COMMITMENT INCREASE AGREEMENT



 Exhibit 10.1 
 COMMITMENT INCREASE AGREEMENT 
 This Commitment Increase Agreement (the
“Agreement”) is made as of the 6th day of June, 2008. Reference is made to that certain Fifth Amended and Restated Revolving Credit Agreement, dated as of August 3, 2006, among Boston Properties Limited Partnership, a Delaware
limited partnership (the “Borrower”), JPMorgan Chase Bank, N.A. (“JPChase”), Bank of America, N.A. (“BOA”) and the other lending institutions listed on Schedule 1 thereto (the
“Banks”), BOA, as Administrative Agent (the “Administrative Agent”), JPChase, as Syndication Agent, Eurohypo AG, New York Branch, KeyBank National Association and Wells Fargo Bank, National Association, as
Co-Documentation Agents, and The Bank of New York, Citicorp North America, Inc., Citizens Bank of Massachusetts, Deutsche Bank Trust Company and PNC Bank, National Association, as Co-Managing Agents (as amended, the “Credit
Agreement”). 
 WHEREAS, Section 2.10 of the Credit Agreement provides that the Borrower may request that the Total
Commitment be increased by up to $395,000,000 (from $605,000,000 to an amount up to $1,000,000,000); 
 WHEREAS, the Borrower has
requested that the Total Commitment be increased by $318,300,000 (the “Increase”) to $923,300,000 and reserves the right to request additional increases to bring the Total Commitment up to $1,000,000,000 from time to time after the
date hereof; 
 WHEREAS, certain of the lenders party to the Credit Agreement immediately prior to the date hereof have agreed to
provide an additional Commitment in connection with the Increase (the “Increase Lenders”); 
 WHEREAS, SunTrust Bank
and Morgan Stanley Bank (the “New Lenders”) have each agreed to provide new Commitments to the Borrower in connection with the Increase and to become parties to the Credit Agreement on the terms set forth herein (the New Lenders,
the Increase Lenders and each other financial institution which is a party to the Credit Agreement immediately prior to the effectiveness hereof are referred to collectively herein as the “Banks”); 
 WHEREAS, the Commitments and the Commitment Percentages of the Banks, after giving effect to the Increase, will be adjusted as reflected on
Annex 1 attached hereto, such that, after giving effect to the Increase, the Total Commitment will be $923,300,000; and 
 WHEREAS,
the Administrative Agent is willing to give effect to the Increase provided that the Borrowers, the Administrative Agent, the Increase Lenders and the New Lenders enter into this Agreement; 
 NOW THEREFORE, the parties hereto hereby agree as follows: 
 All capitalized terms used herein without definition shall have the meanings given such terms in the Credit Agreement. 
  

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 1. Funding of Commitment Increase. Pursuant to Section 2.10 of the Credit Agreement,
the Increase Lenders and the New Lenders hereby agree to fund the Increase (which such Increase is not required to be in an increment of $50,000,000), with each Bank having the resulting Commitment and Commitment Percentage set forth on Annex
1 attached hereto. 
 2. Amendment of Schedule 1. Schedule 1 to the Credit Agreement is hereby amended to reflect
the Banks’ adjusted Commitments and Commitment Percentages and the increase in the Total Commitment, as set forth on Annex 1 attached hereto. The Administrative Agent shall make such arrangements with the Banks as shall be necessary to
provide that each Bank shall hold its Commitment Percentage of the outstanding Revolving Credit Loans after giving effect to this Agreement, with all Eurodollar Breakage Costs and other amounts payable under Section 5.8 of the Credit Agreement,
if any, to be borne by the Borrower. 
 3. Affirmation and Acknowledgment. The Borrower hereby ratifies and confirms all of its
Obligations to the Banks, including, without limitation, the Loans, the Notes, the other Loan Documents, and the Borrower hereby affirms its absolute and unconditional promise to pay to the Banks all Obligations under (and as defined in) and upon
the terms and conditions set forth in the Credit Agreement. 
 4. Increase Lender and New Lender Provisions. (a) Subject to the
terms and conditions of this Agreement, each Increase Lender and each New Lender hereby agree to lend, without recourse to the Banks or the Administrative Agent, on and after the Increase Effective Date, that portion of the Total Commitment, as the
case may be, equal to the amount set forth on Annex 1 attached hereto opposite its name, in accordance with the terms and conditions set forth herein and in the Credit Agreement, and acknowledge, without limitation, that the Borrower may from
time to time borrow, repay and reborrow such amounts from each such Bank as provided in the Credit Agreement. Each New Lender hereby agrees to be bound by, and shall be entitled to the benefits of and, to the extent of its Commitment, shall be bound
by the obligations of, the terms and conditions of the Credit Agreement as if such New Lender had been one of the lending institutions originally executing the Credit Agreement as a “Bank”; provided that nothing herein shall be
construed as making any of the New Lenders liable to the Borrower or the other Banks in respect of any acts or omissions of any party to the Credit Agreement or in respect of any other event occurring prior to the Increase Effective Date.

 (b) Each New Lender (i) represents and warrants that it has full power and authority, and has taken all action necessary, to execute
and deliver this Agreement and to consummate the transactions contemplated hereby and to become a Bank under the Credit Agreement; (ii) confirms that it has received a copy of the Credit Agreement, together with copies of the most recent
financial statements delivered pursuant to Section 8.4 of the Credit Agreement and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Agreement; (iii) agrees
that it will, independently and without reliance upon the Banks or the Administrative Agent and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking
action under the Credit Agreement; (iv) represents 

  

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and warrants that it is an Eligible Assignee; (v) appoints and authorizes the Administrative Agent to take such action as Administrative Agent on its
behalf and to exercise such powers under the Credit Agreement and the other Loan Documents as are delegated to the Administrative Agent by the terms thereof, together with such powers as are reasonably incidental thereto; and (vi) agrees that
it will perform in accordance with their terms all of the obligations which by the terms of the Credit Agreement are required to be performed by it as a Bank. 
 5. Representations and Warranties. The Borrower hereby represents and warrants to the Banks as follows: 
 (a) The execution and delivery by the Borrower of this Agreement, and the performance by the Borrower of its obligations and agreements under this Agreement and the Credit Agreement, are within the authority of the
Borrower, have been duly authorized by all necessary proceedings on behalf of the Borrower and do not and will not materially contravene any provision of law, statute, rule or regulation to which the Borrower is subject or the Borrower’s
agreement of limited partnership or its certificate of limited partnership or of any agreement or other instrument binding upon the Borrower (except for any such failure to comply under any such agreement or other instrument as would not materially
and adversely affect the condition (financial or otherwise), properties, business or results of operations of Borrower). 
 (b) This
Agreement and the Credit Agreement constitute legal, valid and binding obligations of the Borrower, enforceable in accordance with their respective terms, except as limited by bankruptcy, insolvency, reorganization, moratorium or other laws relating
to or affecting generally the enforcement of creditors’ rights and except to the extent that availability of the remedy of specific performance or injunctive relief is subject to the discretion of the court before which any proceeding therefor
may be brought. 
 (c) Other than approvals or consents which have been obtained or those which would not have a material adverse effect on
Borrower, no approval or consent of any governmental agency or authority is required to make valid and legally binding the execution, delivery or performance by the Borrower of this Agreement; and no filing with any governmental agency or authority
is required in connection with the execution, delivery or performance by the Borrower of this Agreement, other than filings which will be made with the SEC when and as required by law or deemed appropriate by Borrower. 
 (d) The representations and warranties contained in Section 7 of the Credit Agreement and in the other Loan Documents are true and correct on and as
of the Increase Effective Date (except (i) to the extent of changes resulting from transactions contemplated or not prohibited by this Agreement or the other Loan Documents and changes occurring in the ordinary course of business and
(ii) to the extent that such representations and warranties relate expressly to an earlier date). 
 (e) No Default or Event of Default
has occurred and is continuing (both before and after giving effect to the Increase). 
  

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 6. Conditions Precedent. This Agreement shall be deemed to be effective as of the date
first written above (the “Increase Effective Date”), subject to the execution and delivery of the following documents, each in form and substance satisfactory to the Administrative Agent, and the payment of certain fees and expenses
noted below on or before such date: 
 (a) this Agreement executed by the Borrower, each New Lender, each Increase Lender and the
Administrative Agent; 
 (b) an Allonge amending each of the Revolving Credit Notes, duly executed, authorized and delivered by the Borrower
in favor of each Increase Lender; 
 (d) a Revolving Credit Note issued in favor of each New Lender in the original principal amount of such
New Lender’s Commitment, duly executed, authorized and delivered by the Borrower; 
 (d) a certificate dated as of the date hereof
signed by a Responsible Officer of the Borrower (i) certifying that the Increase is duly authorized by the Borrower and attaching the resolutions evidencing such authorization, and (ii) certifying that the Increase Conditions have been
satisfied and setting forth the applicable conditions; and 
 (e) payment by the Borrower in immediately available funds of the fees agreed
to in the fee letter entered into in connection with the Increase. 
 7. Payments to New Lenders. From and after the Increase
Effective Date, the Borrower shall make all payments in respect of any New Lenders’ Commitment, including payments of principal, interest, fees and other amounts payable under the Credit Agreement, to the Administrative Agent for the account of
such New Lender in accordance with the terms of the Credit Agreement. 
 8. Miscellaneous Provisions. 
 (a) This Agreement is intended to take effect as an agreement under seal and shall be construed according to and governed by the laws of the Commonwealth
of Massachusetts. 
 (b) This Agreement may be executed in any number of counterparts, but all such counterparts shall together constitute
but one instrument. In making proof of this Agreement it shall not be necessary to produce or account for more than one counterpart signed by each party hereto by and against which enforcement hereof is sought. Delivery of an executed counterpart of
a signature page of this Agreement by facsimile shall be as effective as delivery of an original executed counterpart of this Agreement. 
 (c) The Borrower hereby agrees to pay to the Administrative Agent, on demand by the Administrative Agent, all reasonable out-of-pocket costs and expenses incurred or sustained by the Administrative Agent in connection with the preparation
of this Agreement (including reasonable legal fees). 
  

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 IN WITNESS WHEREOF, the Borrower, the New Lenders, the Increase Lenders and the Administrative
Agent have duly executed this Agreement as of the date first above written. 
  

													
		 		  		 	BOSTON PROPERTIES LIMITED PARTNERSHIP
			
		 	By:	  	Boston Properties, Inc., its sole general partner
							
		 		  		 		  	By:	 	 /S/ MICHAEL E. LABELLE
	  	(SEAL)
		 		  		 		  	Name:	 	Michael E. LaBelle	  	
		 		  		 		  	Title:	 	Senior Vice President, Chief Financial Officer	  	
					
	ACKNOWLEDGED AND AGREED:	 		  		 		  	
						
	BOSTON PROPERTIES, INC.	  		 		  		 		  	
							
	By:	 	/S/ MICHAEL E. LABELLE	  	(SEAL)	 		  		 		  	
	Name:	 	Michael E. LaBelle	  		 		  		 		  	
	Title:	 	Senior Vice President, Chief Financial Officer	  		 		  		 		  	

  

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	BANK OF AMERICA, N.A., as Administrative Agent
		
	By:	 	 /S/ KATHLEEN M. CARRY

	Name:	 	Kathleen M. Carry
	Title:	 	Vice President


  

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	BANK OF AMERICA, N.A., as an Increase Lender
		
	By:	 	 /S/ JAMES P. JOHNSON

	Name:	 	James P. Johnson
	Title:	 	Senior Vice President


  

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	 JPMORGAN CHASE BANK, N.A.,
 as an Increase
Lender

		
	By:	 	 /S/ MARC E. CONSTANTINO

	Name:	 	Marc E. Constantino
	Title:	 	Executive Director


  

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	 THE BANK OF NEW YORK,
 as an Increase Lender


		
	By:	 	 /S/ KENNETH R. MCDONNELL

	Name:	 	Kenneth R. McDonnell
	Title:	 	Vice President


  

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	 RBS CITIZENS, NATIONAL ASSOCIATION,
 as an
Increase Lender

		
	By:	 	 /S/ DANIEL R. OULLETTE

	Name:	 	Daniel R. Oullette
	Title:	 	Senior Vice President


  

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	 DEUTSCHE BANK TRUST COMPANY AMERICAS,
 as an Increase Lender

		
	By:	 	 /S/ PERRY FORMAN

	Name:	 	Perry Forman
	Title:	 	Director


  

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	 PNC BANK, NATIONAL ASSOCIATION,
 as an Increase Lender

		
	By:	 	 /S/ ANDREW D. COLER

	Name:	 	Andrew D. Coler
	Title:	 	Senior Vice President


  

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	 U.S. BANK NATIONAL ASSOCIATION,
 as an Increase Lender

		
	By:	 	 /S/ DAVID MILLER

	Name:	 	David Miller
	Title:	 	Vice President


  

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	 SUNTRUST BANK,
 as a New
Lender

		
	By:	 	 /S/ NANCY B. RICHARDS

	Name:	 	Nancy B. Richards
	Title:	 	Senior Vice President


  

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	 MORGAN STANLEY BANK,
 as a New
Lender

		
	By:	 	 /S/ DANIEL TWENGE

	Name:	 	Daniel Twenge
	Title:	 	Authorized Signatory


  

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