/s/  Derrick Lynch

 

 

 

Name:

Derrick Lynch

 

 

Title:

Assistant Vice President

 

 

 

 

 

Investment Advisor to

 

AIB Debt Management, Limited

 

--------------------------------------------------------------------------------

 

 

Blue Square Funding Limited Series J

 

 

 

 

 

By:

DB Services New Jersey, Inc.

 

 

 

 

 

 

 

 

 

By:

/s/  Deidre Whorton

 

 

 

Name:

Deidre Whorton

 

 

Title:

Assistant Vice President

 

 

 

 

 

 

 

 

 

By:

/s/  Jay Hopkins

 

 

 

Name:

Jay Hopkins

 

 

Title:

Vice President

 

--------------------------------------------------------------------------------

 

 

CALYON

 

 

 

 

 

 

 

 

 

By:

/s/  John A. Wain

 

 

 

Name:

John A. Wain

 

 

Title:

Managing Director

 

 

 

 

 

 

 

 

 

By:

/s/  Daniel J. Reddy

 

 

 

Name:

Daniel J. Reddy

 

 

Title:

Director

 

--------------------------------------------------------------------------------

 

 

COMERICA BANK

 

 

 

 

 

 

 

 

 

By:

/s/  James Graycheck

 

 

 

Name:

James Graycheck

 

 

Title:

Vice President

 

--------------------------------------------------------------------------------

 

 

COMMERZBANK, AG, NEW YORK BRANCH,
as Co-Syndication Agent

 

 

 

 

 

 

 

 

 

By:

  /s/

 

 

 

Name:

 

 

 

Title:

SUP

 

 

 

 

 

 

 

 

 

By:

  /s/

 

 

 

Name:

 

 

 

Title:

 

 

--------------------------------------------------------------------------------

 

 

DEKABANK DEUTSCHE GIROZENTRALE

 

 

 

 

 

 

 

 

 

By:

/s/  Burkhard Mau

 

 

 

Name:

Burkhard Mau

 

 

Title:

Senior Vice President

 

 

 

 

 

 

 

 

 

By:

/s/  Carsten Gotsch

 

 

 

Name:

Carsten Gotsch

 

 

Title:

Vice President

 

--------------------------------------------------------------------------------

 

 

SENIOR DEBT PORTFOLIO

 

 

 

 

 

By:

Boston Management and Research

 

 

as Investment Advisor

 

 

 

 

 

 

 

 

 

By:

  /s/  Michael B. Bottnof

 

 

 

Name:

Michael B. Bottnof

 

 

Title:

Vice President

 

--------------------------------------------------------------------------------

 

 

EATON VANCE SENIOR FLOATING RATE TRUST

 

 

 

 

 

By:

Eaton Vance Management

 

 

as Investment Advisor

 

 

 

 

 

 

 

 

 

By:

  /s/  Michael B. Bottnof

 

 

 

Name:

Michael B. Bottnof

 

 

Title:

Vice President

 

--------------------------------------------------------------------------------

 

 

TOLLI & CO.

 

 

 

 

 

By:

Eaton Vance Management

 

 

as Investment Advisor

 

 

 

 

 

 

 

 

 

By:

  /s/  Michael B. Bottnof

 

 

 

Name:

Michael B. Bottnof

 

 

Title:

Vice President

 

--------------------------------------------------------------------------------

 

 

EATON VANCE FLOATING RATE INCOME TRUST

 

 

 

 

 

By:

Eaton Vance Management

 

 

as Investment Advisor

 

 

 

 

 

 

 

 

 

By:

  /s/  Michael B. Bottnof

 

 

 

Name:

Michael B. Bottnof

 

 

Title:

Vice President

 

--------------------------------------------------------------------------------

 

 

GRAYSON & CO

 

 

 

 

 

By:

Boston Management and Research

 

 

as Investment Advisor

 

 

 

 

 

 

 

 

 

By:

  /s/  Michael B. Bottnof

 

 

 

Name:

Michael B. Bottnof

 

 

Title:

Vice President

 

--------------------------------------------------------------------------------

 

 

EATON VANCE INSTITUTIONAL SENIOR LOAN FUND

 

 

 

 

 

By:

Eaton Vance Management

 

 

as Investment Advisor

 

 

 

 

 

 

 

 

 

By:

  /s/  Michael B. Bottnof

 

 

 

Name:

Michael B. Bottnof

 

 

Title:

Vice President

 

--------------------------------------------------------------------------------

 

 

EATON VANCE

 

LIMITED DURATION INCOME FUND

 

 

 

 

 

By:

Eaton Vance Management

 

 

as Investment Advisor

 

 

 

 

 

 

 

 

 

By:

  /s/  Michael B. Bottnof

 

 

 

Name:

Michael B. Bottnof

 

 

Title:

Vice President

 

--------------------------------------------------------------------------------

 

 

EATON VANCE SHORT DURATION
DIVERSIFIED INCOME FUND

 

 

 

 

 

By:

Eaton Vance Management

 

 

as Investment Advisor

 

 

 

 

 

 

 

 

 

By:

  /s/  Michael B. Bottnof

 

 

 

Name:

Michael B. Bottnof

 

 

Title:

Vice President

 

--------------------------------------------------------------------------------

 

 

EATON VANCE SENIOR INCOME TRUST

 

 

 

 

 

By:

Eaton Vance Management

 

 

as Investment Advisor

 

 

 

 

 

 

 

 

 

By:

  /s/  Michael B. Bottnof

 

 

 

Name:

Michael B. Bottnof

 

 

Title:

Vice President

 

--------------------------------------------------------------------------------

 

 

Emigrant Bank

 

 

 

 

 

 

 

 

 

By:

  /s/  David J. Feingold

 

 

 

Name:

David J. Feingold

 

 

Title:

Managing Director

 

--------------------------------------------------------------------------------

 

 

ERSTE BANK, a Republic of Austria Corporation as Lender

 

 

 

 

 

 

 

 

 

By:

  /s/  Gregory Aptman

 

 

 

Name:

Gregory Aptman

 

 

Title:

Vice President

 

 

 

 

 

 

 

 

 

By:

  /s/  John Fay

 

 

 

Name:

John Fay

 

 

Title:

Director

 

--------------------------------------------------------------------------------

 

 

SECURITY BENEFIT LIFE COMPANY,

 

as Lender

 

 

By:

Four Corners Capital Management LLC,

 

 

As Sub-Adviser

 

 

 

 

 

 

 

 

By:

  /s/  Vijay Srinivasan

 

 

 

Name:

Vijay Srinivasan, CFA

 

 

Title:

Vice President

 

 

 

 

 

 

 

 

 

SECURITY INCOME FUND-INCOME
OPPORTUNITY SERIES,

 

as Lender

 

 

By:

Four Corners Capital Management LLC,

 

 

As Sub-Adviser

 

 

 

 

 

 

 

 

 

By:

  /s/  Vijay Srinivasan

 

 

 

Name:

Vijay Srinivasan, CFA

 

 

Title:

Vice President

 

 

 

 

 

 

 

 

 

FIRST TRUST/FOUR CORNER SENIOR
FLOATING RATE INCOME FUND,

 

as Lender

 

 

By:

Four Corners Capital Management LLC,

 

 

As Sub-Adviser

 

 

 

 

 

 

 

 

 

By:

  /s/  Vijay Srinivasan

 

 

 

Name:

Vijay Srinivasan, CFA

 

 

Title:

Vice President

 

 

 

 

 

 

 

 

 

FIRST TRUST/FOUR CORNER SENIOR
FLOATING RATE INCOME FUND B,

 

as Lender

 

 

By:

Four Corners Capital Management LLC,

 

 

As Sub-Adviser

 

 

 

 

 

 

 

 

 

By:

  /s/  Vijay Srinivasan

 

 

 

Name:

Vijay Srinivasan, CFA

 

 

Title:

Vice President

 

--------------------------------------------------------------------------------

 

 

FORTESS PORTFOLIO TRUST, as Lender

 

By:

Four Corners Capital Management LLC,

 

 

As Sub-Adviser

 

 

 

 

 

 

 

 

 

By:

  /s/  Vijay Srinivasan

 

 

 

Name:

Vijay Srinivasan, CFA

 

 

Title:

Vice President

 

--------------------------------------------------------------------------------

 

 

FRANKLIN FLOATING RATE DAILY ACCESS
FUND

 

 

 

 

 

 

 

 

 

By:

  /s/  Richard Hsu

 

 

 

Name:

Richard Hsu

 

 

Title:

Vice President

 

10

--------------------------------------------------------------------------------

 

 

Franklin CLO I, Limited

 

 

 

By:

  /s/  David Ardini

 

 

 

Name:

David Ardini

 

 

Title:

Vice President

 

--------------------------------------------------------------------------------

 

 

FRANKLIN STRATEGIC INCOME FUND
(CANADA)

 

 

 

 

 

By:

  /s/  Richard Hsu

 

 

 

Name:

Richard Hsu

 

 

Title:

Vice President

 

--------------------------------------------------------------------------------

 

 

FRANKLIN STRATEGIC SERIES-FRANKLIN STRATEGIC INCOME FUND

 

 

 

 

 

By:

  /s/  Richard Hsu

 

 

 

Name:

Richard Hsu

 

 

Title:

Vice President

 

--------------------------------------------------------------------------------

 

 

FRANKLIN TEMPLETON VARIABLE
INSURANCE PRODUCTS TRUST-FRANKLIN
STRATEGIC INCOME SECURITIES FUND

 

 

 

 

 

By:

  /s/  Richard Hsu

 

 

 

Name:

Richard Hsu

 

 

Title:

Vice President

 

--------------------------------------------------------------------------------

 

 

ELF Funding Trust I

 

 

 

By:

Highland Capital Management, L.P.,

 

 

As Collateral Manager

 

By:

Strand Advisors, Inc.,

 

Its General Partner

 

 

 

 

 

By:

/s/  Chad Schramek

 

 

 

Name:

Chad Schramek

 

 

Title:

Assistant Treasurer

 

 

Strand Advisors, Inc., General Partner of
Highland Capital Management, L.P.

 

--------------------------------------------------------------------------------

 

 

Jasper CLO, Ltd.

 

 

 

By:

Highland Capital Management, L.P.,

 

 

As Collateral Manager

 

 

 

 

By:

Strand Advisors, Inc.,

 

 

Its General Partner

 

 

 

 

 

By:

  /s/  Chad Schramek

 

 

 

Name:

Chad Schramek

 

 

Title:

Assistant Treasurer

 

 

Strand Advisors, Inc., General Partner of Highland Capital Management, L.P.

 

--------------------------------------------------------------------------------

 

 

HFT Real Estate CDO 2006-1, Ltd.

 

 

 

By:

Highland Capital Management, L.P.,

 

 

As Collateral Manager

 

 

 

 

By:

Strand Advisors, Inc.,

 

 

Its General Partner

 

 

 

 

 

By:

  /s/  Chad Schramek

 

 

 

Name:

Chad Schramek

 

 

Title:

Assistant Treasurer

 

 

Strand Advisors, Inc., General Partner of
Highland Capital Management, L.P.

 

--------------------------------------------------------------------------------

 

 

Loan Funding VII LLC

 

 

 

By:

Highland Capital Management, L.P.,

 

 

As Collateral Manager

 

 

 

 

By:

Strand Advisors, Inc.,

 

 

Its General Partner

 

 

 

 

 

By:

/s/  Chad Schramek

 

 

 

Name:

Chad Schramek

 

 

Title:

Assistant Treasurer

 

 

Strand Advisors, Inc., General Partner of
Highland Capital Management, L.P.

 

--------------------------------------------------------------------------------

 

 

Highland Legacy Limited

 

 

 

By:

Highland Capital Management, L.P.,

 

 

As Collateral Manager

 

 

 

 

By:

Strand Advisors, Inc.,

 

 

Its General Partner

 

 

 

 

 

 

 

By:

  /s/  Chad Schramek

 

 

 

Name:

Chad Schramek

 

 

Title:

Assistant Treasurer

 

 

Strand Advisors, Inc., General Partner of
Highland Capital Management, L.P.

 

--------------------------------------------------------------------------------

 

 

Southfork CLO, Ltd.

 

 

 

By:

Highland Capital Management, L.P.,

 

 

As Collateral Manager

 

 

 

 

By:

Strand Advisors, Inc.,

 

 

Its General Partner

 

 

 

 

 

 

 

By:

  /s/  Chad Schramek

 

 

 

Name:

Chad Schramek

 

 

Title:

Assistant Treasurer

 

 

Strand Advisors, Inc., General Partner of
Highland Capital Management, L.P.

 

--------------------------------------------------------------------------------

 

 

Loan Funding IV LLC

 

 

 

By:

Highland Capital Management, L.P.,

 

 

As Collateral Manager

 

 

 

 

By:

Strand Advisors, Inc.,

 

 

Its General Partner

 

 

 

 

 

 

 

By:

  /s/  Chad Schramek

 

 

 

Name:

Chad Schramek

 

 

Title:

Assistant Treasurer

 

 

Strand Advisors, Inc., General Partner of
Highland Capital Management, L.P.

 

--------------------------------------------------------------------------------

 

 

Oligra 43

 

 

 

 

 

By:

  /s/  Wendy Cheung

 

 

 

Name:

Wendy Cheung

 

 

Title:

Authorized Signatory

 

--------------------------------------------------------------------------------

 

 

ING Real Estate Finance (USA) LLC

 

 

 

 

 

By:

  /s/  Christopher S. Godlewski

 

 

 

Name:

Christopher S. Godlewski

 

 

Title:

Vice President

 

--------------------------------------------------------------------------------

 

 

KEYBANK NATIONAL ASSOCIATION

 

 

 

 

 

 

 

 

 

By:

  /s/  Jane E. McGrath

 

 

 

Name:

Jane E. McGrath

 

 

Title:

Vice President

 

--------------------------------------------------------------------------------

 

 

LightPoint CLO 2004-1, Ltd.

 

LightPoint CLO IV, Ltd.

 

 

 

 

 

 

 

 

 

By:

  /s/  Colin Donlan

 

 

 

Name:

Colin Donlan

 

 

Title:

Director

 

--------------------------------------------------------------------------------

 

 

OLYMPIC CLO I

 

 

 

 

 

 

 

 

 

By:

  /s/  John M. Casparian

 

 

 

Name:

John M. Casparian

 

 

Title:

Chief Operating Officer,

 

 

 

(Manager)

 

 

 

Centre Pacific, LLC

 

--------------------------------------------------------------------------------

 

 

Centurion CDO 8, Limited

 

 

 

 

 

By:

RiverSource Investments, LLC
as Collateral Manager

 

 

By:

  /s/  Robin C. Stancil

 

 

 

Name:

Robin C. Stancil

 

 

Title:

Supervisor - Fixed Income

 

--------------------------------------------------------------------------------

 

 

Centurion CDO II, Ltd.

 

 

 

 

 

By:

RiverSource Investments, LLC

 

 

as Collateral Manager

 

 

 

 

 

 

 

 

 

By:

  /s/  Robin C. Stancil

 

 

 

Name:

Robin C. Stancil

 

 

Title:

Supervisor - Fixed Income

 

--------------------------------------------------------------------------------

 

 

Centurion CDO 9, Ltd.

 

 

 

 

 

By:

RiverSource Investments, LLC

 

 

as Collateral Manager

 

 

 

 

 

 

 

 

By:

  /s/  Robin C. Stancil

 

 

 

Name:

Robin C. Stancil

 

 

Title:

Supervisor - Fixed Income

 

--------------------------------------------------------------------------------

 

 

Centurion CDO VII, Ltd.

 

 

 

 

 

By:

RiverSource Investments, LLC

 

 

as Collateral Manager

 

 

 

 

 

By:

  /s/  Robin C. Stancil

 

 

 

Name:

Robin C. Stancil

 

 

Title:

Supervisor - Fixed Income

 

--------------------------------------------------------------------------------

 

 

Union Bank of California, N.A.

 

 

 

 

 

 

 

 

 

By:

  /s/  Kathleen S. Crandell

 

 

 

Name:

Kathleen S. Crandell

 

 

Title:

SVP & Regional Manager

 

--------------------------------------------------------------------------------

 

 

U.S. Bank National Association

 

 

 

 

 

 

 

 

 

By:

  /s/  Wayne Choi

 

 

 

Name:

Wayne Choi

 

 

Title:

Senior Vice President

 

--------------------------------------------------------------------------------

 

 

VAN KAMPEN

 

SENIOR INCOME TRUST

 

 

By:

Van Kampen Asset Management

 

 

 

 

 

 

 

 

 

By:

  /s/  Robert P. Drobny

 

 

 

Name:

Robert P. Drobny

 

 

Title:

Vice President

 

--------------------------------------------------------------------------------

 

 

VAN KAMPEN

 

SENIOR LOAN FUND

 

 

 

 

 

By:

Van Kampen Asset Management

 

 

 

 

 

 

 

 

By:

  /s/  Robert P. Drobny

 

 

 

Name:

Robert P. Drobny

 

 

Title:

Vice President

 

--------------------------------------------------------------------------------

 

 

[LENDER]

 

 

 

 

 

 

 

 

 

By:

  /s/  Bryan Stevens

 

 

 

Name:

Bryan Stevens

 

 

Title:

Vice President

 

--------------------------------------------------------------------------------

 

 

JPMorgan Chase Bank, N.A.

 

 

 

 

 

 

 

 

 

By:

  /s/  Marc E. Costantino

 

 

 

Name:

Marc E. Costantino

 

 

Title:

Vice President

 

--------------------------------------------------------------------------------

 

 

Trumbull THC2 Loan Funding LLC,

 

for itself or as agent for Trumbull THC2 CFPI Loan
Funding LLC

 

 

 

 

 

 

 

 

 

By:

  /s/  Beata Konopko

 

 

 

Name:

Beata Konopko

 

 

Title:

As attorney-in-fact

 

--------------------------------------------------------------------------------

 

 

Bushnell CBNA Loan Funding LLC,

 

for itself or as agent for Bushnell CFPI Loan
Funding LLC

 

 

 

 

 

 

 

 

 

By:

  /s/  Beata Konopko

 

 

 

Name:

Beata Konopko

 

 

Title:

As attorney-in-fact

 

--------------------------------------------------------------------------------

 

 

Stedman CBNA Loan Funding LLC,

 

for itself or as agent for Stedman CFPI Loan
Funding LLC

 

 

 

 

 

 

 

 

 

By:

  /s/  Roy Hykal

 

 

 

Name:

Roy Hykal

 

 

Title:

Attorney-in-fact

 

--------------------------------------------------------------------------------

 

 

Attentus CDOI, LTD

 

 

 

 

 

By:

Attentus Management Group, LLC

 

 

Its Collateral Manager

 

 

 

 

 

 

 

 

By:

  /s/  Steve Stein

 

 

 

Name:

Steve Stein

 

 

Title:

Managing Director

 

--------------------------------------------------------------------------------

 

 

AWE, LTD

 

 

 

 

By:

Attentus Management Group, LLC

 

 

as Portfolio Manager

 

 

 

 

 

 

 

 

 

By:

  /s/  Steve Stein

 

 

 

Name:

Steve Stein

 

 

Title:

Managing Director

 

--------------------------------------------------------------------------------

 

 

SIERRA CLO I

 

 

 

 

 

 

 

 

 

By:

  /s/  John M. Casparian

 

 

 

Name:

John M. Casparian

 

 

Title:

Chief Operating Officer,

 

 

 

(Manager)

 

 

 

Centre Pacific, LLC

 

--------------------------------------------------------------------------------

 

 

WHITNEY CLO I

 

 

 

 

 

 

 

 

 

By:

  /s/  John M. Casparian

 

 

 

Name:

John M. Casparian

 

 

Title:

Chief Operating Officer,

 

 

 

(Manager)

 

 

 

Centre Pacific, LLC

 

--------------------------------------------------------------------------------

 

 

Granite Ventures III Ltd.

 

Stone Tower Debt Advisors LLC,

 

as its Collateral Manager

 

 

 

 

 

 

 

 

 

By:

  /s/  Michael W. Delpercio

 

 

 

Name:

Michael W. Delpercio

 

 

Title:

Authorized Signatory

 

--------------------------------------------------------------------------------

 

 

Granite Ventures II Ltd.

 

Stone Tower Debt Advisors LLC,

 

as its Collateral Manager

 

 

 

 

 

 

 

 

 

By:

  /s/  Michael W. Delpercio

 

 

 

Name:

Michael W. Delpercio

 

 

Title:

Authorized Signatory

 

--------------------------------------------------------------------------------

 

 

Granite Ventures I Ltd.

 

Stone Tower Debt Advisors LLC,

 

as its Collateral Manager

 

 

 

 

 

 

 

By:

  /s/  Michael W. Delpercio

 

 

 

Name:

Michael W. Delpercio

 

 

Title:

Authorized Signatory

 

--------------------------------------------------------------------------------

 

 

Stone Tower CLO V Ltd.

 

Stone Tower Debt Advisors LLC,

 

as its Collateral Manager

 

 

 

 

 

 

 

By:

  /s/  Michael W. Delpercio

 

 

 

Name:

Michael W. Delpercio

 

 

Title:

Authorized Signatory

 

--------------------------------------------------------------------------------

 

 

Stone Tower CLO IV Ltd.

 

Stone Tower Debt Advisors LLC,

 

as its Collateral Manager

 

 

 

 

 

 

 

By:

  /s/  Michael W. Delpercio

 

 

 

Name:

Michael W. Delpercio

 

 

Title:

Authorized Signatory

 

--------------------------------------------------------------------------------

 

 

Stone Tower Credit Funding I Ltd.

 

Stone Tower Debt Advisors LLC,

 

as its Collateral Manager

 

 

 

 

 

 

 

By:

  /s/  Michael W. Delpercio

 

 

 

Name:

Michael W. Delpercio

 

 

Title:

Authorized Signatory

 

--------------------------------------------------------------------------------

 

 

Stone Tower CLO III Ltd.

 

Stone Tower Debt Advisors LLC,

 

as its Collateral Manager

 

 

 

 

 

 

 

By:

  /s/  Michael W. Delpercio

 

 

 

Name:

Michael W. Delpercio

 

 

Title:

Authorized Signatory

 

--------------------------------------------------------------------------------

 

 

NYLIM Flatiron CLO 2005-1 Ltd.

 

 

 

 

 

By:

New York Life Investment Management
LLC, as Collateral Manager

 

 

Attorney-In-Fact

 

 

 

 

 

By:

  /s/  F. Berthelot

 

 

 

Name:

F. Berthelot

 

 

Title:

Director

 

 

 

NYLIM Institutional Floating Rate Fund L.P.

 

 

 

 

 

By:

New York Life Investment Management
LLC, as Investment Manager

 

 

 

 

 

 

 

 

By:

  /s/  F. Berthelot

 

 

 

Name:

F. Berthelot

 

 

Title:

Director

 

 

 

 

 

MainStay                  Manager Fund, a series of
Eclipse Funds Inc.

 

 

 

 

 

By:

New York Life Investment Management LLC

 

 

 

 

 

 

 

 

 

By:

  /s/  F. Berthelot

 

 

 

Name:

F. Berthelot

 

 

Title:

Director

 

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MainStay Floating Rate Fund, a series of Eclipse Funds, Inc.

 

 

 

 

 

By:

New York Life Investment Management LLC

 

 

 

 

 

 

 

 

By:

  /s/  F. Berthelot

 

 

 

Name:

F. Berthelot

 

 

Title:

Director

 

 

 

 

 

 

 

 

 

MainStay VP Floating Rate Portfolio, a series of
MainStay VP Series Funds, Inc.

 

 

 

 

 

By:

New York Life Investment Management LLC

 

 

 

 

 

 

 

 

By:

/s/  F. Berthelot

 

 

 

Name:

F. Berthelot

 

 

Title:

Director

 

 

 

 

 

 

 

 

 

New York Life Insurance Company

 

 

 

 

 

 

 

By:

  /s/  F. Berthelot

 

 

 

Name:

F. Berthelot

 

 

Title:

Director

 

 

 

 

 

 

 

 

 

New York Life Insurance and Annuity Corporation

 

 

 

 

 

By:

New York Life Investment Management
LLC, Its Investment Manager

 

 

 

 

 

By:

  /s/  F. Berthelot

 

 

 

Name:

F. Berthelot

 

 

Title:

Director

 

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