##### 



Exhibit 10.11




---



##### 



SECTION 1.1. Definitions
    
    
    1SECTION 1.2. Accounting Terms and Determinations
    
    
    25SECTION 1.3. Types of Borrowings
    
    
    26ARTICLE II 
THE CREDITSSECTION 2.1. Commitments to Lend
    
    
    26SECTION 2.2. Notice of Borrowing
    
    
    26SECTION 2.3. Intentionally Omitted
    
    
    27SECTION 2.4. Intentionally Omitted
    
    
    27SECTION 2.5. Notice to Banks; Funding of Loans
    
    
    27SECTION 2.6. Notes
    
    
    28SECTION 2.7. Method of Electing Interest Rates
    
    
    29SECTION 2.8. Interest Rates
    
    
    30SECTION 2.9. Intentionally Omitted
    
    
    31SECTION 2.10. Maturity Date
    
    
    31SECTION 2.11. Optional Prepayments
    
    
    31SECTION 2.12. General Provisions as to Payments
    
    
    32SECTION 2.13. Funding Losses
    
    
    32SECTION 2.14. Computation of Interest
    
    
    33SECTION 2.15. Use of Proceeds
    
    
    33ARTICLE III 
CONDITIONSSECTION 3.1. Closing
    
    
    33SECTION 3.2. Borrowing
    
    
    35ARTICLE IV 
REPRESENTATIONS AND WARRANTIESSECTION 4.1. Existence and Power
    
    
    36SECTION 4.2. Power and Authority
    
    
    36SECTION 4.3. No Violation
    
    
    37SECTION 4.4. Financial Information
    
    
    37SECTION 4.5. Litigation
    
    
    38SECTION 4.6. Compliance with ERISA
    
    
    38SECTION 4.7. Environmental
    
    
    38SECTION 4.8. Taxes
    
    
    39SECTION 4.9. Full Disclosure
    
    
    39SECTION 4.10. Solvency
    
    
    39i




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##### 



SECTION 4.11. Use of Proceeds
    
    
    39SECTION 4.12. Governmental Approvals
    
    
    39SECTION 4.13. Investment Company Act; Public Utility Holding Company Act
    
    
    40SECTION 4.14. Principal Offices
    
    
    40SECTION 4.15. REIT Status
    
    
    40SECTION 4.16. Patents, Trademarks, etc.
    
    
    40SECTION 4.17. Judgments
    
    
    40SECTION 4.18. No Default
    
    
    40SECTION 4.19. Licenses, etc.
    
    
    40SECTION 4.20. Compliance With Law
    
    
    40SECTION 4.21. No Burdensome Restrictions
    
    
    41SECTION 4.22. Brokers Fees
    
    
    41SECTION 4.23. Intentionally Omitted
    
    
    41SECTION 4.24. Intentionally Omitted
    
    
    41SECTION 4.25. Organizational Documents
    
    
    41SECTION 4.26. Qualifying Unencumbered Properties
    
    
    41ARTICLE V 
AFFIRMATIVE AND NEGATIVE COVENANTSSECTION 5.1. Information
    
    
    42SECTION 5.2. Payment of Obligations
    
    
    45SECTION 5.3. Maintenance of Property; Insurance; Leases
    
    
    45SECTION 5.4. Maintenance of Existence
    
    
    45SECTION 5.5. Compliance with Laws
    
    
    45SECTION 5.6. Inspection of Property, Books and Records
    
    
    46SECTION 5.7. Existence
    
    
    46SECTION 5.8. Financial Covenants
    
    
    46SECTION 5.9. Restriction on Fundamental Changes
    
    
    47SECTION 5.10. Changes in Business
    
    
    48SECTION 5.11. EOPT Status
    
    
    48SECTION 5.12. Other Indebtedness
    
    
    49SECTION 5.13. Forward Equity Contracts
    
    
    50ARTICLE VI 
DEFAULTSSECTION 6.1. Events of Default
    
    
    50SECTION 6.2. Rights and Remedies
    
    
    53SECTION 6.3. Notice of Default
    
    
    53SECTION 6.4. Distribution of Proceeds after Default
    
    
    54ARTICLE VII 
THE AGENTSSECTION 7.1. Appointment and Authorization
    
    
    54SECTION 7.2. Agency and Affiliates
    
    
    54ii




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##### 



SECTION 7.3. Action by Administrative Agent
    
    
    54SECTION 7.4. Consultation with Experts
    
    
    55SECTION 7.5. Liability of Administrative Agent
    
    
    55SECTION 7.6. Indemnification
    
    
    55SECTION 7.7. Credit Decision
    
    
    55SECTION 7.8. Successor Administrative Agent
    
    
    56SECTION 7.9. Consents and Approvals
    
    
    56ARTICLE VIII 
CHANGE IN CIRCUMSTANCESSECTION 8.1. Basis for Determining Interest Rate Inadequate or Unfair
    
    
    57SECTION 8.2. Illegality
    
    
    57SECTION 8.3. Increased Cost and Reduced Return
    
    
    58SECTION 8.4. Taxes
    
    
    60SECTION 8.5. Base Rate Loans Substituted for Affected Euro-Dollar Loans
    
    
    62ARTICLE IX 
MISCELLANEOUSSECTION 9.1. Notices
    
    
    63SECTION 9.2. No Waivers
    
    
    63SECTION 9.3. Expenses; Indemnification
    
    
    63SECTION 9.4. Sharing of Set-Offs
    
    
    65SECTION 9.5. Amendments and Waivers
    
    
    65SECTION 9.6. Successors and Assigns
    
    
    66SECTION 9.7. Collateral
    
    
    68SECTION 9.8. Governing Law; Submission to Jurisdiction
    
    
    68SECTION 9.9. Counterparts; Integration;. Effectiveness
    
    
    68SECTION 9.10. WAIVER OF JURY TRIAL
    
    
    69SECTION 9.11. Survival
    
    
    69SECTION 9.12. Domicile of Loans
    
    
    69SECTION 9.13. Limitation of Liability
    
    
    69SECTION 9.14. Recourse Obligation
    
    
    69SECTION 9.15. Confidentiality
    
    
    69SECTION 9.16. Banks Failure to Fund
    
    
    70SECTION 9.17. Banks ERISA Covenant
    
    
    75SECTION 9.18. Administrative Agent May File Proofs of Claim
    
    
    75SECTION 9.19. USA Patriot Act
    
    
    76SECTION 9.20. Public/Private Information
    
    
    76iii




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##### 



SCHEDULE 1.1SCHEDULE 4.4 (b)SCHEDULE 5.11(c)(1)SCHEDULE 5.11(c)(2)SCHEDULE 5.11(c)(3)EXHIBIT A - Form of NoteEXHIBIT B - Transfer SupplementEXHIBIT C - Notice Addressesiv




---



##### 



Agreement Borrower
    Definitions




---



##### 



provided further
 2




---



##### 



Range of
    
    ApplicableBorrowers
    
    Margin for
    
    ApplicableCredit Rating
    
    Base Rate
    
    Margin for Euro(S&P/Moodys
    
    Loans Dollar
    
    LoansRatings)
    
    (% per annum)
    

(%
per annum)Non-Investment Grade
    
    
    0.0
    
    
    
    1.10BBB-/Baa3
    
    
    0.0
    
    
    
    0.75BBB/Baa2
    
    
    0.0
    
    
    
    0.55BBB+/Baa1
    
    
    0.0
    
    
    
    0.45A-/A3 or better
    
    
    0.0
    
    
    
    0.40
    provided however
  3




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4




---



##### 



5




---



##### 



6




---



##### 



7




---



##### 



8




---



##### 



9




---



##### 



Euro-Dollar Base RateEuro-Dollar Rate =
    
    1.00  Euro-Dollar Reserve Percentage
      10




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11




---



##### 



12




---



##### 



13




---



##### 



provided further
    14




---



##### 



15




---



##### 



16




---



##### 



17




---



##### 



18




---



##### 



19




---



##### 



provided however Recourse
Carveout Event
    20




---



##### 



21




---



##### 



22




---



##### 



23




---



##### 



provided however
 24




---



##### 



Accounting Terms and Determinations
 25




---



##### 



Types of Borrowings e.g. i.e.
   Commitments to Lend
 Notice of Borrowing
    26




---



##### 



Intentionally Omitted
 Intentionally Omitted
 Notice to Banks; Funding of Loans
     27




---



##### 



Notes
      28




---



##### 



Method of Electing Interest Rates
    Notice of Interest Rate
Election
      29




---



##### 



Interest Rates
    Default Rate
    30




---



##### 



Intentionally Omitted
 Maturity Date
 Term
  Optional Prepayments
    General Provisions as to Payments
 31




---



##### 



Funding Losses
 32




---



##### 



Computation of Interest
 Use of Proceeds
   Closing
      33




---



##### 



34




---



##### 



Borrowing
         35




---



##### 



Existence and Power
 Power and Authority
 No Violation
 36




---



##### 



Financial Information
  37




---



##### 



Litigation
 Compliance with ERISA
 Environmental
 38




---



##### 



Taxes
 Full Disclosure
 Solvency
 Use of Proceeds
 Governmental Approvals
 Investment Company Act; Public Utility Holding Company Act
 39




---



##### 



Principal Offices
 REIT Status
 Patents, Trademarks, etc
 Judgments
 No Default
 Licenses, etc
 Compliance With Law
 40




---



##### 



No Burdensome Restrictions
 Brokers Fees
 Intentionally Omitted
 Intentionally Omitted
 Organizational Documents
 Qualifying Unencumbered Properties
   41




---



##### 



Information
    42




---



##### 



43




---



##### 



Payment of Obligations
 44




---



##### 



Maintenance of Property; Insurance; Leases
   Maintenance of Existence
 Compliance with Laws
 Inspection of Property, Books and Records
 45




---



##### 



Existence
 Financial Covenants
 Total Debt to Total Asset Value
 Cash Flow to Fixed Charges Ratio
 Secured Debt to Total Asset Value
 Unencumbered Pool
 46




---



##### 



Permitted Holdings
 No Liens
 Calculation
 Restriction on Fundamental Changes
   47




---



##### 



Changes in Business
   EOPT Status
 Status
 Indebtedness
   Restriction on Fundamental Changes
  48




---



##### 



Environmental Liabilities
 Disposal of Partnership Interests
 Other Indebtedness
 Forward Equity Contracts
 49




---



##### 



Events of Default
      50




---



##### 



Continuing EOPT Trustees
 51




---



##### 



Rights and Remedies
 52




---



##### 



Notice of Default
 53




---



##### 



Distribution of Proceeds after Default
   Appointment and Authorization
 Agency and Affiliates
 Action by Administrative Agent
 Consultation with Experts
 54




---



##### 



Liability of Administrative Agent
 Indemnification
 Credit Decision
 55




---



##### 



Successor Administrative Agent
 Consents and Approvals Bank Reply
Period
 56




---



##### 



Basis for Determining Interest Rate Inadequate or Unfair
 Illegality
 57




---



##### 



Increased Cost and Reduced Return
   58




---



##### 



Taxes
  59




---



##### 



Non-Excluded Taxes
 Other Taxes
   60




---



##### 



provided however
  61




---



##### 



Base Rate Loans Substituted for Affected Euro-Dollar Loans
      62




---



##### 



Notices
 No Waivers
 Expenses; Indemnification
 provided however
 63




---



##### 



Indemnitee
 64




---



##### 



Sharing of Set-Offs
 Amendments and Waivers
 65




---



##### 



Successors and Assigns
  Participant Participant
 Assignee
 66




---



##### 



Intentionally Omitted
     67




---



##### 



provided however
 Collateral
 Governing Law; Submission to Jurisdiction
   Counterparts; Integration;. Effectiveness
 68




---



##### 



WAIVER OF JURY TRIAL
 Survival
 Domicile of Loans
 Limitation of Liability
 Recourse Obligation
 Confidentiality
 69




---



##### 



Banks Failure to Fund
    70




---



##### 



71




---



##### 



72




---



##### 



73




---



##### 



provided however
 74




---



##### 



Banks ERISA Covenant
 Administrative Agent May File Proofs of Claim
  75




---



##### 



USA Patriot Act Act
 Public/Private Information
 76




---



##### 



77




---



##### 



EOP OPERATING LIMITED PARTNERSHIP,a Delaware limited partnershipBy:
    
    Equity Office Properties Trust, a Maryland realestate investment trust, its general partner
 By:
    
    /s/ Maureen FearName:
    
    Maureen FearTitle:
    
    Senior Vice President, Treasurer
 Facsimile number: (312) 559-5009Address:
    
    Two North Riverside PlazaSuite 2100Chicago, Illinois 60606Attn: Chief Financial Officer
 
 
 By:
    
    /s/ Maureen FearName: Maureen FearTitle: Senior Vice President, Treasurer
  S-1




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##### 



MERRILL LYNCH BANK USA, as Administrative Agent and as a BankBy:
    
    /s/ Frank StepanName:
    
    Frank StepanTitle:
    
    Vice PresidentCommitment: $500,000,000
 S-2




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##### 



JDE #
    
    Property Name
    
    Bldg Count
    
    Sq Ft10020
    
    
    60 Spear Street
    
    
    1
    
    
    
    133,78210060
    
    
    Intercontinental Center
    
    
    1
    
    
    
    194,80110080
    
    
    Four Forest
    
    
    1
    
    
    
    394,32410100
    
    
    Northborough Tower
    
    
    1
    
    
    
    207,90810150
    
    
    Community Corporate Center
    
    
    1
    
    
    
    250,16910170
    
    
    Denver Corporate Center II
    
    
    2
    
    
    
    375,13910200
    
    
    San Jacinto Center
    
    
    1
    
    
    
    403,32910210
    
    
    1111 19th Street
    
    
    1
    
    
    
    252,01410220
    
    
    Shelton Pointe
    
    
    1
    
    
    
    159,85310240
    
    
    North Central Plaza Three
    
    
    1
    
    
    
    346,57510250
    
    
    The Quadrant
    
    
    1
    
    
    
    317,21810260
    
    
    Canterbury Green
    
    
    1
    
    
    
    226,19710270
    
    
    Three Stamford Plaza
    
    
    1
    
    
    
    242,73210280
    
    
    Union Square
    
    
    1
    
    
    
    194,39810290
    
    
    One North Franklin
    
    
    1
    
    
    
    617,59210300
    
    
    1620 L Street
    
    
    1
    
    
    
    156,27210310
    
    
    One Stamford Plaza
    
    
    1
    
    
    
    214,13610320
    
    
    Two Stamford Plaza
    
    
    1
    
    
    
    251,51010330
    
    
    300 Atlantic
    
    
    1
    
    
    
    270,49710350
    
    
    1700 Higgins
    
    
    1
    
    
    
    134,28310360
    
    
    Northwest Center
    
    
    1
    
    
    
    241,24810370
    
    
    One Congress
    
    
    1
    
    
    
    517,84910380
    
    
    One Crosswoods
    
    
    1
    
    
    
    129,58310410
    
    
    One Lakeway Center
    
    
    1
    
    
    
    289,11210420
    
    
    Two Lakeway Center
    
    
    1
    
    
    
    440,82610430
    
    
    Three Lakeway Center
    
    
    1
    
    
    
    462,89010450
    
    
    28 State
    
    
    1
    
    
    
    570,04010480
    
    
    9400 NCX Building
    
    
    1
    
    
    
    379,55610500
    
    
    Four Stamford Plaza
    
    
    1
    
    
    
    261,19510510
    
    
    1920 Main Plaza
    
    
    1
    
    
    
    305,66210520
    
    
    Paces West
    
    
    2
    
    
    
    646,47110540
    
    
    2010 Main Plaza
    
    
    1
    
    
    
    280,88210550
    
    
    1100 Executive Tower
    
    
    1
    
    
    
    366,74710580
    
    
    161 N. Clark
    
    
    1
    
    
    
    1,010,52010610
    
    
    One American Center
    
    
    1
    
    
    
    505,77010640
    
    
    1601 Market Street
    
    
    1
    
    
    
    681,28910660
    
    
    Two California Plaza
    
    
    1
    
    
    
    1,329,81010670
    
    
    One Phoenix Plaza
    
    
    1
    
    
    
    586,40310680
    
    
    Colonnade
    
    
    1
    
    
    
    168,63710690
    
    
    49 East Thomas
    
    
    1
    
    
    
    18,89210730
    
    
    177 Broad Street
    
    
    1
    
    
    
    188,02910750
    
    
    Oakbrook Terrace Tower
    
    
    1
    
    
    
    772,92810760
    
    
    Maritime Plaza
    
    
    1
    
    
    
    534,87410770
    
    
    Smith Barney Building
    
    
    1
    
    
    
    187,99910780
    
    
    201 Mission
    
    
    1
    
    
    
    483,289




---



##### 



JDE #
    
    Property Name
    
    Bldg Count
    
    Sq Ft10790
    
    
    30 N. Lasalle
    
    
    1
    
    
    
    909,24510800
    
    
    Four Falls
    
    
    1
    
    
    
    254,35510810
    
    
    Oak Hill Plaza
    
    
    1
    
    
    
    164,36010820
    
    
    Two Valley Square
    
    
    1
    
    
    
    70,62210830
    
    
    Four/Five Valley Square
    
    
    2
    
    
    
    68,32110840
    
    
    One Devon Square
    
    
    1
    
    
    
    73,26710850
    
    
    Two Devon Square
    
    
    1
    
    
    
    63,22610860
    
    
    Three Devon Square
    
    
    1
    
    
    
    6,00010880
    
    
    One Valley Square
    
    
    1
    
    
    
    70,29010890
    
    
    Three Valley Square
    
    
    1
    
    
    
    84,60510920
    
    
    1111 West 22nd Street
    
    
    1
    
    
    
    224,84710930
    
    
    Presidents Plaza
    
    
    4
    
    
    
    818,71210940
    
    
    Civic Opera House
    
    
    1
    
    
    
    841,77810950
    
    
    Tri State International
    
    
    5
    
    
    
    546,26310970
    
    
    200 W. Adams
    
    
    1
    
    
    
    677,22210980
    
    
    10960 Wilshire
    
    
    1
    
    
    
    576,01810990
    
    
    10880 Wilshire
    
    
    1
    
    
    
    534,04711000
    
    
    Lake Marriott Business Park
    
    
    7
    
    
    
    401,40211010
    
    
    Shoreline Technology Park
    
    
    12
    
    
    
    726,50811020
    
    
    Sunnyvale Business Center
    
    
    4
    
    
    
    175,00011030
    
    
    225 Franklin Street
    
    
    1
    
    
    
    916,72211040
    
    
    150 Federal Street
    
    
    1
    
    
    
    529,73011050
    
    
    175 Federal Street
    
    
    1
    
    
    
    207,36611070
    
    
    Russia Wharf
    
    
    1
    
    
    
    313,33311080
    
    
    Center Plaza
    
    
    1
    
    
    
    650,40611090
    
    
    2 Oliver/147 Milk
    
    
    1
    
    
    
    270,30211100
    
    
    South Station
    
    
    1
    
    
    
    184,18311120
    
    
    Wellesley Office Park
    
    
    4
    
    
    
    216,42011130
    
    
    175 Wyman Street
    
    
    3
    
    
    
    335,20811140
    
    
    New England Executive Park
    
    
    8
    
    
    
    756,22811160
    
    
    Ten Canal Park
    
    
    1
    
    
    
    110,84311170
    
    
    Crosby Corporate Center
    
    
    6
    
    
    
    336,60111190
    
    
    One Canal Park
    
    
    1
    
    
    
    98,60711200
    
    
    Riverview
    
    
    1
    
    
    
    148,55211220
    
    
    1616 North Fort Myer
    
    
    1
    
    
    
    292,82611230
    
    
    1300 N. 17th Street
    
    
    1
    
    
    
    380,19911270
    
    
    Centerpointe
    
    
    2
    
    
    
    407,18611280
    
    
    1333 H Street
    
    
    1
    
    
    
    244,58511290
    
    
    Lakeside Office Atlanta
    
    
    5
    
    
    
    390,72111340
    
    
    101 N. Wacker
    
    
    1
    
    
    
    575,29411350
    
    
    Riverside
    
    
    1
    
    
    
    494,71011370
    
    
    150 California
    
    
    1
    
    
    
    201,78711390
    
    
    Crosby Corporate Center II
    
    
    3
    
    
    
    257,52811400
    
    
    John Marshall III
    
    
    1
    
    
    
    180,00011410
    
    
    E.J. Randolph II
    
    
    1
    
    
    
    125,64611420
    
    
    Wellesley Office Park 5-7
    
    
    3
    
    
    
    362,42111430
    
    
    Wellesley Office Park 8
    
    
    1
    
    
    
    62,95211440
    
    
    New England Executive Park 17
    
    
    1
    
    
    
    56,89011490
    
    
    Lakeside Square
    
    
    1
    
    
    
    397,32811510
    
    
    Fair Oaks Plaza
    
    
    1
    
    
    
    177,55911520
    
    
    8080 N. Central Expressway
    
    
    1
    
    
    
    283,707




---



##### 



JDE #
    
    Property Name
    
    Bldg Count
    
    Sq Ft11530
    
    
    2500 City West
    
    
    1
    
    
    
    574,21611540
    
    
    1700 Market Street
    
    
    1
    
    
    
    841,17211550
    
    
    Brookhollow Central
    
    
    3
    
    
    
    797,97111560
    
    
    Nordstrom Medical Tower
    
    
    1
    
    
    
    98,38211580
    
    
    Wells Fargo Center-Seattle
    
    
    1
    
    
    
    944,57411590
    
    
    Second & Seneca
    
    
    2
    
    
    
    480,27211600
    
    
    1111 Third Avenue
    
    
    1
    
    
    
    558,82211610
    
    
    Rainier Plaza
    
    
    1
    
    
    
    410,85511620
    
    
    One Bellevue Center
    
    
    1
    
    
    
    360,72911630
    
    
    Congress Center
    
    
    1
    
    
    
    369,12011640
    
    
    550 S. Hope
    
    
    1
    
    
    
    566,43411660
    
    
    One Lafayette
    
    
    1
    
    
    
    314,63411670
    
    
    LaSalle Plaza
    
    
    1
    
    
    
    588,90811690
    
    
    100 Summer Street
    
    
    1
    
    
    
    1,034,60511700
    
    
    The Tower at NEEP
    
    
    1
    
    
    
    199,86011710
    
    
    Denver Post Tower
    
    
    1
    
    
    
    579,99911730
    
    
    301 Howard Building
    
    
    1
    
    
    
    307,39611750
    
    
    410 Building
    
    
    1
    
    
    
    396,04711760
    
    
    Trinity Place
    
    
    1
    
    
    
    189,16311770
    
    
    Tabor Building
    
    
    2
    
    
    
    692,38711790
    
    
    4949 S. Syracuse
    
    
    1
    
    
    
    62,63311800
    
    
    Metropoint I
    
    
    1
    
    
    
    263,71611820
    
    
    The Solarium
    
    
    1
    
    
    
    162,81711830
    
    
    Terrace Building
    
    
    1
    
    
    
    115,40811850
    
    
    Dominion Plaza
    
    
    1
    
    
    
    571,46811860
    
    
    Millennium Building
    
    
    1
    
    
    
    330,03311890
    
    
    Polk & Taylor Buildings
    
    
    2
    
    
    
    902,32211910
    
    
    Northland Plaza
    
    
    1
    
    
    
    296,96711940
    
    
    Second & Spring
    
    
    1
    
    
    
    130,42111960
    
    
    Colonnade Office A&B Dallas
    
    
    2
    
    
    
    606,61511970
    
    
    Colonnade Office C Dallas
    
    
    1
    
    
    
    377,63911990
    
    
    Prominence at Buckhead
    
    
    1
    
    
    
    424,30912000
    
    
    World Trade Center
    
    
    1
    
    
    
    186,91212080
    
    
    City Center Bellevue
    
    
    1
    
    
    
    472,58512110
    
    
    Computer Associates Tower
    
    
    1
    
    
    
    360,81512120
    
    
    Texas Commerce Tower
    
    
    1
    
    
    
    369,13412200
    
    
    Palo Alto-BS
    
    
    6
    
    
    
    322,22812430
    
    
    Wells Fargo CenterSacramento
    
    
    1
    
    
    
    502,36512470
    
    
    Exposition Centre
    
    
    1
    
    
    
    72,98512500
    
    
    Norris Tech
    
    
    3
    
    
    
    260,82512510
    
    
    One & Two ADP Plaza
    
    
    2
    
    
    
    300,24912520
    
    
    Corporate Centre
    
    
    2
    
    
    
    328,81012540
    
    
    PeopleSoft Plaza
    
    
    1
    
    
    
    277,56212550
    
    
    Pruneyard Office Towers
    
    
    3
    
    
    
    354,77212560
    
    
    Pruneyard Inn12570
    
    
    Pruneyard Shopping Center
    
    
    2
    
    
    
    252,21012580
    
    
    Seaport Centre
    
    
    13
    
    
    
    465,95512590
    
    
    Ten Almaden
    
    
    1
    
    
    
    299,68512600
    
    
    18301 Von Karman
    
    
    1
    
    
    
    219,53712610
    
    
    2677 North Main
    
    
    1
    
    
    
    215,00312630
    
    
    429 Santa Monica Boulevard
    
    
    1
    
    
    
    84,798




---



##### 



JDE #
    
    Property Name
    
    Bldg Count
    
    Sq Ft12700
    
    
    Searise Office Tower
    
    
    1
    
    
    
    124,11612760
    
    
    200 Galleria
    
    
    1
    
    
    
    438,27312780
    
    
    527 Madison Avenue
    
    
    1
    
    
    
    215,33212820
    
    
    One Lincoln Centre
    
    
    1
    
    
    
    294,97212880
    
    
    Bay Park Plaza I & II
    
    
    2
    
    
    
    257,05812900
    
    
    One Bay Plaza
    
    
    1
    
    
    
    176,53312950
    
    
    120 Montgomery
    
    
    1
    
    
    
    420,31012960
    
    
    Market Square
    
    
    2
    
    
    
    681,05112970
    
    
    191 Peachtree Tower
    
    
    1
    
    
    
    1,215,28812980
    
    
    222 Berkley
    
    
    1
    
    
    
    519,60812990
    
    
    500 Boyleston
    
    
    1
    
    
    
    706,86413010
    
    
    Parkside Tower
    
    
    2
    
    
    
    398,46013020
    
    
    Seaport Plaza
    
    
    2
    
    
    
    159,35013250
    
    
    Three Lafayette
    
    
    1
    
    
    
    259,44113260
    
    
    Metropoint II REIT
    
    
    1
    
    
    
    150,67313300
    
    
    2 Lafayette
    
    
    1
    
    
    
    130,70413310
    
    
    Sunset North REIT
    
    
    3
    
    
    
    465,01313370
    
    
    500 Orange Tower
    
    
    1
    
    
    
    290,76513400
    
    
    Santa Clara Office Center I
    
    
    1
    
    
    
    54,70113410
    
    
    Stender Way II
    
    
    1
    
    
    
    61,82513420
    
    
    Santa Clara Office Center
    
    
    2
    
    
    
    75,19713430
    
    
    Gateway Office-Phase I
    
    
    2
    
    
    
    152,32613440
    
    
    Scott Boulevard
    
    
    1
    
    
    
    48,00013450
    
    
    Santa Clara Office Center III
    
    
    1
    
    
    
    47,62113460
    
    
    Bakersfield Warehouse
    
    
    1
    
    
    
    130,60013470
    
    
    Gateway Office-Phase II
    
    
    2
    
    
    
    313,97213490
    
    
    3045 Stender Way
    
    
    1
    
    
    
    27,00013500
    
    
    2727 Augustine
    
    
    1
    
    
    
    84,00013520
    
    
    The Alameda
    
    
    1
    
    
    
    44,28713530
    
    
    Creekside
    
    
    4
    
    
    
    241,01913540
    
    
    North First Office Center
    
    
    2
    
    
    
    147,01613550
    
    
    Cupertino Business Center
    
    
    2
    
    
    
    64,68013560
    
    
    455 University Avenue
    
    
    1
    
    
    
    30,98513570
    
    
    1710 Little Orchard
    
    
    1
    
    
    
    212,84013580
    
    
    8880 Cal Center Drive
    
    
    1
    
    
    
    118,17213590
    
    
    740 University Avenue
    
    
    1
    
    
    
    14,10813600
    
    
    Applied Materials
    
    
    2
    
    
    
    181,85013610
    
    
    Santa Clara Office Ctr IV
    
    
    1
    
    
    
    5,29013620
    
    
    Aspect Telecommunications
    
    
    1
    
    
    
    76,80613630
    
    
    Gateway Oaks II
    
    
    1
    
    
    
    66,23213640
    
    
    Gateway Oaks I
    
    
    1
    
    
    
    122,64113650
    
    
    Cadillac Court
    
    
    1
    
    
    
    44,51713660
    
    
    701 University
    
    
    1
    
    
    
    47,90713680
    
    
    Christie/Shellmound Industrial
    
    
    2
    
    
    
    56,89813690
    
    
    The Orchard
    
    
    1
    
    
    
    65,39213700
    
    
    555 University Avenue
    
    
    1
    
    
    
    59,64513710
    
    
    575 + 601 University Ave
    
    
    2
    
    
    
    78,10313740
    
    
    655 University Avenue
    
    
    1
    
    
    
    43,75013760
    
    
    Patrick Henry Drive
    
    
    1
    
    
    
    68,98713770
    
    
    COG Warehouse
    
    
    1
    
    
    
    120,60013780
    
    
    Okidata Distribution Center
    
    
    1
    
    
    
    100,224




---



##### 



JDE #
    
    Property Name
    
    Bldg Count
    
    Sq Ft13790
    
    
    SMBP 2951 28th Street
    
    
    1
    
    
    
    85,00013810
    
    
    Independent Road Warehouse
    
    
    1
    
    
    
    132,00013830
    
    
    BayCenter Business Park Ph II
    
    
    4
    
    
    
    128,70013840
    
    
    Keebler Warehouse
    
    
    1
    
    
    
    67,56313850
    
    
    Fremont Commerce Ctr Ph III
    
    
    1
    
    
    
    64,00013860
    
    
    Lockheed Building
    
    
    1
    
    
    
    42,89913870
    
    
    Xerox Campus
    
    
    5
    
    
    
    205,59313880
    
    
    Foothill Research
    
    
    4
    
    
    
    192,12013890
    
    
    Montague Industrial Center
    
    
    6
    
    
    
    315,60013910
    
    
    Cabot Boulevard Warehouse
    
    
    1
    
    
    
    248,86013940
    
    
    Eden Landing Business Ctr
    
    
    1
    
    
    
    82,79613950
    
    
    The Good Guys Distrib Ctr
    
    
    1
    
    
    
    459,83313980
    
    
    2180 Sand Hill Road
    
    
    1
    
    
    
    40,21613990
    
    
    Point West III-River Park Dr
    
    
    1
    
    
    
    72,08814000
    
    
    Point West I-Response Road
    
    
    1
    
    
    
    46,88514010
    
    
    1900 McCarthy
    
    
    1
    
    
    
    80,70914020
    
    
    Redwood Shores
    
    
    1
    
    
    
    78,02214030
    
    
    BayCenter Business Park Ph I
    
    
    5
    
    
    
    148,66514040
    
    
    Point West Commercentre
    
    
    1
    
    
    
    119,06314050
    
    
    2905-2909 Stender Way
    
    
    1
    
    
    
    51,15014060
    
    
    Meier Central South
    
    
    6
    
    
    
    149,00314070
    
    
    Meier Mountain View
    
    
    8
    
    
    
    270,44814080
    
    
    Meier North Santa Clara
    
    
    5
    
    
    
    113,32814090
    
    
    Meier Sunnyvale-Bldg 18
    
    
    1
    
    
    
    22,40014120
    
    
    Walsh at LaFayette
    
    
    4
    
    
    
    320,50514130
    
    
    Ridder Park
    
    
    1
    
    
    
    83,84114140
    
    
    Gateway Oaks III
    
    
    1
    
    
    
    46,22714160
    
    
    Cadillac Court II
    
    
    1
    
    
    
    36,12014170
    
    
    4900 + 5000 Meadows-Cons
    
    
    2
    
    
    
    144,27514180
    
    
    Doolittle Business Center
    
    
    4
    
    
    
    113,19614230
    
    
    One Pacific Heights
    
    
    1
    
    
    
    120,47314260
    
    
    Bayside Corporate Center
    
    
    2
    
    
    
    84,92514290
    
    
    American River Drive
    
    
    3
    
    
    
    121,58314300
    
    
    Inwood Park
    
    
    1
    
    
    
    157,48014310
    
    
    Benicia Ind II
    
    
    3
    
    
    
    484,72014390
    
    
    2290 North First Street
    
    
    1
    
    
    
    75,38114400
    
    
    Port of Oakland
    
    
    3
    
    
    
    199,73314410
    
    
    Dove Street
    
    
    1
    
    
    
    78,34014450
    
    
    Fairchild Corporate Center
    
    
    1
    
    
    
    105,00514460
    
    
    Charcot Business Center
    
    
    4
    
    
    
    163,93214480
    
    
    Dixon Landing
    
    
    4
    
    
    
    202,88514490
    
    
    Kifer Road Industrial Park
    
    
    4
    
    
    
    287,30014510
    
    
    BayCenter Business Pk Ph III
    
    
    2
    
    
    
    116,94114520
    
    
    Fidelity Plaza
    
    
    2
    
    
    
    76,62814530
    
    
    Central Park Plaza
    
    
    6
    
    
    
    304,24114550
    
    
    Wood Island Office Complex
    
    
    2
    
    
    
    76,60914580
    
    
    Ravendale at Central
    
    
    2
    
    
    
    80,45014620
    
    
    The City
    
    
    3
    
    
    
    458,94914670
    
    
    Emeryville Tower
    
    
    6
    
    
    
    1,251,17814680
    
    
    Brea Park Centre
    
    
    3
    
    
    
    168,07214690
    
    
    Bridge Pointe Corp
    
    
    2
    
    
    
    372,653




---



##### 



JDE #
    
    Property Name
    
    Bldg Count
    
    
    Sq Ft14700
    
    The City-3800 Chapman
    
    
    1
    
    
    
    157,23114710
    
    555 Twin Dolphin Plaza
    
    
    1
    
    
    
    198,49414720
    
    Metro Plaza
    
    
    2
    
    
    
    416,00614740
    
    Fountaingrove Center
    
    
    3
    
    
    
    161,05514750
    
    Sierra Point
    
    
    1
    
    
    
    99,15014760
    
    Pasadena Financial
    
    
    1
    
    
    
    148,20114770
    
    Century Square
    
    
    1
    
    
    
    205,65314780
    
    Brea Corporate Plaza
    
    
    1
    
    
    
    117,19514790
    
    Point West Corporate Center
    
    
    2
    
    
    
    144,89014800
    
    3280 E. Foothill Blvd.
    
    
    1
    
    
    
    150,95114810
    
    Gateway Office-Phase III
    
    
    1
    
    
    
    123,25014820
    
    Arboretum Courtyard
    
    
    1
    
    
    
    139,10314830
    
    Lafayette Terrace
    
    
    1
    
    
    
    47,39214840
    
    Brea Financial Commons
    
    
    3
    
    
    
    164,48914850
    
    Sepulveda Center
    
    
    1
    
    
    
    171,36514860
    
    Brea Corporate Place
    
    
    2
    
    
    
    328,30514890
    
    Huntwood Business Center
    
    
    3
    
    
    
    176,05614900
    
    Fremont Commerce Center
    
    
    3
    
    
    
    269,98314910
    
    790 Colorado
    
    
    1
    
    
    
    130,81114920
    
    Tower Seventeen
    
    
    1
    
    
    
    230,75514930
    
    Gateway Oaks IV
    
    
    1
    
    
    
    81,87614940
    
    Nobel Corporate Plaza
    
    
    1
    
    
    
    102,68614950
    
    Pacific Ridge Corporate Ctr
    
    
    1
    
    
    
    120,98014960
    
    San Mateo BayCenter I
    
    
    1
    
    
    
    121,22414970
    
    Treat Towers
    
    
    1
    
    
    
    367,31314980
    
    Johnson Ranch Corporate Ctr
    
    
    5
    
    
    
    179,99015000
    
    Oak Creek
    
    
    2
    
    
    
    70,94315010
    
    Milmont R+D
    
    
    1
    
    
    
    64,00015020
    
    Kato R+D
    
    
    1
    
    
    
    74,00015030
    
    California Circle II
    
    
    3
    
    
    
    95,77415040
    
    East Hills Office Park
    
    
    1
    
    
    
    57,24515050
    
    Stadium Towers Plaza
    
    
    2
    
    
    
    262,06515080
    
    Westridge I
    
    
    1
    
    
    
    53,32615090
    
    Centerpoint Irvine
    
    
    3
    
    
    
    67,55715110
    
    Borregas Avenue
    
    
    1
    
    
    
    39,89715130
    
    Roseville Corporate Ctr Land
    
    
    1
    
    
    
    111,41115150
    
    Park Plaza
    
    
    1
    
    
    
    66,76115160
    
    LaJolla Centre I
    
    
    2
    
    
    
    314,03415200
    
    Douglas Corporate Center
    
    
    2
    
    
    
    102,84715260
    
    Concourse
    
    
    7
    
    
    
    897,65815270
    
    City Tower
    
    
    1
    
    
    
    409,41215280
    
    City Plaza
    
    
    1
    
    
    
    324,23415300
    
    Marina Business Center
    
    
    4
    
    
    
    261,51215310
    
    Cerritos Towne Center
    
    
    5
    
    
    
    461,79415320
    
    2600 Michelson
    
    
    1
    
    
    
    307,66215330
    
    18581 Teller
    
    
    1
    
    
    
    86,08715370
    
    Hayward Business Park
    
    
    8
    
    
    
    630,94415380
    
    Skyport Plaza
    
    
    1
    
    
    
    48,00015390
    
    Metro Center Tower
    
    
    4
    
    
    
    712,98215480
    
    Parkshore Plaza-Phase I
    
    
    2
    
    
    
    114,35615490
    
    San Mateo BayCenter III
    
    
    1
    
    
    
    62,029




---



##### 



JDE #
    
    Property Name
    
    Bldg Count
    
    
    Sq Ft15500
    
    Skyway Landing
    
    
    2
    
    
    
    241,69415520
    
    Parkshore Plaza-Phase II
    
    
    2
    
    
    
    155,49715540
    
    Oakbrook Plaza
    
    
    1
    
    
    
    118,84315560
    
    Towers @ Shores
    
    
    2
    
    
    
    335,96015600
    
    Larkspur Landing Office Park
    
    
    3
    
    
    
    189,28915610
    
    Drakes Landing
    
    
    3
    
    
    
    121,37915620
    
    The Tower in Westwood
    
    
    1
    
    
    
    205,34715650
    
    Lincoln Exec Ctr II + III Cons
    
    
    3
    
    
    
    171,94115710
    
    Bellevue Gateway I
    
    
    1
    
    
    
    111,25715720
    
    Bellevue Gateway II
    
    
    1
    
    
    
    67,04715730
    
    Main Street Building
    
    
    1
    
    
    
    38,72915790
    
    10700 Building
    
    
    1
    
    
    
    60,21815850
    
    Southgate Office Plaza
    
    
    2
    
    
    
    269,17515860
    
    Plaza Center
    
    
    2
    
    
    
    457,59115870
    
    Gateway 405 Building
    
    
    1
    
    
    
    34,50515880
    
    Eastgate Office Park
    
    
    1
    
    
    
    261,05915890
    
    Lincoln Executive Center
    
    
    2
    
    
    
    106,59715900
    
    Plaza East
    
    
    1
    
    
    
    145,33915910
    
    I-90 Bellevue
    
    
    2
    
    
    
    134,23516000
    
    5550 Macadam Building
    
    
    1
    
    
    
    41,36016020
    
    River Forum I+II
    
    
    1
    
    
    
    192,36316030
    
    4000 Kruse Way Place
    
    
    1
    
    
    
    141,44816040
    
    4004 Kruse Way Place
    
    
    1
    
    
    
    58,10816080
    
    4949 Meadows
    
    
    1
    
    
    
    124,73716100
    
    RiverSide Centre
    
    
    1
    
    
    
    100,93816120
    
    Nimbus Corporate Center
    
    
    16
    
    
    
    689,79716150
    
    One Pacific Square
    
    
    1
    
    
    
    228,24716170
    
    Kruse Way Plaza
    
    
    2
    
    
    
    101,36616180
    
    Kruse Woods
    
    
    4
    
    
    
    417,65216190
    
    4800 Meadows
    
    
    1
    
    
    
    74,35216200
    
    Kruse Oaks
    
    
    1
    
    
    
    91,69016210
    
    Benjamin Franklin Plaza
    
    
    1
    
    
    
    271,57316230
    
    Lincoln Center
    
    
    7
    
    
    
    735,42916240
    
    Bellefield Office Park
    
    
    15
    
    
    
    454,44316320
    
    Skyport Plaza East
    
    
    3
    
    
    
    608,663
 16450
    
    Waters Edge/Playa Vista JV EQ -Dev  2
    
    
    
    
    243,433Placed inSVC 3Q
 16470
    
    Griffin Towers I (REIT)
    
    
    1
    
    
    
    543,41616490
    
    Army and Navy Club Building
    
    
    1
    
    
    
    102,82216500
    
    Liberty Place
    
    
    1
    
    
    
    157,55016520
    
    San Rafael I
    
    
    2
    
    
    
    155,31816540
    
    Ferry Bldg (FBA)
    
    
    1
    
    
    
    243,81215170_BU
    
    Vintage Park-Cons (BU)
    
    
    1
    
    
    
    38,83915255_BU
    
    VP-323 Vintage Park Drive
    
    
    1
    
    
    
    25,50315256_BU
    
    VP-353 Vintage Park Drive
    
    
    1
    
    
    
    28,51115257_BU
    
    VP-363 VIntage Park Drive
    
    
    1
    
    
    
    25,06415258_BU
    
    VP-373 Vintage Park Drive
    
    
    1
    
    
    
    24,81415259_BU
    
    VP-383 Vintage Park Drive
    
    
    1
    
    
    
    19,36316560
    
    Foundry 2 (3721)
    
    
    1
    
    
    
    505,48016590
    
    US Bank Tower
    
    
    1
    
    
    
    485,902




---



##### 



JDE #
    
    Property Name
    
    Bldg Count
    
    
    Sq Ft16620
    
    3 Bellevue
    
    1
    
    
    
    472,929
 Unconsolidated Joint Ventures44030
    
    OPOS Equity Method
    
    
    1
    
    
    
    382,64844040
    
    Rowes Wharf Equity Method
    
    
    3
    
    
    
    151,64444140
    
    10+30 S. Wacker-Equity
    
    
    2
    
    
    
    1,502,46644180
    
    Preston Commons-Equity
    
    
    3
    
    
    
    209,30244190
    
    Sterling Plaza-Equity
    
    
    1
    
    
    
    151,37444240
    
    800-900 Concar-Equity
    
    
    2
    
    
    
    175,367




---



##### 



1.
    
    Drawings under this Agreement.2.
    
    Drawings under the Existing Revolving Credit Agreement




---



##### 








---



##### 








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PA-1601 Market Street Limited Partnership, a Delaware limited partnership(1601 Market Street, Philadelphia, Pennsylvania)Properties in which EOP-QRS Trust is a 0.1% General Partner or Managing Member:DC-1627 Eye Street Limited Partnership, a Delaware limited partnership(Army/Navy Building, Washington, D.C.)OR-5550 Macadam Building Limited Partnership, a Delaware limited partnership(5550 Macadam Building, Portland, Oregon)OR-BF Plaza Limited Partnership, a Delaware limited partnership(Benjamin Franklin Plaza, Portland, Oregon)OH-Community Corporate Center Limited Partnership, a Delaware limited partnership(Community Corporate Center, Columbus, Ohio)OH-One Crosswoods Limited Partnership, a Delaware limited partnership(One Crosswoods Center, Columbus, Ohio)DC-One Lafayette Limited Partnership, a Delaware limited partnership(One Lafayette, Washington, D.C.)DC-Two Lafayette Limited Partnership, a Delaware limited partnership(Two Lafayette, Washington, D.C.)DC-Three Lafayette Limited Partnership, a Delaware limited partnership(Three Lafayette, Washington, D.C.)OR-River Forum Limited Partnership, a Delaware limited partnership(River Forum I & II, Portland, Oregon)OR-Riverside Portland Limited Partnership(Riverside Centre, Portland, Oregon)OR-One Pacific Square Limited Partnership(Pacific Square, Portland, Oregon)LA-Lakeway I, L.L.C., a Delaware limited liability company(Lakeway Center I, Metairie, Louisiana)LA-Lakeway II, L.L.C., a Delaware limited liability company(Lakeway Center II, Metairie, Louisiana)LA-Lakeway III, L.L.C., a Delaware limited liability company(Lakeway Center III, Metairie, Louisiana)




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EXHIBIT A
  $
    
    Chicago, Illinois, 2006
 Borrower Bank
 Merrill Lynch Bank USA15 W. South Temple, Suite 300Salt Lake City UT 84101ABA# 124-084-669Account Ref. # 62030Reference for Beneficiary: CPR#22698Originator to Beneficiary (OBI): Acct# 0200001128
 provided
 Credit
Agreement




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THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK.




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EOP OPERATING LIMITED PARTNERSHIP,a Delaware limited partnershipBy:
    
    Equity Office Properties Trust, a Maryland realestate investment trust, its general partnerBy:Name:Title:




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Amount ofAmount of
    
    Type of
    
    Principal
    
    Maturity
    
    NotationDate
    
    Loan
    
    Loan
    
    Repaid
    
    Date
    
    Made By




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EXHIBIT B
 TRANSFER SUPPLEMENT
 Transfer Supplement     Assignor     Purchasing Bank
  Borrower Credit
Agreement
   Receipt Purchased Interest




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Effective
Date




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[Purchasing Bank]By:Name:Title:Notice Address:Domestic Lending Office:Eurodollar Lending Office:[Assignor]By:Name:Title:
 
 MERRILL LYNCH BANK USA, as Administrative AgentBy:Name:Title:
 
 EOP OPERATING LIMITED PARTNERSHIP,a Delaware limited partnershipBy:
    
    Equity Office Properties Trust, a Maryland real estate investment trust, its general partnerBy:Name:Title:




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EXHIBIT C
 NOTICE ADDRESSES
 Borrower:
    
    Administrative Agent:Two North Riverside Plaza
    
    Merrill Lynch Bank USASuite 2100
    
    15 W. South Temple, Suite 300Chicago, Illinois 60606
    
    Salt Lake City, UT 84101Attn: Chief Financial Officer
    
    Attn: Mark CannonFacsimile: (312) 559-5008
    
    Facsimile: (801) 359 4667




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GUARANTY OF PAYMENT
 Guaranty Guarantor Administrative Agent Banks Borrower Credit Agreement
  Loans
 Notes
 Loan Documents




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Guaranteed Obligations
   2




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3




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4




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5




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6




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If to Guarantor
    
    Equity Office Properties TrustTwo North Riverside PlazaSuite 2100Chicago, Illinois 60606Attn: Chief Financial OfficerFacsimile: (312) 930-0601With Copies ofNotices to Guarantor to:
    
    Equity Office Properties TrustTwo North Riverside PlazaSuite 2100Chicago, Illinois 60606Attn: Chief Legal CounselFacsimile: (312) 559-5021andDLA Piper Rudnick Gray Cary US LLP203 North LaSalle StreetSuite 1900Chicago, Illinois 60601Attn: James M. Phipps, Esq.Facsimile: (312) 251-5735If to theAdministrative Agent:
    
    Merrill Lynch Bank USA15 W. South Temple,
Suite 300
Salt Lake City, UT 84101

Attn: Darryl Johnson
Facsimile: 801-531-7470
 7




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8




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9




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Code
  [SIGNATURE PAGE FOLLOWS]
 10




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GUARANTOR:
EQUITY OFFICE PROPERTIES TRUSTBy:
    
    /s/ Maureen FearName: Maureen FearTitle: Senior Vice President andTreasurer
 ACCEPTED:MERRILL LYNCH BANK USA,
as Administrative AgentBy:
    /s/ Frank StepanName:
    Frank StepanTitle: Vice President
 11




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ACKNOWLEDGMENT FOR GUARANTOR
 
   /s/ Amber MillerNotary Public
 
 12