00 seconds and an arc length of 53.72 feet to a point of
tangency; thence
(15)
South 11 degrees 04 minutes 21 seconds East, 120.98 feet; thence
(16)
South 72 degrees 45 minutes 39 seconds West, 317.04 feet to a point of
non-tangent curvature intersecting the northerly sideline of the aforementioned
Chateau Thierry Avenue; thence
(17)
along said sideline and along a non-tangent curve to the left having a radius of
543.63 feet, a central angle of 20 degrees 39 minutes 55 seconds, an arc length
of 196.08 feet and a chord bearing and distance of South 83 degrees 05 minutes
46 seconds West, 195.01 feet to a point of non-tangency; thence
(18)
still along said sideline, South 72 degrees 45 minutes 39 seconds West, 601.91
feet to the point or place of Beginning.
EXHIBIT 10.57
SCHEDULE F
LETTER OF CREDIT FORM
Schedule F -1
EXHIBIT 10.57
-VALUE DATE-
OUR L/C NO.: XXXXXXXXX
BENEFICIARY:
175 PARK AVENUE, LLC
C/O THE HAMPSHIRE COMPANIES, LLC
83 SOUTH STREET
MORRISTOWN, NJ 07960
S. ROSEN, ESQ.
APPLICANT:
REALOGY OPERATIONS LLC
1 CAMPUS DRIVE
PARSIPPANY, NJ 07054
AMOUNT: U.S.$15,000,000.00 (FIFTEEN MILLION AND 00/100 U.S. DOLLARS)
EXPIRATION: MARCH 10, 2013 AT OUR COUNTERS
AT THE REQUEST AND FOR THE ACCOUNT OF APPLICANT, WE HEREBY OPEN THIS
IRREVOCABLE STANDBY LETTER OF CREDIT IN FAVOR OF BENEFICIARY EFFECTIVE
IMMEDIATELY AND EXPIRING AT CLOSING OF BUSINESS ON THE DATE SET FORTH
ABOVE AT OUR COUNTERS AT 131 S. DEARBORN, 5TH FLOOR, MAIL CODE IL1-0236,
CHICAGO, IL 60603-5506, ATTN: STANDBY LETTER OF CREDIT UNIT, OR ANY
AUTOMATICALLY EXTENDED EXPIRATION DATE AS PROVIDED HEREIN.
THIS LETTER OF CREDIT IS ISSUED IN RELATION TO A CERTAIN LEASE BETWEEN
BENEFICIARY AND APPLICANT (THE "LEASE") WHICH HAS BEEN MADE IN CONNECTION
WITH CERTAIN PREMISES LOCATED AT 175 PARK AVENUE, MADISON, NEW JERSEY.
REFERENCE IN THIS LETTER OF CREDIT TO THE LEASE IS FOR IDENTIFICATION
PURPOSES ONLY AND SUCH LEASE IS NEITHER INCORPORATED INTO NOR MADE AN
INTEGRAL PART OF THIS LETTER OF CREDIT.
FUNDS UNDER THIS LETTER OF CREDIT ARE AVAILABLE AT SIGHT TO BENEFICIARY
AGAINST PRESENTATION OF THE BENEFICIARY'S SIGNED AND DATED SIGHT
Schedule F -2
EXHIBIT 10.57
DRAFT
DRAWN ON US IN THE FORM OF EXHIBIT A ANNEXED HERETO MENTIONING THEREON
LETTER OF CREDIT NO. _________ ACCOMPANIED BY (1) A CERTIFICATE IN THE
FORM ATTACHED HERETO AS EXHIBIT B (A "DRAW CERTIFICATE") AND (2) THE
ORIGINAL OF THIS LETTER OF CREDIT AND ANY SUBSEQUENT AMENDMENT.
DRAWINGS MAY ALSO BE PRESENTED BY THE AUTHORIZED LENDER FOR THE BENEFICIARY. IN
THIS EVENT, DOCUMENTS PRESENTED MUST BE SIGNED AS SUCH.
PARTIAL DRAWINGS ARE PERMITTED UNDER THIS LETTER OF CREDIT AND SUCH
DRAWINGS WILL BE DEDUCTED FROM THE AGGREGATE AMOUNT AVAILABLE UNDER THIS
LETTER OF CREDIT. WE SHALL, IMMEDIATELY AFTER EACH PRESENTATION OF THIS
LETTER OF CREDIT FOR A PARTIAL DRAWING, RETURN THIS LETTER OF CREDIT TO
YOU, MARKING THIS LETTER OF CREDIT TO SHOW THE AMOUNT PAID BY US AND THE
DATE OF SUCH PAYMENT.
IT IS A CONDITION OF THIS