Document:

Exhibit 10.15

 

CREDIT AGREEMENT

 

Dated as of January 16, 2009

 

among

 

THE PEP BOYS — MANNY, MOE & JACK,
 as the Lead Borrower

 

For

 

The Borrowers Named Herein

 

BANK OF AMERICA, N.A.,
 as Administrative Agent, Collateral Agent, Swing Line Lender
 and L/C Issuer,

 

and

 

The Other Lenders Party Hereto

 

WELLS FARGO RETAIL FINANCE, LLC and
  REGIONS BANK
 as
 Co-Syndication Agents

 

BANC OF AMERICA SECURITIES LLC,
 WELLS FARGO RETAIL FINANCE, LLC and
  REGIONS BANK
 as
 Joint Lead Arrangers and Joint Bookrunners

 

 

TABLE OF CONTENTS

 

	
Section
    	
 
    	
 
    	
Page
    
	
 
    	
 
    	
 
    	
 
    
	
ARTICLE I DEFINITIONS AND ACCOUNTING   TERMS
    	
 
    	
1
    
	
1.01
    	
Defined Terms
    	
 
    	
1
    
	
1.02
    	
Other Interpretive Provisions
    	
 
    	
45
    
	
1.03
    	
Accounting Terms
    	
 
    	
45
    
	
1.04
    	
Rounding
    	
 
    	
46
    
	
1.05
    	
Times of Day
    	
 
    	
46
    
	
1.06
    	
Letter of Credit Amounts
    	
 
    	
46
    
	
ARTICLE II THE COMMITMENTS AND CREDIT   EXTENSIONS
    	
 
    	
46
    
	
2.01
    	
Committed Loans; Reserves
    	
 
    	
46
    
	
2.02
    	
Borrowings, Conversions and Continuations of Committed Loans
    	
 
    	
47
    
	
2.03
    	
Letters of Credit
    	
 
    	
49
    
	
2.04
    	
Swing Line Loans
    	
 
    	
57
    
	
2.05
    	
Prepayments
    	
 
    	
60
    
	
2.06
    	
Termination or Reduction of Commitments
    	
 
    	
61
    
	
2.07
    	
Repayment of Loans
    	
 
    	
61
    
	
2.08
    	
Interest
    	
 
    	
61
    
	
2.09
    	
Fees
    	
 
    	
62
    
	
2.10
    	
Computation of Interest and Fees
    	
 
    	
63
    
	
2.11
    	
Evidence of Debt
    	
 
    	
63
    
	
2.12
    	
Payments Generally; Administrative Agent’s Clawback
    	
 
    	
64
    
	
2.13
    	
Sharing of Payments by Lenders
    	
 
    	
65
    
	
2.14
    	
Settlement Amongst Lenders
    	
 
    	
66
    
	
2.15
    	
Increase in Commitments
    	
 
    	
66
    
	
ARTICLE Ill TAXES, YIELD PROTECTION   AND ILLEGALITY; APPOINTMENT OF LEAD BORROWER
    	
 
    	
68
    
	
3.01
    	
Taxes
    	
 
    	
68
    
	
3.02
    	
Illegality
    	
 
    	
70
    
	
3.03
    	
Inability to Determine Rates
    	
 
    	
70
    
	
3.04
    	
Increased Costs; Reserves on LIBO Rate Loans
    	
 
    	
70
    
	
3.05
    	
Compensation for Losses
    	
 
    	
72
    
	
3.06
    	
Mitigation Obligations; Replacement of Lenders
    	
 
    	
72
    
	
3.07
    	
Survival
    	
 
    	
73
    
	
3.08
    	
Designation of Lead Borrower as Borrowers’ Agent
    	
 
    	
73
    
	
ARTICLE IV CONDITIONS PRECEDENT TO   CREDIT EXTENSIONS
    	
 
    	
73
    
	
4.01
    	
Conditions of Initial Credit Extension
    	
 
    	
73
    
	
4.02
    	
Conditions to all Credit Extensions
    	
 
    	
77
    
	
ARTICLE V REPRESENTATIONS AND   WARRANTIES
    	
 
    	
78
    
	
5.01
    	
Existence, Qualification and Power
    	
 
    	
78
    
	
5.02
    	
Authorization; No Contravention
    	
 
    	
78
    
	
5.03
    	
Governmental Authorization; Other Consents
    	
 
    	
78
    
	
5.04
    	
Binding Effect
    	
 
    	
78
    
	
5.05
    	
Financial Statements; No Material Adverse Effect
    	
 
    	
79
    
	
5.06
    	
Litigation
    	
 
    	
79
    
	
5.07
    	
No Default
    	
 
    	
79
    
	
5.08
    	
Ownership of Property; Liens
    	
 
    	
80
    
	
5.09
    	
Environmental Compliance
    	
 
    	
80
    
	
5.10
    	
Insurance
    	
 
    	
81
    
	
5.11
    	
Taxes
    	
 
    	
81
    
	
5.12
    	
ERISA Compliance
    	
 
    	
81
    
	
5.13
    	
Subsidiaries; Equity Interests
    	
 
    	
82
    

 

 

	
5.14
    	
Margin Regulations; Investment Company Act
    	
 
    	
82
    
	
5.15
    	
Disclosure
    	
 
    	
82
    
	
5.16
    	
Compliance with Laws
    	
 
    	
83
    
	
5.17
    	
Intellectual Property; Licenses, Etc
    	
 
    	
83
    
	
5.18
    	
Labor Matters
    	
 
    	
83
    
	
5.19
    	
Security Documents
    	
 
    	
84
    
	
5.20
    	
Solvency
    	
 
    	
84
    
	
5.21
    	
Deposit Accounts; Credit Card Arrangements
    	
 
    	
84
    
	
5.22
    	
Brokers
    	
 
    	
84
    
	
5.23
    	
Customer and Trade Relations
    	
 
    	
85
    
	
5.24
    	
Material Contracts
    	
 
    	
85
    
	
5.25
    	
Casualty
    	
 
    	
85
    
	
ARTICLE VI AFFIRMATIVE COVENANTS
    	
 
    	
85
    
	
6.01
    	
Financial Statements
    	
 
    	
85
    
	
6.02
    	
Certificates; Other Information
    	
 
    	
86
    
	
6.03
    	
Notices
    	
 
    	
88
    
	
6.04
    	
Payment of Obligations
    	
 
    	
89
    
	
6.05
    	
Preservation of Existence, Etc
    	
 
    	
89
    
	
6.06
    	
Maintenance of Properties
    	
 
    	
89
    
	
0.07
    	
Maintenance of Insurance
    	
 
    	
89
    
	
6.08
    	
Compliance with Laws
    	
 
    	
90
    
	
6.09
    	
Books and Records; Accountants
    	
 
    	
90
    
	
6.10
    	
Inspection Rights
    	
 
    	
91
    
	
6.11
    	
Use of Proceeds
    	
 
    	
91
    
	
6.12
    	
Additional Loan Parties
    	
 
    	
91
    
	
6.13
    	
Cash Management
    	
 
    	
92
    
	
6.14
    	
Information Regarding the Collateral
    	
 
    	
93
    
	
6.15
    	
Physical Inventories
    	
 
    	
93
    
	
6.16
    	
Environmental Laws
    	
 
    	
94
    
	
6.17
    	
Further Assurances
    	
 
    	
94
    
	
6.18
    	
Compliance with Terms of Leaseholds
    	
 
    	
94
    
	
6.19
    	
Material Contracts
    	
 
    	
95
    
	
6.20
    	
Term Loan Indebtedness
    	
 
    	
95
    
	
ARTICLE VII NEGATIVE COVENANTS
    	
 
    	
95
    
	
7.01
    	
Liens
    	
 
    	
95
    
	
7.02
    	
Investments
    	
 
    	
95
    
	
7.03
    	
Indebtedness; Disqualified Stock
    	
 
    	
95
    
	
7.04
    	
Fundamental Changes
    	
 
    	
95
    
	
7.05
    	
Dispositions
    	
 
    	
96
    
	
7.06
    	
Restricted Payments
    	
 
    	
96
    
	
7.07
    	
Prepayments of Indebtedness
    	
 
    	
96
    
	
7.08
    	
Change in Nature of Business
    	
 
    	
97
    
	
7.09
    	
Transactions with Affiliates
    	
 
    	
97
    
	
7.10
    	
Burdensome Agreements
    	
 
    	
97
    
	
7.11
    	
Use of Proceeds
    	
 
    	
97
    
	
7.12
    	
Amendment of Material Documents
    	
 
    	
97
    
	
7.13
    	
Corporate Name; Fiscal Year
    	
 
    	
97
    
	
7.14
    	
Deposit Accounts; Credit Card Processors
    	
 
    	
98
    
	
7.15
    	
Consolidated Fixed Charge Coverage Ratio
    	
 
    	
98
    
	
ARTICLE VIII EVENTS OF DEFAULT AND   REMEDIES
    	
 
    	
98
    
	
8.01
    	
Events of Default
    	
 
    	
98
    
	
8.02
    	
Remedies Upon Event of Default
    	
 
    	
101
    
	
8.03
    	
Application of Funds
    	
 
    	
102
    

 

 

	
ARTICLE IX ADMINISTRATIVE AGENT
    	
 
    	
103
    
	
9.01
    	
Appointment and Authority
    	
 
    	
103
    
	
9.02
    	
Rights as a Lender
    	
 
    	
103
    
	
9.03
    	
Exculpatory Provisions
    	
 
    	
104
    
	
9.04
    	
Reliance by Agents
    	
 
    	
105
    
	
9.05
    	
Delegation of Duties
    	
 
    	
105
    
	
9.06
    	
Resignation of Agents
    	
 
    	
105
    
	
9.07
    	
Non-Reliance on Administrative Agent and Other Lenders
    	
 
    	
106
    
	
9.08
    	
No Other Duties, Etc
    	
 
    	
106
    
	
9.09
    	
Administrative Agent May File Proofs of Claim
    	
 
    	
106
    
	
9.10
    	
Collateral and Guaranty Matters
    	
 
    	
107
    
	
9.11
    	
Notice of Transfer
    	
 
    	
108
    
	
9.12
    	
Reports and Financial Statements
    	
 
    	
108
    
	
9.13
    	
Agency for Perfection
    	
 
    	
108
    
	
9.14
    	
Indemnification of Agents
    	
 
    	
109
    
	
9.15
    	
Relation among Lenders
    	
 
    	
109
    
	
9.16
    	
Defaulting Lender
    	
 
    	
109
    
	
ARTICLE X MISCELLANEOUS
    	
 
    	
110
    
	
10.01
    	
Amendments, Etc
    	
 
    	
110
    
	
10.02
    	
Notices; Effectiveness; Electronic Communications
    	
 
    	
112
    
	
10.03
    	
No Waiver; Cumulative Remedies
    	
 
    	
113
    
	
10.04
    	
Expenses; Indemnity; Damage Waiver
    	
 
    	
114
    
	
10.05
    	
Payments Set Aside
    	
 
    	
115
    
	
10.06
    	
Successors and Assigns
    	
 
    	
115
    
	
10.07
    	
Treatment of Certain Information; Confidentiality
    	
 
    	
119
    
	
10.08
    	
Right of Setoff
    	
 
    	
119
    
	
10.09
    	
Interest Rate Limitation
    	
 
    	
120
    
	
10.10
    	
Counterparts; Integration; Effectiveness
    	
 
    	
120
    
	
10.11
    	
Survival
    	
 
    	
120
    
	
10.12
    	
Severability
    	
 
    	
121
    
	
10.13
    	
Replacement of Lenders
    	
 
    	
121
    
	
10.14
    	
Governing Law; Jurisdiction; Etc
    	
 
    	
121
    
	
10.15
    	
Waiver of Jury Trial
    	
 
    	
123
    
	
10.16
    	
No Advisory or Fiduciary Responsibility
    	
 
    	
123
    
	
10.17
    	
USA PATRIOT Act Notice
    	
 
    	
123
    
	
10.18
    	
Foreign Assets Control Regulations
    	
 
    	
124
    
	
10.19
    	
Time of the Essence
    	
 
    	
124
    
	
10.20
    	
Press Releases
    	
 
    	
124
    
	
10.21
    	
Additional Waivers
    	
 
    	
124
    
	
10.22
    	
No Strict Construction
    	
 
    	
126
    
	
10.23
    	
Attachments
    	
 
    	
126
    
	
10.24
    	
Copies and Facsimiles
    	
 
    	
126
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
SIGNATURES
    	
 
    	
S-1
    

 

	
SCHEDULES
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
1.01
    	
 
    	
Borrowers
    
	
 
    	
1.02
    	
 
    	
Guarantors
    
	
 
    	
1.03
    	
 
    	
Existing   Letters of Credit
    
	
 
    	
2.01
    	
 
    	
Commitments   and Applicable Percentages
    
	
 
    	
5.01
    	
 
    	
Loan   Parties Organizational Information
    
	
 
    	
5.05
    	
 
    	
Internal   Control Event Disclosure
    
	
 
    	
5.06
    	
 
    	
Litigation
    
	
 
    	
5.08(b)(1)
    	
 
    	
Owned   Real Estate
    
	
 
    	
5.08(b)(2)
    	
 
    	
Leased   Real Estate
    
	
 
    	
5.09
    	
 
    	
Environmental   Matters
    
	
 
    	
5.10
    	
 
    	
Insurance
    
	
 
    	
5.13
    	
 
    	
Subsidiaries;   Equity Interests
    
	
 
    	
5.21(a)
    	
 
    	
DDAs
    
	
 
    	
5.21(b)
    	
 
    	
Credit   Card Arrangements
    
	
 
    	
5.24
    	
 
    	
Material   Contracts
    

 

 

	
 
    	
6.02
    	
 
    	
Financial   and Collateral Reporting
    
	
 
    	
7.01
    	
 
    	
Existing   Liens
    
	
 
    	
7.02
    	
 
    	
Existing   Investments
    
	
 
    	
7.03
    	
 
    	
Existing   Indebtedness
    
	
 
    	
10.02
    	
 
    	
Administrative Agent’s Office; Certain Addresses for Notices
    

 

 

	
EXHIBITS
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Form of
    
	
 
    	
 
    	
 
    
	
 
    	
A-1
    	
 
    	
Committed   Loan Notice
    
	
 
    	
A-2
    	
 
    	
Conversion/Continuation   Notice
    
	
 
    	
B
    	
 
    	
Swing   Line Loan Notice
    
	
 
    	
C-1
    	
 
    	
Committed   Loan Note
    
	
 
    	
C-2
    	
 
    	
Swing   Line Note
    
	
 
    	
D
    	
 
    	
Compliance   Certificate
    
	
 
    	
E
    	
 
    	
Assignment   and Assumption
    
	
 
    	
F
    	
 
    	
Borrowing   Base Certificate
    

 

 

CREDIT AGREEMENT

 

This CREDIT AGREEMENT (“Agreement”) is entered into as of January 16, 2009, among:

 

THE PEP BOYS — MANNY, MOE & JACK, a Pennsylvania corporation (the “Lead Borrower”);

 

the Persons named on Schedule 1.01 hereto (each a “Borrower” and collectively, the “Borrowers”);

 

the Guarantors named on Schedule 1.02 hereto;

 

each lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”);

 

BANK OF AMERICA, N.A., as Administrative Agent, Collateral Agent, Swing Line Lender and L/C Issuer; and

 

WELLS FARGO RETAIL FINANCE, LLC and REGIONS BANK, as Co-Syndication Agents.

 

The Borrowers have requested that the Lenders provide a revolving credit facility, and the Lenders have indicated their willingness to lend and the L/C Issuer has indicated its willingness to issue Letters of Credit, in each case on the terms and conditions set forth herein.

 

In consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows:

 

ARTICLE I
 DEFINITIONS AND ACCOUNTING TERMS

 

1.01        Defined Terms.  As used in this Agreement, the following terms shall have the meanings set forth below:

 

“34 Act Reports” means the reports filed by the Lead Borrower with the Securities and Exchange Commission under the Securities Exchange Act of 1934.

 

“ACH” means automated clearing house transfers.

 

“Accelerated Borrowing Base Delivery Event” means either (i) the occurrence and continuance of any Event of Default, or (ii) the failure of the Borrowers to maintain (at any time) Availability (calculated, for purposes of this definition, without giving effect to the Availability Block) at least equal to seventeen and one-half percent (17.5%) of the lesser of (i) the Aggregate Commitments and (ii) the Borrowing Base.  For purposes of this Agreement, the occurrence of an Accelerated Borrowing Base Delivery Event shall be deemed continuing (A) so long as such Event of Default has not been waived, or (ii) if the Accelerated Borrowing Base Delivery Event arises as a result of the Borrowers’ failure to achieve Availability as required hereunder, until Availability (calculated, for purposes of this definition, without giving effect to the Availability Block) has exceeded seventeen and one-half percent (17.5%) of the lesser of (i) the Aggregate Commitments and (ii) the Borrowing Base for sixty consecutive calendar days, in which case an Accelerated Borrowing Base Delivery Event shall no longer be deemed to be continuing.

 

 

“Accommodation Payment” as defined in Section 10.21(d).

 

“Account” means “accounts” as defined in the UCC, and also means, without limitation, a right to payment of a monetary obligation, whether or not earned by performance, (a) for Inventory and other Collateral (including the proceeds thereof) that has been or is to be sold, leased, licensed, assigned, or otherwise disposed of, (b) for services rendered or to be rendered, or (c) arising out of the use of a credit or charge card or information contained on or for use with the card.

 

“Acquisition” means, with respect to any Person (a) an Investment in, or a purchase of a Controlling interest in, the Equity Interests of any other Person, (b) a purchase or other acquisition of all or substantially all of the assets or properties of, another Person or of any business unit of another Person, (c) any merger or consolidation of such Person with any other Person or other transaction or series of transactions resulting in the acquisition of all or substantially all of the assets, or a Controlling interest in the Equity Interests, of any Person, or (d) any acquisition of any Store locations of any Person, in each case in any transaction or group of transactions which are part of a common plan.

 

“Act” shall have the meaning provided in Section 10.18.

 

“Additional Commitment Lender” shall have the meaning provided in Section 2.15.

 

“Adjusted LIBO Rate” means, with respect to any LIBO Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of one percent (1%)) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate.  The Adjusted LIBO Rate will be adjusted automatically as to all LIBO Borrowings then outstanding as of the effective date of any change in the Statutory Reserve Rate.

 

“Adjustment Date” means the first day of each Fiscal Quarter of the Lead Borrower commencing with the third full Fiscal Quarter after the Closing Date.

 

“Administrative Agent” means Bank of America in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent.

 

“Administrative Agent’s Office” means the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 10.02, or such other address or account as the Administrative Agent may from time to time notify the Lead Borrower and the Lenders.

 

“Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the Administrative Agent.

 

“Affiliate” means, with respect to any Person, (i) another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified, (ii) any director, officer, managing member, partner, trustee, or beneficiary of that Person, (iii) any other Person directly or indirectly holding 10% or more of any class of the Equity Interests of that Person, and (iv) any other Person 10% or more of any class of whose Equity Interests is held directly or indirectly by that Person.

 

“Agent(s)” means, individually, the Administrative Agent or the Collateral Agent, and collectively means both of them.

 

“Agent Parties” shall have the meaning specified in Section 10.02(c).

 

 

“Aggregate Commitments” means the Commitments of all the Lenders.  The Aggregate Commitments as of the Closing Date total $300,000,000.

 

“Agreement” means this Credit Agreement.

 

“Allocable Amount” has the meaning specified in Section 10.21(d).

 

“Applicable Commitment Fee Percentage” means the applicable percentage set forth in the grid below:

 

	
Average daily balance of the Credit Extensions in any Fiscal Quarter
    	
 
    	
Applicable Commitment
   Fee Percentage
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Less than 33% of the Total Commitments
    	
 
    	
0.75
    	
%
    
	
 
    	
 
    	
 
    	
 
    
	
Equal to or greater than 33% but less than   66% of the Total Commitments
    	
 
    	
0.50
    	
%
    
	
 
    	
 
    	
 
    	
 
    
	
Equal to or greater than 66% of the Total   Commitments
    	
 
    	
0.375
    	
%
    

 

“Applicable Margin” means (a) from and after the Closing Date until the first Adjustment Date, the Applicable Margin shall be no less than the percentages set forth in Level II of the pricing grid below (even if the Average Daily Availability requirements for Level I have been met prior to the first Adjustment Date); and (b) from and after the first Adjustment Date, the Applicable Margin shall be determined from the following pricing grid based upon the Average Daily Availability for the three months ending the day immediately preceding such Adjustment Date; provided, however, that (i) if the Loan Parties’ financial statements or any Borrowing Base Certificates are at any time restated or otherwise revised (including as a result of an audit) or (ii) if the information set forth in such financial statements or any Borrowing Base Certificates otherwise proves to be false or incorrect such that the Applicable Margin would have been higher than was otherwise in effect during any period, without constituting a waiver of any Default or Event of Default arising as a result thereof, interest due under this Agreement shall be immediately recalculated at such higher rate for any applicable periods and shall be due and payable on demand.

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    

 

	
Level
    	
 
    	
Average Daily Availability
    	
 
    	
LIBO Rate Margin
    	
 
    	
Prime Rate Margin
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
I
    	
 
    	
Greater than   $225,000,000
    	
 
    	
2.75
    	
%
    	
2.75
    	
%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
II
    	
 
    	
Greater than   $75,000,000 but less than or equal to $225,000,000
    	
 
    	
3.00
    	
%
    	
3.00
    	
%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
III
    	
 
    	
Less than or   equal to $75,000,000
    	
 
    	
3.25
    	
%
    	
3.25
    	
%
    

 

“Applicable Percentage” means with respect to any Lender at any time, the percentage (carried out to the ninth decimal place) of the Aggregate Commitments represented by such Lender’s Commitment at such time.  If the commitment of each Lender to make Loans and the obligation of the L/C Issuer to make L/C Credit Extensions have been terminated pursuant to Section 8.02 or if the 

 

 

Aggregate Commitments have expired, then the Applicable Percentage of each Lender shall be determined based on the Applicable Percentage of such Lender most recently in effect, giving effect to any subsequent assignments.  The initial Applicable Percentage of each Lender is set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable.

 

“Applicable Rate” means, at any time of calculation, a per annum rate equal to the Applicable Margin for Loans which are LIBOR Rate Loans.

 

“Appraisal Percentage” means eighty-five percent (85%).

 

“Approved Fund” means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender.

 

“Arranger” means Banc of America Securities LLC, Wells Fargo Retail Finance, LLC and Regions Bank, in their capacity as Joint Lead Arrangers and Joint Book Managers.

 

“Assignee Group” means two or more Eligible Assignees that are Affiliates of one another or two or more Approved Funds managed by the same investment advisor.

 

“Assignment and Assumption” means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent of any party whose consent is required by Section 10.06(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit E or any other form approved by the Administrative Agent.

 

“Attributable Indebtedness” means, on any date, (a) in respect of any Capital Lease Obligation of any Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP, and (b) in respect of any Synthetic Lease Obligation, the capitalized amount of the remaining lease or similar payments under the relevant lease or other applicable agreement or instrument that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP if such lease, agreement or instrument were accounted for as a capital lease.

 

“Audited Financial Statements” means the audited consolidated balance sheet of the Lead Borrower and its Subsidiaries for the fiscal year ended February 2, 2008, and the related consolidated statements of income or operations, Shareholders’ Equity and cash flows for such fiscal year of the Lead Borrower and its Subsidiaries, including the notes thereto.

 

“Auto-Extension Letter of Credit” shall have the meaning specified in Section 2.03(b)(iii).

 

“Availability” means, as of any date of determination thereof by the Administrative Agent, the result, if a positive number, of:

 

(a)           The lesser of (i) the Aggregate Commitments and (ii) the Borrowing Base,

 

Minus

 

(b)           The aggregate unpaid balance of Credit Extensions to, or for the account of, the Borrowers.

 

 

In calculating Availability at any time and for any purpose under this Agreement, the Lead Borrower shall certify to the Administrative Agent that all accounts payable and Taxes are being paid on a timely basis and consistent with past practices (absent which the Administrative Agent may establish a Reserve therefor).

 

“Availability Block” means, as of any date of determination thereof by the Administrative Agent, an amount equal to five percent (5%) of the Borrowing Base (without giving effect to clause (f) or clause (g) in the definition of the term Borrowing Base).

 

“Availability Period” means the period from and including the Closing Date to the earliest of (a) the Maturity Date, (b) the date of termination of the Aggregate Commitments pursuant to Section 2.06, and (c) the date of termination of the commitment of each Lender to make Loans and of the obligation of the L/C Issuer to make L/C Credit Extensions pursuant to Section 8.02.

 

“Availability Reserves” means, without duplication of any other Reserves or items that are otherwise addressed or excluded through eligibility criteria, such reserves as the Administrative Agent from time to time determines in its Permitted Discretion as being appropriate (a) to reflect the impediments to the Agents’ ability to realize upon the Collateral, (b) to reflect claims and liabilities that the Administrative Agent determines will need to be satisfied in connection with the realization upon the Collateral, (c) to reflect criteria, events, conditions, contingencies or risks which adversely affect any component of the Borrowing Base, or the assets, business, financial performance or financial condition of the Loan Parties taken as a whole, or (d) to reflect that a Default or an Event of Default then exists. Without limiting the generality of the foregoing, Availability Reserves may include, in the Administrative Agent’s Permitted Discretion, (but are not limited to) reserves based on: (i) rent; (ii) customs duties, and other costs to release Inventory which is being imported into the United States; (iii) outstanding Taxes and other governmental charges, including, without limitation, ad valorem, real estate, personal property, sales, and other Taxes which may have priority over the interests of the Collateral Agent in the Collateral; (iv) salaries, wages and benefits due to employees of any Borrower, (v) Customer Credit Liabilities, (vi) warehousemen’s or bailee’s charges and other Permitted Encumbrances which may have priority over the interests of the Collateral Agent in the Collateral, (vii) Cash Management Reserves, and (viii) Bank Products Reserves.

 

“Average Daily Availability” means, as of any date of determination, the average daily Availability for the immediately preceding Fiscal Quarter.

 

“Balance Sheet Date” means November 1, 2008.

 

“Bank of America” means Bank of America, N.A. and its successors.

 

“Bank Products” means any services of facilities provided to any Loan Party by a Lender or any of its Affiliates, including, without limitation, on account of (a) Swap Contracts, (b) purchase cards, and (c) leasing, but excluding Cash Management Services.

 

“Bank Product Reserves” means such reserves as the Administrative Agent from time to time determines in its Permitted Discretion as being appropriate to reflect the liabilities and obligations of the Loan Parties with respect to Bank Products then provided or outstanding.

 

 “Blocked Account” has the meaning provided in Section 6.13(a)(iii).

 

 

“Blocked Account Agreement” means with respect to an account established by a Loan Party, an agreement, in form and substance satisfactory to the Collateral Agent, establishing Control (as defined in the Security Agreement) of such account by the Collateral Agent and whereby the bank maintaining such account agrees, upon the occurrence and during the continuance of a Liquidity Event, to comply only with the instructions originated by the Collateral Agent without the further consent of any Loan Party.

 

“Blocked Account Bank” means each bank with whom deposit accounts are maintained in which any funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.

 

“Borrower Materials” has the meaning specified in Section 6.02.

 

“Borrower” and “Borrowers” have the meaning specified in the introductory paragraph hereto.

 

“Borrowing” means a Committed Borrowing or a Swing Line Borrowing, as the context may require.

 

“Borrowing Base” means, at any time of calculation, an amount equal to:

 

(a)           the face amount of Eligible Credit Card Receivables multiplied by eighty-five percent (85%);

 

plus

 

(b)           the lesser of (i) the Cost of the Borrower’s Eligible Inventory (other than Eligible Display Unit Inventory and Eligible Pepsi Inventory), net of Inventory Reserves, multiplied by the Appraisal Percentage multiplied by the Net Orderly Liquidation Value of the Borrower’s Eligible Inventory (other than Eligible Display Unit Inventory and Eligible Pepsi Inventory), or (ii) the Cost of the Borrower’s Eligible Inventory (other than Eligible Display Unit Inventory and Eligible Pepsi Inventory), net of Inventory Reserves, multiplied by seventy-five percent (75%);

 

plus

 

(c)           the lesser of (i) the Cost of the Borrower’s Eligible Display Unit Inventory, net of Inventory Reserves, multiplied by the Display Unit Appraisal Percentage multiplied by the Net Orderly Liquidation Value of the Borrower’s Eligible Inventory, or (ii) the Cost of the Borrower’s Eligible Display Unit Inventory, net of Inventory Reserves, multiplied by seventy-five percent (75%);

 

plus

 

(d)           the lesser of (i) the Cost of the Borrower’s Eligible Pepsi Inventory, net of Inventory Reserves, multiplied by fifty percent (50%), multiplied by the Net Orderly Liquidation Value of the Borrower’s Eligible Inventory, or (ii) the Cost of the Borrower’s Eligible Pepsi Inventory, net of Inventory Reserves, multiplied by seventy-five percent (75%);

 

plus

 

(e)           the face amount of Eligible Accounts Receivables (net of Receivables Reserves applicable thereto) multiplied by eighty-five percent (85%);

 

 

minus

 

(f)            the then amount of the Availability Block;

 

minus

 

(g)           the then amount of all Availability Reserves.

 

“Borrowing Base Certificate” means a certificate substantially in the form of Exhibit F hereto (with such changes therein as may be required by the Administrative Agent to reflect the components of and reserves against the Borrowing Base as provided for hereunder from time to time), executed and certified as accurate and complete by a Responsible Officer of the Lead Borrower which shall include appropriate exhibits, schedules, supporting documentation, and additional reports as reasonably requested by the Administrative Agent.

 

“Business” means the retail and wholesale sale of (i) automotive parts, tires, accessories and equipment, (ii) automotive repair and maintenance services and (iii) complimentary products and services that relate to the foregoing or otherwise appeal to the Lead Borrower’s customer base.

 

“Business Day” means any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the Laws of, or are in fact closed in, the state where the Administrative Agent’s Office is located and, if such day relates to any LIBO Rate Loan, means any such day on which dealings in Dollar deposits are conducted by and between banks in the London interbank market.

 

“Capital Expenditures” means, with respect to any Person for any period, all expenditures made (whether made in the form of cash or other property) or costs incurred for the acquisition or improvement of fixed or capital assets of such Person (excluding normal replacements and maintenance which are properly charged to current operations), in each case that are (or should be) set forth as capital expenditures in a Consolidated statement of cash flows of such Person for such period, in each case prepared in accordance with GAAP.

 

“Capital Lease Obligations” means, with respect to any Person for any period, the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as liabilities on a balance sheet of such Person under GAAP and the amount of which obligations shall be the capitalized amount thereof determined in accordance with GAAP.

 

“Cash Collateral Account” means a non-interest bearing account established by one or more of the Loan Parties with Bank of America, and in the name of the Lead Borrower (as the Collateral Agent shall otherwise direct) and under the sole and exclusive dominion and control of the Collateral Agent, in which deposits are required to be made in accordance with Section 2.03(g) or Section 8.02(c).

 

“Cash Collateralize” has the meaning specified in Section 2.03(g).

 

“Cash Management Reserves”  means such reserves as the Administrative Agent, from time to time, determines in its Permitted Discretion as being appropriate to reflect the reasonably anticipated liabilities and obligations of the Loan Parties with respect to Cash Management Services then provided or outstanding.

 

 

 “Cash Management Services” means any one or more of the following types or services or facilities provided to any Loan Party by a Lender or any of its Affiliates: (a) ACH transactions, (b) cash management services, including, without limitation, controlled disbursement services, treasury, depository, overdraft, and electronic funds transfer services, (c) foreign exchange facilities, and (d) credit or debit cards.

 

“CERCLA” means the Comprehensive Environmental Response, Compensation, and Liability Act, 42 U.S.C. § 9601 et seq.

 

“CERCLIS” means the Comprehensive Environmental Response, Compensation, and Liability Information System maintained by the United States Environmental Protection Agency.

 

“CFC” means a Person that is a controlled foreign corporation under Section 957 of the Code.

 

“Change in Law” means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation or application thereof by any Governmental Authority or (c) the making or issuance of any request, guideline or directive (whether or not having the force of law) by any Governmental Authority.

 

“Change of Control” means an event or series of events by which:

 

(a)           any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, but excluding any employee benefit plan of such person or its subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan) becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934, except that a person or group shall be deemed to have “beneficial ownership” of all securities that such person or group has the right to acquire, whether such right is exercisable immediately or only after the passage of time (such right, an “option right”)), directly or indirectly, of 50% or more of the Equity Interests of the Lead Borrower entitled to vote for members of the board of directors or equivalent governing body of the Lead Borrower on a fully-diluted basis (and taking into account all such Equity Interests that such “person” or “group” has the right to acquire pursuant to any option right); or

 

(b)           during any period of twelve (12) consecutive months, a majority of the members of the board of directors or other equivalent governing body of the Lead Borrower cease to be composed of individuals (i) who were members of that board or equivalent governing body on the first day of such period, (ii) whose election or nomination to that board or equivalent governing body was approved by individuals referred to in clause (i) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body or (iii) whose election or nomination to that board or other equivalent governing body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body (excluding, in the case of both clause (ii) and clause (iii), any individual whose initial nomination for, or assumption of office as, a member of that board or equivalent governing body occurs as a result of an actual or threatened solicitation of proxies or consents for the election or removal of one or more directors by any person or group other than a solicitation for the election of one or more directors by or on behalf of the board of directors); or

 

 

(c)           any “change in control” or similar event as defined in any Organizational Document of any Loan Party or in any Material Contract, or any document governing Material Indebtedness of any Loan Party; or

 

(d)           the Lead Borrower fails at any time to own, directly or indirectly, 100% of the Equity Interests of each other Loan Party free and clear of all Liens (other than the Liens in favor of the Collateral Agent), except where such failure is as a result of a transaction permitted by the Loan Documents.

 

“Closing Date” means the first date all the conditions precedent in Section 4.01 are satisfied or waived in accordance with Section 10.01.

 

“Code” means the Internal Revenue Code of 1986, and the regulations promulgated thereunder, as amended and in effect.

 

“Collateral” means any and all “Collateral” as defined in any applicable Security Document and all other property that is or is intended under the terms of the Security Documents to be subject to Liens in favor of the Collateral Agent.

 

“Collateral Access Agreement” means an agreement reasonably satisfactory in form and substance to the Agents executed by (a) a bailee or other Person in possession of Collateral, and (b) each landlord of Real Estate leased by any Loan Party, in each case, pursuant to which such Person (i) acknowledges the Collateral Agent’s Lien on the Collateral, (ii) releases or subordinates such Person’s Liens in the Collateral held by such Person or located on such Real Estate, (iii) as to any landlord, provides the Collateral Agent with access to the Collateral located in or on such Real Estate and a reasonable time to sell and dispose of the Collateral from such Real Estate, and (iv) makes such other agreements with the Collateral Agent as the Agents may reasonably require.

 

“Collateral Agent” means Bank of America, acting in such capacity for its own benefit and the ratable benefit of the other Credit Parties.

 

“Commercial Letter of Credit” means any letter of credit or similar instrument (including, without limitation, bankers’ acceptances) issued for the purpose of providing the primary payment mechanism in connection with the purchase of any materials, goods or services by a Borrower in the ordinary course of business of such Borrower.

 

“Commitment” means, as to each Lender, its obligation to (a) make Committed Loans to the Borrowers pursuant to Section 2.01, (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

 

“Commitment Termination Event” means any termination or reduction of the Aggregate Commitments in whole or in part, for any reason (whether voluntarily or as a result of acceleration of the Obligations), prior to the Maturity Date.

 

“Committed Borrowing” means a borrowing consisting of simultaneous Committed Loans of the same Type and, in the case of LIBO Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.

 

 

“Committed Loan” has the meaning specified in Section 2.01.

 

“Committed Loan Notice” means a notice of (a) a Committed Borrowing, (b) a conversion of Committed Loans from one Type to the other, or (c) a continuation of LIBO Rate Loans, pursuant to Section 2.01(a), which, if in writing, shall be substantially in the form of Exhibit A-1.

 

“Compliance Certificate” means a certificate substantially in the form of Exhibit D.

 

“Concentration Account” has the meaning provided in Section 6.13(b).

 

“Consolidated” means, when used to modify a financial term, test, statement, or report of a Person, the application or preparation of such term, test, statement or report (as applicable) based upon the consolidation, in accordance with GAAP, of the financial condition or operating results of such Person and its Subsidiaries.

 

“Consolidated EBITDA” means, at any date of determination, an amount equal to Consolidated Net Income of the Lead Borrower and its Subsidiaries on a Consolidated basis for the most recently completed Measurement Period, plus (a) the following to the extent deducted in calculating such Consolidated Net Income: (i) Consolidated Interest Charges, (ii) the provision for Federal, state, local and foreign income Taxes, (iii) depreciation and amortization expense, (iv) non-cash stock compensation expenses and (v) other non-recurring expenses or losses reducing such Consolidated Net Income which do not represent a cash item in such period or any future period (in each case of or by the Lead Borrower and its Subsidiaries for such Measurement Period), minus (b) the following to the extent included in calculating such Consolidated Net Income: (i) Federal, state, local and foreign income tax credits and (ii) all non-cash items increasing Consolidated Net Income (in each case of or by the Lead Borrower and its Subsidiaries for such Measurement Period), all as determined on a Consolidated basis in accordance with GAAP.

 

“Consolidated Fixed Charge Coverage Ratio” means, at any date of determination, the ratio of (a) (i) Consolidated EBITDA for such period minus (ii) Capital Expenditures made during such period, minus (iii) the aggregate amount of Federal, state, local and foreign income taxes paid in cash during such period to (b) the sum of (i) Debt Service Charges plus (ii) the aggregate amount of all Restricted Payments, in each case, of or by the Lead Borrower and its Subsidiaries for the most recently completed Measurement Period, all as determined on a Consolidated basis in accordance with GAAP.

 

“Consolidated Interest Charges” means, for any Measurement Period, the sum of (a) all interest, premium payments, debt discount, fees, charges and related expenses in connection with borrowed money (including capitalized interest) or in connection with the deferred purchase price of assets, in each case to the extent treated as interest in accordance with GAAP, including, without limitation, all commissions, discounts and other fees and charges owed with respect to letters of credit and bankers’ acceptance financing and net costs under Swap Contracts, but excluding any non-cash or deferred interest financing costs, (b) all interest paid or payable with respect to discontinued operations and (c) the portion of rent expense with respect to such period under Capital Lease Obligations that is treated as interest in accordance with GAAP, in each case of or by the Lead Borrower and its Subsidiaries for the most recently completed Measurement Period, all as determined on a Consolidated basis in accordance with GAAP.

 

“Consolidated Net Income” means, as of any date of determination, the net income of the Lead Borrower and its Subsidiaries for the most recently completed Measurement Period, all as determined on a Consolidated basis in accordance with GAAP, provided, however, that there shall be excluded

 

 

(a) extraordinary gains for such Measurement Period, (b) the income (or loss) of such Person during such Measurement Period in which any other Person has a joint interest, except to the extent of the amount of cash dividends or other distributions actually paid in cash to such Person during such period, (c) the income (or loss) of such Person during such Measurement Period and accrued prior to the date it becomes a Subsidiary of a Person or any of such Person’s Subsidiaries or is merged into or consolidated with a Person or any of its Subsidiaries or that Person’s assets are acquired by such Person or any of its Subsidiaries, and (d) the income of any direct or indirect Subsidiary of a Person to the extent that the declaration or payment of dividends or similar distributions by that Subsidiary of that income is not at the time permitted by operation of the terms of its Organization Documents or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Subsidiary, except that the Lead Borrower’s equity in any net loss of any such Subsidiary for such Measurement Period shall be included in determining Consolidated Net Income.

 

“Contractual Obligation” means, as to any Person, any provision of any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound.

 

“Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise.  “Controlling” and “Controlled” have meanings correlative thereto.

 

“Conversion/Continuation Notice” means a notice of (a) a conversion of Loans from one Type to the other, or (b) a continuation of LIBO Rate Loans, pursuant to Section 2.02(c), which, if in writing, shall be substantially in the form of Exhibit A-2.

 

 “Cost” means the lower of cost or market value of Inventory, based upon the Borrowers’ accounting practices, known to the Administrative Agent, which practices are in effect on the Closing Date as such calculated cost is determined from invoices received by the Borrowers and reported on the Borrowers’ stock ledger or, solely with respect to Inventory consisting of “FOB inventory,” “store in-transit to DC”, “display units”, “DC in-transit to Puerto Rico” and “Pepsi inventory” (each as described on the Borrowers general ledger), as reported on the Borrowers’ general ledger.  “Cost” does not include inventory capitalization costs, other non-purchase price charges (such as freight) or the costs associated with “cores” included in Inventory, used in the Borrowers’ calculation of cost of goods sold.

 

“Covenant Compliance Event” means either (i) the occurrence and continuance of any Event of Default, or (ii) the failure of the Borrowers to maintain (at any time) Availability (calculated, for purposes of this definition, without giving effect to the Availability Block) at least equal to the greater of (A) $50,000,000 or (B) seventeen and one-half percent (17.5%) of the Borrowing Base.  For purposes hereof, the occurrence of a Covenant Compliance Event shall be deemed continuing (i) so long as such Event of Default has not been waived, and/or (ii) if the Covenant Compliance Event arises as a result of the Borrowers’ failure to achieve Availability as required hereunder, until Availability (calculated, for purposes of this definition, without giving effect to the Availability Block) has exceeded the greater of (A) $50,000,000 or (B) seventeen and one-half percent (17.5%) of the Borrowing Base, for sixty (60) consecutive Business Days, in which case a Covenant Compliance Event shall no longer be deemed to be continuing for purposes of this Agreement.

 

 “Credit Card Notifications” has the meaning provided in Section 6.13(a)(ii).

 

“Credit Card Receivables” means each “Account” (as defined in the UCC) together with all income, payments and proceeds thereof, owed by a major credit card issuer (including, but not limited to, Visa, MasterCard, Discovercard and American Express and such other issuers approved by the 

 

 

Administrative Agent) or, with respect to Lead Borrower’s private label credit card, General Electric Financial Services, to a Loan Party resulting from charges by a customer of a Loan Party on credit cards issued by such issuer in connection with the sale of goods by a Loan Party, or services performed by a Loan Party, in each case in the ordinary course of its business.

 

“Credit Extensions” mean each of the following: (a) a Borrowing and (b) an L/C Credit Extension.

 

“Credit Party” or “Credit Parties” means (a) individually, (i) each Lender and its Affiliates, (ii) each Agent, (iii) each L/C Issuer, (iv) the Arranger, (v) each beneficiary of each indemnification obligation undertaken by any Loan Party under any Loan Document, (vi) any other Person to whom Obligations under this Agreement and other Loan Documents are owing, and (vii) the successors and assigns of each of the foregoing, and (b) collectively, all of the foregoing.

 

“Credit Party Expenses” means, without limitation, (a) all reasonable out-of-pocket expenses incurred by the Administrative Agent, the Collateral Agent and their respective Affiliates, in connection with this Agreement and the other Loan Documents, including without limitation (i) the reasonable fees, charges and disbursements of (A) counsel for the Administrative Agent and the Collateral Agent, (B) outside consultants for the Administrative Agent and the Collateral Agent, (C) appraisers, (D) commercial finance examiners, and (E) all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of the Obligations, (ii) in connection with (A) the syndication of the credit facilities provided for herein, (B) the administration and management of this Agreement and the other Loan Documents or the preparation, negotiation, execution and delivery the Loan Documents or of any amendments, modifications or waivers of the provisions thereof (whether or not the transactions contemplated thereby shall be consummated), (C) the enforcement or protection of their rights in connection with this Agreement or the Loan Documents or efforts to preserve, protect, collect, or enforce the Collateral or in connection with any proceeding under any Debtor Relief Laws, or (D) any workout, restructuring or negotiations in respect of any Obligations, and (b) with respect to the L/C Issuer, and its Affiliates, all reasonable out-of-pocket expenses incurred in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder; and (c) all reasonable out-of-pocket expenses incurred by the Credit Parties who are not the Administrative Agent or the Collateral Agent, the L/C Issuer or any Affiliate of any of them, after the occurrence and during the continuance of an Event of Default, provided that such Credit Parties shall be entitled to reimbursement for no more than one counsel representing all such Credit Parties (absent a conflict of interest in which case the Credit Parties may engage and be reimbursed for additional counsel).

 

“Customer Credit Liabilities” means at any time, the aggregate remaining value at such time of (a) outstanding merchandise credits, gift certificates and gift cards of the Borrowers entitling the holder thereof to use all or a portion of the credit, certificate or gift card to pay all or a portion of the purchase price for any Inventory, and (b) outstanding customer deposits of the Borrowers.

 

“Customs Broker Agreement” means an agreement in form and substance satisfactory to the Agents among a Borrower, a customs broker or other carrier, and the Collateral Agent, in which the customs broker, freight forwarder or other carrier acknowledges that it has control over and holds the documents evidencing ownership of the subject Inventory for the benefit of the Collateral Agent and agrees, upon notice from the Collateral Agent, to hold and dispose of the subject Inventory solely as directed by the Collateral Agent.

 

“DDA” means each checking, savings or other demand deposit account maintained by any of the Loan Parties, other than any such account which does not include Collateral or the proceeds thereof and 

 

 

identified to the Agents as such by the Lead Borrower.  All funds in each DDA shall be conclusively presumed to be Collateral and proceeds of Collateral and the Agents and the Lenders shall have no duty to inquire as to the source of the amounts on deposit in any DDA.

 

“DDA Notification” has the meaning provided therefor in Section 6.13(a)(i).

 

“Debt Service Charges” means for any Measurement Period, the sum of (a) Consolidated Interest Charges paid or required to be paid for such Measurement Period, plus (b) principal payments made or required to be made on account of Indebtedness (excluding the Obligations but including, without limitation, Capital Lease Obligations) for such Measurement Period, in each case determined on a Consolidated basis in accordance with GAAP.

 

“Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally.

 

“Default” means any event or condition that constitutes an Event of Default or that, with the giving of any notice, the passage of time, or both, would be an Event of Default.

 

“Default Rate” means (a) when used with respect to Obligations other than Letter of Credit Fees, an interest rate equal to (i) the Prime Rate plus (ii) the Applicable Margin, if any, applicable to Prime Rate Loans, plus (iii) two percent ( 2%) per annum; provided, however, that with respect to a LIBO Rate Loan, the Default Rate shall be an interest rate equal to the interest rate (including any Applicable Margin) otherwise applicable to such Loan plus two percent ( 2%) per annum, and (b) when used with respect to Letter of Credit Fees, a rate equal to the Applicable Rate for Letters of Credit, plus two percent ( 2%) per annum.

 

“Defaulting Lender” means any Lender that (a) has failed to fund any portion of the Committed Loans, participations in L/C Obligations or participations in Swing Line Loans required to be funded by it hereunder within one Business Day of the date required to be funded by it hereunder, (b) has otherwise failed to pay over to the Administrative Agent or any other Lender any other amount required to be paid by it hereunder within one Business Day of the date when due, unless the subject of a good faith dispute, or (c) has been deemed insolvent or become the subject of a bankruptcy, insolvency or similar proceeding.

 

“Deteriorating Lender” means any Defaulting Lender or any Lender as to which (a) the L/C Issuer has a good faith belief that such Lender has defaulted in fulfilling its obligations under one or more other syndicated credit facilities, or (b) a Person that Controls such Lender has been deemed insolvent or become the subject of a bankruptcy, insolvency or similar proceeding.

 

“Display Unit Appraisal Percentage” means (a) prior to the inclusion of Inventory consisting of “display units” in the appraisal received by the Administrative Agent from an independent appraiser engaged by the Administrative Agent, sixty percent (60%) and (b) following the Administrative Agent’s receipt of the appraisal referred to in the foregoing clause (a), eighty-five percent (85%).

 

“Disposition” or “Dispose” means the sale, transfer, license, lease or other disposition (including any sale and leaseback transaction and any sale, transfer, license or other disposition of (whether in one transaction or in a series of transactions) of any property (including, without limitation, any Equity Interests) by any Person (or the granting of any option or other right to do any of the foregoing), including 

 

 

any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith .

 

“Disqualified Stock” means any Equity Interest that, by its terms (or by the terms of any security into which it is convertible, or for which it is exchangeable, in each case at the option of the holder thereof), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable at the option of the holder thereof, in whole or in part, on or prior to the date that is ninety-one (91) days after the date on which the Loans mature; provided, however, that (i) only the portion of such Equity Interests which so matures or is mandatorily redeemable, is so convertible or exchangeable or is so redeemable at the option of the holder thereof prior to such date shall be deemed to be Disqualified Stock and (ii) with respect to any Equity Interests issued to any employee or to any plan for the benefit of employees of the Lead Borrower or its Subsidiaries or by any such plan to such employees, such Equity Interest  shall not constitute Disqualified Stock solely because it may be required to be repurchased by the Lead Borrower or one of its Subsidiaries in order to satisfy applicable statutory or regulatory obligations or as a result of such employee’s termination, resignation, death or disability and if any class of Equity Interest  of such Person that by its terms authorizes such Person to satisfy its obligations thereunder by delivery of an Equity Interest that is not Disqualified Stock, such Equity Interests shall not be deemed to be Disqualified Stock. Notwithstanding the preceding sentence, any Equity Interest that would constitute Disqualified Stock solely because the holders thereof have the right to require a Loan Party to repurchase such Equity Interest  upon the occurrence of a change of control or an asset sale shall not constitute Disqualified Stock.  The amount of Disqualified Stock deemed to be outstanding at any time for purposes of this Agreement will be the maximum amount that the Lead Borrower and its Subsidiaries may become obligated to pay upon maturity of, or pursuant to any mandatory redemption provisions of, such Disqualified Stock or portion thereof, plus accrued dividends.

 

“Dollars” and “$” mean lawful money of the United States.

 

“Domestic Subsidiary” means any Subsidiary that is organized under the laws of any political subdivision of the United States.

 

“Early Termination Fee” has the meaning set forth in Section 2.09(b).

 

“Eligible Assignee” means (a) a Credit Party or any of its Affiliates; (b) a bank, insurance company, or company engaged in the business of making commercial loans, which Person, together with its Affiliates, has a combined capital and surplus in excess of $250,000,000.00; (c) an Approved Fund; (d) any Person to whom a Credit Party assigns its rights and obligations under this Agreement as part of an assignment and transfer of such Credit Party’s rights in and to a material portion of such Credit Party’s portfolio of asset based credit facilities, and (e) any other Person (other than a natural person) approved by (i) the Administrative Agent, the L/C Issuer and the Swing Line Lender, and (ii) unless an Event of Default has occurred and is continuing, the Lead Borrower (each such approval not to be unreasonably withheld or delayed); provided that notwithstanding the foregoing, “Eligible Assignee” shall not include a Loan Party or any of the Loan Parties’ Affiliates or Subsidiaries.

 

“Eligible Accounts Receivables” means Accounts arising from the sale of a Borrower’s Inventory (other than those consisting of Credit Card Receivables) that satisfies the following criteria at the time of creation and continues to meet the same at the time of such determination: such Account (i) has been earned by performance and represents the bona fide amounts due to a Borrower from an account debtor, and in each case originated in the ordinary course of business of such Borrower, and (ii) in each case is acceptable to the Administrative Agent in its Permitted Discretion, and is not ineligible for inclusion in the calculation of the Borrowing Base pursuant to any of clauses (a) through (u) below.  Without limiting 

 

 

the foregoing, to qualify as an Eligible Accounts Receivable, an Account shall indicate no Person other than a Borrower as payee or remittance party.  In determining the amount to be so included, the face amount of an Account shall be reduced by, without duplication, to the extent not reflected in such face amount, (i) the amount of all accrued and actual discounts, claims, credits or credits pending, promotional program allowances, price adjustments, finance charges or other allowances (including any amount that a Borrower may be obligated to rebate to a customer pursuant to the terms of any agreement or understanding (written or oral)) and (ii) the aggregate amount of all cash received in respect of such Account but not yet applied by the Borrowers to reduce the amount of such Eligible Accounts Receivable.  Any Accounts meeting the foregoing criteria shall be deemed Eligible Accounts Receivables but only as long as such Account is not included within any of the following categories, in which case such Account shall not constitute an Eligible Accounts Receivable:

 

(a)           Accounts that are not evidenced by an invoice;

 

(b)           Accounts that have been outstanding for more than ninety (90) days from the date of sale or more than sixty (60) days past the due date;

 

(c)           Accounts due from any account debtor, fifty percent (50%) or more of whose Accounts are ineligible under the provisions of clause (b), above.

 

(d)           Accounts with respect to which a Borrower does not have good, valid and marketable title thereto, free and clear of any Lien (other than Liens granted to the Collateral Agent pursuant to the Security Documents);

 

(e)           Accounts which are disputed or with respect to which a claim, counterclaim, offset or chargeback has been asserted, but only to the extent of such dispute, counterclaim, offset or chargeback;

 

(f)            Accounts which arise out of any sale made not in the ordinary course of business, made on a basis other than upon credit terms usual to the business of the Borrowers or are not payable in Dollars;

 

(g)           Accounts which are owed by any account debtor whose principal place of business is not within the continental United States;

 

(h)           Accounts which are owed by any Affiliate or any employee of a Loan Party;

 

(i)            Accounts for which all consents, approvals or authorizations of, or registrations or declarations with any Governmental Authority required to be obtained, effected or given in connection with the performance of such Account by the account debtor or in connection with the enforcement of such Account by the Agents have been duly obtained, effected or given and are in full force and effect;

 

(j)            Accounts due from an account debtor which is the subject of any bankruptcy or insolvency proceeding, has had a trustee or receiver appointed for all or a substantial part of its property, has made an assignment for the benefit of creditors or has suspended its business;

 

(k)           Accounts due from any Governmental Authority except to the extent that the subject account debtor is the United States of America or any State or political subdivision 

 

 

thereof, and has complied with the Federal Assignment of Claims Act of 1940 and any similar state legislation (if any);

 

(l)            Accounts (i) owing from any Person that is also a supplier to or creditor of a Loan Party or any of its Subsidiaries unless such Person has waived any right of setoff in a manner acceptable to the Administrative Agent or (ii) representing any manufacturer’s or supplier’s credits, discounts, incentive plans or similar arrangements entitling a Loan Party or any of its Subsidiaries to discounts on future purchase therefrom;

 

(m)          Accounts arising out of sales on a bill-and-hold, guaranteed sale, sale-or-return, sale on approval or consignment basis or subject to any right of return, setoff or charge back;

 

(n)           Accounts arising out of sales to account debtors outside the United States unless such Accounts are fully backed by an irrevocable letter of credit on terms, and issued by a financial institution, acceptable to the Administrative Agent and such irrevocable letter of credit is in the possession of the Administrative Agent;

 

(o)           Accounts payable other than in Dollars or that are otherwise on terms other than those normal and customary in the Borrowers’ business;

 

(p)           Accounts evidenced by a promissory note or other instrument;

 

(q)           Accounts consisting of amounts due from vendors as rebates or allowances;

 

(r)            Accounts which are in excess of the credit limit for such account debtor established by the Loan Parties in the ordinary course of business and consistent with past practices;

 

(s)           Accounts which include extended payment terms (datings) beyond those generally furnished to other account debtors in the ordinary course of business;

 

(t)            Accounts that are not subject to a first priority security interest in favor of the Collateral Agent; or

 

(u)           Accounts which the Administrative Agent determines in its Permitted Discretion to be unacceptable for borrowing.

 

“Eligible Credit Card Receivables” means at the time of any determination thereof, each Credit Card Receivable that satisfies the following criteria at the time of creation and continues to meet the same at the time of such determination: such Credit Card Receivable (i) has been earned by performance and represents the bona fide amounts due to a Borrower from a credit card payment processor and/or credit card issuer, and in each case originated in the ordinary course of business of such Borrower, and (ii) in each case is acceptable to the Administrative Agent in its Permitted Discretion, and is not ineligible for inclusion in the calculation of the Borrowing Base pursuant to any of clauses (a) through (k) below.  Without limiting the foregoing, to qualify as an Eligible Credit Card Receivable, an Account shall indicate no Person other than a Borrower as payee or remittance party.  In determining the amount to be so included, the face amount of an Account shall be reduced by, without duplication, to the extent not reflected in such face amount, (i) the amount of all accrued and actual discounts, claims, credits or credits pending, promotional program allowances, price adjustments, finance charges or other allowances (including any amount that a Borrower may be obligated to rebate to a customer, a credit card payment 

 

 

processor, or credit card issuer pursuant to the terms of any agreement or understanding (written or oral)) and (ii) the aggregate amount of all cash received in respect of such Account but not yet applied by the Loan Parties to reduce the amount of such Credit Card Receivable.  Any Credit Card Receivables meeting the foregoing criteria shall be deemed Eligible Credit Card Receivables but only as long as such Credit Card Receivable is not included within any of the following categories, in which case such Credit Card Receivable shall not constitute an Eligible Credit Card Receivable:

 

(a)           Credit Card Receivables which do not constitute an “Account” (as defined in the UCC);

 

(b)           Credit Card Receivables that have been outstanding for more than five (5) Business Days from the date of sale;

 

(c)           Credit Card Receivables with respect to which a Loan Party does not have good, valid and marketable title, free and clear of any Lien (other than Liens granted to the Collateral Agent);

 

(d)           Credit Card Receivables that are not subject to a first priority security interest in favor of the Collateral Agent (it being the intent that chargebacks in the ordinary course by such processors shall not be deemed violative of this clause);

 

(e)           Credit Card Receivables which are disputed, are with recourse, or with respect to which a claim, counterclaim, offset or chargeback has been asserted (to the extent of such claim, counterclaim, offset or chargeback);

 

(f)            Credit Card Receivables as to which the processor has the right under certain circumstances to require a Loan Party to repurchase the Accounts from such credit card processor;

 

(g)           Credit Card Receivables due from an issuer or payment processor of the applicable credit card which is the subject of any bankruptcy, insolvency or similar proceedings;

 

(h)           Credit Card Receivables which are not a valid, legally enforceable obligation of the applicable issuer with respect thereto;

 

(i)            Credit Card Receivables which do not conform to all representations, warranties or other provisions in the Loan Documents relating to Credit Card Receivables;

 

(j)            Credit Card Receivables which are evidenced by “chattel paper” or an “instrument” of any kind unless such “chattel paper” or “instrument” is in the possession of the Collateral Agent, and to the extent necessary or appropriate, endorsed to the Collateral Agent; or

 

(k)           Credit Card Receivables which the Administrative Agent determines in its Permitted Discretion to be uncertain of collection.

 

“Eligible Display Unit Inventory” means, as of any date of determination thereof, without duplication of other Eligible Inventory, Inventory:

 

(a)           Which is reflected as “display units” on Borrower’s general ledger (consistent with practices existing on the Closing Date); and

 

 

(b)           Which otherwise would constitute Eligible Inventory.

 

“Eligible In-Transit Inventory” means, as of any date of determination thereof, without duplication of other Eligible Inventory, Inventory:

 

(a)           Which has been shipped from a foreign location for receipt by a Borrower within sixty (60) days of the date of determination, but which has not yet been delivered to such Borrower;

 

(b)           For which the purchase order is in the name of a Borrower and title has passed to such Borrower;

 

(c)           For which the document of title reflects a Borrower as consignee or, if requested by the Collateral Agent, names the Collateral Agent as consignee, and in each case as to which the Collateral Agent has control over the documents of title which evidence ownership of the subject Inventory (such as, if requested by the Collateral Agent, by the delivery of a Customs Broker Agreement);

 

(d)           Which is insured to the reasonable satisfaction of the Collateral Agent; and

 

(e)           Which otherwise would constitute Eligible Inventory.

 

“Eligible Inventory” means, as of the date of determination thereof, without duplication, (i) Eligible In-Transit Inventory, and (ii) items of Inventory of a Borrower that are finished goods, merchantable and readily saleable to the public in the ordinary course deemed by the Administrative Agent in its Permitted Discretion to be eligible for inclusion in the calculation of the Borrowing Base, in each case that, except as otherwise agreed by the Administrative Agent, complies with each of the representations and warranties respecting Inventory made by the Borrowers in the Loan Documents, and that is not excluded as ineligible by virtue of one or more of the criteria set forth below.  Except as otherwise agreed by the Administrative Agent, the following items of Inventory shall not be included in Eligible Inventory:

 

(a)           Inventory that is not solely owned by a Borrower or a Borrower does not have good and valid title thereto;

 

(b)           Inventory that is leased by or is on consignment to a Borrower or which is consigned by a Borrower to a Person that is not a Loan Party;

 

(c)           Inventory (other than Eligible In Transit Inventory) that is not located in the United States of America (excluding territories or possessions of the United States);

 

(d)           Inventory at a location that is not owned or leased by a Borrower, except to the extent that the Borrowers have furnished the Administrative Agent with (i) any UCC financing statements or other documents that the Administrative Agent may determine to be necessary to perfect its security interest in such Inventory at such location, and (ii) a Collateral Access Agreement executed by the Person owning or operating any such location on terms reasonably acceptable to the Administrative Agent;

 

(e)           Inventory that is comprised of goods which (i) are damaged, defective, “seconds,” or otherwise unmerchantable, (ii) are to be returned to the vendor, (iii) are obsolete or 

 

 

custom items, work-in-process, raw materials, or that constitute spare parts, promotional, marketing, packaging and shipping materials or supplies used or consumed in a Borrower’s business, (iv) are seasonal in nature and which have been packed away for sale in the subsequent season, (v) are not in compliance with all standards imposed by any Governmental Authority having regulatory authority over such Inventory, its use or sale, or (vi) are bill and hold goods;

 

(f)            Inventory that is not subject to a perfected first priority security interest in favor of the Collateral Agent;

 

(g)           Inventory that consists of samples (other than Eligible Display Unit Inventory), labels, bags, packaging, and other similar non-merchandise categories;

 

(h)           Inventory that is not insured in compliance with the provisions of Section 5.10 hereof;

 

(i)            Inventory that has been sold but not yet delivered or as to which a Borrower has accepted a deposit;

 

(j)            Inventory that is subject to any licensing, patent, royalty, trademark, trade name or copyright agreement with any third party from which any Borrower or any of its Subsidiaries has received notice of a dispute in respect of any such agreement;

 

(k)           Inventory consisting of (i) recyclable parts or “cores” held for sale, (ii) “loaner tools” and (iii) EPA Settlement Inventory (until such time as the inquiry from the EPA has been resolved to the reasonable satisfaction of the Administrative Agent); or

 

(l)            Inventory acquired in a Permitted Acquisition, unless and until the Collateral Agent has completed or received (A) an appraisal of such Inventory from appraisers satisfactory to the Collateral Agent, establishes an advance rate and Inventory Reserves (if applicable) therefor, and otherwise agrees that such Inventory shall be deemed Eligible Inventory, and (B) such other due diligence as the Agents may reasonably require, all of the results of the foregoing to be reasonably satisfactory to the Agents.

 

“Eligible Pepsi Inventory” means, as of any date of determination thereof, without duplication of other Eligible Inventory, Inventory:

 

(a)           Which is reflected as “Pepsi inventory” on Borrower’s general ledger (consistent with practices existing on the Closing Date); and

 

(b)           Which otherwise would constitute Eligible Inventory.

 

“Environmental Laws” means any and all Federal, state, local, and foreign statutes, laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to pollution and the protection of the environment or the release of any materials into the environment, including those related to hazardous substances or wastes, air emissions and discharges to waste or public systems.

 

“Environmental Liability” means any liability, obligation, damage, loss, claim, action, suit, judgment, order, fine, penalty, fee, expense, or cost, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of any Borrower, any other 

 

 

Loan Party or any of their respective Subsidiaries directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal or presence of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.

 

“EPA Settlement Inventory” means all Inventory of Borrowers which, at the time of determination, is suspended for resale as a result of the inquiry made by the Environmental Protection Agency identified on Schedule 5.06 hereto.

 

“Equipment” has the meaning set forth in the Security Agreement.

 

“Equity Interests” means, with respect to any Person, all of the shares of capital stock of (or other ownership or profit interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or other ownership or profit interests in) such Person, all of the securities convertible into or exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or acquisition from such Person of such shares (or such other interests), and all of the other ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such shares, warrants, options, rights or other interests are outstanding on any date of determination.

 

“ERISA” means the Employee Retirement Income Security Act of 1974.

 

“ERISA Affiliate” means any trade or business (whether or not incorporated) under common control with a Loan Party within the meaning of Section 414(b) or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code).

 

“ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) a withdrawal by a Loan Party or any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by a Loan Party or any ERISA Affiliate from a Multiemployer Plan or notification to a Loan Party that a Multiemployer Plan is in reorganization; (d) the filing of a notice of intent to terminate, the treatment of a Plan amendment as a termination under Sections 4041 or 4041A of ERISA, or the commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (e) an event or condition which constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan or Multiemployer Plan; or (f) the imposition of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon a Loan Party or any ERISA Affiliate.

 

“Event of Default” has the meaning specified in Section 8.01.  An Event of Default shall be deemed to be continuing unless and until that Event of Default has been duly waived as provided in Section 10.03 hereof.

 

“Excluded Taxes” means, with respect to the Administrative Agent, any Lender, the L/C Issuer or any other recipient of any payment to be made by or on account of any obligation of the Borrowers hereunder, (a) taxes imposed on or measured by its overall net income (however denominated), and franchise taxes imposed on it (in lieu of net income taxes), by the jurisdiction (or any political subdivision 

 

 

thereof) under the laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender, in which its applicable Lending Office is located, (b) any branch profits taxes imposed by the United States or any similar tax imposed by any other jurisdiction in which any Loan Party is located and (c) in the case of a Foreign Lender (other than an assignee pursuant to a request by the Lead Borrower under Section 10.13), any withholding tax that is imposed on amounts payable to such Foreign Lender at the time such Foreign Lender becomes a party hereto (or designates a new Lending Office) or is attributable to such Foreign Lender’s failure or inability (other than as a result of a Change in Law) to comply with Section 3.01(e), except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time of designation of a new Lending Office (or assignment), to receive additional amounts from the Borrowers with respect to such withholding tax pursuant to Section 3.01(a).

 

“Executive Order” has the meaning set forth in Section 10.18.

 

“Existing Credit Agreement” means that certain Second Amended and Restated Loan and Security Agreement dated as of June 29, 2007 among the Borrowers, the Guarantors, Wachovia Bank, National Association, as agent, and a syndicate of lenders.

 

“Existing Letters of Credit” means each of the Letters of Credit listed on Schedule 1.03.

 

“Extraordinary Receipt” means any cash received by or paid to or for the account of any Person not in the ordinary course of business, including tax refunds, pension plan reversions, proceeds of insurance (other than proceeds of business interruption insurance to the extent such proceeds constitute compensation for lost earnings), condemnation awards (and payments in lieu thereof), indemnity payments and any purchase price adjustments.

 

“Facility Guaranty” means the Guaranty made by the Guarantors in favor of the Agents and the Lenders, in form reasonably satisfactory to the Administrative Agent.

 

“Federal Funds Rate”  means, for any day, the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions as determined by the Administrative Agent.

 

“Fee Letter” means the letter agreement, dated October 17, 2008, among the Lead Borrower, the Administrative Agent and the Arranger.

 

“Fiscal Month”  means any fiscal month of any Fiscal Year determined in accordance with the fiscal accounting calendar of the Loan Parties.

 

“Fiscal Quarter” means any fiscal quarter of any Fiscal Year determined in accordance with the fiscal accounting calendar of the Loan Parties.

 

“Fiscal Year” means any period of twelve consecutive months ending on the Saturday that is closest to January 31st of any calendar.

 

 

“Foreign Assets Control Regulations” has the meaning set forth in Section 10.18.

 

“Foreign Lender” means any Lender that is organized under the laws of a jurisdiction other than that in which the Lead Borrower is resident for tax purposes.  For purposes of this definition, the United States, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction.

 

“Fronting Fee” has the meaning assigned to such term in Section 2.03(j).

 

“FRB” means the Board of Governors of the Federal Reserve System of the United States.

 

“Fund” means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business.

 

“GAAP” means generally accepted accounting principles in the United States set forth in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or such other principles as may be approved by a significant segment of the accounting profession in the United States, that are applicable to the circumstances as of the date of determination, consistently applied.

 

“Governmental Authority” means the government of the United States or any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank).

 

“Guarantee” means, as to any Person, any (a) any obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation payable or performable by another Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or lease property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other obligation of the payment or performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity or level of income or cash flow of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee in respect of such Indebtedness or other obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any Indebtedness or other obligation of any other Person, whether or not such Indebtedness or other obligation is assumed by such Person (or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien).  The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith.  The term “Guarantee” as a verb has a corresponding meaning.

 

“Guarantor” means each wholly-owned Subsidiary of the Lead Borrower (other than any Borrower (without limiting the joint and several liability of each Borrower for all Obligations), any CFC 

 

 

and Colchester Insurance Corporation) and each other Subsidiary of the Lead Borrower that shall be required to execute and deliver a Facility Guaranty pursuant to Section 6.12.

 

“Hazardous Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to any Environmental Law.

 

“Honor Date” has the meaning specified in Section 2.03(c)(i).

 

“Increase Effective Date” shall have the meaning provided therefor in Section 2.15(d).

 

“Indebtedness” means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

 

(a)           all obligations of such Person for borrowed money and all obligations of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments;

 

(b)           the maximum amount of all direct or contingent obligations of such Person arising under letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments;

 

(c)           net obligations of such Person under any Swap Contract;

 

(d)           all obligations of such Person to pay the deferred purchase price of property or services (other than trade accounts payable in the ordinary course of business) and, in each case, paid in accordance with the payment terms thereof and otherwise not past due for more than thirty (30) days, but excluding those being contested in good faith for which such Person has set aside on its books adequate reserves with respect thereto in accordance with GAAP

 

 (e)          indebtedness (excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by such Person (including indebtedness arising under conditional sales or other title retention agreements), whether or not such indebtedness shall have been assumed by such Person or is limited in recourse;

 

(f)            all Attributable Indebtedness of such Person;

 

(g)           all Disqualified Stock and all other obligations of such Person to purchase, redeem, retire, defease or otherwise make any payment in respect of any Equity Interest in such Person or any other Person, or any warrant, right or option to acquire such Equity Interest, valued, in the case of a redeemable preferred interest, at the greater of its voluntary or involuntary liquidation preference plus accrued and unpaid dividends; and

 

(h)           all Guarantees of such Person in respect of any of the foregoing.

 

For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which such Person is a general partner or a joint venturer, unless such Indebtedness is expressly made non-recourse to such Person.  The amount of any net obligation under any Swap Contract on any date shall be deemed to be the Swap Termination Value thereof as of such date.

 

 

“Indemnified Taxes” means Taxes other than Excluded Taxes.

 

“Indemnitees” has the meaning specified in Section 10.04(b).

 

“Indenture” means that certain Indenture between the Lead Borrower as issuer and Wachovia Bank National Association, as trustee dated as of December 14, 2004.

 

“Information” has the meaning specified in Section 10.07.

 

“Intellectual Property” means all present and future:  trade secrets, know-how and other proprietary information; trademarks, trademark applications, internet domain names, service marks, trade dress, trade names, business names, designs, logos, slogans (and all translations, adaptations, derivations and combinations of the foregoing) indicia and other source and/or business identifiers, and all registrations or applications for registrations which have heretofore been or may hereafter be issued thereon throughout the world; copyrights and copyright applications; (including copyrights for computer programs) and all tangible and intangible property embodying the copyrights, unpatented inventions (whether or not patentable); patents and patent applications; industrial design applications and registered industrial designs; license agreements related to any of the foregoing and income therefrom; books, records, writings, computer tapes or disks, flow diagrams, specification sheets, computer software, source codes, object codes, executable code, data, databases and other physical manifestations, embodiments or incorporations of any of the foregoing; all other intellectual property; and all common law and other rights throughout the world in and to all of the foregoing.

 

“Interest Payment Date” means, (a) as to any Loan other than a Prime Rate Loan, the last day of each Interest Period applicable to such Loan and the Maturity Date; provided, however, that if any Interest Period for a LIBO Rate Loan exceeds three months, the respective dates that fall every three months after the beginning of such Interest Period shall also be Interest Payment Dates; and (b) as to any Prime Rate Loan (including a Swing Line Loan), the first Business Day of each month and the Maturity Date.

 

“Interest Period” means, as to each LIBO Rate Loan, the period commencing on the date such LIBO Rate Loan is disbursed or converted to or continued as a LIBO Rate Loan and ending on the date one (1), two (2), three (3) or six (6) months thereafter, as selected by the Lead Borrower in its Committed Loan Notice; provided that:

 

(i)            any Interest Period that would otherwise end on a day that is not a Business Day shall be extended to the next succeeding Business Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day;

 

(ii)           any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period;

 

(iii)          no Interest Period shall extend beyond the Maturity Date; and

 

(iv)          notwithstanding the provisions of clause (iii) no Interest Period shall have a duration of less than one (1) month, and if any Interest Period applicable to a LIBO Borrowing would be for a shorter period, such Interest Period shall not be available hereunder.

 

 

For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing.

 

“Internal Control Event” means a material weakness in, or actual fraud that involves management or other employees who have a significant role in, the Lead Borrower’s internal controls over financial reporting.

 

“Inventory” has the meaning given that term in the UCC, and shall also  include, without limitation, all: (a) goods which (i) are leased by a Person as lessor, (ii) are held by a Person for sale or lease or to be furnished under a contract of service, (iii) are furnished by a Person under a contract of service, or (iv) consist of raw materials, work in process, or materials used or consumed in a business; (b) goods of said description in transit; (c) goods of said description which are returned, repossessed or rejected; and (d) packaging, advertising, and shipping materials related to any of the foregoing.

 

 “Inventory Reserves” means, without duplication of any other Reserves or items that are otherwise addressed or excluded through eligibility criteria, such reserves as may be established from time to time by the Administrative Agent in its Permitted Discretion with respect to the determination of the saleability, at retail, of the Eligible Inventory or which reflect such other factors as affect the market value of the Eligible Inventory. Without limiting the generality of the foregoing, Inventory Reserves may, in the Administrative Agent’s Permitted Discretion, include (but are not limited to) reserves based on:

 

(a)           Obsolescence;

 

(b)           Seasonality;

 

(c)           Shrink;

 

(d)           Imbalance;

 

(e)           Change in Inventory character;

 

(f)            Change in Inventory composition;

 

(g)           Change in Inventory mix;

 

(h)           Mark-downs (both permanent and point of sale);

 

(i)            Retail mark-ons and mark-ups inconsistent with prior period practice and performance, industry standards, current business plans or advertising calendar and planned advertising events;

 

(j)            reasonably anticipated changes in appraised value of Inventory between appraisals; and

 

(k)           Out-of-date and/or expired Inventory.

 

“Investment” means, as to any Person, any direct or indirect acquisition or investment by such Person, whether by means of (a) the purchase or other acquisition Equity Interests of another Person, (b) a loan, advance or capital contribution to, Guarantee or assumption of debt of, or purchase or other acquisition of any other debt or interest in, another Person, or (c) any Acquisition.  For purposes of 

 

 

covenant compliance, the amount of any Investment shall be the amount actually invested, without adjustment for subsequent increases or decreases in the value of such Investment.

 

“IRS” means the United States Internal Revenue Service.

 

“ISP” means, with respect to any Letter of Credit, the “International Standby Practices 1998” published by the Institute of International Banking Law & Practice (or such later version thereof as may be in effect at the time of issuance).

 

“Issuer Documents” means with respect to any Letter of Credit, the Letter of Credit Application, and any other document, agreement and instrument entered into by the L/C Issuer and any Borrower (or any Subsidiary) or in favor the L/C Issuer and relating to any such Letter of Credit.

 

“Joinder Agreement” means an agreement, in form satisfactory to the Administrative Agent pursuant to which, among other things, a Person becomes a party to, and bound by the terms of, this Agreement and/or the other Loan Documents in the same capacity and to the same extent as either a Borrower or a Guarantor, as the Administrative Agent may determine.

 

“Landlord Lien State” means such state(s) in which a landlord’s claim for rent may have priority over the lien of the Collateral Agent in any of the Collateral.

 

“Laws” means each international, foreign, Federal, state and local statute, treaty, rule, guideline, regulation, ordinance, code and administrative or judicial precedent or authority, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof, and each applicable administrative order, directed duty, request, license, authorization and permit of, and agreement with, any Governmental Authority, in each case whether or not having the force of law.

 

“L/C Advance” means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

 

“L/C Borrowing” means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Committed Borrowing.

 

“L/C Credit Extension” means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof.

 

“L/C Issuer” means (a) Bank of America in its capacity as issuer of Letters of Credit hereunder, or any successor issuer of Letters of Credit hereunder (which successor may only be a Lender selected by the Administrative Agent in its discretion), (b) Wells Fargo Retail Finance, LLC in its capacity as issuer of Letters of Credit hereunder, (c) with respect to the Existing Letters of Credit and until such Existing Letters of Credit expire or are return undrawn, Wachovia Bank, National Association and (d) any other Lender reasonably acceptable to the Administrative Agent.  The L/C Issuer may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of the L/C Issuer, in which case the term “L/C Issuer” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate (it being understood that Wachovia Bank, National Association is an Affiliate of Wells Fargo Retail Finance, LLC).

 

“L/C Obligations” mean, as at any date of determination, the aggregate undrawn amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed 

 

 

Amounts, including all L/C Borrowings.  For purposes of computing the amounts available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06.  For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

 

“Lease” means any agreement, whether written or oral, no matter how styled or structured, pursuant to which a Loan Party is entitled to the use or occupancy of any real property for any period of time.

 

“Lender” has the meaning specified in the introductory paragraph hereto and, as the context requires, includes the Swing Line Lender.

 

“Lending Office” means, as to any Lender, the office or offices of such Lender described as such in such Lender’s Administrative Questionnaire, or such other office or offices as a Lender may from time to time notify the Lead Borrower and the Administrative Agent.

 

“Letter of Credit” means each Standby Letter of Credit and each Commercial Letter of Credit issued hereunder and shall include the Existing Letters of Credit and bankers’ acceptances.

 

“Letter of Credit Application” means an application and agreement for the issuance or amendment of a Letter of Credit in the form from time to time in use by the L/C Issuer.

 

“Letter of Credit Expiration Date” means the day that is seven days prior to the Maturity Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

 

“Letter of Credit Fee” has the meaning specified in Section 2.03(i).

 

“Letter of Credit Sublimit” means an amount equal to $125,000,000.  The Letter of Credit Sublimit is part of, and not in addition to, the Aggregate Commitments.  A permanent reduction of the Aggregate Commitments shall not require a corresponding pro rata reduction in the Letter of Credit Sublimit; provided, however, that if the Aggregate Commitments are reduced to an amount less than the Letter of Credit Sublimit, then the Letter of Credit Sublimit shall be reduced to an amount equal to (or, at Lead Borrower’s option, less than) the Aggregate Commitments.

 

“LIBO Borrowing” means a Borrowing comprised of LIBO Loans.

 

“LIBO Rate” means for any Interest Period with respect to a LIBO Rate Loan, the rate per annum equal to the British Bankers Association LIBOR Rate (“BBA LIBOR”), as published by Reuters (or other commercially available source providing quotations of BBA LIBOR as designated by the Administrative Agent from time to time) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, for Dollar deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period.  If such rate is not available at such time for any reason, then the “LIBO Rate” for such Interest Period shall be the rate per annum determined by the Administrative Agent to be the rate at which deposits in Dollars for delivery on the first day of such Interest Period in same day funds in the approximate amount of the LIBO Rate Loan being made, continued or converted by Bank of America and with a term equivalent to such Interest Period would be offered by Bank of America’s London Branch to major banks in the London interbank eurodollar market 

 

 

at their request at approximately 11:00 a.m. (London time) two Business Days prior to the commencement of such Interest Period.

 

“LIBO Rate Loan” means a Committed Loan that bears interest at a rate based on the Adjusted LIBO Rate.

 

“Lien” means (a) any mortgage, deed of trust, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, or preference, priority or other security interest or preferential arrangement in the nature of a security interest of any kind or nature whatsoever (including any conditional sale, Capital Lease Obligation, Synthetic Lease Obligation, or other title retention agreement, any easement, right of way or other encumbrance on title to real property, and any financing lease having substantially the same economic effect as any of the foregoing) and (b) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities.

 

“Liquidation” means the exercise by the Administrative Agent or Collateral Agent of those rights and remedies accorded to such Agents under the Loan Documents and applicable Law as a creditor of the Loan Parties with respect to the realization on the Collateral, including (after the occurrence and during the continuation of an Event of Default) the conduct by the Loan Parties acting with the consent of the Administrative Agent, of any public, private or “going-out-of-business”, “store closing” or other similar sale or any other disposition of the Collateral for the purpose of liquidating the Collateral.  Derivations of the word “Liquidation” (such as “Liquidate”) are used with like meaning in this Agreement.

 

“Liquidity Event” means either (a) the occurrence and continuance of any Event of Default, or (ii) the failure of the Borrowers to maintain (at any time) Availability (calculated, for purposes of this definition, without giving effect to the Availability Block) equal to or greater than seventeen and one-half percent (17.5%) of the lesser of (i) the Aggregate Commitments and (ii) the Borrowing Base.  For purposes of this Agreement, the occurrence of a Liquidity Event shall be deemed continuing (i) so long as such Event of Default has not been waived, and/or (ii) if the Liquidity Event arises as a result of the Borrowers’ failure to achieve Availability as required hereunder, until Availability (calculated, for purposes of this definition, without giving effect to the Availability Block) has exceeded seventeen and one-half percent (17.5%) of the lesser of (i) the Aggregate Commitments and (ii) the Borrowing Base for sixty (60) consecutive calendar days, in which case an Liquidity Event shall no longer be deemed to be continuing for purposes of this Agreement; provided, that a Liquidity Event shall be deemed continuing (even if an Event of Default is no longer continuing and/or Availability exceeds the required amount for sixty (60) consecutive Business Days) at all times after a Liquidity Event has occurred and been discontinued on two (2) occasions in any consecutive twelve (12) month period.

 

 “Loan” means an extension of credit by a Lender to any Borrower under Article II in the form of a Committed Loan or a Swing Line Loan.

 

“Loan Account” has the meaning assigned to such term in Section 2.11(a).

 

“Loan Documents” means this Agreement, each Note, each Issuer Document, the Fee Letter, all Borrowing Base Certificates, the Blocked Account Agreements, the DDA Notifications, the Credit Card Notifications, the Security Documents, the Facility Guaranty, and any other instrument or agreement now or hereafter executed and delivered in connection herewith, or in connection with any transaction arising out of any Cash Management Services and Bank Products, each as amended and in effect from time to time.

 

“Loan Party” means the Borrowers and each Guarantor.

 

 

“Material Adverse Effect” means (a) a material adverse change in, or a material adverse effect upon, the operations, business, properties, liabilities or condition (financial or otherwise) of the Loan Parties taken as a whole; (b) a material impairment of the ability of the Loan Parties to perform their respective obligations under any Loan Document; or (c) a material impairment of the rights and remedies of the Agent or the Lenders under any Loan Document or a material adverse effect upon the legality, validity, binding effect or enforceability against any Loan Party of any Loan Document to which it is a party.  In determining whether any individual event would result in a Material Adverse Effect, notwithstanding that such event in and of itself does not have such effect, a Material Adverse Effect shall be deemed to have occurred if the cumulative effect of such event and all other then existing events would result in a Material Adverse Effect.

 

“Material Contract” means, with respect to any Person, each contract to which such Person is a party to which the breach, cancellation or failure to renew, or any adverse material change thereto, would result in a Material Adverse Affect.

 

“Material Indebtedness” means Indebtedness (other than the Obligations) of the Loan Parties in an aggregate principal amount exceeding $20,000,000.  Without limitation of the foregoing, the Term Loan and the obligations under the Indenture, each as amended and in effect on the Closing Date, shall be deemed Material Indebtedness. For purposes of determining the amount of Material Indebtedness at any time, the amount of the obligations in respect of any Swap Contract at such time shall be calculated at the Swap Termination Value thereof.

 

“Maturity Date” means January 16, 2014.

 

“Maximum Rate” has the meaning provided therefor in Section 10.09.

 

“Measurement Period” means, at any date of determination, the most recently completed twelve (12) Fiscal Months of the Lead Borrower.

 

“Moody’s” means Moody’s Investors Service, Inc. and any successor thereto.

 

“Multiemployer Plan” means any employee benefit plan of the type described in Section 4001(a)(3) of ERISA, to which a Loan Party or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated to make contributions.

 

“Net Orderly Liquidation Value” means the appraised orderly liquidation value of the Borrowers’ Eligible Inventory, net of costs and expenses to be incurred in connection with any such liquidation, which value is expressed as a percentage of Cost of the Borrowers’ Eligible Inventory as set forth in the Borrowers’ inventory stock ledger, which value shall be determined from time to time by the most recent appraisal undertaken by an independent appraiser engaged by the Administrative Agent.

 

“Net Proceeds” means (a) with respect to any Disposition by any Loan Party or any of its Subsidiaries, or any Extraordinary Receipt received or paid to the account of any Loan Party or any of its Subsidiaries, the excess, if any, of (i) the sum of cash and cash equivalents received in connection with such transaction (including any cash or cash equivalents received by way of deferred payment pursuant to, or by monetization of, a note receivable or otherwise, but only as and when so received) over (ii) the sum of (A) the principal amount of any Indebtedness that is secured by the applicable asset by a Lien permitted hereunder which is senior to the Collateral Agent’s Lien on such asset and that is required to be repaid (or to establish an escrow for the future repayment thereof) in connection with such transaction 

 

 

(other than Indebtedness under the Loan Documents), (B) the reasonable and customary out-of-pocket expenses incurred by such Loan Party or such Subsidiary in connection with such transaction (including, without limitation, appraisals, and brokerage, legal, title and recording or transfer tax expenses and commissions) paid by any Loan Party to third parties (other than Affiliates)); and

 

(b)           with respect to the sale or issuance of any Equity Interest by any Loan Party or any of its Subsidiaries, or the incurrence or issuance of any Indebtedness by any Loan Party or any of its Subsidiaries, the excess of (i) the sum of the cash and cash equivalents received in connection with such transaction over (ii) the underwriting discounts and commissions, and other reasonable and customary out-of-pocket expenses, incurred by such Loan Party or such Subsidiary in connection therewith.

 

“Non-Consenting Lender” has the meaning provided therefor in Section 10.01.

 

“Non-Extension Notice Date” has the meaning specified in Section 2.03(b)(iii).

 

“Note” means (a) a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit C-1, and (b) the Swing Line Note, as each may be amended, supplemented or modified from time to time.

 

“NPL” means the National Priorities List under CERCLA.

 

“Obligations” means (a) all advances to, and debts (including principal, interest, fees, costs, and expenses), liabilities, obligations, covenants, indemnities, and duties of, any Loan Party arising under any Loan Document or otherwise with respect to any Loan or Letter of Credit (including payments in respect of reimbursement of disbursements, interest thereon and obligations to provide cash collateral therefor), whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest, fees and expenses that accrue after the commencement by or against any Loan Party or any Affiliate thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding, and (b) any Other Liabilities.

 

“Organization Documents” means, (a) with respect to any corporation, the certificate or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the certificate or articles of formation or organization and operating agreement; (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of formation or organization and any agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or organization and, if applicable, any certificate or articles of formation or organization of such entity, and (d) in each case, all shareholder or other equity holder agreements, voting trusts and similar arrangements to which such Person is a party or which is applicable to its Equity Interests and all other arrangements relating to the Control or management of such Person.

 

“Other Liabilities” means any obligation on account of (a) any Cash Management Services and/or (b) any Bank Product.

 

“Other Taxes” means all present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made hereunder or under any other Loan Document or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Loan Document.

 

 

“Outstanding Amount” means (i) with respect to Committed Loans and Swing Line Loans on any date, the aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of Committed Loans and Swing Line Loans, as the case may be, occurring on such date; and (ii) with respect to any L/C Obligations on any date, the amount of such L/C Obligations on such date after giving effect to any L/C Credit Extension occurring on such date and any other changes in the aggregate amount of the L/C Obligations as of such date, including as a result of any reimbursements by the Borrowers of Unreimbursed Amounts.

 

“Overadvance” means a Credit Extension to the extent that, immediately after its having been made, Availability is less than zero.

 

“Participant” has the meaning specified in Section 10.06(d).

 

“Payment Conditions” means, at the time of determination with respect to any specified transaction or payment, that (a) no Default or Event of Default then exists or would arise as a result of entering into such transaction or the making such payment and (b) after giving effect to such transaction or payment, either (i) the Pro Forma Availability Condition has been satisfied and the Consolidated Fixed Charge Coverage Ratio, on a pro-forma basis for the Measurement Period immediately prior to such transaction or payment, will be equal to or greater than 1.1:1.0, or (ii) the Pro Forma Availability Condition has been satisfied and the Loan Parties shall have provided the Administrative Agent with a solvency opinion (including an analysis of future Availability demonstrating that the Pro Forma Availability Condition will be satisfied) from an unaffiliated third party valuation firm reasonably acceptable to the Administrative Agent.  Prior to undertaking any transaction or payment which is subject to the Payment Conditions, the Loan Parties shall deliver to the Administrative Agent evidence of satisfaction of the conditions contained in clause (b) above on a basis (including, without limitation, giving due consideration to results for prior periods) reasonably satisfactory to the Administrative Agent.

 

“PBGC” means the Pension Benefit Guaranty Corporation.

 

“PCAOB” means the Public Company Accounting Oversight Board.

 

“Pension Plan” means any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by a Loan Party or any ERISA Affiliate or to which a Loan Party or any ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple employer or other plan described in Section 4064(a) of ERISA, has made contributions at any time during the immediately preceding five plan years.

 

“Permitted Acquisition” means an Acquisition in which all of the following conditions are satisfied:

 

(a)           No Default then exists or would arise from the consummation of such Acquisition;

 

(b)           Such Acquisition shall have been approved by the Board of Directors of the Person (or similar governing body if such Person is not a corporation) which is the subject of such Acquisition and such Person shall not have announced that it will oppose such Acquisition or shall not have commenced any action which alleges that such Acquisition shall violate applicable Law;

 

 

(c)           With respect to any such Acquisition (in a single or series of related transactions)  involving aggregate consideration (whether in cash, tangible property, notes or other property) equal to or greater than the aggregate sum of $50,000,000, the Lead Borrower shall have furnished the Administrative Agent with thirty (30) days’ prior written notice of such intended Acquisition and shall have furnished the Administrative Agent with a current draft of the documents, agreements and instruments contemplated to be executed in connection therewith (and final copies thereof as and when executed), a summary of any due diligence undertaken by the Loan Parties in connection with such Acquisition, appropriate financial statements of the Person which is the subject of such Acquisition, pro forma projected financial statements for the twelve (12) month period following such Acquisition after giving effect to such Acquisition (including balance sheets, cash flows and income statements by month for the acquired Person, individually, and on a Consolidated basis with all Loan Parties), and such other information as the Administrative Agent may reasonably require, all of which shall be reasonably satisfactory to the Administrative Agent;

 

(d)           After giving effect to the Acquisition, if the Acquisition is an Acquisition of the Equity Interests, a Loan Party shall acquire and own, directly or indirectly, a majority of the Equity Interests in the Person being acquired and shall Control a majority of any voting interests or shall otherwise Control the governance of the Person being acquired;

 

(e)           Any assets acquired shall be utilized in, and if the Acquisition involves a merger, consolidation or stock acquisition, the Person which is the subject of such Acquisition shall be engaged in, a business otherwise permitted to be engaged in by a Borrower under this Agreement;

 

(f)            If the Person which is the subject of such Acquisition will be maintained as a Subsidiary of a Loan Party, or if the assets acquired in an Acquisition will be transferred to a Subsidiary which is not then a Loan Party, such Subsidiary shall have been joined as a “Borrower” hereunder or as a Facility Guarantor, as the Administrative Agent shall determine, and the Collateral Agent shall have received a first priority security interest in such Subsidiary’s Equity Interests, Inventory, Accounts, and other property of the same nature as constitutes Collateral under the Security Documents; and

 

(g)           Either (i) the aggregate consideration (whether in cash, tangible property, notes or other property) paid by any Loan Party for all Acquisitions during any Fiscal Year is not more than $100,000,000 and, following and after giving effect to each such transaction, Pro Forma Availability Condition will be satisfied, or (ii) the Loan Parties shall have satisfied the Payment Conditions, or (iii) the aggregate consideration (whether in cash, tangible property, notes or other property) paid by any Loan Party for such Acquisition is either (A) funded entirely through the use of Net Proceeds from the sales of Real Estate in accordance with clause (h) of the definition of Permitted Dispositions or (B) consists entirely of Equity Interests in the Lead Borrower.

 

“Permitted Discretion” means the Administrative Agent’s good faith credit judgment based upon any factor or circumstance which it reasonably believes in good faith: (i) will or could reasonably be expected to adversely affect the value of the Collateral, the enforceability or priority of the Collateral Agent’s Liens thereon in favor of the Credit Parties or the amount which the Collateral Agent and the Credit Parties would likely receive (after giving consideration to delays in payment and costs of enforcement) in the liquidation of such Collateral; (ii) suggests that any collateral report or financial information delivered to the Administrative Agent by or on behalf of the Loan Parties is incomplete, inaccurate or misleading in any material respect; (iii) could reasonably be expected to materially increase the likelihood of a bankruptcy, reorganization or other insolvency proceeding involving any Loan Party; 

 

 

or (iv) creates or reasonably could be expected to create a Default or Event of Default.  In exercising such judgment, the Administrative Agent may consider, without limitation, such factors or circumstances already addressed in or tested by the definition of Eligible in-Transit Inventory, Eligible Inventory, or Eligible L/C Inventory, as well as any of the following: (A) the financial and business climate and prospects of any Loan Party’s industry and general macroeconomic conditions; (B) changes in demand for and pricing of Inventory; (C) changes in any concentration of risk with respect to Inventory; (D) any other factors or circumstances that will or could reasonably be expected to have a Material Adverse Effect or the occurrence of any Material Adverse Effect; (E) audits of books and records by third parties, history of chargebacks or other credit adjustments; and (F) any other factors that change or could reasonably be expected to change the credit risk of lending to the Borrowers on the security of the Collateral.  Notwithstanding the foregoing, it shall not be within Permitted Discretion for the Administrative Agent to establish Reserves which are duplicative of each other regardless of whether such Reserves fall under more than one Reserve category.

 

“Permitted Disposition” means any of the following:

 

(a)           dispositions of inventory in the ordinary course of business;

 

(b)           bulk sales or other dispositions of the Inventory of a Loan Party not in the ordinary course of business in connection with Store closings, at arm’s length, provided, that such Store closures and related Inventory dispositions shall not exceed (i) in any Fiscal Year of the Lead Borrower and its Subsidiaries, fifteen percent (15%) of the number of the Loan Parties’ Stores as of the beginning of such Fiscal Year (net of new Store openings) and (ii) in the aggregate from and after the Closing Date, twenty-five percent (25%) of the number of the Loan Parties’ Stores in existence as of the Closing Date (net of new Store openings), provided that, in all events, all sales of Inventory in connection with any Store closings (in a single or series of related transactions) of five percent (5%) or more of the number of the Loan Parties’ Stores then in existence, shall be in accordance with liquidation agreements and with professional liquidators reasonably acceptable to the Agents; provided further, that all Net Proceeds received in connection therewith are applied to the Obligations if then required in accordance with Section 2.05 hereof;

 

(c)           to the extent not made in conjunction with any Store closings, bulk sales or other dispositions not in the ordinary course of business of Inventory of a Loan Party which has been discontinued or, in the judgment of such Loan Party, is no longer attractive to such Loan Party’s customer base, provided that, if the aggregate Cost of such Inventory included in any sale or group of related sales in any Fiscal Year is in excess of five percent (5%) of the Cost of Eligible Inventory (measured as of the beginning of any applicable Fiscal Year), all sales of such Inventory shall be in accordance with liquidation agreements and with professional liquidators reasonably acceptable to the Agents; provided further, that all Net Proceeds received in connection therewith are applied to the Obligations if then required in accordance with Section 2.05 hereof;

 

(d)           non-exclusive licenses of Intellectual Property of a Loan Party or any of its Subsidiaries in the ordinary course of business;

 

(e)           dispositions of Equipment or other assets not constituting Collateral in the ordinary course of business that is substantially worn, damaged, obsolete or, in the judgment of a Loan Party, no longer useful or necessary in its business or that of any Subsidiary and is not replaced with similar property having at least equivalent value;

 

 

(f)            Sales, transfers and dispositions among the Loan Parties or by any Subsidiary to a Loan Party;

 

(g)           Sales, transfers and dispositions by any Subsidiary which is not a Loan Party to another Subsidiary that is not a Loan Party; and

 

(h)           as long as no Default then exists or would arise therefrom, sales of Real Estate of any Loan Party (or sales of any Person or Persons created to hold such Real Estate or the equity interests in such Person or Persons), including sale-leaseback transactions involving any such Real Estate pursuant to leases on market terms, as long as, (i) such sale is made for fair market value, (ii) the Net Proceeds of such sale are utilized to either (A) within 180 days from any such transaction, repay Permitted Indebtedness, acquire replacement assets or make a Permitted Acquisition, or (B) repay the Obligations (but, except as provided for in Section 2.06, such repayments shall not reduce the Aggregate Commitments), and (iii) in the case of any sale-leaseback transaction permitted hereunder, the Loan Parties shall have used commercially reasonable efforts to obtain a Collateral Access Agreement from each such purchaser or transferee in favor of, and on terms and conditions reasonably satisfactory to, the Agents.

 

“Permitted Encumbrances” means:

 

(a)           Liens imposed by law for Taxes that are not yet due or are being contested in compliance with Section 6.04;

 

(b)           Carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s and other like Liens imposed by applicable Law, arising in the ordinary course of business and securing obligations that are not overdue by more than thirty (30) days or are being contested in compliance with Section 6.04;

 

(c)           Pledges and deposits made in the ordinary course of business in compliance with workers’ compensation, unemployment insurance and other social security laws or regulations, other than any Lien imposed by ERISA;

 

(d)           Deposits to secure the performance of bids, trade contracts and leases (other than Indebtedness), statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business;

 

(e)           Liens in respect of judgments that would not constitute an Event of Default hereunder;

 

(f)            Easements, covenants, conditions, restrictions, building code laws, zoning restrictions, rights-of-way and similar encumbrances on real property imposed by law or arising in the ordinary course of business that do not secure any Indebtedness and do not materially detract from the value of the affected property or materially interfere with the ordinary conduct of business of a Loan Party and such other minor title defects or survey matters that are disclosed by current surveys that, in each case, do not materially interfere with the current use of the real property;

 

(g)           Liens existing on the date hereof and listed on Schedule 7.01 and any renewals or extensions thereof, provided that (i) the property covered thereby is not changed, (ii) the amount secured or benefited thereby is not increased, (iii) the direct or any contingent obligor with 

 

 

respect thereto is not changed, and (iv) any renewal or extension of the obligations secured or benefited thereby is otherwise permitted hereunder;

 

(h)           Liens on fixed or capital assets acquired by any Loan Party which are permitted under clause (c) of the definition of Permitted Indebtedness so long as (i) such Liens and the Indebtedness secured thereby are incurred prior to or within ninety (90) days after such acquisition, (ii) the Indebtedness secured thereby does not exceed the cost of acquisition of such fixed or capital assets and (iii) such Liens shall not extend to any other property or assets of the Loan Parties;

 

(i)            Liens in favor of the Collateral Agent;

 

(j)            Landlords’ and lessors’ Liens in respect of rent not in default;

 

(k)           Possessory Liens in favor of brokers and dealers arising in connection with the acquisition or disposition of Investments owned as of the date hereof and Permitted Investments, provided that such liens (a) attach only to such Investments and (b) secure only obligations incurred in the ordinary course and arising in connection with the acquisition or disposition of such Investments and not any obligation in connection with margin financing;

 

(l)            Liens arising solely by virtue of any statutory or common law provisions relating to banker’s liens, liens in favor of securities intermediaries, rights of setoff or similar rights and remedies as to deposit accounts or securities accounts or other funds maintained with depository institutions or securities intermediaries;

 

(m)          Liens arising from precautionary UCC filings regarding “true” operating leases or, to the extent permitted under the Loan Documents, the consignment of goods to a Loan Party;

 

(n)           voluntary Liens on property (other than property of the type included in the Borrowing Base) in existence at the time such property is acquired pursuant to a Permitted Acquisition or on such property of a Subsidiary of a Loan Party in existence at the time such Subsidiary is acquired pursuant to a Permitted Acquisition; provided, that such Liens are not incurred in connection with or in anticipation of such Permitted Acquisition and do not attach to any other assets of any Loan Party or any Subsidiary;

 

(o)           Liens on Real Estate and other assets to secure Permitted Indebtedness, solely to the extent that (i) such assets do not constitute Collateral and (ii) the Loan Parties shall have used commercially reasonable efforts to obtain a Collateral Access Agreement with respect to all Real Estate subject to such Liens.

 

(p)           Liens in favor of customs and revenues authorities imposed by applicable Law arising in the ordinary course of business in connection with the importation of goods and securing obligations (i) that are not overdue by more than thirty (30) days, or (ii)(A) that are being contested in good faith by appropriate proceedings, (B) the applicable Loan Party or Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP and (C) such contest effectively suspends collection of the contested obligation and enforcement of any Lien securing such obligation.

 

“Permitted Indebtedness” means each of the following as long as no Default or Event of Default exists or would arise from the incurrence thereof:

 

 

(a)           Indebtedness outstanding on the date hereof and listed on Schedule 7.03 and any refinancings, refundings, renewals or extensions thereof; provided that (i) the amount of such Indebtedness is not increased at the time of such refinancing, refunding, renewal or extension except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such refinancing and by an amount equal to any existing commitments unutilized thereunder, and the direct or contingent obligor with respect thereto is not changed as a result of or in connection with such refinancing, refunding, renewal or extension, (ii) the result of such extension, renewal or replacement shall not be an earlier maturity date or decreased weighted average life of such Indebtedness, and (iii) the terms relating to principal amount, amortization, maturity, collateral (if any) and subordination (if any), and other material terms taken as a whole, of any such refinancing, refunding, renewing or extending Indebtedness, and of any agreement entered into and of any instrument issued in connection therewith, are no less favorable in any material respect to the Loan Parties or the Lenders than the terms of any agreement or instrument governing the Indebtedness being refinanced, refunded, renewed or extended and the interest rate applicable to any such refinancing, refunding, renewing or extending Indebtedness does not exceed the then applicable market interest rate;

 

(b)           Indebtedness of any Loan Party to any other Loan Party;

 

(c)           Without duplication of Indebtedness described in clause (f) of this definition, purchase money Indebtedness of any Loan Party to finance the acquisition of any fixed or capital assets, including Capital Lease Obligations, and any Indebtedness assumed in connection with the acquisition of any such assets or secured by a Lien on any such assets prior to the acquisition thereof, and extensions, renewals and replacements of any such Indebtedness that do not increase the outstanding principal amount thereof or result in an earlier maturity date or decreased weighted average life thereof provided that the terms relating to principal amount, amortization, maturity, collateral (if any) and subordination (if any), and other material terms taken as a whole, of any such refinancing, refunding, renewing or extending Indebtedness, and of any agreement entered into and of any instrument issued in connection therewith, are no less favorable in any material respect to the Loan Parties or the Lenders than the terms of any agreement or instrument governing the Indebtedness being refinanced, refunded, renewed or extended and the interest rate applicable to any such refinancing, refunding, renewing or extending Indebtedness does not exceed the then applicable market interest rate, provided, however, that the aggregate principal amount of Indebtedness permitted by this clause (c) shall not exceed $10,000,000 at any time outstanding and provided, further, that, if requested by the Collateral Agent, the Loan Parties shall cause the holders of such Indebtedness to enter into a Collateral Access Agreement on terms reasonably satisfactory to the Collateral Agent;

 

(d)           obligations (contingent or otherwise) of any Loan Party or any Subsidiary thereof existing or arising under any Swap Contract, provided that such obligations are (or were) entered into by such Person in the ordinary course of business for the purpose of directly mitigating risks associated with fluctuations in interest rates or foreign exchange rates, and not for purposes of speculation or taking a “market view;” provided that the aggregate Swap Termination Value thereof shall not exceed $20,000,000 at any time outstanding;

 

(e)           Contingent liabilities under surety bonds or similar instruments incurred in the ordinary course of business in connection with the construction or improvement of Stores;

 

(f)            Indebtedness with respect to the deferred purchase price for any Permitted Acquisition, provided that such Indebtedness does not require the payment in cash of principal 

 

 

(other than in respect of working capital adjustments) prior to the Maturity Date, has a maturity which extends beyond the Maturity Date, and is subordinated to the Obligations on terms reasonably acceptable to the Agents;

 

(h)           Indebtedness of any Person that becomes a Subsidiary of a Loan Party in a Permitted Acquisition, which Indebtedness is existing at the time such Person becomes a Subsidiary of a Loan Party (other than Indebtedness incurred solely in contemplation of such Person’s becoming a Subsidiary of a Loan Party);

 

(i)            The Obligations; and

 

(j)            Other Indebtedness in an aggregate principal amount not to exceed $250,000,000 at any time outstanding.

 

“Permitted Investments” means each of the following as long as no Default or Event of Default exists or would arise from the making of such Investment:

 

(a)           readily marketable obligations issued or directly and fully guaranteed or insured by the United States of America or any agency or instrumentality thereof having maturities of not more than 360 days from the date of acquisition thereof; provided that the full faith and credit of the United States of America is pledged in support thereof;

 

(b)           commercial paper issued by any Person organized under the laws of any state of the United States of America and rated at least “Prime-1” (or the then equivalent grade) by Moody’s or at least “A-1” (or the then equivalent grade) by S&P, in each case with maturities of not more than 180 days from the date of acquisition thereof;

 

(c)           time deposits with, or insured certificates of deposit or bankers’ acceptances of, any commercial bank that (i) (A) is a Lender or (B) is organized under the laws of the United States of America, any state thereof or the District of Columbia or is the principal banking subsidiary of a bank holding company organized under the laws of the United States of America, any state thereof or the District of Columbia, and is a member of the Federal Reserve System, (ii) issues (or the parent of which issues) commercial paper rated as described in clause (b) of this definition and (iii) has combined capital and surplus of at least $1,000,000,000, in each case with maturities of not more than 180 days from the date of acquisition thereof;

 

(d)           Fully collateralized repurchase agreements with a term of not more than thirty (30) days for securities described in clause (a) above (without regard to the limitation on maturity contained in such clause) and entered into with a financial institution satisfying the criteria described in clause (c) above or with any primary dealer and having a market value at the time that such repurchase agreement is entered into of not less than 100% of the repurchase obligation of such counterparty entity with whom such repurchase agreement has been entered into;

 

(e)           Investments, classified in accordance with GAAP as current assets of the Loan Parties, in any money market fund, mutual fund, or other investment companies that are registered under the Investment Company Act of 1940, as amended, which are administered by financial institutions that have the highest rating obtainable from either Moody’s or S&P, and which invest solely in one or more of the types of securities described in clauses (a) through (d) above;

 

 

(f)                                    Investments existing on the Closing Date, and set forth on Schedule 7.02, but not any increase in the amount thereof or any other modification of the terms thereof;

 

(g)                                 (i) Investments by any Loan Party and its Subsidiaries in their respective Subsidiaries outstanding on the date hereof, (ii) additional Investments by any Loan Party and its Subsidiaries in Loan Parties;

 

(h)                                 Investments consisting of extensions of credit in the nature of accounts receivable or notes receivable arising from the grant of trade credit in the ordinary course of business, and Investments received in satisfaction or partial satisfaction thereof from financially troubled account debtors to the extent reasonably necessary in order to prevent or limit loss;

 

(i)                                     Guarantees constituting Permitted Indebtedness;

 

(j)                                     Investments by any Loan Party in Swap Contracts permitted hereunder;

 

(k)                                  Investments received in connection with the bankruptcy or reorganization of, or settlement of delinquent accounts and disputes with, customers and suppliers, in each case in the ordinary course of business; and

 

(l)                                     Investments constituting Permitted Acquisitions,

 

provided, however, that notwithstanding the foregoing, (i) after the occurrence and during the continuance of a Liquidity Event, no such Investments specified in clauses (a) through (e) shall be permitted unless either (A) no Loans are then outstanding, or (B) the Investment is a temporary Investment pending expiration of an Interest Period for a LIBO Rate Loan, the proceeds of which Investment will be applied to the Obligations after the expiration of such Interest Period, and (ii) all such Investments shall be  pledged to the Collateral Agent as additional collateral for the Obligations pursuant to such agreements as may be reasonably required by the Collateral Agent.

 

“Permitted Overadvance” means an Overadvance made by the Administrative Agent, in its discretion, which:

 

(a)                                  Is made to maintain, protect or preserve the Collateral and/or the Credit Parties’ rights under the Loan Documents or which is otherwise for the benefit of the Credit Parties; or

 

(b)                                 Is made to enhance the likelihood of, or to maximize the amount of, repayment of any Obligation;

 

(c)                                  Is made to pay any other amount chargeable to any Loan Party hereunder; and

 

(d)                                 Together with all other Permitted Overadvances then outstanding, shall not (i) exceed five percent (5%) of the Borrowing Base at any time and (ii) unless a Liquidation is occurring, remain outstanding for more than thirty (30) consecutive Business Days, unless in each case, the Required Lenders otherwise agree.

 

provided however, that the foregoing shall not (i) modify or abrogate any of the provisions of Section 2.03 regarding the Lender’s obligations with respect to Letters of Credit, or (ii) result in any claim or liability against the Administrative Agent (regardless of the amount of any Overadvance) for “inadvertent Overadvances” (i.e. where an Overadvance results from changed circumstances beyond the control of the 

 

 

Administrative Agent (such as a reduction in the collateral value)), and such “inadvertent Overadvances” shall not reduce the amount of Permitted Overadvances allowed hereunder, and further provided that in no event shall the Administrative Agent make an Overadvance if after giving effect thereto, the principal amount of the Credit Extensions would exceed the Aggregate Commitments (as in effect prior to any termination of the Commitments pursuant to Section 2.06 hereof).

 

“Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, limited partnership, Governmental Authority or other entity.

 

“Plan” means any “employee benefit plan” (as such term is defined in Section 3(3) of ERISA) established by the Borrower or, with respect to any such plan that is subject to Section 412 of the Code or Title IV of ERISA, any ERISA Affiliate.

 

“Platform” has the meaning specified in Section 6.02.

 

“Prepayment Event” means:

 

(a)                                  Any Disposition of any property or asset of a Loan Party; other than, prior to the occurrence of a Liquidity Event, sales of Inventory in the ordinary course of business, and other than as provided in clause (h) of the definition of Permitted Disposition;

 

(b)                                 Any casualty or other insured damage to, or any taking under power of eminent domain or by condemnation or similar proceeding of, any property or asset of a Loan Party, unless (x) the proceeds therefrom are required to be paid to the holder of a Lien on such property or asset having priority over the Lien of the Collateral Agent; or (y) prior to the occurrence of a Liquidity Event, the proceeds therefrom are utilized for purposes of replacing or repairing the assets in respect of which such proceeds, awards or payments were received within 180 days of the occurrence of the damage to or loss of the assets being repaired or replaced;

 

(c)                                  The incurrence by a Loan Party of any Indebtedness for borrowed money other than Permitted Indebtedness; or

 

(d)                                 The receipt by any Loan Party of any Extraordinary Receipts.

 

“Prime Rate”   means for any day a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate plus 1/2 of 1% (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate” and (c) the Adjusted LIBO Rate for an Interest Period of one month, plus 1%.  The “prime rate” is a rate set by Bank of America based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate.  Any change in such rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change.

 

“Prime Rate Loan” means a Loan that bears interest based on the Prime Rate.

 

“Pro Forma Availability Condition” means, for any date of calculation with respect to any transaction or payment, Pro Forma Excess Availability following and after giving effect to such transaction or payment will be equal to or greater than twenty-five percent (25%) of the lesser of (a) the Aggregate Commitments and (b) the Borrowing Base.

 

 

“Pro Forma Excess Availability” means, for any date of calculation, the projected average Availability for each Fiscal Month during any projected twelve (12) Fiscal Months.

 

“Public Lender” has the meaning specified in Section 6.02.

 

“Real Estate” means all Leases and all land, together with the buildings, structures, parking areas, and other improvements thereon, now or hereafter owned by any Loan Party, including all easements, rights-of-way, and similar rights of a Loan Party or in favor of a Loan Party relating thereto and all leases, tenancies, and occupancies thereof.

 

“Receivables Advance Rate” means 85%.

 

“Receivables Reserves” mean such Reserves as may be established from time to time by the Administrative Agent in its Permitted Discretion with respect to the determination of the collectability in the ordinary course of Eligible Accounts Receivables, including, without limitation, Reserves for dilution.

 

“Register” has the meaning specified in Section 10.06(c).

 

“Registered Public Accounting Firm” has the meaning specified by the Securities Laws and shall be independent of the Lead Borrower and its Subsidiaries as prescribed by the Securities Laws.

 

“Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers, employees, agents and advisors of such Person and of such Person’s Affiliates.

 

“Reportable Event” means any of the events set forth in Section 4043(c) of ERISA, other than events for which the 30 day notice period has been waived.

 

“Reports” has the meaning provided in Section 9.12(a).

 

“Request for Credit Extension” means (a) with respect to a Borrowing, conversion or continuation of Committed Loans, a Committed Loan Notice, (b) with respect to an L/C Credit Extension, a Letter of Credit Application, and (c) with respect to a Swing Line Loan, a Swing Line Loan Notice.

 

“Required Lenders” means, as of any date of determination, Lenders holding more than 50% of the Aggregate Commitments or, if the commitment of each Lender to make Loans and the obligation of the L/C Issuer to make L/C Credit Extensions have been terminated pursuant to Section 8.02, Lenders holding in the aggregate more than 50% of the Total Outstandings (with the aggregate amount of each Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Lender for purposes of this definition); provided that the Commitment of, and the portion of the Total Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders; provided further that, in no event shall Required Lenders be less than two (2) Lenders.

 

“Reserves” means all (if any) Inventory Reserves, Availability Reserves and Receivables Reserves.

 

“Responsible Officer” means the chief executive officer, president, chief financial officer, controller, treasurer or assistant treasurer of a Loan Party or any of the other individuals designated in writing to the Administrative Agent by an existing Responsible Officer of a Loan Party as an authorized signatory of any certificate or other document to be delivered hereunder.  Any document delivered 

 

 

hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party.

 

“Restricted Payment” means any dividend or other distribution (whether in cash, securities or other property) with respect to any capital stock or other Equity Interest of any Person or any of its Subsidiaries, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, defeasance, acquisition, cancellation or termination of any such capital stock or other Equity Interest, or on account of any return of capital to such Person’s stockholders, partners or members (or the equivalent of any thereof), or any option, warrant or other right to acquire any such dividend or other distribution or payment.  Without limiting the foregoing, “Restricted Payments” with respect to any Person shall also include all payments made by such Person with any proceeds of a dissolution or liquidation of such Person.

 

“S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc. and any successor thereto.

 

“Sarbanes-Oxley” means the Sarbanes-Oxley Act of 2002.

 

“SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal functions.

 

“Securities Laws” means the Securities Act of 1933, the Securities Exchange Act of 1934, Sarbanes-Oxley, and the applicable accounting and auditing principles, rules, standards and practices promulgated, approved or incorporated by the SEC or the PCAOB.

 

“Security Agreement” means the Security Agreement dated as of the Closing Date among the Loan Parties and the Collateral Agent.

 

“Security Documents” means the Security Agreement, the Blocked Account Agreements, the DDA Notifications, the Credit Card Notifications, and each other security agreement or other instrument or document executed and delivered to the Collateral Agent pursuant to this Agreement or any other Loan Document granting a Lien to secure any of the Obligations.

 

“Settlement Date” has the meaning provided in Section 2.14(a).

 

“Shareholders’ Equity” means, as of any date of determination, consolidated shareholders’ equity of the Lead Borrower and its Subsidiaries as of that date determined in accordance with GAAP.

 

“Shrink” means Inventory which has been lost, misplaced, stolen, or is otherwise unaccounted for.

 

“Solvent” and “Solvency” means, with respect to any Person on a particular date, that on such date (a) at fair valuation, all of the properties and assets of such Person are greater than the sum of the debts, including contingent liabilities, of such Person, (b) the present fair saleable value of the properties and assets of such Person is not less than the amount that would be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person is able to realize upon its properties and assets and pay its debts and other liabilities, contingent obligations and other commitments as they mature in the normal course of business, (d) such Person does not intend to, and does not believe that it will, incur debts beyond such Person’s ability to pay as such debts mature, and 

 

 

(e) such Person is not engaged in a business or a transaction, and is not about to engage in a business or transaction, for which such Person’s properties and assets would constitute unreasonably small capital after giving due consideration to the prevailing practices in the industry in which such Person is engaged.  The amount of all guarantees at any time shall be computed as the amount that, in light of all the facts and circumstances existing at the time, can reasonably be expected to become an actual or matured liability.

 

“Standby Letter of Credit” means any Letter of Credit that is not a Commercial Letter of Credit and that (a) is used in lieu or in support of performance guaranties or performance, surety or similar bonds (excluding appeal bonds) arising in the ordinary course of business, (b) is used in lieu or in support of stay or appeal bonds, (c) supports the payment of insurance premiums for reasonably necessary casualty insurance carried by any of the Loan Parties, or (d) supports payment or performance for identified purchases or exchanges of products or services in the ordinary course of business, excluding any Inventory covered by a Commercial Letter of Credit.

 

“Stated Amount” means at any time the maximum amount for which a Letter of Credit may be honored.

 

“Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by the FRB to which the Administrative Agent is subject with respect to the Adjusted LIBO Rate, for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board). Such reserve percentages shall include those imposed pursuant to such Regulation D.  LIBO Rate Loans shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Lender under such Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage.

 

“Store” means any retail store (which may include any real property, fixtures, equipment, inventory and other property related thereto) operated, or to be operated, by any Loan Party.

 

“Subordinated Indebtedness” means Indebtedness which is expressly subordinated in right of payment to the prior payment in full of the Obligations and which is in form and on terms approved in writing by the Administrative Agent.

 

“Subsidiary” of a Person means a corporation, partnership, joint venture, limited liability company or other business entity of which a majority of the shares Equity Interests having ordinary voting power for the election of directors or other governing body are at the time beneficially owned, or the management of which is otherwise Controlled, directly, or indirectly through one or more intermediaries, or both, by such Person.  Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of a Loan Party.

 

“Super-Majority Required Lenders” means, as of any date of determination, Lenders holding more than 66.67% of the Aggregate Commitments or, if the commitment of each Lender to make Loans and the obligation of the L/C Issuer to make L/C Credit Extensions have been terminated pursuant to Section 8.02, Lenders holding in the aggregate more than 66.67% of the Total Outstandings (with the aggregate amount of each Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Lender for purposes of this definition); provided that, the Commitment of, and the portion of the Total Outstandings held or deemed held by, any Defaulting Lender 

 

 

shall be excluded for purposes of making a determination of Super-Majority Required Lenders; provided further that, in no event shall Super-Majority Required Lenders be less than two (2) Lenders.

 

“Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement.

 

“Swap Termination Value” means, in respect of any one or more Swap Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for such Swap Contracts, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender).

 

“Swing Line” means the revolving credit facility made available by the Swing Line Lender pursuant to Section 2.04.

 

“Swing Line Borrowing” means a borrowing of a Swing Line Loan pursuant to Section 2.04.

 

“Swing Line Lender” means Bank of America in its capacity as provider of Swing Line Loans, or any successor swing line lender hereunder.

 

“Swing Line Loan” has the meaning specified in Section 2.04(a).

 

“Swing Line Loan Notice” means a notice of a Swing Line Borrowing pursuant to Section 2.04(b), which, if in writing, shall be substantially in the form of Exhibit B.

 

“Swing Line Note” means the promissory note of the Borrowers substantially in the form of Exhibit C-2, payable to the order of the Swing Line Lender, evidencing the Swing Line Loans made by the Swing Line Lender.

 

“Swing Line Sublimit” means an amount equal to the lesser of (a) $35,000,000 and (b) the Aggregate Commitments.  The Swing Line Sublimit is part of, and not in addition to, the Aggregate Commitments.

 

“Synthetic Lease Obligation” means the monetary obligation of a Person under (a) a so-called synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the use or possession of property (including sale and leaseback transactions), in each case, creating obligations that do not appear 

 

 

on the balance sheet of such Person but which, upon the application of any Debtor Relief Laws to such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment).

 

“Taxes” means all present or future taxes, levies, imposts, duties, deductions, withholdings, assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.

 

“Term Loan” means the term loan in the original principal amount of $320,000,000 made pursuant to that certain Amended and Restated Credit Agreement dated October 27, 2006 among the Lead Borrower, certain domestic subsidiaries of the Lead Borrower as guarantors, the lenders party thereto and the Term Loan Agent.

 

“Term Loan Agent” means Wachovia Bank, National Association, in its capacity as Administrative Agent under the Term Loan.

 

“Termination Date” means the earliest to occur of (i) the Maturity Date, (ii) the date on which the maturity of the Obligations is accelerated (or deemed accelerated) and the Commitments are irrevocably terminated (or deemed terminated) in accordance with Article VII, or (iii) the termination of the Commitments in accordance with Section 2.06 hereof.

 

“Total Outstandings” means the aggregate Outstanding Amount of all Loans and all L/C Obligations.

 

“Trading with the Enemy Act” has the meaning set forth in Section 10.18.

 

“Type” means, with respect to a Committed Loan, its character as a Prime Rate Loan or a LIBO Rate Loan.

 

“UCC” or “Uniform Commercial Code” means the Uniform Commercial Code as in effect from time to time in the State of New York; provided, however, that if a term is defined in Article 9 of the Uniform Commercial Code differently than in another Article thereof, the term shall have the meaning set forth in Article 9; provided further that, if by reason of mandatory provisions of law, perfection, or the effect of perfection or non-perfection, of a security interest in any Collateral or the availability of any remedy hereunder is governed by the Uniform Commercial Code as in effect in a jurisdiction other than the State of New York, “Uniform Commercial Code” means the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions hereof relating to such perfection or effect of perfection or non-perfection or availability of such remedy, as the case may be.

 

“UFCA” has the meaning specified in Section 10.21(d).

 

“UFTA” has the meaning specified in Section 10.21(d).

 

“Unfunded Pension Liability” means the excess of a Pension Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets, determined in accordance with the assumptions used for funding the Pension Plan pursuant to Section 412 of the Code for the applicable plan year.

 

“United States” and “U.S.” mean the United States of America.

 

 

“Unreimbursed Amount” has the meaning specified in Section 2.03(c)(i).

 

1.02                                                Other Interpretive Provisions.  With reference to this Agreement and each other Loan Document, unless otherwise specified herein or in such other Loan Document:

 

(a)                            The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined.  Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms.  The words “include,” “includes” and “including” shall be deemed to be followed by the phrase “without limitation.”  The word “will” shall be construed to have the same meaning and effect as the word “shall.”  Unless the context requires otherwise, (i) any definition of or reference to any agreement, instrument or other document (including any Organization Document) shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein or in any other Loan Document), (ii) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (iii) the words “herein,” “hereof” and “hereunder,” and words of similar import when used in any Loan Document, shall be construed to refer to such Loan Document in its entirety and not to any particular provision thereof, (iv) all references in a Loan Document to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, the Loan Document in which such references appear, (v) any reference to any law shall include all statutory and regulatory provisions consolidating, amending replacing or interpreting such law and any reference to any law or regulation shall, unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time, and (vi) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights.

 

(b)                           In the computation of periods of time from a specified date to a later specified date, the word “from” means “from and including;” the words “to” and “until” each mean “to but excluding;” and the word “through” means “to and including.”

 

(c)                            Section headings herein and in the other Loan Documents are included for convenience of reference only and shall not affect the interpretation of this Agreement or any other Loan Document.

 

1.03                                                Accounting Terms

 

(a)                            Generally.  All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP applied on a consistent basis, as in effect from time to time, applied in a manner consistent with that used in preparing the Audited Financial Statements, except as otherwise specifically prescribed herein.

 

(b)                           Changes in GAAP.  If at any time any change in GAAP would affect the computation of any financial ratio or requirement set forth in any Loan Document, and either the Lead Borrower or the Required Lenders shall so request, the Administrative Agent, the Lenders and the Lead Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject to the approval of

 

 

the Required Lenders); provided  that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and (ii) the Lead Borrower shall provide to the Administrative Agent and the Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such ratio or requirement made before and after giving effect to such change in GAAP.

 

1.04                                                Rounding.  Any financial ratios required to be maintained by the Borrowers pursuant to this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number).

 

1.05                                                Times of Day.  Unless otherwise specified, all references herein to times of day shall be references to Eastern time (daylight or standard, as applicable).

 

1.06                                                Letter of Credit Amounts.  Unless otherwise specified, all references herein to the amount of a Letter of Credit at any time shall be deemed to be the Stated Amount of such Letter of Credit in effect at such time; provided, however, that with respect to any Letter of Credit that, by its terms or by the terms of any Issuer Documents related thereto, provides for one or more automatic increases in the Stated Amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum Stated Amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum Stated Amount is in effect at such time.

 

ARTICLE II
 THE COMMITMENTS AND CREDIT EXTENSIONS

 

2.01                                                Committed Loans; Reserves.  (a) Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Borrowers from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the lesser of (x) the amount of such Lender’s Commitment, or (y) such Lender’s Applicable Percentage of the Borrowing Base; subject in each case to the following limitations:

 

(i)                                     after giving effect to any Committed Borrowing, the Total Outstandings shall not exceed the lesser of (A) the Aggregate Commitments and (B) the Borrowing Base,

 

(ii)                                  after giving effect to any Committed Borrowing, the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Commitment,

 

(iii)                               The Outstanding Amount of all L/C Obligations shall not at any time exceed the Letter of Credit Sublimit

 

Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01.  Committed Loans may be Prime Rate Loans or LIBO Rate Loans, as further provided herein.

 

 

(b)                                 The following are the Inventory Reserves and Availability Reserves as of the Closing Date:

 

(i)                                     Shrink (an Inventory Reserve): An amount equal to the amount accrued for shrink as reflected on the Lead Borrower’s general ledger at any time of determination;

 

(ii)                                  “QOH Adjustment” (an Inventory Reserve): An amount equal to the amount accrued for such adjustment, as reflected on the Lead Borrower’s general ledger at any time of determination, to the extent such amount represents a reduction to Inventory;

 

(iii)                               Customer Credit Liabilities (an Availability Reserve): An amount equal to fifty percent (50%) of the Customer Credit Liabilities as reflected in the Borrowers’ books and records; and

 

(iv)                              Dilution (a Receivables Reserve): An amount equal to twenty percent (20%) of all Eligible Accounts Receivables.

 

(c)                                  The Administrative Agent shall have the right, at any time and from time to time after the Closing Date in its Permitted Discretion to establish, modify or eliminate Reserves.  Without limiting the generality of the foregoing, the Loan Parties acknowledge that it shall be within the Administrative Agent’s Permitted Discretion to establish an Availability Reserve in an amount equal to two (2) months’ rent for all of the Borrowers’ leased locations in each Landlord Lien State, other than leased locations with respect to which the Collateral Agent has received a Collateral Access Agreement in form reasonably satisfactory to the Collateral Agent, upon the earlier to occur of (A) any failure by a Loan Party to pay any rent as and when due, (B) any Default or Event of Default and (C) the first occurrence of an Accelerated Borrowing Base Delivery Event.

 

2.02                                                Borrowings, Conversions and Continuations of Committed Loans.

 

(a)                                  Committed Loans (other than Swing Line Loans) shall be either Prime Rate Loans or LIBO Rate Loans as the Lead Borrower may request subject to and in accordance with this Section 2.02.  All Swing Line Loans shall be only Prime Rate Loans.  Subject to the other provisions of this Section 2.02, Committed Borrowings of more than one Type may be incurred at the same time.

 

(b)                                 Each Committed Borrowing shall be made upon the Lead Borrower’s irrevocable (except as otherwise provided in Section 3.03) notice to the Administrative Agent, which may be given by telephone.  Each such notice must be received by the Administrative Agent not later than 11:00 a.m. (i) three (3) Business Days prior to the requested date of any Borrowing of LIBO Rate Loans, and (ii) one (1) Business Day prior to the requested date of any Borrowing of Prime Rate Loans.  Each telephonic notice by the Lead Borrower pursuant to this Section 2.02(b) must be confirmed promptly by delivery to the Administrative Agent of a written Committed Loan Notice, appropriately completed and signed by a Responsible Officer of the Lead Borrower.  Each Borrowing of LIBO Rate Loans shall be in a principal amount of $5,000,000.00 or a whole multiple of $1,000,000.00 in excess thereof.  Except as provided in Sections 2.03(c) and 2.04(c), each Borrowing of Prime Rate Loans shall be in a principal amount of not less than $100,000.00.  Each Committed Loan Notice (whether telephonic or written) shall specify (i) the requested date of the Borrowing (which shall be a Business Day), (ii) the principal amount of Committed Loans to be borrowed, (iii) the Type of Committed Loans to be borrowed, and (iv) if applicable, the duration of the Interest Period with respect thereto.  If the Lead Borrower fails to specify a Type of Committed Loan in a Committed Loan Notice, then the applicable Committed Loans shall be made as Prime Rate Loans.  If the Lead Borrower requests a Borrowing of LIBO Rate Loans in any such

 

 

Committed Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month.  Following receipt of a Committed Loan Notice, the Administrative Agent shall promptly notify each Lender of the amount of its Applicable Percentage of the applicable Committed Loans, and each Lender shall make the amount of its Committed Loan available to the Administrative Agent in immediately available funds at the Administrative Agent’s Office not later than 1:00 p.m. on the Business Day specified in the applicable Committed Loan Notice.  Upon satisfaction of the applicable conditions set forth in Section 4.02 (and, if such Borrowing is the initial Credit Extension, Section 4.01), the Administrative Agent shall use reasonable efforts to make all funds so received available to the Borrowers in like funds by no later than 4:00 p.m. on the day of receipt by the Administrative Agent either by (i) crediting the account of the Lead Borrower on the books of Bank of America with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the Lead Borrower; provided, however, that if, on the date the Committed Loan Notice with respect to such Borrowing is given by the Lead Borrower, there are L/C Borrowings outstanding, then the proceeds of such Borrowing, first, shall be applied to the payment in full of any such L/C Borrowings, and second, shall be made available to the Borrowers as provided above.

 

(c)                                  Each conversion of Committed Loans from one Type to the other and each continuation of LIBO Rate Loans shall be made upon the Lead Borrower’s irrevocable notice to the Administrative Agent, which may be given by telephone.  Each such notice must be received by the Administrative Agent not later than 11:00 a.m. three (3) Business Days prior to the requested date of any conversion to or continuation of LIBO Rate Loans or of any conversion of LIBO Rate Loans to Prime Rate Loans.  Each telephonic notice by the Lead Borrower pursuant to this Section 2.02(c) must be confirmed promptly by delivery to the Administrative Agent of a written Conversion/Continuation Notice, appropriately completed and signed by a Responsible Officer of the Lead Borrower.  Each conversion to or continuation of LIBO Rate Loans shall be in a principal amount of $5,000,000.00 or a whole multiple of $1,000,000.00 in excess thereof.  Except as provided in Sections 2.03(c) and 2.04(c), each conversion to Prime Rate Loans shall be in a principal amount of not less than $100,000.00.  Each Conversion/Continuation Notice (whether telephonic or written) shall specify (i) whether the Borrowers are requesting a conversion of Committed Loans from one Type to the other or a continuation of LIBO Rate Loans, (ii) the requested date of the conversion or continuation, as the case may be (which shall be a Business Day), (iii) the principal amount of Committed Loans to be converted or continued, (iv) the Type of Committed Loans to which existing Committed Loans are to be converted, and (v) if applicable, the duration of the Interest Period with respect thereto.  If the Lead Borrower fails to give a timely notice of a conversion or continuation in a Conversion/Continuation Notice, then the applicable Committed Loans shall be converted to Prime Rate Loans.  Any such automatic conversion to Prime Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable LIBO Rate Loans.  If the Lead Borrower requests a conversion to or continuation of LIBO Rate Loans in a Conversion/Continuation Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month.  Notwithstanding anything to the contrary herein, a Swing Line Loan may not be converted to a LIBO Rate Loan.  If no timely notice of a conversion or continuation in a Conversion/Continuation Notice is provided by the Lead Borrower, the Administrative Agent shall notify each Lender of the details of any automatic conversion to Prime Rate Loans described in this Section 2.02(c).

 

(d)                                 The Administrative Agent, without the request of the Lead Borrower, may advance any interest, fee, service charge, Credit Party Expenses, or other payment to which any Credit Party is entitled from the Loan Parties pursuant hereto or any other Loan Document and may charge the same to the Loan Account notwithstanding that an Overadvance may result thereby.  The Administrative Agent shall advise the Lead Borrower of any such advance or charge promptly after the making thereof.

 

 

Such action on the part of the Administrative Agent shall not constitute a waiver of the Administrative Agent’s rights and the Borrowers’ obligations under Sections 2.05(c), 2.05(d) or 2.05(e).  Any amount which is added to the principal balance of the Loan Account as provided in this Section 2.02(b) shall bear interest at the interest rate then and thereafter applicable to Prime Rate Loans.

 

(e)                                  Except as otherwise provided herein, a LIBO Rate Loan may be continued or converted only on the last day of an Interest Period for such LIBO Rate Loan.  During the existence of a Default, no Loans may be requested as, converted to or continued as LIBO Rate Loans without the consent of the Required Lenders.

 

(f)                                    The Administrative Agent shall promptly notify the Lead Borrower and the Lenders of the interest rate applicable to any Interest Period for LIBO Rate Loans upon determination of such interest rate.  At any time that Prime Rate Loans are outstanding, the Administrative Agent shall notify the Lead Borrower and the Lenders of any change in Bank of America’s prime rate used in determining the Prime Rate promptly following the public announcement of such change.

 

(g)                                 After giving effect to all Committed Borrowings, all conversions of Committed Loans from one Type to the other, and all continuations of Committed Loans as the same Type, there shall not be more than six (6) Interest Periods in effect with respect to Committed Loans.

 

(h)                                 The Administrative Agent, the Lenders, the Swing Line Lender and the L/C Issuer shall have no obligation to make any Loan or to provide any Letter of Credit if an Overadvance would result.  The Administrative Agent may, in its discretion, make Permitted Overadvances without the consent of the Lenders, the Swing Line Lender and the L/C Issuer and each Lender shall be bound thereby.  Any Permitted Overadvance may constitute a Swing Line Loan. A Permitted Overadvance is for the account of the Borrowers and shall constitute a Loan and an Obligation and shall be repaid by the Borrowers in accordance with the provisions of Sections 2.05(c), 2.05(d) and 2.05(e).  The making of any such Permitted Overadvance on any one occasion shall not obligate the Administrative Agent or any Lender to make or permit any Permitted Overadvance on any other occasion or to permit such Permitted Overadvances to remain outstanding. The making by the Administrative Agent of a Permitted Overadvance shall not modify or abrogate any of the provisions of Section 2.03 regarding the Lenders’ obligations to purchase participations with respect to Letter of Credits or of Section 2.04 regarding the Lenders’ obligations to purchase participations with respect to Swing Line Loans.  The Administrative Agent shall have no liability for, and no Loan Party or Credit Party shall have the right to, or shall, bring any claim of any kind whatsoever against the Administrative Agent with respect to “inadvertent Overadvances” (i.e. where an Overadvance results from changed circumstances beyond the control of the Administrative Agent (such as a reduction in the collateral value)) regardless of the amount of any such Overadvance(s).

 

2.03                                                Letters of Credit.

 

(a)                                  The Letter of Credit Commitment.

 

(i)                                     Subject to the terms and conditions set forth herein, (A) the L/C Issuer agrees, in reliance upon the agreements of the Lenders set forth in this Section 2.03, (1) from time to time on any Business Day during the period from the Closing Date until the Letter of Credit Expiration Date, to issue Letters of Credit for the account of the Borrowers, and to amend Letters of Credit previously issued by it, in accordance with Section 2.03(b) below, and (2) to honor drawings under the Letters of Credit; and (B) the Lenders severally agree to participate in Letters of Credit issued for the account of the Borrowers and any drawings thereunder; provided that after giving effect to any L/C Credit Extension

 

 

with respect to any Letter of Credit, (x) the Total Outstandings shall not exceed the lesser of (1) the Aggregate Commitments and (2) the Borrowing Base, (y) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Commitment, and (z) the Outstanding Amount of the L/C Obligations shall not exceed the Letter of Credit Sublimit.  Each request by the Lead Borrower for the issuance or amendment of a Letter of Credit shall be deemed to be a representation by the Borrowers that the L/C Credit Extension so requested complies with the conditions set forth in the proviso to the preceding sentence.  Within the foregoing limits, and subject to the terms and conditions hereof, the Borrowers’ ability to obtain Letters of Credit shall be fully revolving, and accordingly the Borrowers may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit that have expired or that have been drawn upon and reimbursed.  Any L/C Issuer (other than Bank of America or any of its Affiliates) shall notify the Administrative Agent in writing on each Business Day of all Letters of Credit issued on the prior Business Day by such L/C Issuer, provided that (A) until the Administrative Agent advises any such Issuing Bank that the provisions of Section 4.02 are not satisfied, or (B) the aggregate amount of the Letters of Credit issued in any such week exceeds such amount as shall be agreed by the Administrative Agent and the L/C Issuer, such L/C Issuer shall be required to so notify the Administrative Agent in writing only once each week of the Letters of Credit issued by such L/C Issuer during the immediately preceding week as well as the daily amounts outstanding for the prior week, such notice to be furnished on such day of the week as the Administrative Agent and such L/C Issuer may agree.  All Existing Letters of Credit shall be deemed to have been issued pursuant hereto, and from and after the Closing Date shall be subject to and governed by the terms and conditions hereof.

 

(ii)                                  The L/C Issuer shall not issue any Letter of Credit, if:

 

(A)                              subject to Section 2.03(b)(iii), the expiry date of such requested Standby Letter of Credit would occur more than twelve months after the date of issuance or last extension, unless the Issuing Bank and the Administrative Agent each consent, in their sole discretion, to a later expiry date; or

 

(B)                                subject to Section 2.03(b)(iii), the expiry date of such requested Commercial Letter of Credit would occur more than 180 days after the date of issuance or last extension, unless the Issuing Bank and the Administrative Agent each consent, in their sole discretion, to a later expiry date; or

 

(C)                                the expiry date of such requested Letter of Credit would occur after the Letter of Credit Expiration Date, unless either such Letter of Credit is Cash Collateralized on or prior to the Letter of Credit Expiration Date or all the Lenders have approved such expiry date.

 

(iii)                               The L/C Issuer shall not issue any Letter of Credit without the prior consent of the Administrative Agent if:

 

(A)                              any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain the L/C Issuer from issuing such Letter of Credit, or any Law applicable to the L/C Issuer or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over the L/C Issuer shall prohibit, or request that the L/C Issuer refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon the L/C Issuer with respect to such Letter of Credit any restriction, reserve or capital requirement (for which the L/C Issuer is not otherwise

 

 

compensated hereunder) not in effect on the Closing Date, or shall impose upon the L/C Issuer any unreimbursed loss, cost or expense which was not applicable on the Closing Date and which the L/C Issuer in good faith deems material to it;

 

(B)                                the issuance of such Letter of Credit would violate one or more policies of the L/C Issuer applicable to letters of credit generally;

 

(C)                                such Letter of Credit is to be denominated in a currency other than Dollars; provided that if the L/C Issuer, in its discretion, issues a Letter of Credit denominated in a currency other than Dollars, all reimbursements by the Borrowers of the honoring of any drawing under such Letter of Credit shall be paid in the currency in which such Letter of Credit was denominated;

 

(D)                               such Letter of Credit contains any provisions for automatic reinstatement of the Stated Amount after any drawing thereunder; or

 

(E)                                 a default of any Lender’s obligations to fund under Section 2.03(c) exists or any Lender is at such time a Defaulting Lender or Deteriorating Lender hereunder, unless the L/C Issuer has entered into arrangements satisfactory to the L/C Issuer with the Borrowers or such Lender to eliminate the L/C Issuer’s risk with respect to such Lender.

 

(iv)                              The L/C Issuer shall not amend any Letter of Credit if the L/C Issuer would not be permitted at such time to issue such Letter of Credit in its amended form under the terms hereof or if the beneficiary of such Letter of Credit does not accept the proposed amendment to such Letter of Credit.

 

(v)                                 The L/C Issuer shall act on behalf of the Lenders with respect to any Letters of Credit issued by it and the documents associated therewith, and the L/C Issuer shall have all of the benefits and immunities (A) provided to the Administrative Agent in Article IX with respect to any acts taken or omissions suffered by the L/C Issuer in connection with Letters of Credit issued by it or proposed to be issued by it and Issuer Documents pertaining to such Letters of Credit as fully as if the term “Administrative Agent” as used in Article IX included the L/C Issuer with respect to such acts or omissions, and (B) as additionally provided herein with respect to the L/C Issuer.

 

(b)                                 Procedures for Issuance and Amendment of Letters of Credit; Auto-Extension Letters of Credit.

 

(i)                                     Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Lead Borrower delivered to the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Lead Borrower.  Such Letter of Credit Application must be received by the L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least three (3) Business Days (or such other date and time as the Administrative Agent and the L/C Issuer may agree in a particular instance in their sole discretion) prior to the proposed issuance date or date of amendment, as the case may be.  In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day); (B) the amount thereof; (C) the expiry date thereof; (D) the name and address of the beneficiary thereof; (E) the documents to be presented by such beneficiary in case of any drawing thereunder; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder; and (G) such other matters as the L/C Issuer may

 

 

reasonably require.  In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the L/C Issuer (A) the Letter of Credit to be amended; (B) the proposed date of amendment thereof (which shall be a Business Day); (C) the nature of the proposed amendment; and (D) such other matters as the L/C Issuer may reasonably require.  Additionally, the Lead Borrower shall furnish to the L/C Issuer and the Administrative Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as the L/C Issuer or the Administrative Agent may reasonably require.

 

(ii)                                  Promptly after receipt of any Letter of Credit Application, the L/C Issuer will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has received a copy of such Letter of Credit Application from the Lead Borrower and, if not, the L/C Issuer will provide the Administrative Agent with a copy thereof.  Unless the L/C Issuer has received written notice from any Lender, the Administrative Agent or any Loan Party, at least one Business Day prior to the requested date of issuance or amendment of the applicable Letter of Credit, that one or more applicable conditions contained in Article IV shall not then be satisfied, then, subject to the terms and conditions hereof, the L/C Issuer shall, on the requested date, issue a Letter of Credit for the account of the applicable Borrower or enter into the applicable amendment, as the case may be, in each case in accordance with the L/C Issuer’s usual and customary business practices.  Immediately upon the issuance or amendment of each Letter of Credit, each Lender shall be deemed to (without any further action), and hereby irrevocably and unconditionally agrees to, purchase from the L/C Issuer, without recourse or warranty, a risk participation in such Letter of Credit in an amount equal to the product of such Lender’s Applicable Percentage times the amount of such Letter of Credit.  Upon any change in the Commitments under this Agreement, it is hereby agreed that with respect to all L/C Obligations, there shall be an automatic adjustment to the participations hereby created to reflect the new Applicable Percentages of the assigning and assignee Lenders.

 

(iii)                               If the Lead Borrower so requests in any applicable Letter of Credit Application, the L/C Issuer may, in its sole and absolute discretion, agree to issue a Standby Letter of Credit that has automatic extension provisions (each, an “Auto-Extension Letter of Credit”); provided that any such Auto-Extension Letter of Credit must permit the L/C Issuer to prevent any such extension at least once in each twelve-month period (commencing with the date of issuance of such Standby Letter of Credit) by giving prior notice to the beneficiary thereof not later than a day (the “Non-Extension Notice Date”) in each such twelve-month period to be agreed upon at the time such Standby Letter of Credit is issued.  Unless otherwise directed by the L/C Issuer, the Lead Borrower shall not be required to make a specific request to the L/C Issuer for any such extension.  Once an Auto-Extension Letter of Credit has been issued, the Lenders shall be deemed to have authorized (but may not require) the L/C Issuer to permit the extension of such Standby Letter of Credit at any time to an expiry date not later than the Letter of Credit Expiration Date; provided, however, that the L/C Issuer shall not permit any such extension if (A) the L/C Issuer has determined that it would not be permitted, or would have no obligation, at such time to issue such Standby Letter of Credit in its revised form (as extended) under the terms hereof (by reason of the provisions of clauses (ii) or (iii) of Section 2.03(a) or otherwise), or (B) it has received notice (which may be by telephone or in writing) on or before the day that is five Business Days before the Non-Extension Notice Date (1) from the Administrative Agent that the Required Lenders have elected not to permit such extension or (2) from the Administrative Agent, any Lender or the Lead Borrower that one or more of the applicable conditions specified in Section 4.02 is not then satisfied, and in each such case directing the L/C Issuer not to permit such extension.

 

(iv)                              Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit to an advising bank with respect thereto or to the beneficiary thereof, the L/C Issuer will

 

 

also deliver to the Lead Borrower and the Administrative Agent a true and complete copy of such Letter of Credit or amendment.

 

(c)                                  Drawings and Reimbursements; Funding of Participations.

 

(i)                                     Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the L/C Issuer shall notify the Lead Borrower and the Administrative Agent thereof; provided, however, that any failure to give or delay in giving such notice shall not relieve the Borrowers of their obligation to reimburse the L/C Issuer and the Lenders with respect to any such payment.  Not later than 11:00 a.m. on the Business Day following the date of any payment by the L/C Issuer under a Letter of Credit (each such date, an “Honor Date”), the Borrowers shall reimburse the L/C Issuer through the Administrative Agent in an amount equal to the amount of such drawing.  If the Borrowers fail to so reimburse the L/C Issuer by such time, the Administrative Agent shall promptly notify each Lender of the Honor Date, the amount of the unreimbursed drawing (the “Unreimbursed Amount”), and the amount of such Lender’s Applicable Percentage thereof.  In such event, the Borrowers shall be deemed to have requested a Committed Borrowing of Prime Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02 for the principal amount of Prime Rate Loans, but subject to the amount of the unutilized portion of the Aggregate Commitments and the conditions set forth in Section 4.02 (other than the delivery of a Committed Loan Notice).  Any notice given by the L/C Issuer or the Administrative Agent pursuant to this Section 2.03(c)(i) may be given by telephone if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.

 

(ii)                                  Each Lender shall upon any notice pursuant to Section 2.03(c)(i) make funds available to the Administrative Agent for the account of the L/C Issuer at the Administrative Agent’s Office in an amount equal to its Applicable Percentage of the Unreimbursed Amount not later than 1:00 p.m. on the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.03(c)(iii), each Lender that so makes funds available shall be deemed to have made a Prime Rate Loan to the Borrowers in such amount.  The Administrative Agent shall remit the funds so received to the L/C Issuer.

 

(iii)                               With respect to any Unreimbursed Amount that is not fully refinanced by a Committed Borrowing of Prime Rate Loans because the conditions set forth in Section 4.02 cannot be satisfied, the Borrowers shall be deemed to have incurred from the L/C Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the Default Rate.  In such event, each Lender’s payment to the Administrative Agent for the account of the L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of its participation obligation under this Section 2.03.

 

(iv)                              Until each Lender funds its Committed Loan or L/C Advance pursuant to this Section 2.03(c) to reimburse the L/C Issuer for any amount drawn under any Letter of Credit, interest in respect of such Lender’s Applicable Percentage of such amount shall be solely for the account of the L/C Issuer.

 

(v)                                 Each Lender’s obligation to make Committed Loans or L/C Advances to reimburse the L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected by any circumstance, including 

 

 

(A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against the L/C Issuer, any Borrower or any other Person for any reason whatsoever; (B) the occurrence or continuance of a Default or Event of Default, or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided, however, that each Lender’s obligation to make Committed Loans pursuant to this Section 2.03(c) is subject to the conditions set forth in Section 4.02 (other than delivery by the Lead Borrower of a Committed Loan Notice).  No such making of an L/C Advance shall relieve or otherwise impair the obligation of the Borrowers to reimburse the L/C Issuer for the amount of any payment made by the L/C Issuer under any Letter of Credit, together with interest as provided herein.

 

(vi)                              If any Lender fails to make available to the Administrative Agent for the account of the L/C Issuer any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.03(c) by the time specified in Section 2.03(c)(ii), the L/C Issuer shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to the L/C Issuer at a rate per annum equal to the greater of the Federal Funds Rate and a rate determined by the L/C Issuer in accordance with banking industry rules on interbank compensation plus any administrative, processing or similar fees customarily charged by the L/C Issuer in connection with the foregoing.  If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender’s Committed Loan included in the relevant Committed Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the case may be.  A certificate of the L/C Issuer submitted to any Lender (through the Administrative Agent) with respect to any amounts owing under this clause (vi) shall be conclusive absent manifest error.

 

(d)                                 Repayment of Participations.

 

(i)                                     At any time after the L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent.

 

(ii)                                  If any payment received by the Administrative Agent for the account of the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by the L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect.  The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

 

(e)                                  Obligations Absolute.  Subject to the provisions of subsection (f) below, the obligation of the Borrowers to reimburse the L/C Issuer for each drawing under each Letter of Credit and to repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances, including the following:

 

(i)                                     any lack of validity or enforceability of such Letter of Credit, this Agreement, or any other Loan Document;

 

 

(ii)                                  the existence of any claim, counterclaim, setoff, defense or other right that the Borrowers or any Subsidiary may have at any time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be acting), the L/C Issuer or any other Person, whether in connection with this Agreement, the transactions contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction;

 

(iii)                               any draft, demand, certificate or other document presented under such Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of any document required in order to make a drawing under such Letter of Credit;

 

(iv)                              any payment by the L/C Issuer under such Letter of Credit against presentation of a draft or certificate that does not strictly comply with the terms of such Letter of Credit; or any payment made by the L/C Issuer under such Letter of Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding under any Debtor Relief Law;

 

(v)                                 any other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other circumstance that might otherwise constitute a defense available to, or a discharge of, the Borrowers or any of their Subsidiaries; or

 

(vi)                              the fact that any Event of Default shall have occurred and be continuing.

 

The Lead Borrower shall promptly examine a copy of each Letter of Credit and each amendment thereto that is delivered to it and, in the event of any claim of noncompliance with the Lead Borrower’s instructions or other irregularity, the Lead Borrower will immediately notify the L/C Issuer.  The Borrowers shall be conclusively deemed to have waived any such claim against the L/C Issuer and its correspondents unless such notice is given as aforesaid.

 

(f)                                    Role of L/C Issuer.  Each Lender and the Borrowers agree that, in paying any drawing under a Letter of Credit, the L/C Issuer shall not have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document.  None of the L/C Issuer, the Administrative Agent, any of their respective Related Parties nor any correspondent, participant or assignee of the L/C Issuer shall be liable to any Lender for (i) any action taken or omitted in connection herewith at the request or with the approval of the Lenders or the Required Lenders, as applicable; (ii) any action taken or omitted in the absence of gross negligence or willful misconduct; (iii) any error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit or any error in interpretation of technical terms; or (iv) the due execution, effectiveness, validity or enforceability of any document or instrument related to any Letter of Credit or Issuer Document.  The Borrowers hereby assume all risks of the acts or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit; provided, however, that this assumption is not intended to, and shall not, preclude the Borrowers’ pursuing such rights and remedies as it may have against the beneficiary or transferee at law or under any other agreement.  None of the L/C Issuer, the Administrative Agent, any of their respective Related Parties nor any correspondent, participant or assignee of the L/C Issuer shall be liable or responsible for any of the matters described in clauses (i) through (v) of Section 2.03(e); provided, however, that anything in such clauses to the contrary notwithstanding, the Borrowers may 

 

 

have a claim against the L/C Issuer, and the L/C Issuer may be liable to the Borrowers, to the extent, but only to the extent, of any direct, as opposed to consequential or exemplary, damages suffered by the Borrowers which the Borrowers prove were caused by the L/C Issuer’s willful misconduct or gross negligence or the L/C Issuer’s willful failure to pay under any Letter of Credit after the presentation to it by the beneficiary of a sight draft and certificate(s) strictly complying with the terms and conditions of a Letter of Credit.  In furtherance and not in limitation of the foregoing, the L/C Issuer may accept documents that appear on their face to be in order, without responsibility for further investigation, regardless of any notice or information to the contrary (or the L/C Issuer may refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit).

 

(g)                                 Cash Collateral.  Upon the request of the Administrative Agent, (i) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (ii) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Borrowers shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.  Sections 2.05 and 8.02(c) set forth certain additional requirements to deliver Cash Collateral hereunder.  For purposes of this Section 2.03, Section 2.05 and Section 8.02(c), “Cash Collateralize” means to pledge and deposit with or deliver to the Administrative Agent, for the benefit of the L/C Issuer and the Lenders, as collateral for the L/C Obligations, cash or deposit account balances in an amount equal to 103% of the Outstanding Amount of all L/C Obligations, pursuant to documentation in form and substance satisfactory to the Administrative Agent and the L/C Issuer (which documents are hereby consented to by the Lenders).  Derivatives of such term have corresponding meanings.  The Borrowers hereby grant to the Collateral Agent a security interest in all such cash, deposit accounts and all balances therein and all proceeds of the foregoing.  Cash Collateral shall be maintained in blocked, non-interest bearing deposit accounts at Bank of America except that Permitted Investments of the type listed in clauses (a) through (f) of the definition thereof may be made at the request of the Lead Borrower at the option and in the sole discretion of the Collateral Agent (and at the Borrowers’ risk and expense); interest or profits, if any, on such investments shall accumulate in such account.  If at any time the Administrative Agent determines that any funds held as Cash Collateral are subject to any right or claim of any Person other than the Administrative Agent or that the total amount of such funds is less than the aggregate Outstanding Amount of all L/C Obligations, the Borrowers will, forthwith upon demand by the Administrative Agent, pay to the Administrative Agent, as additional funds to be deposited as Cash Collateral, an amount equal to the excess of (x) such aggregate Outstanding Amount over (y) the total amount of funds, if any, then held as Cash Collateral that the Administrative Agent determines to be free and clear of any such right and claim.  Upon the drawing of any Letter of Credit for which funds are on deposit as Cash Collateral, such funds shall be applied, to the extent permitted under applicable Laws, to reimburse the L/C Issuer and, to the extent not so applied, shall thereafter be applied to satisfy other Obligations.

 

(h)                                 Applicability of ISP and UCP.  Unless otherwise expressly agreed by the L/C Issuer and the Lead Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), (i) the rules of the ISP shall apply to each Standby Letter of Credit, and (ii) the rules of the Uniform Customs and Practice for Documentary Credits, as most recently published by the International Chamber of Commerce at the time of issuance shall apply to each Commercial Letter of Credit.

 

(i)                                     Letter of Credit Fees.  The Borrowers shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to the Applicable Rate times the daily Stated Amount under each such Letter of Credit (whether or not such maximum amount is then in effect under 

 

 

such Letter of Credit).  For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of the Letter of Credit shall be determined in accordance with Section 1.06.  Letter of Credit Fees shall be (i) due and payable on the tenth Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand, and (ii) computed on a quarterly basis in arrears.  If there is any change in the Applicable Rate during any quarter, the daily amount available to be drawn under each Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.  Notwithstanding anything to the contrary contained herein, while any Event of Default exists, the Administrative Agent may, and upon the request of the Required Lenders shall, notify the Lead Borrower that all Letter of Credit Fees shall accrue at the Default Rate and thereafter such Letter of Credit Fees shall accrue at the Default Rate to the fullest extent permitted by applicable Laws.

 

(j)                                     Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer.  The Borrowers shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, at a rate equal to 0.125% per annum, computed on the daily amount available to be drawn under such Letter of Credit and payable on a quarterly basis in arrears.  Such fronting fees shall be due and payable on the tenth Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand.   For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of the Letter of Credit shall be determined in accordance with Section 1.06.  In addition, the Borrowers shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect.  Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

 

(k)                                  Conflict with Issuer Documents.  In the event of any conflict between the terms hereof and the terms of any Issuer Document, the terms hereof shall control.

 

2.04                                                Swing Line Loans.

 

(a)                                  The Swing Line.  Subject to the terms and conditions set forth herein, the Swing Line Lender agrees, in reliance upon the agreements of the other Lenders set forth in this Section 2.04, to make loans (each such loan, a “Swing Line Loan”) to the Lead Borrower from time to time on any Business Day during the Availability Period in an aggregate amount not to exceed at any time outstanding the amount of the Swing Line Sublimit, notwithstanding the fact that such Swing Line Loans, when aggregated with the Applicable Percentage of the Outstanding Amount of Committed Loans and L/C Obligations of the Lender acting as Swing Line Lender, may exceed the amount of such Lender’s Commitment; provided, however, that after giving effect to any Swing Line Loan, (i) the Total Outstandings shall not exceed the lesser of (A) the Aggregate Commitments, or (B) the Borrowing Base, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender at such time, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations at such time, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans at such time shall not exceed such Lender’s Commitment, and provided, further, that the Borrowers shall not use the proceeds of any Swing Line Loan to refinance any outstanding Swing Line Loan.  Within the foregoing limits, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.04, prepay under Section 2.05, and reborrow under this Section 2.04.  Each Swing Line Loan shall bear interest only at a rate based on the Prime Rate.  Immediately upon the making of a Swing Line Loan, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the 

 

 

Swing Line Lender a risk participation in such Swing Line Loan in an amount equal to the product of such Lender’s Applicable Percentage times the amount of such Swing Line Loan.

 

(b)                                 Borrowing Procedures.  Each Swing Line Borrowing shall be made upon the Lead Borrower’s irrevocable notice to the Swing Line Lender and the Administrative Agent, which may be given by telephone. Each such notice must be received by the Swing Line Lender and the Administrative Agent not later than 1:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be borrowed, which shall be a minimum of $100,000, and (ii) the requested borrowing date, which shall be a Business Day.  Each such telephonic notice must be confirmed promptly by delivery to the Swing Line Lender and the Administrative Agent of a written Swing Line Loan Notice, appropriately completed and signed by a Responsible Officer of the Lead Borrower.  Promptly after receipt by the Swing Line Lender of any telephonic Swing Line Loan Notice, the Swing Line Lender will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has also received such Swing Line Loan Notice and, if not, the Swing Line Lender will notify the Administrative Agent (by telephone or in writing) of the contents thereof.  Unless the Swing Line Lender has received notice (by telephone or in writing) from the Administrative Agent at the request of the Required Lenders prior to 2:00 p.m. on the date of the proposed Swing Line Borrowing (A) directing the Swing Line Lender not to make such Swing Line Loan as a result of the limitations set forth in the proviso to the first sentence of Section 2.04(a), or (B) that one or more of the applicable conditions specified in Article IV is not then satisfied, then, subject to the terms and conditions hereof, the Swing Line Lender may in its discretion, not later than 3:00 p.m. on the borrowing date specified in such Swing Line Loan Notice, make the amount of its Swing Line Loan available to the Lead Borrower at its office by crediting the account of the Lead Borrower on the books of the Swing Line Lender in immediately available funds.

 

(c)                                  Refinancing of Swing Line Loans.

 

(i)                                     Subject to the provisions of Section 2.14, the Swing Line Lender at any time in its sole and absolute discretion may request, on behalf of the Borrowers (which hereby irrevocably authorize the Swing Line Lender to so request on their behalf), that each Lender make a Prime Rate Loan in an amount equal to such Lender’s Applicable Percentage of the amount of Swing Line Loans then outstanding.  Such request shall be made in writing (which written request shall be deemed to be a Committed Loan Notice for purposes hereof) and in accordance with the requirements of Section 2.02, without regard to the minimum and multiples specified therein for the principal amount of Prime Rate Loans, but subject to the unutilized portion of the Aggregate Commitments and the conditions set forth in Section 4.02.  The Swing Line Lender shall furnish the Lead Borrower with a copy of the applicable Committed Loan Notice promptly after delivering such notice to the Administrative Agent.  Each Lender shall make an amount equal to its Applicable Percentage of the amount specified in such Committed Loan Notice available to the Administrative Agent in immediately available funds for the account of the Swing Line Lender at the Administrative Agent’s Office not later than 1:00 p.m. on the day specified in such Committed Loan Notice, whereupon, subject to Section 2.04(c)(ii), each Lender that so makes funds available shall be deemed to have made a Prime Rate Loan to the Borrowers in such amount.  The Administrative Agent shall remit the funds so received to the Swing Line Lender.

 

(ii)                                  If for any reason any Swing Line Loan cannot be refinanced by such a Committed Borrowing in accordance with Section 2.04(c)(i), the request for Prime Rate Loans submitted by the Swing Line Lender as set forth herein shall be deemed to be a request by the Swing Line Lender that each of the Lenders fund its risk participation in the relevant Swing Line Loan and each Lender’s payment to the Administrative Agent for the account of the Swing Line Lender pursuant to Section 2.04(c)(i) shall be deemed payment in respect of such participation.

 

 

(iii)                               If any Lender fails to make available to the Administrative Agent for the account of the Swing Line Lender any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.04(c) by the time specified in Section 2.04(c)(i), the Swing Line Lender shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to the Swing Line Lender at a rate per annum equal to the greater of the Federal Funds Rate and a rate determined by the Swing Line Lender in accordance with banking industry rules on interbank compensation plus any administrative, processing or similar fees customarily charged by the Swing Line Lender in connection with the foregoing.  If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender’s Committed Loan included in the relevant Committed Borrowing or funded participation in the relevant Swing Line Loan, as the case may be.   A certificate of the Swing Line Lender submitted to any Lender (through the Administrative Agent) with respect to any amounts owing under this clause (iii) shall be conclusive absent manifest error.

 

(iv)                              Each Lender’s obligation to make Committed Loans or to purchase and fund risk participations in Swing Line Loans pursuant to this Section 2.04(c) shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against the Swing Line Lender, the Borrowers or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default or an Event of Default, or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided, however, that each Lender’s obligation to make Committed Loans pursuant to this Section 2.04(c) is subject to the conditions set forth in Section 4.02.  No such funding of risk participations shall relieve or otherwise impair the obligation of the Borrowers to repay Swing Line Loans, together with interest as provided herein.

 

(d)                                 Repayment of Participations.

 

(i)                                     At any time after any Lender has purchased and funded a risk participation in a Swing Line Loan, if the Swing Line Lender receives any payment on account of such Swing Line Loan, the Swing Line Lender will distribute to such Lender its Applicable Percentage of such payment (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s risk participation was funded) in the same funds as those received by the Swing Line Lender.

 

(ii)                                  If any payment received by the Swing Line Lender in respect of principal or interest on any Swing Line Loan is required to be returned by the Swing Line Lender under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by the Swing Line Lender in its discretion), each Lender shall pay to the Swing Line Lender its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned, at a rate per annum equal to the Federal Funds Rate.  The Administrative Agent will make such demand upon the request of the Swing Line Lender.  The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

 

(e)                                  Interest for Account of Swing Line Lender.  The Swing Line Lender shall be responsible for invoicing the Borrowers for interest on the Swing Line Loans.  Until each Lender funds its Prime Rate Loan or risk participation pursuant to this Section 2.04 to refinance such Lender’s Applicable Percentage of any Swing Line Loan, interest in respect of such Applicable Percentage shall be solely for the account of the Swing Line Lender.

 

 

(f)                                    Payments Directly to Swing Line Lender.  The Borrowers shall make all payments of principal and interest in respect of the Swing Line Loans directly to the Swing Line Lender.

 

2.05                                                Prepayments.

 

(a)                                  The Borrowers may, upon irrevocable notice from the Lead Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay Committed Loans in whole or in part without premium or penalty; provided that (i) such notice must be received by the Administrative Agent not later than 11:00 a.m. (A) three (3) Business Days prior to any date of prepayment of LIBO Rate Loans and (B) on the date of prepayment of Prime Rate Loans; and (ii) any prepayment of LIBO Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $1,000,000 in excess thereof; or, if less, the entire principal amount thereof then outstanding.  Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid and, if LIBO Rate Loans, the Interest Period(s) of such Loans.  The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment.  If such notice is given by the Lead Borrower, the Borrowers shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein.  Any prepayment of a LIBO Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05.  Each such prepayment shall be applied to the Committed Loans of the Lenders in accordance with their respective Applicable Percentages.

 

(b)                                 The Borrowers may, upon irrevocable notice from the Lead Borrower to the Swing Line Lender (with a copy to the Administrative Agent), at any time or from time to time, voluntarily prepay Swing Line Loans in whole or in part without premium or penalty; provided that (i) such notice must be received by the Swing Line Lender and the Administrative Agent not later than 1:00 p.m. on the date of the prepayment, and (ii) any such prepayment shall be in a minimum principal amount of $100,000.  Each such notice shall specify the date and amount of such prepayment.  If such notice is given by the Lead Borrower, the Borrowers shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein.

 

(c)                                  If for any reason the Total Outstandings at any time exceed the lesser of the Aggregate Commitments or the Borrowing Base, each as then in effect, the Borrowers shall immediately prepay Loans, Swing Line Loans and L/C Borrowings and/or Cash Collateralize the L/C Obligations (other than L/C Borrowings) in an aggregate amount equal to such excess; provided, however, that the Borrowers shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(c) unless after the prepayment in full of the Loans the Total Outstandings exceed the lesser of the Aggregate Commitments or the Borrowing Base, each as then in effect.  Nothing in this clause (c) shall limit the ability of the Administrative Agent to make Permitted Overadvances as set forth elsewhere in this Agreement.

 

(d)                                 The Borrower shall prepay the Loans and Cash Collateralize the L/C Obligations in accordance with the provisions of Section 6.13 hereof.

 

(e)                                  The Borrowers shall prepay the Loans and Cash Collateralize the L/C Obligations in an amount equal to the Net Proceeds received by a Loan Party on account of a Prepayment Event, irrespective of whether a Liquidity Event then exists and is continuing; provided that, except as provided for in Section 2.06 below, such prepayments shall not reduce the Aggregate Commitments.

 

 

(f)                                    Prepayments made pursuant to this Section 2.05, first, shall be applied ratably to the L/C Borrowings and the Swing Line Loans, second, shall be applied ratably to the outstanding Permitted Overadvances, third, shall be applied ratably to the outstanding Committed Loans that are Prime Rate Loans, fourth, shall be applied ratably to the outstanding Committed Loans that are LIBO Rate Loans, fifth, shall be used to Cash Collateralize the remaining L/C Obligations; and sixth, the amount remaining, if any, after the prepayment in full of all L/C Borrowings, Swing Line Loans and Committed Loans outstanding at such time and the Cash Collateralization of the remaining L/C Obligations in full may be retained by the Borrowers for use in the ordinary course of its business.  Upon the drawing of any Letter of Credit that has been Cash Collateralized, the funds held as Cash Collateral shall be applied (without any further action by or notice to or from the Borrowers or any other Loan Party) to reimburse the L/C Issuer or the Lenders, as applicable.

 

2.06                                                            Termination or Reduction of Commitments.

 

(a)                                  The Borrowers may, upon irrevocable notice from the Lead Borrower to the Administrative Agent, terminate the Aggregate Commitments, the Letter of Credit Sublimit or the Swing Line Sublimit or from time to time permanently reduce the Aggregate Commitments, the Letter of Credit Sublimit or the Swing Line Sublimit; provided that (i) any such notice shall be received by the Administrative Agent not later than 11:00 a.m. five Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $10,000,000 or any whole multiple of $1,000,000 in excess thereof, (iii) the Borrowers shall not terminate or reduce (A) the Aggregate Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Outstandings would exceed the Aggregate Commitments, (B) the Letter of Credit Sublimit if, after giving effect thereto, the Outstanding Amount of L/C Obligations not fully Cash Collateralized hereunder would exceed the Letter of Credit Sublimit, and (C) the Swing Line Sublimit if, after giving effect thereto, and to any concurrent payments hereunder, the Outstanding Amount of Swing Line Loans hereunder would exceed the Swing Line Sublimit.

 

(b)                                 If, after giving effect to any reduction of the Aggregate Commitments, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the amount of the Aggregate Commitments, such Letter of Credit Sublimit or Swing Line Sublimit shall be automatically reduced by the amount of such excess.

 

(c)                                  The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Letter of Credit Sublimit, Swing Line Sublimit or the Aggregate Commitments under this Section 2.06.  Upon any reduction of the Aggregate Commitments, the Commitment of each Lender shall be reduced by such Lender’s Applicable Percentage of such reduction amount.  All fees (including, without limitation, commitment fees, Early Termination Fees and Letter of Credit Fees) and interest in respect of the Aggregate Commitments accrued until the effective date of any termination of the Aggregate Commitments shall be paid on the effective date of such termination.

 

2.07                                                Repayment of Loans.

 

(a)                                  The Borrowers shall repay to the Lenders on the Termination Date the aggregate principal amount of Committed Loans outstanding on such date.

 

(b)                                 To the extent not previously paid, the Borrower shall repay the outstanding balance of the Swing Line Loans on the Termination Date.

 

 

2.08                                                Interest.

 

(a)                                  Subject to the provisions of Section 2.08(b) below, (i) each LIBO Rate Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the LIBO Rate for such Interest Period plus the Applicable Margin; (ii) each Prime Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Prime Rate plus the Applicable Margin; and (iii) each Swing Line Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Prime Rate plus the Applicable Margin.

 

(b)                                 (i)                                     If any amount payable under any Loan Document is not paid when due (without regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, such amount shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws.

 

(ii)                                  If any other Event of Default exists, then the Administrative Agent may, and upon the request of the Required Lenders shall, notify the Lead Borrower that all outstanding Obligations shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate and thereafter such Obligations shall bear interest at the Default Rate to the fullest extent permitted by applicable Laws.

 

(iii)                               Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable upon demand.

 

(c)                                  Interest on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other times as may be specified herein.  Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any Debtor Relief Law.

 

2.09                                                Fees.  In addition to certain fees described in subsections (i) and (j) of Section 2.03:

 

(a)                                  Commitment Fee.  The Borrowers shall pay to the Administrative Agent for the account of each Lender, in accordance with its Applicable Percentage, a commitment fee, payable quarterly in arrears on the first Business Day of each Fiscal Quarter, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period equal to the Applicable Commitment Fee Percentage times the average daily amount by which the Aggregate Commitments exceeded the sum of the Total Outstandings, in each case calculated on a per annum basis for the actual number of days elapsed in the Fiscal Quarter ending on the day immediately preceding the related payment date (or, if applicable, the actual number of days in the Fiscal Quarter to and including last day of the Availability Period).  The commitment fee shall accrue at all times during the Availability Period, including at any time during which one or more of the conditions in Article IV is not met.

 

(b)                                 Early Termination Fee.  In the event that any Commitment Termination Event occurs, the Borrowers shall pay to the Administrative Agent, for the ratable benefit of the Lenders, a fee  (the “Early Termination Fee”), equal to the amount of any such termination or reduction of the Aggregate Commitments multiplied by (i) 1.0% if such Commitment Termination Event occurs prior to the second anniversary of the Closing Date and (ii) 0.5% if such Commitment Termination Event occurs on or after the second but prior to the third anniversary of the Closing Date.  All parties to this Agreement agree and acknowledge that the Lenders will have suffered damages on account of the early termination or reduction of the Aggregate Commitments and that, in view of the difficulty in ascertaining the amount of

 

 

such damages, the Early Termination Fee constitutes reasonable compensation and liquidated damages to compensate the Lenders on account thereof.

 

(c)                                  Other Fees.  The Borrowers shall pay to the Arranger and the Administrative Agent for their own respective accounts fees in the amounts and at the times specified in the Fee Letter.  Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever.

 

2.10                                                Computation of Interest and Fees. All computations of interest for Prime Rate Loans when the Prime Rate is determined by Bank of America’s “prime rate” shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed.  All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year).  Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day.  Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

 

2.11                                                Evidence of Debt.

 

(a)                                  The Credit Extensions made by each Lender shall be evidenced by one or more accounts or records maintained by the Administrative Agent (the “Loan Account”) in the ordinary course of business.  In addition, each Lender may record in such Lender’s internal records, an appropriate notation evidencing the date and amount of each Loan from such Lender, each payment and prepayment of principal of any such Loan, and each payment of interest, fees and other amounts due in connection with the Obligations due to such Lender.  The accounts or records maintained by the Administrative Agent and each Lender shall be conclusive absent manifest error of the amount of the Credit Extensions made by the Lenders to the Borrowers and the interest and payments thereon.  Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrowers hereunder to pay any amount owing with respect to the Obligations.  In the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error.  Upon the request of any Lender made through the Administrative Agent, the Borrowers shall execute and deliver to such Lender (through the Administrative Agent) a Note, which shall evidence such Lender’s Loans in addition to such accounts or records.  Each Lender may attach schedules to its Note and endorse thereon the date, Type (if applicable), amount and maturity of its Loans and payments with respect thereto.  Any failure to so attach or endorse, or any error in doing so, shall not, however, limit or otherwise affect the obligation of the Borrowers hereunder to pay any amount owing with respect to the Obligations.  Upon receipt of an affidavit of a Lender as to the loss, theft, destruction or mutilation of such Lender’s Note and upon cancellation of such Note, the Borrowers will issue, in lieu thereof, a replacement Note in favor of such Lender, in the same principal amount thereof and otherwise of like tenor.

 

(b)                                 In addition to the accounts and records referred to in Section 2.11(a), each Lender and the Administrative Agent shall maintain in accordance with its usual practice accounts or records evidencing the purchases and sales by such Lender of participations in Letters of Credit and Swing Line Loans.  In the event of any conflict between the accounts and records maintained by the Administrative Agent and the accounts and records of any Lender in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error.

 

 

2.12                                                Payments Generally; Administrative Agent’s Clawback.

 

(a)                                  General.  All payments to be made by the Borrowers shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff.  Except as otherwise expressly provided herein, all payments by the Borrowers hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the Administrative Agent’s Office in Dollars and in immediately available funds not later than 2:30 p.m. on the date specified herein.  The Administrative Agent will promptly distribute to each Lender its Applicable Percentage (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office.  All payments received by the Administrative Agent after 2:30 p.m. shall, at the option of the Administrative Agent, be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue.  If any payment to be made by the Borrowers shall come due on a day other than a Business Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be.

 

(b)                                 (i)                                     Funding by Lenders; Presumption by Administrative Agent.  Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing of LIBO Rate Loans (or in the case of any Borrowing of Prime Rate Loans, prior to 12:00 noon on the date of such Borrowing) that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with Section 2.02 (or in the case of a Borrowing of Prime Rate Loans, that such Lender has made such share available in accordance with and at the time required by Section 2.02) and may, in reliance upon such assumption, make available to the Borrowers a corresponding amount.  In such event, if a Lender has not in fact made its share of the applicable Committed Borrowing available to the Administrative Agent, then the applicable Lender and the Borrowers severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount in immediately available funds with interest thereon, for each day from and including the date such amount is made available to the Borrowers to but excluding the date of payment to the Administrative Agent, at (A) in the case of a payment to be made by such Lender, the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation plus any administrative processing or similar fees customarily charged by the Administrative Agent in connection with the foregoing, and (B) in the case of a payment to be made by the Borrowers, the interest rate applicable to Prime Rate Loans.  If the Borrowers and such Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the Borrowers the amount of such interest paid by the Borrowers for such period.  If such Lender pays its share of the applicable Committed Borrowing to the Administrative Agent, then the amount so paid shall constitute such Lender’s Committed Loan included in such Committed Borrowing.  Any payment by the Borrowers shall be without prejudice to any claim the Borrowers may have against a Lender that shall have failed to make such payment to the Administrative Agent.

 

(ii)                                  Payments by Borrowers; Presumptions by Administrative Agent.  Unless the Administrative Agent shall have received notice from the Lead Borrower prior to the time at which any payment is due to the Administrative Agent for the account of the Lenders or the L/C Issuer hereunder that the Borrowers will not make such payment, the Administrative Agent may assume that the Borrowers have made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the L/C Issuer, as the case may be, the amount due.  In such event, if the Borrowers have not in fact made such payment, 

 

 

then each of the Lenders or the L/C Issuer, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or the L/C Issuer, in immediately available funds with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation.

 

A notice of the Administrative Agent to any Lender or the Lead Borrower with respect to any amount owing under this subsection (b) shall be conclusive, absent manifest error.

 

(c)                                  Failure to Satisfy Conditions Precedent.  If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Article II, and such funds are not made available to the Borrowers by the Administrative Agent because the conditions to the applicable Credit Extension set forth in Article IV are not satisfied or waived in accordance with the terms hereof (subject to the provisions of the last paragraph of Section 4.02 hereof), the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest.

 

(d)                                 Obligations of Lenders Several.  The obligations of the Lenders hereunder to make Committed Loans, to fund participations in Letters of Credit and Swing Line Loans and to make payments pursuant to Section 10.04(c) are several and not joint.  The failure of any Lender to make any Committed Loan, to fund any such participation or to make any payment under Section 10.04(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Committed Loan, to purchase its participation or to make its payment under Section 10.04(c).

 

(e)                                  Funding Source.  Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner.

 

2.13                                                Sharing of Payments by Lenders. If any Credit Party shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of any principal of, interest on, or other amounts with respect to, any of the Obligations resulting in such Lender’s receiving payment of a proportion of the aggregate amount of such Obligations greater than its pro rata share thereof as provided herein (including in contravention of the priorities of payment set forth in Section 8.03), then the Credit Party receiving such greater proportion shall (a) notify the Administrative Agent of such fact, and (b) purchase (for cash at face value) participations in the Obligations of the other Credit Parties, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Credit Parties ratably and in the priorities set forth in Section 8.03, provided that:

 

(i)                                     if any such participations or subparticipations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations or subparticipations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and

 

(ii)                                  the provisions of this Section 2.13 shall not be construed to apply to (x) any payment made by the Loan Parties pursuant to and in accordance with the express terms of this Agreement or (y) any payment obtained by a Lender as consideration for the assignment of or

 

 

sale of a participation in any of its Committed Loans or subparticipations in L/C Obligations or Swing Line Loans to any assignee or participant, other than to the Borrowers or any Subsidiary thereof (as to which the provisions of this Section 2.13 shall apply).

 

Each Loan Party consents to the foregoing and agrees, to the extent it may effectively do so under applicable Law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against such Loan Party rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of such Loan Party in the amount of such participation.

 

2.14                                                Settlement Amongst Lenders.

 

(a)                                  The amount of each Lender’s Applicable Percentage of outstanding Loans (including outstanding Swing Line Loans, shall be computed weekly (or more frequently in the Administrative Agent’s discretion) and shall be adjusted upward or downward based on all Loans (including Swing Line Loans) and repayments of Loans (including Swingline Loans) received by the Administrative Agent as of 3:00 p.m. on the first Business Day (such date, the “Settlement Date”) following the end of the period specified by the Administrative Agent.

 

(b)                                 The Administrative Agent shall deliver to each of the Lenders promptly after a Settlement Date a summary statement of the amount of outstanding Loans for the period and the amount of repayments received for the period.  As reflected on the summary statement, (i) the Administrative Agent shall transfer to each Lender its Applicable Percentage of repayments, and (ii) each Lender shall transfer to the Administrative Agent (as provided below) or the Administrative Agent shall transfer to each Lender, such amounts as are necessary to insure that, after giving effect to all such transfers, the amount of Loans made by each Lender shall be equal to such Lender’s Applicable Percentage of all Loans outstanding as of such Settlement Date.  If the summary statement requires transfers to be made to the Administrative Agent by the Lenders and is received prior to 1:00 p.m. on a Business Day, such transfers shall be made in immediately available funds no later than 3:00 p.m. that day; and, if received after 1:00 p.m., then no later than 3:00 p.m. on the next Business Day. The obligation of each Lender to transfer such funds is irrevocable, unconditional and without recourse to or warranty by the Administrative Agent.  If and to the extent any Lender shall not have so made its transfer to the Administrative Agent, such Lender agrees to pay to the Administrative Agent, forthwith on demand such amount, together with interest thereon, for each day from such date until the date such amount is paid to the Administrative Agent, equal to the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation plus any administrative, processing, or similar fees customarily charged by the Administrative Agent in connection with the foregoing.

 

2.15                                                Increase in Commitments.

 

(a)                                  Request for Increase.  Provided no Default or Event of Default then exists or would arise therefrom, upon notice to the Administrative Agent (which shall promptly notify the Lenders), the Lead Borrower may from time to time request an increase in the Aggregate Commitments by an amount (for all such requests) not exceeding $100,000,000 in the aggregate; provided that (i) any such request for an increase shall be in a minimum amount of $25,000,000, and (ii) the Lead Borrower may make a maximum of four such requests.  At the time of sending such notice, the Lead Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Lender is requested to respond (which shall in no event be less than ten Business Days from the date of delivery of such notice to the Lenders).

 

 

(b)                                 Lender Elections to Increase.  Each Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increase.  Any Lender not responding within such time period shall be deemed to have declined to increase its Commitment.

 

(c)                                  Notification by Administrative Agent; Additional Lenders.  The Administrative Agent shall notify the Lead Borrower and each Lender of the Lenders’ responses to each request made in this Section 2.15.  To achieve the full amount of a requested increase and subject to the approval of the Administrative Agent, the L/C Issuer and the Swing Line Lender (which approvals shall not be unreasonably withheld), to the extent that the existing Lenders decline to increase their Commitments, or decline to increase their Commitments to the amount requested by the Lead Borrower, the Administrative Agent or its Affiliates, in consultation with the Lead Borrower, will use its reasonable efforts to arrange for other Eligible Assignees to become a Lender hereunder and to issue commitments in an amount equal to the amount of the increase in the Aggregate Commitments requested by the Lead Borrower and not accepted by the existing Lenders (and the Lead Borrower may also invite additional Eligible Assignees to become Lenders) (each such Eligible Assignee issuing a commitment and becoming a Lender, an “Additional Commitment Lender”), provided, however, that without the consent of the Administrative Agent, at no time shall the Commitment of any Additional Commitment Lender be less than $10,000,000.

 

(d)                                 Effective Date and Allocations.  If the Aggregate Commitments are increased in accordance with this Section 2.15, the Administrative Agent and the Lead Borrower shall determine the effective date (the “Increase Effective Date”) of such increase (such increase, a “Commitment Increase”).  The Administrative Agent shall promptly notify the Lead Borrower and the Lenders of the final allocation of such Commitment Increase and the Increase Effective Date and on the Effective Date (i) the Aggregate Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Commitment Increases, and (ii) Schedule 2.01 shall be deemed modified, without further action, to reflect the revised Commitments and Applicable Percentages of the Lenders.

 

(e)                                  Conditions to Effectiveness of Increase.  As a condition precedent to such increase, (i) the Lead Borrower shall deliver to the Administrative Agent a certificate of each Loan Party dated as of the Increase Effective Date (in sufficient copies for each Lender) signed by a Responsible Officer of such Loan Party (A) certifying and attaching the resolutions, if necessary, adopted by such Loan Party approving or consenting to such Commitment Increase, and (B) in the case of the Borrowers, certifying that, before and after giving effect to such Commitment Increase, (1) the representations and warranties contained in Article V and the other Loan Documents are true and correct on and as of the Increase Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct as of such earlier date, and except that for purposes of this Section 2.15, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 6.01, (ii) the Borrowers, the Administrative Agent, and any Additional Commitment Lender shall have executed and delivered a joinder to the Loan Documents in such form as the Administrative Agent shall reasonably require; (iii) the Borrowers shall have paid such fees and other compensation to the Additional Commitment Lenders as the Administrative Agent, the Lead Borrower and such Additional Commitment Lenders shall agree; (iv) the Borrowers shall have paid such arrangement fees to the Administrative Agent (or one or more of its Affiliates, as applicable) as the Lead Borrower and the Administrative Agent or such Affiliate may agree; (v) the Borrowers shall deliver to the Administrative Agent and the Lenders an opinion or opinions, in form and substance reasonably satisfactory to the Administrative Agent, from counsel to the Borrowers reasonably satisfactory to the Administrative Agent and dated such date with respect to the Loan Documents and the other documents,

 

 

agreements and instruments then executed and the transactions contemplated thereby; (vi) the Borrowers and the Additional Commitment Lender shall have delivered such other instruments, documents and agreements as the Administrative Agent may reasonably have requested; and (vii) no Default or Event of Default exists.  The Borrowers shall prepay any Committed Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding Committed Loans ratable with any revised Applicable Percentages arising from any nonratable increase in the Commitments under this Section 2.15.

 

(f)                                    Terms of Commitment Increase.  Any Commitment Increase contemplated by the provisions of this Section 2.15 shall, except as provided in Section 2.15(e)(iii) and (e)(iv), bear interest and be entitled to fees and other compensation on the same basis as all other Commitments.

 

(g)                                 Conflicting Provisions.  This Section 2.15 shall supersede any provisions in Sections 2.13 or 10.01 to the contrary.

 

ARTICLE III
 TAXES, YIELD PROTECTION AND ILLEGALITY;
 APPOINTMENT OF LEAD BORROWER

 

3.01                                                Taxes.

 

(a)                                  Payments Free of Taxes.  Any and all payments by or on account of any obligation of the Borrowers hereunder or under any other Loan Document shall be made free and clear of and without reduction or withholding for any Indemnified Taxes or Other Taxes, provided that if the Borrowers shall be required by applicable law to deduct any Indemnified Taxes (including any Other Taxes) from such payments, then (i) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 3.01) the Administrative Agent, Lender or L/C Issuer, as the case may be, receives an amount equal to the sum it would have received had no such deductions been made, (ii) the Borrowers shall make such deductions and (iii) the Borrowers shall timely pay the full amount deducted to the relevant Governmental Authority in accordance with applicable law.

 

(b)                                 Payment of Other Taxes by the Borrowers.  Without limiting the provisions of subsection (a) above, the Borrowers shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable Law.

 

(c)                                  Indemnification by the Loan Parties.  The Loan Parties shall indemnify the Administrative Agent, each Lender and the L/C Issuer, upon  demand therefor, for the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section 3.01) paid by the Administrative Agent, such Lender or the L/C Issuer, as the case may be, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority.  A certificate as to the amount of such payment or liability delivered to the Lead Borrower by a Lender or the L/C Issuer (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender or the L/C Issuer, shall be conclusive absent manifest error.

 

(d)                                 Evidence of Payments.  As soon as practicable after any payment of Indemnified Taxes or Other Taxes by the Borrowers to a Governmental Authority, the Lead Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental 

 

 

Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent.

 

(e)                                  Status of Lenders.  Any Foreign Lender that is entitled to an exemption from or reduction of withholding tax under the law of the jurisdiction in which any Borrower is resident for tax purposes, or any treaty to which such jurisdiction is a party, with respect to payments hereunder or under any other Loan Document shall deliver to the Lead Borrower (with a copy to the Administrative Agent), at the time or times prescribed by applicable Law or reasonably requested by the Lead Borrower or the Administrative Agent, such properly completed and executed documentation prescribed by applicable Law as will permit such payments to be made without withholding or at a reduced rate of withholding.  In addition, any Lender, if requested by the Lead Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable Law or reasonably requested by the Lead Borrower or the Administrative Agent as will enable the Lead Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements.

 

Without limiting the generality of the foregoing, in the event that any Borrower is resident for tax purposes in the United States, any Foreign Lender shall deliver to the Lead Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the request of the Lead Borrower or the Administrative Agent, but only if such Foreign Lender is legally entitled to do so), whichever of the following is applicable:

 

(i)                                     duly completed copies of Internal Revenue Service Form W-8BEN claiming eligibility for benefits of an income tax treaty to which the United States is a party,

 

(ii)                                  duly completed copies of Internal Revenue Service Form W-8ECI,

 

(iii)                               in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under section 881(c) of the Code, (x) a certificate to the effect that such Foreign Lender is not (A) a “bank” within the meaning of section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of the Borrowers within the meaning of section 881(c)(3)(B) of the Code, or (C) a “controlled foreign corporation” described in section 881(c)(3)(C) of the Code and (y) duly completed copies of  Internal Revenue Service Form W-8BEN, or

 

(iv)                              any other form prescribed by applicable Law as a basis for claiming exemption from or a reduction in United States Federal withholding tax duly completed together with such supplementary documentation as may be prescribed by applicable Law to permit the Lead Borrower to determine the withholding or deduction required to be made.

 

(f)                                    Treatment of Certain Refunds.  If the Administrative Agent, any Lender or the L/C Issuer determines, in its sole discretion, that it has received a refund of any Taxes or Other Taxes as to which it has been indemnified by the Borrowers or with respect to which the Borrowers have paid additional amounts pursuant to this Section 3.01, it shall pay to the Borrowers an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrowers under this Section 3.01 with respect to the Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses of the Administrative Agent, such Lender or the L/C Issuer, as the case may be, and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund), provided that the Borrowers, upon the request of the Administrative Agent, such Lender or the L/C Issuer, agree to repay the amount paid over to the Borrowers (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent, such Lender or 

 

 

the L/C Issuer in the event the Administrative Agent, such Lender or the L/C Issuer is required to repay such refund to such Governmental Authority.  This subsection shall not be construed to require the Administrative Agent, any Lender or the L/C Issuer to make available its tax returns (or any other information relating to its taxes that it deems confidential) to the Borrowers or any other Person.

 

3.02                                                Illegality.  If any Lender determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for any Lender or its applicable Lending Office to make, maintain or fund LIBO Rate Loans, or to determine or charge interest rates based upon the LIBO Rate, or any Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of, Dollars in the London interbank market, then, on notice thereof by such Lender to the Lead Borrower through the Administrative Agent, any obligation of such Lender to make or continue LIBO Rate Loans or to convert Prime Rate Loans to LIBO Rate Loans shall be suspended until such Lender notifies the Administrative Agent and the Lead Borrower that the circumstances giving rise to such determination no longer exist.  Upon receipt of such notice, the Borrowers shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, convert all LIBO Rate Loans of such Lender to Prime Rate Loans, either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such LIBO Rate Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such LIBO Rate Loans.  Upon any such prepayment or conversion, the Borrowers shall also pay accrued interest on the amount so prepaid or converted.

 

3.03                                                Inability to Determine Rates.  If the Required Lenders determine that for any reason in connection with any request for a LIBO Rate Loan or a conversion to or continuation thereof that (a) Dollar deposits are not being offered to banks in the London interbank market for the applicable amount and Interest Period of such LIBO Rate Loan, (b) adequate and reasonable means do not exist for determining the LIBO Rate for any requested Interest Period with respect to a proposed LIBO Rate Loan , or (c) the LIBO Rate for any requested Interest Period with respect to a proposed LIBO Rate Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly so notify the Lead Borrower and each Lender.  Thereafter, the obligation of the Lenders to make or maintain LIBO Rate Loans shall be suspended until the Administrative Agent (upon the instruction of the Required Lenders) revokes such notice.  Upon receipt of such notice, the Lead Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of LIBO Rate Loans or, failing that, will be deemed to have converted such request into a request for a Committed Borrowing of Prime Rate Loans in the amount specified therein.

 

3.04                                                Increased Costs; Reserves on LIBO Rate Loans.

 

(a)                                  Increased Costs Generally.  If any Change in Law shall:

 

(i)                                     impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any reserve requirement reflected in the Adjusted LIBO Rate) or the L/C Issuer;

 

(ii)                                  subject any Lender or the L/C Issuer to any tax of any kind whatsoever with respect to this Agreement, any Letter of Credit, any participation in a Letter of Credit or any LIBO Rate Loan made by it, or change the basis of taxation of payments to such Lender or the L/C Issuer in respect thereof (except for Indemnified Taxes or Other Taxes covered by 

 

 

Section 3.01 and the imposition of, or any change in the rate of, any Excluded Tax payable by such Lender or the L/C Issuer); or

 

(iii)                               impose on any Lender or the L/C Issuer or the London interbank market any other condition, cost or expense affecting this Agreement or LIBO Rate Loans made by such Lender or any Letter of Credit or participation therein;

 

and the result of any of the foregoing shall be to increase the cost to such Lender of making or maintaining any LIBO Rate Loan (or of maintaining its obligation to make any such Loan), or to increase the cost to such Lender or the L/C Issuer of participating in, issuing or maintaining any Letter of Credit (or of maintaining its obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum received or receivable by such Lender or the L/C Issuer hereunder (whether of principal, interest or any other amount) then, upon request of such Lender or the L/C Issuer, the Borrowers will pay to such Lender or the L/C Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or the L/C Issuer, as the case may be, for such additional costs incurred or reduction suffered.

 

(b)                                 Capital Requirements.  If any Lender or the L/C Issuer determines that any Change in Law affecting such Lender or the L/C Issuer or any Lending Office of such Lender or such Lender’s or the L/C Issuer’s holding company, if any, regarding capital requirements has or would have the effect of reducing the rate of return on such Lender’s or the L/C Issuer’s capital or on the capital of such Lender’s or the L/C Issuer’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by the L/C Issuer, to a level below that which such Lender or the L/C Issuer or such Lender’s or the L/C Issuer’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or the L/C Issuer’s policies and the policies of such Lender’s or the L/C Issuer’s holding company with respect to capital adequacy), then from time to time the Borrowers will pay to such Lender or the L/C Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or the L/C Issuer or such Lender’s or the L/C Issuer’s holding company for any such reduction suffered.

 

(c)                                  Certificates for Reimbursement.  A certificate of a Lender or the L/C Issuer setting forth the amount or amounts necessary to compensate such Lender or the L/C Issuer or its holding company, as the case may be, as specified in subsection (a) or (b) of this Section 3.04 and delivered to the Lead Borrower shall be conclusive absent manifest error.  The Borrowers shall pay such Lender or the L/C Issuer, as the case may be, the amount shown as due on any such certificate within 10 days after receipt thereof.

 

(d)                                 Delay in Requests.  Failure or delay on the part of any Lender or the L/C Issuer to demand compensation pursuant to the foregoing provisions of this Section shall not constitute a waiver of such Lender’s or the L/C Issuer’s right to demand such compensation, provided that the Borrowers shall not be required to compensate a Lender or the L/C Issuer pursuant to the foregoing provisions of this Section for any increased costs incurred or reductions suffered more than nine months prior to the date that such Lender or the L/C Issuer, as the case may be, notifies the Lead Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or the L/C Issuer’s intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the nine-month period referred to above shall be extended to include the period of retroactive effect thereof).

 

 

(e)                                  Reserves on LIBO Rate Loans.  The Borrowers shall pay to each Lender, as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each LIBO Rate Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Loan, provided the Lead Borrower shall have received at least 10 days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such Lender.  If a Lender fails to give notice 10 days prior to the relevant Interest Payment Date, such additional interest shall be due and payable 10 days from receipt of such notice.

 

3.05                                                Compensation for Losses.  Upon demand of any Lender (with a copy to the Administrative Agent) from time to time, the Borrowers shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of:

 

(a)                            any continuation, conversion, payment or prepayment of any Loan other than a Prime Rate Loan on a day other than the last day of the Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise);

 

(b)                           any failure by the Borrowers (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue or convert any Loan other than a Prime Rate Loan on the date or in the amount notified by the Lead Borrower; or

 

(c)                            any assignment of a LIBO Rate Loan on a day other than the last day of the Interest Period therefor as a result of a request by the Lead Borrower pursuant to Section 10.13;

 

including any loss of anticipated profits and any loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain such Loan or from fees payable to terminate the deposits from which such funds were obtained.  The Borrowers shall also pay any customary administrative fees charged by such Lender in connection with the foregoing.

 

For purposes of calculating amounts payable by the Borrowers to the Lenders under this Section 3.05, each Lender shall be deemed to have funded each LIBO Rate Loan made by it at the LIBO Rate for such Loan by a matching deposit or other borrowing in the London interbank market for a comparable amount and for a comparable period, whether or not such LIBO Rate Loan was in fact so funded.

 

3.06                                                Mitigation Obligations; Replacement of Lenders.

 

(a)                                  Designation of a Different Lending Office.  If any Lender requests compensation under Section 3.04, or the Borrowers are required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, or if any Lender gives a notice pursuant to Section 3.02, then such Lender shall use reasonable efforts to designate a different Lending Office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 3.01 or 3.04, as the case may be, in the future, or eliminate the need for the notice pursuant to Section 3.02, as applicable, and (ii) in each case, would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender.

 

 

(b)                                 Replacement of Lenders.  If any Lender requests compensation under Section 3.04, or if the Borrowers are required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, the Borrowers may replace such Lender in accordance with Section 10.13.

 

3.07                                                Survival.  All of the Borrowers’ obligations under this Article III shall survive termination of the Aggregate Commitments and repayment of all other Obligations hereunder.

 

3.08                                                Designation of Lead Borrower as Borrowers’ Agent.

 

(a)                                  Each Borrower hereby irrevocably designates and appoints the Lead  Borrower as such Borrower’s agent to obtain Credit Extensions, the proceeds of which shall be available to each Borrower for such uses as are permitted under this Agreement.  As the disclosed principal for its agent, each Borrower shall be obligated to each Credit Party on account of Credit Extensions so made as if made directly by the applicable Credit Party to such Borrower, notwithstanding the manner by which such Credit Extensions are recorded on the books and records of the Lead Borrower and of any other Borrower.  In addition, each Loan Party other than the Borrowers hereby irrevocably designates and appoints the Lead  Borrower as such Loan Party’s agent to represent such Loan Party in all respects under this Agreement and the other Loan Documents.

 

(b)                                 Each Borrower recognizes that credit available to it hereunder is in excess of and on better terms than it otherwise could obtain on and for its own account and that one of the reasons therefor is its joining in the credit facility contemplated herein with all other Borrowers.  Consequently, each Borrower hereby assumes and agrees to discharge all Obligations of each of the other Borrowers.

 

(c)                                  The Lead  Borrower shall act as a conduit for each Borrower (including itself, as a “Borrower”) on whose behalf the Lead Borrower has requested a Credit Extension.  Neither the Administrative Agent nor any other Credit Party shall have any obligation to see to the application of such proceeds therefrom.

 

ARTICLE IV
 CONDITIONS PRECEDENT TO CREDIT EXTENSIONS

 

4.01                                                Conditions of Initial Credit Extension.  The obligation of the L/C Issuer and each Lender to make its initial Credit Extension hereunder is subject to satisfaction of the following conditions precedent:

 

(a)                                  The Administrative Agent’s receipt of the following, each of which shall be originals or telecopies (followed promptly by originals) unless otherwise specified, each properly executed by a Responsible Officer of the signing Loan Party, each dated the Closing Date (or, in the case of certificates of governmental officials, a recent date before the Closing Date) and each in form and substance satisfactory to the Administrative Agent:

 

(i)                         executed counterparts of this Agreement sufficient in number for distribution to the Administrative Agent, each Lender and the Lead Borrower;

 

(ii)                      a Note executed by the Borrowers in favor of each Lender requesting a Note;

 

 

(iii)                   such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of each Loan Party as the Administrative Agent may require evidencing (A) the authority of each Loan Party to enter into this Agreement and the other Loan Documents to which such Loan Party is a party or is to be a party and (B) the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Agreement and the other Loan Documents to which such Loan Party is a party or is to be a party;

 

(iv)                  copies of each Loan Party’s Organization Documents and such other documents and certifications as the Administrative Agent may reasonably require to evidence that each Loan Party is duly organized or formed, and that each Loan Party is validly existing, in good standing and qualified to engage in business in each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification, except to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect;

 

(v)                     a favorable opinion of Morgan, Lewis & Bockius LLP, counsel to the Loan Parties, addressed to the Administrative Agent and each Lender, as to such matters concerning the Loan Parties and the Loan Documents as the Administrative Agent may reasonably request (including, without limitation, with respect to enforceability, due authorization, perfection of the Liens in favor of the Collateral Agent and no lien creation as a result of the financing);

 

(vi)                  a certificate signed by a Responsible Officer of the Lead Borrower certifying (A) that the conditions specified in Sections 4.02(a) and (b) have been satisfied, (B) that there has been no event or circumstance since the Balance Sheet Date that has had or could be reasonably expected to have, either individually or in the aggregate, a Material Adverse Effect and (C) either that (1) no consents, licenses or approvals are required in connection with the execution, delivery and performance by such Loan Party and the validity against such Loan Party of the Loan Documents to which it is a party, or (2) that all such consents, licenses and approvals have been obtained and are in full force and effect;

 

(vii)               evidence that all insurance required to be maintained pursuant to the Loan Documents and all endorsements in favor of the Agents required under the Loan Documents have been obtained and are in effect;

 

(viii)            a payoff letter from Wachovia Bank, National Association, as agent for the lenders under the Existing Credit Agreement satisfactory in form and substance to the Administrative Agent evidencing that the Existing Credit Agreement has been or concurrently with the Closing Date is being terminated, all obligations thereunder are being paid in full, and all Liens securing obligations under the Existing Credit Agreement have been or concurrently with the Closing Date are being released;

 

(ix)                    a certificate from the chief financial officer of the Lead Borrower, satisfactory in form and substance to the Administrative Agent, attesting to the Solvency of the Loan Parties as of the Closing Date after giving effect to the transactions contemplated hereby;

 

 

(x)                       the Security Documents, each duly executed by the applicable Loan Parties;

 

(xi)                    all other Loan Documents, each duly executed by the applicable Loan Parties;

 

(xii)                 (A) an appraisal (based on net liquidation value) by a third party appraiser acceptable to the Collateral Agent of all Inventory of the Borrowers, the results of which are satisfactory to the Collateral Agent, it being acknowledged that this condition has been satisfied, (B) a written report prepared for the Collateral Agent regarding the results of a commercial finance examination of the Loan Parties, which shall be satisfactory to the Collateral Agent and (C) other due diligence materials (including, without limitation, with respect to the Loan Parties’ and certain of their Affiliates’ organizational structure) reasonably requested by the Administrative Agent;

 

(xiii)              results of searches or other evidence reasonably satisfactory to the Collateral Agent (in each case dated as of a date reasonably satisfactory to the Collateral Agent) indicating the absence of Liens on the assets of the Loan Parties, except for Permitted Encumbrances and Liens for which termination statements and releases, satisfactions and discharges of any mortgages, and releases or subordination agreements satisfactory to the Collateral Agent are being tendered concurrently with such extension of credit or other arrangements satisfactory to the Collateral Agent for the delivery of such termination statements and releases, satisfactions and discharges have been made;

 

(xiv)             duly executed Customs Broker Agreements with each of the Loan Parties’ customs brokers, freight forwarders or carriers;

 

(xv)                (A) all documents and instruments, including Uniform Commercial Code financing statements, required by law or reasonably requested by the Collateral Agent to be filed, registered or recorded to create or perfect the first priority Liens intended to be created under the Loan Documents and all such documents and instruments shall have been so filed, registered or recorded to the satisfaction of the Collateral Agent, (B) the DDA Notifications, Credit Card Notifications, and Blocked Account Agreements required pursuant to Section 6.13 hereof, and (C) control agreements with respect to the Loan Parties’ securities and investment accounts;

 

(xvi)             such other assurances, certificates, documents, consents or opinions as the Agents reasonably may require.

 

(b)                           After giving effect to (i) the first funding under the Loans, (ii) any charges to the Loan Account made in connection with the establishment of the credit facility contemplated hereby and (iii) all Letters of Credit to be issued at, or immediately subsequent to, such establishment, Availability shall be not less than $150,000,000.

 

(c)                            The Administrative Agent shall have received a Borrowing Base Certificate dated the Closing Date, relating to the month ended on November 2008, and executed by a Responsible Officer of the Lead Borrower.

 

(d)                           The Administrative Agent shall be reasonably satisfied that any financial statements delivered to it fairly present the business and financial condition of the Loan Parties 

 

 

and that there has been no Material Adverse Effect since the date of the most recent financial information delivered to the Administrative Agent.

 

(e)                            The Administrative Agent shall have received and be satisfied with (i) a detailed forecast prepared on a quarterly basis for the period commencing on the Closing Date and ending in January, 2010, which shall include an Availability model, Consolidated income statement, balance sheet, and statement of cash flow, by quarter, each prepared in conformity with GAAP and consistent with the Loan Parties’ then current practices, (ii) a detailed forecast prepared on annual basis for the period from January, 2010 to the Maturity Date, which shall include an Availability model, Consolidated income statement, balance sheet, and statement of cash flow, by year, each prepared in conformity with GAAP and consistent with the Loan Parties’ then current practices and (iii) such other information (financial or otherwise) reasonably requested by the Administrative Agent; it being acknowledged that the conditions in clauses (i) and (ii) above have been satisfied.

 

(f)                              There shall not be pending any litigation or other proceeding, the result of which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect, other than as set forth on Schedule 5.06.

 

(g)                           There shall not have occurred any default of any Material Contract of any Loan Party which could reasonably be expected to have a Material Adverse Effect.

 

(h)                           The consummation of the transactions contemplated hereby shall not violate any applicable Law or any Organization Document.

 

(i)                               All necessary consents and approvals to the transactions contemplated hereby shall have been obtained and shall be satisfactory to the Administrative Agent, other than those which, individually or in the aggregate, could not have, and could not be expected to have, a Material Adverse Effect.

 

(j)                               After giving effect to the consummation of the transactions contemplated under this Agreement and the other Loan Documents on the Closing Date (including any Loans made or Letters of Credit issued hereunder), no Default or Event of Default shall exist.

 

(k)                            All fees required to be paid to the Agents or the Arranger on or before the Closing Date shall have been paid in full, and all fees required to be paid to the Lenders on or before the Closing Date shall have been paid in full.

 

(l)                               The Borrowers shall have paid all fees, charges and disbursements of counsel to the Administrative Agent to the extent invoiced prior to or on the Closing Date, plus such additional amounts of such fees, charges and disbursements as shall constitute its reasonable estimate of such fees, charges and disbursements incurred or to be incurred by it through the closing proceedings (provided that such estimate shall not thereafter preclude a final settling of accounts between the Borrowers and the Administrative Agent).

 

(m)                         The Administrative Agent shall have received all documentation and other information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including without limitation the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”).

 

 

(n)                           No material changes in governmental regulations or policies affecting any Loan Party or any Credit Party shall have occurred prior to the Closing Date.

 

(o)                           The Closing Date shall have occurred on or before January 31, 2009.  The Administrative Agent shall notify the Lead Borrower and the Lenders of the Closing Date, and such notice shall be conclusive and binding on the Loan Parties.

 

Without limiting the generality of the provisions of Section 9.04, for purposes of determining compliance with the conditions specified in this Section 4.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its objection thereto.

 

4.02                                                Conditions to all Credit Extensions.  The obligation of each Lender to honor any Request for Credit Extension (other than a Conversion/Continuation Notice requesting only a conversion of Committed Loans to the other Type or a continuation of LIBO Rate Loans) and of each L/C Issuer to issue each Letter of Credit is subject to the following conditions precedent:

 

(a)                            The representations and warranties of the Lead Borrower and each other Loan Party contained in Article V or any other Loan Document, or which are contained in any document furnished at any time under or in connection herewith or therewith, shall be true and correct in all material respects on and as of the date of such Credit Extension, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date, and except that for purposes of this Section 4.02, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 6.01.

 

(b)                           No Default or Event of Default shall exist, or would result from such proposed Credit Extension or from the application of the proceeds thereof.

 

(c)                            The Administrative Agent and, if applicable, the L/C Issuer or the Swing Line Lender shall have received a Request for Credit Extension in accordance with the requirements hereof.

 

(d)                           No event or circumstance which could reasonably be expected to result in a Material Adverse Effect shall have occurred.

 

Each Request for Credit Extension (other than a Conversion/Continuation Notice requesting only a conversion of Committed Loans to the other Type or a continuation of LIBO Rate Loans) submitted by the Lead Borrower shall be deemed to be a representation and warranty by the Borrowers that the conditions specified in Sections 4.02(a) and 4.02(b) have been satisfied on and as of the date of the applicable Credit Extension.  The conditions set forth in this Section 4.02 are for the sole benefit of the Credit Parties but until the Required Lenders otherwise direct the Administrative Agent to cease making Committed Loans, the Lenders will fund their Applicable Percentage of all Loans and L/C Advances and participate in all Swing Line Loans and Letters of Credit whenever made or issued, which are requested by the Lead Borrower and which, notwithstanding the failure of the Loan Parties to comply with the provisions of this Article IV, agreed to by the Administrative Agent, provided, however, the making of any such Loans or the issuance of any Letters of Credit shall not be deemed a modification or waiver by 

 

 

any Credit Party of the provisions of this Article IV on any future occasion or a waiver of any rights of the Credit Parties as a result of any such failure to comply.

 

ARTICLE V
 REPRESENTATIONS AND WARRANTIES

 

To induce the Credit Parties to enter into this Agreement and to make Loans and to issue Letters of Credit hereunder, each Loan Party represents and warrants to the Administrative Agent and the other Credit Parties that:

 

5.01                                                Existence, Qualification and Power.  Each Loan Party and each Subsidiary thereof (a) is a corporation, limited liability company, partnership or limited partnership, duly organized or formed, validly existing and, where applicable, in good standing under the Laws of the jurisdiction of its incorporation or organization, (b) has all requisite power and authority and all requisite governmental licenses, permits, authorizations, consents and approvals to (i) own or lease its assets and carry on its business and (ii) execute, deliver and perform its obligations under the Loan Documents to which it is a party, and (c) is duly qualified and is licensed and, where applicable, in good standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license; except in each case referred to in clause (b)(i) or (c), to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect.  Schedule 5.01 annexed hereto sets forth, as of the Closing Date, each Loan Party’s name as it appears in official filings in its state of incorporation or organization, its state of incorporation or organization, organization type, organization number, if any, issued by its state of incorporation or organization, and its federal employer identification number.

 

5.02                                                Authorization; No Contravention.  The execution, delivery and performance by each Loan Party of each Loan Document to which such Person is or is to be a party, has been duly authorized by all necessary corporate or other organizational action, and does not and will not (a) contravene the terms of any of such Person’s Organization Documents; (b) conflict with or result in any breach, termination, or contravention of, or constitute a default under, or require any payment to be made under (i) any Material Contract or any Material Indebtedness to which such Person is a party or affecting such Person or the properties of such Person or any of its Subsidiaries or (ii) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Person or its property is subject; (c) result in or require the creation of any Lien upon any asset of any Loan Party (other than Liens in favor of the Collateral Agent under the Security Documents); or (d) violate any Law.

 

5.03                                                Governmental Authorization; Other Consents.  No approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with the execution, delivery or performance by, or enforcement against, any Loan Party of this Agreement or any other Loan Document, except for (a) the perfection or maintenance of the Liens created under the Security Documents (including the first priority nature thereof) or (b) such as have been obtained or made and are in full force and effect.

 

5.04                                                Binding Effect.  This Agreement has been, and each other Loan Document, when delivered, will have been, duly executed and delivered by each Loan Party that is party thereto.  This Agreement constitutes, and each other Loan Document when so delivered will constitute, a legal, valid and binding obligation of such Loan Party, enforceable against each Loan Party that is party thereto in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, 

 

 

moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

 

5.05                                                Financial Statements; No Material Adverse Effect.

 

(a)                                  The Audited Financial Statements (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; and (ii) fairly present the financial condition of the Lead Borrower and its Subsidiaries as of the date thereof and their results of operations for the period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein.

 

(b)                                 The unaudited Consolidated balance sheet of the Lead Borrower and its Subsidiaries dated as of the Balance Sheet Date, and the related Consolidated statements of income or operations, Shareholders’ Equity and cash flows for the fiscal quarter ended on that date (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein, and (ii) fairly present the financial condition of the Lead Borrower and its Subsidiaries as of the date thereof and their results of operations for the period covered thereby, subject to normal year-end audit adjustments.

 

(c)                                  Since the Balance Sheet Date, there has been no event or circumstance, either individually or in the aggregate, that has had or could reasonably be expected to have a Material Adverse Effect.

 

(d)                                 To the best knowledge of the Lead Borrower, except as disclosed on Schedule 5.05, no Internal Control Event exists or has occurred since the date of the Audited Financial Statements that has resulted in or could reasonably be expected to result in a misstatement in any material respect, in any financial information delivered or to be delivered to the Administrative Agent or the Lenders, of (i) covenant compliance calculations provided hereunder or (ii) the assets, liabilities, financial condition or results of operations of the Lead Borrower and its Subsidiaries on a Consolidated basis.

 

(e)                                  The Consolidated forecasted balance sheet and statements of income and cash flows of the Lead Borrower and its Subsidiaries delivered pursuant to Section 4.01(e) and Section 6.01(d) were prepared in good faith on the basis of the assumptions stated therein, which assumptions were fair in light of the conditions existing at the time of delivery of such forecasts, and represented, at the time of delivery, the Loan Parties’ best estimate of its future financial performance.

 

5.06                                                Litigation.  There are no actions, suits, proceedings, claims or disputes pending or, to the knowledge of the Loan Parties after due and diligent investigation, threatened or contemplated, at law, in equity, in arbitration or before any Governmental Authority, by or against any Loan Party or any of its Subsidiaries or against any of its properties or revenues that (a) purport to affect or pertain to this Agreement or any other Loan Document, or any of the transactions contemplated hereby, or (b) except as specifically disclosed in Schedule 5.06, either individually or in the aggregate, if determined adversely, could reasonably be expected to have a Material Adverse Effect.

 

5.07                                                No Default.  No Loan Party or any Subsidiary is in default under or with respect to, or party to, any Material Contract or any Material Indebtedness.  No Default has occurred and is continuing or would result from the consummation of the transactions contemplated by this Agreement or any other Loan Document.

 

 

5.08                                                Ownership of Property; Liens.  

 

(a)                                  Each of the Loan Parties and each Subsidiary thereof has good fee simple title to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business, subject to any Permitted Encumbrances and except for such defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.  Each of the Loan Parties and each Subsidiary has good and marketable title to, valid leasehold interests in, or valid licenses to use all personal property and assets material to the ordinary conduct of its business, subject to any Permitted Encumbrances and except, as individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

 

(b)                                 Schedule 5.08(b)(1) sets forth, as of the Closing Date, the address (including street address, county and state) of all Real Estate that is owned by the Loan Parties, together with a list of the holders of any mortgage Lien thereon, the maximum principal amount secured thereby, and the maturity date thereof.  Schedule 5.08(b)(2) sets forth the address (including street address, county and state) of all Leases of Real Estate of the Loan Parties, together with a list of the lessor and its contact information with respect to each such Lease as of the Closing Date.  Each of such Leases is in full force and effect and the Loan Parties are not in default of the terms thereof, except, in each case, as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

 

(c)                                  Schedule 7.01 sets forth a complete and accurate list of all Liens on the property or assets of each Loan Party and each of its Subsidiaries, showing as of the date hereof the lienholder thereof, the principal amount of the obligations secured thereby and the property or assets of such Loan Party or such Subsidiary subject thereto.  The property of each Loan Party and each of its Subsidiaries is subject to no Liens, other than Liens set forth on Schedule 7.01.

 

(d)                                 Schedule 7.02 sets forth a complete and accurate list of all Investments held by any Loan Party or any Subsidiary of a Loan Party on the date hereof, showing as of the date hereof the amount, obligor or issuer and maturity, if any, thereof.

 

(e)                                  Schedule 7.03 sets forth a complete and accurate list of all Indebtedness of each Loan Party or any Subsidiary of a Loan Party (other than intercompany Indebtedness) on the date hereof, showing as of the date hereof the amount, obligor or issuer and maturity thereof.

 

5.09                                                Environmental Compliance.

 

(a)                            No Loan Party or any Subsidiary thereof (i) has failed to comply with any Environmental Law or to obtain, maintain or comply with any permit, license or other approval required under any Environmental Law, (ii) has become subject to any Environmental Liability, (iii) has received notice of any claim with respect to any Environmental Liability or (iv) knows of any basis for any Environmental Liability, except, in each case, as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

 

(b)                           Except, in each case, as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect (i) none of the real properties currently or formerly owned or operated by any Loan Party or any Subsidiary thereof is listed or proposed for listing on the NPL or on the CERCLIS or any analogous foreign, state or local list or is adjacent to any such property; (ii) there are no and never have been any underground or above-ground storage tanks or any surface impoundments, septic tanks, pits, sumps or lagoons in which Hazardous Materials are being or have been treated, stored or disposed on any property currently owned or operated by any Loan Party or any Subsidiary thereof or, to the best of the knowledge of the Loan Parties, on any property formerly owned or operated by any Loan Party or Subsidiary thereof; (iii) there is no asbestos or asbestos-containing material on any property 

 

 

currently owned or operated by any Loan Party or Subsidiary thereof; and (iv) Hazardous Materials have not been released, discharged or disposed of on any property currently or formerly owned or operated by any Loan Party or any Subsidiary thereof.

 

(c)                            Except as otherwise set forth on Schedule 5,09, no Loan Party or any Subsidiary thereof is undertaking, either individually or together with other potentially responsible parties, any investigation or assessment or remedial or response action relating to any actual or threatened release, discharge or disposal of Hazardous Materials at any site, location or operation, either voluntarily or pursuant to the order of any Governmental Authority or the requirements of any Environmental Law; and, except, in each case, as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, all Hazardous Materials generated, used, treated, handled or stored at, or transported to or from, any property currently or formerly owned or operated by any Loan Party or any Subsidiary thereof have been disposed of in a manner not reasonably expected to result in material liability to any Loan Party or any Subsidiary thereof.

 

5.10                                                Insurance.  The properties (including, without limitation, all Collateral) of the Loan Parties and their Subsidiaries are insured with financially sound and reputable insurance companies which are not Affiliates of the Loan Parties (other than Colchester Insurance Company), in such amounts, with such deductibles and covering such risks (including, without limitation, workmen’s compensation, public liability, business interruption and property damage insurance) as are customarily carried by companies engaged in similar businesses and owning similar properties in localities where the Loan Parties or the applicable Subsidiary operates.  Schedule 5.10 sets forth a description of all insurance maintained by or on behalf of the Loan Parties as of the Closing Date. Each insurance policy listed on Schedule 5.10 is in full force and effect and all premiums in respect thereof that are due and payable have been paid.

 

5.11                                                Taxes.  The Loan Parties and their Subsidiaries have filed all Federal, state and other material tax returns and reports required to be filed, and have paid all Federal, state and other material taxes, assessments, fees and other governmental charges levied or imposed upon them or their properties, income or assets otherwise due and payable, except those which are being contested in good faith by appropriate proceedings being diligently conducted, for which adequate reserves have been provided in accordance with GAAP, as to which Taxes no Lien has been filed and which contest effectively suspends the collection of the contested obligation and the enforcement of any Lien securing such obligation.  There is no proposed tax assessment against any Loan Party or any Subsidiary that would, if made, have a Material Adverse Effect.  No Loan Party or any Subsidiary thereof is a party to any tax sharing agreement.

 

5.12                                                ERISA Compliance.

 

(a)                                  Each Plan is in compliance in all material respects with the applicable provisions of ERISA, the Code and other Federal or state Laws.  Each Plan that is intended to qualify under Section 401(a) of the Code has received a favorable determination letter from the IRS or an application for such a letter is currently being processed by the IRS with respect thereto and, to the best knowledge of the Lead Borrower, nothing has occurred which would prevent, or cause the loss of, such qualification.  The Loan Parties and each ERISA Affiliate have made all required contributions to each Plan subject to Section 412 of the Code, and no application for a funding waiver or an extension of any amortization period pursuant to Section 412 of the Code is pending or in effect with respect to any Plan.  No Lien imposed under the Code or ERISA exists or is likely to arise on account of any Plan.

 

 

(b)                                 There are no pending or, to the best knowledge of the Lead Borrower, threatened claims, actions or lawsuits, or action by any Governmental Authority, with respect to any Plan that could reasonably be expected to have a Material Adverse Effect.  There has been no prohibited transaction or violation of the fiduciary responsibility rules with respect to any Plan that has resulted or could reasonably be expected to result in a Material Adverse Effect.

 

(c)                                  (i)                                     No ERISA Event has occurred or is reasonably expected to occur; (ii) no Pension Plan has any Unfunded Pension Liability; (iii) neither any Loan Party nor any ERISA Affiliate has incurred, or reasonably expects to incur, any liability under Title IV of ERISA with respect to any Pension Plan (other than premiums due and not delinquent under Section 4007 of ERISA); (iv) neither any Loan Party nor any ERISA Affiliate has incurred, or reasonably expects to incur, any liability (and no event has occurred which, with the giving of notice under Section 4219 of ERISA, would result in such liability) under Sections 4201 or 4243 of ERISA with respect to a Multiemployer Plan; and (v) neither any Loan Party nor any ERISA Affiliate has engaged in a transaction that could be subject to Sections 4069 or 4212(c) of ERISA.

 

5.13                                                Subsidiaries; Equity Interests.  The Loan Parties have no Subsidiaries other than those specifically disclosed in Part (a) of Schedule 5.13, which Schedule sets forth the legal name, jurisdiction of incorporation or formation and authorized Equity Interests of each such Subsidiary.  All of the outstanding Equity Interests in such Subsidiaries have been validly issued, are fully paid and non-assessable and are owned by a Loan Party (or a Subsidiary of a Loan Party) in the amounts specified on Part (a) of Schedule 5.13 free and clear of all Liens except for those created under the Security Documents.  There are no outstanding rights to purchase any Equity Interests in any Subsidiary.  The Loan Parties have no equity investments in any other corporation or entity other than Colchester Insurance Company.  The copies of the Organization Documents of each Loan Party and each amendment thereto provided pursuant to Section 4.01 are true and correct copies of each such document, each of which is valid and in full force and effect.

 

5.14                                                Margin Regulations; Investment Company Act.

 

(a)                                  No Loan Party is engaged or will be engaged, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock.  None of the proceeds of the Credit Extensions shall be used directly or indirectly for the purpose of purchasing or carrying any margin stock, for the purpose of reducing or retiring any Indebtedness that was originally incurred to purchase or carry any margin stock or for any other purpose that might cause any of the Credit Extensions to be considered a “purpose credit” within the meaning of Regulations T, U, or X issued by the FRB.

 

(b)                                 None of the Loan Parties, any Person Controlling any Loan Party, or any Subsidiary is or is required to be registered as an “investment company” under the Investment Company Act of 1940.

 

5.15                                                Disclosure.  Each Loan Party has disclosed to the Administrative Agent and the Lenders all agreements, instruments and corporate or other restrictions to which it or any of its Subsidiaries is subject, and all other matters known to it, that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect.  No report, financial statement, certificate or other information furnished (whether in writing or orally) by or on behalf of any Loan Party to the Administrative Agent or any Lender in connection with the transactions contemplated hereby and the negotiation of this Agreement or delivered hereunder or under any other Loan 

 

 

Document (in each case, as modified or supplemented by other information so furnished) contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided that, with respect to projected financial information, the Loan Parties represent only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time.

 

5.16                                                Compliance with Laws.  Each of the Loan Parties and each Subsidiary is in compliance in all material respects with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its properties, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted or (b) the failure to comply therewith, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

 

5.17                                                Intellectual Property; Licenses, Etc.  The Loan Parties and their Subsidiaries own, or possess the right to use, all of the Intellectual Property, licenses, permits and other authorizations that are reasonably necessary for the operation of their respective businesses, without conflict with the rights of any other Person.  To the best knowledge of the Lead Borrower, (i) no slogan or other advertising device, product, process, method, substance, part or other material now employed, or now contemplated to be employed, by any Loan Party or any Subsidiary infringes upon any rights held by any other Person, and (ii)  no claim or litigation regarding any of the foregoing is pending or, to the best knowledge of the Lead Borrower, threatened, which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.

 

5.18                                                Labor Matters.

 

There are no strikes, lockouts, slowdowns or other labor disputes against any Loan Party or any Subsidiary thereof pending or, to the knowledge of any Loan Party, threatened.  Except as disclosed in Schedule 5.06, the hours worked by and payments made to employees of the Loan Parties comply with the Fair Labor Standards Act and any other applicable federal, state, local or foreign Law dealing with such matters except to the extent that any such violation could not reasonably be expected to have a Material Adverse Effect. No Loan Party or any of its Subsidiaries has incurred any liability or obligation under the Worker Adjustment and Retraining Act or similar state Law.  All payments due from any Loan Party and its Subsidiaries, or for which any claim may be made against any Loan Party, on account of wages and employee health and welfare insurance and other benefits, have been paid or properly accrued in accordance with GAAP as a liability on the books of such Loan Party.  No Loan Party or any Subsidiary is a party to or bound by any collective bargaining agreement, management agreement or any similar plan, agreement or arrangement. There are no representation proceedings pending or, to any Loan Party’s knowledge, threatened to be filed with the National Labor Relations Board, and no labor organization or group of employees of any Loan Party or any Subsidiary has made a pending demand for recognition. Except as disclosed in Schedule 5.06, there are no complaints, unfair labor practice charges, grievances, arbitrations, unfair employment practices charges or any other claims or complaints against any Loan Party or any Subsidiary pending or, to the knowledge of any Loan Party, threatened to be filed with any Governmental Authority or arbitrator based on, arising out of, in connection with, or otherwise relating to the employment or termination of employment of any employee of any Loan Party or any of its Subsidiaries, except to the extent such complaints, unfair labor practice charges, grievances, arbitrations, unfair employment practices charges or any other claims or complaints would not reasonably be expected to have a Material Adverse Effect.  The consummation of the transactions contemplated by the Loan Documents will not give rise to any right of termination or right of renegotiation on the part of any union under any collective bargaining agreement to which any Loan Party or any of its Subsidiaries is bound.

 

 

5.19                                                Security Documents.

 

(a)                                  The Security Documents create in favor of the Collateral Agent, for the benefit of the Secured Parties referred to therein, a legal, valid, continuing and enforceable security interest in the Collateral (as defined in the Security Agreement), the enforceability of which is subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.  The financing statements, releases and other filings are in appropriate form and have been or will be filed in the offices specified in the Perfection Certificate.  Upon such filings and/or the obtaining of “control,” the Collateral Agent will have a perfected Lien on, and security interest in, to and under all right, title and interest of the grantors thereunder in all Collateral that may be perfected by filing, recording or registering a financing statement or analogous document (including without limitation the proceeds of such Collateral subject to the limitations relating to such proceeds in the UCC) or by obtaining control, under the UCC (in effect on the date this representation is made) in each case prior and superior in right to any other Person.

 

(b)                                 When the Security Agreement is filed in the United States Patent and Trademark Office and the United States Copyright Office and when financing statements, releases and other filings in appropriate form are filed in the offices specified on the Perfection Certificate, the Security Agreement shall constitute a fully perfected Lien on, and security interest in, all right, title and interest of the applicable Loan Parties in the Intellectual Property (as defined in the Security Agreement) in which a security interest may be perfected by filing, recording or registering a security agreement, financing statement or analogous document in the United States Patent and Trademark Office or the United States Copyright Office, as applicable, in each case prior and superior in right to any other Person (it being understood that subsequent recordings in the United States Patent and Trademark Office and the United States Copyright Office may be necessary to perfect a Lien on registered trademarks, trademark applications and copyrights acquired by the Loan Parties after the date hereof).

 

5.20                                                Solvency

 

After giving effect to the transactions contemplated by this Agreement, and before and after giving effect to each Credit Extension, the Loan Parties, on a Consolidated basis, are, and will be, Solvent. No transfer of property has been or will be made by any Loan Party and no obligation has been or will be incurred by any Loan Party in connection with the transactions contemplated by this Agreement or the other Loan Documents with the intent to hinder, delay, or defraud either present or future creditors of any Loan Party.

 

5.21                                                Deposit Accounts; Credit Card Arrangements.

 

(a)                                  Annexed hereto as Schedule 5.21(a) is a list of all DDAs maintained by the Loan Parties as of the Closing Date, which Schedule includes, with respect to each DDA (i) the name and address of the depository; (ii) the account number(s) maintained with such depository; (iii) a contact person at such depository; and (iv) the identification of each Blocked Account Bank.

 

(b)                                 Annexed hereto as Schedule 5.21(b) is a list describing all arrangements as of the Closing Date to which any Loan Party is a party with respect to the processing and/or payment to such Loan Party of the proceeds of any credit card charges for sales made by such Loan Party.

 

5.22                                                Brokers.  No broker or finder brought about the obtaining, making or closing of the Loans or transactions contemplated by the Loan Documents, and no Loan Party or Affiliate 

 

 

thereof has any obligation to any Person in respect of any finder’s or brokerage fees in connection therewith.

 

5.23                                                Customer and Trade Relations.  There exists no actual or, to the knowledge of any Loan Party, threatened, termination or cancellation of, or any material adverse modification or change in the business relationship of any Loan Party with any supplier material to its operations.

 

5.24                                                Material Contracts.  Schedule 5.24 sets forth all Material Contracts to which any Loan Party is a party or is bound as of the Closing Date.  The Loan Parties have delivered true, correct and complete copies of such Material Contracts to the Administrative Agent on or before the date hereof.  The Loan Parties are not in breach or in default in any material respect of or under any Material Contract and have not received any notice of the intention of any other party thereto to terminate any Material Contract.

 

5.25                                                Casualty.  Neither the businesses nor the properties of any Loan Party or any of its Subsidiaries are currently affected by any fire, explosion, accident, strike, lockout or other labor dispute, drought, storm, hail, earthquake, embargo, act of God or of the public enemy or other casualty (whether or not covered by insurance) that, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.

 

ARTICLE VI
 AFFIRMATIVE COVENANTS

 

So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation hereunder shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding, the Loan Parties shall, and shall cause each Subsidiary to:

 

6.01                                                Financial Statements.  Deliver to the Administrative Agent, in form and detail satisfactory to the Administrative Agent:

 

(a)                            (i)   a copy of each of the Lead Borrower’s Annual Reports on Form 10-K, as and when filed with the SEC, or (ii) if the Lead Borrower is at such time no longer obligated to file 34 Act Reports, as soon as available, but in any event within 90 days after the end of each Fiscal Year of the Lead Borrower, a Consolidated balance sheet of the Lead Borrower and its Subsidiaries as at the end of such Fiscal Year, and the related consolidated statements of income or operations, Shareholders’ Equity and cash flows for such Fiscal Year, setting forth in each case in comparative form the figures for the previous Fiscal Year, all in reasonable detail and prepared in accordance with GAAP, such consolidated statements to be audited and accompanied by (A) a report and opinion of a Registered Public Accounting Firm of recognized standing reasonably acceptable to the Administrative Agent, which report and opinion shall be prepared in accordance with generally accepted auditing standards and (B) a copy of management’s discussion and analysis with respect to such financial statements;

 

(b)                           (i)   a copy of each of the Lead Borrower’s Quarterly Reports on Form 10-Q, as and when filed with the SEC, or (ii) if the Lead Borrower is at such time no longer obligated to file 34 Act Reports, as soon as available, but in any event within 45 days after the end of each of the Fiscal Quarters of each Fiscal Year of the Lead Borrower, a Consolidated balance sheet of the Lead Borrower and its Subsidiaries as at the end of such Fiscal Quarter, and the related consolidated statements of income or operations, Shareholders’ Equity and cash flows for such Fiscal Quarter and for the portion of the Lead Borrower’s Fiscal Year then ended, setting forth in 

 

 

each case in comparative form the figures for (A) the corresponding Fiscal Quarter of the previous Fiscal Year and (B) the corresponding portion of the previous Fiscal Year, all in reasonable detail, such Consolidated statements to be certified by a Responsible Officer of the Lead Borrower as fairly presenting the financial condition, results of operations, Shareholders’ Equity and cash flows of the Lead Borrower and its Subsidiaries as of the end of such Fiscal Quarter in accordance with GAAP, subject only to normal year-end audit adjustments and accompanied by a copy of management’s discussion and analysis with respect to such financial statements;

 

(c)                            as soon as available, but in any event within 30 days after the end of each of the Fiscal Months of each Fiscal Year (excluding the end of any Fiscal Month which is also the end of a Fiscal Quarter), a consolidated balance sheet of the Lead Borrower and its Subsidiaries as at the end of such Fiscal Month, and the related consolidated statements of income or operations, Shareholders’ Equity and cash flows for such Fiscal Month, and for the portion of the Lead Borrower’s Fiscal Year then ended, setting forth in each case in comparative form the figures for (A) the corresponding Fiscal Month of the previous Fiscal Year and (B) the corresponding portion of the previous fiscal year, all in reasonable detail, such consolidated statements to be certified by a Responsible Officer of the Lead Borrower as fairly presenting the financial condition, results of operations, Shareholders’ Equity and cash flows of the Lead Borrower and its Subsidiaries as of the end of such Fiscal Month in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes;

 

(d)                           as soon as available, but in any event at least 15 days after the end of each Fiscal Year of the Lead Borrower, forecasts prepared by management of the Lead Borrower, in form satisfactory to the Administrative Agent, of consolidated balance sheets and statements of income or operations and cash flows of the Lead Borrower and its Subsidiaries on a monthly basis for the immediately following Fiscal Year (including the fiscal year in which the Maturity Date occurs), and as soon as available, any significant revisions to such forecast with respect to such Fiscal Year.

 

6.02                                                Certificates; Other Information.  Deliver to the Administrative Agent and each Lender, in form and detail satisfactory to the Administrative Agent and the Required Lenders:

 

(a)                            concurrently with the delivery of the financial statements referred to in Sections 6.01(a), (b) and (c), a duly completed Compliance Certificate signed by a Responsible Officer of the Lead Borrower which (among other things) includes (i) a detailed calculation of the Consolidated Fixed Charge Coverage Ratio, provided that, unless (x) a Covenant Compliance Event has occurred or (y) Availability (calculated, for purposes of this clause (i), without giving effect to the Availability Block) is greater than or equal to twenty percent (20%) of the lesser of (1) the Aggregate Commitments and (2) the Borrowing Base, such calculation shall be required only with the delivery of the financial statements referred to in Sections 6.01(a) and (b), (ii) an explanation of any change in generally accepted accounting principles used in the preparation of such financial statements and (iii) a certification that no Default or Event of Default exists or, if any such Default or Event of Default shall exist, stating the nature and status of such event;

 

(b)                           on the 15th day of each Fiscal Month (or, if such day is not a Business Day, on the next succeeding Business Day), a certificate in the form of Exhibit F (a “Borrowing Base Certificate”) showing the Borrowing Base as of the close of business as of the last day of the immediately preceding Fiscal Month, each Borrowing Base Certificate to be certified as complete and correct by a Responsible Officer of the Lead Borrower; provided that at any time 

 

 

that an Accelerated Borrowing Base Delivery Event has occurred and is continuing, such Borrowing Base Certificate shall be delivered no later than the third Business Day of each week;

 

(c)                            promptly after the same are available, copies of each proxy or other communication sent to the stockholders of the Loan Parties, and copies of all reports and registration statements, which any Loan Party may file or be required to file with the SEC under Section 13 or 15(d) of the Securities Exchange Act of 1934, and in any case not otherwise required to be delivered to the Administrative Agent pursuant hereto;

 

(d)                           The financial and collateral reports described on Schedule 6.02 hereto, at the times set forth in such Schedule;

 

(e)                            promptly after the furnishing thereof, copies of any statement or report furnished to any holder of debt securities of any Loan Party or any Subsidiary thereof pursuant to the terms of any indenture, loan or credit or similar agreement and not otherwise required to be furnished to the Lenders pursuant to Section 6.01 or any other clause of this Section 6.02;

 

(f)                              as soon as available, but in any event within 30 days after the end of each fiscal year of the Loan Parties, a report summarizing the insurance coverage (specifying type, amount and carrier) in effect for each Loan Party and its Subsidiaries and containing such additional information as the Administrative Agent, or any Lender through the Administrative Agent, may reasonably specify;

 

(g)                           promptly, and in any event within five Business Days after receipt thereof by any Loan Party or any Subsidiary thereof, copies of each notice or other correspondence received from any Governmental Authority (including, without limitation, the SEC (or comparable agency in any applicable non-U.S. jurisdiction)) concerning any proceeding with, or investigation or possible investigation or other inquiry by such Governmental Authority regarding financial or other operational results of any Loan Party or any Subsidiary thereof or any other matter which, if adversely determined, could reasonably expected to have a Material Adverse Effect; and

 

(h)                           promptly, such additional information regarding the business affairs, financial condition or operations of any Loan Party or any Subsidiary, or compliance with the terms of the Loan Documents, as the Administrative Agent or any Lender may from time to time reasonably request.

 

Documents required to be delivered pursuant to Section 6.01(a), (b), or (c) or Section 6.02(d) (to the extent any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which the Lead Borrower posts such documents, or provides a link thereto on the Lead Borrower’s website on the Internet at the website address listed on Schedule 10.02; or (ii) on which such documents are posted on the Lead Borrower’s behalf on an Internet or intranet website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent); provided that, the Lead Borrower shall notify the Administrative Agent and each Lender (by telecopier or electronic mail) of the posting of any such documents and provide to the Administrative Agent by electronic mail electronic versions of such documents.  The Administrative Agent shall have no obligation to request the delivery or to maintain copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by the Loan Parties with any 

 

 

such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents.

 

The Loan Parties hereby acknowledge that (a) the Administrative Agent and/or the Arranger will make available to the Lenders and the L/C Issuer materials and/or information provided by or on behalf of the Loan Parties hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on IntraLinks or another similar electronic system (the “Platform”) and (b) certain of the Lenders may be “public-side” Lenders (i.e., Lenders that do not wish to receive material non-public information with respect to the Loan Parties or their securities) (each, a “Public Lender”).  The Loan Parties hereby agree that they will use commercially reasonable efforts to identify that portion of the Borrower Materials that may be distributed to the Public Lenders (all documents filed with the SEC shall be deemed PUBLIC) and that (w) all such Borrower Materials shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” the Loan Parties shall be deemed to have authorized the Administrative Agent, the Arranger, the L/C Issuer and the Lenders to treat such Borrower Materials as not containing any material non-public information (although it may be sensitive and proprietary) with respect to the Loan Parties or their securities for purposes of United States Federal and state securities laws (provided, however, that to the extent such Borrower Materials constitute Information, they shall be treated as set forth in Section 10.07); (y) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated “Public Investor”; and (z) the Administrative Agent and the Arranger shall be entitled to treat any Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public Investor.”

 

6.03                                                Notices.  Promptly notify the Administrative Agent:

 

(a)                            of the occurrence of any Default;

 

(b)                           of any matter that has resulted or could reasonably be expected to result in a Material Adverse Effect, including (i) breach or non-performance of, or any default under, a Material Contract or with respect to Material Indebtedness of any Loan Party or any Subsidiary thereof; (ii) any dispute, litigation, investigation, proceeding or suspension between any Loan Party or any Subsidiary thereof and any Governmental Authority; or (iii) the commencement of, or any material development in, any litigation or proceeding affecting any Loan Party or any Subsidiary thereof, including pursuant to any applicable Environmental Laws;

 

(c)                            of the occurrence of any ERISA Event;

 

(d)                           of any material change in accounting policies or financial reporting practices by any Loan Party or any Subsidiary thereof;

 

(e)                            of any change in any Loan Party’s senior executive officers;

 

(f)                              of the discharge by any Loan Party of its present Registered Public Accounting Firm or any withdrawal or resignation by such Registered Public Accounting Firm;

 

(g)                           of any collective bargaining agreement or other labor contract to which a Loan Party becomes a party, or the application for the certification of a collective bargaining agent;

 

(h)                           of the filing of any Lien for unpaid Taxes against any Loan Party in an amount in excess of $1,000,000; and

 

 

(i)                               of any casualty or other insured damage to any material portion of the Collateral or the commencement of any action or proceeding for the taking of any interest in a material portion of the Collateral under power of eminent domain or by condemnation or similar proceeding or if any material portion of the Collateral is damaged or destroyed; and

 

provided that, the failure to deliver any notice required pursuant to clauses (d), (e) and (f) above shall not constitute an Event of Default to the extent such notice was included in any 34 Act Reports filed promptly after the occurrence of the event requiring the delivery of such notice.  Each notice pursuant to this Section 6.03 shall be accompanied by a statement of a Responsible Officer of the Lead Borrower setting forth details of the occurrence referred to therein and stating what action the Lead Borrower has taken and proposes to take with respect thereto.  Each notice pursuant to Section 6.03(a) shall describe with particularity any and all provisions of this Agreement and any other Loan Document that have been breached.

 

6.04                                                Payment of Obligations.  Pay and discharge as the same shall become due and payable, all its obligations and liabilities, including (a) all tax liabilities, assessments and governmental charges or levies upon it or its properties or assets, (b) all lawful claims (including, without limitation, claims of landlords, warehousemen, customs brokers, and carriers) which, if unpaid, would by law become a Lien upon its property; and (c) all Indebtedness, as and when due and payable, but subject to any subordination provisions contained in any instrument or agreement evidencing such Indebtedness, except, in each case, where (a) such obligation is being disputed in good faith, (b) such Loan Party has set aside on its books adequate reserves with respect thereto in accordance with GAAP, (c) no Lien has been filed with respect thereto (other than Permitted Encumbrances under clause (a) of the definition thereof) and (d) the failure to make payment pending such contest could not reasonably be expected to result in a Material Adverse Effect.  Nothing contained herein shall be deemed to limit the rights of the Administrative Agent with respect to establishing Reserves pursuant to this Agreement.

 

6.05                                                Preservation of Existence, Etc.  (a) Preserve, renew and maintain in full force and effect its legal existence and good standing under the Laws of the jurisdiction of its organization or formation except in a transaction permitted by Section 7.04 or 7.05; (b) take all reasonable action to maintain all rights, privileges, permits, licenses and franchises necessary or desirable in the normal conduct of its business, except to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect; and (c) preserve or renew all of its Intellectual Property, except to the extent such Intellectual Property is no longer used or useful in the conduct of the business of the Loan Parties.

 

6.06                                                Maintenance of Properties  (a) Maintain, preserve and protect all of its material properties and equipment necessary in the operation of its business in good working order and condition, ordinary wear and tear excepted; and (b) make all necessary repairs thereto and renewals and replacements thereof except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.

 

6.07                                                Maintenance of Insurance.  Maintain with financially sound and reputable insurance companies reasonably acceptable to the Administrative Agent not Affiliates of the Loan Parties (other than Colchester Insurance Company), insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business and operating in the same or similar locations or as is required by applicable Law, of such types and in such amounts as are customarily carried under similar circumstances by such other Persons and as are reasonably acceptable to the Administrative Agent.

 

 

(a)                                  Fire and extended coverage policies maintained with respect to any Collateral shall be endorsed or otherwise amended to include (i) a lenders’ loss payable clause (regarding personal property), in form and substance satisfactory to the Collateral Agent, which provides that the insurer shall pay all proceeds attributable to any Collateral (which proceeds are not used by the Loan Parties as provided for in the definition of Prepayment Event) otherwise payable to the Loan Parties under the policies directly to the Collateral Agent and (ii) a provision to the effect that none of the Loan Parties, Credit Parties or any other Person shall be a co-insurer.  Commercial general liability policies shall be endorsed to name the Collateral Agent as an additional insured.  Each such policy referred to in this Section 6.07(a) shall also provide that it shall not be canceled, modified or not renewed (i) by reason of nonpayment of premium except upon not less than thirty (30) days’ prior written notice thereof by the insurer to the Collateral Agent (giving the Collateral Agent the right to cure defaults in the payment of premiums) or (ii) for any other reason except upon not less than thirty (30) days’ prior written notice thereof by the insurer to the Collateral Agent.  The Lead Borrower shall deliver to the Collateral Agent, prior to the cancellation, modification or non-renewal of any such policy of insurance, a copy of a renewal or replacement policy (or other evidence of renewal of a policy previously delivered to the Collateral Agent, including an insurance binder) together with evidence satisfactory to the Collateral Agent of payment of the premium therefor.

 

(b)                                 None of the Credit Parties, or their agents or employees shall be liable for any loss or damage insured by the insurance policies required to be maintained under this Section 6.07.  Each Loan Party shall look solely to its insurance companies or any other parties other than the Credit Parties for the recovery of such loss or damage and such insurance companies shall have no rights of subrogation against any Credit Party or its agents or employees.  If, however, the insurance policies do not provide waiver of subrogation rights against such parties, as required above, then the Loan Parties hereby agree, to the extent permitted by law, to waive their right of recovery, if any, against the Credit Parties and their agents and employees.  The designation of any form, type or amount of insurance coverage by the any Credit Party under this Section 6.07 shall in no event be deemed a representation, warranty or advice by such Credit Party that such insurance is adequate for the purposes of the business of the Loan Parties or the protection of their properties.

 

(c)                                  Maintain for themselves and their Subsidiaries, a Directors and Officers insurance policy, and a “Blanket Crime” policy including employee dishonesty, forgery or alteration, theft, disappearance and destruction, robbery and safe burglary, property, and computer fraud coverage with responsible companies in such amounts as are customarily carried by business entities engaged in similar businesses similarly situated, and will upon request by the Administrative Agent furnish the Administrative Agent certificates evidencing renewal of each such policy.

 

(d)                                 Permit any representatives that are designated by the Collateral Agent to inspect the insurance policies maintained by or on behalf of the Loan Parties and to inspect books and records related thereto and any properties covered thereby, all at the Loan Parties’ expense.

 

6.08                                                Compliance with Laws.  Comply in all material respects with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its business or property, except in such instances in which the failure to comply therewith could not reasonably be expected to have a Material Adverse Effect.

 

6.09                                                Books and Records; Accountants.

 

(a)                                  Maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Loan Parties or such Subsidiary, as the case may be; and (ii) maintain such books of record and account in material conformity 

 

 

with all applicable requirements of any Governmental Authority having regulatory jurisdiction over the Loan Parties or such Subsidiary, as the case may be.

 

(b)                                 At all times, retain a Registered Public Accounting Firm which is reasonably satisfactory to the Administrative Agent and instruct such Registered Public Accounting Firm to cooperate with, and be available to, the Administrative Agent or its representatives to discuss the Loan Parties’ financial performance, financial condition, operating results, controls, and such other matters, within the scope of the retention of such Registered Public Accounting Firm, as may be raised by the Administrative Agent.

 

6.10                                                Inspection Rights.

 

(a)                                  Permit representatives and independent contractors of the Administrative Agent to visit and inspect any of its properties, to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss its affairs, finances and accounts with its directors, officers, and Registered Public Accounting Firm, all at the expense of the Loan Parties and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the Lead Borrower; provided, however, that when an Event of Default exists the Administrative Agent (or any of its representatives or independent contractors) may do any of the foregoing, and may be accompanied by the Arrangers, all at the expense (including any expenses incurred by the Arrangers) of the Loan Parties at any time during normal business hours and without advance notice.

 

(b)                                 The Loan Parties acknowledge that (A) subject to clause (B) below, the Administrative Agent shall undertake at the Loan Parties’ expense up to two (2) inventory appraisals and two (2) commercial finance examinations each Fiscal Year and (B) if Availability (calculated, for purposes of this Section 6.10(b), without giving effect to the Availability Block) is at any time less than or equal to twenty-five percent (25%) of the lesser of (x) the Aggregate Commitments and (y) the Borrowing Base, the Administrative Agent shall undertake at the Loan Parties’ expense up to three (3) inventory appraisals and three (3) commercial finance examinations each Fiscal Year.  Notwithstanding the foregoing, the Administrative Agent may cause additional appraisals and commercial finance examinations to be undertaken (i) as it in its discretion deems necessary or appropriate, at its own expense or, (ii) if required by applicable Law or if an Event of Default shall have occurred and be continuing, at the expense of the Loan Parties.

 

6.11                                                Use of Proceeds. Use the proceeds of the Credit Extensions (a) to refinance the Indebtedness of the Lead Borrower and its Subsidiaries under the Existing Credit Agreement, (b) to finance the acquisition of working capital assets of the Borrowers, including the purchase of inventory and equipment, in each case in the ordinary course of business, (c) to finance Capital Expenditures of the Borrowers, and (d) for general corporate purposes of the Loan Parties, in each case to the extent permitted under applicable Law and the Loan Documents.

 

6.12                                                Additional Loan Parties.  Notify the Administrative Agent at the time that any Person becomes a Subsidiary, and promptly thereafter (and in any event within fifteen (15) days), cause any such Person (a) to become a Loan Party by executing and delivering to the Administrative Agent a Joinder to this Agreement or a counterpart of the Facility Guaranty or such other document as the Administrative Agent shall deem appropriate for such purpose, (ii) grant a Lien to the Collateral Agent on such Person’s assets to secure the Obligations, and (iii) deliver to the Administrative Agent documents of the types referred to in clauses (iii) and (iv) of Section 4.01(a) and favorable opinions of counsel to such Person (which shall cover, among other things, the legality, validity, binding effect and enforceability of the documentation referred to in this Section 6.12, and (b) if any Equity Interests or Indebtedness of such Person are owned by or on behalf of a Loan Party, to pledge such Equity 

 

 

Interests and promissory notes evidencing such Indebtedness, in each case, in form, content and scope reasonably satisfactory to the Administrative Agent.  In no event shall compliance with this Section 6.12 waive or be deemed a waiver or consent to any transaction giving rise to the need to comply with this Section 6.12 if such transaction was not otherwise expressly permitted by this Agreement or constitute or be deemed to constitute, with respect to any Subsidiary, an approval of such Person as a Borrower or permit the inclusion of any acquired assets in the computation of the Borrowing Base.

 

6.13                                                Cash Management.

 

(a)                                  On or prior to the Closing Date (or such later date as the Administrative Agent, in its sole discretion, may agree in writing prior to the Closing Date):

 

(i)                                     deliver to the Administrative Agent copies of notifications (each, a “DDA Notification”) substantially in the form attached hereto as Exhibit I which have been executed on behalf of such Loan Party and delivered to each depository institution listed on Schedule 5.21(a);

 

(ii)                                  deliver to the Administrative Agent copies of notifications (each, a “Credit Card Notification”) substantially in the form attached hereto as Exhibit J which have been executed on behalf of such Loan Party and delivered to such Loan Party’s credit card clearinghouses and processors listed on Schedule 5.21(b); and

 

(iii)                               enter into a Blocked Account Agreement satisfactory in form and substance to the Agents with each Blocked Account Bank (collectively, the “Blocked Accounts”).

 

(b)                                 The Loan Parties shall ACH or wire transfer no less frequently than daily (and whether or not there are then any outstanding Obligations) to a Blocked Account all amounts on deposit in each such DDA and all payments due from credit card processors.

 

(c)                                  Each Blocked Account Agreement shall require, after the occurrence and during the continuance of a Liquidity Event, the ACH or wire transfer no less frequently than daily (and whether or not there are then any outstanding Obligations) to the concentration account maintained by the Administrative Agent at Bank of America (the “Concentration Account”), of all cash receipts and collections, including, without limitation, the following:

 

(i)                                     all available cash receipts from the sale of Inventory and other assets;

 

(ii)                                  all proceeds of collections of Accounts;

 

(iii)                               all Net Proceeds, and all other cash payments received by a Loan Party from any Person or from any source or on account of any sale or other transaction or event, including, without limitation, any Prepayment Event;

 

(iv)                              the then contents of each DDA (net of any minimum balance, not to exceed $2,500.00, as may be required to be kept in the subject DDA by the depository institution at which such DDA is maintained);

 

(v)                                 the then entire ledger balance of each Blocked Account (net of any minimum balance, not to exceed $2,500.00, as may be required to be kept in the subject Blocked Account by the applicable Blocked Account Bank); and

 

 

(vi)                              the proceeds of all credit card charges.

 

(d)                                 The Concentration Account shall at all times be under the sole dominion and control of the Collateral Agent.  The Loan Parties hereby acknowledge and agree that (i) the Loan Parties have no right of withdrawal from the Concentration Account, (ii) the funds on deposit in the Concentration Account shall at all times be collateral security for all of the Obligations and (iii) the funds on deposit in the Concentration Account shall be applied as provided in this Agreement.  In the event that, notwithstanding the provisions of this Section 6.13, any Loan Party receives or otherwise has dominion and control of any such proceeds or collections, such proceeds and collections shall be held in trust by such Loan Party for the Administrative Agent, shall not be commingled with any of such Loan Party’s other funds or deposited in any account of such Loan Party and shall, not later than the Business Day after receipt thereof, be deposited into the Concentration Account or dealt with in such other fashion as such Loan Party may be instructed by the Administrative Agent.

 

(e)                                  Upon the request of the Administrative Agent, the Loan Parties shall cause bank statements and/or other reports to be delivered to the Administrative Agent not less often than monthly, accurately setting forth all amounts deposited in each Blocked Account to ensure the proper transfer of funds as set forth above.

 

6.14                                                Information Regarding the Collateral.

 

(a)                                  Furnish to the Administrative Agent at least thirty (30) days prior written notice of any change in: (i) any Loan Party’s name or in any trade name used to identify it in the conduct of its business or in the ownership of its properties; (ii) the location of any Loan Party’s chief executive office, its principal place of business, any office in which it maintains books or records relating to Collateral owned by it or any office or facility at which Collateral owned by it is located (including the establishment of any such new office or facility); (iii) any Loan Party’s organizational structure or jurisdiction of incorporation or formation; or (iv) any Loan Party’s Federal Taxpayer Identification Number or organizational identification number assigned to it by its state of organization.

 

(b)                                 Should any of the information on any of the Schedules hereto become inaccurate or misleading in any material respect as a result of changes after the Closing Date, unless such changes are included in 34 Act Reports delivered to the Administrative Agent, the Lead Borrower shall advise the Administrative Agent in writing of such revisions or updates as may be necessary or appropriate to update or correct the same.  From time to time as may be reasonably requested by the Administrative Agent, the Lead Borrower shall supplement each Schedule hereto, or any representation herein or in any other Loan Document, with respect to any matter arising after the Closing Date that, if existing or occurring on the Closing Date, would have been required to be set forth or described in such Schedule or as an exception to such representation or that is necessary to correct any information in such Schedule or representation which has been rendered inaccurate thereby (and, in the case of any supplements to any Schedule, such Schedule shall be appropriately marked to show the changes made therein).  Notwithstanding the foregoing, no supplement or revision to any Schedule or representation shall be deemed the Credit Parties’ consent to the matters reflected in such updated Schedules or revised representations nor permit the Loan Parties to undertake any actions otherwise prohibited hereunder or fail to undertake any action required hereunder from the restrictions and requirements in existence prior to the delivery of such updated Schedules or such revision of a representation; nor shall any such supplement or revision to any Schedule or representation be deemed the Credit Parties’ waiver of any Default or Event of Default resulting from the matters disclosed therein.

 

 

6.15                                                Physical Inventories.

 

(a)                                  Cause at least one (1) physical inventory to be undertaken in each twelve month period on a rolling basis with respect to all Inventory locations, at the expense of the Loan Parties, and periodic cycle counts, in each case consistent with past practices, conducted by such inventory takers as are satisfactory to the Collateral Agent and following such methodology as is consistent with the methodology used in the immediately preceding inventory or as otherwise may be satisfactory to the Collateral Agent. The Collateral Agent, at the expense of the Loan Parties, may participate in and/or observe each scheduled physical count of Inventory which is undertaken on behalf of any Loan Party.   The Lead Borrower, (i) within twenty (20) days following the completion of such inventory (with respect to any location, as and when completed at such location), shall post such results to the Loan Parties’ stock ledgers and general ledgers, as applicable and (ii) on a quarterly basis, concurrently with the delivery of the financial statements referred to in Section 6.01(b), shall provide the Collateral Agent with a reconciliation of the results of such inventory (as well as of any other physical inventory or cycle counts undertaken by a Loan Party)

 

(b)                                 The Collateral Agent, in its Permitted Discretion, if any Default or Event of Default exists, may cause additional such inventories to be taken as the Collateral Agent determines (each, at the expense of the Loan Parties).

 

6.16                                                Environmental Laws.  (a) Conduct its operations and keep and maintain its Real Estate in material compliance with all Environmental Laws and environmental permits; (b) obtain and renew all environmental permits necessary for its operations and properties; and (c) implement any and all investigation, remediation, removal and response actions that are appropriate or necessary to maintain the value and marketability of the Real Estate or to otherwise comply with Environmental Laws pertaining to any of its Real Estate, provided, however, that neither a Loan Party nor any of its Subsidiaries shall be required to undertake any such cleanup, removal, remedial or other action to the extent that its obligation to do so is being contested in good faith and by proper proceedings and adequate reserves have been set aside and are being maintained by the Loan Parties with respect to such circumstances in accordance with GAAP.

 

6.17                                                Further Assurances.

 

(a)                                  Execute any and all further documents, financing statements, agreements and instruments, and take all such further actions (including the filing and recording of financing statements and other documents), that may be required under any applicable Law, or which any Agent may request, to effectuate the transactions contemplated by the Loan Documents or to grant, preserve, protect or perfect the Liens created or intended to be created by the Security Documents or the validity or priority of any such Lien, all at the expense of the Loan Parties. The Loan Parties also agree to provide to the Agents, from time to time upon request, evidence satisfactory to the Agents as to the perfection and priority of the Liens created or intended to be created by the Security Documents.

 

(b)                                 If any material assets which would otherwise constitute Collateral are acquired by any Loan Party after the Closing Date (other than assets constituting Collateral under the applicable Security Agreement that become subject to the Lien of such Security Agreement upon acquisition thereof), the Lead Borrower will notify the Agents and the Lenders thereof, and will cause such assets to be subjected to a Lien securing the Obligations and will take such actions as shall be necessary or reasonably requested by any Agent to grant and perfect such Liens, including actions described in paragraph (a) of this Section, all at the expense of the Loan Parties.

 

 

6.18                                                Compliance with Terms of Leaseholds.

 

Except as otherwise expressly permitted hereunder, make all payments and otherwise perform all obligations in respect of all Leases of real property to which any Loan Party or any of its Subsidiaries is a party, keep such Leases in full force and effect and not allow such Leases to lapse or be terminated or any rights to renew such Leases to be forfeited or cancelled, notify the Administrative Agent of any default by any party with respect to such Leases and cooperate with the Administrative Agent in all respects to cure any such default, and cause each of its Subsidiaries to do so, except, in any case, where the failure to do so, either individually or in the aggregate, could not be reasonably likely to have a Material Adverse Effect.

 

6.19                                                Material Contracts.  Perform and observe all the terms and provisions of each Material Contract to be performed or observed by it, maintain each such Material Contract in full force and effect, enforce each such Material Contract in accordance with its terms, take all such action to such end as may be from time to time requested by the Administrative Agent and, upon request of the Administrative Agent, make to each other party to each such Material Contract such demands and requests for information and reports or for action as any Loan Party or any of its Subsidiaries is entitled to make under such Material Contract, and cause each of its Subsidiaries to do so, except, in any case, where the failure to do so, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

 

6.20                                                Term Loan Indebtedness.The Borrowers shall either (i) repay or, subject to the restrictions set forth in clause (a) of the definition of Permitted Indebtedness, refinance, the Indebtedness with respect to the Term Loan at least sixty (60) days prior to the maturity of such Indebtedness, or (ii) enter into an agreement with the holders of such Indebtedness, at least sixty (60) days prior to the maturity of such Indebtedness, extending the maturity of such obligations to a date that is subsequent to the Maturity Date and otherwise acceptable to the Administrative Agent.

 

ARTICLE VII
 NEGATIVE COVENANTS

 

So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation hereunder shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding, no Loan Party shall, nor shall it permit any Subsidiary to, directly or indirectly:

 

7.01                                                Liens.  Create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired or sign or file or suffer to exist under the UCC or any similar Law or statute of any jurisdiction a financing statement that names any Loan Party or any Subsidiary thereof as debtor; sign or suffer to exist any security agreement authorizing any Person thereunder to file such financing statement; sell any of its property or assets subject to an understanding or agreement (contingent or otherwise) to repurchase such property or assets with recourse to it or any of its Subsidiaries; or assign or otherwise transfer any accounts or other rights to receive income, other than, as to all of the above, Permitted Encumbrances.

 

7.02                                                Investments.  Make any Investments, except Permitted Investments.

 

7.03                                                Indebtedness; Disqualified Stock.   Issue Disqualified Stock or create, incur, assume, guarantee, suffer to exist, issue or otherwise become or remain liable with respect to, any Indebtedness, except Permitted Indebtedness.

 

7.04                                                Fundamental Changes.  Merge, dissolve, liquidate, consolidate with or into another Person, (or agree to do any of the foregoing), except that, so long as no Default or Event of 

 

 

Default shall have occurred and be continuing prior to or immediately after giving effect to any action described below or would result therefrom:

 

(a)                            any Subsidiary may merge with (i) a Loan Party, provided that the Loan Party shall be the continuing or surviving Person, or (ii) any one or more other Subsidiaries, provided that when any wholly-owned Subsidiary is merging with another Subsidiary, the wholly-owned Subsidiary shall be the continuing or surviving Person; and

 

(b)                           in connection with a Permitted Acquisition, any Subsidiary of a Loan Party may merge with or into or consolidate with any other Person or permit any other Person to merge with or into or consolidate with it; provided that (i) the Person surviving such merger shall be a wholly-owned Subsidiary of a Loan Party and (ii) in the case of any such merger to which any Loan Party is a party, such Loan Party is the surviving Person.

 

7.05                                                Dispositions.   Make any Disposition except Permitted Dispositions.

 

7.06                                                Restricted Payments.   Declare or make, directly or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so, except that, so long as no Default or Event of Default shall have occurred and be continuing prior to or immediately after giving effect to any action described below or would result therefrom:

 

(a)                                  each Subsidiary of a Loan Party may make Restricted Payments to any Loan Party;

 

(b)                                 the Loan Parties and each Subsidiary may declare and make dividend payments or other distributions payable solely in the common stock or other common Equity Interests of such Person; and

 

(c)                                  the Lead Borrower may repurchase, redeem or otherwise acquire Equity Interests issued by it, or declare or pay cash dividends to its stockholders up to the aggregate amount of $15,000,000 during any Fiscal Year if, after giving effect to such transaction or payment, Pro Forma Excess Availability will be equal to or greater than thirty-five percent (35%) of the lesser of (i) the Aggregate Commitments and (ii) the Borrowing Base; provided that, the Lead Borrower may repurchase, redeem or otherwise acquire Equity Interests issued by it, or declare or pay cash dividends to its stockholders in excess of the aggregate amount of $15,000,000 during any Fiscal Year if, after giving effect to such transaction or payment, the Payment Conditions are satisfied.

 

7.07                                                Prepayments of Indebtedness.   Prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner any Indebtedness, or make any payment in violation of any subordination terms of any Subordinated Indebtedness except:

 

(a)                                  as long as no Default or Event of Default then exists or would arise therefrom,  regularly scheduled or mandatory repayments, repurchases, redemptions or defeasances of Permitted Indebtedness (other than on account of Subordinated Indebtedness);

 

(b)                                 as long as no Default or Event of Default then exists or would arise therefrom,  voluntary prepayments, repurchases, redemptions or defeasances of Permitted Indebtedness (including on account of any Subordinated Indebtedness) solely to the extent made with the Net Proceeds from sales of Real Estate in accordance with clause (h) of the definition of Permitted Dispositions;

 

 

(c)                                  voluntary prepayments, repurchases, redemptions or defeasances of Permitted Indebtedness (including on account of any Subordinated Indebtedness) (i) as long as no Default or Event of Default then exists or would arise therefrom, up to the aggregate amount of $75,000,000 during any Fiscal Year if, after giving effect to any such payment, Pro Forma Excess Availability will be equal to or greater than thirty-five percent (35%) of the lesser of (A) the Aggregate Commitments and (B) the Borrowing Base and (ii) in excess of the aggregate amount of $75,000,000 during any Fiscal Year if, after giving effect to any such payment, the Payment Conditions are satisfied; and

 

(d)                                 subject to the restrictions set forth in clause (a) of the definition of Permitted Indebtedness, refinancings and refundings of such Indebtedness.

 

7.08                                                Change in Nature of Business

 

Engage in any line of business substantially different from the Business conducted by the Loan Parties and their Subsidiaries on the date hereof or any business substantially related or incidental thereto.

 

7.09                                                Transactions with Affiliates.  Enter into, renew, extend or be a party to any transaction of any kind with any Affiliate of any Loan Party, whether or not in the ordinary course of business, other than on fair and reasonable terms substantially as favorable to the Loan Parties or such Subsidiary as would be obtainable by the Loan Parties or such Subsidiary at the time in a comparable arm’s length transaction with a Person other than an Affiliate, provided that the foregoing restriction shall not apply to a transaction between or among the Loan Parties not prohibited hereunder.

 

7.10                                                Burdensome Agreements.  Enter into or permit to exist any Contractual Obligation (other than this Agreement or any other Loan Document) that (a) limits the ability (i) of any Subsidiary to make Restricted Payments or other distributions to any Loan Party or to otherwise transfer property to or invest in a Loan Party, (ii) of any Subsidiary to Guarantee the Obligations, (iii) of any Subsidiary to make or repay loans to a Loan Party, or (iv) of the Loan Parties or any Subsidiary to create, incur, assume or suffer to exist Liens on property of such Person in favor of the Collateral Agent; provided, however, that this clause (iv) shall not prohibit any negative pledge incurred or provided in favor of any holder of Indebtedness permitted under clause (c) of the definition of Permitted Indebtedness solely to the extent any such negative pledge relates to the property financed by or the subject of such Indebtedness; or (b) requires the grant of a Lien to secure an obligation of such Person if a Lien is granted to secure another obligation of such Person.

 

7.11                                                Use of Proceeds.  Use the proceeds of any Credit Extension, whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund Indebtedness originally incurred for such purpose.

 

7.12                                                Amendment of Material Documents.   Amend, modify or waive any of a Loan Party’s rights under (a) its Organization Documents in a manner materially adverse to the Credit Parties, or (b) any Material Contract or Material Indebtedness (other than on account of any refinancing thereof otherwise permitted hereunder), in each case to the extent that such amendment, modification or waiver would be reasonably likely to have a Material Adverse Effect.

 

 

7.13                                                Corporate Name; Fiscal Year.

 

(a)                            Change the Fiscal Year of any Loan Party, or the accounting policies or reporting practices of the Loan Parties, except as required by GAAP.

 

(b)                           Effect or permit any change referred to in Section 6.14(a) unless (i) the Collateral Agent’s written acknowledgement that all filings have been made under the UCC or otherwise that are required in order for the Collateral Agent to continue at all times following such change to have a valid, legal and perfected first priority security interest in all the Collateral for its own benefit and the benefit of the other Credit Parties, and (ii) after giving effect to any change to the location of the Collateral, all Collateral shall be located within the continental United States.

 

7.14                                                Deposit Accounts; Credit Card Processors.  Open new DDAs or Blocked Accounts, or enter into agreements with any credit card processors, unless the Loan Parties shall have delivered to the Collateral Agent appropriate Blocked Account Agreements or Credit Card Notifications, as appropriate, consistent with the provisions of Section 6.13 and otherwise reasonably satisfactory to the Administrative Agent.  Except as permitted hereby, no Loan Party shall maintain any bank accounts or enter into any agreements with credit card processors other than the ones expressly contemplated herein or in Section 6.13 hereof.

 

7.15                                                Consolidated Fixed Charge Coverage Ratio.    During the continuance of a Covenant Compliance Event, permit the Consolidated Fixed Charge Coverage Ratio, calculated as of the last day of each month for any Measurement Period, to be less than 1.1:1.0.

 

ARTICLE VIII
 EVENTS OF DEFAULT AND REMEDIES

 

8.01                                                Events of Default.  Any of the following shall constitute an Event of Default:

 

(a)                            Non-Payment.  The Borrowers or any other Loan Party fails to pay when and as required to be paid herein, (i) any amount of principal of any Loan or any L/C Obligation, or deposit any funds as Cash Collateral in respect of L/C Obligations, or (ii) any interest on any Loan or on any L/C Obligation, or any fee due hereunder, which failure continues for three (3) calendar days, or (iii) any other amount payable hereunder or under any other Loan Document, which failure continues for three (3) calendar days; or

 

(b)                           Specific Covenants.  (i) Any Loan Party fails to perform or observe any term, covenant or agreement contained in any of Section 6.01, 6.02, 6.03, 6.05, 6.07, 6.10, 6.11,  6.12, 6.13 or 6.14 or Article VII; or

 

(c)                            Other Defaults.  Any Loan Party fails to perform or observe any other covenant or agreement (not specified in subsection (a) or (b) above) contained in any Loan Document on its part to be performed or observed and such failure continues for twenty (20) days; or

 

(d)                           Representations and Warranties.  Any representation, warranty, certification or statement of fact made or deemed made by or on behalf of any Borrower or any other Loan Party herein, in any other Loan Document, or in any document delivered in connection herewith or therewith (including, without limitation, any Borrowing Base Certificate) shall be incorrect or misleading in any material respect when made or deemed made; or

 

(e)                            Cross-Default.  (i) Any Loan Party or any Subsidiary thereof (A) fails to make any payment when due (whether by scheduled maturity, required prepayment, acceleration, 

 

 

demand, or otherwise) in respect of any Material Indebtedness (including undrawn committed or available amounts and including amounts owing to all creditors under any combined or syndicated credit arrangement) or Guarantee, or (B) fails to observe or perform any other agreement or condition relating to any such Material Indebtedness or Guarantee or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which default or other event is to cause (or to permit the holder or holders of such Material Indebtedness or the beneficiary or beneficiaries of any Guarantee thereof (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if required), such Material Indebtedness to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such Material Indebtedness to be made, prior to its stated maturity, or such Guarantee to become payable or cash collateral in respect thereof to be demanded; or (ii) there occurs under any Swap Contract an Early Termination Date (as defined in such Swap Contract) resulting from (A) any event of default under such Swap Contract as to which a Loan Party or any Subsidiary thereof is the Defaulting Party (as defined in such Swap Contract) or (B) any Termination Event (as so defined) under such Swap Contract as to which a Loan Party or any Subsidiary thereof is an Affected Party (as so defined) and, in either event, the Swap Termination Value owed by the Loan Party or such Subsidiary as a result thereof is greater than $10,000,000; or

 

(f)                              Insolvency Proceedings, Etc.  Any Loan Party or any of its Subsidiaries institutes or consents to the institution of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for all or any material part of its property; or a proceeding shall be commenced or a petition filed, without the application or consent of such Person, seeking or requesting the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed and the appointment continues undischarged, undismissed or unstayed for 45 calendar days or an order or decree approving or ordering any of the foregoing shall be entered; or any proceeding under any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted without the consent of such Person and continues undismissed or unstayed for forty-five (45) calendar days, or an order for relief is entered in any such proceeding; or

 

(g)                           Inability to Pay Debts; Attachment.  (i) Any Loan Party or any Subsidiary thereof becomes unable or admits in writing its inability or fails generally to pay its debts as they become due in the ordinary course of business, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within thirty (30) days after its issue or levy; or

 

(h)                           Judgments.  There is entered against any Loan Party or any Subsidiary thereof (i) one or more judgments or orders for the payment of money in an aggregate amount (as to all such judgments and orders) exceeding $5,000,000 (to the extent not covered by independent third-party insurance as to which the insurer is rated at least “A” by A.M. Best Company, has been notified of the potential claim and does not dispute coverage), or (ii) any one or more non-monetary judgments that have, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and, in either case, (A) enforcement proceedings are commenced by any creditor upon such judgment or order, or (B) there is a period of thirty (30) consecutive days during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, is not in effect; or

 

 

(i)                               ERISA.  (i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan which has resulted or could reasonably be expected to result in liability of any Loan Party under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount in excess of $5,000,000 or which would reasonably likely result in a Material Adverse Effect, or (ii) a Loan Party or any ERISA Affiliate fails to pay when due, after the expiration of any applicable grace period, any installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan in an aggregate amount in excess of $5,000,000 or which would reasonably likely result in a Material Adverse Effect; or

 

(j)                               Invalidity of Loan Documents.  (i)  Any provision of any Loan Document, at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or thereunder or satisfaction in full of all the Obligations, ceases to be in full force and effect; or any Loan Party or any other Person contests in any manner the validity or enforceability of any provision of any Loan Document; or any Loan Party denies that it has any or further liability or obligation under any provision of any Loan Document, or purports to revoke, terminate or rescind any provision of any Loan Document or seeks to avoid, limit or otherwise adversely affect any Lien purported to be created under any Security Document; or (ii) any Lien purported to be created under any Security Document shall cease to be, or shall be asserted by any Loan Party or any other Person not to be, a valid and perfected Lien on any Collateral, with the priority required by the applicable Security Document; or

 

(k)                            Change of Control.  There occurs any Change of Control; or

 

(l)                               Cessation of Business.  Except as otherwise expressly permitted hereunder, any Loan Party shall take any action to suspend the operation of its business in the ordinary course, liquidate all or a material portion of its assets or Store locations, or employ an agent or other third party to conduct a program of closings, liquidations or “Going-Out-Of-Business” sales of any material portion of its business; or

 

(m)                         Loss of Collateral.  There occurs any uninsured loss to any material portion of the Collateral; or

 

(n)                           Breach of Contractual Obligation.  Any Loan Party or any Subsidiary thereof fails to make any payment when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Material Contract or fails to observe or perform any other agreement or condition relating to any such Material Contract or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which default or other event is to cause, or to permit the counterparty to such Material Contract to terminate such Material Contract; or

 

(o)                           Indictment.  (i) Any Loan Party is (A) criminally indicted or convicted of a felony for fraud or dishonesty in connection with the Loan Parties’ business, or (B) charged by a Governmental Authority under any law that would reasonably be expected to lead to forfeiture of any material portion of Collateral, or (ii) any director or senior officer of any Loan Party is (A) criminally indicted or convicted of a felony for fraud or dishonesty in connection with the Loan Parties’ business, unless such director or senior officer promptly resigns or is removed or replaced or (B) charged by a Governmental Authority under any law that would reasonably be expected to lead to forfeiture of any material portion of Collateral;

 

 

(p)                           Guaranty.  The termination or attempted termination of any Facility Guaranty except as expressly permitted hereunder or under any other Loan Document;

 

(q)                           Subordination.  (i)  The subordination provisions of the documents evidencing or governing any Subordinated Indebtedness (the “Subordinated Provisions”) shall, in whole or in part, terminate, cease to be effective or cease to be legally valid, binding and enforceable against any holder of the applicable Subordinated Indebtedness; or (ii) any Borrower or any other Loan Party shall, directly or indirectly, disavow or contest in any manner (A) the effectiveness, validity or enforceability of any of the Subordination Provisions, (B) that the Subordination Provisions exist for the benefit of the Credit Parties, or (C) that all payments of principal of or premium and interest on the applicable Subordinated Indebtedness, or realized from the liquidation of any property of any Loan Party, shall be subject to any of the Subordination Provisions.

 

8.02                                                Remedies Upon Event of Default.  If any Event of Default occurs and is continuing, the Administrative Agent may, or, at the request of the Required Lenders shall, take any or all of the following actions:

 

(a)                            declare the Commitments of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions to be terminated, whereupon such Commitments and obligation shall be terminated;

 

(b)                           declare the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Loan Parties;

 

(c)                            require that the Loan Parties Cash Collateralize the L/C Obligations; and

 

(d)                           whether or not the maturity of the Obligations shall have been accelerated pursuant hereto, proceed to protect, enforce and exercise all rights and remedies of the Credit Parties under this Agreement, any of the other Loan Documents or applicable Law, including, but not limited to, by suit in equity, action at law or other appropriate proceeding, whether for the specific performance of any covenant or agreement contained in this Agreement and the other Loan Documents or any instrument pursuant to which the Obligations are evidenced, and, if such amount shall have become due, by declaration or otherwise, proceed to enforce the payment thereof or any other legal or equitable right of the Credit Parties;

 

provided, however, that upon the entry of an order for relief with respect to any Loan Party or any Subsidiary thereof under the Bankruptcy Code of the United States of America, the obligation of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions shall automatically terminate, the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid shall automatically become due and payable, and the obligation of the Loan Parties to Cash Collateralize the L/C Obligations as aforesaid shall automatically become effective, in each case without further act of the Administrative Agent or any Lender.

 

No remedy herein is intended to be exclusive of any other remedy and each and every remedy shall be cumulative and shall be in addition to every other remedy given hereunder or now or hereafter existing at law or in equity or by statute or any other provision of Law.

 

 

8.03                                                Application of Funds.  After the exercise of remedies provided for in Section 8.02 (or after the Loans have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to Section 8.02), any amounts received on account of the Obligations shall be applied by the Administrative Agent in the following order:

 

First, to payment of that portion of the Obligations (excluding the Other Liabilities) constituting fees, indemnities, Credit Party Expenses and other amounts (including fees, charges and disbursements of counsel to the Administrative Agent and the Collateral Agent and amounts payable under Article III) payable to the Administrative Agent and the Collateral Agent, each in its capacity as such;

 

Second, to payment of that portion of the Obligations (excluding the Other Liabilities) constituting indemnities, Credit Party Expenses, and other amounts (other than principal, interest and fees) payable to the Lenders and the L/C Issuer (including fees, charges and disbursements of counsel to the respective Lenders and the L/C Issuer and amounts payable under Article III), ratably among them in proportion to the amounts described in this clause Second payable to them;

 

Third, to the extent not previously reimbursed by the Lenders, to payment to the Lenders of that portion of the Obligations constituting principal and accrued and unpaid interest on any Permitted Overadvances, ratably among the Lenders in proportion to the amounts described in this clause Third payable to them;

 

Fourth, to the extent that Swing Line Loans have not been refinanced by a Committed Loan, payment to the Swing Line Lender of that portion of the Obligations constituting accrued and unpaid interest on the Swing Line Loans;

 

Fifth, to payment of that portion of the Obligations constituting accrued and unpaid interest on the Loans, L/C Borrowings and other Obligations, and fees (including Letter of Credit Fees), ratably among the Lenders and the L/C Issuer in proportion to the respective amounts described in this clause Fifth payable to them;

 

Sixth, to the extent that Swing Line Loans have not been refinanced by a Committed Loan, to payment to the Swing Line Lender of that portion of the Obligations constituting unpaid principal of the Swing Line Loans;

 

Seventh, to payment of that portion of the Obligations constituting unpaid principal of the Loans and L/C Borrowings, ratably among the Lenders and the L/C Issuer in proportion to the respective amounts described in this clause Seventh held by them;

 

Eighth, to the Administrative Agent for the account of the L/C Issuer, to Cash Collateralize that portion of L/C Obligations comprised of the aggregate undrawn amount of Letters of Credit;

 

Ninth, to payment of all other Obligations (including without limitation the cash collateralization of unliquidated indemnification obligations as provided in Section 10.04, but excluding any Other Liabilities), ratably among the Credit Parties in proportion to the respective amounts described in this clause Ninth held by them

 

 

Tenth, to payment of that portion of the Obligations arising from Cash Management Services, ratably among the Credit Parties in proportion to the respective amounts described in this clause Tenth held by them;

 

Eleventh, to payment of all other Obligations arising from Bank Products, ratably among the Credit Parties in proportion to the respective amounts described in this clause Eleventh held by them; and

 

Last, the balance, if any, after all of the Obligations have been indefeasibly paid in full, to the Loan Parties or as otherwise required by Law.

 

Subject to Section 2.03(c), amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit pursuant to clause Seventh above shall be applied to satisfy drawings under such Letters of Credit as they occur.  If any amount remains on deposit as Cash Collateral after all Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied to the other Obligations, if any, in the order set forth above.

 

ARTICLE IX
 ADMINISTRATIVE AGENT

 

9.01                Appointment and Authority.

 

(a)         Each of the Lenders and the L/C Issuer hereby irrevocably appoints Bank of America to act on its behalf as the Administrative Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto.  The provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders and the L/C Issuer, and no Loan Party or any Subsidiary thereof shall have rights as a third party beneficiary of any of such provisions.

 

(b)         Each of the Lenders (in its capacities as a Lender), Swing Line Lender and the L/C Issuer hereby irrevocably appoints Bank of America as Collateral Agent and authorizes the Collateral Agent to act as the agent of such Lender and the L/C Issuer for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto.  In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Collateral Agent pursuant to Section 9.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Collateral Agent), shall be entitled to the benefits of all provisions of this Article IX and Article X (including Section 10.04(c)), as though such co-agents, sub-agents and attorneys-in-fact were the “collateral agent” under the Loan Documents, as if set forth in full herein with respect thereto.

 

9.02                Rights as a Lender.  The Persons serving as the Agents hereunder shall have the same rights and powers in their capacity as a Lender as any other Lender and may exercise the same as though they were not the Administrative Agent or the Collateral Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Administrative Agent or the Collateral Agent hereunder in its individual 

 

 

capacity.  Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Loan Parties or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent or the Collateral Agent hereunder and without any duty to account therefor to the Lenders.

 

9.03                Exculpatory Provisions.  The Agents shall not have any duties or obligations except those expressly set forth herein and in the other Loan Documents.  Without limiting the generality of the foregoing, the Agents:

 

(a)         shall not be subject to any fiduciary or other implied duties, regardless of whether a Default or an Event of Default has occurred and is continuing;

 

(b)         shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent or the Collateral Agent, as applicable, is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents), provided that no Agent shall be required to take any action that, in its respective opinion or the opinion of its counsel, may expose such Agent to liability or that is contrary to any Loan Document or applicable Law; and

 

(c)         shall not, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Loan Parties or any of their Affiliates that is communicated to or obtained by the Person serving as the Administrative Agent, the Collateral Agent or any of its Affiliates in any capacity.

 

No Agent shall be liable for any action taken or not taken by it (i) with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as such Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 10.01 and 8.02) or (ii) in the absence of its own gross negligence or willful misconduct as determined by a final and non-appealable judgment of a court of competent jurisdiction.

 

The Agents shall not be deemed to have knowledge of any Default unless and until notice describing such Default is given to such Agent by the Loan Parties, a Lender or the L/C Issuer.  In the event that the Agents obtain such actual knowledge or receive such a notice, the Agents shall give prompt notice thereof to each of the other Credit Parties.  Upon the occurrence of an Event of Default, the Agents shall take such action with respect to such Event of Default as shall be reasonably directed by the Required Lenders.  Unless and until the Agents shall have received such direction, the Agents may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to any such  Event of Default as they, or either of them, shall deem advisable in the best interest of the Credit Parties.  In no event shall the Agents be required to comply with any such directions to the extent that any Agent believes that its compliance with such directions would be unlawful.

 

The Agents shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or

 

 

any other agreement, instrument or document or the creation, perfection or priority of any Lien purported to be created by the Security Documents, (v) the value or the sufficiency of any Collateral, or (vi) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Agents.

 

9.04                Reliance by Agents.

 

Each Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including, but not limited to, any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person.  Each Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon.  In determining compliance with any condition hereunder to the making of a Loan, or the issuance of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or the L/C Issuer, the Administrative Agent may presume that such condition is satisfactory to such Lender or the L/C Issuer unless the Administrative Agent shall have received written notice to the contrary from such Lender or the L/C Issuer prior to the making of such Loan or the issuance of such Letter of Credit.  Each Agent may consult with legal counsel (who may be counsel for any Loan Party), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts.

 

9.05                Delegation of Duties.  Each Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by such Agent.  Each Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties.  The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Agents and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as such Agent.

 

9.06                Resignation of Agents.  Either Agent may at any time give written notice of its resignation to the Lenders, the L/C Issuer and the Lead Borrower.  Upon receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with the Lead Borrower, to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States.  If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Agent gives notice of its resignation, then the retiring Agent may on behalf of the Lenders and the L/C Issuer, appoint a successor Administrative Agent or Collateral Agent, as applicable, meeting the qualifications set forth above; provided that if the Administrative Agent or the Collateral Agent shall notify the Lead Borrower and the Lenders that no qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective in accordance with such notice and (a) the retiring Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any Collateral held by the Collateral Agent on behalf of the Lenders or the L/C Issuer under any of the Loan Documents, the retiring Collateral Agent shall continue to hold such collateral security until such time as a successor Collateral Agent is appointed) and (b) all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender and the L/C Issuer directly, until such time as the Required Lenders appoint a successor Administrative Agent as provided for above in this Section 9.06.  Upon the acceptance of a successor’s appointment as Administrative Agent or Collateral Agent, as applicable, hereunder, such successor shall succeed to and become vested with

 

 

all of the rights, powers, privileges and duties of the retiring (or retired) Agent, and the retiring Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this Section 9.06).  The fees payable by the Borrowers to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Lead Borrower and such successor.  After the retiring Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article IX and Section 10.04 shall continue in effect for the benefit of such retiring Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring Agent was acting as Administrative Agent or Collateral Agent hereunder.

 

Any resignation by Bank of America as Administrative Agent pursuant to this Section shall also constitute its resignation as L/C Issuer and Swing Line Lender.  Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer and Swing Line Lender, (b) the retiring L/C Issuer and Swing Line Lender shall be discharged from all of their respective duties and obligations hereunder or under the other Loan Documents, and (c) the successor L/C Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to the retiring L/C Issuer to effectively assume the obligations of the retiring L/C Issuer with respect to such Letters of Credit.

 

9.07                Non-Reliance on Administrative Agent and Other Lenders.  Each Lender and the L/C Issuer acknowledges that it has, independently and without reliance upon the Agents or any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement.  Each Lender and the L/C Issuer also acknowledges that it will, independently and without reliance upon the Agents or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder.  Except as provided in Section 9.12, the Agents shall not have any duty or responsibility to provide any Credit Party with any other credit or other information concerning the affairs, financial condition or business of any Loan Party that may come into the possession of the Agents.

 

9.08                No Other Duties, Etc.  Anything herein to the contrary notwithstanding, none of the Joint Lead Bookrunners, Joint Lead Arrangers, or Co-Syndication Agents listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the Administrative Agent, Collateral Agent, a Lender or the L/C Issuer hereunder.

 

9.09                Administrative Agent May File Proofs of Claim.  In case of the pendency of any proceeding under any Debtor Relief Law or any other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan or L/C Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Loan Parties) shall be entitled and empowered, by intervention in such proceeding or otherwise

 

(a)         to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, L/C Obligations and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the

 

 

claims of the Lenders, the L/C Issuer, the Administrative Agent and the other Credit Parties (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the L/C Issuer, the Administrative Agent, such Credit Parties and their respective agents and counsel and all other amounts due the Lenders, the L/C Issuer the Administrative Agent and such Credit Parties under Sections 2.03(i), 2.03(j) and 2.03(k) as applicable, 2.09 and 10.04) allowed in such judicial proceeding; and

 

(b)         to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same;

 

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender and the L/C Issuer to make such payments to the Administrative Agent and, if the Administrative Agent shall consent to the making of such payments directly to the Lenders and the L/C Issuer, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Sections 2.09 and 10.04.

 

Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender or the L/C Issuer any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or the L/C Issuer or to authorize the Administrative Agent to vote in respect of the claim of any Lender or the L/C Issuer in any such proceeding.

 

9.10                Collateral and Guaranty Matters.  The Credit Parties irrevocably authorize the Agents, at their option and in their discretion,

 

(a)         to release any Lien on any property granted to or held by the Collateral Agent under any Loan Document (i) upon termination of the Aggregate Commitments and payment in full of all Obligations (other than contingent indemnification obligations for which no claim has been asserted) and the expiration or termination of all Letters of Credit or the Cash Collateralization of any L/C Obligations, (ii) that is sold or to be sold as part of or in connection with any sale permitted hereunder or under any other Loan Document, or (iii) if approved, authorized or ratified in writing by the Required Lenders in accordance with Section 10.01;

 

(b)         to subordinate any Lien on any property granted to or held by the Collateral Agent under any Loan Document to the holder of any Lien on such property that is permitted by clause (h) of the definition of Permitted Encumbrances; and

 

(c)         to release any Guarantor from its obligations under the Facility Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder.

 

Upon request by any Agent at any time, the Applicable Lenders will confirm in writing such Agent’s authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations under the Facility Guaranty pursuant to this Section 9.10.  In each case as specified in this Section 9.10, the Agents will, at the Loan Parties’ expense, execute and deliver to the applicable Loan Party such documents as such Loan Party may reasonably request to evidence the release of such item of Collateral from the assignment and security interest granted under the Security Documents or to subordinate its interest in such item, or to release such Guarantor from its obligations under the Facility Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 9.10.

 

 

9.11                Notice of Transfer.

 

The Agents may deem and treat a Lender party to this Agreement as the owner of such Lender’s portion of the Obligations for all purposes, unless and until, and except to the extent, an Assignment and Acceptance shall have become effective as set forth in Section 10.06.

 

9.12                Reports and Financial Statements.

 

By signing this Agreement, each Lender:

 

(a)         agrees to furnish the Administrative Agent upon the occurrence and during the continuance of a Liquidity Event (and thereafter at such frequency as the Administrative Agent may reasonably request) with a summary of all Other Liabilities due or to become due to such Lender. In connection with any distributions to be made hereunder, the Administrative Agent shall be entitled to assume that no amounts are due to any Lender on account of Other Liabilities unless the Administrative Agent has received written notice thereof from such Lender;

 

(b)         is deemed to have requested that the Administrative Agent furnish such Lender, promptly after they become available, copies of all financial statements required to be delivered by the Lead Borrower hereunder and all commercial finance examinations and appraisals of the Collateral received by the Agents (collectively, the “Reports”);

 

(c)         expressly agrees and acknowledges that the Administrative Agent makes no representation or warranty as to the accuracy of the Reports, and shall not be liable for any information contained in any Report;

 

(d)         expressly agrees and acknowledges that the Reports are not comprehensive audits or examinations, that the Agents or any other party performing any audit or examination will inspect only specific information regarding the Loan Parties and will rely significantly upon the Loan Parties’ books and records, as well as on representations of the Loan Parties’ personnel;

 

(e)         agrees to keep all Reports confidential in accordance with the provisions of Section 10.07 hereof; and

 

(f)          without limiting the generality of any other indemnification provision contained in this Agreement, agrees: (i) to hold the Agents and any such other Lender preparing a Report harmless from any action the indemnifying Lender may take or conclusion the indemnifying Lender may reach or draw from any Report in connection with any Credit Extensions that the indemnifying Lender has made or may make to the Borrowers, or the indemnifying Lender’s participation in, or the indemnifying Lender’s purchase of, a Loan or Loans; and (ii) to pay and protect, and indemnify, defend, and hold the Agents and any such other Lender preparing a Report harmless from and against, the claims, actions, proceedings, damages, costs, expenses, and other amounts (including attorney costs) incurred by the Agents and any such other Lender preparing a Report as the direct or indirect result of any third parties who might obtain all or part of any Report through the indemnifying Lender.

 

9.13                Agency for Perfection.

 

Each Lender hereby appoints each other Lender as agent for the purpose of perfecting Liens for the benefit of the Agents and the Lenders, in assets which, in accordance with Article 9 of the UCC or any

 

 

other applicable Law of the United States can be perfected only by possession.  Should any Lender (other than the Agents) obtain possession of any such Collateral, such Lender shall notify the Agents thereof, and, promptly upon the Collateral Agent’s request therefor shall deliver such Collateral to the Collateral Agent or otherwise deal with such Collateral in accordance with the Collateral Agent’s instructions.

 

9.14                Indemnification of Agents.  The Lenders shall indemnify the Agents (to the extent not reimbursed by the Loan Parties and without limiting the obligations of Loan Parties hereunder), ratably according to their Applicable Percentages, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever that may be imposed on, incurred by, or asserted against any Agent in any way relating to or arising out of this Agreement or any other Loan Document or any action taken or omitted to be taken by any Agent in connection therewith; provided, that no Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from such Agent’s gross negligence or willful misconduct as determined by a final and nonappealable judgment of a court of competent jurisdiction.

 

9.15                Relation among Lenders.  The Lenders are not partners or co-venturers, and no Lender shall be liable for the acts or omissions of, or (except as otherwise set forth herein in case of the Agents) authorized to act for, any other Lender.

 

9.16                Defaulting Lender.

 

(a)         If for any reason any Lender shall fail or refuse to abide by its obligations under this Agreement, including without limitation its obligation to make available to Administrative Agent its Applicable Percentage of any Loans, expenses or setoff or purchase its Applicable Percentage of a participation interest in the Swing Line Loans or L/C Borrowings and such failure is not cured within two (2) days of receipt from the Administrative Agent of written notice thereof, then, in addition to the rights and remedies that may be available to the other Credit Parties, the Loan Parties or any other party at law or in equity, and not in limitation thereof, (i) such Defaulting Lender’s right to participate in the administration of, or decision-making rights related to, the Obligations, this Agreement or the other Loan Documents shall be suspended during the pendency of such failure or refusal, (ii) at the Administrative Agent’s option, any and all payments otherwise payable to a Defaulting Lender from the Loan Parties, whether on account of outstanding Loans, interest, fees or otherwise, may be held by the Administrative Agent and readvanced to the Borrowers, the Swing Line Lender or any Issuing Bank  as the Defaulting Lender’s Applicable Percentage of any Borrowing or required funding of a participation in Swing Line Loans or Letters of Credit and (iii) without limiting the provisions of clause (ii), a Defaulting Lender shall be deemed to have assigned any and all payments due to it from the Loan Parties, whether on account of outstanding Loans, interest, fees or otherwise, to the remaining non-Defaulting Lenders for application to, and reduction of, their proportionate shares of all outstanding Obligations until, as a result of application of such assigned payments the Lenders’ respective Applicable Percentages of all outstanding Obligations shall have returned to those in effect immediately prior to such delinquency and without giving effect to the nonpayment causing such delinquency.  The Defaulting Lender’s decision-making and participation rights and rights to payments as set forth in clauses (i), (ii) and (iii) hereinabove shall be restored only upon the payment by the Defaulting Lender of its Applicable Percentage of any Obligations, any participation obligation, or expenses as to which it is delinquent, together with interest thereon at the Default Rate from the date when originally due until the date upon which any such amounts are actually paid.

 

 

(b)         The non-Defaulting Lenders shall also have the right, but not the obligation, in their respective, sole and absolute discretion, to cause the termination and assignment (pro rata, based on the respective Commitments of those Lenders electing to exercise such right), without any further action by the Defaulting Lender for no cash consideration of the Defaulting Lender’s Commitment to fund future Loans; provided that such Defaulting Lender shall be paid the Obligations then owing such Defaulting Lender with respect to any funded portion of its Commitment which is the subject of an assignment hereunder.  Upon any such purchase of the Applicable Percentage of any Defaulting Lender, the Defaulting Lender’s share in future Credit Extensions and its rights under the Loan Documents with respect thereto shall terminate on the date of purchase, and the Defaulting Lender shall promptly execute all documents reasonably requested to surrender and transfer such interest, including, if so requested, an Assignment and Acceptance.

 

(c)         Each Defaulting Lender shall indemnify the Administrative Agent and each non-Defaulting Lender from and against any and all loss, damage or expenses, including but not limited to reasonable attorneys’ fees and funds advanced by the Administrative Agent or by any non-Defaulting Lender, on account of a Defaulting Lender’s failure to timely fund its Applicable Percentage of a Loan or to otherwise perform its obligations under the Loan Documents.

 

ARTICLE X
 MISCELLANEOUS

 

10.01              Amendments, Etc.  No amendment or waiver of any provision of this Agreement or any other Loan Document, and no consent to any departure by any Loan Party therefrom, shall be effective unless in writing signed by the Administrative Agent, with the consent of the Required Lenders, and the Lead Borrower or the applicable Loan Party, as the case may be, and acknowledged by the Administrative Agent, and each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that no such amendment, waiver or consent shall:

 

(a)         extend or, increase the Commitment of any Lender (or reinstate any Commitment terminated pursuant to Section 8.02) without the written consent of such Lender;

 

(b)         postpone any date fixed by this Agreement or any other Loan Document for (i) any payment or mandatory prepayment of principal, interest, fees or other amounts due to the Lenders (or any of them) hereunder or under any of the other Loan Documents without the written consent of each Lender directly and adversely affected thereby, or (ii) any scheduled or mandatory reduction of the Aggregate Commitments hereunder or under any other Loan Document without the written consent of each Lender directly and adversely affected thereby;

 

(c)         reduce the principal of, or the rate of interest specified herein on, any Loan or L/C Borrowing, or (subject to clause (iv) of the second proviso to this Section 10.01) any fees or other amounts payable hereunder or under any other Loan Document; provided, however, that only the consent of the Required Lenders shall be necessary to amend the definition of “Default Rate” or to waive any obligation of the Borrowers to pay interest or Letter of Credit Fees at the Default Rate;

 

(d)         change Section 2.12(e) or Section 8.03 in a manner that would alter the pro rata sharing of payments required thereby without the written consent of each Lender;

 

 

(e)         change any provision of this Section or the definition of “Required Lenders”, or any other provision hereof specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination or grant any consent hereunder, without the written consent of each Lender;

 

(f)          except as expressly permitted hereunder or under any other Loan Document, release, or limit the liability of, any Loan Party without the written consent of each Lender;

 

(g)         except for Permitted Dispositions, release all or substantially all of the Collateral from the Liens of the Security Documents without the written consent of each Lender;

 

(h)         except as provided in Section 2.15, increase the Aggregate Commitments without the written consent of each Lender;

 

(i)          increase the advance rates set forth in the definition of the term “Borrowing Base” without the written consent of each Lender, provided that the foregoing shall not limit (x) the ability of the Super-Majority Required Lenders to modify any other component of the Borrowing Base or (y) the discretion of the Administrative Agent to change, establish or eliminate any Reserves;

 

(j)          modify the definition of Permitted Overadvance so as to increase the amount thereof or, except as provided in such definition, the time period for a Permitted Overadvance without the written consent of each Lender;

 

(k)         except as expressly permitted herein or in any other Loan Document, subordinate the Obligations hereunder or the Liens granted hereunder or under the other Loan Documents on all or substantially all of the Collateral, to any other Indebtedness or Lien, as the case may be without the written consent of each Lender; and

 

(l)          increase the Swing Line Sublimit without the written consent of each Lender;

 

and, provided  further, that (i) no amendment, waiver or consent shall, unless in writing and signed by the L/C Issuer in addition to the Lenders required above, affect the rights or duties of the L/C Issuer under this Agreement or any Issuer Document relating to any Letter of Credit issued or to be issued by it; (ii) no amendment, waiver or consent shall, unless in writing and signed by the Swing Line Lender in addition to the Lenders required above, affect the rights or duties of the Swing Line Lender under this Agreement; (iii) no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent in addition to the Lenders required above, affect the rights or duties of the Administrative Agent under this Agreement or any other Loan Document; (iv) no amendment, waiver or consent shall, unless in writing and signed by the Collateral Agent in addition to the Lenders required above, affect the rights or duties of the Collateral Agent under this Agreement or any other Loan Document, and (v) the Fee Letter may be amended, or rights or privileges thereunder waived, in a writing executed only by the parties thereto.  Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder, except that the Commitment of such Lender may not be increased or extended without the consent of such Lender.

 

If any Lender does not consent (a “Non-Consenting Lender”) to a proposed amendment, waiver, consent or release with respect to any Loan Document that requires the consent of each Lender and that has been approved by the Required Lenders, the Lead Borrower may replace such Non-Consenting Lender in accordance with Section 10.13; provided that such amendment, waiver, consent or release can

 

 

be effected as a result of the assignment contemplated by such Section (together with all other such assignments required by the Lead Borrower to be made pursuant to this paragraph).

 

10.02              Notices; Effectiveness; Electronic Communications.

 

(a)         Notices Generally.  Except in the case of notices and other communications expressly permitted to be given by telephone (and except as provided in subsection (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopier, or electronic communication (subject to clause (b) below) as follows, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows:

 

(i)            if to the Loan Parties, the Agents, the L/C Issuer or the Swing Line Lender, to the address, telecopier number, electronic mail address or telephone number specified for such Person on Schedule 10.02; and

 

(ii)           if to any other Lender, to the address, telecopier number, electronic mail address or telephone number specified in its Administrative Questionnaire.

 

Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices sent by telecopier shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next Business Day for the recipient).  Notices delivered through electronic communications to the extent provided in subsection (b) below, shall be effective as provided in such subsection (b).

 

(b)         Electronic Communications.  Notices and other communications to the Lenders and the L/C Issuer hereunder may be delivered or furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent, provided that the foregoing shall not apply to notices to any Lender or the L/C Issuer pursuant to Article II if such Lender or the L/C Issuer, as applicable, has notified the Administrative Agent that it is incapable of receiving notices under such Article II by electronic communication.  The Administrative Agent or the Lead Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to particular notices or communications.

 

Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgment from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgment), provided that if such notice or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next Business Day for the recipient, and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that such notice or communication is available and identifying the website address therefor.

 

(c)         The Platform.  THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.”  THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE

 

 

ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS.  NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM.  In no event shall the Agents or any of their Related Parties (collectively, the “Agent Parties”) have any liability to any Loan Party, any Lender, the L/C Issuer or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of the Loan Parties’ or the Administrative Agent’s transmission of Borrower Materials through the Internet, except to the extent that such losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by a final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Agent Party; provided, however, that in no event shall any Agent Party have any liability to any Loan Party, any Lender, the L/C Issuer or any other Person for indirect, special, incidental, consequential or punitive damages (as opposed to direct or actual damages).

 

(d)         Change of Address, Etc.  Each of the Loan Parties, the Agents, the L/C Issuer and the Swing Line Lender may change its address, telecopier or telephone number for notices and other communications hereunder by notice to the other parties hereto.  Each other Lender may change its address, telecopier or telephone number for notices and other communications hereunder by notice to the Lead Borrower, the Agents, the L/C Issuer and the Swing Line Lender.  In addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record (i) an effective address, contact name, telephone number, telecopier number and electronic mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender.

 

(e)         Reliance by Agents, L/C Issuer and Lenders.  The Agents, the L/C Issuer and the Lenders shall be entitled to rely and act upon any notices (including telephonic Committed Loan Notices, Conversion/Continuation Notices and Swing Line Loan Notices) purportedly given by or on behalf of the Loan Parties even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof.  The Loan Parties shall indemnify the Agents, the L/C Issuer, each Lender and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of the Loan Parties.  All telephonic notices to and other telephonic communications with the Agents may be recorded by the Agents, and each of the parties hereto hereby consents to such recording.

 

10.03              No Waiver; Cumulative Remedies.  No failure by any Credit Party to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder or under any other Loan Document preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.  The rights, remedies, powers and privileges provided herein and in the other Loan Documents are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law.  Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as a waiver of

 

 

any Default or Event of Default, regardless of whether any Credit Party may have had notice or knowledge of such Default or Event of Default at the time.

 

10.04              Expenses; Indemnity; Damage Waiver.

 

(a)     Costs and Expenses.  The Borrowers shall pay all Credit Party Expenses.

 

(b)     Indemnification by the Loan Parties.  The Loan Parties shall indemnify the Agents (and any sub-agent thereof), each other Credit Party, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless (on an after tax basis) from, any and all losses, claims, causes of action, damages, liabilities, settlement payments, costs, and related expenses (including the fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by any Borrower or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Agents (and any sub-agents thereof) and their Related Parties only, the administration of this Agreement and the other Loan Documents, (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by the L/C Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on or from any property owned or operated by any Loan Party or any of its Subsidiaries, or any Environmental Liability related in any way to any Loan Party or any of its Subsidiaries, (iv) any claims of, or amounts paid by any Credit Party to, a Blocked Account Bank or other Person which has entered into a control agreement with any Credit Party hereunder, or (v) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by any Borrower or any other Loan Party or any of the Loan Parties’ directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto, in all cases, whether or not caused by or arising, in whole or in part, out of the comparative, contributory or sole negligence of the Indemnitee; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee.

 

(c)     Reimbursement by Lenders.  Without limiting the Lenders’ obligations under Section 9.14 hereof, to the extent that the Loan Parties for any reason fail to indefeasibly pay any amount required under subsection (a) or (b) of this Section 10.04 to be paid by it, each Lender severally agrees to pay to the Agents (or any such sub-agent), the L/C Issuer or such Related Party, as the case may be, such Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount, provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Agents (or any such sub-agent) or the L/C Issuer in its capacity as such, or against any Related Party of any of the foregoing acting for the Agents (or any such sub-agent) or L/C Issuer in connection with such capacity.  The obligations of the Lenders under this subsection (c) are subject to the provisions of Section 2.12(d).

 

 

(d)     Waiver of Consequential Damages, Etc.  To the fullest extent permitted by applicable Law, no party hereto shall assert, and each party hereto hereby waives, any claim against any other party hereto, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof.

 

(e)     Payments.  All amounts due under this Section 10.04 shall be payable on demand therefor.

 

(f)      Survival.  The agreements in this Section 10.04 shall survive the resignation of any Agent, the Swing Line Lender, and the L/C Issuer, the assignment of any Commitment or Loan by any Lender, the replacement of any Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all the other Obligations.

 

10.05              Payments Set Aside.  To the extent that any payment by or on behalf of the Loan Parties is made to any Credit Party, or any Credit Party exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Credit Party in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender and the L/C Issuer severally agrees to pay to the Agents upon demand its Applicable Percentage (without duplication) of any amount so recovered from or repaid by the Agents, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect.  The obligations of the Lenders and the L/C Issuer under clause (b) of the preceding sentence shall survive the payment in full of the Obligations and the termination of this Agreement.

 

10.06              Successors and Assigns.

 

(a)           Successors and Assigns Generally.  The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that no Loan Party may assign or otherwise transfer any of its rights or obligations hereunder or under any other Loan Document without the prior written consent of the Administrative Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an Eligible Assignee in accordance with the provisions of Section 10.06(b), (ii) by way of participation in accordance with the provisions of subsection Section 10.06(d), or (iii) by way of pledge or assignment of a security interest subject to the restrictions of Section 10.06(f) (and any other attempted assignment or transfer by any party hereto shall be null and void).  Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in subsection (d) of this Section 10.06 and, to the extent expressly contemplated hereby, the Related Parties of each of the Credit Parties) any legal or equitable right, remedy or claim under or by reason of this Agreement.

 

(b)           Assignments by Lenders.  Any Lender may at any time assign to one or more Eligible Assignees all or a portion of its rights and obligations under this Agreement (including all or a 

 

 

portion of its Commitment(s) and the Loans (including for purposes of this Section 10.06(b), participations in L/C Obligations and in Swing Line Loans) at the time owing to it); provided that any such assignment shall be subject to the following conditions:

 

(i)            Minimum Amounts.

 

(A)          in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and the Loans at the time owing to it or in the case of an assignment to a Lender or an Affiliate of a Lender or an Approved Fund with respect to a Lender, no minimum amount need be assigned; and

 

(B)           in any case not described in subsection (b)(i)(A)of this Section, the aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding balance of the Loans of the assigning Lender subject to each such assignment, determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date, shall not be less than $5,000,000 unless each of the Administrative Agent and, so long as no Default has occurred and is continuing, the Lead Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed); provided, however, that concurrent assignments to members of an Assignee Group and concurrent assignments from members of an Assignee Group to a single Eligible Assignee (or to an Eligible Assignee and members of its Assignee Group) will be treated as a single assignment for purposes of determining whether such minimum amount has been met; and

 

(C)           after giving effect to any such assignment, the aggregate amount of the remaining Commitment (which for this purpose includes Loans outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding balance of the Loans held by the assigning Lender shall not be less than $5,000,000 unless each of the Administrative Agent and, so long as no Default has occurred and is continuing, the Lead Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed).

 

(ii)           Proportionate Amounts.  Each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Loans or the Commitment assigned, except that this clause (ii) shall not apply to the Swing Line Lender’s rights and obligations in respect of Swing Line Loans;

 

(iii)          Required Consents.  No consent to an assignment by a Lender shall be required for any assignment except to the extent required by subsection (b)(i)(B) and (b)(i)(C)of this Section and, in addition:

 

(A)          the consent of the Lead Borrower (such consent not to be unreasonably withheld or delayed) shall be required unless (1) a Default has occurred and is continuing at the time of such assignment or (2) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; and

 

(B)           the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required for assignments in respect of any Commitment if such assignment is to a Person that is not a Lender, an Affiliate of such Lender or an Approved Fund with respect to such Lender; and

 

 

(C)           the consent of the L/C Issuer (such consent not to be unreasonably withheld or delayed) shall be required for any assignment that increases the obligation of the assignee to participate in exposure under one or more Letters of Credit (whether or not then outstanding); and

 

(D)          the consent of the Swing Line Lender (such consent not to be unreasonably withheld or delayed) shall be required for any assignment in respect of the assignment of any Commitment.

 

(iv)          Assignment and Assumption.  The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500, provided, however, that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. The assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire.

 

Subject to acceptance and recording thereof by the Administrative Agent pursuant to subsection (c) of this Section, from and after the effective date specified in each Assignment and Assumption, the Eligible Assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 3.01, 3.04, 3.05, and 10.04 with respect to facts and circumstances occurring prior to the effective date of such assignment.  Upon request, the Borrowers (at their expense) shall execute and deliver a Note to the assignee Lender.  Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this subsection shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with Section 10.06(d).

 

(c)           Register.  The Administrative Agent, acting solely for this purpose as an agent of the Borrowers, shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts of the Loans and L/C Obligations owing to, each Lender pursuant to the terms hereof from time to time (the “Register”).  The entries in the Register shall be conclusive, absent manifest error, and the Loan Parties, the Administrative Agent and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary.  The Register shall be available for inspection by the Lead Borrower and any Lender at any reasonable time and from time to time upon reasonable prior notice.

 

(d)           Participations.  Any Lender may at any time, without the consent of, or notice to, the Loan Parties or the Administrative Agent, sell participations to any Person (other than a natural person or the Loan Parties or any of the Loan Parties’ Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Loans (including such Lender’s participations in L/C Obligations and/or Swing Line Loans) owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Loan Parties, the Agents, the Lenders and the L/C Issuer shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under

 

 

this Agreement.  Any Participant shall agree in writing to comply with all confidentiality obligations set forth in Section 10.07 as if such Participant was a Lender hereunder.

 

Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any  provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, waiver or other modification described in the first proviso to Section 10.01 that affects such Participant.  Subject to subsection (e) of this Section, the Loan Parties agree that each Participant shall be entitled to the benefits of Sections 3.01, 3.04 and 3.05  to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section 10.06(b).  To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.08  as though it were a Lender, provided such Participant agrees to be subject to Section 2.12(e) as though it were a Lender.

 

(e)           Limitations upon Participant Rights.  A Participant shall not be entitled to receive any greater payment under Section 3.01 or 3.04  than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Lead Borrower’s prior written consent.  A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 3.01 unless the Lead Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Loan Parties, to comply with Section 3.01(e) as though it were a Lender.

 

(f)            Certain Pledges.  Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement (including under its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or any other funding source; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.

 

(g)           Electronic Execution of Assignments.  The words “execution,” “signed,” “signature,” and words of like import in any Assignment and Assumption shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act.

 

(h)           Resignation as L/C Issuer or Swing Line Lender after Assignment.  Notwithstanding anything to the contrary contained herein, if at any time Bank of America assigns all of its Commitment and Loans pursuant to subsection (b) above, Bank of America may, (i) upon 30 days’ notice to the Lead Borrower and the Lenders, resign as L/C Issuer and/or (ii) upon 30 days’ notice to the Lead Borrower, resign as Swing Line Lender.  In the event of any such resignation as L/C Issuer or Swing Line Lender, the Lead Borrower shall be entitled to appoint from among the Lenders a successor L/C Issuer or Swing Line Lender hereunder; provided, however, that no failure by the Lead Borrower to appoint any such successor shall affect the resignation of Bank of America as L/C Issuer or Swing Line Lender, as the case may be.  If Bank of America resigns as L/C Issuer, it shall retain all the rights, powers, privileges and duties of the L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as L/C Issuer and all L/C Obligations with respect thereto (including the right to require the Lenders to make Prime Rate Loans or fund risk participations in Unreimbursed

 

 

Amounts pursuant to Section 2.03(c)).  If Bank of America resigns as Swing Line Lender, it shall retain all the rights of the Swing Line Lender provided for hereunder with respect to Swing Line Loans made by it and outstanding as of the effective date of such resignation, including the right to require the Lenders to make Prime Rate Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section 2.04(c).  Upon the appointment of a successor L/C Issuer and/or Swing Line Lender, (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer or Swing Line Lender, as the case may be, and (b) the successor L/C Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to Bank of America to effectively assume the obligations of Bank of America with respect to such Letters of Credit.

 

10.07              Treatment of Certain Information; Confidentiality.  Each of the Credit Parties agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective partners, directors, officers, employees, agents, funding sources, attorneys, advisors and representatives (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by any regulatory authority purporting to have jurisdiction over it (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by applicable Laws or regulations or by any subpoena or similar legal process, (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement or (ii) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to any Loan Party and its obligations, (g) with the consent of the Lead Borrower or (h) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section or (y) becomes available to any Credit Party or any of their respective Affiliates on a non-confidential basis from a source other than the Loan Parties.

 

For purposes of this Section, “Information” means all information received from the Loan Parties or any Subsidiary thereof relating to the Loan Parties or any Subsidiary thereof or their respective businesses, other than any such information that is available to any Credit Party on a non-confidential basis prior to disclosure by the Loan Parties or any Subsidiary thereof, provided that, in the case of information received from any Loan Party or any Subsidiary after the date hereof, such information is clearly identified at the time of delivery as confidential.  Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information.

 

Each of the Credit Parties acknowledges that (a) the Information may include material non-public information concerning the Loan Parties or a Subsidiary, as the case may be, (b) it has developed compliance procedures regarding the use of material non-public information and (c) it will handle such material non-public information in accordance with applicable Law, including Federal and state securities Laws.

 

10.08              Right of Setoff.  If an Event of Default shall have occurred and be continuing or if any Lender shall have been served with a trustee process or similar attachment relating to property of a Loan Party, each Lender, the L/C Issuer and each of their respective Affiliates is hereby

 

 

authorized at any time and from time to time, after obtaining the prior written consent of the Administrative Agent or the Required Lenders, to the fullest extent permitted by applicable Law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Lender, the L/C Issuer or any such Affiliate to or for the credit or the account of the Borrowers or any other Loan Party against any and all of the Obligations now or hereafter existing under this Agreement or any other Loan Document to such Lender or the L/C Issuer, regardless of the adequacy of the Collateral, and irrespective of whether or not such Lender or the L/C Issuer shall have made any demand under this Agreement or any other Loan Document and although such obligations of the Borrowers or such Loan Party may be contingent or unmatured or are owed to a branch or office of such Lender or the L/C Issuer different from the branch or office holding such deposit or obligated on such indebtedness.  The rights of each Lender, the L/C Issuer and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender, the L/C Issuer or their respective Affiliates may have.  Each Lender and the L/C Issuer agrees to notify the Lead Borrower and the Administrative Agent promptly after any such setoff and application, provided that the failure to give such notice shall not affect the validity of such setoff and application.

 

10.09              Interest Rate Limitation.  Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”).  If the Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrowers.  In determining whether the interest contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder.

 

10.10              Counterparts; Integration; Effectiveness.  This Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.  This Agreement and the other Loan Documents constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof.  Except as provided in Section 4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto.  Delivery of an executed counterpart of a signature page of this Agreement by telecopy shall be as effective as delivery of a manually executed counterpart of this Agreement.

 

10.11              Survival.  All representations and warranties made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith, as of the date made or referenced therein, shall survive the execution and delivery hereof and thereof.  Such representations and warranties have been or will be relied upon by the Credit Parties, regardless of any investigation made by any Credit Party or on their behalf and notwithstanding that any Credit Party may have had notice or knowledge of any Default at the time of any Credit Extension, and shall continue in full force and effect as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain

 

 

outstanding.  Further, the provisions of Sections  3.01, 3.04, 3.05 and 10.04 and Article IX shall survive and remain in full force and effect regardless of the repayment of the Obligations, the expiration or termination of the Letters of Credit and the Commitments or the termination of this Agreement or any provision hereof.  In connection with the termination of this Agreement and the release and termination of the security interests in the Collateral, the Agents may reasonably require such indemnities and collateral security as they shall reasonably deem necessary or appropriate to protect the Credit Parties against (x) loss on account of credits previously applied to the Obligations that may subsequently be reversed or revoked, and (y) any obligations that may thereafter arise with respect to future indemnification obligations or the Other Liabilities or under Section 10.03 hereof.

 

10.12              Severability.  If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions.  The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

10.13              Replacement of Lenders.  If any Lender requests compensation under Section 3.04, or if the Borrowers are required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, or if any Lender is a Defaulting Lender or a Non-Consenting Lender, then the Borrowers may, at their sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 10.06), all of its interests, rights and obligations under this Agreement and the related Loan Documents to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided that:

 

(a)         the Borrowers shall have paid to the Administrative Agent the assignment fee specified in Section 10.06(b);

 

(b)         such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and L/C Advances, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under Section 3.05) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrowers (in the case of all other amounts);

 

(c)         in the case of any such assignment resulting from a claim for compensation under Section 3.04 or payments required to be made pursuant to Section 3.01, such assignment will result in a reduction in such compensation or payments thereafter; and

 

(d)         such assignment does not conflict with applicable Laws.

 

A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrowers to require such assignment and delegation cease to apply.

 

 

10.14              Governing Law; Jurisdiction; Etc.

 

(a)           GOVERNING LAW.  THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (EXCEPT FOR THE CONFLICT OF LAWS RULES THEREOF, BUT INCLUDING GENERAL OBLIGATIONS LAW SECTIONS 5-1401 AND 5-1402).

 

(b)           SUBMISSION TO JURISDICTION.  EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE  JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH PARTY IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT.  EACH PARTY AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW; PROVIDED THAT, NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT ANY CREDIT PARTY MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST ANY LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY OTHER JURISDICTION TO THE EXTENT NECESSARY OR ADVISABLE TO ENFORCE ANY RIGHT OR INTEREST ANY CREDIT PARTY MAY HAVE AGAINST ANY COLLATERAL GRANTED BY ANY LOAN PARTY.

 

(c)           WAIVER OF VENUE.  EACH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN SECTION 10.14(B).  EACH PARTY HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT.

 

(d)           SERVICE OF PROCESS.  EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.02.  NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW.

 

(e)           ACTIONS COMMENCED BY LOAN PARTIES. EACH LOAN PARTY AGREES THAT ANY ACTION COMMENCED BY ANY LOAN PARTY ASSERTING ANY CLAIM OR COUNTERCLAIM ARISING UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT SHALL BE BROUGHT SOLELY IN A COURT OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY OR THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK AS THE ADMINISTRATIVE AGENT MAY ELECT IN ITS SOLE DISCRETION AND CONSENTS TO THE EXCLUSIVE JURISDICTION OF SUCH COURTS WITH RESPECT TO ANY SUCH ACTION.

 

 

10.15              Waiver of Jury Trial.  EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY).  EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 10.15.

 

10.16              No Advisory or Fiduciary Responsibility.  In connection with all aspects of each transaction contemplated hereby, the Loan Parties each acknowledge and agree that: (i) the credit facility provided for hereunder and any related arranging or other services in connection therewith (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document) are an arm’s-length commercial transaction between the Loan Parties, on the one hand, and the Credit Parties, on the other hand, and each of the Loan Parties is capable of evaluating and understanding and understands and accepts the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents (including any amendment, waiver or other modification hereof or thereof); (ii) in connection with the process leading to such transaction, the each Credit Party is and has been acting solely as a principal and is not the financial advisor, agent or fiduciary, for the Loan Parties or any of their respective Affiliates, stockholders, creditors or employees or any other Person; (iii) none of the Credit Parties has assumed or will assume an advisory, agency or fiduciary responsibility in favor of the Loan Parties with respect to any of the transactions contemplated hereby or the process leading thereto, including with respect to any amendment, waiver or other modification hereof or of any other Loan Document (irrespective of whether any of the Credit Parties has advised or is currently advising any Loan Party or any of its Affiliates on other matters) and none of the Credit Parties has any obligation to any Loan Party or any of its Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; (iv) the Credit Parties and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Loan Parties and their respective Affiliates, and none of the Credit Parties has any obligation to disclose any of such interests by virtue of any advisory, agency or fiduciary relationship; and (v) the Credit Parties have not provided and will not provide any legal, accounting, regulatory or tax advice with respect to any of the transactions contemplated hereby (including any amendment, waiver or other modification hereof or of any other Loan Document) and each of the Loan Parties has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate.  Each of the Loan Parties hereby waives and releases, to the fullest extent permitted by law, any claims that it may have against each of the Credit Parties with respect to any breach or alleged breach of agency or fiduciary duty.

 

10.17              USA PATRIOT Act Notice.  Each Lender that is subject to the Patriot Act and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Loan Parties that pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information that identifies each Loan Party, which information includes the name and address of each Loan Party and other information that will allow such Lender or the Administrative Agent, as applicable, to identify each Loan Party in accordance with the Patriot Act. Each Loan Party is in

 

 

compliance, in all material respects, with the Patriot Act.  No part of the proceeds of the Loans will be used by the Loan Parties, directly or indirectly, for any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977, as amended.

 

10.18              Foreign Assets Control Regulations.  Neither of the advance of the Loans nor the use of the proceeds of any thereof will violate the Trading With the Enemy Act (50 U.S.C. § 1 et seq., as amended) (the “Trading With the Enemy Act”) or any of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) (the “Foreign Assets Control Regulations”) or any enabling legislation or executive order relating thereto (which for the avoidance of doubt shall include, but shall not be limited to (a) Executive Order 13224 of September 21, 2001 Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079 (2001)) (the “Executive Order”) and (b) the Patriot Act.  Furthermore, none of the Borrowers or their Affiliates (a) is or will become a “blocked person” as described in the Executive Order, the Trading With the Enemy Act or the Foreign Assets Control Regulations or (b) engages or will engage in any dealings or transactions, or be otherwise associated, with any such “blocked person” or in any manner violative of any such order.

 

10.19              Time of the Essence.  Time is of the essence of the Loan Documents.

 

10.20              Press Releases.  Each Loan Party consents to the publication by Administrative Agent or any Lender of advertising material relating to the financing transactions contemplated by this Agreement using any Loan Party’s name, product photographs, logo or trademark.  Administrative Agent or such Lender shall provide a draft reasonably in advance of any advertising material to the Lead Borrower for review and comment prior to the publication thereof.  Administrative Agent reserves the right to provide to industry trade organizations information necessary and customary for inclusion in league table measurements.

 

10.21              Additional Waivers.

 

(a)           The Obligations are the joint and several obligation of each Loan Party. To the fullest extent permitted by applicable Law, the obligations of each Loan Party shall not be affected by (i) the failure of any Credit Party to assert any claim or demand or to enforce or exercise any right or remedy against any other Loan Party under the provisions of this Agreement, any other Loan Document or otherwise, (ii) any rescission, waiver, amendment or modification of, or any release from any of the terms or provisions of, this Agreement or any other Loan Document, or (iii) the failure to perfect any security interest in, or the release of, any of the Collateral or other security held by or on behalf of the Collateral Agent or any other Credit Party.

 

(b)           The obligations of each Loan Party  shall not be subject to any reduction, limitation, impairment or termination for any reason (other than the indefeasible payment in full in cash of the Obligations after the termination of the Commitments), including any claim of waiver, release, surrender, alteration or compromise of any of the Obligations, and shall not be subject to any defense or setoff, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of any of the Obligations or otherwise. Without limiting the generality of the foregoing, the obligations of each Loan Party hereunder shall not be discharged or impaired or otherwise affected by the failure of any Agent or any other Credit Party to assert any claim or demand or to enforce any remedy under this Agreement, any other Loan Document or any other agreement, by any waiver or modification

 

 

of any provision of any thereof, any default, failure or delay, willful or otherwise, in the performance of any of the Obligations, or by any other act or omission that may or might in any manner or to any extent vary the risk of any Loan Party or that would otherwise operate as a discharge of any Loan Party as a matter of law or equity (other than the indefeasible payment in full in cash of all the Obligations after the termination of the Commitments).

 

(c)           To the fullest extent permitted by applicable Law, each Loan Party waives any defense based on or arising out of any defense of any other Loan Party or the unenforceability of the Obligations or any part thereof from any cause, or the cessation from any cause of the liability of any other Loan Party, other than the indefeasible payment in full in cash of all the Obligations and the termination of the Commitments. The Collateral Agent and the other Credit Parties may, at their election, foreclose on any security held by one or more of them by one or more judicial or non-judicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Obligations, make any other accommodation with any other Loan Party, or exercise any other right or remedy available to them against any other Loan Party, without affecting or impairing in any way the liability of any Loan Party hereunder except to the extent that all the Obligations have been indefeasibly paid in full in cash and the Commitments have been terminated.  Each Loan Party waives any defense arising out of any such election even though such election operates, pursuant to applicable Law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of such Loan Party against any other Loan Party, as the case may be, or any security.

 

(d)           Each Borrower is obligated to repay the Obligations as joint and several obligors under this Agreement.  Upon payment by any Loan Party of any Obligations, all rights of such Loan Party against any other Loan Party arising as a result thereof by way of right of subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be subordinate and junior in right of payment to the prior indefeasible payment in full in cash of all the Obligations and the termination of the Commitments. In addition, any indebtedness of any Loan Party now or hereafter held by any other Loan Party is hereby subordinated in right of payment to the prior indefeasible payment in full of the Obligations and no Loan Party will demand, sue for or otherwise attempt to collect any such indebtedness.  If any amount shall erroneously be paid to any Loan Party on account of (i) such subrogation, contribution, reimbursement, indemnity or similar right or (ii) any such indebtedness of any Loan Party, such amount shall be held in trust for the benefit of the Credit Parties and shall forthwith be paid to the Administrative Agent to be credited against the payment of the Obligations, whether matured or unmatured, in accordance with the terms of this Agreement and the other Loan Documents.  Subject to the foregoing, to the extent that any Borrower shall, under this Agreement as a joint and several obligor, repay any of the Obligations constituting Revolving Loans made to another Borrower hereunder or other Obligations incurred directly and primarily by any other Borrower (an “Accommodation Payment”), then the Borrower making such Accommodation Payment shall be entitled to contribution and indemnification from, and be reimbursed by, each of the other Borrowers in an amount, for each of such other Borrowers, equal to a fraction of such Accommodation Payment, the numerator of which fraction is such other Borrower’s Allocable Amount and the denominator of which is the sum of the Allocable Amounts of all of the Borrowers.  As of any date of determination, the “Allocable Amount” of each Borrower shall be equal to the maximum amount of liability for Accommodation Payments which could be asserted against such Borrower hereunder without (a) rendering such Borrower “insolvent” within the meaning of Section 101 (31) of the Bankruptcy Code, Section 2 of the Uniform Fraudulent Transfer Act (“UFTA”) or Section 2 of the Uniform Fraudulent Conveyance Act (“UFCA”), (b) leaving such Borrower with unreasonably small capital or assets, within the meaning of Section 548 of the Bankruptcy Code, Section 4 of the UFTA, or Section 5 of the UFCA, or (c) leaving such Borrower unable to pay its debts as they become due within the meaning of Section 548 of the Bankruptcy Code or Section 4 of the UFTA, or Section 5 of the UFCA.

 

 

(e)           Without limiting the generality of the foregoing, or of any other waiver or other provision set forth in this Agreement, each Loan Party hereby absolutely, knowingly, unconditionally, and expressly waives any and all claim, defense or benefit arising directly or indirectly under any one or more of Sections 2787 to 2855 inclusive of the California Civil Code or any similar law of California.

 

10.22                      No Strict Construction.  The parties hereto have participated jointly in the negotiation and drafting of this Agreement.  In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provisions of this Agreement.

 

10.23                      Attachments.  The exhibits, schedules and annexes attached to this Agreement are incorporated herein and shall be considered a part of this Agreement for the purposes stated herein, except that in the event of any conflict between any of the provisions of such exhibits and the provisions of this Agreement, the provisions of this Agreement shall prevail.

 

10.24                      Copies and Facsimiles.  This Agreement and all other documents (including, without limitation, the Loan Documents) which have been or may be hereinafter furnished by any Loan Party to any Agent or any Lender may be reproduced by such Agent or such Lender by any photographic, microfilm, xerographic, digital imaging, or other process. Any such reproduction shall be admissible in evidence as the original itself in any judicial or administrative proceeding (whether or not the original is in existence and whether or not such reproduction was made in the regular course of business). Any facsimile which bears proof of transmission shall be binding on the party which or on whose behalf such transmission was initiated and likewise so admissible in evidence as if the original of such facsimile had been delivered to the party which or on whose behalf such transmission was received.

 

[Signature pages follow]

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their respective authorized officers as of the date first above written.

 

	
 
    	
BORROWERS
    
	
 
    	
 
    
	
 
    	
/s/THE PEP BOYS —   MANNY, MOE & JACK
    
	
 
    	
 
    
	
 
    	
/s/ THE   PEP BOYS MANNY, MOE & JACK OF CALIFORNIA
    
	
 
    	
 
    
	
 
    	
/s/ PEP BOYS — MANNY,   MOE & JACK OF DELAWARE, INC.
    
	
 
    	
 
    
	
 
    	
/s/ PEP BOYS — MANNY,   MOE & JACK OF PUERTO RICO, INC.
    
	
 
    	
 
    
	
 
    	
GUARANTORS
    
	
 
    	
 
    
	
 
    	
/s/ PBY CORPORATION
    
	
 
    	
 
    
	
 
    	
/s/ CARRUS SUPPLY CORPORATION
    
	
 
    	
 
    
	
 
    	
/S/ BANK OF AMERICA, N.A.,   as Administrative Agent and as Collateral Agent
    
	
 
    	
 
    
	
 
    	
/S/ BANK OF AMERICA, N.A.,   as a Lender, L/C Issuer and Swing Line Lender
    
	
 
    	
 
    
	
 
    	
/S/ WELLS FARGO RETAIL   FINANCE, LLC, as an L/C Issuer
    
	
 
    	
 
    
	
 
    	
/S/ WELLS FARGO RETAIL   FINANCE, LLC, as a Lender
    
	
 
    	
 
    
	
 
    	
/S/ REGIONS BANK, as a   Lender
    
	
 
    	
 
    
	
 
    	
/S/ PNC BANK, NATIONAL   ASSOCIATION, as a Lender
    
	
 
    	
 
    
	
 
    	
/S/ CAPITAL ONE LEVERAGE   FINANCE CORP., as a Lender
    

 

 

Exhibit A-1

 

Committed Loan Notice

 

	
 
    	
 
    	
Date:
    	
 
    

 

To:          Bank of America, N.A., as Administrative Agent

100 Federal Street, 9th Floor

Boston, Massachusetts 02110

 

Re:          Credit Agreement dated as of January 16, 2009 (as modified, amended, supplemented or restated and in effect from time to time, the “Credit Agreement”) by and between, among others, (i) The Pep Boys- Manny, Moe & Jack, as agent (in such capacity, the “Lead Borrower”) for itself and the other Borrowers party thereto (collectively, with the Lead Borrower, the “Borrowers”) (ii) the Guarantors, and (iii) Bank of America, N.A., as administrative agent (the “Administrative Agent”) for its own benefit and the benefit of the other Credit Parties. Capitalized terms used but not defined herein shall have the meanings set forth in the Credit Agreement.

 

Ladies and Gentlemen:

 

The Lead Borrower refers to the above described Credit Agreement and hereby irrevocably notifies you of the Committed Borrowing requested below:

 

1.                                       The Business Day of the requested Committed Borrowing is                                 , 20[ ](1).

 

2.                                       The aggregate amount of the requested Committed Borrowing(2) is $.                        which Committed Borrowing consists of the following Types:

 

	
Type of Borrowing
   (Prime Rate Loans or
   LIBO Rate Loans(3)
    	
 
    	
Amount
    	
 
    	
Interest Period for LIBO Rate
   Loans(4)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
$
    	
 
    	
 
    	
[1]   [2] [3] [6] months
    
	
 
    	
 
    	
$
    	
 
    	
 
    	
[1]   [2] [3] [6] months
    
	
 
    	
 
    	
$
    	
 
    	
 
    	
[1]   [2] [3] [6] months
    
	
 
    	
 
    	
$
    	
 
    	
 
    	
[1]   [2] [3] [6] months
    

 

(1) Each such notice must be received by the Administrative Agent not later than 11:00 a.m. (i) three (3) Business Days prior to the requested date of any Borrowing of LffiO Rate Loans, and (ii) one (1) Business Day prior to the requested date of any Borrowing of Prime Rate Loans.

 

(2) Each Borrowing of LIBO Rate Loans shall be in a principal amount of $5,000,000.00 or a whole multiple of $1,000,000.00 in excess thereof, and each Borrowing of Prime Rate Loans made hereunder shall be in a principal amount of not less than $100,000.00.

 

(3) If no election of Type of Committed Loans is specified, such Committed Loans shall be made as Prime Rate Loans.

 

(4) If no election of Interest Period is specified, such notice shall be deemed a request for an Interest Period of one (1) month.

 

 

3.                                       Proceeds of the requested Committed Borrowing are to be disbursed to the following account(s):

 

The Lead Borrower hereby represents and warrants that: (i) the Committed Loan requested herein complies with the provisions of Section 2.02(a) and (b) of the Credit Agreement; (ii) the conditions specified in Sections 4.02(a), (b), and (d) of the Credit Agreement shall be satisfied before and after giving effect to the requested Borrowing; and (iii) after giving effect to the requested Borrowing set forth above, all conversions of Committed Loans from one Type to the other, and all continuations of Committed Loans as the same Type, there will be no more than six (6) Interest Periods in effect with respect to Committed Loans.

 

 

	
 
    	
 
    	
THE   PEP BOYS- MANNY, MOE & JACK, as
    
	
 
    	
 
    	
Lead   Borrower
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    	
 
    
	
 
    	
 
    	
Title:
    	
 
    

 

 

Exhibit A-2

 

Continuation/Conversion Notice

 

	
 
    	
 
    	
 
    	
Date:
    	
 
    

 

To:          Bank of America, N.A., as Administrative Agent

100 Federal Street, 9th Floor

Boston, Massachusetts 02110

 

Re:          Credit Agreement dated as of January 16, 2009 (as modified, amended, supplemented or restated and in effect from time to time, the “Credit Agreement”) by and between, among others, (i) The Pep Boys- Manny, Moe & Jack, as agent (in such capacity, the “Lead Borrower”) for itself and the other Borrowers party thereto (collectively, with the Lead Borrower, the “Borrowers”) (ii) the Guarantors, and (iii) Bank of America, N.A., as administrative agent (the “Administrative Agent “) for its own benefit and the benefit of the other Credit Parties. Capitalized terms used but not defined herein shall have the meanings set forth in the Credit Agreement.

 

Ladies and Gentlemen:

 

The Lead Borrower hereby requests (select one):

 

o  A conversion of Committed Loans                                o  A continuation of LIBO Rate Loans

 

1.                On                        (a Business Day)(1)

 

2.                In the amount of $                              (2)

 

3.                For Conversions: Comprised of                           (Type of Committed Loan to be Converted)

 

4.                For LIBO Rate Loans: with an Interest Period of         months(3)

 

(1) Each such notice must be received by the Administrative Agent not later than 11:00 a.m. (i) three (3) Business Days prior to the requested date of any conversion to or continuation of LIBO Rate Loans or of any conversion of LIBO Rate Loans to Prime Rate Loans. If the Lead Borrower fails to give a timely notice of a conversion or continuation, then the applicable Committed Loans shall be converted or continued, as appropriate, to Prime Rate Loans.

 

(2) Each conversion to or continuation of LIBO Rate Loans shall be in a principal amount of $5,000,000.00 or a whole multiple of $1,000,000.00 in excess thereof, and each conversion to Prime Rate Loans made hereunder shall be in a principal amount of not less than $100,000.00.

 

The Lead Borrower may request a conversion to, or continuation of, LIBO Rate Loans with an Interest Period of one (1), two (2), three (3), or six (6) month. If no election of Interest Period is specified, such notice shall be deemed a request for an Interest Period of one (1) month.

 

 

The Lead Borrower hereby represents and warrants that: (i) the Committed Loan requested herein complies with the provisions of Section 2.02(a) and (b) of the Credit Agreement; (ii) the conditions specified in Sections 4.02(a), (b), and (d) of the Credit Agreement shall be satisfied before and after giving effect to the requested Borrowing; and (iii) after giving effect to the requested Borrowing set forth above, all conversions of Committed Loans from one Type to the other, and all continuations of Committed Loans as the same Type, there will be no more than six (6) Interest Periods in effect with respect to Committed Loans.

 

 

	
 
    	
 
    	
THE   PEP BOYS- MANNY, MOE & JACK, as
    
	
 
    	
 
    	
Lead   Borrower
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    	
 
    
	
 
    	
 
    	
Title:
    	
 
    

 

 

Exhibit B

 

Swing Line Loan Notice

 

	
 
    	
 
    	
Date:
    	
 
    

 

To:          Bank of America, N.A., as Administrative Agent and as Swing Line Lender

100 Federal Street, 9th Floor

Boston, Massachusetts 02110

 

Re:          Credit Agreement dated as of January 16, 2009 (as modified, amended, supplemented or restated and in effect from time to time, the “Credit Agreement”) by and between, among others, (i) The Pep Boys- Manny, Moe & Jack, as agent (in such capacity, the “Lead Borrower’’) for itself and the other Borrowers party thereto (collectively, with the Lead Borrower, the “Borrowers”), (ii) the Guarantors, and (iii) Bank of America, N.A., as administrative agent (the “Administrative Agent”) for its own benefit and the benefit of the other Credit Parties, and Swing Line Lender (in such capacity, the “Swing Line Lender”).  Capitalized terms used but not defined herein shall have the meanings set forth in the Credit Agreement.

 

Ladies and Gentlemen:

 

The Lead Borrower refers to the above described Credit Agreement and hereby irrevocably notifies you of the Swing Line Borrowing requested below:

 

1.             (The Business Day of the requested Swing Line Borrowing is)                               , (20[  ]).

 

2.                                       The aggregate amount of the requested Swing Line Borrowing is $.                                which Swing Line Borrowing shall consist of a Prime Rate Loan.

 

3.             Proceeds of the requested Swing Line Borrowing are to be disbursed to the following account(s):

 

	
 
    	
 
    	
 
    

 

The Lead Borrower hereby represents and warrants that: (a) the Swing Line Borrowing requested herein complies with the provisions of Section 2.04(a) and (b)  of the Credit Agreement, and (b) the conditions specified in Sections 4.02(a), (b), and (d) of the Credit Agreement shall be satisfied before and after giving effect to the requested Swing Line Borrowing.

 

 

	
 
    	
 
    	
THE   PEP BOYS- MANNY, MOE & JACK, as
    
	
 
    	
 
    	
Lead   Borrower
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    	
 
    
	
 
    	
 
    	
Title:
    	
 
    

 

 

Exhibit C-1

 

COMMITTED LOAN NOTE

 

	
$[                        .
    	
 
    	
January [  ], 2009
    

 

FOR VALUE RECEIVED, the undersigned (singly, a “Borrower”, and collectively, the “Borrowers”) jointly and severally promise to pay to the order of                                (hereinafter, with any subsequent holders, the “Lender”), c/o Bank of America, N.A., 100 Federal Street, 9th Floor, Boston, Massachusetts 02110, the principal sum of                             ($                       , or, if less, the aggregate unpaid principal balance of Committed Loans made by the Lender to or for the account of any Borrower pursuant to the Credit Agreement dated as of January 16, 2009 (as amended, modified, supplemented or restated and in effect from time to time, the “Credit Agreement”) by and among (i) the Borrowers, (ii) the Guarantors, (iii) Bank of America, N.A., as administrative agent and collateral agent (in such capacities, the “Agent”) for its own benefit and the benefit of the other Credit Parties, and (iv) the Lenders party thereto (the “Lenders”), with interest at the rate and payable in the manner stated therein.

 

This is a “Committed Loan Note” to which reference is made in the Credit Agreement and is subject to all terms and provisions thereof. The principal of, and interest on, this Committed Loan Note shall be payable at the times, in the manner, and in the amounts as provided in the Credit Agreement and shall be subject to prepayment and acceleration as provided therein.  Capitalized terms used herein and not defined herein shall have the meanings assigned to such terms in the Credit Agreement.

 

The Administrative Agent’s books and records concerning the Committed Loans, the accrual of interest thereon, and the repayment of such Committed Loans, shall be prima facie evidence of the indebtedness hereunder, absent manifest error.

 

No delay or omission by any Agent or the Lender in exercising or enforcing any of such Agent’s or the Lender’s powers, rights, privileges, or remedies hereunder shall operate as a waiver thereof on that occasion nor on any other occasion.  No waiver of any Event of Default shall operate as a waiver of any other Event of Default, nor as a continuing waiver.

 

Each Borrower, and each endorser and guarantor of this Committed Loan Note, waives presentment, demand, notice (other than any notice expressly required by the terms of this Committed Loan Note or the other Loan Documents), and protest, and also waives any delay on the part of the holder hereof.  Each Borrower assents to any extension or other indulgence (including, without limitation, the release or substitution of Collateral) permitted by any Agent and/or the Lender with respect to this Committed Loan Note and/or any Collateral or any extension or other indulgence with respect to any other liability or any collateral given to secure any other liability of any Borrower or any other Person obligated on account of this Committed Loan Note.

 

This Committed Loan Note shall be binding upon each Borrower, and each endorser and guarantor hereof, and upon their respective successors, assigns, and representatives, and shall inure to the benefit of the Lender and its successors, endorsees, and permitted assigns.

 

1

 

The liabilities of each Borrower, and of any endorser or guarantor of this Committed Loan Note, are joint and several, provided, however, the release by any Agent or the Lender of any one or more such Persons shall not release any other Person obligated on account of this Committed Loan Note.   Each reference in this Committed Loan Note to each Borrower, any endorser, and any guarantor, is to such Person individually and also to all such Persons jointly.   No Person obligated on account of this Committed Loan Note may seek contribution from any other Person also obligated except in accordance with the terms of Section 10.21(d) of the Credit Agreement.

 

THIS COMMITTED LOAN NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (EXCEPT FOR THE CONFLICT OF LAWS RULES THEREOF, BUT INCLUDING GENERAL OBLIGATIONS LAW SECTIONS 5-1401 AND 5-1402).

 

EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS COMMITTED LOAN NOTE OR ANY OTHER LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH PARTY IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT.  EACH PARTY AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW; PROVIDED THAT, NOTHING IN THIS COMMITTED LOAN NOTE OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT ANY CREDIT PARTY MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS COMMITTED LOAN NOTE OR ANY OTHER LOAN DOCUMENT AGAINST ANY LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY OTHER JURISDICTION TO THE EXTENT NECESSARY OR ADVISABLE TO ENFORCE ANY RIGHT OR INTEREST ANY CREDIT PARTY MAY HAVE AGAINST ANY COLLATERAL GRANTED BY ANY LOAN PARTY.

 

EACH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS COMMITTED LOAN NOTE OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN THE PRECEDING PARAGRAPH.  EACH PARTY HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT.

 

EACH PARTY HERETO AGREES THAT ANY ACTION COMMENCED BY ANY BORROWER ASSERTING ANY CLAIM OR COUNTERCLAIM ARISING UNDER OR IN CONNECTION WITH THIS COMMITTED LOAN NOTE OR ANY OTHER LOAN DOCUMENT SHALL BE BROUGHT SOLELY IN A COURT OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY OR THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK AS THE ADMINISTRATIVE AGENT MAY ELECT IN ITS SOLE DISCRETION

 

2

 

AND CONSENTS TO THE EXCLUSIVE JURISDICTION OF SUCH COURTS WITH RESPECT TO ANY SUCH ACTION.

 

Each Borrower, Guarantor, Endorser, Surety and Lender makes the following waiver knowingly, voluntarily, and intentionally, and understands that the other parties to this Committed Loan Note, the Agents and the Lender, in the establishment and maintenance of their respective relationship with each other contemplated by this Committed Loan Note, is relying thereon. EACH BORROWER, EACH GUARANTOR, ENDORSER, SURETY, AND LENDER, BY ITS ACCEPTANCE HEREOF, HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS COMMITTED LOAN NOTE, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY) AND WAIVES THE RIGHT TO ASSERT ANY SETOFF, COUNTERCLAIM OR CROSS-CLAIM IN RESPECT OF SUCH ACTION OR PROCEEDING.  EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVERS, AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THE CREDIT AGREE MENT AND THIS COMMITTED LOAN NOTE BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS HEREIN.

 

[SIGNATURE PAGE FOLLOWS]

 

3

 

IN WITNESS WHEREOF, the Borrowers have caused this Committed Loan Note to be duly executed as of the date set forth above.

 

BORROWERS:

 

 

	
 
    	
 
    	
THE   PEP BOYS- MANNY, MOE & JACK
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    	
 
    
	
 
    	
 
    	
Title:
    	
 
    

 

 

	
 
    	
 
    	
THE   PEP BOYS - MANNY, MOE & JACK OF CALIFORNIA
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    	
 
    
	
 
    	
 
    	
Title:
    	
 
    

 

 

	
 
    	
 
    	
THE   PEP BOYS- MANNY, MOE & JACK OF DELAWARE, INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    	
 
    
	
 
    	
 
    	
Title:
    	
 
    

 

 

	
 
    	
 
    	
THE   PEP BOYS- MANNY, MOE & JACK OF PUERTO RICO, INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    	
 
    
	
 
    	
 
    	
Title:
    	
 
    

 

4

 

Exhibit C-2

 

SWING UNE NOTE

 

	
$35,000,000.00
    	
 
    	
January[   ], 2009
    

 

FOR VALUE RECEIVED, the undersigned (singly, a “Borrower”, and collectively, the “Borrowers”) jointly and severally promise to pay to the order of BANK OF AMERICA, N.A. (hereinafter, with any subsequent holders, the “Swing Line Lender”), 100 Federal Street, 9th Floor, Boston, Massachusetts 02110, the principal sum of THIRTY-FIVE MILLION DOLLARS ($35,000,000.00), or, if less, the aggregate unpaid principal balance of Swing Line Loans made by the Swing Line Lender to or for the account of any Borrower pursuant to the Credit Agreement dated as of January 16, 2009 (as amended, modified, supplemented or restated and in effect from time to time, the “Credit Agreement”) by and among (i) the Borrowers, (ii) the Guarantors, (iii) Bank of America, N.A., as administrative agent and collateral agent (in such capacities, the “Agent”) for its own benefit and the benefit of the other Credit Parties, and (iv) the Lenders party thereto (the “Lenders”), with interest at the rate and payable in the manner stated therein.

 

This is a “Swing Line Note” to which reference is made in the Credit Agreement and is subject to all terms and provisions thereof. The principal of, and interest on, this Swing Line Note shall be payable at the times, in the manner, and in the amounts as provided in the Credit Agreement and shall be subject to prepayment and acceleration as provided therein. Capitalized terms used herein and not defined herein shall have the meanings assigned to such terms in the Credit Agreement.

 

The Administrative Agent’s books and records concerning the Swing Line Loans, the accrual of interest thereon, and the repayment of such Swing Line Loans, shall be prima facie evidence of the indebtedness hereunder, absent manifest error.

 

No delay or omission by any Agent or the Swing Line Lender in exercising or enforcing any of such Agent’s or the Swing Line Lender’s powers, rights, privileges, or remedies hereunder shall operate as a waiver thereof on that occasion nor on any other occasion.  No waiver of any Event of Default shall operate as a waiver of any other Event of Default, nor as a continuing waiver.

 

Each Borrower, and each endorser and guarantor of this Swing Line Note, waives presentment, demand, notice (other than any notice expressly required by the terms of this Swing Line Note or the other Loan Documents), and protest, and also waives any delay on the part of the holder hereof.  Each Borrower assents to any extension or other indulgence (including, without limitation, the release or substitution of Collateral) permitted by any Agent and/or the Swing Line Lender with respect to this Swing Line Note and/or any Collateral or any extension or other indulgence with respect to any other liability or any collateral given to secure any other liability of any Borrower or any other Person obligated on account of this Swing Line Note.

 

This Swing Line Note shall be binding upon each Borrower, and each endorser and guarantor hereof, and upon their respective successors, assigns, and representatives, and shall inure to the benefit of the Swing Line Lender and its successors, endorsees, and permitted assigns.

 

1

 

The liabilities of each Borrower, and of any endorser or guarantor of this Swing Line Note, are joint and several, provided, however, the release by any Agent or the Swing Line Lender of any one or more such Persons shall not release any other Person obligated on account of this Swing Line Note. Each reference in this Swing Line Note to each Borrower, any endorser, and any guarantor, is to such Person individually and also to all such Persons jointly. No Person obligated on account of this Swing Line Note may seek contribution from any other Person also obligated except in accordance with the terms of Section 10.21(d) of the Credit Agreement.

 

THIS SWING LINE NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (EXCEPT FOR THE CONFLICT OF LAWS RULES THEREOF, BUT INCLUDING GENERAL OBLIGATIONS LAW SECTIONS 5-1401 AND 5-1402).

 

EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO TillS SWING LINE NOTE OR ANY OTHER LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH PARTY IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT.  EACH PARTY AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW; PROVIDED THAT, NOTHING IN THIS SWING LINE NOTE OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT ANY CREDIT PARTY MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS SWING LINE NOTE OR ANY OTHER LOAN DOCUMENT AGAINST ANY LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY OTHER JURISDICTION TO THE EXTENT NECESSARY OR ADVISABLE TO ENFORCE ANY RIGHT OR INTEREST ANY CREDIT PARTY MAY HAVE AGAINST ANY COLLATERAL GRANTED BY ANY LOAN PARTY.

 

EACH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS SWING LINE NOTE OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN THE PRECEDING PARAGRAPH.  EACH PARTY HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT.

 

EACH PARTY HERETO AGREES THAT ANY ACTION COMMENCED BY ANY BORROWER ASSERTING ANY CLAIM OR COUNTERCLAIM ARISING UNDER OR IN CONNECTION WITH THIS SWING LINE NOTE OR ANY OTHER LOAN DOCUMENT SHALL BE BROUGHT SOLELY IN A COURT OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY OR THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK AS THE ADMINISTRATIVE AGENT MAY ELECT IN ITS SOLE DISCRETION AND

 

2

 

CONSENTS TO THE EXCLUSIVE JURISDICTION OF SUCH COURTS WITH RESPECT TO ANY SUCH ACTION.

 

Each Borrower, Guarantor, Endorser, Surety and Lender makes the following waiver knowingly, voluntarily, and intentionally, and understands that the other parties to this Swing Line Note, the Agents and the Swing Line Lender, in the establishment and maintenance of their respective relationship with each other contemplated by this Swing Line Note, is relying thereon. EACH BORROWER, EACH GUARANTOR, ENDORSER, SURETY, AND SWING LINE LENDER, BY ITS ACCEPTANCE HEREOF, HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS SWING LINE NOTE, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY) AND WAIVES THE RIGHT TO ASSERT ANY SETOFF, COUNTERCLAIM OR CROSS-CLAIM IN RESPECT OF SUCH ACTION OR PROCEEDING. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVERS, AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THE CREDIT AGREEMENT AND THIS SWING LINE NOTE BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS HEREIN.

 

[SIGNATURE PAGE FOLLOWS]

 

3

 

IN WITNESS WHEREOF, the Borrowers have caused this Swing Line Note to be duly executed as of the date set forth above.

 

	
BORROWERS:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
THE   PEP BOYS- MANNY, MOE & JACK
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    	
 
    
	
 
    	
 
    	
Title:
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
THE   PEP BOYS- MANNY, MOE & JACK OF CALIFORNIA
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    	
 
    
	
 
    	
 
    	
Title:
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
THE   PEP BOYS- MANNY, MOE & JACK OF DELAWARE, INC.
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    	
 
    
	
 
    	
 
    	
Title:
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
THE   PEP BOYS- MANNY, MOE & JACK OF PUERTO RICO, INC.
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    	
 
    
	
 
    	
 
    	
Title:
    	
 
    

 

4

 

Exhibit D

 

Compliance Certificate

 

	
 
    	
Date of Certificate: 
    	
 
    

 

To:                              Bank of America, N.A., as Administrative Agent

100 Federal Street, 9th Floor

Boston, Massachusetts 02110

Attention: Mr. David R. Vega

 

Re:                               Credit Agreement dated as of January 16, 2009 (as modified, amended, supplemented or restated and in effect from time to time, the “Credit Agreement”) by and between, among others, (i) The Pep Boys- Manny, Moe & Jack, as agent (in such capacity, the “Lead Borrower”) for itself and the other Borrowers party thereto (collectively, with the Lead Borrower, the “Borrowers”), (ii) the Guarantors, and (iii) Bank of America, N.A., as administrative agent (the “Administrative Agent”) for its own benefit and the benefit of the other Credit Parties. Capitalized terms used but not defined herein shall have the meanings set forth in the Credit Agreement.

 

The undersigned, a duly authorized and acting Financial Officer of the Lead Borrower, hereby certifies on behalf of the Loan Parties as of the date hereof the following:

 

1.                                       Covenant Compliance Event.

 

As of the date hereof, there [is a/is no] continuing Covenant Compliance Event.

 

2.                                       Consolidated Fixed Charge Coverage Ratio.

 

[Set forth in Appendix I, in reasonable detail, are calculations with respect to Consolidated Fixed Charge Coverage Ratio for the [Fiscal Year/Fiscal Quarter/Fiscal Month] ending [                       ].][Calculations with respect to Consolidated Fixed Charge Coverage Ratio for the Fiscal Month ending [         ] are not required because a Covenant Compliance Event has not occured and Availability is greater than or equal to twenty percent (20%) of the lesser of (i) the Aggregate Commitments and (ii)  the Borrowing Base (without giving effect to the Availability Block).]

 

3.                                       No Material Accounting Changes, Etc.

 

(a)                                  The financial statements furnished to the Administrative Agent for the [Fiscal Year/Fiscal Quarter/Fiscal Month] ending [                      ] were prepared in accordance with GAAP consistently applied (except for modifications which are necessitated by changes in GAAP or immaterial GAAP variances) and present fairly in all material respects the financial condition and results of operations of the Lead Borrower and its Subsidiaries on a Consolidated basis, as of the end of the period(s) covered, subject to (i) with respect to

 

1

 

the monthly and quarterly financial statements, normal year end audit adjustments and the absence of footnotes and (ii) any changes as disclosed on Appendix II hereto.

 

(b)                                 Except as set forth in Appendix II, there has been no change in GAAP which has been applied in the Lead Borrower’s most recent audited financial statements since                                  . (the date of the Lead Borrower’s most recent audited financial statements), and if such a change has occurred, the effect of such change on the financial statements is detailed in Appendix II.

 

4.                                       No Default or Event of Default.

 

[Since [                    (the date of the last similar certification), no Default or Event of Default has occurred.][Since [                   1 (the date of the last similar certification), No Default or Event of Default has occurred, except as set forth on Appendix III.  The Borrowers have taken or propose to take those actions with respect to such Default or Event of Default as described on said Appendix III.]

 

[Signature Page Follows]

 

2

 

IN WITNESS WHEREOF, the Lead Borrower, on behalf of itself and each of the other Loan Parties, has duly executed this Compliance Certificate as the date first written above.

 

	
 
    	
 
    	
LEAD   BORROWER:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
THE   PEP BOYS- MANNY, MOE & JACK
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    	
 
    
	
 
    	
 
    	
Title:
    	
 
    

 

3

 

APPENDIX I

 

The following is a reasonably detailed calculation of the Consolidated Fixed Charge Coverage Ratio:

 

	
1.
    	
 
    	
Consolidated   EBITDA For Such Period:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
(a)
    	
 
    	
Consolidated   Net Income of the Lead Borrower and its Subsidiaries on a Consolidated basis   for the most recently completed Measurement Period:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Plus   the following (to the extent deducted in calculating such Consolidated Net Income.   in each case of or by the Lead Borrower and its Subsidiaries for such   Measurement Period):
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
(b)
    	
 
    	
Consolidated   Interest Charges:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
(c)
    	
 
    	
The   provision for Federal, state, local and foreign income Taxes:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
(d)
    	
 
    	
depreciation   and amortization expense:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
(e)
    	
 
    	
non-cash   stock compensation expenses:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
(f)
    	
 
    	
other   non-recurring expenses or losses reducing such Consolidated Net Income which   do not represent a cash item in such period or any future period
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
(g)
    	
 
    	
the   sum of lines l(a) through l(f):
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
minus   the sum of the following (to the extent included in calculating such   Consolidated Net Income, in each case of or by the Lead Borrower and its   Subsidiaries for such Measurement Period):
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
(h)
    	
 
    	
Federal,   state, local and foreign income tax credits:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
(i)
    	
 
    	
all   non-recurring non-cash items increasing Consolidated Net Income:
    	
 
    	
 
    

 

4

 

	
(j)
    	
 
    	
the   sum of line l(h) and Line l(i):
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
(k)
    	
 
    	
Consolidated   EBITDA [line l(g)  minus line l(j)]:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
2.
    	
 
    	
minus   the sum of following:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
(a)
    	
 
    	
Capital   Expenditures for such period:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
(b)
    	
 
    	
aggregate   amount of Federal, state, local and foreign income taxes paid in cash for   such period:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
(c)
    	
 
    	
the   sum of lines 2(a) through 2(b):
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
3.
    	
 
    	
line   l(k) minus line 2(c):
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
4.
    	
 
    	
Debt   Service Charges (in each case of or by the Lead Borrower and its Subsidiaries   for such Measurement Period):
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
(a)
    	
 
    	
Consolidated   Interest Charges paid or required to be paid or paid for such Measurement   Period:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
(b)
    	
 
    	
Principal   payments made or required to be made on account of Indebtedness (excluding   the Obligations but including, without limitation, Capital Lease Obligations)   for such Measurement Period:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
(c)
    	
 
    	
Debt   Service Charges: [the sum of lines 4(a) and 4(b)]:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
5.
    	
 
    	
The   aggregate amount of all Restricted Payments Paid in cash during such period:
    	
 
    	
 
    

 

5

 

	
6.
    	
 
    	
the   sum of line 5 and line 4(c):
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
7.
    	
 
    	
Consolidated   Fixed Charge Coverage Ratio [line 3 divided by line 6]:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
COVENANT:   During the continuance of a Covenant Compliance Event, the Lead Borrower   shall not permit the Consolidated Fixed Charge Coverage Ratio (calculated as   of the last day of each month for each Measurement Period) to be less than   1.1:1.00.
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
8.
    	
 
    	
In   Compliance?
    	
 
    	
[N/A][Yes/No]
    

 

6

 

APPENDIX II

 

Except as set forth below, no change in GAAP which has been applied in the Lead Borrower’s most recent audited financial statements has occurred since                                             (the date of the Lead Borrower’s  most recent audited financial statements). [If any such change has occurred, the following describes the nature of the change in reasonable detail and the effect, if any, of each such change in GAAP or in application thereof on the financial statements delivered in accordance with the Credit Agreement].

 

7

 

[APPENDIX III

 

Except as set forth below, no Default or Event of Default has occurred. The following describes the nature of the Default or Event of Default in reasonable detail and the steps, if any, being taken or contemplated by the Loan Parties to be taken on account thereof.]

 

8

 

Exhibit E Assignment and Assumption

 

This Assignment and Assumption (this “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered into by and between ([the][each] (1) Assignor identified in item 1 below ([the][each, an] “Assignor”) and [the][eachf  Assignee identified in item 2 below ([the][each, an] “Assignee”).  [It is understood and agreed that the rights and obligations of [the Assignors][the Assignees](3) hereunder are several and not joint.](4) Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full.

 

For an agreed consideration, [the][each] Assignor hereby irrevocably sells and assigns to [the Assignee][the respective Assignees], and [the][each] Assignee hereby irrevocably purchases and assumes from [the Assignor][the respective Assignors], subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of [the Assignor’s][the respective Assignors’]  rights and obligations in [its capacity as a Lender][their respective capacities as Lenders] under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding  rights  and  obligations  of  [the  Assignor][the  respective  Assignors]  under  the respective facilities  identified below  (including, without limitation, with respect to  the UC Obligations and the Swing Line Loans included in such facilities(5))and (ii) to the extent permitted to be assigned under applicable Law, all claims, suits, causes of action and any other right of [the Assignor (in its capacity as a Lender)][the respective Assignors (in their respective capacities as Lenders)] against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed  thereby or  in any  way based on  or  related to any  of  the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by [the][any] Assignor to [the][any] Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as [the][an] “Assigned Interest”).  Each such sale and assignment is without recourse to [the][any]

 

(1) For bracketed language here and elsewhere in this form relating to the Assignor(s), if the assignment is from a single Assignor, choose the first bracketed language.   If the assignment is from multiple Assignors, choose the second bracketed language.

 

(2) For bracketed language here and elsewhere in this form relating to the Assignee(s), if the assignment is to a single Assignee, choose the first bracketed language. If the assignment is to multiple Assignees, choose the second bracketed language.

 

(3) Select as appropriate.

 

(4) Include bracketed language if there are either multiple Assignors or multiple Assignees.

 

(5) Include all applicable subfacilities, if any.

 

 

Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by [the][any] Assignor.

 

1.              Assignor[s]:

 

2.              Assignee[s]:

 

[for each Assignee, indicate if [Affiliate][Approved Fund] of [identify Lender]]

 

3.             Borrowers:             The Pep Boys- Manny, Moe & Jack, as Lead Borrower, and the other Borrowers party to the Credit Agreement.

 

4.             Administrative Agent: Bank of America, N.A., as the Administrative Agent under the Credit Agreement.

 

5.             Credit Agreement:            Credit Agreement, dated as of January 16, 2009 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) entered into by, among others, the Lead Borrower, the other Borrowers from time to time party thereto, the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent and Collateral Agent.

 

6.             Assigned lnterest[s]:

 

	
Assignor[s](6)
    	
 
    	
Assignee[s]
    	
 
    	
Amount of
   Assignor’s
   Commitment
   /Loans
    	
 
    	
Amount of
   Commitment
   /Loans
   Assigned(8)
    	
 
    	
Percentage
   of Aggregate
   Commitment/
   Loans
   Assigned(9)
    	
 
    	
Resulting
   Commitment/
   Loans of
   Assignor
    	
 
    	
Resulting
   Commitment/
   Loans of
   Assignee
    	
 
    	
CUSIP
   Number
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
$
    	
 
    	
 
    	
$
    	
 
    	
 
    	
 
    	
%
    	
$
    	
 
    	
 
    	
$
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
$
    	
 
    	
 
    	
$
    	
 
    	
 
    	
 
    	
%
    	
$
    	
 
    	
 
    	
$
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
$
    	
 
    	
 
    	
$
    	
 
    	
 
    	
 
    	
%
    	
$
    	
 
    	
 
    	
$
    	
 
    	
 
    	
 
    	
 
    

 

[7.            (Trade Date):                              (10)

 

Effective Date:                          ,,  20   [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WIITCH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]

 

(6) List each Assignor, as appropriate.

 

(7) List each Assignee, as appropriate.

 

(8) Subject to minimum amount requirements  pursuant to Section 10.06(b)(i) of the Credit Agreement and subject to proportionate amount requirements pursuant to Section 10.06(b)(ii) of the Credit Agreement.

 

(9) Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder.

 

(10) To be completed if the Assignor and the Assignee intend that the minimum assignment  amount is to be determined as of the Trade Date.

 

 

The terms set forth in this Assignment and Assumption are hereby agreed to:

 

	
 
    	
 
    	
ASSIGNOR
    
	
 
    	
 
    	
[NAME   OF ASSIGNOR]
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    
	
 
    	
 
    	
 
    	
Title:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
ASSIGNEE
    
	
 
    	
 
    	
[NAME   OF ASSIGNEE]
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    
	
 
    	
 
    	
 
    	
Title:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Acknowledged,   consented to: (11)
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
BANK   OF AMERICA, N.A., as Administrative Agent
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
 
    	
 
    	
 
    
	
 
    	
Title:
    	
 
    	
 
    

 

(11)  To the extent required under Section 10.06(b)(i)(B), Section10.06(b)(i)(C), or Section 10.06(b)(iii)(B) of the Credit Agreement.

 

 

	
Acknowledged and consented to:(12)
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
BANK OF AMERICA, N.A., as Swing Line Lender
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
 
    	
 
    	
 
    
	
Title:
    	
 
    	
 
    	
 
    

 

(12) To the extent required under Section 10.06(b)(iii)(D) of the Credit Agreement.

 

 

	
Acknowledged and consented to:(13)
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
.                        ,,  as LC Issuer]
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
 
    	
 
    	
 
    
	
Title:
    	
 
    	
 
    	
 
    

 

(13) To the extent required under Section 10.06(b)(iii)(C) of the Credit Agreement.

 

 

	
Acknowledged    and consented to:(14)
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
THE   PEP BOYS- MANNY, MOE & JACK, as the Lead Borrower
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
 
    	
 
    	
 
    
	
Title:
    	
 
    	
 
    	
 
    

 

(14) To the extent required under Section 10.06(b)(i)(B), Section 10.06(b)(i)(C), or Section 10.06(b)(iii)(A) of the Credit Agreement.

 

 

ANNEX 1 TO ASSIGNMENT AND ASSUMPTION

 

Reference is made to a certain Credit Agreement dated as of January 16, 2009 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), entered into by, among others, The Pep Boys- Manny, Moe & Jack, as Lead Borrower, the other Borrowers from time to time party thereto, the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent and Collateral Agent.

 

STANDARD TERMS AND CONDITIONS FOR ASSIGNMENT AND ASSUMPTION

 

1.        Representations and Warranties.

 

1.1.          Assignor.  [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][[the relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii)  it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby; and (b)  assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Loan Document, (ii)  the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Loan Parties or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Loan Parties or any other Person of any of their respective obligations under any Loan Document.

 

1.2.          Assignee.  [The][Each] Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all the requirements to be an Eligible Assignee under the Credit Agreement (subject to such consents, if any, as may be required under Section 10.06(b) of the Credit Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by [the][such] Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire [the][such] Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 6.01 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, (vi) it has, independently and without reliance upon the Administrative Agent, the Collateral Agent, or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, and (vii) if it is a Foreign Lender, attached hereto is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by [the][such] Assignee; and (b) agrees that (i) it will, independently and without reliance upon the Administrative Agent, the Collateral Agent, [the][any] Assignor or any other Lender, 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 Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender.

 

 

2.             Payments.  From and after the Effective Date, the Administrative Agent shall make all payments in respect of [the][each] Assigned Interest (including payments of principal, interest, fees and other amounts) to [the][the relevant] Assignor for amounts which have accrued to but excluding the Effective Date and to [the][the relevant] Assignee for amounts which have accrued from and after the Effective Date.

 

3.             General Provisions.  This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns.  This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument.  Delivery of an executed counterpart of a signature page of this Assignment and Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by, and construed in accordance with, the law of the State of New York (except for the conflict of laws rules thereof, but including general obligations law sections 5-1401 and 5-1402).

 

4.             Fees.  Unless waived by the Administrative Agent in accordance with section 10.06(b)(iv), this Assignment and Assumption shall be delivered to the Administrative Agent with a processing and recordation fee of $3,500.00.

 

 

EXHIBIT  F: Borrowing Base Certificate

 

	
The Pep Boys - Manny. Moe & Jack (“The Borrower”)
    	
 
    	
 
    	
 
    	
 
    
	
REVOLVING LINE OF CREDIT AVAILABILITY CALCULATION
    	
 
    	
 
    	
 
    	
 
    
	
Cost Stock Ledger Model
    	
 
    	
Cert. No.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Ending   Inventory Per Stock Ledger, as of:
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Add: 
    	
Eligible   In-Transit Inventory Per Credit Agreement
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
DC   In-Transit to Puerto Rico
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Stores   In-Transit to DC - Overstock
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Display   Units (at 60% pending inclusion in appraisal)
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Pepsi   Inventory (at 50%)
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Less: 
    	
Cores   in Stock Ledger
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Loaner   Tools
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Shrink   Reserve (Pep accrued shrink)
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Excluded   inventory pending EPA settlement
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
QOH   Adjustment
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Total   Eligible Inventory, as of:
    	
 
    	
 
    	
 
    	
 
    	
 
    	
(A)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Advance   Rate:
    	
 
    	
 
    	
 
    	
(B)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Net   Inventory Availability (AxB)
    	
 
    	
 
    	
 
    	
(C)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Eligible   Credit Card Receivables, as of:
    	
 
    	
 
    	
 
    	
 
    	
 
    	
(D)
    
	
Advance   Rate:
    	
 
    	
 
    	
 
    	
(E)
    
	
Net   Credit Card Receivables Availability (DxE)
    	
 
    	
 
    	
 
    	
(F)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Accounts   Receivable, Commercial, as of:
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Less: 
    	
APD   Pay Plan
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Cash   as Credit
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Extended   Terms
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Past   Due Over 60 Days
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Credits   in Prior
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Cross   Aging
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Contra   Accounts
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Chargebacks
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Other   ineligibles per credit agreement
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Sub Total
    	
 
    	
 
    	
 
    	
(G)
    
	
 
    	
Dilution   Reserve%
    	
 
    	
 
    	
 
    	
(H)
    
	
 
    	
Dilution   Reserve (GxH)
    	
 
    	
 
    	
 
    	
{I)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Eligible   Accounts Receivable (G-1)
    	
 
    	
 
    	
 
    	
(J)
    
	
Advance   Rate:
    	
 
    	
 
    	
 
    	
(K)
    
	
Net   Third Party Accounts Receivable Availability (JxK)
    	
 
    	
 
    	
 
    	
(L)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Less   without duplication of any other reserves or eligibility criteria:
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Customer Credit Liabilities Reserve (50%)
    	
 
    	
 
    	
 
    	
(M)
    
	
Unprocessed In-Store Payments
    	
 
    	
 
    	
 
    	
(N)
    
	
Availability Block (5%) (C+F+L)x5%
    	
 
    	
 
    	
 
    	
(O)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Uncapped   Borrowing Base (C+F+L·M-N-0)
    	
 
    	
 
    	
 
    	
(P)
    
	
Domestic   Commitment ($300,000,000)
    	
 
    	
300,000
    	
 
    	
(Q)
    
	
Borrowing   Base (lesser of P or Q)
    	
 
    	
 
    	
 
    	
(A)
    
								

 

(B) Current Advance Rate = 85% x 65.8% = 55.93%.  Advance Rate equals the product of (i) Appraisal Percentage  times (il) Appraised Value.

 

1

 

availability

 

 

 

	
The Pep Boys - Manny. Moe & Jack (“The   Borrower”)
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Availability Calculation
    	
 
    	
 
    	
 
    	
 
    
	
Beginning   Principal Balance
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Add prior days advance
    	
 
    	
 
    	
 
    	
 
    
	
Add fees charged today
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Less prior day’s pay down
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Ending   principal balance Pep Boys
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Add Letters of Credit Pep Boys
    	
 
    	
 
    	
 
    	
 
    
	
Documentary LC
    	
 
    	
 
    	
 
    	
(T)
    
	
Standby LC
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Total   liability prior to request
    	
 
    	
 
    	
 
    	
(U)
    
	
Not to exceed 
    	
$
    	
300,000
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Excess   Availability prior to today’s request (S-U)
    	
 
    	
 
    	
 
    	
(V)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Advance Request
    	
 
    	
 
    	
 
    	
(W)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Excess   Availability after today’s request (V·W)
    	
 
    	
 
    	
 
    	
 
    
								

 

 

The undersigned represents and warrants that (a) the information set forth above has been prepared in accordance  with the requirements of the Senior Secured, Super-Priority, Debtor-in-Possession Credit Agreement (as amended, modified or supplemented from time to time “the Credit Agreement”) between the Borrowers and Bank of America, N.A., as Administrative  Agent; (b) no Default or Event of Default (as such terms are defined in the Credit Agreement) are presently in existence; and (c) all or a portion of the advance requested hereby will be set aside by the Borrowers to cover 100% of the Borrowers’ obligation for sales tax on account of sales since the most recent borrowing under the Credit Agreement.

 

	
Authorized   Signer
    	
Lead Borrower:
    	
The   Pep Boys - Manny, Moe, & Jack
    
	
 
    	
By:
    	
 
    
	
 
    	
Name:
    	
 
    
	
 
    	
Title:
    	
 
    

 

1

 

	
Adlusted   Availability Calculation (11)
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Net   Inventory Availability
    	
 
    	
 
    	
 
    	
(A)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Net   Credit Card Receivables Availability
    	
 
    	
 
    	
 
    	
(B)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Net   Third Party Accounts Receivable Availability
    	
 
    	
 
    	
 
    	
(C)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Availability   Reserves, excluding Availability Block
    	
 
    	
 
    	
 
    	
(D)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Adjusted   Borrowing Base (A+B+C-D)
    	
 
    	
 
    	
 
    	
(E)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Aggregate   Commitment ($300,000,000)
    	
 
    	
300,000
    	
 
    	
(F)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Adjusted   Availability (lesser of E or F)
    	
 
    	
 
    	
 
    	
(G)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Unpaid   Balance of Credit Extensions
    	
 
    	
 
    	
 
    	
(H)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Net   Adjusted Availability (G-H)
    	
 
    	
 
    	
 
    	
(I)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Liquidity   Event:
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Liquidity   Event Availability Percentage
    	
 
    	
 
    	
 
    	
(I   +G)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Liquidity   Event Availability Trigger
    	
 
    	
17.5%
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Liquidity   Event (Yes or No)
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Accelerated   Borrowing Base Delivery Event CABBD Event”):
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
ABBD   Event Availability Percentage
    	
 
    	
 
    	
 
    	
(I   +G)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
ABBD   Event Availability Trigger
    	
 
    	
17.5%
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
ABBD   Event (Yes or No)
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Covenant   Compliance Event:
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Net   Adjusted Availability
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Covenant   Compliance Event Availability Trigger(> of 17.5% x Adjusted Availability   or $50MM)
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Covenant   Compliance Event (Yes or No)
    	
 
    	
 
    	
 
    	
 
    

 

(1) The adjusted availability calculation excludes the Availability Block in the calculation of Availability for purposes of the Accelerated Borrowing Base Delivery Event, Covenant Compliance Event, and Liquidity Event

 

 

Schedule 1.01

 

Borrowers

 

The Pep Boys- Manny, Moe & Jack

 

The Pep Boys Manny Moe & Jack of California Pep

 

Boys - Manny, Moe & Jack of Delaware, Inc. Pep

 

Boys- Manny, Moe & Jack of Puerto Rico, Inc.

 

 

Schedule 1.02

 

Guarantors

 

Carrus Supply Corporation

 

PBY Corporation

 

 

Schedule 1.03

 

Existing Letters of Credit

 

Documentary Letters of Credit

 

	
LC Ref.#
    	
 
    	
Amount
    	
 
    	
Beneficiary
    	
 
    	
Exp. Date
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
WIC023530U
    	
 
    	
$
    	
30,075.30
    	
 
    	
Primax   Wheel Corp.
    	
 
    	
1/22/2009
    	
 
    
	
WIC023777U
    	
 
    	
$
    	
353,582.17
    	
 
    	
Primax   Wheel Corp.
    	
 
    	
4/14/2009
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
TOTAL:
    	
 
    	
$
    	
383,657.47
    	
 
    	
 
    	
 
    	
 
    	
 
    

 

Standby Letters of Credit

 

	
LC Ref.#
    	
 
    	
Amount
    	
 
    	
Beneficiary
    	
 
    	
Exp. Date
    	
 
    	
Renewal Date
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
P414593
    	
 
    	
$
    	
11,730,000.00
    	
 
    	
Travelers   Insurance
    	
 
    	
10/12/2010
    	
 
    	
10/23/2009
    	
 
    
	
P417609
    	
 
    	
$
    	
4,525,000.00
    	
 
    	
ACE   USA
    	
 
    	
6/30/2010
    	
 
    	
7/19/2009
    	
 
    
	
P516828
    	
 
    	
$
    	
146,602.50
    	
 
    	
Board   of County Comm. of 
    	
 
    	
3/28/2010
    	
 
    	
9/25/2009
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
Arapahoue   County
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
W420898
    	
 
    	
$
    	
16,500,000.00
    	
 
    	
Zurich   American Insurance 
    	
 
    	
411/2010
    	
 
    	
5/16/2009
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
Company
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
WSM224627W
    	
 
    	
$
    	
13,600,000.00
    	
 
    	
National   Union Fire 
    	
 
    	
12/31/2010
    	
 
    	
4/1/2009
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
Insurance   Co.
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
WSM227266W
    	
 
    	
$
    	
40,000,000.00
    	
 
    	
JP   Morgan Chase Bank, N.A.
    	
 
    	
3/4/2010
    	
 
    	
8/13/2009
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
TOTAL:
    	
 
    	
$
    	
86,501,602.50
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    

 

 

Schedule 1.2

 

Commitments and Applicable Percentages

 

	
LENDER
    	
 
    	
COMMITMENT
    	
 
    	
APPLICABLE PERCENTAGE
    	
 
    
	
Bank of America, N.A.
    	
 
    	
$
    	
120,000,000.00
    	
 
    	
40.000000000
    	
%
    
	
Wells Fargo Retail Finance, LLC
    	
 
    	
$
    	
75,000,000.00
    	
 
    	
25.000000000
    	
%
    
	
Regions Bank
    	
 
    	
$
    	
50,000,000.00
    	
 
    	
16.666666667
    	
%
    
	
PNC Bank, National Association
    	
 
    	
$
    	
30,000,000.00
    	
 
    	
10.000000000
    	
%
    
	
Capital One Leverage Finance Corp.
    	
 
    	
$
    	
25,000,000.00
    	
 
    	
8.333333333
    	
%
    
	
TOTAL
    	
 
    	
$
    	
300,000,000.00
    	
 
    	
100.000000000
    	
%
    

 

 

Schedule 5.01

 

Loan Parties Organizational Information

 

	

   Legal Name of Entity
    	
 
    	
State of
   Incorporation
    	
 
    	
Secretary of State
   Corporate Number
    	
 
    	

   EIN
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
The   Pep Boys - Manny, Moe & Jack
    	
 
    	
Pennsylvania
    	
 
    	
275775
    	
 
    	
23-0962915
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
The   Pep Boys Manny Moe & Jack of California
    	
 
    	
California
    	
 
    	
151601
    	
 
    	
95-1099890
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Pep   Boys -Manny, Moe & Jack of Delaware, Inc.
    	
 
    	
Delaware
    	
 
    	
2468063
    	
 
    	
51-0363252
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Pep   Boys - Manny, Moe & Jack of Puerto Rico, Inc.
    	
 
    	
Delaware
    	
 
    	
2445141
    	
 
    	
51-0363784
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Carrus   Supply Corporation
    	
 
    	
Delaware
    	
 
    	
2455395
    	
 
    	
51-0363120
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
PBY   Corporation
    	
 
    	
Delaware
    	
 
    	
2107694
    	
 
    	
51-0302812
    

 

 

Schedule 5.05(d)

 

Internal Control Event

 

Subsequent to the issuance of the Borrowers’ condensed consolidated financial statements for the quarterly period ended May 5, 2007, the Borrowers determined that certain information presented in the condensed consolidating balance sheet as of May 5, 2007 and the related condensed consolidating statements of operations and cash flows for the thirteen weeks ended May 5, 2007 and April29, 2006 presented in the Borrowers’ supplemental guarantor information note contained errors.  The errors resulted from (i) the failure to correctly record consolidating intercompany journal entries between Pep Boys and the Subsidiary Guarantors (ii) the failure to correctly record certain reclassification entries to intercompany receivables and liabilities and (iii) the failure to consolidate PBY Corporation’s wholly owned subsidiary, The Pep Boys Manny Moe & Jack of California in the Subsidiary Guarantors column.  Borrowers corrected the errors and restated the condensed consolidating balance sheet, as of May 5, 2007, and the related condensed consolidating statements of operations and cash flows for the thirteen weeks ended May 5, 2007 and April29, 2006 included in the supplemental guarantor information note.  The correction of these errors did not affect the Borrowers’ previously reported interim or annual consolidated balance sheets, consolidated statements of operations, consolidated statements of stockholders’ equity or consolidated statements of cash flows.

 

With respect to the third quarter of fiscal 2007, Borrowers discovered that the impairment charge related to the store closure portion of its five-year strategic plan should be recorded in the third quarter instead of the fourth quarter as initially concluded.  This resulted in the delayed filing with the SEC of the Borrowers Quarterly Report on Form 10-Q for quarter ended November 3, 2007.

 

Borrowers have determined that the above-described errors collectively resulted in a material weakness in the financial close and reporting process as of November 3, 2007.

 

Since that time, Borrowers have continued to implement changes designed to enhance the effectiveness of its financial close and reporting process including (i) hiring staff and providing additional accounting research resources, (ii) improving process documentation and (iii) improving the review process by more senior accounting personnel.  However, as of November 1, 2008, Borrowers believe that their ongoing efforts to hire and train additional staff are not yet complete.  Accordingly, Borrowers cannot provide their constituents with reasonable assurance that the material weakness in the financial close and reporting process has been remediated.  Borrowers have retained experienced accounting consultants, other than Borrowers’ independent registered public accounting firm, with relevant accounting experience, skills and knowledge, to provide advice to Borrowers’ management in connection with the fiscal 2008 financial reporting process.

 

 

Schedule 5.06

 

Litigation

 

During the fourth quarter of 2006 and the first quarter of 2007, Borrowers were served with four separate lawsuits brought by former associates employed in California, each of which lawsuits purports to be a class action on behalf of all current and former California store associates. One or more of the lawsuits claim that the plaintiff was not paid for (i) overtime, (ii) accrued vacation time, (iii) all time worked (i.e. “off the clock” work) and/or (iv) late or missed meal periods or rest breaks. The plaintiffs also allege that Borrowers violated certain record keeping requirements arising out of the foregoing alleged violations. The lawsuits (i) claim these alleged practices are unfair business practices, (ii) request back pay, restitution, penalties, interest and attorney fees and (iii) request that Borrowers be enjoined from committing further unfair business practices.  Borrowers reached a settlement in principle regarding the accrued vacation time claims, which was preliminarily approved by the court on December 1, 2008.  The remaining purported class action claims have been settled and have received final court approval and are expected to be paid out in the fourth quarter of 2008.

 

In September 2005, we received an inquiry from the Environmental Protection Agency requesting records regarding our sales of merchandise that use small motors (generators and transportation merchandise). Lead Borrower has a settlement conference with the EPA scheduled for February 3, 2009, at which time Lead Borrower expects to make a settlement proposal to include injunctive relief and the payment of a monetary penalty. As a result of this investigation, in December 2008, Borrowers took precautionary action and removed certain inventory from sale. While Lead Borrower expects this inventory to ultimately be released for sale, all such inventory will be excluded from Eligible Inventory until such time as a settlement agreement is reached with the EPA.  Lead Borrower expects to increase the amount accrued for such matter in the fourth quarter of 2008.

 

Borrowers are also party to various other actions and claims which have arisen prior to the Closing Date in the normal course of business.

 

Borrowers believe that amounts accrued for awards or assessments in connection with all such matters are adequate. However, there exists a reasonable possibility of loss in excess of the amounts accrued, the amount of which cannot currently be estimated.  While Borrowers do not believe that the amount of such excess loss could be material to Borrowers’ financial position, taken as a whole, any such loss could have a Material Adverse Effect on Borrowers’ results of operations, taken as a whole, in the period(s) during which the underlying matters are resolved.

 

 

Schedule 5.08(b)(1)

 

Owned Real Estate

 

Attached

 

 

Schedule 5.08

 

	
Unit Code
    	
 
    	
Unit Name
    	
 
    	
Unit Address
    	
 
    	
City
    	
 
    	
State
    	
 
    	
Owned/Leased
    	
 
    
	
9
    	
 
    	
Hunting   Park
    	
 
    	
1050   East Hunting Park Avenue
    	
 
    	
Philadelphia
    	
 
    	
PA
    	
 
    	
OWNED
    	
 
    
	
10
    	
 
    	
Scranton
    	
 
    	
Rt   6, Scranton-carbondale Hwy
    	
 
    	
Scranton
    	
 
    	
PA
    	
 
    	
OWNED
    	
 
    
	
14
    	
 
    	
Stanton
    	
 
    	
6200   Stanton Avenue
    	
 
    	
Philadelphia
    	
 
    	
PA
    	
 
    	
OWNED
    	
 
    
	
15
    	
 
    	
Allentown
    	
 
    	
1901   Macarthur Road
    	
 
    	
Whitehall
    	
 
    	
PA
    	
 
    	
OWNED
    	
 
    
	
16
    	
 
    	
York
    	
 
    	
470   Loucks Road
    	
 
    	
York
    	
 
    	
PA
    	
 
    	
OWNED
    	
 
    
	
17
    	
 
    	
ColonialPark
    	
 
    	
4949   Jonestown Road
    	
 
    	
Harrisburg
    	
 
    	
PA
    	
 
    	
OWNED
    	
 
    
	
21
    	
 
    	
Carlisle   Pike
    	
 
    	
6100   Carlisle Pike
    	
 
    	
Mechanicsburg
    	
 
    	
PA
    	
 
    	
OWNED
    	
 
    
	
26
    	
 
    	
West   Chester
    	
 
    	
711   E. Gay Street
    	
 
    	
West   Chester
    	
 
    	
PA
    	
 
    	
OWNED
    	
 
    
	
29 
    	
 
    	
23rd   Street
    	
 
    	
2298   Ritner Street
    	
 
    	
Philadelphia
    	
 
    	
PA
    	
 
    	
OWNED
    	
 
    
	
32 
    	
 
    	
41st   Street
    	
 
    	
4101   Market Street
    	
 
    	
Philadelphia
    	
 
    	
PA
    	
 
    	
OWNED
    	
 
    
	
34
    	
 
    	
Oxford
    	
 
    	
101   Lincoln Highway
    	
 
    	
Fairless   Hills
    	
 
    	
PA
    	
 
    	
OWNED
    	
 
    
	
37
    	
 
    	
North   Rivers Ave.
    	
 
    	
6240   N. Rivers Ave.
    	
 
    	
N.   Charleston
    	
 
    	
sc
    	
 
    	
OWNED
    	
 
    
	
43
    	
 
    	
Gordon   Ave.
    	
 
    	
1725   Gordon Highway
    	
 
    	
Augusta
    	
 
    	
GA
    	
 
    	
OWNED
    	
 
    
	
44
    	
 
    	
Washington   Road
    	
 
    	
2728   Washington Road
    	
 
    	
Augusta
    	
 
    	
GA
    	
 
    	
OWNED
    	
 
    
	
47
    	
 
    	
Mandarin
    	
 
    	
9605   San Jose Blvd.
    	
 
    	
Jacksonville
    	
 
    	
FL
    	
 
    	
OWNED
    	
 
    
	
50
    	
 
    	
Toms   River
    	
 
    	
301   Route 37 East
    	
 
    	
Toms   River
    	
 
    	
NJ
    	
 
    	
OWNED
    	
 
    
	
54
    	
 
    	
Howell
    	
 
    	
4204   Route 9 South
    	
 
    	
Howell
    	
 
    	
NJ
    	
 
    	
OWNED
    	
 
    
	
55
    	
 
    	
Hazlet
    	
 
    	
72   Hazlet Avenue
    	
 
    	
Hazlet
    	
 
    	
NJ
    	
 
    	
OWNED
    	
 
    
	
56
    	
 
    	
Ocean   Township
    	
 
    	
1608   Highway 35
    	
 
    	
Ocean
    	
 
    	
NJ
    	
 
    	
OWNED
    	
 
    
	
61
    	
 
    	
Stratford
    	
 
    	
10   N. White Horse Pike
    	
 
    	
Stratford
    	
 
    	
NJ
    	
 
    	
OWNED
    	
 
    
	
62
    	
 
    	
Concord   Pike
    	
 
    	
2904   Concord Pike
    	
 
    	
Talleyville
    	
 
    	
DE
    	
 
    	
OWNED
    	
 
    
	
66
    	
 
    	
Prices   Comer
    	
 
    	
3207   Robert Kirkwood Hgwy.
    	
 
    	
Wilmington
    	
 
    	
DE
    	
 
    	
OWNED
    	
 
    
	
67
    	
 
    	
Dover
    	
 
    	
919   N. Dupont Highway
    	
 
    	
Dover
    	
 
    	
DE
    	
 
    	
OWNED
    	
 
    
	
68
    	
 
    	
Waldorf
    	
 
    	
3390   Crain Highway
    	
 
    	
Waldorf
    	
 
    	
MD
    	
 
    	
OWNED
    	
 
    
	
71
    	
 
    	
Langley   Park
    	
 
    	
1804   University Boulevard
    	
 
    	
West   Hyattsville
    	
 
    	
MD
    	
 
    	
OWNED
    	
 
    
	
74
    	
 
    	
Randallstown
    	
 
    	
8635   Liberty Road
    	
 
    	
Randalltown
    	
 
    	
MD
    	
 
    	
OWNED
    	
 
    
	
75
    	
 
    	
Route   40
    	
 
    	
6515   Baltimore NationalHighway
    	
 
    	
Baltimore
    	
 
    	
MD
    	
 
    	
OWNED
    	
 
    
	
79
    	
 
    	
Towson
    	
 
    	
1739   E. Joppa Road
    	
 
    	
Baltimore
    	
 
    	
MD
    	
 
    	
OWNED
    	
 
    
	
82
    	
 
    	
Davis   Highway
    	
 
    	
6340   N. Davis Hwy.
    	
 
    	
Pensacola
    	
 
    	
FL
    	
 
    	
OWNED
    	
 
    
	
83
    	
 
    	
West   Broad
    	
 
    	
4728   Wistar Road
    	
 
    	
Richmond
    	
 
    	
VA
    	
 
    	
OWNED
    	
 
    
	
85
    	
 
    	
Denbigh
    	
 
    	
13200   Warwick Boulevard
    	
 
    	
Newport   News
    	
 
    	
VA
    	
 
    	
OWNED
    	
 
    
	
88
    	
 
    	
Midlothian
    	
 
    	
6300   Midlothian Turnpike
    	
 
    	
Richmond
    	
 
    	
VA
    	
 
    	
OWNED
    	
 
    
	
90
    	
 
    	
Woodbridge
    	
 
    	
1641   Wigglesworth Way
    	
 
    	
Woodbridge
    	
 
    	
VA
    	
 
    	
OWNED
    	
 
    
	
91
    	
 
    	
Petersburg
    	
 
    	
3120   South Crater Road
    	
 
    	
Petersburg
    	
 
    	
VA
    	
 
    	
OWNED
    	
 
    
	
93
    	
 
    	
Macon
    	
 
    	
1230   Eiseinhower Parkway
    	
 
    	
Macon
    	
 
    	
GA
    	
 
    	
OWNED
    	
 
    
	
94
    	
 
    	
North   Tryan
    	
 
    	
4837   N. Tryon St.
    	
 
    	
Charlotte
    	
 
    	
NC
    	
 
    	
OWNED
    	
 
    
	
97
    	
 
    	
Conyers
    	
 
    	
1132   Northlake Drive
    	
 
    	
Conyers
    	
 
    	
GA
    	
 
    	
OWNED
    	
 
    
	
98
    	
 
    	
Rock   Hill
    	
 
    	
2514   North Cherry Road
    	
 
    	
Rock   Hill
    	
 
    	
sc
    	
 
    	
OWNED
    	
 
    
	
100
    	
 
    	
Virginia   Beach
    	
 
    	
1116   Lynnhaven Parkway
    	
 
    	
Virginia   Beach
    	
 
    	
VA
    	
 
    	
OWNED
    	
 
    
	
101
    	
 
    	
Buford   Highway
    	
 
    	
4105   Buford Highway
    	
 
    	
Chamblee
    	
 
    	
GA
    	
 
    	
OWNED
    	
 
    
	
103
    	
 
    	
Norcross
    	
 
    	
5820   Jimmy Carter Boulevard
    	
 
    	
Norcross
    	
 
    	
GA
    	
 
    	
OWNED
    	
 
    
	
108
    	
 
    	
Snellville
    	
 
    	
2207   East Main Street
    	
 
    	
Snellville
    	
 
    	
GA
    	
 
    	
OWNED
    	
 
    
	
112
    	
 
    	
Riverdale
    	
 
    	
7000   Clark Howell Highway 85
    	
 
    	
Riverdale
    	
 
    	
GA
    	
 
    	
OWNED
    	
 
    
	
114
    	
 
    	
Stone   Mountain
    	
 
    	
5848   Memorial Drive
    	
 
    	
Stone   Mountain
    	
 
    	
GA
    	
 
    	
OWNED
    	
 
    

 

 

	
117
    	
 
    	
Gretna
    	
 
    	
1100   Behrman Hwy
    	
 
    	
Gretna
    	
 
    	
LA
    	
 
    	
OWNED
    	
 
    
	
119
    	
 
    	
Lilburn
    	
 
    	
3965   Highway #29
    	
 
    	
Lilburn
    	
 
    	
GA
    	
 
    	
OWNED
    	
 
    
	
122
    	
 
    	
Panama   City
    	
 
    	
821   W. 23Rd Street
    	
 
    	
Panama   City
    	
 
    	
FL
    	
 
    	
OWNED
    	
 
    
	
124
    	
 
    	
West   Hillsborough
    	
 
    	
3933   W. Hillsborough
    	
 
    	
Tampa
    	
 
    	
FL
    	
 
    	
OWNED
    	
 
    
	
127
    	
 
    	
Gainsville
    	
 
    	
7725   W. Newberry Rd
    	
 
    	
Gainsville
    	
 
    	
FL
    	
 
    	
OWNED
    	
 
    
	
128
    	
 
    	
Gamer
    	
 
    	
1490   Us 70 West
    	
 
    	
Gamer
    	
 
    	
NC
    	
 
    	
OWNED
    	
 
    
	
129
    	
 
    	
Abercorn   Parkway
    	
 
    	
8702   Abercom Street
    	
 
    	
Savannah
    	
 
    	
GA
    	
 
    	
OWNED
    	
 
    
	
130
    	
 
    	
Dunn   Ave.
    	
 
    	
1105   Dunn Ave.
    	
 
    	
Jacksonville
    	
 
    	
FL
    	
 
    	
OWNED
    	
 
    
	
134
    	
 
    	
Broad   River Road
    	
 
    	
1804   Broad River Road
    	
 
    	
Columbia
    	
 
    	
sc
    	
 
    	
OWNED
    	
 
    
	
139
    	
 
    	
Brandon
    	
 
    	
1747   W. Brandon Blvd.
    	
 
    	
Brandon
    	
 
    	
FL
    	
 
    	
OWNED
    	
 
    
	
141
    	
 
    	
Bossier   City
    	
 
    	
2941   East Texas Avenue
    	
 
    	
Bossier   City
    	
 
    	
LA
    	
 
    	
OWNED
    	
 
    
	
142
    	
 
    	
Mobile   Hwy
    	
 
    	
4700   Mobile Hwy
    	
 
    	
Pennscola
    	
 
    	
FL
    	
 
    	
OWNED
    	
 
    
	
146
    	
 
    	
Old   Hickory
    	
 
    	
15001   Old Hickory Blvd
    	
 
    	
Nashville
    	
 
    	
TN
    	
 
    	
OWNED
    	
 
    
	
147
    	
 
    	
Slidell
    	
 
    	
1421   Gause Blvd
    	
 
    	
Slidell
    	
 
    	
LA
    	
 
    	
OWNED
    	
 
    
	
150
    	
 
    	
Independence   Blvd
    	
 
    	
9415   E. Independence Blvd.
    	
 
    	
Matthews
    	
 
    	
NC
    	
 
    	
OWNED
    	
 
    
	
151
    	
 
    	
Kingston   Pike
    	
 
    	
106   Market Place Blvd
    	
 
    	
Knoxville
    	
 
    	
TN
    	
 
    	
OWNED
    	
 
    
	
152
    	
 
    	
Decker   Blvd
    	
 
    	
2455   Decker Blvd
    	
 
    	
Columbia
    	
 
    	
sc
    	
 
    	
OWNED
    	
 
    
	
157
    	
 
    	
Little   Havana
    	
 
    	
SW   24th Avenue & SW Street Avenue
    	
 
    	
Miami
    	
 
    	
FL
    	
 
    	
OWNED
    	
 
    
	
164
    	
 
    	
Shreveport
    	
 
    	
8825   S Jewella Ave
    	
 
    	
Shreveport
    	
 
    	
LA
    	
 
    	
OWNED
    	
 
    
	
175
    	
 
    	
Willow   Grove
    	
 
    	
1509   Easton Road
    	
 
    	
Willow   Grove
    	
 
    	
PA
    	
 
    	
OWNED
    	
 
    
	
180
    	
 
    	
Etmont
    	
 
    	
1802   Hempstead Turnpike
    	
 
    	
Elmont
    	
 
    	
NY
    	
 
    	
OWNED
    	
 
    
	
181
    	
 
    	
Corpus   Christi
    	
 
    	
5106   S. Padre Island Dr
    	
 
    	
Corpus   Christi
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    
	
184
    	
 
    	
Greenville
    	
 
    	
2418   Laurens Rd
    	
 
    	
Greenville
    	
 
    	
sc
    	
 
    	
OWNED
    	
 
    
	
185
    	
 
    	
Airport   Highway
    	
 
    	
831   Montlimar Dr
    	
 
    	
Mobile
    	
 
    	
AL
    	
 
    	
OWNED
    	
 
    
	
190
    	
 
    	
Seekonk
    	
 
    	
216   Highland Avenue
    	
 
    	
Seekonk
    	
 
    	
MA
    	
 
    	
OWNED
    	
 
    
	
191
    	
 
    	
North   Little Rock
    	
 
    	
4228   East Mccain Blvd
    	
 
    	
N.   Little Rock
    	
 
    	
AR
    	
 
    	
OWNED
    	
 
    
	
192
    	
 
    	
West   Windsor
    	
 
    	
3505   Brunswick Pike
    	
 
    	
West   Windsor
    	
 
    	
NJ
    	
 
    	
OWNED
    	
 
    
	
194
    	
 
    	
Lake   Worth
    	
 
    	
4301   Lake Worth Road
    	
 
    	
Lake   Worth
    	
 
    	
FL
    	
 
    	
OWNED
    	
 
    
	
198
    	
 
    	
Bel   Air
    	
 
    	
408   Baltimore Pike
    	
 
    	
Bel   Air
    	
 
    	
MD
    	
 
    	
OWNED
    	
 
    
	
202
    	
 
    	
Springfield
    	
 
    	
1265   East Battlefield Rd
    	
 
    	
Springfield
    	
 
    	
MO
    	
 
    	
OWNED
    	
 
    
	
203
    	
 
    	
West   Springfield
    	
 
    	
180   Dagget Drive
    	
 
    	
West   Springfield
    	
 
    	
MA
    	
 
    	
OWNED
    	
 
    
	
208
    	
 
    	
Baton   Rouge
    	
 
    	
LA   State Rt. 426 & US Hwy 61
    	
 
    	
Baton   Rouge
    	
 
    	
LA
    	
 
    	
OWNED
    	
 
    
	
210
    	
 
    	
North   Hills
    	
 
    	
4751   Mcknight Road
    	
 
    	
Pittsburgh
    	
 
    	
PA
    	
 
    	
OWNED
    	
 
    
	
212
    	
 
    	
Lafayette
    	
 
    	
5639   Johnston St
    	
 
    	
Lafayette
    	
 
    	
LA
    	
 
    	
OWNED
    	
 
    
	
213
    	
 
    	
Pleasant   Hills
    	
 
    	
320-330   Clairton Blvd., Route 51
    	
 
    	
Pleasant   Hills
    	
 
    	
PA
    	
 
    	
OWNED
    	
 
    
	
219
    	
 
    	
Dedham
    	
 
    	
570-580   Providence Highway
    	
 
    	
Dedham
    	
 
    	
MA
    	
 
    	
OWNED
    	
 
    
	
222
    	
 
    	
Orange
    	
 
    	
143-145   Boston-Post Road
    	
 
    	
Orange
    	
 
    	
CT
    	
 
    	
OWNED
    	
 
    
	
226
    	
 
    	
Sw   28Th Street
    	
 
    	
609   29Th Street S.W.
    	
 
    	
Wyoming
    	
 
    	
Ml
    	
 
    	
OWNED
    	
 
    
	
228
    	
 
    	
Covington   Hwy
    	
 
    	
5380   Covington Highway
    	
 
    	
Decatur
    	
 
    	
GA
    	
 
    	
OWNED
    	
 
    
	
236
    	
 
    	
Hamilton   Road
    	
 
    	
2830   South Hamilton Rd
    	
 
    	
Columbus
    	
 
    	
OH
    	
 
    	
OWNED
    	
 
    
	
237
    	
 
    	
Morse   Road
    	
 
    	
1321   Morse Road
    	
 
    	
Columbus
    	
 
    	
OH
    	
 
    	
OWNED
    	
 
    
	
240
    	
 
    	
Miami   Township
    	
 
    	
8497   Springbord Pike
    	
 
    	
Dayton
    	
 
    	
OH
    	
 
    	
OWNED
    	
 
    
	
257
    	
 
    	
Springfield
    	
 
    	
1177 &   1191 Boston Rd
    	
 
    	
Springfield
    	
 
    	
MA
    	
 
    	
OWNED
    	
 
    
	
258
    	
 
    	
East   Tremont Ave
    	
 
    	
2633   East Tremont Ave.
    	
 
    	
Bronx
    	
 
    	
NY
    	
 
    	
OWNED
    	
 
    
	
259
    	
 
    	
Florence   Mall
    	
 
    	
832   Heights Blvd
    	
 
    	
Florence
    	
 
    	
KY
    	
 
    	
OWNED
    	
 
    
	
260
    	
 
    	
Eastgate   Mall
    	
 
    	
4436   Gleneste-Withamvl Road
    	
 
    	
Cincinnati
    	
 
    	
OH
    	
 
    	
OWNED
    	
 
    

 

 

	
263
    	
 
    	
Boardman
    	
 
    	
215   Boardman Poland Rd
    	
 
    	
Boardman
    	
 
    	
OH
    	
 
    	
OWNED
    	
 
    
	
269
    	
 
    	
Trolwood
    	
 
    	
5221   Salem Pike
    	
 
    	
Trolwood
    	
 
    	
OH
    	
 
    	
OWNED
    	
 
    
	
276
    	
 
    	
Alpine
    	
 
    	
3737   Alpine Avenue
    	
 
    	
Comstock   Park
    	
 
    	
Ml
    	
 
    	
OWNED
    	
 
    
	
277
    	
 
    	
Waterbury
    	
 
    	
699   Wilcott Street
    	
 
    	
Waterbury
    	
 
    	
CT
    	
 
    	
OWNED
    	
 
    
	
286
    	
 
    	
Farmington
    	
 
    	
28210   West 8 Mile Road
    	
 
    	
Farmington   Hills
    	
 
    	
Ml
    	
 
    	
OWNED
    	
 
    
	
288
    	
 
    	
Western   Hills
    	
 
    	
5495   Glenway Avenue
    	
 
    	
Cinncinati
    	
 
    	
OH
    	
 
    	
OWNED
    	
 
    
	
289
    	
 
    	
Portage
    	
 
    	
5630   S. Westnedge Ave
    	
 
    	
Kalamazoo
    	
 
    	
Ml
    	
 
    	
OWNED
    	
 
    
	
292
    	
 
    	
Coral   Springs
    	
 
    	
2100   Unviersity Drive
    	
 
    	
CoralSprings
    	
 
    	
FL
    	
 
    	
OWNED
    	
 
    
	
337
    	
 
    	
Washington   St.
    	
 
    	
7201   E. Washington Street
    	
 
    	
Indianapolis
    	
 
    	
IN
    	
 
    	
OWNED
    	
 
    
	
338
    	
 
    	
Lafayette
    	
 
    	
4540   N. Lafayette Rd.,Suite A
    	
 
    	
Indianapolis
    	
 
    	
IN
    	
 
    	
OWNED
    	
 
    
	
348
    	
 
    	
Bayshore
    	
 
    	
1321   Sunrise Highway
    	
 
    	
Bayshore
    	
 
    	
NY
    	
 
    	
OWNED
    	
 
    
	
372
    	
 
    	
Cranberry
    	
 
    	
20229   Route 19
    	
 
    	
Cranberry
    	
 
    	
PA
    	
 
    	
OWNED
    	
 
    
	
376
    	
 
    	
Plantation
    	
 
    	
12251   West Sunrise Blvd.
    	
 
    	
Plantation
    	
 
    	
FL
    	
 
    	
OWNED
    	
 
    
	
378
    	
 
    	
Landover   Hills
    	
 
    	
6825   Annapolis Road
    	
 
    	
Landover   Hills
    	
 
    	
MD
    	
 
    	
OWNED
    	
 
    
	
383
    	
 
    	
Duluth
    	
 
    	
4055   Pleasant Hill Road
    	
 
    	
Duluth
    	
 
    	
GA
    	
 
    	
OWNED
    	
 
    
	
386
    	
 
    	
Lawrenceville
    	
 
    	
585   W. Pike Street
    	
 
    	
Lawrenceville
    	
 
    	
GA
    	
 
    	
OWNED
    	
 
    
	
391
    	
 
    	
East   Virginia Beach
    	
 
    	
321   Hutton Lane
    	
 
    	
Virginia   Beach
    	
 
    	
VA
    	
 
    	
OWNED
    	
 
    
	
406
    	
 
    	
East   Evans
    	
 
    	
7205   East Evans Avenue
    	
 
    	
Denver
    	
 
    	
co
    	
 
    	
OWNED
    	
 
    
	
414
    	
 
    	
Salem
    	
 
    	
230   Highland Avenue
    	
 
    	
Salem
    	
 
    	
MA
    	
 
    	
OWNED
    	
 
    
	
421
    	
 
    	
West   Hartford
    	
 
    	
1006   New Britain Avenue
    	
 
    	
West   Hartford
    	
 
    	
CT
    	
 
    	
OWNED
    	
 
    
	
426
    	
 
    	
Sterling   Heights
    	
 
    	
39755   Vandyke
    	
 
    	
Sterling   Heights
    	
 
    	
Ml
    	
 
    	
OWNED
    	
 
    
	
428
    	
 
    	
Kettering
    	
 
    	
3022   Wilmington Pike
    	
 
    	
Kettering
    	
 
    	
OH
    	
 
    	
OWNED
    	
 
    
	
430
    	
 
    	
Bertin
    	
 
    	
260   Route 73 North
    	
 
    	
Bertin
    	
 
    	
NJ
    	
 
    	
OWNED
    	
 
    
	
436
    	
 
    	
Queens   Village
    	
 
    	
208-222   Jamaica Avenue
    	
 
    	
Queens
    	
 
    	
NY
    	
 
    	
OWNED
    	
 
    
	
444
    	
 
    	
Irondequoit
    	
 
    	
711   East Ridge Road
    	
 
    	
Rochester
    	
 
    	
NY
    	
 
    	
OWNED
    	
 
    
	
446
    	
 
    	
Parsippany
    	
 
    	
1440   East Route 46
    	
 
    	
Parsippany
    	
 
    	
NJ
    	
 
    	
OWNED
    	
 
    
	
504
    	
 
    	
Coon   Rapids
    	
 
    	
3325   124Th Ave. Nw
    	
 
    	
Coon   Rapids
    	
 
    	
MN
    	
 
    	
OWNED
    	
 
    
	
514
    	
 
    	
Homewood
    	
 
    	
18024   South Halsted Street
    	
 
    	
Homewood
    	
 
    	
IL
    	
 
    	
OWNED
    	
 
    
	
551
    	
 
    	
Salisbury
    	
 
    	
1628   North Salisbury Blvd
    	
 
    	
Salisbury
    	
 
    	
MD
    	
 
    	
OWNED
    	
 
    
	
578
    	
 
    	
Bremerton
    	
 
    	
1600   NE Fumeys Lane
    	
 
    	
Bremerton
    	
 
    	
WA
    	
 
    	
OWNED
    	
 
    
	
604
    	
 
    	
Hollywood
    	
 
    	
6125   Hollywood Blvd.
    	
 
    	
Hollywood
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
607
    	
 
    	
Pasadena
    	
 
    	
1135   East Colorado Blvd.
    	
 
    	
Pasadena
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
609
    	
 
    	
Santa   Ana
    	
 
    	
120   East 1St Street
    	
 
    	
Santa   Ana
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
612
    	
 
    	
Washington
    	
 
    	
1200   West Washington Blvd.
    	
 
    	
Los   Angeles
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
614
    	
 
    	
Pico
    	
 
    	
10644   West Pico Blvd.
    	
 
    	
Los   Angeles
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
616
    	
 
    	
Pomona
    	
 
    	
336   East Holt Avenue
    	
 
    	
Pomona
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
618
    	
 
    	
Burbank
    	
 
    	
254   West Olive
    	
 
    	
Burbank
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
619
    	
 
    	
Simi   Valley
    	
 
    	
660   West Los Angeles Suite A
    	
 
    	
Simi   Valley
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
622
    	
 
    	
Bakersfield
    	
 
    	
2411   F Street
    	
 
    	
Bakersfield
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
624
    	
 
    	
Fresno
    	
 
    	
716   Broadway
    	
 
    	
Fresno
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
626
    	
 
    	
Oracle
    	
 
    	
3783   North Oracle Road
    	
 
    	
Tuscon
    	
 
    	
AZ
    	
 
    	
OWNED
    	
 
    
	
630
    	
 
    	
Inglewood
    	
 
    	
200   East Spruce Avenue
    	
 
    	
Inglewood
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
633
    	
 
    	
BellRoad
    	
 
    	
2754   East Bell Road
    	
 
    	
Phoenix
    	
 
    	
AZ
    	
 
    	
OWNED
    	
 
    
	
634
    	
 
    	
Modesto
    	
 
    	
1340   Mchenry Avenue
    	
 
    	
Modesto
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
635
    	
 
    	
San   Fernando
    	
 
    	
1231   San Fernando Road
    	
 
    	
San   Fernando
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
636
    	
 
    	
Pep   Boys
    	
 
    	
10227   Lakewood Blvd.
    	
 
    	
Downey
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    

 

 

	
639
    	
 
    	
Blackstone
    	
 
    	
3655   North Blackstone
    	
 
    	
Fresno
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
643
    	
 
    	
Indian   School Rd
    	
 
    	
6666   West Indian School Rd.
    	
 
    	
Phoenix
    	
 
    	
AZ
    	
 
    	
OWNED
    	
 
    
	
645
    	
 
    	
Tucson
    	
 
    	
1300   South 6Th Avenue
    	
 
    	
Tucson
    	
 
    	
AZ
    	
 
    	
OWNED
    	
 
    
	
647 
    	
 
    	
67th   Street
    	
 
    	
6714   ElCajon Blvd.
    	
 
    	
San   Diego
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
650
    	
 
    	
Oxnard
    	
 
    	
939   South Oxnard
    	
 
    	
Oxnard
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
652
    	
 
    	
Atlantic
    	
 
    	
256   South Atlantic
    	
 
    	
Los   Angeles
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
653
    	
 
    	
Westminster
    	
 
    	
15221   Beach Blvd.
    	
 
    	
Westminster
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
656
    	
 
    	
Torrance
    	
 
    	
3124   Sepulveda Boulevard
    	
 
    	
Torrance
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
660
    	
 
    	
Costa   Mesa
    	
 
    	
2946   Bristol Street
    	
 
    	
Costa   Mesa
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
668
    	
 
    	
Clovis
    	
 
    	
693   West Shaw Avenue
    	
 
    	
Clovis
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
669
    	
 
    	
Country   Club
    	
 
    	
1233   South Country Club Dr.
    	
 
    	
Mesa
    	
 
    	
AZ
    	
 
    	
OWNED
    	
 
    
	
670
    	
 
    	
Decatur
    	
 
    	
506   South Decatur
    	
 
    	
Las   Vegas
    	
 
    	
NV
    	
 
    	
OWNED
    	
 
    
	
674
    	
 
    	
Yuma
    	
 
    	
155   East 32Nd Street
    	
 
    	
Yuma
    	
 
    	
AZ
    	
 
    	
OWNED
    	
 
    
	
677
    	
 
    	
Stockdale   Town Center
    	
 
    	
4605   Planz Road
    	
 
    	
Bakersfield
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
683
    	
 
    	
North   Las Vegas
    	
 
    	
2030   Las Vegas Blvd.
    	
 
    	
North   Las Vegas
    	
 
    	
NV
    	
 
    	
OWNED
    	
 
    
	
684
    	
 
    	
Scottsdale
    	
 
    	
2524   Scottsdale Road
    	
 
    	
South   Scottsdale
    	
 
    	
AZ
    	
 
    	
OWNED
    	
 
    
	
687
    	
 
    	
Flagstaff
    	
 
    	
1919   North 4Th Street
    	
 
    	
Flagstaff
    	
 
    	
AZ
    	
 
    	
OWNED
    	
 
    
	
688
    	
 
    	
Sahara
    	
 
    	
637   E. Sahara Ave.
    	
 
    	
Las   Vegas
    	
 
    	
NV
    	
 
    	
OWNED
    	
 
    
	
689
    	
 
    	
Sierra   Vista
    	
 
    	
1255   East Fry Boulevard
    	
 
    	
Sierra   Vista
    	
 
    	
AZ
    	
 
    	
OWNED
    	
 
    
	
690
    	
 
    	
Magnolia
    	
 
    	
10831   Magnolia Ave.
    	
 
    	
Riverside
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
695
    	
 
    	
Juan   Tabo
    	
 
    	
1308   Juan Tabo North East
    	
 
    	
Albuquerque
    	
 
    	
NM
    	
 
    	
OWNED
    	
 
    
	
697
    	
 
    	
Central
    	
 
    	
4523   Central Avenue
    	
 
    	
N.W.   Albuquerque
    	
 
    	
NM
    	
 
    	
OWNED
    	
 
    
	
699
    	
 
    	
Mesa
    	
 
    	
2900   North Mesa
    	
 
    	
El   Paso
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    
	
700
    	
 
    	
Las   Cruces
    	
 
    	
1203   East Lohman Avenue
    	
 
    	
Las   Cruces
    	
 
    	
NM
    	
 
    	
OWNED
    	
 
    
	
703
    	
 
    	
Garland
    	
 
    	
2002   North West Highway
    	
 
    	
Garland
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    
	
704
    	
 
    	
Plano
    	
 
    	
928   Spring Creek Parkway
    	
 
    	
Plano
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    
	
705
    	
 
    	
Irving
    	
 
    	
1950   BeiUina Road
    	
 
    	
Irving
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    
	
708
    	
 
    	
Reno
    	
 
    	
5000   Smithridge Drive
    	
 
    	
Reno
    	
 
    	
NV
    	
 
    	
OWNED
    	
 
    
	
709
    	
 
    	
Sparks
    	
 
    	
300   East Prater Way
    	
 
    	
Sparks
    	
 
    	
NV
    	
 
    	
OWNED
    	
 
    
	
711
    	
 
    	
West   Lane
    	
 
    	
4987   West Lane
    	
 
    	
Stockton
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
712
    	
 
    	
Rancho   Cordova
    	
 
    	
10899   Folsom Boulevard
    	
 
    	
Rancho   Cordova
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
713
    	
 
    	
Walzem
    	
 
    	
5616Waslem
    	
 
    	
San   Antonio
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    
	
714
    	
 
    	
Sacramento
    	
 
    	
5895   47Th & Stockton Blvd.
    	
 
    	
Sacramento
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
715
    	
 
    	
Cooper
    	
 
    	
2710   South Cooper
    	
 
    	
Arlington
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    
	
716
    	
 
    	
Camp   Wisdom
    	
 
    	
4010   Camp Wisdom Road
    	
 
    	
Dallas
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    
	
719
    	
 
    	
Citrus   Heights
    	
 
    	
5135   Auburn Blvd.
    	
 
    	
Sacramento
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
721
    	
 
    	
Carrollton
    	
 
    	
1455   West Trinity Mills
    	
 
    	
Carrollton
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    
	
722
    	
 
    	
Camp   Bowie
    	
 
    	
7208   Highway 80 West
    	
 
    	
Fort   Worth
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    
	
723
    	
 
    	
Arden   Way
    	
 
    	
2500   Arden Way
    	
 
    	
Sacramento
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
725
    	
 
    	
Arlington
    	
 
    	
1212   No. Collins St.
    	
 
    	
Arlington
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    
	
726
    	
 
    	
Buckner
    	
 
    	
1710   Buckner Blvd. So.
    	
 
    	
Dallas
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    
	
727
    	
 
    	
Lake   Worth
    	
 
    	
6500   Lake Worth Blvd.
    	
 
    	
Lake   Worth
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    
	
728
    	
 
    	
Ina   Road
    	
 
    	
4275   W. Ina Roed
    	
 
    	
Tucson
    	
 
    	
AZ
    	
 
    	
OWNED
    	
 
    
	
729
    	
 
    	
Mccart
    	
 
    	
6725   Mccart Ave.
    	
 
    	
Fort   Worth
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    
	
730
    	
 
    	
Montclair
    	
 
    	
5150   Arrow Highway
    	
 
    	
Montclair
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
731
    	
 
    	
North   Richland Hills
    	
 
    	
6755   North East Loop 820
    	
 
    	
N.   Richland Hills
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    

 

 

	
734
    	
 
    	
San   Pedro
    	
 
    	
6200   San Pedro Avenue
    	
 
    	
San   Antonio
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    
	
735
    	
 
    	
Chandler
    	
 
    	
400   S. Arizona Ave.
    	
 
    	
Chandler
    	
 
    	
AZ
    	
 
    	
OWNED
    	
 
    
	
736
    	
 
    	
Bedford
    	
 
    	
3305   Harwood Road
    	
 
    	
Bedford
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    
	
737
    	
 
    	
Marbach
    	
 
    	
8103   Marbach Road
    	
 
    	
San   Antonio
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    
	
738
    	
 
    	
East   Main
    	
 
    	
7715   E. Main St.
    	
 
    	
Mesa
    	
 
    	
AZ
    	
 
    	
OWNED
    	
 
    
	
743
    	
 
    	
Niles
    	
 
    	
4014   E. Niles
    	
 
    	
Bakersfield
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
744
    	
 
    	
Leon   Valley
    	
 
    	
7680   Bandera Rd.
    	
 
    	
San   Antonio
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    
	
745
    	
 
    	
Westmoreland
    	
 
    	
3120   Fortworth Ave.
    	
 
    	
Dallas
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    
	
746
    	
 
    	
WWWhite
    	
 
    	
1956   S. W.W. White
    	
 
    	
San   Antonio
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    
	
748
    	
 
    	
Peoria
    	
 
    	
7440   W. Peoria Ave.
    	
 
    	
Peoria
    	
 
    	
AZ
    	
 
    	
OWNED
    	
 
    
	
749
    	
 
    	
Austin
    	
 
    	
8917   Research Blvd.
    	
 
    	
Austin
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    
	
750
    	
 
    	
Ave   Of Americas
    	
 
    	
200   S.Ave Of Americas
    	
 
    	
El   Paso
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    
	
753
    	
 
    	
Sierra   Plaza
    	
 
    	
7465   N. Mesa
    	
 
    	
EIPaso
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    
	
754
    	
 
    	
South   Walker
    	
 
    	
7600   S. Walker
    	
 
    	
Oklahoma
    	
 
    	
OK
    	
 
    	
OWNED
    	
 
    
	
755
    	
 
    	
Midwest   City
    	
 
    	
6700   E. Reno Ave.
    	
 
    	
Midwest   City
    	
 
    	
OK
    	
 
    	
OWNED
    	
 
    
	
757
    	
 
    	
Van   Buren
    	
 
    	
2502   W. Van Buren
    	
 
    	
Phoenix
    	
 
    	
AZ
    	
 
    	
OWNED
    	
 
    
	
760
    	
 
    	
Harlingen
    	
 
    	
2321   W. Expressway 83
    	
 
    	
Hanigan
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    
	
761
    	
 
    	
Forest   Lane
    	
 
    	
2g92   Forest Lane
    	
 
    	
Dallas
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    
	
763
    	
 
    	
Bellflower
    	
 
    	
8533   Artesia Blvd.
    	
 
    	
Bellflower
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
765
    	
 
    	
Desoto
    	
 
    	
1550   N. Beckley
    	
 
    	
Lancaster
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    
	
766
    	
 
    	
Brownsville
    	
 
    	
2336   Boca Chica Blvd.
    	
 
    	
Brownsville
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    
	
767
    	
 
    	
Weslaco
    	
 
    	
1501   N. Texas Blvd.
    	
 
    	
Weslaco
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    
	
768
    	
 
    	
Mcallen
    	
 
    	
609   S. 10Th
    	
 
    	
Mcallen
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    
	
769
    	
 
    	
Kolb
    	
 
    	
7227   E. 22Nd St.
    	
 
    	
Tucson
    	
 
    	
AZ
    	
 
    	
OWNED
    	
 
    
	
772
    	
 
    	
Palmdale
    	
 
    	
3054   E. Palmdale Blvd.
    	
 
    	
Palmdale
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
773
    	
 
    	
Hesperia
    	
 
    	
15659   Main St.
    	
 
    	
Hesperia
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
784
    	
 
    	
Riverdale
    	
 
    	
4240   S. Riverdale Road
    	
 
    	
Riverdale
    	
 
    	
UT
    	
 
    	
OWNED
    	
 
    
	
785
    	
 
    	
West   Valley
    	
 
    	
2040   West 3500 South St.
    	
 
    	
West   Valley
    	
 
    	
UT
    	
 
    	
OWNED
    	
 
    
	
787
    	
 
    	
Tyler
    	
 
    	
3616   S. Broadway
    	
 
    	
Tyler
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    
	
788
    	
 
    	
Abilene
    	
 
    	
2473   S. Danville
    	
 
    	
Abilene
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    
	
791
    	
 
    	
Memorial
    	
 
    	
6714   South Memorial
    	
 
    	
Tulsa
    	
 
    	
OK
    	
 
    	
OWNED
    	
 
    
	
795
    	
 
    	
Nogales
    	
 
    	
 
    	
 
    	
Nogales
    	
 
    	
AZ
    	
 
    	
OWNED
    	
 
    
	
796
    	
 
    	
East   Central
    	
 
    	
5600   Central Ave.
    	
 
    	
Albuquerque
    	
 
    	
NM
    	
 
    	
OWNED
    	
 
    
	
816
    	
 
    	
Union   City
    	
 
    	
30085   Industrial Pkwy. SW
    	
 
    	
Union   City
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
818
    	
 
    	
Naperville
    	
 
    	
2936   West Ogden Avenue
    	
 
    	
Naperville
    	
 
    	
IL
    	
 
    	
OWNED
    	
 
    
	
822
    	
 
    	
Bedford   Park
    	
 
    	
7030   South Cicero Avenue
    	
 
    	
Bedford   Park
    	
 
    	
IL
    	
 
    	
OWNED
    	
 
    
	
824
    	
 
    	
Kellogg
    	
 
    	
9045   East Kellogg
    	
 
    	
WicMa
    	
 
    	
KS
    	
 
    	
OWNED
    	
 
    
	
826
    	
 
    	
Melrose   Park
    	
 
    	
2600   North Avenue
    	
 
    	
Melrose   Park
    	
 
    	
IL
    	
 
    	
OWNED
    	
 
    
	
830
    	
 
    	
Portsmouth
    	
 
    	
1   Durgin Lane
    	
 
    	
Portsmouth
    	
 
    	
NH
    	
 
    	
OWNED
    	
 
    
	
831
    	
 
    	
Hodgkins
    	
 
    	
6247   LaGrange Rd.
    	
 
    	
Hodgkins
    	
 
    	
IL
    	
 
    	
OWNED
    	
 
    
	
835
    	
 
    	
Matteson
    	
 
    	
21610   Cicero Ave.
    	
 
    	
Matteson
    	
 
    	
IL
    	
 
    	
OWNED
    	
 
    
	
837
    	
 
    	
Broadview
    	
 
    	
900   Broadview Village Square
    	
 
    	
Broadview
    	
 
    	
IL
    	
 
    	
OWNED
    	
 
    
	
843
    	
 
    	
Lombard
    	
 
    	
851   East Roosevelt Road
    	
 
    	
Lombard
    	
 
    	
IL
    	
 
    	
OWNED
    	
 
    
	
845
    	
 
    	
Kellogg   West
    	
 
    	
546   South West St
    	
 
    	
Wichita
    	
 
    	
KS
    	
 
    	
OWNED
    	
 
    
	
847
    	
 
    	
San   Leandro
    	
 
    	
14845   East 14th Street
    	
 
    	
San   Leandro
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
849
    	
 
    	
Manchester
    	
 
    	
875   South Willow Street
    	
 
    	
Manchseter
    	
 
    	
NH
    	
 
    	
OWNED
    	
 
    

 

 

	
851
    	
 
    	
Harbor   City
    	
 
    	
1315   Pacific Coast Highway
    	
 
    	
Harbor   City
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
856
    	
 
    	
Elston
    	
 
    	
2604   N. Elston Ave
    	
 
    	
Elston
    	
 
    	
IL
    	
 
    	
OWNED
    	
 
    
	
862
    	
 
    	
Rohnert   Park
    	
 
    	
4805   Redwood Dr
    	
 
    	
Rohnert   Park
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
868
    	
 
    	
Rancho   Drive
    	
 
    	
4141NorthRancho   Drive
    	
 
    	
Las   Vegas
    	
 
    	
NV
    	
 
    	
OWNED
    	
 
    
	
869
    	
 
    	
Henderson
    	
 
    	
408   South Boulder Highway
    	
 
    	
Henderson
    	
 
    	
NV
    	
 
    	
OWNED
    	
 
    
	
919
    	
 
    	
Bayamon
    	
 
    	
Carretera   Estatal #167 Int. Calle Los Milliones
    	
 
    	
Bayamon
    	
 
    	
PR
    	
 
    	
OWNED
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
#861
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
923
    	
 
    	
South   Ponce
    	
 
    	
Carretera   #2 Km 26.2
    	
 
    	
Bypass   Ponce
    	
 
    	
PR
    	
 
    	
OWNED
    	
 
    
	
926
    	
 
    	
Allamira
    	
 
    	
Route   17 Pinero Road 20 Martinez Nadel Altamira 
    	
 
    	
Guaynabo
    	
 
    	
PR
    	
 
    	
OWNED
    	
 
    
	
928
    	
 
    	
Santurce
    	
 
    	
Marginal   Baldorioty De Castro, Benitez Castano
    	
 
    	
Santurce
    	
 
    	
PR
    	
 
    	
OWNED
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
202
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
929
    	
 
    	
S.   Mayaguez
    	
 
    	
Avenida   Hostos #990
    	
 
    	
S.   Mayagues
    	
 
    	
PR
    	
 
    	
OWNED
    	
 
    
	
931
    	
 
    	
San   Sebastien
    	
 
    	
Carretera   111 Km 17.9
    	
 
    	
San   Sebastian
    	
 
    	
PR
    	
 
    	
OWNED
    	
 
    
	
960
    	
 
    	
Upland
    	
 
    	
304   East Foothill Boulevard
    	
 
    	
Upland
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
968
    	
 
    	
Pleasant   Hill
    	
 
    	
520   Contra Costa Blvd.
    	
 
    	
Pleasant   Hill
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
990 
    	
 
    	
61st   And Western
    	
 
    	
5959   South Western Avanue
    	
 
    	
Chicago
    	
 
    	
IL
    	
 
    	
OWNED
    	
 
    
	
5085
    	
 
    	
LA   Office
    	
 
    	
1122   W. Washington Blvd.
    	
 
    	
Los   Angales
    	
 
    	
CA
    	
 
    	
OWNED
    	
 
    
	
5081
    	
 
    	
SSC-Philadelphia
    	
 
    	
3111   W. Allegheny Ave.
    	
 
    	
Philadelphia
    	
 
    	
PA
    	
 
    	
OWNED
    	
 
    
	
6115
    	
 
    	
Mesquite   Warehouse
    	
 
    	
1130   E. Kearney Street
    	
 
    	
Mesquite
    	
 
    	
TX
    	
 
    	
OWNED
    	
 
    
	
6117
    	
 
    	
Atlanta   Warehouse
    	
 
    	
55   Liberty Industrial Parkway
    	
 
    	
McDonough
    	
 
    	
GA
    	
 
    	
OWNED
    	
 
    
	
6121
    	
 
    	
Indy   Warehouse
    	
 
    	
807   Perry Road
    	
 
    	
Plainfield
    	
 
    	
IN
    	
 
    	
OWNED
    	
 
    
	
6129
    	
 
    	
Chester   DC
    	
 
    	
23   Elizabeth Drive
    	
 
    	
Chester
    	
 
    	
NY
    	
 
    	
OWNED
    	
 
    

 

 

Encumbered Property List

 

	
Store
    	
 
    	
Name
    	
 
    	
Address
    	
 
    	
State
    	
 
    	
Term Loan Allocated Amount
    	
 
    
	
635
    	
 
    	
San Fernando
    	
 
    	
1231 San Fernando Rd, San   Fernando, CA 91340
    	
 
    	
CA
    	
 
    	
$
    	
3,750,035
    	
 
    
	
658
    	
 
    	
Torrance
    	
 
    	
3124 Sepulveda Blvd,   Torrance, CA 90505
    	
 
    	
CA
    	
 
    	
$
    	
2,452,764
    	
 
    
	
690
    	
 
    	
Magnolia
    	
 
    	
10831 Magnolia Ave,   Riverside, CA 92505
    	
 
    	
CA
    	
 
    	
$
    	
2,862,084
    	
 
    
	
50
    	
 
    	
Toms River
    	
 
    	
301 Rte 37 E, Toms River,   NJ 8753
    	
 
    	
NJ
    	
 
    	
$
    	
3,600,000
    	
 
    
	
100
    	
 
    	
Virginia Beach
    	
 
    	
1116 Lynnhaven Pkwy,   Virginia Bch, VA 23452
    	
 
    	
VA
    	
 
    	
$
    	
3,505,472
    	
 
    
	
754
    	
 
    	
South Walker
    	
 
    	
7600 S Walker St, Oklahoma   City, OK 73139
    	
 
    	
OK
    	
 
    	
$
    	
2,500,000
    	
 
    
	
175
    	
 
    	
Willow Grove
    	
 
    	
1509 Easton Rd, Willow   Grove, PA 19090
    	
 
    	
PA
    	
 
    	
$
    	
4,132,974
    	
 
    
	
633
    	
 
    	
Bell Road
    	
 
    	
2754 E Bell Rd, Phoenix,   AZ 85032
    	
 
    	
AZ
    	
 
    	
$
    	
3,449,622
    	
 
    
	
923
    	
 
    	
South Ponce
    	
 
    	
Carr#2 Km 26 2, Ponce   Bypass, PR 732
    	
 
    	
PR
    	
 
    	
$
    	
5,621,099
    	
 
    
	
91
    	
 
    	
Petersburg
    	
 
    	
3120 S Crater Rd,   Petersburg, VA 23805
    	
 
    	
VA
    	
 
    	
$
    	
3,100,000
    	
 
    
	
551
    	
 
    	
Salisbury
    	
 
    	
1628 N Salisbury Blvd,   Salisbury, MD 21801
    	
 
    	
MD
    	
 
    	
3,208,762
    	
 
    
	
816
    	
 
    	
Union City
    	
 
    	
300851 Industrial Pky S W,   Union City, CA 94587
    	
 
    	
CA
    	
 
    	
$
    	
4,373,957
    	
 
    
	
129
    	
 
    	
Abercorn Parkway
    	
 
    	
8702 Abercom St, Savannah,   GA 31406
    	
 
    	
GA
    	
 
    	
$
    	
3,912,029
    	
 
    
	
141
    	
 
    	
Bossier City
    	
 
    	
2941 E Texas Ave, Bossier   City, LA 71111
    	
 
    	
LA
    	
 
    	
$
    	
2,320,754
    	
 
    
	
626
    	
 
    	
Oracle
    	
 
    	
3783 N Oracle Rd, Tucson,   AZ 85705
    	
 
    	
AZ
    	
 
    	
$
    	
2,752,584
    	
 
    
	
791
    	
 
    	
Memorial
    	
 
    	
6714 S Memorial Dr, Tulsa,   OK 74133
    	
 
    	
OK
    	
 
    	
$
    	
2,534,157
    	
 
    
	
674
    	
 
    	
Yuma
    	
 
    	
155 E 32Nd St, Yuma, AZ   85364
    	
 
    	
AZ
    	
 
    	
$
    	
4,669,886
    	
 
    
	
772
    	
 
    	
Palmdale
    	
 
    	
3054 E Palmdale Blvd,   Palmdale, CA 93550
    	
 
    	
CA
    	
 
    	
$
    	
3,479,628
    	
 
    
	
117
    	
 
    	
Gretna
    	
 
    	
1100 Behrrnan Hwy, Gretna,   LA 70056
    	
 
    	
LA
    	
 
    	
$
    	
2,250,000
    	
 
    
	
669
    	
 
    	
Country Club
    	
 
    	
1233 S Country Club Dr,   Mesa, AZ 85210
    	
 
    	
AZ
    	
 
    	
$
    	
3,335,687
    	
 
    
	
769
    	
 
    	
Kolb
    	
 
    	
7227 E 22Nd St, Tucson, AZ   85710
    	
 
    	
AZ
    	
 
    	
$
    	
2,809,491
    	
 
    
	
695
    	
 
    	
Juan Tabo
    	
 
    	
1308 Juan Tabo N E,   Albuquerque, NM 87112
    	
 
    	
NM
    	
 
    	
$
    	
2,370,000
    	
 
    
	
743
    	
 
    	
Niles
    	
 
    	
4014 E Niles St,   Bakersfield, CA 93306
    	
 
    	
CA
    	
 
    	
$
    	
2,483,740
    	
 
    
	
75
    	
 
    	
Route 40
    	
 
    	
6515 Baltimore National P,   Baltimore, MD 21228
    	
 
    	
MO
    	
 
    	
$
    	
3,200,000
    	
 
    
	
79
    	
 
    	
Towson
    	
 
    	
1739-41 E Joppa Rd,   Baltimore, MD 21234
    	
 
    	
MD
    	
 
    	
$
    	
1,780,000
    	
 
    
	
259
    	
 
    	
Florence Mall
    	
 
    	
832 Heights Blvd,   Florence, KY 41042
    	
 
    	
KY
    	
 
    	
$
    	
3,719,385
    	
 
    
	
181
    	
 
    	
Corpus Christi
    	
 
    	
5106 S Padre Island Dr,   Corpus Christi, TX 78411
    	
 
    	
TX
    	
 
    	
$
    	
3,295,391
    	
 
    
	
715
    	
 
    	
Cooper
    	
 
    	
2710 S Cooper St,   Arlington, TX 76015
    	
 
    	
TX
    	
 
    	
$
    	
3,033,529
    	
 
    
	
731
    	
 
    	
North Richland Hills
    	
 
    	
6755 Ne Loop, N Richland   Hills, TX 76180
    	
 
    	
TX
    	
 
    	
$
    	
2,390,106
    	
 
    
	
240
    	
 
    	
Miami Township
    	
 
    	
8499 Spnngboro Pike, Miamisburg,   OH 45342
    	
 
    	
OH
    	
 
    	
$
    	
2,019,853
    	
 
    
	
753
    	
 
    	
Sierra Plaza
    	
 
    	
7465 N Mesa St, El Paso,   TX 79912
    	
 
    	
TX
    	
 
    	
$
    	
3,154,045
    	
 
    
	
767
    	
 
    	
Weslaco
    	
 
    	
1313 N Texas Blvd,   Weslaco, TX 78596
    	
 
    	
TX
    	
 
    	
$
    	
3,012,264
    	
 
    
	
869
    	
 
    	
Henderson
    	
 
    	
408 S Boulder Hwy,   Henderson, NV 89015
    	
 
    	
NV
    	
 
    	
$
    	
2,338,356
    	
 
    
	
730
    	
 
    	
Montclair
    	
 
    	
5150 Arrow Hwy, Montclair,   CA 91763
    	
 
    	
CA
    	
 
    	
$
    	
2,529,049
    	
 
    
	
763
    	
 
    	
Bellflower
    	
 
    	
8533 Artesia Blvd,   Bellflower, CA 90706
    	
 
    	
CA
    	
 
    	
$
    	
4,380,000
    	
 
    
	
773
    	
 
    	
Hesperia
    	
 
    	
15659 Main St, Hesperia,   CA 92345
    	
 
    	
CA
    	
 
    	
$
    	
3,879,688
    	
 
    
	
147
    	
 
    	
Slidell
    	
 
    	
1421 Gause Blvd, Slidell,   LA 70458
    	
 
    	
LA
    	
 
    	
$
    	
4,222,645
    	
 
    
	
54
    	
 
    	
Howell
    	
 
    	
4204 Rte 9 5, Howell, NJ   7731
    	
 
    	
NJ
    	
 
    	
$
    	
4,581,760
    	
 
    
	
56
    	
 
    	
Ocean Township
    	
 
    	
1608 Hwy 35, Ocean, NJ   7712
    	
 
    	
NJ
    	
 
    	
$
    	
3,448,814
    	
 
    
	
26
    	
 
    	
West Chester
    	
 
    	
711 E Gay St, W Chester,   PA 19380
    	
 
    	
PA
    	
 
    	
$
    	
2,258,906
    	
 
    
	
192
    	
 
    	
West Windsor
    	
 
    	
3505 Brunswick Pike, W   Windsor, NJ 8540
    	
 
    	
NJ
    	
 
    	
$
    	
3,339,764
    	
 
    
	
643
    	
 
    	
Indian School Rd
    	
 
    	
6858 W Indian School Rd,   Phoenix, AZ 85033
    	
 
    	
AZ
    	
 
    	
$
    	
3,001,199
    	
 
    
	
210
    	
 
    	
North Hills
    	
 
    	
4571 Mcknight Rd,   Pittsburgh, PA 15237
    	
 
    	
PA
    	
 
    	
$
    	
4,273,520
    	
 
    
	
372
    	
 
    	
Cranberry
    	
 
    	
20229 Rt 19, Cranberry, PA   16066
    	
 
    	
PA
    	
 
    	
$
    	
3,050,000
    	
 
    
	
190
    	
 
    	
Seekonk
    	
 
    	
216 Highland Ave, Seekonk,   MA 2771
    	
 
    	
MA
    	
 
    	
$
    	
5,100,000
    	
 
    
	
728
    	
 
    	
Ina Road
    	
 
    	
4275 W Ina Rd, Tucson, AZ   85741
    	
 
    	
AZ
    	
 
    	
$
    	
2,673,408
    	
 
    
	
795
    	
 
    	
Nogales
    	
 
    	
470 N Grand Ave, Nogales,   AZ 85621
    	
 
    	
AZ
    	
 
    	
$
    	
3,224,458
    	
 
    
	
90
    	
 
    	
Woodbridge
    	
 
    	
1641 Wigglesworth Way,   Woodbridge, VA 22191
    	
 
    	
VA
    	
 
    	
$
    	
4,295,244
    	
 
    
	
263
    	
 
    	
Boardman
    	
 
    	
215 Boardman Poland Rd,   Boardman, OH 44512
    	
 
    	
OH
    	
 
    	
$
    	
2,431,879
    	
 
    
	
856
    	
 
    	
Elston
    	
 
    	
2604 N Elston Ave,   Chicago, IL 60647
    	
 
    	
IL
    	
 
    	
$
    	
5,900,000
    	
 
    
	
704
    	
 
    	
Plano
    	
 
    	
928 W Spring Creek Pkwy,   Plano, TX 75023
    	
 
    	
TX
    	
 
    	
$
    	
3,116,672
    	
 
    
	
34
    	
 
    	
Oxford Valley
    	
 
    	
101 Lincoln Hwy, Fairless   Hills, PA 19030
    	
 
    	
PA
    	
 
    	
$
    	
5,184,549
    	
 
    
	
711
    	
 
    	
West lane
    	
 
    	
4967 West Ln, Stockton, CA   95210
    	
 
    	
CA
    	
 
    	
$
    	
3,258,261
    	
 
    
	
721
    	
 
    	
Carrollton
    	
 
    	
1455 W Trinity Mills Rd,   Carrollton, TX 75006
    	
 
    	
TX
    	
 
    	
$
    	
2,058,954
    	
 
    
	
164
    	
 
    	
Shreveport
    	
 
    	
8825 S Jewella Ave,   Shreveport, LA 71108
    	
 
    	
LA
    	
 
    	
$
    	
2,097,895
    	
 
    
	
203
    	
 
    	
West Springfield
    	
 
    	
180 Daggett Dr, W   Springfield, MA 1089
    	
 
    	
MA
    	
 
    	
$
    	
2,259,664
    	
 
    
	
824
    	
 
    	
Kellogg
    	
 
    	
9045 E  Kellogg,   Wichita, KS 67207
    	
 
    	
KS
    	
 
    	
$
    	
2,880,000
    	
 
    
	
660
    	
 
    	
Costa Mesa
    	
 
    	
2946 S Bristol St, Costa   Mesa, CA 92626
    	
 
    	
CA
    	
 
    	
$
    	
4,548,183
    	
 
    
	
9
    	
 
    	
Hunting Park
    	
 
    	
1050 E Hunting Pk Ave,   Philadelphia, PA 19124
    	
 
    	
PA
    	
 
    	
$
    	
3,362,981
    	
 
    
	
607
    	
 
    	
Pasadena
    	
 
    	
1135 E Colorado Blvd, Pasadena, CA 91106
    	
 
    	
CA
    	
 
    	
$
    	
3,736,985
    	
 
    

 

 

	
652
    	
 
    	
Atlantic
    	
 
    	
256 S Atlantic Blvd, Los Angeles, CA 90022
    	
 
    	
CA
    	
 
    	
$
    	
3,807,748
    	
 
    
	
604
    	
 
    	
Hollywood
    	
 
    	
6125 Hollywood Blvd,   Hollywood, CA 90028
    	
 
    	
CA
    	
 
    	
$
    	
3,961,046
    	
 
    
	
614
    	
 
    	
Pico
    	
 
    	
10644 W Pica Blvd, Los   Angeles, CA 90064
    	
 
    	
CA
    	
 
    	
$
    	
4,840,000
    	
 
    
	
636
    	
 
    	
Downey
    	
 
    	
10231 Lakewood Blvd.   Downey, CA 90241
    	
 
    	
CA
    	
 
    	
$
    	
3,088,314
    	
 
    
	
44
    	
 
    	
Washington Road
    	
 
    	
2728 Washington Rd,   Augusta, GA 30909
    	
 
    	
GA
    	
 
    	
$
    	
2,175,273
    	
 
    
	
822
    	
 
    	
Bedford Park
    	
 
    	
7030 S Cicero Ave, Bedford   Pk, IL 60638
    	
 
    	
IL
    	
 
    	
$
    	
2,549,217
    	
 
    
	
725
    	
 
    	
Arlington
    	
 
    	
1212 N Collins St,   Arlington, TX 76011
    	
 
    	
TX
    	
 
    	
$
    	
2,469,899
    	
 
    
	
277
    	
 
    	
Waterbury
    	
 
    	
699 Wolcott St. Waterbury,   CT 6705
    	
 
    	
CT
    	
 
    	
$
    	
2,920,000
    	
 
    
	
688
    	
 
    	
Sahara
    	
 
    	
637 E Sahara Ave, Las   Vegas, NV 89104
    	
 
    	
NV
    	
 
    	
$
    	
2,532,830
    	
 
    
	
618
    	
 
    	
Burbank
    	
 
    	
254 W Olive St. Burbank,   CA 91502
    	
 
    	
CA
    	
 
    	
$
    	
4,844,362
    	
 
    
	
630
    	
 
    	
Inglewood
    	
 
    	
200 E Spruce   Ave, Inglewood, CA 90301
    	
 
    	
CA
    	
 
    	
$
    	
2,210,400
    	
 
    
	
32
    	
 
    	
41st Street
    	
 
    	
4101-19 Market St,   Philadelphia, PA 19104
    	
 
    	
PA
    	
 
    	
$
    	
2,457,183
    	
 
    
	
928
    	
 
    	
Santurce
    	
 
    	
Ave Marginal Baldorioty D,   Santurce, PR 910
    	
 
    	
PR
    	
 
    	
$
    	
2,009,219
    	
 
    
	
714
    	
 
    	
Sacramento
    	
 
    	
5895 47Th Ave, Sacramento,   CA 95823
    	
 
    	
CA
    	
 
    	
$
    	
2,842,092
    	
 
    
	
647
    	
 
    	
67th Street
    	
 
    	
6714 El Cajon Blvd, San   Diego, CA 92115
    	
 
    	
CA
    	
 
    	
$
    	
2,000,185
    	
 
    
	
787
    	
 
    	
Tyler
    	
 
    	
3616 S Broadway, Tyler, TX   75701
    	
 
    	
TX
    	
 
    	
$
    	
2,520,221
    	
 
    
	
788
    	
 
    	
Abilene
    	
 
    	
2473 S Danville St,   Abilene, TX 79605
    	
 
    	
TX
    	
 
    	
$
    	
2,100,000
    	
 
    
	
108
    	
 
    	
Snellville
    	
 
    	
2207 E Main St,   Snellville, GA 30078
    	
 
    	
GA
    	
 
    	
$
    	
2,241,737
    	
 
    
	
383
    	
 
    	
Duluth
    	
 
    	
4055 Pleasant Hill Rd,   Duluth, GA 30096
    	
 
    	
GA
    	
 
    	
$
    	
2,112,308
    	
 
    
	
74
    	
 
    	
Randallstown
    	
 
    	
8635 Liberty Rd,   Randallstown, MD 21133
    	
 
    	
MD
    	
 
    	
$
    	
1,916,118
    	
 
    
	
94
    	
 
    	
North Tryon
    	
 
    	
4837 N Tryon St,   Charlotte, NC 28213
    	
 
    	
NC
    	
 
    	
$
    	
2,200,000
    	
 
    
	
288
    	
 
    	
Western Hills
    	
 
    	
5495 Glenway Ave,   Cincinnati, OH 45238
    	
 
    	
OH
    	
 
    	
$
    	
2,164,440
    	
 
    
	
134
    	
 
    	
Broad River Road
    	
 
    	
1804 Broad River Rd,   Columbia, SC 29210
    	
 
    	
SC
    	
 
    	
$
    	
2,136,359
    	
 
    
	
236
    	
 
    	
Hamilton Road
    	
 
    	
2830 S Hamilton Rd,   Columbus, OH 43232
    	
 
    	
OH
    	
 
    	
$
    	
1,916,722
    	
 
    
	
716
    	
 
    	
Camp Wisdom
    	
 
    	
4010 W Camp Wisdom Rd,   Dallas, TX 75237
    	
 
    	
TX
    	
 
    	
$
    	
2,248,849
    	
 
    
	
726
    	
 
    	
Buckner
    	
 
    	
1710 Buckner Blvd 5,   Dallas, TX 75217
    	
 
    	
TX
    	
 
    	
$
    	
2,018,032
    	
 
    
	
729
    	
 
    	
Mccart
    	
 
    	
6725 Mccart St, Fort   Worth, TX 76133
    	
 
    	
TX
    	
 
    	
$
    	
1.978,637
    	
 
    
	
286
    	
 
    	
Farmington
    	
 
    	
28210 W 8 Mile Rd,   Farmington Hills, M148336
    	
 
    	
MI
    	
 
    	
$
    	
2,248,861
    	
 
    
	
426
    	
 
    	
Sterling Heights
    	
 
    	
39755 Vandyke Ave, Sterling   Hp, M146313
    	
 
    	
MI
    	
 
    	
$
    	
1,860,378
    	
 
    
	
624
    	
 
    	
Fresno
    	
 
    	
716 Broadway, Fresno, CA   93721
    	
 
    	
CA
    	
 
    	
$
    	
1,780,000
    	
 
    
	
276
    	
 
    	
Alpine
    	
 
    	
3737 Alpine Ave, Alpine   Township, MI 49321
    	
 
    	
Mi
    	
 
    	
$
    	
1,985,706
    	
 
    
	
289
    	
 
    	
Portage
    	
 
    	
5630 S Westnedge Ave,   Kalamazoo Portage, MI 49002
    	
 
    	
Mi
    	
 
    	
$
    	
2,800,000
    	
 
    
	
504
    	
 
    	
Coon Rapids
    	
 
    	
3325 124Th Av N-W., Coon   Rapids, MN 55433
    	
 
    	
MN
    	
 
    	
$
    	
3,800,000
    	
 
    
	
684
    	
 
    	
Scottsdale
    	
 
    	
2524 N Scottsdale Rd,   Scottsdale, AZ 85257
    	
 
    	
AZ
    	
 
    	
$
    	
2,322,771
    	
 
    
	
708
    	
 
    	
Reno
    	
 
    	
5000 Smithridge Dr, Reno,   NV 89502
    	
 
    	
NV
    	
 
    	
$
    	
3,400,000
    	
 
    
	
709
    	
 
    	
Sparks
    	
 
    	
300 E Prater Way, Sparks,   NV 89431
    	
 
    	
NV
    	
 
    	
$
    	
2,600,000
    	
 
    
	
723
    	
 
    	
Arden Way
    	
 
    	
2500 Arden Way,   Sacramento, CA 95825
    	
 
    	
CA
    	
 
    	
$
    	
2,479,448
    	
 
    
	
713
    	
 
    	
Walzem
    	
 
    	
5616 Walzern, San Antonio,   TX 78218
    	
 
    	
TX
    	
 
    	
$
    	
1,841,703
    	
 
    
	
257
    	
 
    	
Springfield
    	
 
    	
1177 Boston Rd.   Springfield, MA 1119
    	
 
    	
MA
    	
 
    	
$
    	
2,549,975
    	
 
    
	
689
    	
 
    	
Sierra Vista
    	
 
    	
1255 E Fry Blvd, Sierra   Vista, AZ 85635
    	
 
    	
AZ
    	
 
    	
$
    	
1,780,000
    	
 
    
	
10
    	
 
    	
Scranton
    	
 
    	
1113 Us-6, Scranton, PA   18505
    	
 
    	
PA
    	
 
    	
$
    	
1,904,651
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
$
    	
302,126,816
    	
 
    

 

 

Schedule 5.08(b)(2)

 

Leased Real Estate

 

Attatched

 

 

Schedule 5.()1Ubl!2l

 

	
Unit Code
    	
 
    	
Unit Name
    	
 
    	
Unit Address
    	
 
    	
City
    	
 
    	
State
    	
 
    	
Lendlord
    	
 
    	
Owned/Leased
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Montgomeryv le
    	
 
    	
901N. Wales Roed
    	
 
    	
NorthWalea
    	
 
    	
PA
    	
 
    	
Howard Sands
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
CPPB 2 PA, LP
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
545 South Figueroa St.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ste. 614
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Loa Angeles CA 90071
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:213-348-9878
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Brookhaven
    	
 
    	
3700 Edgemont Avenue
    	
 
    	
Brookhaven
    	
 
    	
PA
    	
 
    	
Thomas C. PIHion, Jr.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Herbert Venus & Company
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Executive Vice President
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
7300 City Uno Avenue
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
PhDadelphia PA 19151
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:215-587·7300
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:215-587-D955
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web: 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Route 70
    	
 
    	
6808 Davis Circle
    	
 
    	
Raleigh
    	
 
    	
NC
    	
 
    	
Lawrance W. Harris, Jr.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Hems Whoiasale, Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
P.O.Box 1190 (zip 276021   or 1350CapRalBlvd.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Raleigh NC 27609
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Buslleton
    	
 
    	
7424 Bustleton Avenue
    	
 
    	
PhDadelphla
    	
 
    	
PA
    	
 
    	
BusUeton Partners
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tenant Coda #612-002
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Kimco Realty Corporation
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
333 New Hyde Park Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
P.O.Box 5020
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
New Hyde Park NY   11042.()()20
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tal:518-686-9000
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
12
    	
 
    	
Aramlngo
    	
 
    	
2491 Aramlngo Ava.
    	
 
    	
Phlledalphle
    	
 
    	
PA
    	
 
    	
Attn: Brenda  J.   Walker
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Port Richmond LLC 1
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
44 South Baylee Avenue
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Port Washington NY 11050
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
13
    	
 
    	
Macdade
    	
 
    	
20 N Macdade Blvd.
    	
 
    	
Glenolden
    	
 
    	
PA
    	
 
    	
Bruce A. Goodman
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Glenolden Realty Partners, L.P.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o  Goodman   Properties
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
636 Old York Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
2nd Floor
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Jenkintown PA 19046
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 215-588-8383
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:215-586-4789
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Emall-:www.goodmanpropertles.org
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
18
    	
 
    	
Quakertown
    	
 
    	
222 South Westood   Boulevard
    	
 
    	
Quakertown
    	
 
    	
PA
    	
 
    	
NationalRetailPropertlea   Trust
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Attn: Vice President · Asset   Management
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
450 South Orange Avo.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sta.900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ortando FL 32801
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tal: 321-120-2134
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Call:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
19
    	
 
    	
East Norriton
    	
 
    	
55 WealGenmentown Pike
    	
 
    	
Norristown
    	
 
    	
PA
    	
 
    	
Waj..Mart Stores, Inc.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Attn: AsselManagement
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
2001S.E. 10th Street
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Banlonvilla AR   72712-6489
    	
 
    	
 
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
20
    	
 
    	
Red Lion
    	
 
    	
9880 E.RooseveR Blvd
    	
 
    	
Philadelphia
    	
 
    	
PA
    	
 
    	
RL Shopping Center Limited   Partnership
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o  Onyx   Management Group, LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
900 Route 9 North
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Suite 301
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Woodbridge NJ 07095
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:732-28!HJ001
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
23
    	
 
    	
lancaster
    	
 
    	
2080 Lincoln Highway
    	
 
    	
Lancaster
    	
 
    	
PA
    	
 
    	
Lampeter Joint Venture/Sasser-Kaufman
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
335 Central Avenue
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Lawrence NY 11559
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
25
    	
 
    	
Reading
    	
 
    	
3401 Plaza Drive, Muhlenberg
    	
 
    	
Reading
    	
 
    	
PA
    	
 
    	
NNN Acquls   lons, Inc.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Plaza
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Attn: VICS  Presk:lant-Asset Management
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
450 South Orange Ave.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Stu. 900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Orlando FL 32801
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:321-120.2134
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
31
    	
 
    	
Fredrlcksburg
    	
 
    	
2384 Plank Rd
    	
 
    	
Fmdrlcksburg
    	
 
    	
VA
    	
 
    	
Ms. Ms. Cosner
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cosner Management, LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
4934 Lansdowne Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fredarlcksburg VA 22408
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:54Q.089-2411
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:540-089-1860
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ceii:54Q.084-1932
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
33
    	
 
    	
Street Road
    	
 
    	
1748 Street Road
    	
 
    	
Ccmwells Heights
    	
 
    	
PA
    	
 
    	
National Retau Properties, LP
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
AHn: Vice President -   Asset Management
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
450 South Orange Avo.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ste. 900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Orlando 32601
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 321-120.2134
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
38
    	
 
    	
Savannah Hwy
    	
 
    	
1550 Savannsh Highway
    	
 
    	
Charteston
    	
 
    	
SC
    	
 
    	
Guy C.Tarrant
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
The Tarrant Company
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
151Meeting Street #325
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Charleston SC 29402
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
39
    	
 
    	
Brainerd
    	
 
    	
5845 Brainerd Road
    	
 
    	
Chattancoga
    	
 
    	
TN
    	
 
    	
Jeanette Parrish
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
East Ridge Development Company, a Tennessee
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o O&boma Enterprises Osborne   Office Center
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Chattanooga TN 37411
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
40
    	
 
    	
Edgewater Pork
    	
 
    	
2176 Route130 South
    	
 
    	
Edgewater Park
    	
 
    	
NJ
    	
 
    	
Malcolm Bium
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
ArielRealty, LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
1UnlversllyPlz.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ste. 200
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Hackensack NJ 07801
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 201-146-QO8O
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 201-148-5505
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
41
    	
 
    	
Pleasantvville
    	
 
    	
1020 Tllon Road
    	
 
    	
PleasantVille
    	
 
    	
NJ
    	
 
    	
SJS-Tilton Times Plaza,   L.P.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o SJS Really   Management Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
1110 Wynwood Avo.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cherry HIR NJ 08002
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tot: 858-848-1044
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 856-648-4313
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    

 

 

	
42
    	
 
    	
Hixson
    	
 
    	
5248 Hwy. 153
    	
 
    	
Chatl1lnooga
    	
 
    	
TN
    	
 
    	
lanSStuM
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Chao Chao Realty   Partners, LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Torrey Realty Partners, Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
12520 High Bluff Drive
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Suite 285
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
San Diego CA 82130
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:858-879-8370
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:858-871783
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:858-86Q.2090
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:lstuart@torreyrealty.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
48
    	
 
    	
Albemarle Rd
    	
 
    	
6851 Albemarta Road
    	
 
    	
Charlotte
    	
 
    	
NC
    	
 
    	
Allantlc Acceptance Corporation
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
355 John Gall Way
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ste.203
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Concord NC 28027
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
48
    	
 
    	
Marlton
    	
 
    	
781W. Route 70
    	
 
    	
Martton
    	
 
    	
NJ
    	
 
    	
Na onalRetail Prop<   rtles, LP
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Attn: Vice PresidentAsset Management
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
450 South Oranga Ave.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ste.900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Orlando 32801
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 321·120-2134
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
49
    	
 
    	
GaUalln Pike
    	
 
    	
1577 Gallatin Pike
    	
 
    	
Madison
    	
 
    	
TN
    	
 
    	
EmanuelSchaHen
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Rtvergate Festival Joint Venture
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o  Schatten Properties
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
1617 Hayes Street
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NashvHie TN 37203
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
52
    	
 
    	
Vineland
    	
 
    	
323 Landis Avenue
    	
 
    	
Vineland
    	
 
    	
NJ
    	
 
    	
Vineland Construction   Company
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
71 W. Park Avenue
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Vineland NJ 08360
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 856-679-4503
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 656-67 721
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
53
    	
 
    	
Woodbury
    	
 
    	
137 S. Broad St.
    	
 
    	
Woodbury
    	
 
    	
NJ
    	
 
    	
Z&ZReallyLLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
4Q.18149th Pl.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
FlushingNY11354
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 718-835-3800
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Tumorsvule
    	
 
    	
1105 Black Horse Pike
    	
 
    	
Tumorsvule
    	
 
    	
NJ
    	
 
    	
NationalRetaU Properties, LP
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
AHn: Vice PresidentAsset Management
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
450 South Orange Ave.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ste.800
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Orlando 32801
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:321-12().2134
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
59
    	
 
    	
Cherry HID
    	
 
    	
314 Haddonfield Rd.
    	
 
    	
Cherry HOI
    	
 
    	
NJ
    	
 
    	
Javilda Realty Inc.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
40.16149th Pl.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Flushing NY 11354
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:716·635-3800
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
63
    	
 
    	
NewCastle
    	
 
    	
1400 N Dupont Highway
    	
 
    	
Wilmington Menor
    	
 
    	
DE
    	
 
    	
Vtto A. Matasslno
    	
 
    	
LEASED
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Conllnenta\8\ocl< Co.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
14168 Reer N.DuPont   Highway
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
New Castle DL 19720
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 302-232-2333
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 302-232-2334
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
64
    	
 
    	
Newall<
    	
 
    	
121 College Square
    	
 
    	
Newark
    	
 
    	
DE
    	
 
    	
Cheryl Hurtt
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fusco Properties, L.P.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
P.O.Box665
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
New Castle DE 19720
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 302-232-6251
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 302-232-6332
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
65
    	
 
    	
Fradar1ck
    	
 
    	
1120 W. Palrlcl<   Street
    	
 
    	
Frederick
    	
 
    	
MD
    	
 
    	
Cole P8 Portfolio I, LP
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
2555 E.Camelback Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sue400
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Phoenix AZ 85016
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
69
    	
 
    	
Roule-1 North
    	
 
    	
3720 CapitolBlvd.
    	
 
    	
Raleigh
    	
 
    	
NC
    	
 
    	
Edith H Upchurch
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
4224 Optimist FarmRoad
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Apex NC 27502
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
70
    	
 
    	
Merritt
    	
 
    	
1503 Marrin Boulevard   Blvd.
    	
 
    	
Balltmore
    	
 
    	
MD
    	
 
    	
Marrin Boulevard   Property Partnership
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Donald H. Ready
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
217 Cedsrcroft Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Baltimore MD 21212
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tal: 410-043-0766
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 410-043-0662
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
72
    	
 
    	
Laurel
    	
 
    	
13344 LaurelBowie Road
    	
 
    	
Laurel
    	
 
    	
MD
    	
 
    	
Albert Tumor
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Town Center Associates
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o  CsrroUton   Enterprises
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
11700 Beltville, Drive,   P.O. Box 826
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Beltville, MD 20705
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:301-157-7800
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
73
    	
 
    	
Marlow Heights
    	
 
    	
4500 Sl. Barnabas Road
    	
 
    	
Marlow Heights
    	
 
    	
MD
    	
 
    	
Toys “R” Us, Inc.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
AHn: VP - Raa\   Eslala,Design & Conslruclion
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
One Geoffrey Way
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Wayne NJ 07470-2030
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
77
    	
 
    	
GlenBumle
    	
 
    	
7311Gov.Rllchla Highway
    	
 
    	
GlenBumla
    	
 
    	
MD
    	
 
    	
Dan Evangelista
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Varnado Realty Trust
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
210 Route 4 Eesl
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Paramus NJ 07652
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 201-158-1000
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:201-158-0600
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
80
    	
 
    	
FeyeHev\1\e
    	
 
    	
1924 Skibo Rd.
    	
 
    	
Fayeneville
    	
 
    	
NC
    	
 
    	
J&J Realty LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
40-161491h Pl.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Flushing NY 11354
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 718-835-3900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
87
    	
 
    	
Annandale
    	
 
    	
7121 Lillie River Tpke.
    	
 
    	
Annandale
    	
 
    	
VA
    	
 
    	
NNN   Acquis\1\ona, Inc.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
AHn: Vice President-Asset Management
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
450 South Orange Ave.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sla. 900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Orlando FL 32801
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:321-120-2134
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
89
    	
 
    	
Wh eMarsh
    	
 
    	
9909 Pulaski Highway
    	
 
    	
WhRemarsh
    	
 
    	
MD
    	
 
    	
DDRTC CP, LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Developers   Dlverslfled Really Corporation
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Attn: ExecuUve Vice President
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3300 Enterprise Perkway
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Beachwood OH 44122
    	
 
    	
 
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
CoD:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
92
    	
 
    	
South CsrroRon
    	
 
    	
3505 S. CarmHton Ave
    	
 
    	
NawOrfeans
    	
 
    	
LA
    	
 
    	
Thomas J. Bauer
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Bauar & Company, Inc,
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
400 St. Joseph Sln!ot
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
New Orisons LA 70130
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
95
    	
 
    	
Canton
    	
 
    	
3168 Canton Road,N.E.
    	
 
    	
Marietta
    	
 
    	
GA
    	
 
    	
C &CRoaltyLLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
4().16149th Pl.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Flushing NY 11354
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:718-835-3900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Coli:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
95
    	
 
    	
Canton
    	
 
    	
3168 Canton Road, N.E.
    	
 
    	
Marietta
    	
 
    	
GA
    	
 
    	
Lob-Volley Corp.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
4().16149th Pl.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Flushing NY 11354
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 718-835-3900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Celt:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Wab:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
99
    	
 
    	
District Helghls
    	
 
    	
6333 Marlboro Pike
    	
 
    	
Forestvllte
    	
 
    	
MD
    	
 
    	
Saul Subsidiary I
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
cJo Franklin Property Company
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
6401 Connecticut Ave.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Chevy Chase MD 20815
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
102
    	
 
    	
Nine Mile Road
    	
 
    	
4507 Nine Milo Rd.
    	
 
    	
Richmond
    	
 
    	
VA
    	
 
    	
N &N ReollyLLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
4().16149th Pl.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
FlushingNY 11354
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 718-835-3900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
CaD:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Wob:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
104
    	
 
    	
Unloo Clly
    	
 
    	
5000 Jonesboro Road
    	
 
    	
UnlonCIIy
    	
 
    	
GA
    	
 
    	
Len LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
4().16149th Pl.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Flushing NY 11354
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 718-835-3900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
105
    	
 
    	
Gastonia
    	
 
    	
3028 Franklin Blvd.
    	
 
    	
Gastonia
    	
 
    	
NC
    	
 
    	
Gino Tracanna
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Bradley Operallng LlmHad   Partnership
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
131 DortmouthStroot
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Boslon MA02116-5134
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:617-724·2200
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:617-728-0885
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
CoU:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:gtracanna@herilagerealty.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
108
    	
 
    	
Marlette
    	
 
    	
1531 Cobb Parkway
    	
 
    	
Morlotta
    	
 
    	
GA
    	
 
    	
Natlooal Retail   Proportioa, LP
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Attn: VIce President .. Asset Management
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
450 South Orange Avo.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Slo.900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Orlando 32801
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 321·12().2134
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Call:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
109
    	
 
    	
Athens
    	
 
    	
3702 Allonta Highway
    	
 
    	
Athens
    	
 
    	
GA
    	
 
    	
cJo CSL & Associates Properties, Inc.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
2030 Hamilton Place Boulevard, Suite 500
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Chattanooga TN   37421-!1000
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tot:615-585.()001
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
110
    	
 
    	
Forest Park
    	
 
    	
4853 Jonesboro Road
    	
 
    	
Forest Park
    	
 
    	
GA
    	
 
    	
Philip Sunshine
    	
 
    	
LEASED
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Buford-ClairmontCompany,Ltd.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
4100 Shirley Drive S.W.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Atlanta GA 30338
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
111
    	
 
    	
Norfolk
    	
 
    	
1230 N. MUKary Highway
    	
 
    	
Norfolk
    	
 
    	
VA
    	
 
    	
Gary B.Ruffner
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Goodman Segar Hogan, Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Work:l Trade Center
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Norfolk VA 23510
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
111
    	
 
    	
Norfolk
    	
 
    	
1230 N. MuKary Highway
    	
 
    	
Norfolk
    	
 
    	
VA
    	
 
    	
HerbeG.Kaufman
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
National Development, LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
22512 Gateway Center Drive
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Clarksburg MD 20871
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 301-194-3244
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 301-125-9454
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
111
    	
 
    	
Norfolk
    	
 
    	
1230 N. MIRIBIY Highway
    	
 
    	
Norfolk
    	
 
    	
VA
    	
 
    	
Larry Honaker
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
15825 Shady Grove Road   Suite 140
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Rockville MD 20850
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:301-125-4156
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:301-125-5654
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
113
    	
 
    	
Orange Park
    	
 
    	
204 Blanding Blvd
    	
 
    	
Orange Park
    	
 
    	
FL
    	
 
    	
Colchester Insurance Company
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
100 Bankt
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ste.610
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Burlington VT 05402
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
115
    	
 
    	
Roswell
    	
 
    	
11160 AlpharettaRoad
    	
 
    	
Roswell
    	
 
    	
GA
    	
 
    	
National RetailProperties,   LP
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Attn: Vice President Asset Management
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
450 South Orange Ave.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ste.900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Orlando 32801
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 321-120-2134
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
118
    	
 
    	
Lakeland
    	
 
    	
4405 Us Hwy. 98 N.
    	
 
    	
Lakeland
    	
 
    	
FL
    	
 
    	
Cola PB Portfolio I, LP
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
2555 E. Camelback Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Suite400
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Phoenix AZ 85016
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
120
    	
 
    	
Anamonte Springs
    	
 
    	
102g E. Anamonte Drive
    	
 
    	
Anamonte Springs
    	
 
    	
FL
    	
 
    	
Colchester Insurance Company
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
100 Bank St.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ste. 610
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Burlington VT 05402
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
121
    	
 
    	
Portsmouth
    	
 
    	
2570 Airline Blvd.
    	
 
    	
Portsmouth
    	
 
    	
VA
    	
 
    	
louis M. Goodman
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Louis Esther Corporation
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Louis M. Goodman
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
604 Court Street
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Portsmouth VA 23704
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
123
    	
 
    	
Tallahassee
    	
 
    	
2353 Apalachoe Parkway
    	
 
    	
Tallahassee
    	
 
    	
FL
    	
 
    	
Judy Taylor
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Parkway Terrece PropMies
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
310 West Jefferson Street
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tallahassee FL 32301
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 850-022-2141
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 850-022-8313
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
125
    	
 
    	
Orange Blossom
    	
 
    	
7750 S. Orange Blossom   Trail
    	
 
    	
Orlando
    	
 
    	
FL
    	
 
    	
Joseph Perk
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
ADJP, LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Manager
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
10182 Brandon Circle
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Orlando FL 32838
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:407-73W288
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 407-742-1981
    	
 
    	
 
    

 

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Emall:jsptrue92@yahoo.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
126
    	
 
    	
West Colonial
    	
 
    	
601Powers Drive
    	
 
    	
Orlando
    	
 
    	
FL
    	
 
    	
Westside Plaza   GP, Inc.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
115 Christopher Columbus   Drive
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Suite400
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Jersey City NJ   07302-3551
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:201-133-5900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:201-133-1466
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
131
    	
 
    	
Atlantic Blvd.
    	
 
    	
10546 Atlantic Blvd.
    	
 
    	
Jacksonville
    	
 
    	
FL
    	
 
    	
National Retail Properties.LP
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Attn: Vice President , Asset Management
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
450 South Orange Ave.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ste.900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Orlando 32601
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:321-12G-2134
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
132
    	
 
    	
South Blvd.
    	
 
    	
5020 South Blvd.
    	
 
    	
Charlotte
    	
 
    	
NC
    	
 
    	
Gus Poulos
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Poulos Enterprises, Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3900 Weslay ChapelRoad
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Mathews NC 26105
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
132
    	
 
    	
South Blvd.
    	
 
    	
5020 South Blvd.
    	
 
    	
Charlotte
    	
 
    	
NC
    	
 
    	
Steven L. Barnes
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
American Commercial Savings Bank, Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Assistant Vice President
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
11201 East Independence Blvd
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Matthews NC 26105
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:704-484-0602
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
133
    	
 
    	
Cutler Ridge
    	
 
    	
10200 Broad ChanneRd
    	
 
    	
Miami
    	
 
    	
FL
    	
 
    	
ABan Fainbarg, Irving M. Chase or Ryan Chase
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o S & A   Properties
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
129 W. Wilson Street,   Sufia 100
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Costa Mesa CA 92627
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 949-972-7400
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:949-972-8655
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
135
    	
 
    	
Lane Ave.
    	
 
    	
919LaneAve
    	
 
    	
Jacksonville
    	
 
    	
FL
    	
 
    	
Elroy C. Grace
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Grace & Company, Incorporated, a Florida
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
865 Lane Avenue South
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Jacksonville FL 32205
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
136
    	
 
    	
Florida Ave.
    	
 
    	
10124 N. AoMda Ave.
    	
 
    	
Tampa
    	
 
    	
FL
    	
 
    	
Cole PB Portfolio II, LP
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
2555 E. Camelback Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Suite400
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Phoenix AZ 85016
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
143
    	
 
    	
North Data Mabry
    	
 
    	
15625 North Dale Mabry   Highway
    	
 
    	
Tampa
    	
 
    	
FL
    	
 
    	
Colchester Insurance Company
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
100 Bank St.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ste.610
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Burlington VT 05402
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
144
    	
 
    	
Andorra
    	
 
    	
9109 Ridge Ave.
    	
 
    	
Philadelphia
    	
 
    	
PA
    	
 
    	
V & V Realty   LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
4Cf-16149th Pl.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Flushing NY 11354
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 716-835-3900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
145
    	
 
    	
Hamburg
    	
 
    	
3766 Mckinley Parkway
    	
 
    	
Buffalo
    	
 
    	
NY
    	
 
    	
Buffalo-McKinley,LLC
    	
 
    	
LEASED
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Attn:Lease Administrator
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
570 Delaware Ave.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Buffalo NY 14202
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:716-687-9467
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web: 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
148
    	
 
    	
East Town Crossing
    	
 
    	
4nO Center Uno Drive
    	
 
    	
Knoxville
    	
 
    	
TN
    	
 
    	
C. M.& J.H. Williams
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Wood Agency, L.P.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
General Partners
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
219 W. Young High Pike
   Knoxville TN 37920
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
149
    	
 
    	
Charlotte Pike
    	
 
    	
5330 Charlotte Ava.
    	
 
    	
Nashville
    	
 
    	
TN
    	
 
    	
Troy Wilftams 
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Melrose Company
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Property Manager
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Freeman Webb Company
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
One Vantage Way
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ste.C-150
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Nashville TN 37228
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:615-525-1231
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:615-525-1232
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email: 

Web: www.FreemanWebb.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
153
    	
 
    	
MiamiLakes
    	
 
    	
17050 N.W.57th Avenue
    	
 
    	
Miami
    	
 
    	
FL
    	
 
    	
40-11 79th Street LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
40,18 149th Pl.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
FlushingNY 11354
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:718-835-3900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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Web: 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
153
    	
 
    	
MiamiLakes
    	
 
    	
17050 N.W. 57th Avenue
    	
 
    	
Miami
    	
 
    	
FL
    	
 
    	
J&JRealtyLLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
40, 18 149th Pl.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Flushing NY 11354
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 718-835-3900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
154
    	
 
    	
Dewitt
    	
 
    	
3033 Erie Blvd-East
    	
 
    	
Symcuso
    	
 
    	
NY
    	
 
    	
Alyso Block
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Gould Properties LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Property Manager
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
60 Cutter Mill Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Great Neck NY 11021
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
155
    	
 
    	
New Hartford
    	
 
    	
4475 Commercial Dr
    	
 
    	
New Hartford
    	
 
    	
NY
    	
 
    	
Cole PB Portfolio II, lP
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
2555 E.Camelback Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Suite 400
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Phoenix AZ 85016
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
158
    	
 
    	
Cicero
    	
 
    	
7885 Route 11
    	
 
    	
Cicero
    	
 
    	
NY
    	
 
    	
James M. Donovan
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
James M. Donovan, an individual
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
P.O.Box6069 c/o River   Edge Resort Hotel17
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Alexandria Bay NY 13807
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
158
    	
 
    	
Exton
    	
 
    	
220N. Pottstown Pika
    	
 
    	
Exton
    	
 
    	
PA
    	
 
    	
Joseph J. Boyta, Jr. and Regina B. Rees
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
610 Penfield Avenue
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Havertown PA 19083
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
159
    	
 
    	
Azalea Park
    	
 
    	
71 5. Semoran Blvd.
    	
 
    	
Orlando
    	
 
    	
FL
    	
 
    	
Liebermensch Investments LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
5918 OVerlake Ave.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
San Diego CA 92120
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:619-969-3993
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
160
    	
 
    	
Austell
    	
 
    	
3929 AusteR Rd.
    	
 
    	
Austell
    	
 
    	
GA
    	
 
    	
35-38 95th Street Realty   UC
    	
 
    	
LEASED
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
40-16 149th Pt.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Flushing NY 11354
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 718-835-3900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web: 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
161
    	
 
    	
Metairie
    	
 
    	
6838 Veterans Blvd
    	
 
    	
Metairie
    	
 
    	
LA
    	
 
    	
E!Us end Mltcllell Mintz
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Hurwltz·Mintz Furniture Company, a Louisiana
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
211 Royal Street Attention Mr. Ellis. Mintz
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Now Orleans LA 70130
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
162
    	
 
    	
Manassas
    	
 
    	
8000 Stream Walk Ln.
    	
 
    	
Manassas
    	
 
    	
VA
    	
 
    	
NNN Acquisitions, Inc.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Attn: Vice President-Asset Management
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
450 South Orange Ave.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sta. 900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ortando FL 32801
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 321-120-2134
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
163
    	
 
    	
Daytona Beach
    	
 
    	
2220 Volusla Ave
    	
 
    	
Daytona Beach
    	
 
    	
FL
    	
 
    	
Doyle Haynos
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Haynos&Smllh
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
P.O.Box 250787
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Holly HIB FL 32125-0787
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 386-625-8532
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
165
    	
 
    	
Pompano Beach
    	
 
    	
240 Copano Road
    	
 
    	
Pompano Beach
    	
 
    	
FL
    	
 
    	
Colchester Insurance Company
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
100 Bank St.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ste.610
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Burlington VT 05402
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
166
    	
 
    	
Henrietta
    	
 
    	
1375 Market Place Drtve
    	
 
    	
Henrietta
    	
 
    	
NY
    	
 
    	
James M. Donegan or Lillian
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
P.O.Box 669
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Alexandria Bay NY 13607
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 315-546-5131
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 315-548-1025
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:James   Cell11315-436-6568
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
167
    	
 
    	
WestMiamti
    	
 
    	
211NW 82nd Avenue
    	
 
    	
Miami
    	
 
    	
FL
    	
 
    	
Flagler S.C.. LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Kimco Realty Corporation
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3333 New Hyde Park Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
PO Box 5020
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
New Hyde Park NY   11042-0020
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 516-666-9000
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
168
    	
 
    	
Lindenhurst
    	
 
    	
231 Sunrtse Highway
    	
 
    	
Lindenhurst
    	
 
    	
NY
    	
 
    	
Harry Joe Brown, Jr.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Texas Babylon Corp., a Texas corporation
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o The Brown Companies, 461 Parle. Avenue
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
New York NY 10016
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
168
    	
 
    	
Undenhurst
    	
 
    	
231 Sunrise Highway
    	
 
    	
Lindenhurst
    	
 
    	
NY
    	
 
    	
Richard Lubkln
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Texas Babylon Corp., a Texas corporation
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o The Brown Companies, 461 Park Avenue
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
New York NY 10016
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 212-266-1135
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
171
    	
 
    	
East Brunswick
    	
 
    	
538 Route16
    	
 
    	
East Brunswick
    	
 
    	
NJ
    	
 
    	
National Retail Properties, LP
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Attn: VIce President Asset Management
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
450 South Orange Ave.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ste.900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ortando32801
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 321-120-2134
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
172
    	
 
    	
Smithtown
    	
 
    	
983 Middle Country Rd.
    	
 
    	
Lake Grove
    	
 
    	
NY
    	
 
    	
Frank J. Espos o
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Boundary Properties
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
670 Middle County Rood
    	
 
    	
 
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
St. James NY 11780
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 516-638-2153
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
173
    	
 
    	
North Miami
    	
 
    	
295 N.E. 167th St &   3rd Avo
    	
 
    	
North Miami Beach
    	
 
    	
FL
    	
 
    	
Arthur H. Hertz
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Theater Realty Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3195 Ponce Do Leon Blvd.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Coral Springs FL 33134
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
174
    	
 
    	
East New Orleans
    	
 
    	
12200 10 Service Road
    	
 
    	
New Orleans
    	
 
    	
LA
    	
 
    	
John Schwegmann
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Schwegmann Femliy Trust   No. 2
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
rJo Schwegmann Giant Super   Markets
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
5300 Old GenUIIy Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
New Orleans LA 70126
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 504-483-2029
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:jschweg@ballsouth.nal
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
176
    	
 
    	
Hollywood
    	
 
    	
760 S. 60th Avenue Slate   Road 7
    	
 
    	
Hollywood
    	
 
    	
FL
    	
 
    	
Louis Brause
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Eton Centers Co., a New York general partnership
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o  Brause   Reolty, Inc., 52 Vanderbilt Avenue
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Naw York NY 10017·3868
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 212-269-5454
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
177
    	
 
    	
Commack
    	
 
    	
6350 Jericho Turnpike
    	
 
    	
Commack
    	
 
    	
NY
    	
 
    	
David Blumenfeld
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
BOG Commack, LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Blumenfeld Development Group, Ltd.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
300 Robbifls Lana
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Syosset NY 11791
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 518-892-0800
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 516-692-0968
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
179
    	
 
    	
Abrams
    	
 
    	
6534 E. Northwest   Highway
    	
 
    	
Dallas
    	
 
    	
TX
    	
 
    	
Sharon Batjer
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o R. Jackson Keller,   8522 Garland Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Dallas TX 75218
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:214-432-6873
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
182
    	
 
    	
Davia
    	
 
    	
2380 South Univernlly
    	
 
    	
Davia
    	
 
    	
FL
    	
 
    	
Tri-Coonly Plaza   Associates, Lld.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
19501 Biscoyna Blvd.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Slo. 400
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Aventura FL 33180
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
163
    	
 
    	
Greece
    	
 
    	
1181 North Groeca Rood
    	
 
    	
Greece
    	
 
    	
NY
    	
 
    	
Howard Sands
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
CPPB II, LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
545 South Figueroa St.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sla. 614
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Los Angeles CA 90071
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 213-348-9878
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
186
    	
 
    	
Hampton
    	
 
    	
2224 W Mercury Blvd
    	
 
    	
Hampton
    	
 
    	
VA
    	
 
    	
Cole PB Portfolio I, LP
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
2555 E. Camelback Rood
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
SuHo400
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Phoanlx AZ 85016
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
188
    	
 
    	
Edison
    	
 
    	
518 Old Post Road
    	
 
    	
Edison
    	
 
    	
NJ
    	
 
    	
Richard Freedman
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Freedman Service Company, a New Jersey
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Route 1 alRauls 130, P.O.Box   64
    	
 
    	
 
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
North Brunswick NJ 08902
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
193
    	
 
    	
Amherst
    	
 
    	
1025 Niagara Falls Blvd
    	
 
    	
Amherst
    	
 
    	
NY
    	
 
    	
Amherst lnduslries, Inc.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
% Vomado Realty Trust
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Park 80 West, Plaza II
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Saddle Brook NJ 07683
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 201-158-1000
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 201-158-0600
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Wab:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
198
    	
 
    	
West Warwick
    	
 
    	
375 Quaker Lane
    	
 
    	
West Warwick
    	
 
    	
Rl
    	
 
    	
Cole PB Portfolio I, LP
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
2555 E. Camelback Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sulto400
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Phoenix /IZ 85016
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
199
    	
 
    	
Shadyside
    	
 
    	
931 South Millvale   Avanue
    	
 
    	
Pittsburgh
    	
 
    	
PA
    	
 
    	
Abrams Family Associates
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
222 Toch Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Pittsburgh PA 15205
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
199
    	
 
    	
Shadyslda
    	
 
    	
931 South Millvale   Avenue
    	
 
    	
Pittsburgh
    	
 
    	
PA
    	
 
    	
Carl Katz
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
800 South Linden Avo.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Pittsburgh PA 15208
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 412-236-5095
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell: 412-23Q-0878
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email: crll<tz@aol.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
199
    	
 
    	
Shadyside
    	
 
    	
931 South Millvale   Avenue
    	
 
    	
Pittsburgh
    	
 
    	
PA
    	
 
    	
Abrams Family Associates
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
222 Tach Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Pittsburgh PA 15205
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
200
    	
 
    	
Colonie
    	
 
    	
1795 Central Avenue
    	
 
    	
Albany
    	
 
    	
NY
    	
 
    	
Bauer and Lai Realty Partnership, a New York
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Robert F, Bauer Insurance
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
1761 Central Avenue, P.O. Box 12850
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Albany NY 12212
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:516-886-3580
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
204
    	
 
    	
Fort Myers
    	
 
    	
4797 South Cleveland Ave
    	
 
    	
Fort Myers
    	
 
    	
FL
    	
 
    	
Colo PB Portfolio II, LP
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
2555 E. Camelback Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
SuKo400
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Phoenix /IZ 85018
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
207
    	
 
    	
Shatpstown
    	
 
    	
7525 SouthW<>st   FroOW<>y
    	
 
    	
Houston
    	
 
    	
TX
    	
 
    	
SabrlnaPope
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Houston Baptist University, a Texas non...profit
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Manager, Real Estate Department
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
7502 Fondren Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Houston TX n074-3298
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 281-184-3414
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 281-184-3022
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
209
    	
 
    	
Greenspoint
    	
 
    	
10275 North   FroeW<>y
    	
 
    	
Houston
    	
 
    	
TX
    	
 
    	
West Road Investors, LP and WR Houston, LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Unllav Management Company
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3555 Timmons lane
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sulto100
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Houston TX n021
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
211
    	
 
    	
Flint West
    	
 
    	
3426 Miller Road
    	
 
    	
Flint
    	
 
    	
Ml
    	
 
    	
Paul. Dietz
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Miller Road Enterprises   Limited Liability Company
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
1025 East Maple Road,   Sullo 200
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Birmingham Ml48009-6428
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:pdlotz@dlatzorganlzaUon.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
214
    	
 
    	
Clarksville
    	
 
    	
1317 Trtsnglo Drive
    	
 
    	
Clarksville
    	
 
    	
IN
    	
 
    	
Cole PB Portfolio I, LP
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
2555 E. Camelback Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Suite 400
    	
 
    	
 
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Phoenix f<Z. 85016
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
CoR:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
215
    	
 
    	
96thStreet
    	
 
    	
8588 East 96th Street
    	
 
    	
Fisher
    	
 
    	
IN
    	
 
    	
Thomas Doyle 

Centre North, UC, an Indiana limited liability
   clo Centre Properties
   9333 Nonh Meridian Street, Suite 375
    Indianapolis IN   46260
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
218
    	
 
    	
Greensburg
    	
 
    	
1145 East Pittsburgh   Street
    	
 
    	
Greensburg
    	
 
    	
PA
    	
 
    	
Zlff Family Partnership,   LP
 c/o Westmoreland Auto
 1125 East Pittsburgh Street
   Greensburg PA 15601
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
218
    	
 
    	
Greensburg
    	
 
    	
1145 East Pittsburgh   Street
    	
 
    	
Greensburg
    	
 
    	
PA
    	
 
    	
Martin E.O’Boyle
 Commerce Limited Partnership #9305   President
 1280 W.Newport Center Drive
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Deerfield FL 33442
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
CoD:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
221
    	
 
    	
DlxieHwy
    	
 
    	
4841 Dixie Highway
    	
 
    	
Louisville
    	
 
    	
KY
    	
 
    	
H. Ray McPhail Company   Profit Shoring Trust
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o McPhaU Properties, Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
PO Box3369
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Duluth GA 30096
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 678-668-3660
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fox: 678-668-3661
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
CeO:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
225
    	
 
    	
Monroeville
    	
 
    	
3475 William Penn Highway
    	
 
    	
Monroevifte
    	
 
    	
PA
    	
 
    	
ClrcuClly SIO<es.Inc.   
   Corporate Secretary 
   9950 Mayland Drive 
   Richmond VA 23233
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
230
    	
 
    	
lndlan TraO Cntr
    	
 
    	
5607·A Preston Highway
    	
 
    	
Louisville
    	
 
    	
KY
    	
 
    	
B.C. Wood Companies dba Indian Tran Square,
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
1020 Industry Road,   Sullo 40
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Lexington KY 40505
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 859-933-9663
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 859-933-9662
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:loP free number   668-591·9663
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
232
    	
 
    	
Hybla Valley
    	
 
    	
7812 Richmond Highway
    	
 
    	
HyblaValley
    	
 
    	
VA
    	
 
    	
JonRhodea
 Hybla Center Umited Partnership
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Property Manager
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Flnmarc Management
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
4733 Bethesda Avenue
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sullo650
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Bethesda MD 20814
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 301-165-4111
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:301·165-0515
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Call:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
233
    	
 
    	
EvansvDie
    	
 
    	
101 Metro Avenue
    	
 
    	
Evansville
    	
 
    	
IN
    	
 
    	
Andy Guagenli
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Andy Guagantl and Water Street Partners,LP, an
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
2641 N. Cullen Avenue
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Evansville IN 47715
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 812·246-1244
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
can:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
234
    	
 
    	
Delaware Ava.
    	
 
    	
1000 South Delewana   Avenue
    	
 
    	
Philadelphia
    	
 
    	
PA
    	
 
    	
Brenda Walker

Port Richmond LLC 1
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Cedar Shopping   canters,Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
44 S. Byles   Avenue,Sue304
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Port Washington NY 11050
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:516-676-6492
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fox:516-679-8497
    	
 
    	
 
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
CeD:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:Her line-   516-944-4524
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
238
    	
 
    	
Manchester
    	
 
    	
205 Spencer Street
    	
 
    	
Manchester
    	
 
    	
CT
    	
 
    	
Soble Tareke WUIIama
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Gateway Lauren. Inc
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Emmas ·Asset Management Co., LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
420 Lexington Ave
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Suite 900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
New York NY 10170
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:212-229-8802
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
239
    	
 
    	
North Loop
    	
 
    	
Interstate 610 & Brinkman St.
    	
 
    	
Houston
    	
 
    	
TX
    	
 
    	
The Rlos Family Trust 

 
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
PO Box 33443
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Riverside CA 92519
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Call:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
241
    	
 
    	
Broadway
    	
 
    	
487 S.Broadway
    	
 
    	
Denver
    	
 
    	
CO
    	
 
    	
Chrlsly Bright
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Broadway Marltelplace At The Denver Design
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Director of Operations
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o CF Property Management, Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
595 South Broadway
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sulte200
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Denver CO 80209
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 303-374-3794 3229
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:303-377-6104
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cel:303-354-6775
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
242
    	
 
    	
Aurora
    	
 
    	
12820E. Mississippi Ave
    	
 
    	
Aurora
    	
 
    	
CO
    	
 
    	
Kevin S. Hayutlin

c/o Kevin S. Hayutin,   OMA Company
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
1450 South Havana, Sulte BOO
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Aurora CO 80012
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 303-375-1241
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
243
    	
 
    	
South Wadsworth
    	
 
    	
5134 South Wadworth Blvd
    	
 
    	
Lakowood
    	
 
    	
CO
    	
 
    	
Jordon Perimutter 
    The Section 14   Development Co., a Colorado 
   c/o J. Pertmutter & Co.,1601 Bloke 
   Street,#600 
   Denver CO 80202 
   Fax: 303-359-3435
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
245
    	
 
    	
Kenwood Mall
    	
 
    	
7789 MontgomofY Road
    	
 
    	
Cincinnati
    	
 
    	
OH
    	
 
    	
Gerald J. Schoonover
    21411Widgeon Terrace
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fort Meyers Beach   Fl33931
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:239-946-3530
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
246
    	
 
    	
West Broad
    	
 
    	
3833 West Broad Street
    	
 
    	
Columbus
    	
 
    	
OH
    	
 
    	
Jennifer Rowland
    3833 West Broad   Street, LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o SB Management Corporation
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
433 North Camdan   Drive,Suite 1070
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Beverly HIUs CA 90210
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:31G-027-6602 121
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:31G-027-6622
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
247
    	
 
    	
4th Avenue
    	
 
    	
354 4th Avenue
    	
 
    	
Brooklyn
    	
 
    	
NY
    	
 
    	
Donald Resnlcoff
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Retaco Holding Company,   LLC, a New York
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Member
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
362 Kingsland Avenue
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Brooldyn NY 11222
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 718-839-5300
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 716-834-2514
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
247
    	
 
    	
4th Avenue
    	
 
    	
354 4th Avenue
    	
 
    	
Brooklyn
    	
 
    	
NY
    	
 
    	
MondyTaffel
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Relaco Holding Company,   LLC, a New York
    	
 
    	
 
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Member
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
362 Kingsland Avenue
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Brooklyn NY 11222
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
248
    	
 
    	
Saginaw
    	
 
    	
3196 Tittsbawassee Road
    	
 
    	
Saginaw
    	
 
    	
Ml
    	
 
    	
Jeffrey E. Sobel
   Fortune Associates,L.L.C.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
30800 Northwestern Hwy.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Second Fl.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fanmngton HHis Ml48334
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
250
    	
 
    	
Berlin
    	
 
    	
44 Bonin Turnpike
    	
 
    	
Berlin
    	
 
    	
CT
    	
 
    	
Emmanuel GavrfUa
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Olympia Motor Inn, Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
President
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3413 Berlin Turnpike
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Newington CT 08111
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
252
    	
 
    	
Tyrone Blvd
    	
 
    	
2601 Tyrone Boulevard
    	
 
    	
St. Petoroburg
    	
 
    	
FL
    	
 
    	
Westwood Garden Apartments rJo Gregory
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3200 46th Avenue North
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
St. Poteruburg FL 33714
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
253
    	
 
    	
Broomall
    	
 
    	
2916 Springfield Road
    	
 
    	
Broome!
    	
 
    	
PA
    	
 
    	
Vica President..RealEstate Finance
   The Prudential Insurance Company of America
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
10 Rockefeller Plaza,   15th Floor
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Now York NY 10020
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
255
    	
 
    	
Pittsfield
    	
 
    	
690 Marril Road
    	
 
    	
Plltsfield
    	
 
    	
MA
    	
 
    	
MichaelPanek
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Phoenix MerriU Road LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Property Manager
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o   Phoenix Really   Management LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
101 East Ridge Executive Park
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Danbury CT 06810
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 203-379-0295
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:203-37!1-0297
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:MIKEPANEK@aol.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
281
    	
 
    	
MID Plain
    	
 
    	
305-C South East Chkolov   Drive
    	
 
    	
Vancouver
    	
 
    	
WA
    	
 
    	
Thrift-Cascade Investments, L.L.C.
    201 NE Perk Plaza   Dr.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tower1
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sto.200
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Vancouver WA 98884
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
261
    	
 
    	
MH!Plain
    	
 
    	
305-C South East Chkalov   Drive
    	
 
    	
Vancouver
    	
 
    	
WA
    	
 
    	
Thrift-Cascade Investments, L.L.C.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
305 South East Chkalov   Dr.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ste.119
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Vancouver WA 98661
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 360-089-3121
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
262
    	
 
    	
Audubon
    	
 
    	
114 Black Horse Pike
    	
 
    	
Audubon
    	
 
    	
NJ
    	
 
    	
Steven B. Woffson
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Audobon Ventures Limited   Liability Company
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Thomas Verrichia
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Wolfson Venichla Group Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
120 W.Gennsntown Piko,   Sullo 120
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Plymouth Mooting PA   19462
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 610-027-8899
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 610-027-8880
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
264
    	
 
    	
Niles
    	
 
    	
5555 Youngstown Warren Road
   #7
    	
 
    	
Niles
    	
 
    	
OH
    	
 
    	
Anthony M. Cafaro
 The Cafaro Company
    	
 
    	
LEASED
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
2445 Belmont Avenua, PO   Box 2186
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Youngstown OH 44504-0186
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
267
    	
 
    	
Union
    	
 
    	
2525 Route 22 Wast
    	
 
    	
union
    	
 
    	
NJ
    	
 
    	
PaulGagllotl
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
275 Route 22 East
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
SprlngfHlId NJ 07081
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:973-337-6164 29
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax_:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:973-322-1799
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
268
    	
 
    	
South Academy
    	
 
    	
115 North Academy Road
    	
 
    	
Colorado Springs
    	
 
    	
CO
    	
 
    	
Cole PB Portfolio II, LP
   2555 E.Cemelbeck Rood
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Su o400
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Phoenix A2 85016
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
270
    	
 
    	
North Academy
    	
 
    	
7625 North Acadamy Blvd
    	
 
    	
Colorado Springs
    	
 
    	
CO
    	
 
    	
Jay Rosenbaum
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Woodland Paradise   Corporation
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
118 N. Tejon Stroot,   Sullo 402
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Colorado Springs CO   80900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
271
    	
 
    	
Littleton
    	
 
    	
7469 Park Meadows Drive
    	
 
    	
Englewood
    	
 
    	
CO
    	
 
    	
MichaelC. Bullock
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
SB Advisors, Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
5675 DTC Boulevard,   Sulte110
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Greenwood VIDage CO   80111
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 303-377-7275
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 303-377-7298
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
271
    	
 
    	
Littleton
    	
 
    	
7469 Park Meadows Drtvo
    	
 
    	
Englewood
    	
 
    	
CO
    	
 
    	
MichaelC.BuHock
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
SB   Advisor>, Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
P.O.Box 3434
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Englewood CO 80155-3434
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:303-377-7275
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:303-377-7298
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
272
    	
 
    	
Colerain
    	
 
    	
8300 Colerain Avenue
    	
 
    	
Cincinnati
    	
 
    	
OH
    	
 
    	
MichaelHardert 
    4755 Day Road
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
ClnciMaUOH45239
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 513-338-8882
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
275
    	
 
    	
Hazel Dell
    	
 
    	
7400 N.E.Highway 99
    	
 
    	
Vancouver
    	
 
    	
WA
    	
 
    	
Joy Wrtght/Property Mgmt.Dept, 33R
    	
 
    	
LIEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
ROUNDUP COMPANY
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ro:Tenant Accl #   0014011010
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
P.O. Box 42121
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Portland OR 97242.()121
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 800-085-9202 3116
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 503-379-3545
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email: joy.wrtght@fredmayar.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
275
    	
 
    	
Hazel DaR
    	
 
    	
7400 N.E.Highway 99
    	
 
    	
Vancouver
    	
 
    	
WA
    	
 
    	
Beverty Stautz
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fred Meyer, Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Vice President, Property Management
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3600 SE 2nd Avenue
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Portland OR 97202
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 503-379-3545
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
280
    	
 
    	
Roosevelt Blvd
    	
 
    	
4640 Roosevelt Blvd.
    	
 
    	
PhRodelphla
    	
 
    	
PA
    	
 
    	
NationalRalallProperties   Trust
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Attn:Vice Pressident-   Asset Management
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
450 South Orange Ave.
    	
 
    	
 
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sle. 900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Orlando R. 32801
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 321·120·2134
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
283
    	
 
    	
Baldwin
    	
 
    	
850 Sunrise Highway
    	
 
    	
Baldwin
    	
 
    	
NY
    	
 
    	
Louis Lorcari
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Mintz & Schaffer
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3785 Torrey Pines Blvd.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sarasola FL 34326
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
283
    	
 
    	
Baldwin
    	
 
    	
850 Sunrise Highway
    	
 
    	
Baldwin
    	
 
    	
NY
    	
 
    	
Louis LBJCsrl
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Nunleys Amusement Corporation, a New York
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3785 Torrey Pines   Boulevard
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sarasola FL 34236
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
285
    	
 
    	
North Lake Blvd
    	
 
    	
3169 NorthLake Blvd
    	
 
    	
PaJm Beach Gardens
    	
 
    	
FL
    	
 
    	
McPhaD Associates, LLLP
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
PO Box 3369
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Duluth GA 30096
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:678-857-9139
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
296
    	
 
    	
Pasadena
    	
 
    	
5445 Fairmont Parkway
    	
 
    	
Pasadena
    	
 
    	
TX
    	
 
    	
Cole PB Portfolio I,LP
   2555 E. Camelback Road
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sulta400
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Phoenix AZ 85016
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tal:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Call:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Wab:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
300
    	
 
    	
Hackensack
    	
 
    	
85Courl St
    	
 
    	
Hackensack
    	
 
    	
NJ
    	
 
    	
H. Terry Ferber and   Daryl Cheryl Ferber
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
32 Glenwood Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Upper Saddle River NJ   07458
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tot 201·134·3324
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
301
    	
 
    	
lafayette
    	
 
    	
2121 South Sagamore Parkway
    	
 
    	
Lafayette
    	
 
    	
IN
    	
 
    	
Kevin Sims
    Simon Property   Group, L.P.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Property ID n 3911
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
225 W. Washington Street
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
lndlanepotls IN   46204-3438
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 317-763-1600
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:’INNI.simon.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
310
    	
 
    	
Kissimmee
    	
 
    	
302 W. VIne St
    	
 
    	
Kissimmee
    	
 
    	
FL
    	
 
    	
Howard Sands
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
CPPB 2 Kissimmee,LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
545 South Figueroa Sl
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sta. 614
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Loa Angalea CA 90071
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:213-348-9878
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
311
    	
 
    	
Sunrise & Flagler
    	
 
    	
601 Sunrise Blvd
    	
 
    	
Ft Lauderdale
    	
 
    	
FL
    	
 
    	
Sunflagler, Inc. c/o Amerlty DeveSopment &
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
2419 East Commarclat   Boulevard Sta. 301
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ft. Lauderdale FL 33308
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 305-54
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
312
    	
 
    	
Jersey City
    	
 
    	
Metro Plaza Mall
    	
 
    	
Jersey City
    	
 
    	
NJ
    	
 
    	
GmggWasser
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
G&S lnvastors/Jersay   City L.P.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
303 Winding Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Old Bethpage NY   11804
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
314
    	
 
    	
Piadmont Road
    	
 
    	
2399 Piadmont Road
    	
 
    	
Atlanta
    	
 
    	
GA
    	
 
    	
Merrill D.Wynne
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Pladmont·Lindberg   Associates,LLC, GA limited
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o HabW, Arogati & Wynne, P.C.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
1073 West Peachtree Street, NE
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Atlanta GA 303()9..3637
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
316
    	
 
    	
Sandy Springs
    	
 
    	
6521 Roswell Road
    	
 
    	
Atlanta
    	
 
    	
GA
    	
 
    	
Marc/Brown
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Charles S.   Ackerman & Elliott L.Haas c/o
    	
 
    	
 
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
1040 Cmwn Pnlnt Parkway   11200
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Atlanta GA 30338
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tal: 770-051-3900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 770-091-3965
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
317
    	
 
    	
Hamdan
    	
 
    	
2301 Dlxwall Ava
    	
 
    	
Hamden
    	
 
    	
CT
    	
 
    	
Camlyn lnglla
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
2335 Rnule 10 Hamden-CT.Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
VIce Preslden’
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o RREEF Managamant   Company
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3340 Peachlree Rd., NE
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
sune 250
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Atlanta GA 30326
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:404-446-6555 6575
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:404-445-6556
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:carolyn.inglls@rreef.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
318
    	
 
    	
Worcester West
    	
 
    	
50 MilStreet, Route 12
    	
 
    	
Worcester
    	
 
    	
MA
    	
 
    	
c/o The Boierd Gmup   Holdings, Inc.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
One Joy Street
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Boslon MA 02106
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 617-724-9200
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:617·724-4044
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
323
    	
 
    	
BelWort
    	
 
    	
7990 Be!Wort St
    	
 
    	
Houston
    	
 
    	
TX
    	
 
    	
MinSoo Kwon
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
11314 Lakeside Place
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Houston TX 77077
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
333
    	
 
    	
Copperfield
    	
 
    	
6900 Highway 6 North
    	
 
    	
Houston
    	
 
    	
TX
    	
 
    	
Heather McMillon
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
MacDonald Hwy 6 No.4   L.P., c/o Wuffa Mgml
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Property Manager
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
12 Greenway Plaza, SuRe   1500
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Houston TX 77045-1287
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:713-362·2229
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:713-322·1234
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
338
    	
 
    	
Breckenridge
    	
 
    	
1001 Breckenridge Lana
    	
 
    	
loulsvUle
    	
 
    	
KY
    	
 
    	
MichaelMarylotta
 The Kroger Company
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Priority Properties
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
1045 S. Woods MiU Rosd,   Sulta 1
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Town & Country   63017
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:636-622-3200
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
FBJ<: 635-622 -4020
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
342
    	
 
    	
Henry Ave.
    	
 
    	
3101W. Allegheny Ave
    	
 
    	
Philadelphia
    	
 
    	
PA
    	
 
    	
Jerry Holtz 
   P.J.Leasing Company, L.P.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
P.O.Box 190
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
VU!enova PA 19085
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:610-052·2010
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:610-052-1905
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
343
    	
 
    	
Annapolis
    	
 
    	
1911 West Street
    	
 
    	
Annapolis
    	
 
    	
MD
    	
 
    	
Robert W. Johnson
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
J.F. Johnson   Holdings,Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
8200 Vetarans Highway
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
P.O.Box248
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
MiUersvUta MD 21108
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 410.098-5200 100
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:410-095-3083
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
345
    	
 
    	
Hicksville
    	
 
    	
15 East Old Country Road
    	
 
    	
Hicksville
    	
 
    	
NY
    	
 
    	
Alvin Rush
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
15 OC Realty LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
President
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
One Barstow Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
GrealNeck NY 11021
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
349
    	
 
    	
Five Town
    	
 
    	
600 Burnside Road
    	
 
    	
Inwood
    	
 
    	
NY
    	
 
    	
Inwood COmmons, LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
46 East Old Country Rood
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Mineola NY 11501
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 516-6B7-1Bn
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax.:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
CeO:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
349
    	
 
    	
Five Town
    	
 
    	
600 Burnside Road
    	
 
    	
Inwood
    	
 
    	
NY
    	
 
    	
Tamera K. Jordan
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
ABA #030219275
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Credit: Midland Loan Services, l.P.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Rat Inwood Commons,   LLC/The Pep Boys
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:tamera.jordan@midlandls.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Forest Avenue
    	
 
    	
3rd Van Name 
    	
 
    	
Staten 
    	
 
    	
NY
    	
 
    	
Howetd Sands
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Avenue
    	
 
    	
Island
    	
 
    	
 
    	
 
    	
CPPB II, LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
545 South Figueroa Sl.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sle.614
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Los Angeles CA 90071
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fox: 213-348-9676
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
363
    	
 
    	
Central Avo
    	
 
    	
1008 CentralAvenue
    	
 
    	
Albany
    	
 
    	
NY
    	
 
    	
Joseph and Noreen Rosetti
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/oDodgaWorld
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
1606 Route 9
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Clifton Park NY 12065
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
364
    	
 
    	
Red Rose Commons
    	
 
    	
1700 FrullvDia Pike
    	
 
    	
Lancaster
    	
 
    	
PA
    	
 
    	
Red Rose Commons Associates, LP
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Goldenberg Group
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
350 Sentry Parl<way
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Building 630, Sullo 300
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Blue BellPA 19422
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
369
    	
 
    	
BlrdRoed
    	
 
    	
10660 Southwest 
    	
 
    	
Miami
    	
 
    	
FL
    	
 
    	
OsvaJdo M. Vento
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
40th Street
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Everglades Lumber end   Building Supply Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
7995 S.W.94th Street
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Miami FL 33156
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 305-528-1155
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 305-526-2939
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Emell:305-266-5011
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
370
    	
 
    	
Military Trail
    	
 
    	
BOO North Military 
    	
 
    	
West Palm 
    	
 
    	
FL
    	
 
    	
Gollvlew Shaping Ploza   Associates
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Trail
    	
 
    	
Beech
    	
 
    	
 
    	
 
    	
872 North MUitary Trail
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
West Palm Beech FL 33415
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
370
    	
 
    	
Military Trail
    	
 
    	
800 North Military Trail
    	
 
    	
West Palm Beach
    	
 
    	
FL
    	
 
    	
Herbert C. Gibson, Esq.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Neva Mae Brockway, George R. Brockway & H.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Florida NanBank Bldg.,   1st Street
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
West Palm Beech FL 33401
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
371
    	
 
    	
Bethel Park
    	
 
    	
5055 Library Road 
    	
 
    	
Pittsburgh
    	
 
    	
PA
    	
 
    	
New Plan Excel Realty Trust, Inc.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
(RI. 88)
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Centro Properties Group
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Attn: LegalDept.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
420 Lexington Ave., 7lh Fl.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
New York NY 10170
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
CeU:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
373
    	
 
    	
Elmwood Avenue
    	
 
    	
1996 Elmwood 
    	
 
    	
Buffalo
    	
 
    	
NY
    	
 
    	
Howetd Sanda
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Avenue
    	
 
    	
 
    	
 
    	
 
    	
 
    	
CPPB II, LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
545 SOuth Figueroa St.
    	
 
    	
 
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Suite. 614
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Los Angeles CA 90071
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:213-348-9878
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
374
    	
 
    	
Beer
    	
 
    	
1184 Pulaski Highway
    	
 
    	
Beer
    	
 
    	
DE
    	
 
    	
Glenbeer, LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Capano Management
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
105 Foulk Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Wilmington DE 19803
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 302-242-1086
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
380
    	
 
    	
Warmister
    	
 
    	
982 Street Road
    	
 
    	
Warminster
    	
 
    	
PA
    	
 
    	
Gino Tracanna
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Heritage Property Investment Trust
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
131 Da mouth Street
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Boston MA 02116-5134
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 617-724-2200
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:617-726-0885
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:gtracanna@herltagerealty.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
380
    	
 
    	
Warminster
    	
 
    	
982 Street Rood
    	
 
    	
Warminster
    	
 
    	
PA
    	
 
    	
Legol Depament
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Heritage Warminster SPR LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Heritage Raally   Management, Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
131 Dortmouth Street
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Bostom MA 02110
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:617-724-2200
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:617-726-0855
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:www.heritagereatty.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
382
    	
 
    	
Tamarac
    	
 
    	
7305 West CommerclaiBoulev
    	
 
    	
Bfd Tamarac
    	
 
    	
Fl
    	
 
    	
Cats PB Portfolio I, LLP
   2555 E. Camelback Rood
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Suite 400
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Phoanix AI. 85016
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
385
    	
 
    	
Harford Ford
    	
 
    	
4821 Harford Road
    	
 
    	
Baltim<Jra
    	
 
    	
MD
    	
 
    	
VE Bond, LLC, a Maryland   Umftod liability
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Village Square I, Sullo   141
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Villege of Cross Keys MD   21210
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
387
    	
 
    	
Stirling Rood
    	
 
    	
2721 Stirling Road
    	
 
    	
Hollywood
    	
 
    	
Fl
    	
 
    	
Colchester Insurance Company
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
100 Bonk St.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Suite. 610
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Burlington VT 05402
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
390
    	
 
    	
Wikes Barre
    	
 
    	
450 Wilkes Berra   Township 
   Boulevard
    	
 
    	
WikesBarre
    	
 
    	
PA
    	
 
    	
George A. Hessy 
 Trustee
 P.O. Box 752
   Wilkes-Barre PA 18703
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
397
    	
 
    	
Jupiter
    	
 
    	
2084 West Indiantown   Road
    	
 
    	
Jupiter
    	
 
    	
FL
    	
 
    	
5500 S.W. 8th St.   Property, Inc.
   2503 S.W. 27th Avenue
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Mlemi FL 33133
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 305-585-71 n
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:305-585-9668
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
398
    	
 
    	
Bradenton
    	
 
    	
2303 Cortez Rd
    	
 
    	
Bradenton
    	
 
    	
FL
    	
 
    	
H. Ray McPhail
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o McPhail Properties, Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
PO Box 3369
    	
 
    	
 
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Duluth GA 30096
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:678-857-9139
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:676-657-9135
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
401
    	
 
    	
Glassboro
    	
 
    	
711 North Delsea Drive
    	
 
    	
Glassboro
    	
 
    	
NJ
    	
 
    	
Kranzco Realty Trust
   c/o Centro Properties Group
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Attn: General Counsel, Property
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
420 Lexington Ave., 7th   Fl.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
New York NY 10170
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
403
    	
 
    	
Garden City
    	
 
    	
29611 Ford Road
    	
 
    	
GardenCity
    	
 
    	
Ml
    	
 
    	
 John   Elieff
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
T & J Ford   Limited LlebQity Company, a Michigan
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
25301Michigan Avenue
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Dearborn Ml48124
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 313-327-5373
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
404
    	
 
    	
Mansfield
    	
 
    	
480 Lexington Road
    	
 
    	
Ontario
    	
 
    	
OH
    	
 
    	
Craig J. Denley
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
C.J.R.E. Ontario,L.L.C.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
599 Harlan Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Mansfield OH 44903
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
417
    	
 
    	
Meriden
    	
 
    	
454 South Broad Street
    	
 
    	
Meriden
    	
 
    	
CT
    	
 
    	
John A. Mesa Esq.
   Amalfl Capital, LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
11835 W Olympic   Boulevard
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Suite1100
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Los Angales CA 90064
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 310-047-6400
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 310-047-8702
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
CeH:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
419
    	
 
    	
Everett
    	
 
    	
1686 Revere Beach Parkway
    	
 
    	
Everett
    	
 
    	
MA
    	
 
    	
Alysa Block
   OLPEverettLLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
60 Cutter MillRd.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Suite.303
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Great Neck NY 11021
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 516-677-2746
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Emaii:Ablock@Gouldlp.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
422
    	
 
    	
Cinnaminson
    	
 
    	
Route 130 North And   Church
    	
 
    	
Cinnaminson
    	
 
    	
NJ
    	
 
    	
202 Route 130 LLC
   c/o PCF Management LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Road
    	
 
    	
 
    	
 
    	
 
    	
 
    	
107 Haddon Ave.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Westmont NJ 08108
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:856-68 600 1309
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
437
    	
 
    	
Long Island City
    	
 
    	
36-50 21st Street
    	
 
    	
Queens
    	
 
    	
NY
    	
 
    	
Jiashu Xu and George Xu
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
134-03 35th Street
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Flushing,NY 11354
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
438
    	
 
    	
Jamaica
    	
 
    	
94-47 Merrick Boulevard
    	
 
    	
Jamaica
    	
 
    	
NY
    	
 
    	
VIncent OeJana
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
68 Carlton Ave.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Port Washington NY 11050
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 516-629-6000
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 516-629-6080
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
438
    	
 
    	
Jamaica
    	
 
    	
94-47 Merrick Boulevard
    	
 
    	
Jamaica
    	
 
    	
NY
    	
 
    	
Fazza Kahn
   Fezza Kahn, an Individual
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
133-12 Liberty Avenue
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Richmond HID NY 11419
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
439
    	
 
    	
Bridgeport
    	
 
    	
513 Booton Avenue
    	
 
    	
Bridgeport
    	
 
    	
CT
    	
 
    	
Boston Avenue Associates   Limited Partnership
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
74 Goodsell Street
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Bridgeport CT 06601
    	
 
    	
 
    

 

 

	
445
    	
 
    	
Geofue Dieter
    	
 
    	
1910 George Dieter Drive
    	
 
    	
ElPeso
    	
 
    	
TX
    	
 
    	
EUas Abraham
    5824 Vista Clam
    	
 
    	
LEASED
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
ElPeso TX 79912
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 

	
453
    	
 
    	
Ridgewood
    	
 
    	
60-71 Metropolitan Avenue
    	
 
    	
Ridgewood
    	
 
    	
NY
    	
 
    	
Frederic Slain
   Metropolitan CarpelOutlet, lnc./Be Site Realty
    	
 
    	
LEASED
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
35-1141st Street
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Long Island NY 11101
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:718-13394900
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 

	
454
    	
 
    	
North Brunswick
    	
 
    	
Route 1 South And North   Oaks
    	
 
    	
North Brunswick
    	
 
    	
NJ
    	
 
    	
Phil Schiffman
   North Brunswick Shopping Plaza 
    	
 
    	
LEASED
    	
 

	
 
    	
 
    	
 
    	
 
    	
Boulevard
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Associates
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
820 Morris Turnpike,Suite   301
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Short HRis NJ 07078
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 973-346-5000 139
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:973-346-0550
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 

	
457
    	
 
    	
Port Jefferson
    	
 
    	
5170 Nesconset Highway
    	
 
    	
Port Jeffarson Station
    	
 
    	
NY
    	
 
    	
Stephen King
 5164 Nesconset Highway, Port   Jefferson Station
    	
 
    	
LEASED
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NewYork NY 11766
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:631-147-5700
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:631-147-5820
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 

	
459
    	
 
    	
Hempstead
    	
 
    	
320 Peninsula Boulevard
    	
 
    	
Hempstead
    	
 
    	
NY
    	
 
    	
Steve Kaufman
    HVCA, LLC,a New York   limited Debility company
    	
 
    	
LEASED
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Bosser Kaufmen Development Company, Inc.
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
335 Central Avenue
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Lawrence NY 11559
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 

	
462
    	
 
    	
Piscataway
    	
 
    	
1052 Stelton Rd.
    	
 
    	
Piscataway
    	
 
    	
NJ
    	
 
    	
Kopsoftis Hok:lings, L.l.C. a New Jersey Limited
    	
 
    	
LEASED
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
14 Carpathia Street
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Piscataway NJ 08854
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 732-275-5349
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 

	
463
    	
 
    	
Providence
    	
 
    	
1246 North Main 
    	
 
    	
Providence
    	
 
    	
Rl
    	
 
    	
James Botvin
    	
 
    	
LEASED
    	
 

	
 
    	
 
    	
 
    	
 
    	
Street
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Botvln Realty Company
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
550 Pawtucket Avenue
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Pawtucket Rl 02860
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 

	
464
    	
 
    	
Westvala
    	
 
    	
2101 West Genesee Street
    	
 
    	
Syracuse
    	
 
    	
NY
    	
 
    	
Mr.Robert Santaro
   Westvale Plaza
    	
 
    	
LEASED
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Property Manager
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
2102 West Genesee Street
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Syracuse NY 13219-1679
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 315-546-8241
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 315-546-6753
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 

	
465
    	
 
    	
Franklin Perk
    	
 
    	
1939 Laskey Road
    	
 
    	
Toledo
    	
 
    	
OH
    	
 
    	
Chuck Larkin
    	
 
    	
LEASED
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
PEP Boys - Manny   Moe & Jack,Inc.
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NaUonalDirector of   RealEstate
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3111 W. Allegheny Ave.
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Philadelphia PA 19132
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 215-543-9240
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 215-543-4664
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:267-787-8585
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Emall:chuck_lerkin@pepboys.com
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 

	
465
    	
 
    	
Franklin Perk
    	
 
    	
1939 Leakey Road
    	
 
    	
Toledo
    	
 
    	
OH
    	
 
    	
MarshaU Brown
    	
 
    	
LEASED
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
H & M   Enterprises,LTD., an Ohio limited liability
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3238 lander Road
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Pepper Pike OH 44124
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 561-177-1527
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 

	
467
    	
 
    	
Revere
    	
 
    	
147 Squira Road
    	
 
    	
Revere
    	
 
    	
MA
    	
 
    	
Alexander J. Caruso
    	
 
    	
LEASED
    	
 

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Dam-Pat Realty Trust
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
185 Squire Road, Sune   119
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Revere MA 02151
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 781-128-4420
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 781-128-4421
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:alex.caruso@verizon.nal
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
467
    	
 
    	
Revere
    	
 
    	
147 Squire Road
    	
 
    	
Revere
    	
 
    	
MA
    	
 
    	
Chuck Lerldn
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
PEP Boys · Manny Moa & Jack, Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NationalDirector of Real   Estate
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3111 W. Allegheny Ave.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Philadelphia PA 19132
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 215-543-9240
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 215-543-4684
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell: 267-787-8585
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email: chuck_larfdn@pepboys.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
468
    	
 
    	
Whaatridge
    	
 
    	
7525 West 44th Avenue
    	
 
    	
Wheatridga
    	
 
    	
CO
    	
 
    	
Pecific Reality   Associates, L.P.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Attn: General CounseV/Tenam No. 1ptr5487 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
15350 SW Sequoia   Parkway, Sullo 300
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Portland OR 97224
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
469
    	
 
    	
Raynham
    	
 
    	
59 Now State Highway   (RI.44)
    	
 
    	
Raynham
    	
 
    	
MA
    	
 
    	
Herold Gornick
 Raynham Crossing, LP
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o CGICompanies
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
637 Washington Street Room 200
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Brookins MA 02146
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 617-773-1900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
474
    	
 
    	
Westchester
    	
 
    	
6136 West Menchasler   Blvd.
    	
 
    	
Westchester
    	
 
    	
CA
    	
 
    	
Robert H Schwab
   c/o R&L Propertias
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
10940 Wilshire   Boulevard, Sullo 2250
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Los Angelas CA 90024
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tet 310-020-1800
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:310-020-1899
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
475
    	
 
    	
East Puente Hills
    	
 
    	
17811 East Colima 
    	
 
    	
City Of 
    	
 
    	
CA
    	
 
    	
C/O Kam Sang   Co., Inc.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Road
    	
 
    	
Industry
    	
 
    	
 
    	
 
    	
411 E. Huntington Dr.,#   305
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Aracadia CA 91006
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 626-644-2988
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
CoP:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
475
    	
 
    	
East Puente Hills
    	
 
    	
17811 East Colima Road
    	
 
    	
City Of Industry
    	
 
    	
CA
    	
 
    	
Chuck Larkin
   PEP Boys Manny Moe & Jack, Inc.
    	
 
    	
LEASEO
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
National Director of Real Estate
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3111 W.Allegheny Ave.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Philadelphia PA 19132
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 215-543-9240
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 215-543-4684
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell: 267-787-8585
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email: chuck_larfdn@pepboys.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
478
    	
 
    	
Glider Ridge
    	
 
    	
Walker Road end Cedar   Hills
    	
 
    	
Beaverton
    	
 
    	
OR
    	
 
    	
Chuck Larkin
   PEP Boys · Manny Moe & Jack, Inc.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Blvd.
    	
 
    	
 
    	
 
    	
 
    	
 
    	
National Director of Real Estate
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3111 W. Allegheny Ave.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Philadelphia PA 19132
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 215-543-9240
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 215-543-4884
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
CeU: 267-767-8585
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email: chuck_lerkin@pepboys.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
478
    	
 
    	
Glider Ridge
    	
 
    	
Welker Road end Ceder   Hills
    	
 
    	
Beaverton
    	
 
    	
OR
    	
 
    	
Joan 8 Pratt
   2360 SW Westfteld Avenue
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Blvd.
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Portland OR 97225
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 503-364-3977
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Col:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
479
    	
 
    	
Skokie
    	
 
    	
5222 Touhy Avenue
    	
 
    	
Skokie
    	
 
    	
IL
    	
 
    	
Touhy Plaza, LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
clo lawrence B. Ordower Real   Estate
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
One North laSaHe Street, Suite 1300
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Chicago IL 60602
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:312-226-5122
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax.: 312-226-0023
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
460
    	
 
    	
Aubum
    	
 
    	
305 Center Street
    	
 
    	
Aubum
    	
 
    	
ME
    	
 
    	
Konrad Gesner
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
KGI, LLC, a Massachusetts limited liability
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
President
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
One International Place
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Boston MA 02110
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
490
    	
 
    	
Bristol
    	
 
    	
488 Farmington Avenue
    	
 
    	
Bristol
    	
 
    	
CT
    	
 
    	
Chuck Larkin
   PEP Boys - Manny Moe & Jack, Inc.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Nationel Director of Rest Estate
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3111 W. Allegheny Ave.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Philadelphia PA 19132
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 215-543-9240
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 215-543-4694
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell: 267-767-8565
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:   chuck_larkln@pepboys.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
490
    	
 
    	
Bristol
    	
 
    	
488 Farmington Avenue
    	
 
    	
Bristol
    	
 
    	
CT
    	
 
    	
Edward and Janet Redman
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Redman’s Trailers
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
26 Buckboard Lane
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Bristol CT 06010
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
494
    	
 
    	
Green Valley
    	
 
    	
3490 East Sunset Rood
    	
 
    	
Las Vegas
    	
 
    	
NV
    	
 
    	
Howard Sands
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
CPPBII, LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
545 South Figueroa Sl
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sto.614
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Los Angeles CA 90071
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fwc:213-346-9878
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
496
    	
 
    	
Jersey City
    	
 
    	
701 Route 440 Hudson   Mall
    	
 
    	
Jersey City
    	
 
    	
NJ
    	
 
    	
Hudson Associates Limited Partnership
    c/o   PREIT-RUBIN, Inc.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Attn: GeneralCounsel
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
200 South Broad St., 3rd   Fl.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Philadelphia PA 19102
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
519
    	
 
    	
Pottstown
    	
 
    	
101 Shoemaker 
    	
 
    	
Pottstown
    	
 
    	
PA
    	
 
    	
L. Stanley Mauger,   Esquire
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Road
    	
 
    	
 
    	
 
    	
 
    	
 
    	
1529 Kauffman Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Pottstown PA 19464
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
523
    	
 
    	
Slota College
    	
 
    	
2268 East College Avenue
    	
 
    	
College Pork
    	
 
    	
PA
    	
 
    	
Kathy Ann Wlshlnskl
   c/o Pyramid Construction Group
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
275 North Franklin   Tumplka
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ramsey NJ 07446
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:201-132-1919
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:201-132-0054
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
525
    	
 
    	
Winchester
    	
 
    	
2001 S. Pleasant Valley Road
    	
 
    	
Winchester
    	
 
    	
VA
    	
 
    	
Sheela Nayak
    Clue Drive, LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
9501 Polomac Dr.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fort Washington MD 20744
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 301-183-5883
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 703-35()-2195
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:svaryhappy@msn.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
528
    	
 
    	
Everett Moll
    	
 
    	
10113 Evergrsen Way
    	
 
    	
Everett
    	
 
    	
WA
    	
 
    	
AI Jlwanl
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Southpoint Plaza LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
406 El6ngson Rood
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Pacific WA 96047
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 253-383-7863
    	
 
    	
 
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
529
    	
 
    	
Puyellup
    	
 
    	
12228 Meridian East
    	
 
    	
Puyallup
    	
 
    	
WA
    	
 
    	
attn:LarryOison
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
MelviRo Olson and Jacqueline Oison
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
12402 E. Meridian Street
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Puyallup WA 98373
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:253-384-1857
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
542
    	
 
    	
Airport Highway
    	
 
    	
5804 Airport 
    	
 
    	
Toledo
    	
 
    	
OH
    	
 
    	
Chuck Larkin
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Highway
    	
 
    	
 
    	
 
    	
 
    	
 
    	
PEP Boys- Manny Moe & Jack, Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
National Director of Real Estate
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3111 W. Allegheny Avo.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Philadelphia PA 19132
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:215-543-9240
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 215-543-4884
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:267-787-8585
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:chuck_larkln@pepboys.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
542
    	
 
    	
Airport Highway
    	
 
    	
5804 Airport 
    	
 
    	
Toledo
    	
 
    	
OH
    	
 
    	
Mark Zyndorf
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Highway
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Area Growth Investors, Ltd.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Four SeaGate
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Suite SOB
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Toledo OH 43804
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 419-924-7070
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:419-925-2439
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:mzyndorf@signatureaasociates.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web: 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
544
    	
 
    	
Apopka
    	
 
    	
2000 Semoran Blvd
    	
 
    	
Apopka
    	
 
    	
FL
    	
 
    	
Colchester Insurance Company
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
100 Bank Sl.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ste. 610
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Burlington YT 05402
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
545
    	
 
    	
Clay
    	
 
    	
8075 Oswego Reed
    	
 
    	
Livarpooi
    	
 
    	
NY
    	
 
    	
Enrico Scarda
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Clay Commons LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Owner/Manager
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3124 Expressway Drive   South
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Islandia NY 11749
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 631-123-2438
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:831-123-2438
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:ALL CORRESPONDENCE   OTHER THAN
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
549
    	
 
    	
Robinson 
    	
 
    	
6581Steubenvila Pike
    	
 
    	
PIHsburgh
    	
 
    	
PA
    	
 
    	
Dr. Alfonso Coala
    	
 
    	
LEASED
    
	
 
    	
 
    	
Township
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Marla Associatos
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
44 Long Meedow Court
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Pittsburgh PA 15238
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
582
    	
 
    	
Lodi
    	
 
    	
1401 South Cherokee 
    	
 
    	
Lodl
    	
 
    	
CA
    	
 
    	
Ronald L.Berber
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Lana
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Berber Veilajo   Propertias, L.P.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
2595 Auto MallPkwy.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Falrf101d CA 94533
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 707-740.7064
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:707-740.7207
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:RBarbor@Berberauto.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
564
    	
 
    	
Patchogue
    	
 
    	
425 Sunrise 
    	
 
    	
Patchogue
    	
 
    	
NY
    	
 
    	
c/o  The Alrose   Group
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Highway
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3-4 Station Plaza
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Woodmere NY 11598
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 516-656-6700
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 516-656-6705
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
568
    	
 
    	
Germantown
    	
 
    	
2090().A Fruderlck Rd.
    	
 
    	
Gemantown
    	
 
    	
MD
    	
 
    	
Adam Schwartz
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Milastone Holdings,LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Jerry’s Systems Inc.
    	
 
    	
 
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
15942 Shady Grove Rd.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Gaithersburg MD 20877
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 301-192-8m115
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 301·194-3508
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email: odamjerry@aol.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
574
    	
 
    	
Moorestown
    	
 
    	
401 North Route 38
    	
 
    	
Moorestown
    	
 
    	
NJ
    	
 
    	
Ben Dempsey
    	
 
    	
LEASED
    
	
 
    	
 
    	
(Automobile Service   Only)
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
C/O Auburndale Properties, tnc.
   Property Manager
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
50 nee Boulevard
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Woodcliff lako NJ 07677
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 201-193-8800
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 201-193-2036
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
579
    	
 
    	
Mcloughlin
    	
 
    	
15574 Southeast   Mcloughlin
    	
 
    	
Milwaukie
    	
 
    	
OR
    	
 
    	
Chuck Larkin
 PEP BoysManny Moe &   Jack, Inc.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Blvd.
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NaUonel Director of RenlEstate
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3111W.AlleghenyAvo.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
PhUadelphla PA 19132
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 215-543-9240
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 215-643-4684
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell: 267-787-8585
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email: ehuek_larkln@pepboyo.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
598
    	
 
    	
Ocala
    	
 
    	
2035 SW CaRage Road
    	
 
    	
Ocala
    	
 
    	
FL
    	
 
    	
Colchester Insurance Company
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
100 Bonk Sl.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ste.810
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Burlington VT 05402
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
603
    	
 
    	
Huntington Park
    	
 
    	
2671Rendolph SinH>I
    	
 
    	
Huntington Pork
    	
 
    	
CA
    	
 
    	
RHA.Partners, Ltd.
   DeptLA22110
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Pasadena CA 91185-2110
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 310-054-5781
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
608
    	
 
    	
San Bernardino
    	
 
    	
147 South E.St.
    	
 
    	
San Bernardino
    	
 
    	
CA
    	
 
    	
NNN Aequls”lons,Inc.
 Attn: Vice President·Asset Management
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
450 South Omnga Avo.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ste.900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ortsndo FL 32801
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 321-120-2134
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
611
    	
 
    	
La Mirada
    	
 
    	
14207 Rosecrans Ave.
    	
 
    	
La Mirada
    	
 
    	
CA
    	
 
    	
Transcendent Properties, U.C
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
1 Mouchly
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Irvine CA 92618
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 949-969-4210
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax.: 949-972-1497
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email: waltarl@landalaff.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
613
    	
 
    	
Garden Grove
    	
 
    	
10912 Katella Avenue
    	
 
    	
Anaheim
    	
 
    	
CA
    	
 
    	
Chuck larkin
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
PEP Boyo ·Manny   Moe & Jack, Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
National Director of   Real Estate
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3111 W.AHoghenyAve.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Philadelphia PA 19132
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 215-543-9240
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 215-543-4684
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell: 287-767-6585
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email: chuck_larkln@pepboye.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
613
    	
 
    	
Garden Grove
    	
 
    	
10912 Katella Avenue
    	
 
    	
Anaheim
    	
 
    	
CA
    	
 
    	
Dennis Nicolet
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Wells Fargo Bank. N.A.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
444 South Flower Street
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sulle1360
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Los Angelos CA 90071
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 213-368-8324
    	
 
    	
 
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 213-38 1043
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
637
    	
 
    	
Rancho Cucamonga
    	
 
    	
9292 FoolhftlBlvd.
    	
 
    	
Rancho Cucamonga
    	
 
    	
CA
    	
 
    	
NNN Acquisklono, Inc.
 Attn: Vice President-Asset Management
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
450 Soulh Orange Ave.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sle. 900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Orlando FL 32601
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 321-120-2134
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
638
    	
 
    	
Reseda
    	
 
    	
7340 Reseda Blvd.
    	
 
    	
Reseda
    	
 
    	
CA
    	
 
    	
Georgette S. Nargulzian
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
13138 Chandler Blvd.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sherman Oaks CA 91401
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 618-898-4601
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
638
    	
 
    	
Reseda
    	
 
    	
7340 Reseda Blvd.
    	
 
    	
Reseda
    	
 
    	
CA
    	
 
    	
John B. Narguizian
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
13138 Chandler Blvd.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sherman Oaks CA 91401
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 818-898-4601
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
641
    	
 
    	
EIMonle
    	
 
    	
11937 EaslValley Blvd.
    	
 
    	
EIMonle
    	
 
    	
CA
    	
 
    	
Joan B. Morris
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
12120 N. Falrwood Drive
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Spokana WA 99218-2935
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
642
    	
 
    	
Fullerton
    	
 
    	
1530 Soulh Harbor Blvd.
    	
 
    	
Fullerton
    	
 
    	
CA
    	
 
    	
1530 5. Harbor, LLC
   6352 112 WealThird 51.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Los Angelos CA 90048
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 323-365-9486
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
642
    	
 
    	
Fullerton
    	
 
    	
1530 South Harbor Blvd.
    	
 
    	
Fullerton
    	
 
    	
CA
    	
 
    	
Egan Family Partnership
    6362 1/2 WeslThird   51.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Los Angelos CA 90048
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 323-365-9488
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Mcdowell
    	
 
    	
2424 EeslMcdowell
    	
 
    	
Phoenix
    	
 
    	
Jl2.
    	
 
    	
S..WayLLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
40-161491h Pl.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Flushing NY 11354
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 718-835-3900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
649
    	
 
    	
Merced
    	
 
    	
1207 WoslMain 51.
    	
 
    	
Merced
    	
 
    	
CA
    	
 
    	
Lamont Realty Corp.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
40-181491h Pl.
    	
 
    	
 
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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651
    	
 
    	
Chula Vista
    	
 
    	
454 Broadway
    	
 
    	
Chula Vista
    	
 
    	
CA
    	
 
    	
RobertS. Lion
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Robert Lion and FloraS.   Lion
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
44645 12th Street East
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Lancaster CA 93535
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 661-194-9660
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
651
    	
 
    	
Chula Vista
    	
 
    	
454 Broadway
    	
 
    	
Chula Vista
    	
 
    	
CA
    	
 
    	
RobartS. Lion
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Robart Lion and Floras.   Lion
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
44645 12th Stroot East
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Lancaster 93535
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 661-194-9660
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
656
    	
 
    	
Visa&a
    	
 
    	
3015 South Mooney Blvd.
    	
 
    	
VIsalia
    	
 
    	
CA
    	
 
    	
Atlas-Argo LLC
   4().16149th Pl.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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656
    	
 
    	
Visalia
    	
 
    	
3015 South Mooney Blvd.
    	
 
    	
VIsalia
    	
 
    	
CA
    	
 
    	
Y&YRealtyLLC
   4().16149th Pl.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Flushing NY 11354
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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657
    	
 
    	
Carson
    	
 
    	
810 East Dominguez St.
    	
 
    	
Carson
    	
 
    	
CA
    	
 
    	
Y & Y Realty   LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
40-16 149th Pl.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Flushing NY 11354
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 718-835-3900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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659
    	
 
    	
Tempe
    	
 
    	
1747 E. Apache Blvd.
    	
 
    	
Tempe
    	
 
    	
AZ.
    	
 
    	
Mole-Parker Enterprises
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
937 N. Sycamore Ave.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Los Angelas CA 90038
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 323-385-0111
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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661
    	
 
    	
Speedway
    	
 
    	
4491 East Speedway
    	
 
    	
Tucson
    	
 
    	
AZ.
    	
 
    	
Howard Sands
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
CPPB II, LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
545 South Figueroa St.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ste.614
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Los Angeles CA 90071
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 213-346-9876
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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663
    	
 
    	
Anaheim
    	
 
    	
3030 W. Lincoln Ave.
    	
 
    	
Anaheim
    	
 
    	
CA
    	
 
    	
SangHo Um
    	
 
    	
LEASED
    

 

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3810 Wilshire Blvd.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Apt.911
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Los Angeles CA  90010
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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664
    	
 
    	
Escondido
    	
 
    	
855 West Mission 
    	
 
    	
Escondido
    	
 
    	
CA
    	
 
    	
NNN Acquisitions, Inc.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Ave.
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Attn: Vice President·Asset Management
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
450 South Orange Ave.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ste.900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Orlando FL 32801
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 321-12().2134
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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665
    	
 
    	
Artesia
    	
 
    	
11944 South St.
    	
 
    	
Artesia
    	
 
    	
CA
    	
 
    	
J.C. Buyers LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
4().18149th Pl.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Flushing NY 11354
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 718-835-3900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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685
    	
 
    	
Artasla
    	
 
    	
11944 South St.
    	
 
    	
Artesia
    	
 
    	
CA
    	
 
    	
JUD Really LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
4().16149th Pl.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Flushing NY 11354
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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665
    	
 
    	
Artesia
    	
 
    	
11944 South Sl
    	
 
    	
Artesia
    	
 
    	
CA
    	
 
    	
Lamont Realty Corp.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
4().16149th Pl.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Flushing NY 11354
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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667
    	
 
    	
Oceanside
    	
 
    	
2041 Mission 
    	
 
    	
Oceanside
    	
 
    	
CA
    	
 
    	
LU”an Meena
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Avenue
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Oceanside Plaza, LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
10120 Rlvernlde Drive
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Toluca Lake CA 91602
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 818-898-2484
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 818-878-3937
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
673
    	
 
    	
Kings Canyon
    	
 
    	
5815 East Kings Canyon
    	
 
    	
Fresno
    	
 
    	
CA
    	
 
    	
Robart Wills

WIRs Enterprises
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
7472 North Fresno Street
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sulte209
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fresno CA 93720
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 559-943-2618
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 559-943-4202
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email: wlllsenl@sbcglobal.net
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
673
    	
 
    	
Kings Canyon
    	
 
    	
5815 East Kings Canyon
    	
 
    	
Fresno
    	
 
    	
CA
    	
 
    	
PaulT.Chambars
 1100 Guarantee Savings Bldg.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fresno CA 93721
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
675
    	
 
    	
Indio
    	
 
    	
81- 246 State Highway   111
    	
 
    	
Indio
    	
 
    	
CA
    	
 
    	
Howard Sands
    CPPBCel, LP
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
545 South Figueroa St.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ste.614
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Los Angeles CA 90071
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 213-348-9878
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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676
    	
 
    	
West Covina
    	
 
    	
1540 East Amar Rd.
    	
 
    	
West Covina
    	
 
    	
CA
    	
 
    	
Lomonl Really Corp.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
4().16 1491h Pl.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Flushing NY 11354
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 718-635-3900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
678
    	
 
    	
Lancaster
    	
 
    	
44229 201h 51. West
    	
 
    	
Lancaster
    	
 
    	
CA
    	
 
    	
F & F RealtyLLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
4().161491h Pl.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Flushing NY 11354
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 718-835-3900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
680
    	
 
    	
Fontana
    	
 
    	
16711 Valley Blvd
    	
 
    	
Fontana
    	
 
    	
CA
    	
 
    	
c/oJ.G. Management, Inc.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
The Baralat Company Inland Empire Shopping
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
5743 Corse Avenue, Suite 200
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Westlake Village CA   91362
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 618-870.9494
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 818-870.3949
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
661
    	
 
    	
Highland Park
    	
 
    	
5516 North Figueroa   Street
    	
 
    	
Highland Park
    	
 
    	
CA
    	
 
    	
Beatrice Weller
    PO Box 4596
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
North Hollywood CA 91617
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
685
    	
 
    	
East Cherlaslon
    	
 
    	
3995 E. Charleston Blvd.
    	
 
    	
Las Vegaa
    	
 
    	
NV
    	
 
    	
ITHReally LLC
   4().16 1491h Pl.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Flushing NY 11354
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 718-835-3900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
692
    	
 
    	
Ventura
    	
 
    	
4001 East Main Slmel
    	
 
    	
Ventura
    	
 
    	
CA
    	
 
    	
Main Venture, LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/oBoulevard Investment Group, Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
18250 Roscoe Boutevard
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Suite 220
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Northridge CA 91325
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 818-888-5700
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 818-888-0074
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:MVW.boulevardla.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
694
    	
 
    	
Case Grande
    	
 
    	
930 East Florence Blvd.
    	
 
    	
CasaGrande
    	
 
    	
A2
    	
 
    	
Coolidge-Casa Grande Equities, LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
455 Central Park Avenue
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Scarsdale NY 10583
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 914-477-1400
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
696
    	
 
    	
San Mateo
    	
 
    	
5651 San Mateo
    	
 
    	
Albuquerque
    	
 
    	
NM
    	
 
    	
Howard Sands
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
CPPB II, LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
545 South Figueroa 51.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ste.614
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Los Angeles CA 90071
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 213-348-9878
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
698
    	
 
    	
Yarbrough
    	
 
    	
10501 Gateway West 
    	
 
    	
EIPaso
    	
 
    	
TX
    	
 
    	
Neo Really LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
11
    	
 
    	
 
    	
 
    	
 
    	
 
    	
4().161491h Pl.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Flushing NY 11354
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 718-835-3900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
701
    	
 
    	
Encinitas
    	
 
    	
256 El Camino ReelNorth
    	
 
    	
Encinitas
    	
 
    	
CA
    	
 
    	
Kathy Kuper
 Terramar Retail Centers, LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
5973 Avanlde Encinas   #300
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Carisbad CA 92008
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 760-080-8800 150
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 760Hl80-8601
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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702
    	
 
    	
Troplcana
    	
 
    	
4670 E. Troplcana Avenue
    	
 
    	
Las Vegas
    	
 
    	
NV
    	
 
    	
Howard Sands
    CPPBII, LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
545 South Figueroa St.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sts.614
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Los Angeles CA 90071
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 213-348-9878
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
708
    	
 
    	
Dyer Street
    	
 
    	
9345 Dyer St.
    	
 
    	
EtPaso
    	
 
    	
TX
    	
 
    	
TLCLLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
4().16149th Pl.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Flushing NY 11354
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 718-835-3900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
707
    	
 
    	
Santa Fe
    	
 
    	
2710 CerrlUoa Road
    	
 
    	
Santa Fa
    	
 
    	
NM
    	
 
    	
Howard Sands
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
CPPBII, LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
545 South Figueroa St.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Slo.614
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Los Angeles CA 90071
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 213-348-9676
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
710
    	
 
    	
Charter Way
    	
 
    	
645 East Chertar Way
    	
 
    	
Stockton
    	
 
    	
CA
    	
 
    	
Howard Sands
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
CPPBII, LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
545 South Figueroa St.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sta.614
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Los Angeles CA 90071
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 213-348-9678
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
717
    	
 
    	
Mesquite
    	
 
    	
2317 North Galloway   Blvd.
    	
 
    	
Mesquite
    	
 
    	
TX
    	
 
    	
Nao Raalty LLC
   4().16 149th Pl.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Flushing NY 11354
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 718-835-3900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
724
    	
 
    	
Moreno Volley
    	
 
    	
23470 Sunnymead Blvd.
    	
 
    	
Moreno Volley
    	
 
    	
CA
    	
 
    	
VAS28 LLC
   4().16 149th Pl.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Flushing NY 11354
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 718-835-3900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
732
    	
 
    	
Ontario
    	
 
    	
2415 South Vmeyard Ava.
    	
 
    	
Ontario
    	
 
    	
CA
    	
 
    	
2403 Vlnayenl VU1a9a LLC
   2447 Pacific Coast Hwy.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ste.201
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Hermosa Beach CA 90254
    	
 
    	
 
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
CoD:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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733
    	
 
    	
Milltary
    	
 
    	
830 Military Dr.,S.E.
    	
 
    	
San Antonio
    	
 
    	
TX
    	
 
    	
Cole PB Potlfolio II, LP
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
2555 E.Camelback Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
SuHe 400
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Phoenix  AZ. 85016
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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739
    	
 
    	
Thousand Oaks
    	
 
    	
2099 E.Thousand Oaks   Blvd.
    	
 
    	
Thousand Oaks
    	
 
    	
CA
    	
 
    	
Josse Brothers, UC
    117 West Cordova
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
San Clemente CA 92872
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tal:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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741
    	
 
    	
Nacogdoches
    	
 
    	
12535 Nacogdoches Rd.
    	
 
    	
San Antonio
    	
 
    	
TX
    	
 
    	
J &J Really LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
40-16149th Pl.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Flushing NY 11354
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 718-835-3900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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741
    	
 
    	
Nacogdoches
    	
 
    	
12535 Nacogdoches Rd.
    	
 
    	
Sen Antonio
    	
 
    	
TX
    	
 
    	
Lob-Volley Corp.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
40-16149th Pl.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Flushing NY 11354
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 718-835-3900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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742
    	
 
    	
Tri-City Crossroads
    	
 
    	
3752 Plaza Dr.
    	
 
    	
Oceanside
    	
 
    	
CA
    	
 
    	
NNN Acquls lons,Inc.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Attn:VK:e President-Asset Management
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
450 South Orange Avo.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ste. 900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Orlando FL 32801
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 321-120-2134
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
747
    	
 
    	
Cactus
    	
 
    	
3528 W. Cactus
    	
 
    	
Phoenix
    	
 
    	
AZ.
    	
 
    	
Xloll and Associates,   LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
1420 Courtyard Dr.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sen Jose CA 95118
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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751
    	
 
    	
Seminary
    	
 
    	
101 W.Seminary
    	
 
    	
Fort Worth
    	
 
    	
TX
    	
 
    	
Howard Sanda
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
CPPBTX,LP
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
545 South Figueroa St.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ste. 614
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Los Angeles CA 90071
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:213-348-9878
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
756
    	
 
    	
Northwest Hwy.
    	
 
    	
7401Northwest Expressway
    	
 
    	
Oklahoma City
    	
 
    	
OK
    	
 
    	
Howard Sands
    CPPBII, LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
545 South Figueroa St.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ste.614
    	
 
    	
 
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Los Angeles CA 90071
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:213-348-9676
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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(Web): 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
759
    	
 
    	
South lsmBf
    	
 
    	
3909 s. Lemar Blvd
    	
 
    	
Austin
    	
 
    	
TX
    	
 
    	
Howard Sands
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
CPPB II,LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
545 South Figueroa St.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Suite. 614
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Los Angeles CA 90071
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 213-348-9878
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
764
    	
 
    	
Quell Springs
    	
 
    	
2317 W.Memorial
    	
 
    	
OklehomaCity
    	
 
    	
OK
    	
 
    	
TLCLLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
40-16149th Pl.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Flushing NY 11354
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 718-635-3900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
771
    	
 
    	
Calexico
    	
 
    	
400 Imperial Avo.
    	
 
    	
Calexico
    	
 
    	
CA
    	
 
    	
Richerd EUis
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
102 Hafeman Avenue
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Calexico CA 92231
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 760-076-5033
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:760-076-5034
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
774
    	
 
    	
Northgato
    	
 
    	
3534 Northgate Blvd.
    	
 
    	
Sacramento
    	
 
    	
CA
    	
 
    	
Howard Sando
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
CPPB II, LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
545 South Figueroa St.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Suite. 614
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Los Angeles CA 90071
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 213-348-9678
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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775
    	
 
    	
Loredo
    	
 
    	
NW Ortiz SITae! end W   San
    	
 
    	
Loredo
    	
 
    	
TX
    	
 
    	
MAG RealtyLLC
   40-16149lh Pl.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Francisco Avenue
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Flushing NY 11354
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
To!: 718-635-3900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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775
    	
 
    	
Laredo
    	
 
    	
NW Ortiz Street and W   San
    	
 
    	
Laredo
    	
 
    	
TX
    	
 
    	
SIX RealtyLLC
   40-16149lh Pl.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Francisco Avenue
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Flushing NY 11354
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:718-835-3900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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775
    	
 
    	
Laredo
    	
 
    	
NW Ortiz Strnet and W   San
 Francisco Avenue
    	
 
    	
Laredo
    	
 
    	
TX
    	
 
    	
Chuck Larkin
   The Pop Boys- Manny,Moe & Jack of Delaware.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3111 West Allegheny Ave.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
PhUadelphia PA 19132
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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776
    	
 
    	
Flamingo
    	
 
    	
4155 S. Jones Blvd.
    	
 
    	
Las Vegas
    	
 
    	
NV
    	
 
    	
National Retan Properties, LP
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Attn: Vice President - Asset Management
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
450 South Orange Ave.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Suite. 900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Orlando 32601
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 321-120-2134
    	
 
    	
 
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
777
    	
 
    	
Shaw
    	
 
    	
4490 W. Shaw Ave.
    	
 
    	
Fresno
    	
 
    	
CA
    	
 
    	
Edward M. Kashian
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
West Shaw Partners, LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
clo  Lance-Kashian &   Company
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
8365 N. Fresno Street
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Suite. 150
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fresno CA 93720
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 559-943-4800
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 559-943-4802
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
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778
    	
 
    	
Corona
    	
 
    	
581 N. MainS!.
    	
 
    	
Corona
    	
 
    	
CA
    	
 
    	
Edward Chang
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
PO Box 1422
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tuslln CA 92881
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 714-454-9225
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 714-454-4479
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:oJproporty@gmeU.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web: 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
779
    	
 
    	
83rd & Bell
    	
 
    	
8311 W. Bell Rd.
    	
 
    	
Glendale
    	
 
    	
/>Z.
    	
 
    	
NNN   Acquisitions, Inc.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Attn: Vice President-Asset Management
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
450 South Orange Ave.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Suite. 900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Orlando FL 32801
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:321-120-2134
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
780
    	
 
    	
Coorn
    	
 
    	
1624 Corrales Road N.W.
    	
 
    	
Corrales
    	
 
    	
NM
    	
 
    	
Cole PB Portfolio II, LP
   2555 E.Camelback Road
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Suite. 400
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Phoenix  i>Z. 85016
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
781
    	
 
    	
Denton
    	
 
    	
1805 Dallas Dr.
    	
 
    	
Denton
    	
 
    	
TX
    	
 
    	
Neo Realty LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
40-18149th Pl.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Flushing NY 11354
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 718-835-3900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
782
    	
 
    	
Murray
    	
 
    	
8041 S. Stata St.
    	
 
    	
Murray
    	
 
    	
UT
    	
 
    	
John H. Ashby
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
30 Northridge Avenue
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sandy Clly UT 84092
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 801-157-6617
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
783
    	
 
    	
Orem
    	
 
    	
280 S. State St.
    	
 
    	
Orem
    	
 
    	
UT
    	
 
    	
Cole PB Portfolio I, LP
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
2555 E. Camelback Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Suite. 400
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Phoenix  />Z. 85016
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
785
    	
 
    	
Waco
    	
 
    	
581 N. Valley Mills
    	
 
    	
Waco
    	
 
    	
TX
    	
 
    	
ATTN: Donald K Denbo
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Pap Boys
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
General Offices
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
1122·24 West   WashingtonBoulevard
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Los Angeles CA 90015
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
786
    	
 
    	
Waco
    	
 
    	
581 N. VaUey MIUs
    	
 
    	
Waco
    	
 
    	
TX
    	
 
    	
Michael J. Vaughn
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Waco Financial Corporation
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
P.O. Box 959, 579   Westview V!Uage
    	
 
    	
 
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Waco TX 76710
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
789
    	
 
    	
Admiral
    	
 
    	
7806 E. AdmiralPlace
    	
 
    	
Tulsa
    	
 
    	
OK
    	
 
    	
The Albert &   Jacldin Yamin Trust
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
PO Box 2031
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
UniversalCity TX 78148
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 311-071-2613
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
790
    	
 
    	
Rialto
    	
 
    	
505 E. FoolhRI Blvd
    	
 
    	
Rialto
    	
 
    	
CA
    	
 
    	
Trustee for tho Grace Chiang Trust
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
18151 Tnlrd Slreat
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fountain Valley CA 92708
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 714-496-6388
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:714-498-6385
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
790
    	
 
    	
Rialto
    	
 
    	
505 E. Footnlll Blvd
    	
 
    	
Rialto
    	
 
    	
CA
    	
 
    	
Mei-HwaCnen
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Bank of the West
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
AlBA# 121100782/ Account   Number 771009727
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
19006 Brookhumt Street
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Huntington Beocn CA   92648
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:714-4gs-s386
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:714-4gs-s355
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
792
    	
 
    	
Santa Fe Springs
    	
 
    	
11450 E Washington Blvd
    	
 
    	
Wnlttler
    	
 
    	
CA
    	
 
    	
ATTN: John R. Cauffman
   Trustee of the Fern Cauffman Trust
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
792
    	
 
    	
Santa Fe Springs
    	
 
    	
11450 E Washington Blvd
    	
 
    	
Wnlttlar
    	
 
    	
CA
    	
 
    	
DianeWUey
   Realty Investments, Inc.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
600 CUedelDrive
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Commerce CA 90040
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 323-386-7595
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 323-388-7859
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
793
    	
 
    	
Sandy
    	
 
    	
9319 South 700 East
    	
 
    	
Sandy
    	
 
    	
UT
    	
 
    	
G. Rex Frazier
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Price Development Company, LP.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Plaza 9400
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
SDS-12-2471
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
P.O. Box88
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
MinneapoUs MN 55488-2471
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 801-148-3911
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 801-148-0751
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Emaii:A/R · Dave Morgen
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
794
    	
 
    	
Sugnrhouse
    	
 
    	
2100 South 700 East.
    	
 
    	
SaH Lake City
    	
 
    	
UT
    	
 
    	
Dee’s, Inc.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
777 East2100 South
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
SeK Lake City UT 84106
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
797
    	
 
    	
Hymeedow
    	
 
    	
13729 Research Blvd.
    	
 
    	
Austin
    	
 
    	
TX
    	
 
    	
cnorry sm11n
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
FederalWnolesalo Toy   Co., Ltd.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Senior Properly Manager
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Grubb & EDis Management Services, Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
40 NE Loop 410,Sulta 607
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
San Antonio CA 78216
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 211-080-4639
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 211-082-7880
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:21Q.061-3632
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Emall:cherry.smllh@grubb-oUis.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
798
    	
 
    	
Lake Forest
    	
 
    	
22671 Lake Forest Drive
    	
 
    	
Lake Forest
    	
 
    	
CA
    	
 
    	
Greg D. McCieUand
   3100 Bristol Street
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Costa Mesa CA 92636
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
799
    	
 
    	
Huntington Beach
    	
 
    	
19122 Brookhurst St
    	
 
    	
Huntington Beach
    	
 
    	
CA
    	
 
    	
Rose Barrantos CPM, CSM
    King CoOler Plaza,   LLC & Fairfax Group, LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sr. Property Manager
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Vestar Property Management
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
7575 Carson Blvd,
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Long Beach CA 90808
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 562-293-1722
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 562·293-1744
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
800
    	
 
    	
Temecula
    	
 
    	
40605 Winchester Rd
    	
 
    	
Temecula
    	
 
    	
CA
    	
 
    	
Marcia Ann Hanigan
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o David N. Del Sesto, CPA
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
2101East Fourth Street,   Suite 160B
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sonia Ana CA 92705
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 714-428-9078
    	
 
    	
 
    

 

 

	
801
    	
 
    	
Santa Maria
    	
 
    	
1723 S. Broadway
    	
 
    	
Santa Maria
    	
 
    	
CA
    	
 
    	
Ms. Susan Pazdan
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Central Santa Maria, LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
P.O.Box 429
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Santa Marfa CA 93458
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 805-577-0070
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 805-577-0030
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:805-543-2484
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
802
    	
 
    	
Harbor Boulevard
    	
 
    	
1107 S.Harbor Blvd.
    	
 
    	
Santa Ana
    	
 
    	
CA
    	
 
    	
The Pep Boys · Manny, Moe & Jack of CaiWornla   
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Attn: Vice President of Real Estate
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3111 West Allagheny Ave.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
PhiladalphiB PA 19132
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
802
    	
 
    	
Harbor Boulevard
    	
 
    	
1107 S. Harbor Blvd.
    	
 
    	
Santa Ana
    	
 
    	
CA
    	
 
    	
Nancy J.Detert
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Harbor Associates
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
9420 Reseda Blvd.,#333
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Northridge CA 91324·2974
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 31().()68-7373
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:dreampropartlas7777@yahoo.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
803
    	
 
    	
Long Beach
    	
 
    	
4645 E Pacific Coast Hwy
    	
 
    	
Long Beach
    	
 
    	
CA
    	
 
    	
Laszlo Kovacs
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
P.O.Box 4686
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Long Beach CA 90804
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
804
    	
 
    	
Salem
    	
 
    	
399 Lancaster Drive Northeast
    	
 
    	
Salem
    	
 
    	
OR
    	
 
    	
Chuck larkin
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
PEP Boys .. Manny Moe & Jack, Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
National Director of Real Estate
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3111 W. Allegheny Ave.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Philadalphla PA 19132
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:215-543-9240
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:215·543-4664
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:267-787-8565
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:chuck_lerl<ln@papboys.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Wab:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
604
    	
 
    	
Salam
    	
 
    	
399 lancaster Drive Northeast
    	
 
    	
SeiBm
    	
 
    	
OR
    	
 
    	
John Whitesell
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
393 Aaron Court
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Salam OR 97301
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:)whlleselt12345@msn.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
804
    	
 
    	
Salem
    	
 
    	
399 Lencastor Drive Northeast
    	
 
    	
Salem
    	
 
    	
OR
    	
 
    	
Senior Counsel
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Pep Boys
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3111 West Alleghany Avenue
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Philadalphla PA 19132
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
806
    	
 
    	
Orange
    	
 
    	
215 East Katelle Ave
    	
 
    	
Orange
    	
 
    	
CA
    	
 
    	
Ms. Kathleen Duffy
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
WohiiOmnge LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
14 Corporate Plaza,   Sulte110
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Newport Beech CA 92660
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 949-995-0115 5
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:949-995-0123
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
808
    	
 
    	
SantaClarita
    	
 
    	
20600 Golden Triangle Rd
    	
 
    	
Santa Clarita
    	
 
    	
CA
    	
 
    	
clo Realty Investments
    	
 
    	
LEASED
    
															

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
1801 Avenue of the   Stars,Sullo 935
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Los Angeles CA 90067
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:31CJ..077-0077
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 31CJ..077-ll677
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
808
    	
 
    	
Santa Clarita
    	
 
    	
20600 Golden Triangle Rd
    	
 
    	
Santa Clarita
    	
 
    	
CA
    	
 
    	
College Tuition c/o Primel and Management
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Attention:HonnozFaryab and Mehrdad
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
1801 Avenue of the Stars, Suite 1404
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Los Angeles CA 90067
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:310-ll78-5858
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 31CJ..078-5860
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
809
    	
 
    	
Anaheim Hills
    	
 
    	
8205 E.Santa Ana Canyon
    	
 
    	
Anaheim
    	
 
    	
CA
    	
 
    	
Lou Weiner
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Walnar Famlly Trust
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3 Thunderbird Drtva
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Newport Beach CA 92680
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 949-971-7679
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:949-971-6686
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Emaltmyloulsj@aol.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
810
    	
 
    	
Normal Heights
    	
 
    	
3550 ElCajon Blvd
    	
 
    	
Normal Heights
    	
 
    	
CA
    	
 
    	
Debbie Jenkins
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Groundspark Umited, a UK Corporation
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
AnstyHouse
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Henfleld Road. Small   Dole
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
West Sussex,England,   U.K. BN5 9XH
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:debbie@anstyhouse.co.uk
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
812
    	
 
    	
Chino Hlllo
    	
 
    	
4046 Grand Avenue
    	
 
    	
Chino
    	
 
    	
CA
    	
 
    	
SY Ventures Ill.LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Department #2194
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Los Angeles CA   90084-2194
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
813
    	
 
    	
EICajon
    	
 
    	
201 Jamacha Road
    	
 
    	
EICajon
    	
 
    	
CA
    	
 
    	
Drew Properties
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Environs West
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
P.O.Box 2537
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
LaMesa CA 91943-2537
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
814
    	
 
    	
Redondo Beach
    	
 
    	
1800 Artesia Blvd
    	
 
    	
Redondo Beach
    	
 
    	
CA
    	
 
    	
Thomas J Cox
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Redondo Beach City   SchoolDistrict
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Assistant Superintendent Administrative Setvlces
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
1401 Inglewood Ave.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Redondo Beach CA 90278
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
815
    	
 
    	
Vallejo
    	
 
    	
182 Plaza Drive
    	
 
    	
Vallejo
    	
 
    	
CA
    	
 
    	
Gale Zander
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Centro WallProperty   Owner II, LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Dopartmant 918CJ..153015
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Los Angeles CA   90084-9180
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 31()..031-5061
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 31()..031-5067
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
817
    	
 
    	
Orland Park
    	
 
    	
15911S. Lagrange Road
    	
 
    	
Orland Park
    	
 
    	
IL
    	
 
    	
Palos Sank & Trust Company, as Trustee
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Mr. Art TabUs
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
19 Conmerce Drive
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Palos Perk IL 60484
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
819
    	
 
    	
SummarUn
    	
 
    	
7399 West Lake Mead   Boulevard
    	
 
    	
Las Vegas
    	
 
    	
NV
    	
 
    	
American Paclfk: Capital
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
8350 West Sahara Ave
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sulto210
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Las Vegas NV 89117
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tol: 702-225-5751
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 702-285-7733
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:www.GreotAC.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
820
    	
 
    	
Cicero
    	
 
    	
2501 South Cicero Avenue
    	
 
    	
Cicero
    	
 
    	
IL
    	
 
    	
NationalRetail   Properties, LP
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Attn: Vice PresidentAsset Management
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
450 South Orange Ave.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ste.900
    	
 
    	
 
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Orlando 32801
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 321·120-2134
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
823
    	
 
    	
Brickyard
    	
 
    	
6811 West Grand 
    	
 
    	
Chicago
    	
 
    	
IL
    	
 
    	
National Retail Properties, LP
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Avenue
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Attn: Vice President Asset Management
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
450 South Orange Avo.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sle. 900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Or1endo 32801
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 321·120-2134
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
825
    	
 
    	
Arlington Heights
    	
 
    	
375 Rend Road
    	
 
    	
Arlington 
    	
 
    	
IL
    	
 
    	
Cole PB Portfolio II.LP
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Heights
    	
 
    	
 
    	
 
    	
2555 E.Camelback Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sue 400
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Phoenix AZ 85016
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
827
    	
 
    	
San Carlos
    	
 
    	
1087 Old Country Road
    	
 
    	
San Carlos
    	
 
    	
CA
    	
 
    	
The WIUiam E. Moore and Desiree B. Moore Trust LEASED
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
303 Olive HUILone
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Woodside CA 94082
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
627
    	
 
    	
San Carlos
    	
 
    	
1087 Old Country 
    	
 
    	
San Carlos
    	
 
    	
CA
    	
 
    	
W.E. (Bill) Benry
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Road
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Kelly-Moore Paint Company, Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Real Estate Manager
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
987 Commercl Street
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
San Car1oa CA 94070
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 650-089-8337 121
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:650-059-8382
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
628
    	
 
    	
East San Jose
    	
 
    	
2730 Story Road
    	
 
    	
San Jose
    	
 
    	
CA
    	
 
    	
Arthur &   Mlldrad Welsbe’l!
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Arthur Weisberg
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Trustees of The Revocable Living Trust
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
2 AdmiralDrive Se 273
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
EmaryvUie CA 94808
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
832
    	
 
    	
Brooklyn Center
    	
 
    	
5900 Shingle Craek 
    	
 
    	
Brooklyn 
    	
 
    	
MN
    	
 
    	
Bradley Real Estate, Inc.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Pllfl<way
    	
 
    	
Center
    	
 
    	
 
    	
 
    	
c/o Heritage Realty   Management, Inc
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
131 Dertmouth Street
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Boston MA0211S.5134
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 617·724-2200
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:617-726-0885
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:WMY.heritagerealty.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
833
    	
 
    	
Redlands
    	
 
    	
1650 W.Redlands 
    	
 
    	
Redlands
    	
 
    	
CA
    	
 
    	
Cole PB Portfolio II, LP
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Blvd
    	
 
    	
 
    	
 
    	
 
    	
 
    	
2555 E.Camelback Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sulte400
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Phoenix AZ 85016
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
836
    	
 
    	
Temple City
    	
 
    	
5439 N. Rosemead 
    	
 
    	
San Gabrtal
    	
 
    	
CA
    	
 
    	
Craig Turner
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Blvd
    	
 
    	
 
    	
 
    	
 
    	
 
    	
A & M Enterprisoa
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
1033 S. Framont Avo.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Alhambra CA 91803
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 626-64&.2945
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
836
    	
 
    	
Temple City
    	
 
    	
5439 N. Rosemead 
    	
 
    	
San Gabriel
    	
 
    	
CA
    	
 
    	
Julie Bustad, H15
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Blvd
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Indianapolis Life Insurance Co. c/o AmerUs
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
699 Walnut   StraeSuite 1700
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Das Moines lA 50309-3945
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:51&.536-3600
    	
 
    	
 
    

 

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 515-536-3631
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
EmaiL:Sieve   Amand-Sr.Loan Admin·
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
838
    	
 
    	
EICarrito
    	
 
    	
11555 Sl!ll Pablo Avenue
    	
 
    	
EICerrito
    	
 
    	
CA
    	
 
    	
WllliamCoslello
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Borelli Investment Company
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Property Manager
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
2051 Junction Avenue
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sulte100
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
San Joee CA 95131-2100
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:408-845-4700
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:408-845-5636
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:btn@borelll-lnv.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:www.boteiiJ.Inv.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
840
    	
 
    	
Sunnyvale
    	
 
    	
152 West ElCamino Real
    	
 
    	
Sunnyvale
    	
 
    	
CA
    	
 
    	
Dennis M. Berryman
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Paclfic Development Group II
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
One Corporate Plaza
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
PO Box3060
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Newport Beech CA 92658
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:949-976-8591
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:949-976-8584
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
841
    	
 
    	
Covina
    	
 
    	
1240 North Azusa Ave
    	
 
    	
Covina
    	
 
    	
CA
    	
 
    	
Howard California Properties UC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o REJM CommercialProperties
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
P.O. Box 6366
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Burbank CA 91510
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 818-864-4141
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 816-884-0472
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
844
    	
 
    	
Cathedral City
    	
 
    	
31-505 Date Palm Drive
    	
 
    	
Cathedral City
    	
 
    	
CA
    	
 
    	
VICtoria Arellano
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Golden Mile Investment Co., c/o EIUot Megdal and Property Manager
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
559 South Palm Canyon   Drive, Suite B-212
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Palm Springs CA   92264-7468
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 760-032-2171
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 760-032-0783
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
846
    	
 
    	
Joliet
    	
 
    	
1824 West Jefferson St
    	
 
    	
JoUol
    	
 
    	
IL
    	
 
    	
National Retail Properties, LP
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Attn: Vice President Asset Management
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
450 South Orange Ave.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sle.900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Orlando 32601
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 321-120-2134
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
848
    	
 
    	
Salam(NH)
    	
 
    	
524 South Broadway
    	
 
    	
Salam
    	
 
    	
NH
    	
 
    	
Gary R. Belowlch
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
P.O. Box 620828
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Newton Lower Falls MA   02462
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 617-752-7750
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 617-798-1174
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:gbelowlch@remlcprop.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
850
    	
 
    	
Nashua
    	
 
    	
274 Amherst Street
    	
 
    	
Nashua
    	
 
    	
NH
    	
 
    	
Cola PB Portfolio II, LP
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
2555 E.Camelback Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Suite 400
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Phoenix I>Z. 85018
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
652
    	
 
    	
Rockford
    	
 
    	
5490 East Stale Slrael
    	
 
    	
Rockford
    	
 
    	
IL
    	
 
    	
Sunil Pun
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
clo First Rockford   Group, Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
6801Spring Creek Roed
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Rockford IL 61114
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:815-522-3000
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 815-522-3001
    	
 
    	
 
    

 

 

	
853
    	
 
    	
Creslwood
    	
 
    	
13401South Cicero Ava
    	
 
    	
Creslwood
    	
 
    	
IL
    	
 
    	
Michael H. Rose
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
GraetSanc Trust Company, as Trustee
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
location Finders International, Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
533 Ashland Avenue
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Chicago Heights IL 60411
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
854
    	
 
    	
North Hollywood
    	
 
    	
6065 Lenkershlm Blvd
    	
 
    	
North Hollywood
    	
 
    	
CA
    	
 
    	
NNN   Acqulslllons, Inc.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Attn: Vice President Asset Management
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
450 South Orange Avo.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ste.900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
OMando FL 32801
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 321-120-2134
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
CaD:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
855
    	
 
    	
Gallup
    	
 
    	
702 North U.S. 491
    	
 
    	
Gallup
    	
 
    	
NM
    	
 
    	
Wilshire Herllaga, LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Coreland Companies
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
P.O. Box 51377
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Los Angeles CA   90051-5677
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tat:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fa)(:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
857
    	
 
    	
Atwater V lege
    	
 
    	
3332 San Fernando Rd
    	
 
    	
Los Angeles
    	
 
    	
CA
    	
 
    	
RPH Industrial, LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o RREEF Management Company
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
14724 Ventura Boulevard, Sufte 401
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sherman Oaks CA 91403
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:818-838-0605
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 818-838-0905
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
856
    	
 
    	
Chicago Ridge
    	
 
    	
10100 S.Ridgeland Ave
    	
 
    	
Chicago Ridge
    	
 
    	
IL
    	
 
    	
Anne Hart
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Senior lease Analyst
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
535 Boylston Street
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Boston MA 02116-3766
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 617-724-2200
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 617-726-0665
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:LegalOept. Fax   617-267-4557
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
859
    	
 
    	
Hanford
    	
 
    	
12th Avenue &   Locey Blvd
    	
 
    	
HanlOrd
    	
 
    	
CA
    	
 
    	
CentennialCapllalLP
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Safco Capital Corporation
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
1850 S Sepulveda Boulevard
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Suite200
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Loa Angeles CA 90025
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
660
    	
 
    	
Granada Hills
    	
 
    	
11130 Balboa Blvd
    	
 
    	
Granada Hills
    	
 
    	
CA
    	
 
    	
Richard Catano and Evy Delano
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
4389 Park Viconte
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Calabasas CA 91302
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
860
    	
 
    	
Granada Hills
    	
 
    	
11130 Balboa Blvd
    	
 
    	
Granada Hills
    	
 
    	
CA
    	
 
    	
General Counsel
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Pacific Realty Associates, LP
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tenant No. 3ptr5538   pepbo860
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
15350 SW Sequoia Parkway
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Suite 300
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Portland OR 97224
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 503-362-6300
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 503-362-7755
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email;
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
866
    	
 
    	
Hemet
    	
 
    	
2050 West Florida Ave
    	
 
    	
Hemet
    	
 
    	
CA
    	
 
    	
Joel B. Konars
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Towne & Country Investments, Inc.  do JoelB.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
30 Cortnthlen Walk
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Long Beach CA 90803
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 310-043-7467
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 310-043-0713
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
871
    	
 
    	
Inver Grove Heights
    	
 
    	
1426 East Mendota Road
    	
 
    	
Inver Grove Heights
    	
 
    	
MN
    	
 
    	
JoAM
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
VanSoulh LimKed   Partnership c/o Fine Associates
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
191610S Center
    	
 
    	
 
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Minneapolis MN 55402
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 612-233-2561
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:612-233-3346
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
872
    	
 
    	
Rancho DelRay
    	
 
    	
1000 Tierra Dol Ray
    	
 
    	
Chula Vista
    	
 
    	
CA
    	
 
    	
CralgWCiark
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tierra Comers, LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tierra Comers, LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
4180 La Jolla VIDage   Drive, Sullo 405
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
La Jolla CA 92037-1472
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 858-845-7170
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 1158-845-7260
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:cwclarlc:lnc@aot.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
873
    	
 
    	
Stevens Creek
    	
 
    	
3780 Steven’s Creek Blvd.
    	
 
    	
San Jose
    	
 
    	
CA
    	
 
    	
J.D. Molex Two, LLC
 1484 Saratoga Avenue
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Saratoga CA 95070-3612
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 408-837-1813
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 408-837-4095
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
879
    	
 
    	
Panorama City
    	
 
    	
8521 Van Nuys Blvd
    	
 
    	
Panorama City
    	
 
    	
CA
    	
 
    	
Arieh Greenbaum
   Panorama Towne Center, LP
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
9333 Duxbury Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Los Angeles CA 90034
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 310-083-7160
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
880
    	
 
    	
Aliso Viejo
    	
 
    	
26881 Aliso Creek Road
    	
 
    	
Aliso Viejo
    	
 
    	
CA
    	
 
    	
Megan Faircloth
 Donahue Schriber
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
4821 Clairement Drive
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
San Diego CA 92117
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 858-827-ll992 14
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 858-849-0128
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Emall:mfalrclolh@dsrg.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
881
    	
 
    	
Chino
    	
 
    	
11980 Central Avenue
    	
 
    	
Chino
    	
 
    	
CA
    	
 
    	
Patrick F. Grabowski
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
12018 Central Avenue
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Chino CA 91710
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 909-998-3553
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 909-993-5811
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
888
    	
 
    	
Sherman Oaks
    	
 
    	
6110 Sepulvado Blvd.
    	
 
    	
Von Nuys
    	
 
    	
CA
    	
 
    	
WIDiam and Nancy Lee
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
2705 North VIsta Court
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Oranga CA 92867
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 714-499-3924
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 714-427-0504
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:)amming@socal.rr.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
889
    	
 
    	
Lansing
    	
 
    	
17015 Torrance Avenue
    	
 
    	
Lansing
    	
 
    	
IL
    	
 
    	
National Retail Properties, LP
   Attn: Vice President Asset Management
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
450 South Orange Ave.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ste. 900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Orlando 32801
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 321-120-2134
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
890
    	
 
    	
Des Plaines
    	
 
    	
1035 East Oakton Street
    	
 
    	
Des Plaines
    	
 
    	
IL
    	
 
    	
Carmine Macchlaroll
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tho Chicago Trust   Company
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
P.O. Box180
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Lincolnshire IL 90069
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 647-nJ-9998
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 239-959-4968
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
894
    	
 
    	
Culver City
    	
 
    	
4520 South Sepulveda   Boulevard
    	
 
    	
Culver City
    	
 
    	
CA
    	
 
    	
Amos Khasigian and Anna Khaslglan, Husband
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
418 N. Fourth Street
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fowler CA 93625
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
898
    	
 
    	
Sanleo
    	
 
    	
10041 Mission Gorge Rd.
    	
 
    	
Sanleo
    	
 
    	
CA
    	
 
    	
Edwin Praver
   Prover Bros. Investments
    	
 
    	
LEASED
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
10255 Century Woods Dr.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Los Angeles CA 90067
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
905
    	
 
    	
Fajardo
    	
 
    	
Km 43.4 Carretera Estate
    	
 
    	
Fajardo
    	
 
    	
PR
    	
 
    	
EP Plaza, LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Cerr194
    	
 
    	
 
    	
 
    	
 
    	
 
    	
P.O. Box 362983
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
San Juan PR 00936-2983
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
906
    	
 
    	
Juana Dlaz
    	
 
    	
Carretera Estate Pr 149 lnt
    	
 
    	
Juana Dlaz
    	
 
    	
PR
    	
 
    	
Edgardo Julian Rivera Gomez and his wtfo Blanca 
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Carretera Estate Pr
    	
 
    	
 
    	
 
    	
 
    	
 
    	
2004 Aberdeen,   CoDegeviHe
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Guaynabo PR 00989
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:787-772-6000
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 787-779-3000
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
907
    	
 
    	
San German
    	
 
    	
Carretera Estate#122 Km   1.1
    	
 
    	
San German
    	
 
    	
PR
    	
 
    	
DDR Camino RealLLC, S.E.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3300 EnaJjlriae Parkway
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Beachwood OH 44122
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
908
    	
 
    	
Hatilia
    	
 
    	
Carratera Esla!al#2 Km 82.4
    	
 
    	
Hatilia
    	
 
    	
PR
    	
 
    	
Pablo Caban Nunez
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Barrio Carrizales
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Inca Realty CoJjlOmtion
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
President
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
P.O.Box 141211
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Areclbo PR 00614
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
909
    	
 
    	
Cayey
    	
 
    	
Plaza Cayey Phase   Jll.P.R. 1
    	
 
    	
Cayey
    	
 
    	
PR
    	
 
    	
Kaustab Banarjee
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
DDR Cayey LLC, S.E.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o DDR Caribbean   Property Management LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 218-675-5622
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 218-675-1712
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:kbanerjae@ddrc.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
910
    	
 
    	
Humacao
    	
 
    	
Carretera Estate#3 Km   77.78
    	
 
    	
Humacaco
    	
 
    	
PR
    	
 
    	
DDR Palma Real LLC, S.E.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Barrio RloAbajo
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3300 Enterprise Petkway
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Beechwood OH 44122
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
911
    	
 
    	
Isabela
    	
 
    	
Intersection Pr494 Km 111.6
    	
 
    	
Isabela
    	
 
    	
PR
    	
 
    	
DDR lsebela LLC, S.E.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Barrio Arenales
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3300 Enterprise Parkway
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Beachwood OH 44122
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    

 

 

	
912
    	
 
    	
Caguas
    	
 
    	
Ave. Rafael Conlero   lnler.Pr-30
    	
 
    	
Caguas
    	
 
    	
PR
    	
 
    	
Jean Sheridan
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Barrio Bairoa
    	
 
    	
 
    	
 
    	
 
    	
 
    	
FW Caguas RetaU Joint Ventura
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Kimco ReaHy   Corporallon
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3333 New Hytle Perk Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
PO Box 5020
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
New Hytle NY 11042-0020
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 516-686-7162
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
913
    	
 
    	
Levittown
    	
 
    	
Los Oomlnlcos #866
    	
 
    	
Levittown
    	
 
    	
PR
    	
 
    	
Rodriguez Vila Investments, Inc.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Levitt Homes
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
P.O. Box 2119
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
San Juan PR 00922-2119
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
913
    	
 
    	
Levittown
    	
 
    	
Loa Domlnlcos #866
    	
 
    	
Levittown
    	
 
    	
PR
    	
 
    	
Estela Valles, Esq.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Levitt Homes
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Galerie San Patricio, Calle Tabonuco 8·5
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Guaynabo PR 00968
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
913
    	
 
    	
Levittown
    	
 
    	
Los Oominicos #886
    	
 
    	
levittown
    	
 
    	
PR
    	
 
    	
Senior Orlando Rodriguez
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Rodriguez V\Ja Investments, Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Levitt Homes
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Galeria San Patricio, CeDe Tebonuco B-5
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Gueynabo PR 00968
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 787-779-4053
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 787-771-2495
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
914
    	
 
    	
Carofina
    	
 
    	
State Road 3,Km 14.0 Los
    	
 
    	
Carolina
    	
 
    	
PR
    	
 
    	
Jean Sheridan
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Cotobus Shopping Center
    	
 
    	
 
    	
 
    	
 
    	
 
    	
KIM-SAM PR Retail, LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Kimco RaaHy   Corporation
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3333 New Hytle Park   Rood,SuRe 100
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
PO Box 5020
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Now Hytle Park NY   11042-0020
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 516-686-7162
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
916
    	
 
    	
South Caguas
    	
 
    	
Route 1 Gautier Beniter K.M. 37.5
    	
 
    	
Caguas
    	
 
    	
PR
    	
 
    	
Robert CaiTBdy
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Regency Caribbean Enterprises, Inc., a Puerto
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
1512 Fernandez Juncos Avenue
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sonturce PR 00909
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
917
    	
 
    	
65th & Infantry
    	
 
    	
Inti. Paganlni, Barrio   Sbona
    	
 
    	
Rio Riedras, Puerto Rico
    	
 
    	
PR
    	
 
    	
cJo Jose Corders, Jr.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ysiam Corporation
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Vice President Almacenes Riviera
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
De Diego   No. 101Eaq. ForrocarrU
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Rio Piedras PR 00925
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 787-775-1616
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 787-775-2847
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
918
    	
 
    	
NorthBayamon
    	
 
    	
Corretera Estatal#29 lnt Carretera
    	
 
    	
Bayomon
    	
 
    	
PR
    	
 
    	
CDR Del Sol LLC, S.E.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Estatal #167
    	
 
    	
 
    	
 
    	
 
    	
 
    	
300 Enterprise Parkway
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Beachwood OH 44122
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
920
    	
 
    	
North Mayeguez
    	
 
    	
Carretera Estatal #2  Km 149.5
    	
 
    	
Meyaguoz
    	
 
    	
PR
    	
 
    	
SFS Mayaguaz LP
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Barrio Sabanetaa
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Ktmco Realty Corporation
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3333 New Hytle Park Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
PO Box5020
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
New Hyde Pafi NY   11042-0020
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
921
    	
 
    	
Tru)Uto Alto
    	
 
    	
Carretara Eatatal #81 Km   4.4
    	
 
    	
Tru)Hio Alto
    	
 
    	
PR
    	
 
    	
MiguelA.Maldonado
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
Barrio Cuevas
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Plaza San Miguel, Inc, a Puerto Rico corp., c/o
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
President
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Avonlda Munoz Rivera   867,Bldg Ricq Ctr, 1st
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Rio Piedras PR 00925
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
922
    	
 
    	
Juncos
    	
 
    	
Cerretera 31 K.M. 24   Barrio Coiba 

Norte
    	
 
    	
Juncos
    	
 
    	
PR
    	
 
    	
Jennifer Hotflnda

The Sembler Company
    	
 
    	
LEASED
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
5858 Central Avenue
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
51. Pal8fllburg FL 33707
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 727·73 00
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:727·734-4272
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Call:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
924
    	
 
    	
Guayama
    	
 
    	
Carrelera Eslalal #54,   Krn 0.9
    	
 
    	
Guayama
    	
 
    	
PR
    	
 
    	
NNNPBY, LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Desvio Del Sur
    	
 
    	
 
    	
 
    	
 
    	
 
    	
AHn: Vice President-Asset Management
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
450 South Orange Ave.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ste.900
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Orlando FL 32801
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 321·12().2134
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
925
    	
 
    	
Aguadina
    	
 
    	
Carretera Astarol#2 K.M.   124.8
    	
 
    	
Aguadina
    	
 
    	
PR
    	
 
    	
Jorge Perez
    	
 
    	
LEASEO
    
	
 
    	
 
    	
 
    	
 
    	
Bo. CBrTOies
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Almacenes ArUope, Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Carretera Estatal Numaro 2, Kilometer 124.7
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Aguadllla PR 00605
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
927
    	
 
    	
Rio Grande
    	
 
    	
Carretera Estatal #3 Km 22.8
    	
 
    	
Rio Grande
    	
 
    	
PR
    	
 
    	
Edgardo Julian Rivera Gomez and his wife Blanca
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Barrio Clenaga Baja
    	
 
    	
 
    	
 
    	
 
    	
 
    	
2004 Aberdeen,   Collegeville
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Guaynebo PR 00969
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 787·772-6000
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 787-779-3000
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
930
    	
 
    	
Campo Rico
    	
 
    	
Ave Campo Rico Inter.   248
    	
 
    	
Rio Piedras
    	
 
    	
PR
    	
 
    	
SalehYassin
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
J.T.P. Development Corp.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
1086 Munoz Rlvera Avenue
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Rio Pladres PR 00927
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
969
    	
 
    	
Lawndale
    	
 
    	
14411South Hawthorne
    	
 
    	
Lawndale
    	
 
    	
CA
    	
 
    	
Bankers Life Company
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
711 High Street
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Des Moines lA 50307
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
969
    	
 
    	
Lawndale
    	
 
    	
14411South Hawthorne
    	
 
    	
Lawndale
    	
 
    	
CA
    	
 
    	
Alpha Bela Company
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Real Estate Department
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
1100 West Artesia Blvd.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Compton CA 90220
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 31().088-2885
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
970
    	
 
    	
Crenshaw & Rodeo
    	
 
    	
3737 Cnsnshaw Boulavard
    	
 
    	
Los Angeles
    	
 
    	
CA
    	
 
    	
K. Joseph   Shebenl, Esq.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Crown Crenshaw Plaza, LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Shabanl, Green &   Waterman
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
1501 Avenue of !he   Stars, Sulte1035
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Los Artgelas CA   90087·5802
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:31().020·8991
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax.: 31().027·5955
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
972
    	
 
    	
Victorville
    	
 
    	
14475 7Th Stroot
    	
 
    	
Victorville
    	
 
    	
CA
    	
 
    	
CETUS Enterprises, Inc.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
1641 Perkins Dr.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Arcadia CA 91008
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 626-883-0693
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:626-683-0593
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:keithchueng@yahoo.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
974
    	
 
    	
Pittsburg
    	
 
    	
2240 Loveridge Road
    	
 
    	
Pittsburg
    	
 
    	
CA
    	
 
    	
Chuck Larkin
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
PEP Boys · Manny Moe & Jack,Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
National Director of RealEstate
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3111 W.Alleghany Ave.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Phlledelphla PA 19132
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 215-543-9240
    	
 
    	
 
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 215-543-4684
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:267-787-8585
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:chuck_larkln@pepboys.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
974
    	
 
    	
Pittsburg
    	
 
    	
2240 Loveridge Road
    	
 
    	
Pittsburg
    	
 
    	
CA
    	
 
    	
NeUo Santacroce
    	
 
    	
LEASEO
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sabey Development
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
9057 SoquelDrive, Bldg.   B, Suite B
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Aptos CA 95003
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
974
    	
 
    	
Pittsburg
    	
 
    	
2240 Loveridge Road
    	
 
    	
Pittsburg
    	
 
    	
CA
    	
 
    	
Rose Bertolero
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Navlal’s
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
1440 Marie   Lane,Suite 300
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Walnut Creek CA 94596
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
975
    	
 
    	
WestHftls
    	
 
    	
6325 FeUbrooi<Avenue
    	
 
    	
Woodland Hills
    	
 
    	
CA
    	
 
    	
MichaelProchello
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Financial Management Group
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
1900 Avenue of the Stars, Suite 2475
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Los Angeles CA 90067
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:310-028-0788 206
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 310-028-0779
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:mlchael@fmgrp.com
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
978
    	
 
    	
Clairmont
    	
 
    	
4441 Genesee Avenue
    	
 
    	
Sen Diego
    	
 
    	
CA
    	
 
    	
F.F.R.Fisher
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
1417 Antigua Way
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Newport Beech CA 92660
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 949-954-8606
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
978
    	
 
    	
Clairmont
    	
 
    	
4441 Genesee Avenue
    	
 
    	
Sen Diego
    	
 
    	
CA
    	
 
    	
Nigel Fisher
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 714-479-5068
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:714-433-4827
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
979
    	
 
    	
Streamwood
    	
 
    	
160 North Barrington   Road
    	
 
    	
Streamwood
    	
 
    	
IL
    	
 
    	
Morando Barrettinl
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
The Old Second National Bank, as Trustee and
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Berco Realty, Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
227 South River Street,   Sullo 100
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Aurora IL 60506
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
980
    	
 
    	
Chico
    	
 
    	
1501 Mangrove Avenue
    	
 
    	
Chico
    	
 
    	
CA
    	
 
    	
Pacific Development   Group II
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
One Corporate Plaza- P.O. Box 3060
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Newport Beach CA 92656
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:949-976-8591
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:949-976-8584
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
985
    	
 
    	
Monrovia
    	
 
    	
201 West Huntington Road
    	
 
    	
Monrovia
    	
 
    	
CA
    	
 
    	
Ch111’1es Foulger
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
201 Monrovia LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
17045 Edgewater Lena
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Huntington Be-CA 92649
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 909-976-2700
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
987
    	
 
    	
Round lake
    	
 
    	
818 East Rotnns Road
    	
 
    	
Round Lake Be-
    	
 
    	
IL
    	
 
    	
Stella Dekel
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Slda Enterprtses, ltd.,   a CA limited partnership
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Property Manager
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
cio Kamay Management Co.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
12011 San Vicente Blvd.,   Suite 700
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Los Angelea CA   90049-4949
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 310-082-5637
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:310-047-4712
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:310-047-5633
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:dvk@karney.net
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
995
    	
 
    	
EI Centro
    	
 
    	
902 North Imperial Avenue
    	
 
    	
El Centro
    	
 
    	
CA
    	
 
    	
Cole PB Portfolio t, LP

2555 E. Camelback Rood
    	
 
    	
LEASED
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Suite 400
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Phoenix AZ 85016
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
997
    	
 
    	
La Habra
    	
 
    	
125 West ImperialHighway
    	
 
    	
La Habra
    	
 
    	
,:A
    	
 
    	
Donald E. Votaw
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Subtrust, Votaw Trust, Davis   Trust
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
301 W.lmpGrialHwy
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
La Habra CA 90631
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
997
    	
 
    	
La Habra
    	
 
    	
125 Weot ImperialHighway
    	
 
    	
La Habra
    	
 
    	
:A
    	
 
    	
Sheldon J Fleming
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fleming &   Allen, LLP
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
2030 Main Street Sue   1300
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Irvine CA 92614
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
1003
    	
 
    	
Cidra
    	
 
    	
SR PR 172 & PR   787, KM 12.5,
    	
 
    	
Cidra
    	
 
    	
PR
    	
 
    	
Ms. Anna Valaquea
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
Bayamon Ward
    	
 
    	
 
    	
 
    	
 
    	
 
    	
B.V. Properties, Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Yauco Plaza 1
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Shopping Canter #137
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Youco PR 00698
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 787-785-5994
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
1011
    	
 
    	
Bloomington
    	
 
    	
433 North Jacobs Stroot
    	
 
    	
Bloomington
    	
 
    	
IN
    	
 
    	
Jerry Gates
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Whitehall   Crossing,L.L.C. & SKG L.L.C.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
542 S. College   AvenueiP.O. Box 209
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Bloomington IN 47402
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
1014
    	
 
    	
Bridgewater
    	
 
    	
735 Promanade Boulevllld
    	
 
    	
Bridgewater
    	
 
    	
NJ
    	
 
    	
C/o Klmco Realty Corporation
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3333 New Hyde Pork Road,   P.O. Box 5020
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
New Hyde Pork NY   11042-D020
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
1048
    	
 
    	
Paterson
    	
 
    	
261Mclean Blvd.
    	
 
    	
Paterson
    	
 
    	
NJ
    	
 
    	
Richard Rushton
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Me Lean Blvd Retail   Canter, LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
271 Rte. 46 West
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ste. B201
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Felrfoeld NJ 07004
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:973-38 288
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
1049
    	
 
    	
Dysert Rood
    	
 
    	
Dysert Rood
    	
 
    	
Goodyear
    	
 
    	
AZ
    	
 
    	
Steve Park
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
SMPIII, LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3600 Birch Street
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sullo 200
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Newport Beach CA 92660
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 949-925-D700
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 949-925-3541
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
1049
    	
 
    	
Dysert Rood
    	
 
    	
Dysart Road
    	
 
    	
Goodyear
    	
 
    	
AZ
    	
 
    	
Steve Park
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
GLT Holdings, L.P.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3600 Birch Street
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
SuRe 200
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Newport Beech CA 92812
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 949-925-0700
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 949-925-3541
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
1510
    	
 
    	
Bensalem
    	
 
    	
3373 Progress Drive
    	
 
    	
Bensalem
    	
 
    	
PA
    	
 
    	
Joseph Dlsgldlo
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
301State Rood
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Croydon PA 19021
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 215-578-6085
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
1511
    	
 
    	
La Mirada
    	
 
    	
14379 Industry Circle
    	
 
    	
La Mirada
    	
 
    	
CA
    	
 
    	
Art Smith
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
VoVIC Partners, LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
26 Corporate Plaza
    	
 
    	
 
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
SuKe260
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Newport Beach CA 92660
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 949-964-8648
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax: 949-964-8695
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
1512
    	
 
    	
Warehouse Direct W.
    	
 
    	
4411McGulm Street
    	
 
    	
NorthLesVogas
    	
 
    	
NV
    	
 
    	
ProLogis NA3 LLC
    	
 
    	
LEASED
    
	
 
    	
 
    	
Nevada
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3555 W. Reno Ave.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
SuttoF
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Las Vegas NV 89118
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel: 702-289-9292
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
1514
    	
 
    	
Warehouse Direct
    	
 
    	
6510-11 Jimmy Corter Blvd.
    	
 
    	
Atlanta
    	
 
    	
GA
    	
 
    	
Lit/Hodges   IndustrialTrust
    	
 
    	
LEASED
    
	
 
    	
 
    	
Atlanta
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
3350 Rlverwood Pkwy.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Ste.850
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Atlanta GA 30339
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
1601
    	
 
    	
CerWash
    	
 
    	
North MUitary Trail and Green
    	
 
    	
GotfView
    	
 
    	
FL
    	
 
    	
M. Lynwood Bishop,Jr.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Gotfview ShoppingPlaza   Associates, UP
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
6508 Travis Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
West Palm Beach FL 33408
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
5086
    	
 
    	
Westgmve Texas
    	
 
    	
2611 Wostgrove Ste.103
    	
 
    	
Carrollton
    	
 
    	
TX
    	
 
    	
Drybem Ill, Ltd.
    	
 
    	
LEASED
    
	
 
    	
 
    	
Office
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o Dryden Company
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
PO Box2189
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Addison TX 75001
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
5094
    	
 
    	
Burlington Training
    	
 
    	
2058 Route130 South
    	
 
    	
Edgewater Park
    	
 
    	
NJ
    	
 
    	
City Select Properties,Inc.
    	
 
    	
LEASED
    
	
 
    	
 
    	
Center
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
165Cove Road
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Moorestown NJ 08057
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
5121
    	
 
    	
WhAeMol’llh
    	
 
    	
5024 CampbellBoulevard,   Suite
    	
 
    	
K WMe Marsh
    	
 
    	
MD
    	
 
    	
Corporate Office   Properties, L.P.
    	
 
    	
LEASED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
P.O.Box 64521
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
BaRimore MD 21264-4521
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
6126
    	
 
    	
Indianapolis Display
    	
 
    	
1414 S.West St.
    	
 
    	
Indianapolis
    	
 
    	
IN
    	
 
    	
T. Joseph Dally
    	
 
    	
LEASED
    
	
 
    	
 
    	
Warehouse
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Merchandise Warehouse Co., Inc.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Vice President G.M.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
1414 South West St.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
P.O. Box 575
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Indianapolis IN 46206
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
6128
    	
 
    	
San Bernardino
    	
 
    	
300 S. Tippecanoe Avenue
    	
 
    	
San Bernardino
    	
 
    	
CA
    	
 
    	
Westgate No.1, L.P.
    	
 
    	
LEASED
    

 

 

	
 
    	
 
    	
Werohousa
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
c/o  Hillwood Investments
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
105 No.Leland Norton Way
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Su«a3
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Sen Bernardino CA 92408
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Tel:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Fax:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Cell:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Email:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Web:
    	
 
    	
 
    

 

 

Schedule 5.09

 

Environmental Matters

 

Attatched

 

 

ACTIVE SITE REMEDIATIONS AS OF DECEMBER 2008

 

	
STORE# 
    	
 
    	
CITY
    	
 
    	
STATE
    	
 
    	
CASE/PROJECT
    	
 
    	
STATUS
    
	
4 
    	
 
    	
Raleigh
    	
 
    	
NC
    	
 
    	
lift Removal
    	
 
    	
State   overseeing remediation of lift removal.    No potential groundwater effected. Currently awaiting_response from   State.
    
	
7   
    	
 
    	
Bustleton
    	
 
    	
PA
    	
 
    	
Oil/Water Separator
    	
 
    	
Area   surrounding former oil/water separator being investigated - awaiting response   from Landlord (Kimco Realty)
    
	
18 
    	
 
    	
Quakertown
    	
 
    	
PA
    	
 
    	
UST Closure
    	
 
    	
PA   Department of Environmental Protection (PADEP) requested a workplan to   further characterize the site. Consultant preparing plan.
    
	
40 
    	
 
    	
Edgewater Park
    	
 
    	
NJ
    	
 
    	
UST Closure
    	
 
    	
Report   submitted to the State requesting no further action (NFA).  New Jersey Department of Environmental   Protection (NJDEP) requested further info which consultant responded;   awaiting State response
    
	
55 
    	
 
    	
Hazlet
    	
 
    	
NJ
    	
 
    	
SI!RI
    	
 
    	
Ongoing   remedial investigation of groundwater.    NJDEP accepted deed notice and groundwater monitoring. Consultant   working to receive access with neighbor in order to place downgradient wells   and review whether a wetlands permit may be required.
    
	
65   
    	
 
    	
Frederick
    	
 
    	
MD
    	
 
    	
Oil Spill Incident
    	
 
    	
Spill   Case No. 02-1-061FR opened with MD Department of Environment (MOE) - The   spill had been clean up and consultant forwarded information to MOE for   closure of Incident
    
	
72   
    	
 
    	
Laurel
    	
 
    	
MD
    	
 
    	
Lift Removal
    	
 
    	
Consultant   submitted a Site Investigation Report to MOE requesting NFA
    
	
83 
    	
 
    	
Richmond
    	
 
    	
VA
    	
 
    	
Lift Removal
    	
 
    	
Lift   removed. Report submitted to VA Department of Environmental Quality (VADEQ)   requesting NFA.
    
	
103 
    	
 
    	
Richmond
    	
 
    	
GA
    	
 
    	
Soil Investigation
    	
 
    	
Investigation   of soils in area of former gasoline UST and in areas during pre-construction   - consultant to investigate
    
	
115 
    	
 
    	
Roswell
    	
 
    	
GA
    	
 
    	
Lift Assessment
    	
 
    	
Assessment   performed on leaking lift. No report to State since groundwater not   affected.  Recommend remediating soil   when lift is decommissioned.
    
	
122   
    	
 
    	
Panama City_
    	
 
    	
FL
    	
 
    	
UST Closure
    	
 
    	
State   requiring further soil and GW investigation
    
	
146   
    	
 
    	
Nashville
    	
 
    	
TN
    	
 
    	
Lift Removal
    	
 
    	
Potential   release. Consultant scheduling investigation
    
	
150   
    	
 
    	
Matthews
    	
 
    	
NC
    	
 
    	
Lift Removal
    	
 
    	
State   requires remedial investigation and possible cleanup.
    
	
151   
    	
 
    	
Knoxville
    	
 
    	
TN
    	
 
    	
Lift Removal
    	
 
    	
Lift   removed and minor soil contamination identified and remediated. Awaiting word   from the State on whether additional investigation is necessary.
    
	
246   
    	
 
    	
Columbus
    	
 
    	
OH
    	
 
    	
Lift Removal
    	
 
    	
Lift removed, soil   disposed of off-site.  Report submitted   to state recommends NFA.
    
	
607   
    	
 
    	
Pasadena
    	
 
    	
CA
    	
 
    	
Remedial Investigation
    	
 
    	
Awaiting response from the   State on remedial investigation workplan
    
	
623   
    	
 
    	
Santa Barbara
    	
 
    	
CA
    	
 
    	
Site Remediation
    	
 
    	
Santa   Barbara Fire Department (SBFD) closed UST case, however Regional Water   Quality Control Board (RWQCB) opened spills, leaks, investigations & cleanups (SLIC)   case for groundwater. Currently in conversations with RWQCB on   possible corrective action plan, however Pep Boys believes that the   contamination does not stem from our activities.
    
	
652   
    	
 
    	
Los Angeles
    	
 
    	
CA
    	
 
    	
UST Closure
    	
 
    	
Awaiting response from the   State on remedial investigation workplan
    
	
659   
    	
 
    	
Tempe
    	
 
    	
AZ.
    	
 
    	
NOV Response
    	
 
    	
Soil   remediated adjacent to waste oil aboveground storage tank and post-excavation sampling   indicated NFA. Report submitted and awaiting response; NFA anticipated
    
	
734   
    	
 
    	
San Antonio
    	
 
    	
TX
    	
 
    	
Lift Assessment
    	
 
    	
Lift removed and soil   contamination identified.  Consultant   to delineate area surrounding former lift.
    
	
810   
    	
 
    	
San Diego
    	
 
    	
CA
    	
 
    	
Close Vapor Wells
    	
 
    	
File   review indicated 5 extraction/verification wells identified behind our store.   Upon site inspection only 3 wells were present. Consultant closed 3   identified wells and submitted well closure report to San Diego Department of   Health (SO DOH) requesting closure
    
	
823   
    	
 
    	
Chicago
    	
 
    	
IL
    	
 
    	
SLB Site
    	
 
    	
Environmental   reports identified contamination in area of former hydraulic lifts and UST.   Consultant recommended to Illinois Environmental Protection Agency (IEPA) no   further remediation (NFR) based upon Tiered Approach to Corrective Action   (TACO) regulations. IEPA requested additional borings site work to take place   week of 1/8/09. IEPA case manager to forward draft NFR letter.
    
	
829   
    	
 
    	
Fremont
    	
 
    	
CA
    	
 
    	
Waste Oil Spill
    	
 
    	
NFA   received from oil spill. Monitoring wells are scheduled to be abandoned
    

 

 

Schedule 5.10

 

Insurance

 

Attached

 

	
  

  	
  Casualty
  Program Policy Period: June 30, 2008 to June 30, 2009 $100M I Fireman's Fund
  The American Insurance ColllfJilny Limits of
  Liability: $25,000,000 Each Occurrence $75M $50M $25M Best Rating:A XV Policy Number: SHK
  00081346702 $25,000,000 Aggregate $2M $1M $250K #: 28PR200589
  (PR) $1,000,000 WC & EL Deductible /SIR /New Hampshire Ins. Co./ AI South
  Ins. Co./Ins.Co.ofPA Policy #'s:
  5145338/5145339/5145340/5145341/5145342/514534 (CA, NV, OH) SIR States

   

  

 

	
  

  	
  Pep Boys
  Property Program March 1, 2008 • March 1, 2009 $100M 1';.
  r•'•. :<• . ,:r; r ;;•.s ;:-:. •.•:,:.: i?f 't'7 r- 'J I' < . l:lA;
  "'1' il\ I I 100.00%
  $50M I ,,• ;;S< oo:ooo : ,ri\;,.
  I . ':ti
  GEP :SCo('"' ' Swiss
  Re MontPener . $450,000 $450,000 $450,000 $450,000
  $25M 6.67% :6.00% 20% $30,015 $22,500 $90,000 $15M Lexing!tin
  $1,800,000 60.00% $1,080,000 100.00% 100.00% $250,000 Base Deductible except
  various cat deductlbles per expiring Stock at
  Distribution Cen1ers Program above includes
  $50,000,000 California Earthquake Subllmlt
  Additional $10,000,000 xis $50,000,000 California
  Earthquake Is $60,000 Note an Increased subllmlt of
  Zone A Flood from $5,000,000 to $10,000,000 (occurrence/annualaggregate)
  Is Included Total premium for this option Is estimated at $2,366,795(excludlng applicable surcharges, fees and taxes)
  $2,366,795 Premium 

  
	
   

  	
   

  

 

	
  

  	
  Property
  Program March 1,2008 - March 1, 2009 $100M $50M $25M $15M $250,000 Base
  Deductible except various cat deductibles per expiring $2,500,000 Stock at
  Distribution Centers Program above includes $50,000,000 California Earthquake
  Sublimit Additional $10,000,000 xis $50,000,000
  California Earthquake purchased Note an increased sublimit of Zone A Rood
  from $5,000,000 to $10,000,000 {occurrence/annual aggregate) is included TRIA Coverage placed with Colchester Insurance Company
  {wholly owned subsidiary of The Pep Boys- Manny, Moe & Jack)

  

 

	
  

  	
  Executive Risk
  Program Directors' and Officers' liability Insurance 7/1/08 to 111109
  Aggregate Umit: $50 million $50MM ,. . ChUbb $10mm  Xlll
  S40mm $40MM ._. ,. $30MM I ''" . "''" ""; Fiduciary liability
  7/1/08 to 7/1/09 Aggregate Limit: $20 million Crime Insurance 10/14/08 to
  10/14/09 Per Occurrence Limit: $10 million Employment Practices liability
  Insurance 10/14/08 tp 10/14/09 Aggregate limit: $25
  million Chubb $15mm D $15mm
  $20MM $25MM I'. ,. " . . . 41 ,t:./ . $15MM
  r:: . "'""":! ,,. $10MIIII $0 r $1,000,000 nllention
  per loss (lndemnlfiable claims) SO (non lndemnlfiable claims) ChUbb $10inm $50,000 nmmtlon per loss
  (lndemnlflable claims) $0 (non lndemnlfiable
  claims) 0 '" . $200,000 deductible $2.5 million
  retention

  

 

 

 

Schedule 5.13

 

Subsidiaries; Equity Interests

 

	
Legal Name of Entity
    	
 
    	
State of
   Incorporation
    	
 
    	
Ownership
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
The   Pep Boys – Manny, Moe & Jack
    	
 
    	
Pennsylvania
    	
 
    	
Publicly-traded   

500,000,000   common shares authorized
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
The   Pep Boys Manny Moe & Jack of California
    	
 
    	
California
    	
 
    	
Owned   100% by PBY Corp. 1,000 

common   shares authorized
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Pep   Boys – Manny, Moe & Jack of Delaware, Inc.
    	
 
    	
Delaware
    	
 
    	
Owned   100% by The Pep Boys – Manny, Moe & Jack 

10,000   common shares authorized
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Pep   Boys- Manny, Moe & Jack of Puerto Rico, Inc.
    	
 
    	
Delaware
    	
 
    	
Owned   100% by The Pep Boys- Manny, Moe & Jack 

100   common shares authorized
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Carrus   Supply Corporation
    	
 
    	
Delaware
    	
 
    	
Owned   100% by The Pep Boys- Manny, Moe & Jack 

1,000   common shares authorized
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
PBY   Corporation
    	
 
    	
Delaware
    	
 
    	
Owned   100% by The Pep Boys – Manny, Moe & Jack 

100   common shares authorized
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Colchester   Insurance Company
    	
 
    	
Vermont
    	
 
    	
Owned   100% by The Pep Boys – Manny, Moe & Jack 

100,000   common shares authorized
    

 

 

Schedule 5.21(a)

 

DDA’s Attached

 

 

CASH CONCENTRATION FLOWCHART

 

 

 

 

Schedule 5.2l(a)

 

Wachovia Bank

Attn: Vernon Lucas

One South Broad Street PA 1227

Philadelphia, PA 19107

 

2100010334619  (concentration)

2100003501909

 

Banco Popular

 

Banco Popular de Puerto Rico

Corporate Banking Division 712

209 Ponce de Leon Avenue 

Popular Center Building 6th Floor 

Hato Rey PR 00918

ATTN: Nicole Loubriel

 

030-129540  (primary)

 

030-118093 (payroll)

030-129559 (disbursement)

 

Wells Fargo

Attn: Megan Donnelly

US Corporate Banking

2 Logan Square, 19th Floor

100-120 N 18th Street

Philadelphia, PA 19103

 

415-9523406

 

Bank of America 

Attn: Paul J. Delsalvo 

MA5-100-08-02

100 Federal Street

Boston, MA 02110

 

22905000 (Bank of America)

93743702354 (BOFA)

 

 

JP Morgan  Chase

Attn: Bradford B. Sahler, VP Treasury Services

695 Route 46, Floor 1

Fairfield, NJ 07004

 

201-000001559689524 (primary) 

 

(subaccounts)

201-000001559689482

201-000001559689490

201-000001559689508

662-000000618379226

662-000000618379234

662-000000618379242

662-000000618379259

662-000000618379267

662-000000618379275

802-000000304961450

 

National City Bank

Attn: Eric Kaveny

20 Standwick St, LOC 45-25-195

Pittsburgh, PA 15222

 

5230154386 (primary) 

 

(subaccounts)

31-0076586775

60-00758112677

01-00981612513

 

PNC

Attn: Loise M. Pintarelli

Two Tower Center Blvd

East Brunswick, NJ 08816

 

8502143374

 

* italicized accounts will receive “notice”

* underlined accounts will have “control agreements”

 

 

Schedule 5.2l(b)

 

Credit Card Agreements

 

National Processing Company/Bank of America processing agreement

Chase Paymentech processing agreement 

First Data debt card processing agreement 

American Express Acceptance Agreement 

Discover Merchant Services Agreement 

GE Private Label Credit Card Agreement

 

 

Pep Card

GE Money

Scott Schwalm

950 Forrer Blvd

Dayton, OH 45420

 

Chase

Linda Callicott Morgan

Project Manager III Merchant Implementation Team

Chase Paymentech Solutions

14221 Dallas Parkway, Bldg II -5th Floor

Dallas, TX 75254-2942

 

Discover  Network

Caroline Wertman

National Account Specialist

P.O. Box 3011

New Albany, OH  43054

 

American Express

1116 Chanticleer Drive

Linda Mona

Cherry Hill, NJ. 08003

 

Concord/Firstdata

3975 NW 120 Ave

Coral Springs Fl. 33065

Attn: Audrey Camacho

Coral Springs, FL  33065

 

Bank of America

1231 Durrett Lane

Brian Crowder

Louisville, KY  40213-2041

 

 

Schedule 5.24

 

Material Contracts

 

All documents evidencing Permitted Indebtedness

 

All documents evidencing management contracts or compensatory plans or arrangements filed as Exhibits to the 34 Act Reports

 

Merchandise Vendor Agreements with:  

 

Cooper Tire

Johnson Controls - Battery Group

Hankook Tire America Corp

 

IBM Customer Agreement

IBM Term Lease Master Agreement

AT&T Master Agreement

 

 

Schedule 6.02

 

Financial and Collateral Reporting

 

The Pep Boys- Manny, Moe & Jacket al.

 

	
DUE/NAME   OF REPORT
    	
 
    	
DATE
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Monthly   or, if applicable, weekly:
    	
 
    	
 
    	
 
    	
 
    
	
·      Borrowing   Base Certificate with the following backup:
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Borrowing Base backup to be received with BBC:
    	
 
    	
 
    	
 
    	
 
    
	
·      Inventory   Stock Ledger summary
    	
 
    	
 
    	
 
    	
 
    
	
·      Schedule   detailing In-Transit FOB Inventory (from G/L)
    	
 
    	
 
    	
 
    	
 
    
	
·      Schedule   detailing In-Transit to Puerto Rico (from G/L)
    	
 
    	
 
    	
 
    	
 
    
	
·      Schedule   detailing Stores In transit to DC- Overstock (from G/L)
    	
 
    	
 
    	
 
    	
 
    
	
·      Schedule   detailing categories and dollar amounts of Display Units (from G/L)
    	
 
    	
 
    	
 
    	
 
    
	
·      Pepsi   Inventory (from G/L)
    	
 
    	
 
    	
 
    	
 
    
	
·      Backup   for Loaner Tools amount (from G/L) 
    	
 
    	
 
    	
 
    	
 
    
	
·      Credit   Card AJR
    	
 
    	
 
    	
 
    	
 
    
	
·      Accounts   Receivable Aging
    	
 
    	
 
    	
 
    	
 
    
	
·      Backup   to support Gift Card Amounts and Customer Deposits
    	
 
    	
 
    	
 
    	
 
    
	
·      Schedule   of unprocessed In-Store Payments
    	
 
    	
 
    	
 
    	
 
    
	
·      Shrink   (from G/L)
    	
 
    	
 
    	
 
    	
 
    
	
·      QOH   Adjustment (from G/L) 
    	
 
    	
 
    	
 
    	
 
    
	
·      Deduction   of “cores” on Stock Ledger
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Monthly (within 30 days after month-end):
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
·      Monthly   Financial Statements
    	
 
    	
 
    	
 
    	
 
    
	
·      Monthly   comparable sales report
    	
 
    	
 
    	
 
    	
 
    
	
·      Monthly   store activity report (store openings/closings)
    	
 
    	
 
    	
 
    	
 
    
	
·      Officer’s  Compliance Certificate
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Quarterly (within 45 days after quarter-end):
    	
 
    	
 
    	
 
    	
 
    
	
·      Quarterly   Financial Statements
    	
 
    	
 
    	
 
    	
 
    
	
·      Officer’s  Compliance Certificate
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Annually   (within 90 days after year-end):
    	
 
    	
 
    	
 
    	
 
    
	
·      Audited   Financial Statements
    	
 
    	
 
    	
 
    	
 
    
	
·      Officer’s   Compliance Certificate
    	
 
    	
 
    	
 
    	
 
    

 

1

 

	
Annually   (within 30 days after year-end):
    	
 
    	
 
    	
 
    	
 
    
	
·        Insurance   Summary
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Annually   (within 15 days after  year-end):
    	
 
    	
 
    	
 
    	
 
    
	
·        Forecasts
    	
 
    	
 
    	
 
    	
 
    

 

*Note: “G/L” refers to General Ledger

 

	
Mailed to:
    	
David   Vega
    
	
 
    	
100 Federal Street, 9th Floor
    
	
 
    	
Boston,   MA 02110
    
	
 
    	
Tel:   (617) 434-8735
    
	
 
    	
Fax: (617) 434-4131
    

 

2

 

Schedule 7.01

 

Existing Liens

 

See attached lien search results

 

Liens securing Borrowers’ senior secured term loan due 10/27/2013

 

 

Pep Boys

Existing Liens

 

	
Carrus Supply Corporation
    	
 
    	
DE
    	
 
    	
sos
    	
 
    	
PNC Bank, National Association
    	
 
    	
4/3/08
    	
 
    	
81181286
    
	
PBY Corporation
    	
 
    	
DE
    	
 
    	
sos
    	
 
    	
PNC Bank, National   Association
    	
 
    	
4/3/08
    	
 
    	
81181310
    
	
Pep Boys - Manny, Moe & Jack of   Delaware, Inc.
    	
 
    	
DE
    	
 
    	
sos
    	
 
    	
Lombard US Equipment Finance Corporation
    	
 
    	
3/11/03
    	
 
    	
30585722
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Amendment - Secured   Party name to RBS Lombard, Inc.
    	
 
    	
9/20/04
    	
 
    	
42630764
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Amendment - add   collateral
    	
 
    	
9/23/04
    	
 
    	
42680207
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Amendment - add   collateral
    	
 
    	
10/20/04
    	
 
    	
42951020
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Amendment - Secured   Party to RBS Asset Finance, Inc.
    	
 
    	
2115/08
    	
 
    	
80565604
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Continuation
    	
 
    	
2/20/08
    	
 
    	
80607778
    
	
Pep Boys- Manny, Moe & Jack of   Delaware, Inc.
    	
 
    	
DE
    	
 
    	
sos
    	
 
    	
GE Capital Consumer Card Co.
    	
 
    	
1110/05
    	
 
    	
50096728
    
	
Pep Boys- Manny,   Moe & Jack of Delaware, Inc.
    	
 
    	
DE
    	
 
    	
sos
    	
 
    	
RBS Asset   Finance, Inc.
    	
 
    	
7/5/05
    	
 
    	
52048297
    
	
Pep Boys- Manny,   Moe & Jack of Delaware, Inc.
    	
 
    	
DE
    	
 
    	
sos
    	
 
    	
PNC Bank, National   Association
    	
 
    	
4/3/08
    	
 
    	
81181336
    
	
Pep Boys - Manny,   Moe & Jack of Delaware, Inc.
    	
 
    	
PA
    	
 
    	
USDC
    	
 
    	
Christina Fradelos
    	
 
    	
11/9/05
    	
 
    	
050302280
    
	
Pep Boys - Manny, Moe & Jack of   Puerto Rico, Inc.
    	
 
    	
DE
    	
 
    	
sos
    	
 
    	
Lombard US Equipment Finance Corporation
    	
 
    	
3/11/03
    	
 
    	
30585896
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Amendment - Secured Party name to RBS Lombard,   Inc.
    	
 
    	
9/20/04
    	
 
    	
42630814
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Amendment - add   collateral
    	
 
    	
9/23/04
    	
 
    	
42680231
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Amendment - add   collateral
    	
 
    	
10/20/04
    	
 
    	
42951129
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Amendment - Secured   Party to RBS Asset Finance, Inc.
    	
 
    	
2/15/08
    	
 
    	
80565760
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Continuation
    	
 
    	
2/20/08
    	
 
    	
80607752
    
	
Pep Boys- Manny, Moe & Jack of   Puerto Rico, Inc.
    	
 
    	
DE
    	
 
    	
sos
    	
 
    	
GE Capital Consumer Card Co.
    	
 
    	
1/10/05
    	
 
    	
50096876
    
	
Pep Boys- Manny,   Moe & Jack of Puerto Rico, Inc.
    	
 
    	
DE
    	
 
    	
sos
    	
 
    	
RBS Asset Finance, Inc.
    	
 
    	
7/5/05
    	
 
    	
52048297
    
	
Pep Boys- Manny,   Moe & Jack of Puerto Rico, Inc.
    	
 
    	
DE
    	
 
    	
sos
    	
 
    	
PNC Bank, National Association
    	
 
    	
4/3/08
    	
 
    	
81181492
    
	
The Pep Boys- Manny, Moe   & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
GE Capital Consumer Card   Co.
    	
 
    	
1/20/00
    	
 
    	
31200522
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Continuation
    	
 
    	
12/17/04
    	
 
    	
2004123003117
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
The Pep Boys- Manny, Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
Dell Financial Services LP
    	
 
    	
10/6/00
    	
 
    	
33151170
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Continuation
    	
 
    	
9/19/05
    	
 
    	
2005091906859
    
	
The Pep Boys - Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
Crown Credit Company
    	
 
    	
3/23/04
    	
 
    	
20040294606
    

 

 

	
The Pep Boys- Manny, Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
IBM Credit LLC
    	
 
    	
5/4/04
    	
 
    	
20040471878
    
	
The Pep Boys- Manny, Moe   & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
IBM Credit LLC
    	
 
    	
5/7/04
    	
 
    	
20040487866
    

 

 

Pep Boys

Existing Liens

 

	
The Pe(J Boys - Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
IBM Credit LLC
    	
 
    	
5/18/04
    	
 
    	
20040534455
    
	
The Pep Boys - Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
Raymond Leasing   Corporation
    	
 
    	
6/24/04
    	
 
    	
20040650708
    
	
The Pep Boys - Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
IBM Credit LLC
    	
 
    	
7/9/04
    	
 
    	
20040710305
    
	
The Pep Boys - Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
AT&T Corporation
    	
 
    	
8/17/04
    	
 
    	
20040860055
    
	
The Pep Boys - Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
Crown Credit Company.
    	
 
    	
9/7/04
    	
 
    	
20040923315
    
	
The Pep Boys - Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
American Color   Graphics, Inc.
    	
 
    	
10/5/04
    	
 
    	
20041047507
    
	
The Pep Boys- Manny, Moe &   Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
Crown Credit Company
    	
 
    	
3/21/05
    	
 
    	
2005032102981
    
	
The Pep Boys- Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
IBM Credit LLC
    	
 
    	
6/29/05
    	
 
    	
2005062900838
    
	
The Pep Boys- Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
RBS Asset   Finance, Inc.
    	
 
    	
7/5/05
    	
 
    	
2005070601771
    
	
The Pep Boys- Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
Raymond Leasing   Corporation
    	
 
    	
7/18/05
    	
 
    	
2005071901348
    
	
The Pep Boys- Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
Raymond Leasing   Corporation
    	
 
    	
7/18/05
    	
 
    	
2005071901437
    
	
The Pep Boys- Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
Raymond Leasing   Corporation
    	
 
    	
7/18/05
    	
 
    	
2005071901475
    
	
The Pep Boys- Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
Dell Financial Services   LP
    	
 
    	
9/19/05
    	
 
    	
2005091906847
    
	
The Pep Boys - Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
IBM Credit LLC
    	
 
    	
4/4/06
    	
 
    	
2006040402650
    
	
The Pep Boys- Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
IBM Credit LLC
    	
 
    	
5/17/06
    	
 
    	
2006051701417
    
	
The Pep Boys- Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
Raymond Leasing   Corporation
    	
 
    	
7/21/06
    	
 
    	
2006072101939
    
	
The Pep Boys - Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
Raymond Leasing   Corporation
    	
 
    	
7/24/06
    	
 
    	
2006072400490
    
	
The Pep Boys - Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
Raymond Leasing   Corporation
    	
 
    	
7/26/06
    	
 
    	
2006072601838
    
	
The Pep Boys - Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
Raymond Leasing   Corporation
    	
 
    	
7/26/06
    	
 
    	
2006072601840
    
	
The Pep Boys - Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
IBM Credit LLC
    	
 
    	
10/2/06
    	
 
    	
2006100203928
    
	
The Pep Boys - Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
Raymond Leasing   Corporation
    	
 
    	
10/27/06
    	
 
    	
2006102700417
    
	
The Pep Boys- Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
IBM Credit LLC
    	
 
    	
11/28/06
    	
 
    	
2006112804445
    
	
The Pep Boys - Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
IBM Credit LLC
    	
 
    	
12/6/06
    	
 
    	
2006120603665
    
	
The Pep Boys- Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
IBM Credit LLC
    	
 
    	
1/19/07
    	
 
    	
2007011906489
    
	
The Pep Boys- Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
Raymond Leasing   Corporation
    	
 
    	
2/21/07
    	
 
    	
2007022100395
    
	
The Pep Boys - Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
Raymond Leasing   Corporation
    	
 
    	
3/29/07
    	
 
    	
2007032902323
    
	
The Pep Boys- Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
Raymond Leasing   Corporation
    	
 
    	
3/29/07
    	
 
    	
2007032902347
    
	
The Pep Boys - Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
Ervin Leasing Company
    	
 
    	
10/9/07
    	
 
    	
2007100903998
    
	
The Pep Boys- Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
Ervin Leasing Company
    	
 
    	
10/9/07
    	
 
    	
2007100905168
    
	
The Pep Boys - Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
Ervin Leasing Company
    	
 
    	
10/9/07
    	
 
    	
2007100905194
    
	
The Pep Boys - Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
Noreast Capital   Corporation
    	
 
    	
12/27/07
    	
 
    	
2007122704435
    
	
The Pep Boys- Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
Noreast Capital Corporation
    	
 
    	
1/22/08
    	
 
    	
2008012201945
    
	
The Pep Boys- Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
PNC Bank, National   Association
    	
 
    	
4/3/08
    	
 
    	
2008040401450
    
	
The Pep Boys- Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
NCR Corporation
    	
 
    	
4/14/08
    	
 
    	
2008041402112
    
	
The Pep Boys- Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
Raymond Leasing   Corporation
    	
 
    	
7/28/08
    	
 
    	
2008072806468
    
	
The Pep Boys- Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
Raymond Leasing   Corporation
    	
 
    	
7/28/08
    	
 
    	
2008072806482
    
	
The Pep Boys- Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
sos
    	
 
    	
Noreast Capital   Corporation
    	
 
    	
9/4/08
    	
 
    	
2008090406789
    
	
The Pep Boys- Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
Philadelphia County
    	
 
    	
Louis Hicks
    	
 
    	
6/30/04
    	
 
    	
021203509
    
	
The Pep Boys- Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
Philadelphia County
    	
 
    	
Gary Bubis
    	
 
    	
4/12/05
    	
 
    	
040303784
    

 

 

Pep Boys

Existing Liens

 

	
DEBTOR
    	
 
    	
STATE
    	
 
    	
FILING OFFICE
    	
 
    	
SECURED CREDITIOR
    	
 
    	
FILING DATE
    	
 
    	
FILING NUMBER
    
	
The Pep Boys- Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
Philadelphia County
    	
 
    	
Bahiyaldin Shadid
    	
 
    	
3/26/08
    	
 
    	
070602425
    
	
The Pep Boys- Manny,   Moe & Jack
    	
 
    	
PA
    	
 
    	
Philadelphia County
    	
 
    	
Matthew Peterson
    	
 
    	
12/3/08
    	
 
    	
070503901
    
	
The Pep Boys Manny Moe & Jack of California
    	
 
    	
CA
    	
 
    	
sos
    	
 
    	
Lombard US Equipment Finance Corporation
    	
 
    	
3/11/03
    	
 
    	
0307160423
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Amendment - Secured Party name to RBS   Lombard, Inc.
    	
 
    	
9/20/04
    	
 
    	
0410053196
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Amendment - add   collateral
    	
 
    	
9/23/04
    	
 
    	
0410058606
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Amendment - add   collateral
    	
 
    	
10/20/04
    	
 
    	
0470025728
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Amendment - Secured   Party to RBS Asset Finance, Inc.
    	
 
    	
2/15/08
    	
 
    	
0871473653
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Continuation
    	
 
    	
2/20/08
    	
 
    	
0871476850
    
	
The Pep Boys Manny Moe & Jack of   California
    	
 
    	
CA
    	
 
    	
sos
    	
 
    	
GE Ca ital Consumer Card   Co.
    	
 
    	
1/10/05
    	
 
    	
057011604983
    
	
The Pep Boys Manny Moe & Jack of   California
    	
 
    	
CA
    	
 
    	
sos
    	
 
    	
RBS Asset Finance, Inc.
    	
 
    	
7/5/05
    	
 
    	
057033190937
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
The Pep Boys Manny Moe & Jack of   California
    	
 
    	
CA
    	
 
    	
sos
    	
 
    	
PNC Bank, National Association
    	
 
    	
4/3/08
    	
 
    	
087153062628
    

 

 

Schedule 7.02

 

Existing Investments

 

None

 

 

Schedule 7.03

 

Existing Indebtedness

 

Attatched

 

 

Existing Indebtedness

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
TOTAL
    	
 
    	
 
    	
 
    
	
MATURITY
    	
 
    	
 
    	
 
    	
INTEREST
    	
 
    	
INTEREST
    	
 
    	
CURRENT
    	
 
    	
LONG TERM
    	
 
    	
BALANCE @
    	
 
    	
 
    	
 
    
	
DATE
    	
 
    	
DESCRIPTION
    	
 
    	
PAYMENT
    	
 
    	
RATE@
    	
 
    	
PORTION
    	
 
    	
PORTION
    	
 
    	
11/1/2008
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
09/07/09
    	
 
    	
Chemfree (capital lease)
    	
 
    	
 
    	
 
    	
7.520
    	
%
    	
226,860
    	
 
    	
—
    	
 
    	
226,860
    	
 
    	
 
    	
 
    
	
06/30/08
    	
 
    	
IBM Reflexis (Dell   Computers)(capitallease)
    	
 
    	
 
    	
 
    	
2.300
    	
%
    	
26,588
    	
 
    	
—
    	
 
    	
26,588
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
12/01/22
    	
 
    	
Store 823 (capital   lease)
    	
 
    	
 
    	
 
    	
 
    	
 
    	
244,685
    	
 
    	
4,330,423
    	
 
    	
4,575,108
    	
 
    	
 
    	
 
    
	
10/27/13
    	
 
    	
$320M Senior Secured   Term Loan
    	
 
    	
Quarterly
    	
 
    	
7.080
    	
%
    	
1,562,132
    	
 
    	
151,149,275
    	
 
    	
152,711,407
    	
 
    	
 
    	
 
    
	
12/15/14
    	
 
    	
$200M Senior   Subordinated Notes
    	
 
    	
June 15, Dec   15
    	
 
    	
7.500
    	
%
    	
0
    	
 
    	
174,535,000
    	
 
    	
174,535,000
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
JP Morgan   Trade Payable Liability
    	
 
    	
 
    	
 
    	
 
    	
 
    	
38,316,000
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Maximum $40m
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Morgan   Stanley Interest Rate Swap
    	
 
    	
 
    	
 
    	
 
    	
 
    	
7,953,436
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Mark to Market
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
PNC   Card
    	
 
    	
 
    	
 
    	
 
    	
 
    	
4,842,144
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Maximum $7.5m
    	
 
    

 

 

Schedule 10.02

 

Administrative Agent’s  Office, Certain Addresses for Notices

 

Administrative Agent, Collateral  Agent, 

Swing Line Lender  & any L/C Issuer:

 

Bank of America, N.A.

100 Federal Street, 9th Floor

Boston, Massachusetts 02110

Attention: David Vega, Managing Director, Retail Finance Group

Facsimile: 617-434-4131

Telephone: 617-434-8735

E-Mail: david.r.vega@ bankofamerica.com 

 

with a copy to:

 

Riemer & Braunstein LLP 

Three Center Plaza

Boston, Massachusetts 02108

Attention: David S. Berman, Esq. 

Facsimile: (617) 692-3550

Telephone: (617) 880- 3550

E-mail: dberman@riemerlaw.com

 

Lead Borrower  and the Other Loan Parties:

 

The Pep Boys- Manny, Moe & Jack

3111 W. Allegheny Avenue

Philadelphia, PA 19132

Attention:  Bernard K. McElroy, VP- Finance & Treasurer

Facsimile:  (215) 430-9531

Phone:  (215) 430-9203

E-mail: bemie_mcelroy@pepboys.com 

 

with a copy to:

 

Brian Zuckerman, VP- General Counsel & Secretary

The Pep Boys- Manny, Moe & Jack

Facsimile: (215) 430-4640

Telephone: (215) 430-9169

E-Mail: brian_zuckerman @pepboys.com

 

Lead Borrower’s  Website: www.pepboys.comExhibit 10.16

 

Published CUSIP Number:

 

 

 

$320,000,000

 

AMENDED AND RESTATED CREDIT AGREEMENT

 

among

 

THE PEP BOYS - MANNY, MOE & JACK
 as Borrower,

 

and

 

CERTAIN DOMESTIC SUBSIDIARIES OF THE BORROWER
 FROM TIME TO TIME PARTIES HERETO,
 as Guarantors,

 

THE LENDERS PARTIES HERETO,

 

and

 

WACHOVIA BANK, NATIONAL ASSOCIATION,
 as Administrative Agent

 

Dated as of October 27, 2006

 

WACHOVIA CAPITAL MARKETS, LLC,
 as Sole Lead Arranger and Sole Book Runner

 

 

 

 

Prepared by:

 

 

TABLE OF CONTENTS

 

	
 
    	
 
    	
Page
    
	
 
    	
 
    	
 
    
	
ARTICLE I DEFINITIONS
    	
1
    
	
Section 1.1
    	
Defined   Terms
    	
1
    
	
Section 1.2
    	
Other   Definitional Provisions
    	
27
    
	
Section 1.3
    	
Accounting   Terms
    	
28
    
	
Section 1.4
    	
Resolution   of Drafting Ambiguities
    	
28
    
	
Section 1.5
    	
Time   References
    	
28
    
	
 
    	
 
    	
 
    
	
ARTICLE II THE LOANS; AMOUNT AND TERMS
    	
29
    
	
Section 2.1
    	
Term   Loan
    	
29
    
	
Section 2.2
    	
[Reserved]
    	
30
    
	
Section 2.3
    	
Fee
    	
31
    
	
Section 2.4
    	
Prepayments
    	
31
    
	
Section 2.5
    	
Default   Rate and Payment Dates
    	
32
    
	
Section 2.6
    	
Conversion   Options
    	
33
    
	
Section 2.7
    	
Computation   of Interest and Fees; Usury
    	
33
    
	
Section 2.8
    	
Pro   Rata Treatment and Payments
    	
35
    
	
Section 2.9
    	
Non-Receipt   of Funds by the Administrative Agent
    	
36
    
	
Section 2.10
    	
Inability   to Determine Interest Rate
    	
37
    
	
Section 2.11
    	
Illegality
    	
38
    
	
Section 2.12
    	
Requirements   of Law
    	
38
    
	
Section 2.13
    	
Indemnity
    	
40
    
	
Section 2.14
    	
Taxes
    	
40
    
	
 
    	
 
    	
 
    
	
ARTICLE III REPRESENTATIONS AND WARRANTIES
    	
42
    
	
Section 3.1
    	
Financial   Condition
    	
42
    
	
Section 3.2
    	
No   Change
    	
43
    
	
Section 3.3
    	
Corporate   Existence; Compliance with Law
    	
43
    
	
Section 3.4
    	
Corporate   Power; Authorization; Enforceable Obligations
    	
44
    
	
Section 3.5
    	
No   Legal Bar; No Default
    	
44
    
	
Section 3.6
    	
No   Material Litigation
    	
44
    
	
Section 3.7
    	
Investment   Company Act; Etc
    	
44
    
	
Section 3.8
    	
Margin   Regulations
    	
45
    
	
Section 3.9
    	
ERISA
    	
45
    
	
Section 3.10
    	
Environmental   Matters
    	
45
    
	
Section 3.11
    	
Use   of Proceeds
    	
46
    
	
Section 3.12
    	
Subsidiaries
    	
46
    
	
Section 3.13
    	
Ownership
    	
47
    
	
Section 3.14
    	
Indebtedness
    	
47
    
	
Section 3.15
    	
Taxes
    	
47
    
	
Section 3.16
    	
Intellectual   Property Rights
    	
47
    
	
Section 3.17
    	
Solvency
    	
47
    
	
Section 3.18
    	
Investments
    	
48
    
	
Section 3.19
    	
Location   of Collateral
    	
48
    
	
Section 3.20
    	
No   Burdensome Restrictions
    	
48
    

 

i

 

	
Section 3.21
    	
Brokers’   Fees
    	
48
    
	
Section 3.22
    	
Labor   Matters
    	
48
    
	
Section 3.23
    	
Accuracy   and Completeness of Information
    	
49
    
	
Section 3.24
    	
Material   Contracts
    	
49
    
	
Section 3.25
    	
Insurance
    	
49
    
	
Section 3.26
    	
Security   Documents
    	
49
    
	
Section 3.27
    	
Classification   of Senior Indebtedness
    	
49
    
	
Section 3.28
    	
Anti-Terrorism   Laws
    	
50
    
	
Section 3.29
    	
Compliance   with OFAC Rules and Regulations
    	
50
    
	
Section 3.30
    	
Compliance   with FCPA
    	
50
    
	
Section 3.31
    	
Mortgaged   Properties
    	
50
    
	
 
    	
 
    	
 
    
	
ARTICLE IV CONDITIONS PRECEDENT
    	
53
    
	
Section 4.1
    	
Conditions   to Closing Date
    	
53
    
	
 
    	
 
    
	
ARTICLE V AFFIRMATIVE COVENANTS
    	
58
    
	
Section 5.1
    	
Financial   Statements
    	
58
    
	
Section 5.2
    	
Certificates;   Other Information
    	
59
    
	
Section 5.3
    	
Payment   of Taxes and Other Obligations
    	
60
    
	
Section 5.4
    	
Conduct   of Business and Maintenance of Existence
    	
60
    
	
Section 5.5
    	
Maintenance   of Property; Insurance
    	
60
    
	
Section 5.6
    	
Inspection   of Property; Books and Records; Discussions
    	
63
    
	
Section 5.7
    	
Notices
    	
64
    
	
Section 5.8
    	
Environmental   Laws
    	
65
    
	
Section 5.9
    	
Financial   Covenant
    	
66
    
	
Section 5.10
    	
Additional   Guarantors
    	
66
    
	
Section 5.11
    	
Compliance   with Law
    	
66
    
	
Section 5.12
    	
Pledged   Collateral; Substitutions; Releases
    	
67
    
	
Section 5.13
    	
[Reserved]
    	
68
    
	
Section 5.14
    	
Casualty   and Condemnation
    	
68
    
	
Section 5.15
    	
Further   Assurances; Real Property Documents
    	
72
    
	
 
    	
 
    
	
ARTICLE VI NEGATIVE COVENANTS
    	
73
    
	
Section 6.1
    	
Indebtedness
    	
73
    
	
Section 6.2
    	
Liens
    	
74
    
	
Section 6.3
    	
Nature   of Business
    	
74
    
	
Section 6.4
    	
Consolidation,   Merger, Sale or Purchase of Assets, etc.
    	
74
    
	
Section 6.5
    	
Advances, Investments   and Loans
    	
77
    
	
Section 6.6
    	
Transactions   with Affiliates
    	
80
    
	
Section 6.7
    	
Reciprocal   Easement Agreements
    	
81
    
	
Section 6.8
    	
Corporate   Changes; Material Contracts
    	
81
    
	
Section 6.9
    	
Limitation   on Restricted Actions
    	
81
    
	
Section 6.10
    	
Restricted   Payments
    	
82
    
	
Section 6.11
    	
Amendment   of Subordinated Debt
    	
84
    
	
Section 6.12
    	
Sale   Leasebacks
    	
84
    
	
Section 6.13
    	
No   Joint Assessment
    	
85
    

 

ii

 

	
ARTICLE VII EVENTS OF DEFAULT
    	
85
    
	
Section 7.1
    	
Events   of Default
    	
85
    
	
Section 7.2
    	
Property-Specific   Cure
    	
88
    
	
Section 7.3
    	
Acceleration;   Remedies
    	
88
    
	
 
    	
 
    
	
ARTICLE VIII THE ADMINISTRATIVE AGENT
    	
89
    
	
Section 8.1
    	
Appointment
    	
89
    
	
Section 8.2
    	
Delegation   of Duties
    	
89
    
	
Section 8.3
    	
Exculpatory   Provisions
    	
90
    
	
Section 8.4
    	
Reliance   by Administrative Agent
    	
90
    
	
Section 8.5
    	
Notice   of Default
    	
91
    
	
Section 8.6
    	
Non-Reliance   on Administrative Agent and Other Lenders
    	
91
    
	
Section 8.7
    	
Indemnification
    	
91
    
	
Section 8.8
    	
Administrative   Agent in Its Individual Capacity
    	
92
    
	
Section 8.9
    	
Successor   Administrative Agent
    	
92
    
	
Section 8.10
    	
Nature   of Duties
    	
93
    
	
Section 8.11
    	
Releases
    	
93
    
	
 
    	
 
    
	
ARTICLE IX MISCELLANEOUS
    	
93
    
	
Section 9.1
    	
Amendments,   Waivers and Release of Collateral
    	
93
    
	
Section 9.2
    	
Notices
    	
95
    
	
Section 9.3
    	
No   Waiver; Cumulative Remedies
    	
97
    
	
Section 9.4
    	
Survival   of Representations and Warranties
    	
97
    
	
Section 9.5
    	
Payment   of Expenses and Taxes
    	
97
    
	
Section 9.6
    	
Successors   and Assigns; Participations; Purchasing Lenders
    	
98
    
	
Section 9.7
    	
Adjustments;   Set-off
    	
102
    
	
Section 9.8
    	
Table   of Contents and Section Headings
    	
103
    
	
Section 9.9
    	
Counterparts
    	
103
    
	
Section 9.10
    	
Effectiveness
    	
103
    
	
Section 9.11
    	
Severability
    	
103
    
	
Section 9.12
    	
Integration
    	
103
    
	
Section 9.13
    	
Governing   Law
    	
103
    
	
Section 9.14
    	
Consent   to Jurisdiction and Service of Process
    	
104
    
	
Section 9.15
    	
Confidentiality
    	
104
    
	
Section 9.16
    	
Acknowledgments
    	
105
    
	
Section 9.17
    	
Waivers   of Jury Trial; Waiver of Consequential Damages
    	
105
    
	
Section 9.18
    	
Patriot   Act Notice
    	
106
    
	
 
    	
 
    
	
ARTICLE X GUARANTY
    	
106
    
	
Section 10.1
    	
The   Guaranty
    	
106
    
	
Section 10.2
    	
Bankruptcy
    	
106
    
	
Section 10.3
    	
Nature   of Liability
    	
107
    
	
Section 10.4
    	
Independent   Obligation
    	
107
    
	
Section 10.5
    	
Authorization
    	
107
    
	
Section 10.6
    	
Reliance
    	
108
    
	
Section 10.7
    	
Waiver
    	
108
    
	
Section 10.8
    	
Limitation   on Enforcement
    	
109
    

 

iii

 

	
Section 10.9
    	
Confirmation   of Payment
    	
109
    

 

iv

 

Schedules

 

	
Schedule   1.1(a)
    	
 
    	
Account   Designation Letter
    
	
Schedule   1.1(b)
    	
 
    	
Liens
    
	
Schedule   1.1(c)
    	
 
    	
Allocated   Payoff Amount
    
	
Schedule   2.1(d)
    	
 
    	
Form of   Term Note
    
	
Schedule   2.6
    	
 
    	
Form of   Notice of Conversion/Extension
    
	
Schedule   3.3
    	
 
    	
Jurisdictions   of Organization and Qualification
    
	
Schedule   3.5
    	
 
    	
Violations;   Defaults
    
	
Schedule   3.12
    	
 
    	
Subsidiaries
    
	
Schedule   3.19(a)
    	
 
    	
Location   of Real Property
    
	
Schedule   3.19(b)
    	
 
    	
Chief   Executive Offices
    
	
Schedule   3.22
    	
 
    	
Labor   Matters
    
	
Schedule   3.24
    	
 
    	
Material   Contracts
    
	
Schedule   3.25
    	
 
    	
Insurance
    
	
Schedule   3.27
    	
 
    	
Classification   of Senior Indebtedness
    
	
Schedule   3.31(b)
    	
 
    	
Leases
    
	
Schedule   3.31(e)
    	
 
    	
Partial   Takings
    
	
Schedule   4.1(b)
    	
 
    	
Form of   Secretary’s Certificate
    
	
Schedule   4.1(g)
    	
 
    	
Form of   Solvency Certificate
    
	
Schedule   5.2(a)(i)
    	
 
    	
Form of   Officer’s Compliance Certificate
    
	
Schedule   5.2(a)(ii)
    	
 
    	
Form of   Collateral Value Report
    
	
Schedule   5.5(c)
    	
 
    	
O&M   Plans
    
	
Schedule   5.10
    	
 
    	
Form of   Joinder Agreement
    
	
Schedule   5.15
    	
 
    	
Post-Closing   Surveys
    
	
Schedule   6.1(b)
    	
 
    	
Indebtedness
    
	
Schedule   6.5
    	
 
    	
Existing   Loans, Advances and Guarantees
    
	
Schedule   6.9
    	
 
    	
Existing   Encumbrances and Restrictions
    
	
Schedule   9.6
    	
 
    	
Form of   Assignment and Assumption
    

 

i

 

AMENDED AND RESTATED CREDIT AGREEMENT, dated as of October 27, 2006, among THE PEP BOYS -MANNY, MOE & JACK,  a Pennsylvania corporation (the “Borrower”), each of those Domestic Subsidiaries of the Borrower identified as a “Guarantor” on the signature pages hereto and such other Domestic Subsidiaries of the Borrower as may from time to time become a party hereto (collectively the “Guarantors” and individually a “Guarantor”), the several banks and other financial institutions from time to time parties to this Credit Agreement (collectively the “Lenders” and individually a “Lender”), and WACHOVIA BANK, NATIONAL ASSOCIATION, a national banking association, as administrative agent for the Lenders hereunder (in such capacity, the “Administrative Agent” or the “Agent”).

 

W  I  T  N  E  S  S  E  T  H :

 

WHEREAS, the Borrower, the Guarantors, the lenders party thereto and the Administrative Agent are parties to that certain Credit Agreement dated as of January 27, 2006 (as amended, supplemented or otherwise modified from time to time prior to the date hereof, the “Existing Credit Agreement”);

 

WHEREAS, the Borrower desires to amend the Existing Credit Agreement as set froth herein and to restate the Existing Credit Agreement in its entirety to read as follows;

 

WHEREAS, the Borrower has requested that the Lenders make a term loan to the Borrower in the amount of up to $320,000,000, as more particularly described herein; and

 

WHEREAS, the Lenders have agreed to make such term loan to the Borrower on the terms and conditions contained herein.

 

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

 

ARTICLE I

 

DEFINITIONS

 

Section 1.1                                   Defined Terms.

 

As used in this Credit Agreement, terms defined in the preamble to this Credit Agreement have the meanings therein indicated, and the following terms have the following meanings:

 

“2002 Senior Note Indenture”  shall mean the Indenture, dated as of May 21, 2002, by and among the Borrower and certain of its Subsidiaries, and Wachovia Bank, National Association, as Trustee, with respect to the Borrower’s 4.25% Convertible Senior Notes due June 1, 2007 in the aggregate principal amount of $150,000,000, as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced.

 

 

“2004 Senior Subordinated Note Indenture” shall mean the Indenture, by and between the Borrower and Wachovia Bank, National Association, as Trustee, executed and delivered by the parties thereto on the 2004 Senior Subordinated Note Issuance Date, as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced, pursuant to which the Borrower shall have issued promissory notes in the maximum aggregate principal amount equal to the 2004 Senior Subordinated Note Issuance Amount (such promissory notes being referred to as the “2004 Senior Subordinated Notes”).

 

“2004 Senior Subordinated Note Issuance Amount” shall mean the aggregate principal amount of the notes of the Borrower issued pursuant to the 2004 Senior Subordinated Note Indenture on the 2004 Senior Subordinated Note Issuance Date, provided, that, such amount shall not exceed $200,000,000.

 

“2004 Senior Subordinated Note Issuance Date” shall mean December 14, 2004.

 

“2005 Appraisals” shall mean the FIRREA compliant appraisal of the fee simple interest in each Mortgaged Property, dated February 2005 and performed by Cushman & Wakefield, Inc.

 

“2006 Appraisals” shall have the meaning set forth in Section 4.1(d).

 

“ABL Consolidated EBITDA” shall mean, as to any Person, with respect to any period, an amount equal to: (a) the ABL Consolidated Net Income of such Person and its Subsidiaries for such period determined in accordance with GAAP, plus (b) depreciation, amortization and other non-cash charges (including, but not limited to, imputed interest and deferred compensation) for such period (to the extent deducted in the computation of ABL Consolidated Net Income of such Person), all in accordance with GAAP, plus (c) ABL Interest Expense for such period (to the extent deducted in the computation of ABL Consolidated Net Income of such Person), plus (d) the Provision for Taxes for such period (to the extent deducted in the computation of ABL Consolidated Net Income of such Person).

 

“ABL Consolidated Net Income” shall mean, with respect to any Person for any period, the aggregate of the net income (loss) of such Person and its Subsidiaries for such period (excluding to the extent included therein any extraordinary and/or one time or unusual and non-recurring gains and non-cash extraordinary losses) after deducting all charges which should be deducted before arriving at the net income (loss) for such period and, without duplication, after deducting the Provision for Taxes for such period; provided, that, (a) the net income of any Person that is not a wholly-owned Subsidiary or that is accounted for by the equity method of accounting shall be included only to the extent of the amount of dividends or distributions paid or payable to such Person or a wholly-owned Subsidiary of such Person; (b) except to the extent included pursuant to the foregoing clause, the net income of any Person accrued prior to the date it becomes a wholly-owned Subsidiary of such Person or is merged into or consolidated with such Person or any of its wholly-owned Subsidiaries or that Person’s assets are acquired by such Person or by its wholly-owned Subsidiaries shall be excluded; and (c) the net income (if positive) of any wholly-owned Subsidiary to the extent that the declaration or payment of dividends or similar distributions by such wholly-owned Subsidiary to such Person or to any other wholly-owned subsidiary of such Person is not at the time permitted by operation of the

 

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terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to such wholly-owned Subsidiary shall be excluded. For the purposes of this definition, net income excludes any gain or non-cash loss together with any related Provision for Taxes for any such gain or loss realized upon the sale or other disposition of any assets that are not sold in the ordinary course of business (including, without limitation, dispositions pursuant to sale and leaseback transactions) or of any Capital Stock of such Person or a Subsidiary of such Person and any net income realized or loss incurred as a result of changes in accounting principles or the application thereof to such Person.

 

“ABL Interest Expense” shall mean, for any period, as to any Person, all of the following as determined in accordance with GAAP:  total interest expense, whether paid or accrued during such period (including the interest component of Capital Leases for such period), including, without limitation, all bank fees, commissions, discounts and other fees and charges owed with respect to letters of credit, banker’s acceptances or similar instruments, but excluding (a) amortization of discount and amortization of deferred financing fees paid in cash in connection with the transactions contemplated hereby and (b) any other interest expense not payable in cash.

 

“ABR Default Rate” shall have the meaning set forth in Section 2.5.

 

“Account Designation Letter” shall mean the Account Designation Letter dated as of the Closing Date from the Borrower to the Administrative Agent in substantially the form attached hereto as Schedule 1.1(a).

 

“Additional Credit Party” shall mean each Person that becomes a Guarantor by execution of a Joinder Agreement in accordance with Section 5.10.

 

“Administrative Agent” or “Agent” shall have the meaning set forth in the first paragraph of this Credit Agreement and any successors in such capacity.

 

“Administrative Details Form” shall mean, with respect to any Lender, a document containing such Lender’s contact information for purposes of notices provided under this Credit Agreement and account details for purposes of payments made to such Lender under this Credit Agreement.

 

“Affiliate” shall mean as to any Person, any other Person that, directly or indirectly, is in control of, is controlled by, or is under common control with, such Person. For purposes of this definition, a Person shall be deemed to be “controlled by” a Person if such Person possesses, directly or indirectly, power either (a) to vote 10% or more of the securities having ordinary voting power for the election of directors of such Person or (b) to direct or cause the direction of the management and policies of such Person whether by contract or otherwise.

 

“Agreement” or “Credit Agreement” shall mean this Credit Agreement, as amended, restated, amended and restated, modified or supplemented from time to time in accordance with its terms.

 

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“Allocated Payoff Amount” shall mean, with respect to each Mortgaged Property, the allocated payoff amount set forth with respect to such Mortgaged Property on Schedule 1.1(c) or, with respect to any Property that becomes a Mortgaged Property after the Closing Date, the allocated payoff amount as determined by the Administrative Agent and provided to the Borrower.

 

“Alternate Base Rate” shall mean, for any day, a rate per annum equal to the greater of (a) the Prime Rate in effect on such day and (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1%. For purposes hereof:  “Prime Rate” shall mean, at any time, the rate of interest per annum publicly announced or otherwise identified from time to time by Wachovia at its principal office in Charlotte, North Carolina as its prime rate. The parties hereto acknowledge that the rate announced publicly by Wachovia as its Prime Rate is an index or base rate and shall not necessarily be its lowest or best rate charged to its customers or other banks; and “Federal Funds Effective Rate” shall mean, for any day, the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published on the next succeeding Business Day, the average of the quotations for the day of such transactions received by the Administrative Agent from three federal funds brokers of recognized standing selected by it. If for any reason the Administrative Agent shall have determined (which determination shall be conclusive in the absence of manifest error) that it is unable to ascertain the Federal Funds Effective Rate, for any reason, including the inability or failure of the Administrative Agent to obtain sufficient quotations in accordance with the terms above, the Alternate Base Rate shall be determined without regard to clause (b) of the first sentence of this definition until the circumstances giving rise to such inability no longer exist. Any change in the Alternate Base Rate due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective on the opening of business on the date of such change.

 

“Alternate Base Rate Loan” shall mean that portion of the Term Loan that bears interest at an interest rate based on the Alternate Base Rate.

 

“Applicable Percentage” shall mean (a) for Term Loans that are Alternate Base Rate Loans, 1.75% and (b) for Term Loans that are LIBOR Rate Loans, 2.75%; provided, however, after the financial statements referred to in Section 5.1(a) for the fiscal year ending January 28, 2007 shall have been delivered to the Administrative Agent pursuant to the terms thereof and the Borrower shall have achieved the Senior Leverage Ratio Target as of the fiscal year ending January 28, 2007 or any subsequent fiscal quarter, the Applicable Percentage shall be changed on a permanent basis to 1.50% for Term Loans that are Alternate Base Rate Loans and 2.50% for Term Loans that are LIBOR Rate Loans.

 

“Approved Fund” means any Fund that is administered, managed or underwritten by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender.

 

“Arranger” shall mean Wachovia Capital Markets, LLC, together with its successors and assigns.

 

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“Asset Disposition” shall mean the disposition of any or all of the assets constituting Collateral of any Credit Party or any Subsidiary whether by sale, transfer or otherwise. The term “Asset Disposition” shall not include the sale or transfer of assets permitted by Subsections 6.4(b)(i) through (v).

 

“Assignment and Assumption” means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent of any party whose consent is required by Section 9.6), and accepted by the Administrative Agent, in substantially the form of Schedule 9.6 or any other form approved by the Administrative Agent.

 

“Bankruptcy Code” shall mean the Bankruptcy Code in Title 11 of the United States Code, as amended, modified, succeeded or replaced from time to time.

 

“Bankruptcy Event” shall mean any of the events described in Section 7.1(f).

 

“Borrower” shall have the meaning set forth in the first paragraph of this Credit Agreement.

 

“Business” shall have the meaning set forth in Section 3.10.

 

“Business Day” shall mean a day other than a Saturday, Sunday or other day on which commercial banks in Charlotte, North Carolina or New York, New York are authorized or required by law to close; provided, however, that when used in connection with a rate determination, borrowing or payment in respect of a LIBOR Rate Loan, the term “Business Day” shall also exclude any day on which banks in London, England are not open for dealings in Dollar deposits in the London interbank market.

 

“Capital Lease” shall mean any lease of property, real or personal, the obligations with respect to which are required to be capitalized on a balance sheet of the lessee in accordance with GAAP.

 

“Capital Lease Obligations” shall mean the capitalized lease obligations relating to a Capital Lease determined in accordance with GAAP.

 

“Capital Stock” shall mean (a) in the case of a corporation, capital stock, (b) in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of capital stock, (c) in the case of a partnership, partnership interests (whether general or limited), (d) in the case of a limited liability company, membership interests and (e) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person.

 

“Cash Equivalents” shall mean (a) securities issued or directly and fully guaranteed or insured by the United States of America or any agency or instrumentality thereof (provided that the full faith and credit of the United States of America is pledged in support thereof) having maturities of not more than twelve months from the date of acquisition (“Government

 

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Obligations”), (b) Dollar denominated time deposits, certificates of deposit, Eurodollar time deposits and Eurodollar certificates of deposit of (i) any domestic commercial bank of recognized standing having capital and surplus in excess of $250,000,000 or (ii) any bank whose short-term commercial paper rating from S&P is at least A-1 or the equivalent thereof or from Moody’s is at least P-1 or the equivalent thereof (any such bank being an “Approved Bank”), in each case with maturities of not more than 364 days from the date of acquisition, (c) commercial paper and variable or fixed rate notes issued by any Approved Bank (or by the parent company thereof) or any variable rate notes issued by, or guaranteed by any domestic corporation rated A-1 (or the equivalent thereof) or better by S&P or P-1 (or the equivalent thereof) or better by Moody’s and maturing within six months of the date of acquisition, (d) repurchase agreements with a bank or trust company (including a Lender) or a recognized securities dealer having capital and surplus in excess of $500,000,000 for direct obligations issued by or fully guaranteed by the United States of America, (e) obligations of any State of the United States or any political subdivision thereof for the payment of the principal and redemption price of and interest on which there shall have been irrevocably deposited Government Obligations maturing as to principal and interest at times and in amounts sufficient to provide such payment, and (f) auction preferred stock rated in the highest short-term credit rating category by S&P or Moody’s.

 

“Casualty” shall have the meaning set forth in Section 5.14.

 

“Change of Control” shall mean at any time the occurrence of any of the following events: (a) any “person” or “group” (as such terms are used in Section 13(d) and 14(d) of the Exchange Act), is or becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act, except that a person shall be deemed to have “beneficial ownership” of all securities that such person has the right to acquire, whether such right is exercisable immediately or only after the passage of time), directly or indirectly, of 50% or more of the then outstanding Voting Stock of the Borrower; or (b) the replacement of a majority of the Board of Directors of the Borrower over a two-year period from the directors who constituted the Board of Directors at the beginning of such period, and such replacement shall not have been approved by a vote of at least a majority of the Board of Directors of the Borrower then still in office who either were members of such Board of Directors at the beginning of such period or whose election as a member of such Board of Directors was previously so approved.

 

“Closing Date” shall mean the date of this Credit Agreement.

 

“Code” shall mean the Internal Revenue Code of 1986, as amended from time to time.

 

“Collateral” shall mean a collective reference to the Mortgaged Properties and any other collateral which is identified in, and at any time will be covered by the Security Documents and any other property or assets of a Credit Party that may from time to time secure the Credit Party Obligations.

 

“Collateral Value” means, as of any date of determination with respect to any Properties then constituting Collateral, the fee simple fair market value, based on the 2005 Appraisals, the 2006 Appraisals or such later appraisals as required by this Agreement, as applicable, of such

 

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Properties as set forth in and calculated in accordance with the Collateral Value Report most recently delivered to the Administrative Agent.

 

“Collateral Value Report” means, a report demonstrating the fee simple fair market value of the Collateral as more specifically set forth on Schedule 5.2(a)(ii).

 

“Commonly Controlled Entity” shall mean an entity, whether or not incorporated, which is under common control with the Borrower within the meaning of Section 4001 of ERISA or is part of a group that includes the Borrower and that is treated as a single employer under Section 414 of the Code.

 

“Condemnation” shall mean a temporary or permanent taking by any Governmental Authority as the result, in lieu or in anticipation, of the exercise of the right of condemnation or eminent domain, of all or any part of any Mortgaged Property, or any interest therein or right accruing thereto, including any right of access thereto or any change of grade affecting such Mortgaged Property or any part thereof.

 

“Consolidated” shall mean, when used with reference to financial statements or financial statement items of the Credit Parties and their Subsidiaries or any other Person, such statements or items on a consolidated basis in accordance with the consolidation principles of GAAP.

 

“Consolidated Cash Flow Available for Fixed Charges” for any period means the Consolidated Net Income for such period increased by the sum of (to the extent deducted in determining Consolidated Net Income):

 

(1)                                        Consolidated Interest Expense for such period; plus

 

(2)                                        the Consolidated amount of interest capitalized by the Credit Parties and their Subsidiaries during such period; plus

 

(3)                                        Consolidated Income Tax Expense for such period; plus

 

(4)                                        the Consolidated depreciation and amortization expense included in the income statement of the Credit Parties and their Subsidiaries for such period; plus

 

(5)                                        other non-cash expenses (excluding any such non-cash expense to the extent that it represents an accrual of or reserve for cash expenses in any future period or amortization of a prepaid cash expense that was paid in a prior period) included in the income statement of the Credit Parties and their Subsidiaries for such period; minus

 

(6)                                        non-cash items increasing Consolidated Net Income for such period, other than items that were accrued in the ordinary course of business;

 

provided, however, that there shall be excluded therefrom the Consolidated Cash Flow Available for Fixed Charges (if positive) of the Insurance Subsidiary (calculated

 

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separately for such Subsidiary in the same manner as provided above for the Credit Parties) that is subject to a restriction which prevents the payment of dividends or the making of distributions to the Borrower or a Guarantor to the extent of such restriction.

 

“Consolidated Cash Flow Coverage Ratio” as of any date of determination means the ratio of:

 

(1)                                        Consolidated Cash Flow Available for Fixed Charges for the period of the most recently completed four consecutive fiscal quarters for which quarterly or annual financial statements are available to

 

(2)                                        Consolidated Fixed Charges for such period;

 

provided, however, that Consolidated Fixed Charges shall be adjusted to give effect on a pro forma basis to any Indebtedness that has been incurred by any Credit Party or any Subsidiary thereof since the end of such period that remains outstanding and to any Indebtedness that is proposed to be Incurred by any Credit Party or any Subsidiary thereof as if in each case such Indebtedness had been Incurred on the first day of such period and as if any Indebtedness that is or will no longer be outstanding as the result of the incurrence of any such Indebtedness had not been outstanding as of the first day of such period; provided, however, that in making such computation, the Consolidated Interest Expense attributable to interest on any proposed Indebtedness bearing a floating interest rate shall be computed on a pro forma basis as if the rate in effect on the date of computation had been the applicable rate for the entire period; and provided further that, in the event any Credit Party or any Subsidiary thereof has made Asset Dispositions or acquisitions of assets not in the ordinary course of business (including acquisitions of other Persons by merger, consolidation or purchase of Capital Stock) during or after such period, such computation shall be made on a pro forma basis as if the Asset Dispositions or acquisitions had taken place on the first day of such period.

 

“Consolidated EBITDA” shall mean, as of any date of determination for the four quarter period ending on such date, (a) Consolidated Net Income for such period plus (b) the sum of the following to the extent deducted in calculating Consolidated Net Income: (i) Consolidated Interest Expense for such period, (ii) tax expense (including, without limitation, any federal, state, local and foreign income and similar taxes) of the Credit Parties and their Subsidiaries for such period, (iii) depreciation and amortization expense of the Credit Parties and their Subsidiaries for such period, and (iv) other non-cash charges (excluding reserves for future cash charges) of the Credit Parties and their Subsidiaries for such period, minus (c) non-cash charges previously added back to Consolidated Net Income in determining Consolidated EBITDA to the extent such non-cash charges have become cash charges during such period minus (d) any other non-recurring cash or non-cash gains during such period.

 

“Consolidated Fixed Charges” for any period means the sum of:

 

(1)                                        Consolidated Interest Expense and

 

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(2)                                        the Consolidated amount of interest capitalized by the Credit Parties and their Subsidiaries during such period.

 

“Consolidated Income Tax Expense” for any period means the Consolidated Provision for Taxes of the Credit Parties and their Subsidiaries for such period calculated.

 

“Consolidated Interest Expense” means for any period the Consolidated interest expense included in a Consolidated income statement (without deduction of interest income) of the Credit Parties and their Subsidiaries for such period calculated, including without limitation or duplication (or, to the extent not so included, with the addition of):

 

(1)                                        the amortization of Indebtedness discounts;

 

(2)        any payments or fees with respect to letters of credit, bankers’ acceptances or similar facilities;

 

(3)        net fees with respect to interest rate swap or similar agreements or foreign currency hedge, exchange or similar agreements;

 

(4)        Preferred Stock dividends of the Credit Parties and their Subsidiaries (other than with respect to Redeemable Stock) declared and paid or payable;

 

(5)        accrued Redeemable Stock dividends of the Credit Parties and their Subsidiaries, whether or not declared or paid;

 

(6)         interest on Indebtedness guaranteed by the Credit Parties and their Subsidiaries; and

 

(7)                                        the portion of rental expense deemed to be representative of the interest factor attributable to Capital Lease Obligations.

 

“Consolidated Net Income” for any period means the Consolidated net income (or loss) of the Credit Parties and their Subsidiaries for such period; provided that there shall be excluded therefrom:

 

(1)                                        the net income (or loss) of any Person acquired by the Borrower or a Guarantor in a pooling-of-interests transaction for any period prior to the date of such transaction;

 

(2)                                        the net income (or loss) of any Person that is not a Guarantor except to the extent of the amount of dividends or other distributions actually paid to the Borrower or a Guarantor by such Person during such period;

 

(3)                                        gains or losses on Asset Dispositions by the Credit Parties and their Subsidiaries;

 

(4)                                        all extraordinary gains and extraordinary losses;

 

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(5)                                        gains or losses from the early retirement or extinguishment of Indebtedness;

 

(6)                                        the cumulative effect of changes in accounting principles;

 

(7)                                        non-cash gains or losses resulting from fluctuations in currency exchange rates; and

 

(8)                                        the tax effect of any of the items described in clauses (1) through (6) above;

 

provided, further, that there shall further be excluded therefrom the net income (but not net loss) of the Insurance Subsidiary if it is subject to a restriction which prevents the payment of dividends or the making of distributions to the Borrower or a Guarantor to the extent of such restriction.

 

“Contractual Obligation” shall mean, as to any Person, any provision of any security issued by such Person or of any contract, agreement, instrument or undertaking to which such Person is a party or by which it or any of its property is bound.

 

“Convertible Senior Notes” shall mean the Borrower’s 4.25% Convertible Senior Notes due June 1, 2007, issued pursuant to the 2002 Senior Note Indenture.

 

“Copyright Licenses” shall mean any agreement, whether written or oral, providing for the grant by or to a Person of any right under any Copyright.

 

“Copyrights” shall mean all copyrights of the Credit Parties and their Subsidiaries in all works, now existing or hereafter created or acquired, all registrations and recordings thereof, and all applications in connection therewith, whether in the United States Copyright Office or in any similar office or agency of the United States, any state thereof or any other country or any political subdivision thereof, or otherwise.

 

“Credit Documents” shall mean this Credit Agreement, each of the Term Notes, any Joinder Agreement, and the Security Documents and all other agreements, documents, certificates and instruments delivered to the Administrative Agent or any Lender by any Credit Party in connection therewith (other than any agreement, document, certificate or instrument related to a Hedging Agreement).

 

“Credit Party” shall mean any of the Borrower or the Guarantors.

 

“Credit Party Obligations” shall mean, without duplication, (a) all of the obligations, Indebtedness and liabilities of the Credit Parties to the Lenders and the Administrative Agent, whenever arising, under this Credit Agreement, the Term Notes or any of the other Credit Documents, including principal, interest, fees, reimbursements and indemnification obligations and other amounts (including, but not limited to, any interest accruing after the occurrence of a filing of a petition of bankruptcy under the Bankruptcy Code with respect to any Credit Party, regardless of whether such interest is an allowed claim under the Bankruptcy Code) and (b) all

 

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liabilities and obligations, whenever arising, owing from any Credit Party or any of their Subsidiaries to any Hedging Agreement Provider arising under any Secured Hedging Agreement.

 

“Debt Rating” means, as of any date of determination, the rating as determined by either S&P or Moody’s, as applicable, of the Borrower’s non-credit enhanced, senior secured long term debt evidenced by the Credit Documents.

 

“Default” shall mean any of the events specified in Section 7.1, whether or not any requirement for the giving of notice or the lapse of time, or both, or any other condition, has been satisfied.

 

“Dollars” and “$” shall mean dollars in lawful currency of the United States of America.

 

“Domestic Lending Office” shall mean, initially, the office of each Lender designated as such Lender’s Domestic Lending Office shown in such Lender’s Administrative Details Form; and thereafter, such other office of such Lender as such Lender may from time to time specify to the Administrative Agent and the Borrower as the office of such Lender at which Alternate Base Rate Loan of such Lender are to be made.

 

“Domestic Subsidiary” shall mean any Subsidiary that is organized and existing under the laws of the United States or any state or commonwealth thereof or under the laws of the District of Columbia.

 

“Eligible Assignee” means (a) a Lender, (b) an Affiliate of a Lender, (c) an Approved Fund, and (d) any other Person (other than a natural person) approved by (i) the Administrative Agent, (ii) unless an Event of Default has occurred and is continuing, the Borrower (each such approval not to be unreasonably withheld or delayed); provided that notwithstanding the foregoing, “Eligible Assignee” shall not include the Borrower or any of the Borrower’s Affiliates or Subsidiaries.

 

“Engagement Letter” shall mean the letter agreement dated September 1, 2006, addressed to the Borrower from Wachovia and the Arranger, as amended, modified or otherwise supplemented.

 

“Environmental Laws” shall mean any and all applicable foreign, federal, state, local or municipal laws, rules, orders, regulations, statutes, ordinances, codes, decrees, requirements of any Governmental Authority or other Requirement of Law (including common law) regulating, relating to or imposing liability or standards of conduct concerning protection of human health or the environment, as now or may at any time be in effect during the term of this Credit Agreement.

 

“Environmental Permits” shall mean any and all permits, licenses, approvals, registrations, notifications, exemptions and other authorizations under or pursuant to any Environmental Law.

 

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“ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended from time to time.

 

“Eurodollar Reserve Percentage” shall mean for any day, the percentage (expressed as a decimal and rounded upwards, if necessary, to the next higher 1/100th of 1%) which is in effect for such day as prescribed by the Federal Reserve Board (or any successor) for determining the maximum reserve requirement (including without limitation any basic, supplemental or emergency reserves) in respect of Eurocurrency liabilities, as defined in Regulation D of such Board as in effect from time to time, or any similar category of liabilities for a member bank of the Federal Reserve System in New York City.

 

“Event of Default” shall mean any of the events specified in Section 7.1; provided, however, that any requirement for the giving of notice or the lapse of time, or both, or any other condition, has been satisfied.

 

“Excess Availability” shall mean, as of any date of determination, the amount the Borrower is entitled to borrow on such date under the Revolving Credit Agreement in accordance with the terms thereof or the amount of cash on the balance sheet of the Borrower.

 

“Excluded Taxes” means, with respect to the Administrative Agent, any Lender, or any other recipient of any payment to be made by or on account of any obligation of the Borrower hereunder, (a) taxes imposed on or measured by its overall net income (however denominated), and franchise taxes imposed on it (in lieu of net income taxes), by the jurisdiction (or any political subdivision thereof) under the laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender, in which its applicable lending office is located, (b) any branch profits taxes imposed by the United States of America or any similar tax imposed by any other jurisdiction in which the Borrower is located and (c) in the case of a Foreign Lender, any withholding tax that is imposed on amounts payable to such Foreign Lender at the time such Foreign Lender becomes a party hereto (or designates a new lending office) or is attributable to such Foreign Lender’s failure or inability to comply with Section 2.14, except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time of designation of a new lending office (or assignment), to receive additional amounts from the Borrower with respect to such withholding tax pursuant to Section 2.14.

 

“Existing Credit Agreement” shall have the meaning set forth in the preamble hereto.

 

“Federal Funds Effective Rate” shall have the meaning set forth in the definition of “Alternate Base Rate”.

 

“FIRREA” shall mean the Financial Institutions Reform, Recovery & Enforcement Act of 1989, as amended from time to time.

 

“Fixtures” shall have the meaning set forth in the granting clause of the related Mortgage Instrument with respect to each Mortgaged Property.

 

“Flexi-Trust” shall mean the Trust established pursuant to the Flexi-Trust Agreement.

 

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“Flexi-Trust Agreement” shall mean the Trust Agreement, effective as of April 29, 1994, between Pep Boys and Wachovia Bank, National Association, as Trustee, as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced.

 

“Flood Hazard Property” an area designated by the Federal Emergency Management Agency as having special flood or mud slide hazards.

 

“Foreign Lender” means any Lender that is organized under the laws of a jurisdiction other than that in which the Borrower is resident for tax purposes. For purposes of this definition, the United States of America, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction.

 

“Fund” means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business.

 

“Funded Debt” shall mean, with respect to any Person, without duplication, (a) all obligations of such Person for borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, or upon which interest payments are customarily made, (c) all obligations of such Person under conditional sale or other title retention agreements relating to property purchased by such Person (other than customary reservations or retentions of title under agreements with suppliers entered into in the ordinary course of business), (d) all obligations (including, without limitation, earnout obligations) of such Person incurred, issued or assumed as the deferred purchase price of property or services purchased by such Person (other than trade debt incurred in the ordinary course of business and not more than 90 days overdue) which would appear as liabilities on a balance sheet of such Person, (e) the principal portion of all obligations of such Person under Capital Leases, (f) the maximum amount of all letters of credit issued or bankers’ acceptances facilities created for the account of such Person and, without duplication, all drafts drawn thereunder (to the extent unreimbursed), (g) all preferred Capital Stock issued by such Person and which by the terms thereof could be (at the request of the holders thereof or otherwise) subject to mandatory sinking fund payments, redemption or other acceleration, (h) the principal balance outstanding under any synthetic lease, tax retention operating lease, off-balance sheet loan or similar off-balance sheet financing product, (i) all obligations of such Person under Hedging Agreements, excluding any portion thereof which would be accounted for as interest expense under GAAP, (j) all Indebtedness of others of the type described in clauses (a) through (i) hereof secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on, or payable out of the proceeds of production from, property owned or acquired by such Person, whether or not the obligations secured thereby have been assumed, (k) all Guaranty Obligations of such Person with respect to Indebtedness of another Person of the type described in clauses (a) through (i) hereof, and (l) all Indebtedness of the type described in clauses (a) through (i) hereof of any partnership or unincorporated joint venture in which such Person is a general partner or a joint venturer.

 

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“GAAP” shall mean generally accepted accounting principles in effect in the United States of America applied on a consistent basis; subject, however, in the case of determination of compliance with the financial covenant set out in Section 5.9, to the provisions of Section 1.3.

 

“Governmental Authority” shall mean any nation or government, any state or other political subdivision thereof and any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government.

 

“Guarantor” shall have the meaning set forth in the first paragraph of this Credit Agreement.

 

“Guaranty” shall mean the guaranty of the Guarantors set forth in Article X.

 

“Guaranty Obligations” shall mean, with respect to any Person, without duplication, any obligations of such Person (other than endorsements in the ordinary course of business of negotiable instruments for deposit or collection) guaranteeing or intended to guarantee any Indebtedness of any other Person in any manner, whether direct or indirect, and including without limitation any obligation, whether or not contingent, (a) to purchase any such Indebtedness or any property constituting security therefor, (b) to advance or provide funds or other support for the payment or purchase of any such Indebtedness or to maintain working capital, solvency or other balance sheet condition of such other Person (including without limitation keep well agreements, maintenance agreements, comfort letters or similar agreements or arrangements) for the benefit of any holder of Indebtedness of such other Person, (c) to lease or purchase property, securities or services primarily for the purpose of assuring the holder of such Indebtedness, or (d) to otherwise assure or hold harmless the holder of such Indebtedness against loss in respect thereof. The amount of any Guaranty Obligation hereunder shall (subject to any limitations set forth therein) be deemed to be an amount equal to the outstanding principal amount (or maximum principal amount, if larger) of the Indebtedness in respect of which such Guaranty Obligation is made.

 

“Hedging Agreement Provider” shall mean any Person that enters into a Secured Hedging Agreement with a Credit Party or any of its Subsidiaries that is permitted by Section 6.1(d)(i) to the extent such Person is a Lender, an Affiliate of a Lender or any other Person that was a Lender (or an Affiliate of a Lender) at the time it entered into the Secured Hedging Agreement but has ceased to be a Lender (or whose Affiliate has ceased to be a Lender) under the Credit Agreement.

 

“Hedging Agreements” shall mean, with respect to any Person, any agreement entered into to protect such Person against fluctuations in interest rates, or currency or raw materials values, including, without limitation, any interest rate swap, cap or collar agreement or similar arrangement between such Person and one or more counterparties, any foreign currency exchange agreement, currency protection agreements, commodity purchase or option agreements or other interest or exchange rate hedging agreements.

 

“Improvements” shall have the meaning set forth in the granting clause of the related Mortgage Instrument with respect to each Mortgaged Property.

 

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“Indebtedness” shall mean, with respect to any Person, without duplication, (a) all obligations of such Person for borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, or upon which interest payments are customarily made, (c) all obligations of such Person under conditional sale or other title retention agreements relating to property purchased by such Person (other than customary reservations or retentions of title under agreements with suppliers entered into in the ordinary course of business), (d) all obligations (including, without limitation, earnout obligations) of such Person incurred, issued or assumed as the deferred purchase price of property or services purchased by such Person (other than trade debt incurred in the ordinary course of business and not more than 90 days overdue) which would appear as liabilities on a balance sheet of such Person, (e) all obligations of such Person under take-or-pay or similar arrangements or under commodities agreements, (f) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on, or payable out of the proceeds of production from, property owned or acquired by such Person, whether or not the obligations secured thereby have been assumed, (g) all Guaranty Obligations of such Person with respect to Indebtedness of another Person, (h) the principal portion of all Capital Lease Obligations of such Person, (i) all obligations of such Person under Hedging Agreements, excluding any portion thereof which would be accounted for as interest expense under GAAP, (j) the maximum amount of all letters of credit issued or bankers’ acceptances facilities created for the account of such Person and, without duplication, all drafts drawn thereunder (to the extent unreimbursed), (k) all preferred Capital Stock issued by such Person and which by the terms thereof could be (at the request of the holders thereof or otherwise) subject to mandatory sinking fund payments, redemption or other acceleration, (l) the Indebtedness of any partnership or unincorporated joint venture in which such Person is a general partner or a joint venturer and (m) obligations of such Person under non-compete agreements. Any funds borrowed by the Borrower against the cash surrender value of any “key-man” insurance policies (and which do not exceed such cash surrender value), which is not treated as indebtedness under GAAP shall not be deemed to be Indebtedness for purposes of this Agreement.

 

“Indemnified Taxes” means Taxes other than Excluded Taxes.

 

“Insolvency” shall mean, with respect to any Multiemployer Plan, the condition that such Plan is insolvent within the meaning of such term as used in Section 4245 of ERISA.

 

“Insurance Subsidiary” shall mean Colchester Insurance Company, a Vermont insurance corporation, and its successors and assigns.

 

“Intellectual Property” shall mean the Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks and Trademark Licenses of the Credit Parties and their Subsidiaries, all goodwill associated therewith and all rights to sue for infringement thereof.

 

“Interest Payment Date” shall mean (a) as to any Alternate Base Rate Loan, the last day of each March, June, September and December and on the Maturity Date, (b) as to any LIBOR Rate Loan having an Interest Period of three months or less, the last day of such Interest Period, (c) as to any LIBOR Rate Loan having an Interest Period longer than three months, (i) each three

 

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(3) month anniversary following the first day of such Interest Period and (ii) the last day of such Interest Period and (d) as to any Term Loan which is the subject of a mandatory prepayment required pursuant to Section 2.4(b), the date on which such mandatory prepayment is due.

 

“Interest Period” shall mean, with respect to any LIBOR Rate Loan,

 

(a)                                  initially, the period commencing on the Closing Date or conversion date, as the case may be, with respect to such LIBOR Rate Loan and ending one, two, three or six months thereafter, subject to availability to all Lenders, as selected by the Borrower in the Notice of Conversion given with respect thereto; and

 

(b)                                 thereafter, each period commencing on the last day of the immediately preceding Interest Period applicable to such LIBOR Rate Loan and ending one, two, three or six months thereafter, subject to availability to all Lenders, as selected by the Borrower by irrevocable notice to the Administrative Agent not less than three Business Days prior to the last day of the then current Interest Period with respect thereto; provided that the foregoing provisions are subject to the following:

 

(i)                                     if any Interest Period pertaining to a LIBOR Rate Loan would otherwise end on a day that is not a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless the result of such extension would be to carry such Interest Period into another calendar month in which event such Interest Period shall end on the immediately preceding Business Day;

 

(ii)                                  any Interest Period pertaining to a LIBOR Rate Loan that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the relevant calendar month;

 

(iii)                               if the Borrower shall fail to give notice as provided above, the Borrower shall be deemed to have selected an Alternate Base Rate Loan to replace the affected LIBOR Rate Loan;

 

(iv)                              no Interest Period shall extend beyond the Maturity Date and, further, no Interest Period shall extend beyond any principal amortization payment date with respect to the Term Loan unless the portion of the Term Loan consisting of Alternate Base Rate Loans together with the portion of the Term Loan consisting of LIBOR Rate Loans with Interest Periods expiring prior to or concurrently with the date such principal amortization payment date is due, is at least equal to the amount of such principal amortization payment due on such date; and

 

(v)                                 no more than three (3) LIBOR Rate Loans may be in effect at any time. For purposes hereof, LIBOR Rate Loans with different Interest Periods shall be considered as separate LIBOR Rate Loans, even if they shall begin on the same date, although borrowings, extensions and conversions may, in accordance

 

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with the provisions hereof, be combined at the end of existing Interest Periods to constitute a new LIBOR Rate Loan with a single Interest Period.

 

“Investment” shall mean (a) the acquisition (whether for cash, property, services, assumption of Indebtedness, securities or otherwise) of shares of Capital Stock, other ownership interests or other securities of any Person or bonds, notes, debentures or all or substantially all of the assets of any Person or (b) any deposit with, or advance, loan or other extension of credit to, any Person (other than deposits made in the ordinary course of business) or (c) any other capital contribution to or investment in any Person, including, without limitation, any Guaranty Obligation (including any support for a letter of credit issued on behalf of such Person) incurred for the benefit of such Person.

 

“Joinder Agreement” shall mean a Joinder Agreement in substantially the form of Schedule 5.10, executed and delivered by an Additional Credit Party in accordance with the provisions of Section 5.10.

 

“Lender” shall have the meaning set forth in the first paragraph of this Credit Agreement.

 

“Lender Commitment Letter” shall mean, with respect to any Lender, the letter (or other correspondence) to such Lender from the Administrative Agent notifying such Lender of its Term Loan Commitment Percentage.

 

“LIBOR” shall mean, for any LIBOR Rate Loan for any Interest Period therefor, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Telerate Page 3750 (or any successor page) as the London interbank offered rate for deposits in Dollars at approximately 11:00 A.M. (London time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period. If for any reason such rate is not available, the term “LIBOR” shall mean, for any LIBOR Rate Loan for any Interest Period therefor, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Reuters Screen LIBO Page as the London interbank offered rate for deposits in Dollars at approximately 11:00 A.M. (London time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period; provided, however, if more than one rate is specified on Reuters Screen LIBO Page, the applicable rate shall be the arithmetic mean of all such rates (rounded upwards, if necessary, to the nearest 1/100 of 1%). If, for any reason, neither of such rates is available, then “LIBOR” shall mean the rate per annum at which, as determined by the Administrative Agent, Dollars in an amount comparable to the Term Loans then requested are being offered to leading banks at approximately 11:00 A.M. London time, two (2) Business Days prior to the commencement of the applicable Interest Period for settlement in immediately available funds by leading banks in the London interbank market for a period equal to the Interest Period selected.

 

“LIBOR Lending Office” shall mean, initially, the office of each Lender designated as such Lender’s LIBOR Lending Office in such Lender’s Administrative Details Form; and thereafter, such other office of such Lender as such Lender may from time to time specify to the Administrative Agent and the Borrower as the office of such Lender at which the LIBOR Rate Loan of such Lender are to be made.

 

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“LIBOR Rate” shall mean a rate per annum (rounded upwards, if necessary, to the next higher 1/100th of 1%) determined by the Administrative Agent pursuant to the following formula:

 

	
 
    	
LIBOR Rate =
    	
LIBOR
    	
 
    
	
 
    	
 
    	
1.00 - Eurodollar Reserve Percentage
    	
 
    

 

“LIBOR Rate Loan” shall mean that portion of the Term Loan the rate of interest applicable to which is based on the LIBOR Rate.

 

“Lien” shall mean any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge or other security interest or any preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including, without limitation, any conditional sale or other title retention agreement and any Capital Lease having substantially the same economic effect as any of the foregoing).

 

“Maintenance Reversion Date” shall mean the date that Excess Availability has been greater than $75,000,000 for thirty (30) consecutive days.

 

“Mass Appraisal” shall mean an appraisal wherein the value conclusion for each Mortgaged Property is determined by adjusting the values from the 2005 Appraisals and the 2006 Appraisals for changes in market conditions as determined by extrapolating the values based on the full narrative appraised values on a representative sample of Mortgaged Properties.

 

“Material Adverse Effect” shall mean a material adverse effect on (a) the business, operations, property, assets or financial condition of the Borrower or of the Credit Parties and their Subsidiaries taken as a whole, (b) the ability of the Borrower or any Guarantor to perform its obligations, when such obligations are required to be performed, under this Credit Agreement, any of the Term Notes or any other Credit Document, (c) the validity or enforceability of this Credit Agreement, any of the Term Notes or any of the other Credit Documents or the rights or remedies of the Administrative Agent or the Lenders hereunder or thereunder or (d) the economic value, useful life, utility, condition, operational capacity or functional capacity of the Mortgaged Properties taken as a whole.

 

“Material Contract” shall mean (a) any contract or other agreement listed on Schedule 3.24, (b) any contract or other agreement, written or oral, of the Credit Parties or any of their Subsidiaries involving monetary liability of or to any such Person in an amount in excess of $20,000,000 per annum, (c) any contract or other agreement, written or oral, of the Credit Parties or any of their Subsidiaries representing at least $20,000,000 of the total Consolidated revenues of the Credit Parties and their Subsidiaries for any fiscal year or (d) any other contract, agreement, permit or license, written or oral, of the Credit Parties or any of their Subsidiaries as to which the breach, nonperformance, cancellation of failure to renew by any party thereto, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.

 

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“Materials of Environmental Concern” shall mean any gasoline or petroleum (including crude oil or any fraction thereof) or petroleum products or any hazardous or toxic substances, materials or wastes, defined or regulated as such in or under any Environmental Law, including, without limitation, asbestos, perchlorate, polychlorinated biphenyls and urea-formaldehyde insulation.

 

“Maturity Date” shall mean the date that is seven (7) years following the Closing Date.

 

“Minimum EBITDA Maintenance Event” shall mean the period commencing the end of any month during which Excess Availability is at anytime less than $50,000,000 and ending on a Maintenance Reversion Date.

 

“Moody’s” shall mean Moody’s Investors Service, Inc.

 

“Mortgage Instrument” shall mean any mortgage, deed of trust, or deed to secure debt or any amendment to mortgage, deed of trust or deed to secure debt executed by a Credit Party in favor of the Administrative Agent pursuant to the terms of Section 4.1(d)(iii) or 5.12, as the same may be amended, modified, restated, amended and restated or supplemented from time to time.

 

“Mortgage Title Insurance Policy” shall mean, with respect to any Mortgage Instrument, an ALTA mortgagee title insurance policy issued by a title insurance company (the “Title Insurance Company”) selected by the Administrative Agent in an amount satisfactory to the Administrative Agent, in form and substance satisfactory to the Administrative Agent.

 

“Mortgaged Property” shall mean any owned real property of a Credit Party with respect to which such Credit Party executes a Mortgage Instrument in favor of the Administrative Agent.

 

“Mortgaged Property MAE” shall mean a material adverse effect on (a) the business, operations, property, assets or financial condition of the Borrower or of the Credit Parties and their Subsidiaries taken as a whole, (b) the ability of the Borrower or any Guarantor to perform its obligations, when such obligations are required to be performed, under this Credit Agreement, any of the Term Notes or any other Credit Document, (c) the validity or enforceability of this Credit Agreement, any of the Term Notes or any of the other Credit Documents or the rights or remedies of the Administrative Agent or the Lenders hereunder or thereunder or (d) the economic value, useful life, utility, condition, operational capacity or functional capacity of any Mortgaged Property.

 

“Multiemployer Plan” shall mean a Plan that is a multiemployer plan as defined in Section 4001(a)(3) of ERISA.

 

“Net Cash Proceeds” shall mean the aggregate cash proceeds received by any Credit Party or any Subsidiary in respect of any Asset Disposition or Recovery Event, net of (a) direct costs (including, without limitation, legal, accounting and investment banking fees, and sales commissions) associated therewith, (b) amounts held in escrow to be applied as part of the purchase price of any Asset Disposition and (c) taxes paid or payable as a result thereof, it being understood that “Net Cash Proceeds” shall include, without limitation, any cash received upon

 

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the sale or other disposition of any non-cash consideration received by any Credit Party or any Subsidiary in any Asset Disposition or Recovery Event and any cash released from escrow as part of the purchase price in connection with any Asset Disposition.

 

“Notice of Conversion/Extension” shall mean the written notice of conversion of a LIBOR Rate Loan to an Alternate Base Rate Loan or an Alternate Base Rate Loan to a LIBOR Rate Loan, or extension of a LIBOR Rate Loan, in each case substantially in the form of Schedule 2.6.

 

“O&M Plans” shall mean each of the Operations and Maintenance Program Reports listed on Schedule 5.5(c).

 

“Obligations” shall mean, collectively, the Term Loans and all other obligations of the Credit Parties to the Administrative Agent and the Lenders under the Credit Documents.

 

“OFAC” shall mean the U.S. Department of the Treasury’s Office of Foreign Assets Control.

 

“Operating Lease” shall mean, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is the lessor.

 

“Other Taxes” means all present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made hereunder or under any other Credit Document or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Credit Document.

 

“Participant” has the meaning assigned to such term in clause (d) of Section 9.6.

 

“Patent Licenses” shall mean all agreements, whether written or oral, providing for the grant by or to a Person of any right to manufacture, use or sell any invention covered by a Patent.

 

“Patents” shall mean all letters patent of the United States or any other country, now existing or hereafter arising, and all improvement patents, reissues, reexaminations, patents of additions, renewals and extensions thereof, and all applications for letters patent of the United States or any other country, now existing or hereafter arising, and all provisionals, divisions, continuations and continuations-in-part and substitutes thereof.

 

“PBGC” shall mean the Pension Benefit Guaranty Corporation established pursuant to Subtitle A of Title IV of ERISA.

 

“Pep Boys Subordinated Indentures” shall mean, collectively, the following (as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced): (i) the 2004 Senior Subordinated Note Indenture and (ii) all agreements, documents and instruments executed and/or delivered in connection with the foregoing.

 

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“Permitted Liens” shall mean:

 

(a)                                  Liens created by or otherwise existing under or in connection with this Credit Agreement or the other Credit Documents in favor of the Lenders;

 

(b)                                 Liens in favor of a Hedging Agreement Provider in connection with any Secured Hedging Agreement, but only if such Hedging Agreement Provider and the Administrative Agent, on behalf of the Lenders, shall share pari  passu in the collateral subject to such Liens;

 

(c)                                  Liens for taxes, assessments, charges or other governmental levies not yet delinquent, if any, related thereto has not expired or which are being contested in good faith by appropriate proceedings; provided that (i) adequate reserves with respect thereto are maintained on the books of the Borrower or its Subsidiaries, as the case may be, in conformity with GAAP (or, in the case of Subsidiaries with significant operations outside of the United States of America, generally accepted accounting principles in effect from time to time in their respective jurisdictions of incorporation) and (ii) to the extent such Lien affects a Mortgaged Property, no forfeiture or other enforcement action shall have been commenced with respect to such Mortgaged Property;

 

(d)                                 carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising in the ordinary course of business which are not overdue for a period of more than 60 days or which are being contested in good faith by appropriate proceedings; provided that a reserve or other appropriate provision shall have been made therefore and the aggregate amount of such Liens is less than $100,000;

 

(e)                                  pledges or deposits in connection with workers’ compensation, unemployment insurance and other social security legislation and deposits securing liability to insurance carriers under insurance or self-insurance arrangements in an aggregate amount not to exceed $500,000;

 

(f)                                    deposits to secure the performance of bids, trade contracts, (other than for borrowed money), leases, statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business;

 

(g)                                 Liens on assets and properties (other than Mortgaged Properties) securing Indebtedness permitted pursuant to Section 6.1(b), (d)(ii), (e) and (f);

 

(h)                                 any extension, renewal or replacement (or successive extensions, renewals or replacements), in whole or in part, of any Lien referred to in the foregoing clauses; provided that such extension, renewal or replacement Lien shall be limited to all or a part of the property which secured the Lien so extended, renewed or replaced (plus improvements on such property);

 

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(i)            Liens existing on the Closing Date and set forth on Schedule 1.1(b) provided that no such Lien shall at any time be extended to cover Collateral;

 

(j)            easements, encroachments, rights-of-way, zoning restrictions, minor defects or irregularities in title and other similar encumbrances not interfering in any material respect with the value or use of the property to which such Lien is attached; and

 

(k)           Liens arising from precautionary UCC financing statements.

 

“Person” shall mean an individual, partnership, corporation, limited liability company, business trust, joint stock company, trust, unincorporated association, joint venture, Governmental Authority or other entity of whatever nature.

 

“Plan” shall mean, as of any date of determination, any employee benefit plan which is covered by Title IV of ERISA and in respect of which any Credit Party or a Commonly Controlled Entity is (or, if such plan were terminated at such time, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA.

 

“Prime Rate” shall have the meaning set forth in the definition of Alternate Base Rate.

 

“Pro Forma Basis” shall mean, with respect to any transaction, that such transaction shall be deemed to have occurred as of the first day of the twelve-month period ending as of the most recent quarter end preceding the date of such transaction for which financial information applicable to the transaction is available.

 

“Properties” shall have the meaning set forth in Section 3.10(a).

 

“Provision for Taxes” shall mean an amount equal to all taxes imposed on or measured by net income, whether Federal, State, Provincial, county or local, and whether foreign or domestic, that are paid or payable by any Person in respect of any period in accordance with GAAP.

 

“REA” shall mean any construction, operation and reciprocal easement agreement, common area maintenance agreement or similar agreement (including any separate agreement or other agreement between a Credit Party and one or more other parties to a REA with respect to such REA) affecting any Mortgaged Property or portion thereof.

 

“Reappraisal Date” shall have the meaning set forth in Section 5.12(d).

 

“Recovery Event” shall mean the receipt by the Credit Parties or any of their Subsidiaries of any cash insurance proceeds or condemnation or expropriation award payable by reason of theft, loss, physical destruction or damage, taking or similar event with respect to any of their assets constituting Collateral.

 

“Redeemable Stock” of any Person means any Capital Stock of such Person that by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable)

 

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or otherwise (including upon the occurrence of an event) matures or is required to be redeemed (pursuant to any sinking fund obligation or otherwise) or is convertible into or exchangeable for Indebtedness or is redeemable at the option of the holder thereof, in whole or in part, at any time prior to the Maturity Date.

 

“Register” shall have the meaning set forth in Section 9.6(c).

 

“Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers, employees, agents and advisors of such Person and of such Person’s Affiliates.

 

“Remaining Authority” means, at any time of determination, an amount equal to $40,000,000 less the amount expended by or on behalf of the Borrower to purchase shares of its Common Stock from the Closing Date through such time of determination.

 

“Reorganization” shall mean, with respect to any Multiemployer Plan, the condition that such Plan is in reorganization within the meaning of such term as used in Section 4241 of ERISA.

 

“Reportable Event” shall mean any of the events set forth in Section 4043(c) of ERISA, other than those events as to which the thirty-day notice period is waived under PBGC Reg. §4043.

 

“Required Lenders” shall mean, as of any date of determination, Lenders holding at least a majority of the outstanding principal amount of the Term Loan.

 

“Requirement of Law” shall mean, as to any Person, the articles or certificate of incorporation and by-laws or other organizational or governing documents of such Person, and each law, treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject.

 

“Responsible Officer” shall mean, as to (a) the Borrower, the Chief Executive Officer, the Chief Accounting Officer, the Chief Financial Officer and the President and (b) as to any other Credit Party, any duly authorized officer thereof.

 

“Restoration” shall have the meaning set forth in Section 5.14(h).

 

“Restricted Payment” shall mean (a) any dividend or other distribution, direct or indirect, on account of any shares of any class of Capital Stock of any Credit Party or any of its Subsidiaries, now or hereafter outstanding, (b) any redemption, retirement, sinking fund or similar payment, purchase or other acquisition for value, direct or indirect, of any shares of any class of Capital Stock of any Credit Party or any of its Subsidiaries, now or hereafter outstanding, (c) any payment made to retire, or to obtain the surrender of, any outstanding warrants, options or other rights to acquire shares of any class of Capital Stock of any Credit Party or any of its Subsidiaries, now or hereafter outstanding, (d) any payment with respect to

 

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any earnout obligation and (e) any payment or prepayment of principal of, premium, if any, or interest on, redemption, purchase, retirement, defeasance, sinking fund or similar payment with respect to, any Subordinated Debt of any Credit Party or any of its Subsidiaries.

 

“Revolving Credit Agreement” shall mean that certain Amended and Restated Loan and Security Agreement, dated as of August 1, 2003 by and among Congress Financial Corporation, The CIT Group/Business Credit, Inc. and General Electric Capital Corporation as Co-Documentation Agents, the revolving lenders, the Borrowers (as defined therein) and the Guarantors (as defined therein), as amended by Amendment No. 1 to Amended and Restated Loan and Security Agreement dated as of October 24, 2003, Amendment No. 2 to Amended and Restated Loan and Security Agreement dated as of October 15, 2004, Amendment No. 3 to Amended and Restated Loan and Security Agreement dated as of December 2, 2004, Amendment No. 4 to Amended and Restated Loan and Security Agreement dated as of November 16, 2005, and Amendment No. 5 to Amended and Restated Loan and Security Agreement dated as of January 27, 2006 (as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced in accordance with the terms hereof) and the agreements, documents and instruments at any time executed and/or delivered in connection therewith or related thereto.

 

“S&P” shall mean Standard & Poor’s Ratings Services, a division of The McGraw Hill Companies, Inc.

 

“Sanctioned Country” shall mean a country subject to a sanctions program identified on the list maintained by OFAC and available at http://www.treas.gov/offices/eotffc/ofac/sanctions/index.html, or as otherwise published from time to time.

 

“Sanctioned Person” shall mean (a) a Person named on the list of “Specially Designated Nationals and Blocked Persons” maintained by OFAC available at http://www.treas.gov/offices/eotffc/ofac/sdn/index.html, or as otherwise published from time to time, or (b) (i) an agency of the government of a Sanctioned Country, (ii) an organization controlled by a Sanctioned Country, or (iii) a Person resident in a Sanctioned Country, to the extent subject to a sanctions program administered by OFAC.

 

“Secured Hedging Agreement” shall mean any Hedging Agreement between a Credit Party and a Hedging Agreement Provider relating to obligations, Indebtedness and liabilities of such Credit Party arising under this Credit Agreement, the Term Notes or any of the other Credit Documents, as such Hedging Agreement may be amended, restated, amended and restated, modified, supplemented or extended from time to time.

 

“Secured Parties” shall mean the Administrative Agent, the Lenders and the Hedging Agreement Providers.

 

“Security Documents” shall mean the Mortgage Instruments and all other agreements, documents and instruments (a) relating to, arising out of, or in any way connected with any of the foregoing documents, (b) granting to the Administrative Agent, Liens or security interests to

 

24

 

secure, inter alia, the Credit Party Obligations or (c) perfecting such Liens or security interests, in each case whether now or hereafter executed and/or filed and as the same may be amended from time to time in accordance with the terms hereof.

 

“Senior Funded Debt” shall mean (a) all Funded Debt of the Credit Parties and their Subsidiaries to the extent any portion thereof is included as debt on the financial statements of the Borrower delivered to the Administrative Agent pursuant to Section 5.1 hereof other than Funded Debt that is, by its terms, subordinated in right of payment to the prior payment in full of the Credit Party Obligations; provided that, the Convertible Senior Notes shall not be included in the definition of Senior Funded Debt to the extent that the Borrower has irrevocably funded to the applicable trustee the amount required to satisfy in full the Convertible Senior Notes, (b) all off-balance sheet Funded Debt of the Credit Parties and their Subsidiaries to the extent reserves are in place with respect to borrowing availability under the Revolving Credit Agreement or such availability is otherwise blocked as a result of the existence thereof, with respect to such Funded Debt and (c) all letters of credit funded under the Revolving Credit Agreement or otherwise.

 

“Senior Leverage Ratio” shall mean, as of the end of a fiscal quarter of the Borrower, for the Credit Parties and their Subsidiaries on a consolidated basis for the four consecutive quarters ending on such date, the ratio of (a) Senior Funded Debt of the Credit Parties and their Subsidiaries on a consolidated basis on the last day of such period to (b) Consolidated EBITDA for such four fiscal quarter period.

 

“Senior Leverage Ratio Target” shall mean a Senior Leverage Ratio of less than 5.00 to 1.00, as evidenced by the certificate of a Responsible Officer delivered pursuant to Section 5.2(a) hereof, which certificate shall include calculations in reasonable detail demonstrating that such target has been obtained as of the last day of the quarter then ended; provided that if such certificate proves to be inaccurate, the Applicable Percentage shall retroactively revert to the percentage set forth in clause (a) of the definition of Applicable Percentage until such time as a corrected certificate of a Responsible Officer demonstrating that such target has been obtained is provided.

 

“Share Repurchase Plan” shall mean the Borrower’s share repurchase plan as approved by its Board of Directors and described in the Borrower’s public announcement on September 9, 2004, pursuant to which the Borrower is authorized to expend $100,000,000 to purchase shares of its Common Stock.

 

“Single Employer Plan” shall mean any Plan that is not a Multiemployer Plan.

 

“Subordinated Debt” shall mean any Indebtedness incurred by any Credit Party which by its terms is specifically subordinated in right of payment to the prior payment of the Credit Party Obligations and contains subordination and other terms reasonably acceptable to the Administrative Agent.

 

“Subsidiary” shall mean, as to any Person, a corporation, partnership, limited liability company or other entity of which shares of stock or other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by

 

25

 

reason of the happening of a contingency) to elect a majority of the board of directors or other managers of such corporation, partnership or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise qualified, all references to a “Subsidiary” or to “Subsidiaries” in this Credit Agreement shall refer to a Subsidiary or Subsidiaries of the Borrower.

 

“Synthetic Leases” shall mean any synthetic lease, tax retention operating lease, off-balance sheet loan or similar off-balance sheet financing product.

 

“Taxes” means all present or future taxes, levies, imposts, duties, deductions, withholdings, assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.

 

“Term Loan” shall have the meaning set forth in Section 2.1(a).

 

“Term Loan Commitment” shall mean, with respect to each Lender, the commitment of such Lender to make its portion of the Term Loan in a principal amount equal to such Lender’s Term Loan Commitment Percentage of the Term Loan Committed Amount.

 

“Term Loan Commitment Percentage” shall mean, for any Lender, the percentage identified as its Term Loan Commitment Percentage in its Lender Commitment Letter.

 

“Term Loan Committed Amount” shall have the meaning set forth in Section 2.1(a).

 

“Term Note” or “Term Notes” shall mean the promissory notes of the Borrower (if any) in favor of any of the Lenders evidencing the portion of the Term Loan provided by any such Lender pursuant to Section 2.1(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, restated, amended and restated, supplemented, extended, renewed or replaced from time to time.

 

“Total Leverage Ratio” shall mean, as of the end of each fiscal quarter of the Borrower, for the Credit Parties and their Subsidiaries on a consolidated basis for the four consecutive quarters ending on such date, the ratio of (a) Funded Debt of the Credit Parties and their Subsidiaries on a consolidated basis on the last day of such period to (b) Consolidated EBITDA for such four fiscal quarter period.

 

“Trademark License” shall mean any agreement, whether written or oral, providing for the grant by or to a Person of any right to use any Trademark.

 

“Trademarks” shall mean (a) all trademarks, trade names, corporate names, company names, business names, fictitious business names, service marks, elements of package or trade dress of goods or services, logos and other source or business identifiers, together with the goodwill associated therewith, now existing or hereafter adopted or acquired, all registrations and recordings thereof, and all applications in connection therewith, whether in the United States

 

26

 

Patent and Trademark Office or in any similar office or agency of the United States, any State thereof or any other country or any political subdivision thereof, and (b) all renewals thereof.

 

“Tranche” shall mean the collective reference to LIBOR Rate Loan whose Interest Periods begin and end on the same day.

 

“Transactions” shall mean the closing of this Agreement and the other Credit Documents (including, without limitation, the initial borrowings under the Credit Documents and the payment of fees and expenses in connection with all of the foregoing).

 

“Transfer Effective Date” shall have the meaning set forth in each Assignment and Assumption.

 

“Type” shall mean, as to any Term Loan, its nature as an Alternate Base Rate Loan or LIBOR Rate Loan, as the case may be.

 

“UCC” shall mean the Uniform Commercial Code from time to time in effect in any applicable jurisdiction.

 

“Voting Stock” shall mean, with respect to any Person, Capital Stock issued by such Person the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even though the right so to vote may be or have been suspended by the happening of such a contingency.

 

“Wachovia” shall mean Wachovia Bank, National Association, a national banking association, together with its successors and/or assigns.

 

“Works” shall mean all works which are subject to copyright protection pursuant to Title 17 of the United States Code.

 

Section 1.2            Other Definitional Provisions.

 

(a)           Unless otherwise specified therein, all terms defined in this Credit Agreement shall have the defined meanings when used in the Term Notes or other Credit Documents or any certificate or other document made or delivered pursuant hereto.

 

(b)           The words “hereof”, “herein” and “hereunder” and words of similar import when used in this Credit Agreement shall refer to this Credit Agreement as a whole and not to any particular provision of this Credit Agreement, and Section, subsection, Schedule and Exhibit references are to this Credit Agreement unless otherwise specified.

 

(c)           The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms.

 

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Section 1.3            Accounting Terms.

 

Unless otherwise specified herein, all accounting terms used herein shall be interpreted, all accounting determinations hereunder shall be made, and all financial statements required to be delivered hereunder shall be prepared in accordance with GAAP applied on a basis consistent with the most recent audited Consolidated financial statements of the Borrower delivered to the Lenders; provided that, if the Borrower shall notify the Administrative Agent that it wishes amend the definitions of ABL Consolidated EBITDA, ABL Interest Expense, ABL Consolidated Net Income, Consolidated EBITDA, Consolidated Interest Expense, Consolidated Net Income, Funded Debt or any provision in Section 5.9 to eliminate the effect of any change in GAAP on the operation of any such definition or such Section (or if the Administrative Agent notifies the Borrower that the Required Lenders wish to amend any such definition or such Section for such purpose), then the Borrower’s compliance with such provisions shall be determined on the basis of GAAP in effect immediately before the relevant change in GAAP became effective, until either such notice is withdrawn or such definition or provision is amended in a manner satisfactory to the Borrower and the Required Lenders.

 

The Borrower shall deliver to the Administrative Agent and each Lender at the same time as the delivery of any annual or quarterly financial statements given in accordance with the provisions of Section 5.1, (a) a description in reasonable detail of any material change in the application of accounting principles employed in the preparation of such financial statements from those applied in the most recently preceding quarterly or annual financial statements as to which no objection shall have been made in accordance with the provisions above and (b) a reasonable estimate of the effect on the financial statements on account of such changes in application.

 

Section 1.4            Resolution of Drafting Ambiguities.

 

Each Credit Party acknowledges and agrees that it was represented by counsel in connection with the execution and delivery of this Credit Agreement and the other Credit Documents to which it is a party, that it and its counsel reviewed and participated in the preparation and negotiation hereof and thereof and that any rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not be employed in the interpretation hereof or thereof.

 

Section 1.5            Time References.

 

Unless otherwise specified, all references herein to times of day shall be references to Eastern time (daylight or standard, as applicable).

 

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ARTICLE II

 

THE LOANS; AMOUNT AND TERMS

 

Section 2.1            Term Loan.

 

(a)           Term Loan. Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein, each Lender severally agrees to make available to the Borrower (through the Administrative Agent) on the Closing Date such Lender’s Term Loan Commitment Percentage of a term loan in Dollars (the “Term Loan”) in the aggregate principal amount of THREE HUNDRED TWENTY MILLION DOLLARS ($320,000,000) (the “Term Loan Committed Amount”) for the purposes hereinafter set forth. Upon receipt by the Administrative Agent of the proceeds of the Term Loan, such proceeds will then be made available to the Borrower by the Administrative Agent by crediting the account of the Borrower on the books of the office of the Administrative Agent specified in Section 9.2, or at such other office as the Administrative Agent may designate in writing, with the aggregate of such proceeds made available to the Administrative Agent by the Lenders and in like funds as received by the Administrative Agent (or by crediting such other account(s) as directed by the Borrower). The Term Loan may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request; provided, however, that the Term Loan made on the Closing Date or any of the three (3) Business Days following the Closing Date may only consist of Alternate Base Rate Loans. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office. Amounts repaid or prepaid on the Term Loan may not be reborrowed.

 

(b)           Repayment of Term Loan. The principal amount of the Term Loan shall be repaid in twenty-eight (28) consecutive quarterly installments as follows, unless accelerated sooner pursuant to Section 7.2:

 

	
Principal Amortization Payment
   Dates
    	
 
    	
Term Loan Principal Amortization
   Payment
    	
 
    
	
March 31, 2007
    	
 
    	
$
    	
800,000
    	
 
    
	
June 30, 2007
    	
 
    	
$
    	
800,000
    	
 
    
	
September 30, 2007
    	
 
    	
$
    	
800,000
    	
 
    
	
December 31, 2007
    	
 
    	
$
    	
800,000
    	
 
    
	
March 31, 2008
    	
 
    	
$
    	
800,000
    	
 
    
	
June 30, 2008
    	
 
    	
$
    	
800,000
    	
 
    
	
September 30, 2008
    	
 
    	
$
    	
800,000
    	
 
    
	
December 31, 2008
    	
 
    	
$
    	
800,000
    	
 
    
	
March 31, 2009
    	
 
    	
$
    	
800,000
    	
 
    
	
June 30, 2009
    	
 
    	
$
    	
800,000
    	
 
    
	
September 30, 2009
    	
 
    	
$
    	
800,000
    	
 
    
	
December 31, 2009
    	
 
    	
$
    	
800,000
    	
 
    
	
March 31, 2010
    	
 
    	
$
    	
800,000
    	
 
    
	
June 30, 2010
    	
 
    	
$
    	
800,000
    	
 
    
	
September 30, 2010
    	
 
    	
$
    	
800,000
    	
 
    
	
December 31, 2010
    	
 
    	
$
    	
800,000
    	
 
    
	
March 31, 2011
    	
 
    	
$
    	
800,000
    	
 
    
	
June 30, 2011
    	
 
    	
$
    	
800,000
    	
 
    
	
September 30, 2011
    	
 
    	
$
    	
800,000
    	
 
    
	
December 31, 2011
    	
 
    	
$
    	
800,000
    	
 
    
	
March 31, 2012
    	
 
    	
$
    	
800,000
    	
 
    
	
June 30, 2012
    	
 
    	
$
    	
800,000
    	
 
    
	
September 30, 2012
    	
 
    	
$
    	
800,000
    	
 
    
	
December 31, 2012
    	
 
    	
$
    	
800,000
    	
 
    
	
March 31, 2013
    	
 
    	
$
    	
800,000
    	
 
    
	
June 30, 2013
    	
 
    	
$
    	
800,000
    	
 
    
	
September 30, 2013
    	
 
    	
$
    	
800,000
    	
 
    
	
Maturity Date
    	
 
    	
$ 298,400,000 or the remaining outstanding 
   principal amount of the 
   Term Loan
    	
 
    

 

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(c)           Interest on the Term Loan. Subject to the provisions of Section 2.5, the Term Loan shall bear interest as follows:

 

(i)            Alternate Base Rate Loan. During such periods as the Term Loan shall be comprised of Alternate Base Rate Loans, each such Alternate Base Rate Loan shall bear interest at a per annum rate equal to the sum of the Alternate Base Rate plus the Applicable Percentage; and

 

(ii)           LIBOR Rate Loan. During such periods as the Term Loan shall be comprised of LIBOR Rate Loans, each such LIBOR Rate Loan shall bear interest at a per annum rate equal to the sum of the LIBOR Rate plus the Applicable Percentage.

 

Interest on the Term Loan shall be payable in arrears on each Interest Payment Date.

 

(d)           Term Loan Notes, Covenant to Pay. Each Lender’s Term Loan Commitment shall be evidenced, upon such Lender’s request, by a duly executed promissory note of the Borrower to such Lender in substantially the form of Schedule 2.1(d). The Borrower covenants and agrees to pay the Term Loans in accordance with the terms of this Credit Agreement and the Term Note or Term Notes.

 

Section 2.2            [Reserved].

 

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Section 2.3            Fee.

 

The Borrower agrees to pay to the Administrative Agent the annual administrative fee as described in the Engagement Letter.

 

Section 2.4            Prepayments.

 

(a)           Optional Prepayments. The Borrower shall have the right to prepay the Term Loan in whole or in part from time to time; provided, however, that (i) each partial prepayment of the Term Loan shall be in a minimum principal amount of $5,000,000 and integral multiples of $1,000,000 in excess thereof (or the remaining outstanding principal amount) and (ii) upon the prepayment of any such amount, Collateral having a fee simple fair market value based on the 2005 Appraisals and the 2006 Appraisals (or such later appraisals as may be required by the Administrative Agent to the extent the Borrower encumbers, enters into a sale-leaseback arrangement or otherwise disposes of properties not constituting Collateral with a fair market value in excess of $125,000,000), as applicable, as selected by the Borrower and approved by the Administrative Agent, shall be released on a dollar-for-dollar basis; provided that no Mortgaged Property shall be required to be partially released in order to comply with the foregoing dollar-for-dollar reduction. The Borrower shall give three Business Days’ irrevocable notice in the case of LIBOR Rate Loans and one Business Day irrevocable notice in the case of Alternate Base Rate Loans, to the Administrative Agent (which shall notify the Lenders thereof as soon as practicable) by 11:00 A.M. on the date notice is given. Amounts prepaid under this Section shall be (i) applied ratably to the remaining principal installments thereof and (ii) applied first to Alternate Base Rate Loans and then to LIBOR Rate Loans in direct order of Interest Period maturities. All prepayments under this Section shall be subject to Section 2.13, but otherwise without premium or penalty. Interest on the principal amount prepaid shall be payable on the next occurring Interest Payment Date that would have occurred had such loan not been prepaid or, at the request of the Administrative Agent, interest on the principal amount prepaid shall be payable on any date that a prepayment is made hereunder through the date of prepayment. Amounts prepaid on the Term Loan may not be reborrowed.

 

(b)           Mandatory Prepayments.

 

(i)            Asset Dispositions. Promptly following any Asset Disposition (or related series of Asset Dispositions), the Borrower shall prepay the Term Loan in an aggregate amount equal to the greater of (A) one hundred percent (100%) of the Net Cash Proceeds derived from such Asset Disposition (or related series of Asset Dispositions) and (B) 100% of the Allocated Payoff Amount (such prepayment to be applied as set forth in clause (iii) below);

 

(ii)           Recovery Event. Immediately upon receipt by any Credit Party or any of its Subsidiaries of proceeds from any Recovery Event, the Borrower shall prepay the Term Loan in an aggregate amount equal to one hundred percent (100%) of the Net Cash Proceeds of such Recovery Event (such prepayment to be

 

31

 

applied as set forth in clause (iii) below); provided, however, that, so long as no Default or Event of Default has occurred and is continuing and the Recovery Event (or the event giving rise to the Recovery Event) is addressed under Section 5.14, then the applicable provisions of Section 5.14 shall govern and shall dictate the rights and obligations of the Borrower.

 

(iii)          Application of Mandatory Prepayments. All amounts required to be paid pursuant to this Section shall be (i) applied ratably to the remaining principal installments thereof and (ii) applied first to Alternate Base Rate Loans and then to LIBOR Rate Loans in direct order of Interest Period maturities.

 

(c)           Hedging Obligations Unaffected. Any repayment or prepayment made pursuant to this Section shall not affect the Borrower’s obligation to continue to make payments under any Secured Hedging Agreement, which shall remain in full force and effect notwithstanding such repayment or prepayment, subject to the terms of such Secured Hedging Agreement.

 

Section 2.5            Default Rate and Payment Dates.

 

(a)           If all or a portion of the principal amount of the Term Loan which is a LIBOR Rate Loan shall not be paid when due or continued as a LIBOR Rate Loan in accordance with the provisions of Section 2.6 (whether at the stated maturity, by acceleration or otherwise), such overdue principal amount of such Term Loan shall be converted to an Alternate Base Rate Loan at the end of the Interest Period applicable thereto.

 

(b)           (i) If all or a portion of the principal amount of any LIBOR Rate Loan shall not be paid when due, such overdue amount shall bear interest at a rate per annum which is equal to the rate that would otherwise be applicable thereto plus 2%, until the end of the Interest Period applicable thereto, and thereafter at a rate per annum which is equal to the Alternate Base Rate plus the sum of the Applicable Percentage then in effect for Alternate Base Rate Loan and 2% (the “ABR Default Rate”) or (ii) if any interest payable on the principal amount of any Term Loan or any fee or other amount, including the principal amount of any Alternate Base Rate Loan, payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum which is equal to the ABR Default Rate, in each case from the date of such non-payment until such amount is paid in full (after as well as before judgment). Upon the occurrence, and during the continuance, of any other Event of Default hereunder, at the option of the Required Lenders, the principal of and, to the extent permitted by law, interest on the Term Loan and any other amounts owing hereunder or under the other Credit Documents shall bear interest, payable on demand, at a per annum rate which is (A) in the case of principal, the rate that would otherwise be applicable thereto plus 2% or (B) in the case of interest, fees or other amounts, the ABR Default Rate (after as well as before judgment).

 

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(c)           Interest on the Term Loan shall be payable in arrears on each Interest Payment Date; provided that interest accruing pursuant to paragraph (b) of this Section shall be payable from time to time on demand.

 

Section 2.6            Conversion Options.

 

(a)           The Borrower may elect from time to time to convert an Alternate Base Rate Loan to a LIBOR Rate Loan by delivering a Notice of Conversion/Extension to the Administrative Agent at least three Business Days prior to the proposed date of conversion. In addition, the Borrower may elect from time to time to convert all or any portion of a LIBOR Rate Loan to an Alternate Base Rate Loan by giving the Administrative Agent irrevocable written notice thereof by 11:00 A.M. one Business Day prior to the proposed date of conversion. If the date upon which an Alternate Base Rate Loan is to be converted to a LIBOR Rate Loan is not a Business Day, then such conversion shall be made on the next succeeding Business Day and during the period from such last day of an Interest Period to such succeeding Business Day such Term Loan shall bear interest as if it were an Alternate Base Rate Loan. A LIBOR Rate Loan may only be converted to Alternate Base Rate Loan on the last day of the applicable Interest Period. If the date upon which a LIBOR Rate Loan is to be converted to an Alternate Base Rate Loan is not a Business Day, then such conversion shall be made on the next succeeding Business Day and during the period from such last day of an Interest Period to such succeeding Business Day such Term Loan shall bear interest as if it were an Alternate Base Rate Loan. All or any part of outstanding Alternate Base Rate Loan or LIBOR Rate Loans may be converted as provided herein; provided that (i) no Term Loan may be converted into a LIBOR Rate Loan when any Default or Event of Default has occurred and is continuing and (ii) partial conversions shall be in an aggregate principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof.

 

(b)           Any LIBOR Rate Loan may be continued as such upon the expiration of an Interest Period with respect thereto by compliance by the Borrower with the notice provisions contained in Section 2.6(a); provided, that no LIBOR Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, in which case such LIBOR Rate Loan shall be automatically converted to an Alternate Base Rate Loans at the end of the applicable Interest Period with respect thereto. If the Borrower shall fail to give timely notice of an election to continue a LIBOR Rate Loan, or the continuation of LIBOR Rate Loans is not permitted hereunder, such LIBOR Rate Loan shall be automatically converted to Alternate Base Rate Loans at the end of the applicable Interest Period with respect thereto.

 

Section 2.7            Computation of Interest and Fees; Usury.

 

(a)           Interest payable hereunder with respect to any Alternate Base Rate Loan shall be calculated on the basis of a year of 365 days (or 366 days, as applicable) for the actual days elapsed. All other fees, interest and all other amounts payable hereunder shall be calculated on the basis of a 360 day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of

 

33

 

each determination of a LIBOR Rate on the Business Day of the determination thereof Any change in the interest rate on a Term Loan resulting from a change in the Alternate Base Rate shall become effective as of the opening of business on the day on which such change in the Alternate Base Rate shall become effective. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of the effective date and the amount of each such change.

 

(b)           Each determination of an interest rate by the Administrative Agent pursuant to any provision of this Credit Agreement shall be conclusive and binding on the Borrower and the Lenders in the absence of manifest error. The Administrative Agent shall, at the request of the Borrower, deliver to the Borrower a statement showing the computations used by the Administrative Agent in determining any interest rate.

 

(c)           It is the intent of the Lenders and the Credit Parties to conform to and contract in strict compliance with applicable usury law from time to time in effect. All agreements between the Lenders and the Credit Parties are hereby limited by the provisions of this subsection which shall override and control all such agreements, whether now existing or hereafter arising and whether written or oral. In no way, nor in any event or contingency (including but not limited to prepayment or acceleration of the maturity of any Credit Party Obligation), shall the interest taken, reserved, contracted for, charged, or received under this Credit Agreement, under the Term Notes or otherwise, exceed the maximum nonusurious amount permissible under applicable law. If, from any possible construction of any of the Credit Documents or any other document, interest would otherwise be payable in excess of the maximum nonusurious amount, any such construction shall be subject to the provisions of this paragraph and such interest shall be automatically reduced to the maximum nonusurious amount permitted under applicable law, without the necessity of execution of any amendment or new document. If any Lender shall ever receive anything of value which is characterized as interest on the Term Loan under applicable law and which would, apart from this provision, be in excess of the maximum nonusurious amount, an amount equal to the amount which would have been excessive interest shall, without penalty, be applied to the reduction of the principal amount owing on the Term Loan and not to the payment of interest, or refunded to the Borrower or the other payor thereof if and to the extent such amount which would have been excessive exceeds such unpaid principal amount of the Term Loan. The right to demand payment of the Term Loan or any other Indebtedness evidenced by any of the Credit Documents does not include the right to receive any interest which has not otherwise accrued on the date of such demand, and the Lenders do not intend to charge or receive any unearned interest in the event of such demand. All interest paid or agreed to be paid to the Lenders with respect to the Term Loan shall, to the extent permitted by applicable law, be amortized, prorated, allocated, and spread throughout the full stated term (including any renewal or extension) of the Term Loan so that the amount of interest on account of such Indebtedness does not exceed the maximum nonusurious amount permitted by applicable law.

 

34

 

Section 2.8            Pro Rata Treatment and Payments.

 

(a)           Allocation of Payments Prior to Exercise of Remedies. Unless otherwise required by the terms of this Credit Agreement, each payment under this Credit Agreement or any Term Note shall be applied, first, to any fees then due and owing by the Borrower pursuant to Section 2.3, second, to interest then due and owing hereunder and under the Term Notes of the Borrower and, third, to principal then due and owing hereunder and under the Term Notes of the Borrower. Each payment on account of any fee pursuant to Section 2.3 shall be made pro rata in accordance with the respective amounts due and owing. Each payment (other than prepayments) by the Borrower on account of principal of and interest on the Term Loan shall be applied to such Term Loan on a pro rata basis in accordance with the terms of this Section 2.8(a). Each optional prepayment on account of principal of the Term Loan shall be applied in accordance with Section 2.4(a). Each mandatory prepayment on account of principal of the Term Loan shall be applied in accordance with Section 2.4(b). All payments (including prepayments) to be made by the Borrower on account of principal, interest and fees shall be made without defense, set-off or counterclaim (except as provided in Section 2.14) and shall be made to the Administrative Agent for the account of the Lenders at the Administrative Agent’s office specified on Section 9.2 in Dollars and in immediately available funds not later than 1:00 P.M. on the date when due. The Administrative Agent shall distribute such payments to the Lenders entitled thereto promptly upon receipt in like funds as received. If any payment hereunder (other than payments on the LIBOR Rate Loans) becomes due and payable on a day other than a Business Day, such payment shall be extended to the next succeeding Business Day, and, with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension. If any payment on a LIBOR Rate Loan becomes due and payable on a day other than a Business Day, such payment date shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such payment into another calendar month, in which event such payment shall be made on the immediately preceding Business Day.

 

(b)           Allocation of Payments After Exercise of Remedies. Notwithstanding any other provisions of this Credit Agreement to the contrary, after the exercise of remedies (other than the invocation of default interest pursuant to Section 2.5(b)) by the Administrative Agent or the Lenders pursuant to Section 7.2 (or after the Term Loan Commitments shall automatically terminate and the Term Loan (with accrued interest thereon) and all other amounts under the Credit Documents shall automatically become due and payable in accordance with the terms of such Section), all amounts collected or received by the Administrative Agent or any Lender on account of the Credit Party Obligations or any other amounts outstanding under any of the Credit Documents or in respect of the Collateral shall be paid over or delivered as follows (irrespective of whether the following costs, expenses, fees, interest, premiums, scheduled periodic payments or Credit Party Obligations are allowed, permitted or recognized as a claim in any proceeding resulting from the occurrence of a Bankruptcy Event):

 

35

 

FIRST, to the payment of all reasonable out-of-pocket costs and expenses (including without limitation reasonable attorneys’ fees) of the Administrative Agent in connection with enforcing the rights of the Lenders under the Credit Documents and any protective advances made by the Administrative Agent with respect to the Collateral under or pursuant to the terms of the Security Documents;

 

SECOND, to the payment of any fees owed to the Administrative Agent;

 

THIRD, to the payment of all reasonable out-of-pocket costs and expenses (including without limitation, reasonable attorneys’ fees) of each of the Lenders in connection with enforcing its rights under the Credit Documents or otherwise with respect to the Credit Party Obligations owing to such Lender;

 

FOURTH, to the payment of all of the Credit Party Obligations consisting of accrued fees and interest, and including, with respect to any Secured Hedging Agreement, any fees, premiums and scheduled periodic payments due under such Secured Hedging Agreement and any interest accrued thereon;

 

FIFTH, to the payment of the outstanding principal amount of the Credit Party Obligations, and including with respect to any Secured Hedging Agreement, any breakage, termination or other payments due under such Secured Hedging Agreement and any interest accrued thereon;

 

SIXTH, to all other Credit Party Obligations and other obligations which shall have become due and payable under the Credit Documents or otherwise and not repaid pursuant to clauses “FIRST” through “FIFTH” above; and

 

SEVENTH, to the payment of the surplus, if any, to whoever may be lawfully entitled to receive such surplus.

 

In carrying out the foregoing, (a) amounts received shall be applied in the numerical order provided until exhausted prior to application to the next succeeding category and (b) each of the Lenders shall receive an amount equal to its pro rata share (based on the proportion that the then outstanding Term Loan held by such Lender bears to the aggregate then outstanding Term Loan) of amounts available to be applied pursuant to clauses “THIRD”, “FOURTH”, “FIFTH” and “SIXTH” above. Notwithstanding the foregoing terms of this Section, only Collateral proceeds and payments under the Guaranty (as opposed to ordinary course principal, interest and fee payments hereunder) shall be applied to obligations under any Secured Hedging Agreement.

 

Section 2.9            Non-Receipt of Funds by the Administrative Agent.

 

(a)           Unless the Administrative Agent shall have been notified in writing by a Lender prior to the date a Term Loan is to be made by such Lender (which notice shall be

 

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effective upon receipt) that such Lender does not intend to make the proceeds of such Term Loan available to the Administrative Agent, the Administrative Agent may assume that such Lender has made such proceeds available to the Administrative Agent on such date, and the Administrative Agent may in reliance upon such assumption (but shall not be required to) make available to the Borrower a corresponding amount. If such corresponding amount is not in fact made available to the Administrative Agent, the Administrative Agent shall be able to recover such corresponding amount from such Lender. If such Lender does not pay such corresponding amount forthwith upon the Administrative Agent’s demand therefor, the Administrative Agent will promptly notify the Borrower, and the Borrower shall immediately pay such corresponding amount to the Administrative Agent. The Administrative Agent shall also be entitled to recover from the Lender or the Borrower, as the case may be, interest on such corresponding amount in respect of each day from the date such corresponding amount was made available by the Administrative Agent to the Borrower to the date such corresponding amount is recovered by the Administrative Agent at a per annum rate equal to (i) from the Borrower at the applicable rate for the applicable borrowing pursuant to the Notice of Borrowing and (ii) from a Lender at the Federal Funds Effective Rate.

 

(b)           Unless the Administrative Agent shall have been notified in writing by the Borrower, prior to the date on which any payment is due from the Borrower hereunder (which notice shall be effective upon receipt) that the Borrower does not intend to make such payment, the Administrative Agent may assume that the Borrower has made such payment when due, and the Administrative Agent may in reliance upon such assumption (but shall not be required to) make available to each Lender on such payment date an amount equal to the portion of such assumed payment to which such Lender is entitled hereunder, and if the Borrower has not in fact made such payment to the Administrative Agent, such Lender shall, on demand, repay to the Administrative Agent the amount made available to such Lender. If such amount is repaid to the Administrative Agent on a date after the date such amount was made available to such Lender, such Lender shall pay to the Administrative Agent on demand interest on such amount in respect of each day from the date such amount was made available by the Administrative Agent to such Lender to the date such amount is recovered by the Administrative Agent at a per annum rate equal to the Federal Funds Effective Rate.

 

(c)           A certificate of the Administrative Agent submitted to the Borrower or any Lender with respect to any amount owing under this Section shall be conclusive in the absence of manifest error.

 

Section 2.10         Inability to Determine Interest Rate.

 

Notwithstanding any other provision of this Credit Agreement, if (a) the Administrative Agent shall reasonably determine (which determination shall be conclusive and binding absent manifest error) that, by reason of circumstances affecting the relevant market, reasonable and adequate means do not exist for ascertaining LIBOR for such Interest Period, or (b) the Required Lenders shall reasonably determine (which determination shall be conclusive and binding absent manifest error) that the LIBOR Rate does not adequately and fairly reflect the cost to such

 

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Lenders of funding LIBOR Rate Loans that the Borrower has requested be outstanding as a LIBOR Tranche during such Interest Period, the Administrative Agent shall forthwith give telephone notice of such determination, confirmed in writing, to the Borrower, and the Lenders at least two Business Days prior to the first day of such Interest Period. Unless the Borrower shall have notified the Administrative Agent upon receipt of such telephone notice that it wishes to rescind or modify its request regarding such LIBOR Rate Loan, any Term Loan that were requested to be made as LIBOR Rate Loans shall be made as Alternate Base Rate Loans and any Term Loan that were requested to be converted into or continued as LIBOR Rate Loans shall remain as or be converted into Alternate Base Rate Loans. Until any such notice has been withdrawn by the Administrative Agent, no further Term Loan shall be made as, continued as, or converted into, LIBOR Rate Loans for the Interest Periods so affected.

 

Section 2.11         Illegality.

 

Notwithstanding any other provision of this Credit Agreement, if the adoption of or any change in any Requirement of Law or in the interpretation or application thereof by the relevant Governmental Authority to any Lender shall make it unlawful for such Lender or its LIBOR Lending Office to make or maintain LIBOR Rate Loans as contemplated by this Credit Agreement or to obtain in the interbank eurodollar market through its LIBOR Lending Office the funds with which to make such Term Loan, (a) such Lender shall promptly notify the Administrative Agent and the Borrower thereof, (b) the commitment of such Lender hereunder to make LIBOR Rate Loans or continue LIBOR Rate Loans as such shall forthwith be suspended until the Administrative Agent shall give notice that the condition or situation which gave rise to the suspension shall no longer exist, and (c) such Lender’s Term Loan then outstanding as LIBOR Rate Loans, if any, shall be converted on the last day of the Interest Period for such Term Loan or within such earlier period as required by law as Alternate Base Rate Loans. The Borrower hereby agrees promptly to pay any Lender, upon its demand, any additional amounts necessary to compensate such Lender for actual and direct costs (but not including anticipated profits) reasonably incurred by such Lender in making any repayment in accordance with this Section including, but not limited to, any interest or fees payable by such Lender to lenders of funds obtained by it in order to make or maintain its LIBOR Rate Loans hereunder. A certificate as to any additional amounts payable pursuant to this Section submitted by such Lender, through the Administrative Agent, to the Borrower shall be conclusive in the absence of manifest error. Each Lender agrees to use reasonable efforts (including reasonable efforts to change its LIBOR Lending Office) to avoid or to minimize any amounts which may otherwise be payable pursuant to this Section; provided, however, that such efforts shall not cause the imposition on such Lender of any additional costs or legal or regulatory burdens deemed by such Lender in its sole discretion to be material.

 

Section 2.12         Requirements of Law.

 

(a)           If the adoption of or any change in any Requirement of Law or in the interpretation or application thereof or compliance by any Lender with any request or directive (whether or not having the force of law) from any central bank or other Governmental Authority made subsequent to the date hereof:

 

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(i)            shall subject such Lender to any tax of any kind whatsoever with respect to any LIBOR Rate Loan made by it, or change the basis of taxation of payments to such Lender in respect thereof (except for changes in the rate of tax on the overall net income of such Lender);

 

(ii)           shall impose, modify or hold applicable any reserve, special deposit, compulsory loan or similar requirement against assets held by, deposits or other liabilities in or for the account of, advances, loans or other extensions of credit by, or any other acquisition of funds by, any office of such Lender which is not otherwise included in the determination of the LIBOR Rate hereunder; or

 

(iii)          shall impose on such Lender any other condition;

 

and the result of any of the foregoing is to increase the cost to such Lender of making or maintaining LIBOR Rate Loans or to reduce any amount receivable hereunder or under any Term Note, then, in any such case, the Credit Parties shall promptly pay such Lender, upon its demand, any additional amounts necessary to compensate such Lender for such additional cost or reduced amount receivable which such Lender reasonably deems to be material as determined by such Lender with respect to its LIBOR Rate Loans. A certificate as to any additional amounts payable pursuant to this Section submitted by such Lender, through the Administrative Agent, to the Borrower shall be conclusive in the absence of manifest error. Each Lender agrees to use reasonable efforts (including reasonable efforts to change its Domestic Lending Office or LIBOR Lending Office, as the case may be) to avoid or to minimize any amounts which might otherwise be payable pursuant to this paragraph of this Section; provided, however, that such efforts shall not cause the imposition on such Lender of any additional costs or legal or regulatory burdens deemed by such Lender to be material.

 

(b)           If any Lender shall have reasonably determined that the adoption of or any change in any Requirement of Law regarding capital adequacy or in the interpretation or application thereof or compliance by such Lender or any corporation controlling such Lender with any request or directive regarding capital adequacy (whether or not having the force of law) from any central bank or Governmental Authority made subsequent to the date hereof does or shall have the effect of reducing the rate of return on such Lender’s or such corporation’s capital as a consequence of its obligations hereunder to a level below that which such Lender or such corporation could have achieved but for such adoption, change or compliance (taking into consideration such Lender’s or such corporation’s policies with respect to capital adequacy) by an amount reasonably deemed by such Lender to be material, then from time to time, within fifteen (15) days after demand by such Lender, the Credit Parties shall pay to such Lender such additional amount as shall be certified by such Lender as being required to compensate it for such reduction. Such a certificate as to any additional amounts payable under this Section submitted by a Lender (which certificate shall include a description of the basis for the computation), through the Administrative Agent, to the Borrower shall be conclusive absent manifest error.

 

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(c)           The agreements in this Section shall survive the termination of this Credit Agreement and payment of the Credit Party Obligations.

 

Section 2.13         Indemnity.

 

The Credit Parties hereby agree to indemnify each Lender and to hold such Lender harmless from any funding loss or expense which such Lender may sustain or incur as a consequence of (a) default by the Borrower in payment of the principal amount of or interest on any Term Loan by such Lender in accordance with the terms hereof, (b) default by the Borrower in accepting a borrowing after the Borrower has given a notice in accordance with the terms hereof, (c) default by the Borrower in making any prepayment after the Borrower has given a notice in accordance with the terms hereof, and/or (d) the making by the Borrower of a prepayment of a Term Loan, or the conversion thereof, on a day which is not the last day of the Interest Period with respect thereto, in each case including, but not limited to, any such loss or expense arising from interest or fees payable by such Lender to lenders of funds obtained by it in order to maintain its Term Loan hereunder. A certificate as to any additional amounts payable pursuant to this Section submitted by any Lender, through the Administrative Agent, to the Borrower (which certificate must be delivered to the Administrative Agent within thirty days following such default, prepayment or conversion) shall be conclusive in the absence of manifest error. The agreements in this Section shall survive termination of this Credit Agreement and payment of the Credit Party Obligations.

 

Section 2.14         Taxes.

 

(a)           Payments Free of Taxes. Any and all payments by or on account of any obligation of the Borrower hereunder or under any other Credit Document shall be made free and clear of and without reduction or withholding for any Indemnified Taxes or Other Taxes, provided that if the Borrower shall be required by applicable law to deduct any Indemnified Taxes (including any Other Taxes) from such payments, then (i) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section) the Administrative Agent or Lender, as the case may be, receives an amount equal to the sum it would have received had no such deductions been made, (ii) the Borrower shall make such deductions and (iii) the Borrower shall timely pay the full amount deducted to the relevant Governmental Authority in accordance with applicable law.

 

(b)           Payment of Other Taxes by the Borrower. Without limiting the provisions of paragraph (a) above, the Borrower shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law.

 

(c)           Indemnification by the Borrower. The Borrower shall indemnify the Administrative Agent, and each Lender, within ten (10) days after demand therefor, for the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) paid by the Administrative Agent or such Lender, as the case may be, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto,

 

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whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error.

 

(d)           Evidence of Payments. As soon as practicable after any payment of Indemnified Taxes or Other Taxes by the Borrower to a Governmental Authority, the Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent.

 

(e)           Status of Lenders. Any Foreign Lender that is entitled to an exemption from or reduction of withholding tax under the law of the jurisdiction in which the Borrower is resident for tax purposes, or any treaty to which such jurisdiction is a party, with respect to payments hereunder or under any other Credit Document shall deliver to the Borrower (with a copy to the Administrative Agent), at the time or times prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation prescribed by applicable law as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements.

 

Without limiting the generality of the foregoing, in the event that the Borrower is resident for tax purposes in the United States of America, any Foreign Lender shall deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the request of the Borrower or the Administrative Agent, but only if such Foreign Lender is legally entitled to do so), whichever of the following is applicable:

 

(a)           duly completed copies of Internal Revenue Service Form W-8BEN claiming eligibility for benefits of an income tax treaty to which the United States of America is a party,

 

(b)           duly completed copies of Internal Revenue Service Form W-8ECI,

 

(c)           in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under section 881(c) of the Code, (i) a certificate to the effect that such Foreign Lender is not (A) a “bank” within the meaning of section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of the Borrower within the meaning of section 881(c)(3)(B) of the Code, or (C) a “controlled foreign corporation” described in section

 

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881(c)(3)(C) of the Code and (ii) duly completed copies of Internal Revenue Service Form W-8BEN, or

 

(d)           any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in United States Federal withholding tax duly completed together with such supplementary documentation as may be prescribed by applicable law to permit the Borrower to determine the withholding or deduction required to be made.

 

(e)           Treatment of Certain Refunds. If the Administrative Agent, or a Lender determines, in its sole discretion, that it has received a refund of any Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid additional amounts pursuant to this Section, it shall pay to the Borrower an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower under this Section with respect to the Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses of the Administrative Agent, or such Lender, as the case may be, and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund), provided that the Borrower, upon the request of the Administrative Agent or such Lender, agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent, such Lender in the event the Administrative Agent, such Lender is required to repay such refund to such Governmental Authority. This paragraph shall not be construed to require the Administrative Agent or any Lender to make available its tax returns (or any other information relating to its taxes that it deems confidential) to the Borrower or any other Person.

 

ARTICLE III

 

REPRESENTATIONS AND WARRANTIES

 

To induce the Lenders to enter into this Credit Agreement and to make the Term Loan herein provided for, the Credit Parties hereby represent and warrant to the Administrative Agent and to each Lender that:

 

Section 3.1            Financial Condition.

 

(a)           (i) The audited Consolidated balance sheets of the Borrower and its Subsidiaries as of January 31, 2004, January 29, 2005 and January 28, 2006 together with the related Consolidated statements of income or operations, and Consolidated statements of shareholders’ equity and cash flows for the fiscal years ended on such dates, (ii) the unaudited Consolidated balance sheets of the Borrower and its Subsidiaries as of July 29, 2006, together with the related unaudited Consolidated statements of income or operations and Consolidated cash flows (to the extent available) for the twelve-month period ending on July 29, 2006 and (iii) an unaudited pro forma consolidated balance sheet of the Borrower and its Subsidiaries as of July 29, 2006:

 

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(A)          were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein;

 

(B)           fairly present the financial condition of the Borrower and its Subsidiaries as of the date thereof (subject, in the case of the unaudited financial statements, to normal year-end adjustments) and results of operations for the period covered thereby; and

 

(C)           show all material Indebtedness and other liabilities, direct or contingent, of the Borrower and its Subsidiaries as of the date thereof, including liabilities for taxes, material commitments and contingent obligations required to be included in accordance with GAAP.

 

(b)           The projections through the fiscal year ending January, 2009 of the Borrower and its Subsidiaries delivered to the Lenders on or prior to the Closing Date have been prepared in good faith based upon reasonable assumptions contained therein.

 

Section 3.2            No Change.

 

Since January 28, 2006, except as disclosed in the quarterly and annual reports filed by the Borrower with the SEC,  there has been no development or event which, individually or in the aggregate, has had or could reasonably be expected to have a Material Adverse Effect.

 

Section 3.3            Corporate Existence; Compliance with Law.

 

Each of the Credit Parties (a) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, (b) has the requisite power and authority and the legal right to own and operate all its property, to lease the property it operates as lessee and to conduct the business in which it is currently engaged, (c) is duly qualified to conduct business and is in good standing under the laws of (i) the jurisdiction of its organization, (ii) the jurisdiction where its chief executive office is located and (iii) each other jurisdiction where its ownership, lease or operation of property or the conduct of its business requires such qualification except to the extent that the failure to so qualify or be in good standing could not, individually or in the aggregate, reasonably be expected to have a material adverse effect on the business or operations of the Credit Parties and their Subsidiaries in such jurisdiction and (d) is in compliance with all Requirements of Law, government permits and government licenses except to the extent that the failure to comply therewith could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The jurisdictions in which the Credit Parties as of the Closing Date are organized and qualified to do business are described on Schedule 3.3.

 

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Section 3.4            Corporate Power; Authorization; Enforceable Obligations.

 

Each of the Credit Parties has full power and authority and the legal right to make, deliver and perform the Credit Documents to which it is party and has taken all necessary limited liability company or corporate action to authorize the execution, delivery and performance by it of the Credit Documents to which it is party. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the borrowings hereunder or with the execution, delivery or performance of any Credit Document by any of the Credit Parties (other than those that have been obtained) or with the validity or enforceability of any Credit Document against any of the Credit Parties (except such filings as are necessary in connection with the perfection of the Liens created by such Credit Documents). Each Credit Document to which it is a party has been duly executed and delivered on behalf of each Credit Party. Each Credit Document to which it is a party constitutes a legal, valid and binding obligation of each Credit Party, enforceable against such Credit Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

 

Section 3.5            No Legal Bar; No Default.

 

The execution, delivery and performance of the Credit Documents, the borrowings thereunder and the use of the proceeds of the Term Loan will not violate any Requirement of Law or any Contractual Obligation of any Credit Party (except as set forth on Schedule 3.5 and except those as to which waivers or consents have been obtained), and will not result in, or require, the creation or imposition of any Lien on any Credit Party’s properties or revenues pursuant to any Requirement of Law or Contractual Obligation other than the Liens arising under or contemplated in connection with the Credit Documents. No Credit Party is in default under or with respect to any of its Material Contracts in any material respect. No Default or Event of Default has occurred and is continuing.

 

Section 3.6            No Material Litigation.

 

No litigation, investigation, claim, criminal prosecution, civil investigative demand, imposition of criminal or civil fines and penalties, or any other proceeding of or before any arbitrator or Governmental Authority is pending or, to the best knowledge of the Credit Parties, threatened by or against any Credit Party or any of its Subsidiaries or against any of its or their respective properties or revenues (a) with respect to the Credit Documents or the Term Loan or any of the transactions contemplated hereby, or (b) which, if adversely determined, could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

 

Section 3.7            Investment Company Act;  Etc.

 

No Credit Party is an “investment company”, or a company “controlled” by an “investment company”, within the meaning of the Investment Company Act of 1940, as amended. No Credit Party is subject to regulation under the Federal Power Act, the Interstate

 

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Commerce Act, or any federal or state statute or regulation limiting its ability to incur the Credit Party Obligations.

 

Section 3.8            Margin Regulations.

 

No part of the proceeds of the Term Loan hereunder will be used directly or indirectly for any purpose that violates, or that would be inconsistent with, the provisions of Regulation T, U or X of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. The Credit Parties and their Subsidiaries (a) are not engaged, principally or as one of their important activities, in the business of extending credit for the purpose of “purchasing” or “carrying” “margin stock” within the respective meanings of each of such terms under Regulation U and (b) taken as a group do not own “margin stock” except as identified in the financial statements referred to in Section 3.1 and the aggregate value of all “margin stock” owned by the Credit Parties and their Subsidiaries taken as a group does not exceed 25% of the value of their assets.

 

Section 3.9            ERISA.

 

Neither a Reportable Event nor an “accumulated funding deficiency” (within the meaning of Section 412 of the Code or Section 302 of ERISA) has occurred during the five-year period prior to the date on which this representation is made or deemed made with respect to any Plan, and each Plan has complied in all material respects with the applicable provisions of ERISA and the Code. No termination of a Single Employer Plan has occurred resulting in any liability that has remained underfunded, and no Lien in favor of the PBGC or a Plan has arisen, during such five-year period. The present value of all accrued benefits under each Single Employer Plan (based on those assumptions used to fund such Plans) did not, as of the last annual valuation date prior to the date on which this representation is made or deemed made, exceed the value of the assets of such Plan allocable to such accrued benefits. Neither any Credit Party nor any Commonly Controlled Entity is currently subject to any liability for a complete or partial withdrawal from a Multiemployer Plan.

 

Section 3.10         Environmental Matters.

 

Except for matters which, either individually or in the aggregate, could not reasonably be expected to have a Mortgaged Property MAE:

 

(a)           The facilities, Collateral and properties owned, leased or operated by the Credit Parties or any of their Subsidiaries (the “Properties”) do not contain any Materials of Environmental Concern in amounts or concentrations which (i) constitute a violation of, or (ii) could give rise to liability under, any Environmental Law.

 

(b)           The Properties and all operations of the Credit Parties and/or their Subsidiaries at the Properties are in compliance, and have in the last five years been in compliance, in all material respects with all applicable Environmental Laws, and there is no contamination at, under or about the Properties or violation of any Environmental Law

 

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with respect to the Properties or the business operated by the Credit Parties or any of their Subsidiaries (the “Business”).

 

(c)           Neither the Credit Parties nor their Subsidiaries have received any written or actual notice of violation, alleged violation, non-compliance, liability or potential liability with respect to environmental matters or Environmental Laws regarding any of the Properties or the Business, nor do the Credit Parties and their Subsidiaries have knowledge or reason to believe that any such notice will be received or is being threatened.

 

(d)           Materials of Environmental Concern have not been transported, generated, treated, stored or disposed of from, on or under the Properties in violation of, or in a manner or to a location that could give rise to liability under any Environmental Law.

 

(e)           No judicial proceeding or governmental or administrative action is pending or, to the knowledge of the Credit Parties and their Subsidiaries, threatened, under any Environmental Law to which any Credit Party or any Subsidiary is or will be named as a party with respect to the Properties or the Business, nor are there any consent decrees or other decrees, consent orders, administrative orders or other orders, or other administrative or judicial requirements outstanding under any Environmental Law with respect to the Properties or the Business.

 

(f)            The Credit Parties and their Subsidiaries: (i) hold all Environmental Permits (each of which is in full force and effect) required for any of their current operations or for any property owned, leased, or otherwise operated by any of them; (ii) are, and within the period of all applicable statutes of limitation have been, in compliance with all of their Environmental Permits; and (iii) reasonably believe that:  each of their Environmental Permits will be timely renewed and complied with, without material expense; any additional Environmental Permits that may be required of any of them will be timely obtained and complied with, without material expense; and compliance with any Environmental Law that is or is expected to become applicable to any of them will be timely attained and maintained, without material expense.

 

Section 3.11         Use of Proceeds.

 

The proceeds of the Term Loan shall be used by the Borrower solely (a) to refinance certain existing Indebtedness of the Borrower and its Subsidiaries (including the Convertible Senior Notes), (b) to pay any fees and expenses associated with this Credit Agreement on the Closing Date and (c) for general corporate purposes of the Credit Parties and their Subsidiaries.

 

Section 3.12         Subsidiaries.

 

Set forth on Schedule 3.12 is a complete and accurate list of all Subsidiaries of the Credit Parties as of the Closing Date. The outstanding Capital Stock and other equity interests of all such Subsidiaries is validly issued, fully paid and non-assessable and is owned free and clear of

 

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all Liens (other than those arising under or contemplated in connection with the Credit Documents).

 

Section 3.13         Ownership.

 

Each of the Credit Parties and its Subsidiaries has title to all of its Mortgaged Properties free from any Lien other than Permitted Liens. Each of the Credit Parties and its Subsidiaries has title to all of its assets other than Mortgaged Properties subject to Permitted Liens and except for matters with respect to such assets that, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

 

Section 3.14         Indebtedness.

 

Except as otherwise permitted under Section 6.1, the Credit Parties and their Subsidiaries have no Indebtedness.

 

Section 3.15         Taxes.

 

Except for matters that, either individually or in the aggregate, could not reasonably be expected to have a Mortgaged Property MAE, each of the Credit Parties and their Subsidiaries has filed, or caused to be filed, all tax returns (federal, state, local and foreign) required to be filed and paid (a) all amounts of taxes shown thereon to be due (including interest and penalties) and (b) all other taxes, fees, assessments and other governmental charges (including mortgage recording taxes, documentary stamp taxes and intangibles taxes) owing by it, except for such taxes (i) that are not yet delinquent or (ii) that are being contested in good faith and by proper proceedings, and against which adequate reserves are being maintained in accordance with GAAP.

 

Section 3.16         Intellectual Property Rights.

 

Each of the Credit Parties and their Subsidiaries owns, or has the legal right to use, all Intellectual Property, tradenames, technology, know-how and processes necessary for each of them to conduct its business as currently conducted. No claim has been asserted and is pending by any Person challenging or questioning the use of any such Intellectual Property or the validity or effectiveness of any such Intellectual Property, nor do the Credit Parties or any of their Subsidiaries know of any such claim, and, to the knowledge of the Credit Parties and their Subsidiaries, the use of such Intellectual Property by the Credit Parties or any of their Subsidiaries does not infringe on the rights of any Person in any material respect.

 

Section 3.17         Solvency.

 

After giving effect to the Transactions, the fair saleable value of each Credit Party’s assets, measured on a going concern basis, exceeds all probable liabilities, including those to be incurred pursuant to this Credit Agreement. None of the Credit Parties (a) has unreasonably small capital in relation to the business in which it is or proposes to be engaged or (b) has incurred, or believes that it will incur after giving effect to the Transactions, debts beyond its

 

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ability to pay such debts as they become due. In executing the Credit Documents and consummating the Transactions, none of the Credit Parties intends to hinder, delay or defraud either present or future creditors or other Persons to which one or more of the Credit Parties is or will become indebted.

 

Section 3.18         Investments.

 

All Investments of each of the Credit Parties and their Subsidiaries are permitted by Section 6.5.

 

Section 3.19         Location of Collateral.

 

Set forth on Schedule 3.19(a) is a list of all Mortgaged Properties of the Credit Parties and their Subsidiaries as of the Closing Date with street address, city and state where located. Set forth on Schedule 3.19(b) is the chief executive office of each of the Credit Parties and their Subsidiaries as of the Closing Date. The state of incorporation or organization of each of the Credit Parties is as set forth on Schedule 3.3.

 

Section 3.20         No Burdensome Restrictions.

 

None of the Credit Parties and their Subsidiaries is a party to any agreement or instrument or subject to any other obligation or any charter or corporate restriction or any provision of any applicable law, rule or regulation which, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.

 

Section 3.21         Brokers’ Fees.

 

None of the Credit Parties and their Subsidiaries has any obligation to any Person in respect of any finder’s, broker’s, investment banking or other similar fee in connection with any of the transactions contemplated under the Credit Documents other than the closing and other fees payable pursuant to this Credit Agreement and as set forth in the Engagement Letter.

 

Section 3.22         Labor Matters.

 

There are no collective bargaining agreements or Multiemployer Plans covering the employees of the Credit Parties or any of their Subsidiaries as of the Closing Date, other than as set forth in Schedule 3.22 hereto, and none of the Credit Parties and their Subsidiaries (a) has suffered any strikes, walkouts, work stoppages or other material labor difficulty within the last five years, other than as set forth in Schedule 3.22 hereto, or (b) has knowledge of any potential or pending strike, walkout or work stoppage. Other than as set forth on Schedule 3.22, no unfair labor practice complaint is pending against any Credit Party or any of its Subsidiaries that is reasonably likely to result in a Material Adverse Effect.

 

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Section 3.23         Accuracy and Completeness of Information.

 

All factual information heretofore, contemporaneously or hereafter furnished by or on behalf of any Credit Party or any of its Subsidiaries to the Administrative Agent, the Arranger or any Lender for purposes of or in connection with this Credit Agreement or any other Credit Document, or any transaction contemplated hereby or thereby, is or will be true and accurate in all material respects and not incomplete by omitting to state any material fact necessary to make such information not misleading.

 

Section 3.24         Material Contracts.

 

Schedule 3.24 sets forth a complete and accurate list of all Material Contracts of the Credit Parties and their Subsidiaries in effect as of the Closing Date. Each such Material Contract is, and after giving effect to the Transactions will be, in full force and effect in accordance with the terms thereof. The Credit Parties and their Subsidiaries have delivered to the Administrative Agent a true and complete copy of each Material Contract.

 

Section 3.25         Insurance.

 

The insurance coverage of the Credit Parties and their Subsidiaries as of the Closing Date is outlined as to carrier, policy number, expiration date, type and amount on Schedule 3.25 and such insurance coverage complies with the requirements set forth in Section 5.5(b), (d) and (e).

 

Section 3.26         Security Documents.

 

The Security Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby. Except as set forth in the Security Documents, such security interests and Liens are currently (or will be, upon the recordation of the applicable Mortgage Instruments, in each case in favor of the Administrative Agent, on behalf of the Lenders) perfected security interests and Liens, prior to all other Liens other than Permitted Liens.

 

Section 3.27         Classification of Senior Indebtedness.

 

The Credit Party Obligations constitute “Designated Senior Indebtedness” or “Senior Indebtedness” (or any similar classification) under and as defined in any agreement governing any Subordinated Debt and the subordination provisions set forth in each such agreement are legally valid and enforceable against the parties thereto and the Administrative Agent and the Lenders are entitled to rely on such subordination provisions. Except as set forth on Schedule 3.27, the incurrence of the Credit Party Obligations and the granting of Liens on the assets of the Credit Parties to secure the Credit Party Obligations is permitted by the terms of any senior note purchase agreements to which a Credit Party or any Subsidiary thereof is a party and will not require the granting of a Lien to the holder of any senior note.

 

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Section 3.28         Anti-Terrorism Laws.

 

Neither any Credit Party nor any of its Subsidiaries is an “enemy” or an “ally of the enemy” within the meaning of Section 2 of the Trading with the Enemy Act of the United States of America (50 U.S.C. App. §§ 1 et seq.), as amended. Neither any Credit Party nor any of its Subsidiaries is in violation of (a) the Trading with the Enemy Act, as amended, (b) any of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) or any enabling legislation or executive order relating thereto or (c) the Patriot Act (as defined in Section 9.18). None of the Credit Parties (i) is a blocked person described in Section 1 of the Anti-Terrorism Order or (ii) to the best of its knowledge, engages in any dealings or transactions, or is otherwise associated, with any such blocked person.

 

Section 3.29         Compliance with OFAC Rules and Regulations.

 

None of the Credit Parties or their Subsidiaries or, to the actual knowledge of any Credit Party, their respective Affiliates (a) is a Sanctioned Person, (b) has more than 15% of its assets in Sanctioned Countries, or (c) derives more than 15% of its operating income from investments in, or transactions with Sanctioned Persons or Sanctioned Countries. No part of the proceeds of the Term Loan will be used directly or indirectly to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Country.

 

Section 3.30         Compliance with FCPA.

 

Each of the Credit Parties and their Subsidiaries is in compliance with the Foreign Corrupt Practices Act, 15 U.S.C. §§ 78dd-1, et seq., and any foreign counterpart thereto. None of the Credit Parties and their Subsidiaries has made a payment, offering, or promise to pay, or authorized the payment of, money or anything of value (a) in order to assist in obtaining or retaining business for or with, or directing business to, any foreign official, foreign political party, party official or candidate for foreign political office, (b) to a foreign official, foreign political party or party official or any candidate for foreign political office, and (c) with the intent to induce the recipient to misuse his or her official position to direct business wrongfully to such Credit Party or its Subsidiary or to any other Person, in violation of the Foreign Corrupt Practices Act, 15 U.S.C. §§ 78dd-1, et seq.

 

Section 3.31         Mortgaged Properties.

 

(a)           Compliance with Laws. Except for matters that, either individually or in the aggregate, could not reasonably be expected to have a Mortgaged Property MAE, each Credit Party and each Mortgaged Property and the use thereof comply in all material respects with all applicable Requirements of Law (including with respect to the American Disabilities Act, parking and applicable zoning and land use laws, regulations and ordinances). Each Mortgaged Property is used by a Credit Party or its tenant (or other occupant) exclusively for retail use, warehouse, office use, automobile service or other lawful commercial uses and other lawful uses appurtenant or ancillary thereto. Except for matters that, either individually or in the aggregate, could not reasonably be expected to have a Mortgaged Property MAE, (i) no legal proceedings are pending or, to the

 

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knowledge of the Borrower, threatened with respect to the zoning of any Mortgaged Property, (ii) neither the zoning nor any other right to construct, use or operate any Mortgaged Property is in any way dependent upon or related to any property other than such Mortgaged Property, (iii) all certifications, permits, licenses and approvals, including certificates of completion and occupancy permits required for the legal use, occupancy and operation of the Mortgaged Properties (collectively, the “Licenses”) have been obtained and are in full force and effect, (iv) the use being made of each Mortgaged Property is in conformity with the certificate of occupancy issued for such Mortgaged Property, if a certificate of occupancy is required, or is otherwise operating in conformity with other required approvals and (v) is in conformity with all other restrictions, covenants and conditions affecting such Mortgaged Property.

 

(b)           Leases. Except as set forth on Schedule 3.31(b), none of the Mortgaged Properties is subject to any lease or sublease, including any ground lease.

 

(c)           Utilities and Public Access; Parking. (i) Each Mortgaged Property has adequate rights of access to public ways and is served by water, sewer, sanitary sewer and storm drain facilities adequate to service such Mortgaged Property for its intended uses, (ii) all public utilities necessary to the full use and enjoyment of each Mortgaged Property as currently used and enjoyed are located either in the public right-of-way abutting such Mortgaged Property (which are connected so as to serve the Mortgaged Property without passing over other property) or in recorded easements serving the Mortgaged Property and such easements are set forth in and insured by the applicable Title Insurance Policy and (iii) except for matters that, either individually or in the aggregate, could not reasonably be expected to have a Mortgaged Property MAE, each Mortgaged Property has sufficient parking (whether by right, pursuant to an REA or pursuant to an irrevocable easement) to the extent required to comply with all Requirements of Law.

 

(d)           Physical Condition. The Mortgaged Properties, including, without limitation, all buildings, improvements, parking facilities, sidewalks, storm drainage systems, roofs, plumbing systems, HVAC systems, fire protection systems, electrical systems, equipment, elevators, exterior sidings and doors, landscaping, irrigation systems and all structural components, are in serviceable condition, order and repair in all material respects (ordinary wear and tear excepted). Except for matters that, either individually or in the aggregate, could not reasonably be expected to have a Mortgaged Property MAE, there exists no material structural, mold or other material defects or damages in any Mortgaged Property, as a result of a casualty or otherwise, and whether latent or otherwise. Borrower has not received notice from any insurance company or bonding company of any defects or inadequacies in any Mortgaged Property, or any part thereof, which would adversely affect the insurability of the same or cause the imposition of extraordinary premiums or charges thereon or of any termination or threatened termination of any policy of insurance or bond.

 

(e)           Condemnation. Except for those partial takings set forth on Schedule 3.31(e), no Condemnation or other proceeding has been commenced or, to the

 

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Borrower’s best knowledge, is threatened or contemplated with respect to all or any portion of the Mortgaged Properties or for the relocation of roadways providing access to any Mortgaged Property.

 

(f)            Separate Lots; Assessments. Each Mortgaged Property is assessed for real estate tax purposes as one or more wholly independent tax lot or lots, separate from any adjoining land or improvements not constituting a part of such lot or lots, and no other land or improvements is assessed and taxed together with such Mortgaged Property or any portion thereof. Except for matters that, either individually or in the aggregate, could not reasonably be expected to have a Mortgaged Property MAE, there are no pending or proposed special or other assessments for public improvements or otherwise affecting any Mortgaged Property, nor are there any contemplated improvements to such Mortgaged Property that may result in such special or other assessments.

 

(g)           Boundaries. Except to the extent affirmatively insured over under the title policies and except for matters that, either individually or in the aggregate, could not reasonably be expected to have a Mortgaged Property MAE, (i) none of the Improvements which were included in determining the appraised value of the any Mortgaged Property lie outside the boundaries and building restriction lines of such Mortgaged Property to any material extent, and (ii) no improvements on adjoining properties encroach upon the such Mortgaged Property and no easements or other encumbrances upon such Mortgaged Property encroach upon any of the Improvements so as to materially affect the value or marketability of such Mortgaged Property.

 

(h)           Reciprocal Easement Agreements. Except for matters that, either individually or in the aggregate, could not reasonably be expected to have a Mortgaged Property MAE, neither any Credit Party nor any Subsidiary thereof is in default (nor has any notice been given or received with respect to any alleged or current default) under any of the terms and conditions of a REA, and each REA remains unmodified and in full force and effect. To the Credit Parties’ knowledge, all easements granted pursuant to any REA that were to have survived the site preparation and completion of construction (to the extent the same has been completed), remain in full force and effect and have not been released, terminated, extinguished or discharged by agreement or otherwise. All material sums due and owing by a Credit Party to other parties to any REA (or, to the Credit Parties’ knowledge, by the other parties to each REA to a Credit Party) pursuant to the terms of such REA (including, without limitation, all sums, charges, fees, assessments, costs and expenses in connection with any taxes, site preparation and construction, non-shareholder contributions, and common area and other property management activities) have been paid, and no Lien has attached on any Mortgaged Property (or threat thereof has been made) for failure to pay any of the foregoing.

 

(i)            No Flood Hazard Properties. No Mortgaged Property is a Flood Hazard Property unless flood insurance acceptable to Administrative Agent has been provided for such Mortgaged Property.

 

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ARTICLE IV

 

CONDITIONS PRECEDENT

 

Section 4.1                                   Conditions to Closing Date.

 

This Credit Agreement shall become effective upon, and the obligation of each Lender to make its portion of the Term Loan on the Closing Date is subject to, the satisfaction of the following conditions precedent:

 

(a)                                  Execution of Credit Agreement and Credit Documents. The Administrative Agent shall have received (i) counterparts of this Credit Agreement, executed by a duly authorized officer of each party hereto, (ii) for the account of each Lender requesting a note, a Term Loan Note, (iii) counterparts of each Mortgage Instrument, in each case conforming to the requirements of this Credit Agreement and executed by duly authorized officers of the Credit Parties or other Person, as applicable, and (iv) counterparts of any other Credit Document, executed by the duly authorized officers of the parties thereto.

 

(b)                                 Corporate Documents. The Administrative Agent shall have received a (i) certificate for each Credit Party, certified by an officer of such Credit Party as of the Closing Date, certifying that the (A) articles of incorporation, partnership agreement or other charter documents of such Credit Party, and (B) the bylaws or other operating agreement of such Credit Party, which were delivered to the Administrative Agent in connection with the closing of the Existing Credit Agreement, have not been rescinded or modified, have been in full force and effect since the closing date of the Existing Credit Agreement and are in full force and effect as of the Closing Date, (ii) resolutions of the board of directors or other comparable governing body of such Credit Party approving and adopting the Credit Documents, the transactions contemplated herein and authorizing the execution and delivery hereof, (iii) copies of certificates of good standing, existence or its equivalent with respect to each Credit Party certified as of a recent date by the appropriate Governmental Authorities of the state of incorporation and each other state in which the failure to so qualify and be in good standing could reasonably be expected to have a Material Adverse Effect and (iv) an incumbency certificate of each Credit Party certified by a secretary or assistant secretary (pursuant to a secretary’s certificate in substantially the form of Schedule 4.1(b) attached hereto) to be true and correct as of the Closing Date.

 

(c)                                  Legal Opinion of Counsel. The Administrative Agent shall have received an opinion or opinions of counsel for the Credit Parties, dated the Closing Date and addressed to the Administrative Agent and the Lenders, in form and substance acceptable to the Administrative Agent (which shall include, without limitation, opinions with respect to the valid existence of each Credit Party, opinions as to perfection of the Liens granted to the Administrative Agent pursuant to the Security Documents and opinions as to the non-contravention of the Credit Parties’ organizational documents and Material Contracts).

 

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(d)                                 Real Property Collateral. The Administrative Agent shall have received, to the extent not already received in connection with the Existing Credit Agreement, in form and substance satisfactory to the Administrative Agent and the Lenders:

 

(i)                                     to the extent required by the Administrative Agent, searches of Uniform Commercial Code filings in each jurisdiction where any Collateral is located or where a filing would need to be made in order to perfect the Lenders’ security interest in the Collateral, copies of the financing statements on file in such jurisdictions and evidence that no Liens exist other than Permitted Liens;

 

(ii)                                  completed UCC financing statements for each appropriate jurisdiction as is necessary, in the Administrative Agent’s sole discretion, to perfect the Lenders’ security interest in the Collateral;

 

(iii)                               fully executed and notarized Mortgage Instruments encumbering the Mortgaged Properties listed on Schedule 3.19(a);

 

(iv)                              with respect to each Mortgaged Property listed in Schedule 3.19(a), a Mortgage Title Insurance Policy assuring the Administrative Agent that the Mortgage Instrument with respect to such Mortgaged Property creates a valid and enforceable first priority mortgage lien on such Mortgaged Property, free and clear of all defects and encumbrances except Permitted Liens, which Mortgage Title Insurance Policy shall be in form and substance reasonably satisfactory to the Administrative Agent and shall provide for affirmative insurance and such reinsurance as the Administrative Agent may reasonably request, all of the foregoing in form and substance reasonably satisfactory to the Administrative Agent;

 

(v)                                 evidence as to (A) whether any Mortgaged Property listed in Schedule 3.19(a) is a Flood Hazard Property and (B) if any Mortgaged Property is a Flood Hazard Property, (y) the applicable Credit Party’s written acknowledgment of receipt of written notification from the Administrative Agent (I) as to the fact that such Mortgaged Property is a Flood Hazard Property and (II) as to whether the community in which each such Flood Hazard Property is located is participating in the National Flood Insurance Program and (z) copies of insurance policies or certificates of insurance of the Credit Parties and their Subsidiaries evidencing flood insurance reasonably satisfactory to the Administrative Agent and naming the Administrative Agent as loss payee on behalf of the Lenders;

 

(vi)                              except as set forth in Section 5.15, maps or plats of an as-built survey of the sites of the Mortgaged Properties listed in Schedule 3.19(a) certified to the Administrative Agent and the Title Insurance Company in a manner reasonably satisfactory to them, dated the original date the survey was created and the day of the last revision by American National Surveyors, which maps or plats

 

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and the surveys on which they are based shall be sufficient to delete any standard printed survey exception contained in the applicable title policy and be made in accordance with the Minimum Standard Detail Requirements for Land Title Surveys jointly established and adopted by the American Land Title Association and the American Congress on Surveying and Mapping in 1999, and, without limiting the generality of the foregoing, there shall be surveyed and shown on such maps, plats or surveys the following: (A) the locations on such sites of all the buildings, structures and other improvements and the established building setback lines; (B) the lines of streets abutting the sites and width thereof; (C) all access and other easements appurtenant to the sites necessary to use the sites; (D) all roadways, paths, driveways, easements, encroachments and overhanging projections and similar encumbrances affecting the site, whether recorded, apparent from a physical inspection of the sites or otherwise known to the surveyor; (E) any encroachments on any adjoining property by the building structures and improvements on the sites; and (F) if the site is described as being on a filed map, a legend relating the survey to said map;

 

(vii)                           pollution and remediation legal liability insurance covering legal expenses, remediation costs and loss of value for all owned Mortgaged Properties listed in Schedule 3.19(a) relating to environmental issues on, under or emanating from the Property in such reasonable amounts as requested by the Administrative Agent;

 

(viii)                        opinions of counsel to the Credit Parties for each jurisdiction in which the Mortgaged Properties are located; and

 

(ix)                                a Mass Appraisal by Cushman & Wakefield for each owned Mortgaged Property not previously pledged as Collateral under the Existing Credit Agreement, in form and substance satisfactory to the Administrative Agent (the “2006 Appraisals”).

 

(e)                                  Liability, Casualty, Property and Business Interruption Insurance. The Administrative Agent shall have received copies of insurance policies or certificates of insurance evidencing liability, casualty, property and business interruption insurance meeting the requirements set forth herein or in the Security Documents. The Administrative Agent shall be named as loss payee, mortgagee and/or additional insured with respect to any such insurance providing liability coverage or coverage in respect of any Collateral, and each provider of any such insurance shall agree, by endorsement upon the policy or policies issued by it or by independent instruments furnished to the Administrative Agent, that it will give thirty (30) days prior written notice before any such policy or policies shall be altered or cancelled.

 

(f)                                    Litigation. There shall not exist (i) any material pending or threatened litigation, injunction, order or claim (A) which could have a material adverse effect on the business, properties, operations or financial condition of the Borrower and its Subsidiaries (taken as a whole) or (B) with respect to this Agreement or the other Credit

 

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Documents, or (ii) any pending or threatened bankruptcy or insolvency with respect to the Borrower or any of its Subsidiaries, in each case that has not been settled, dismissed, vacated, discharged or terminated prior to the Closing Date.

 

(g)                                 Solvency Certificate. The Administrative Agent shall have received an officer’s certificate prepared by the chief financial officer of the Borrower as to the financial condition, solvency and related matters of the Credit Parties and their Subsidiaries, taken as a whole, after giving effect to the initial borrowings under the Credit Documents, in substantially the form of Schedule 4.1(g) hereto.

 

(h)                                 Account Designation Letter. The Administrative Agent shall have received the executed Account Designation Letter in the form of Schedule 1.1(a) hereto.

 

(i)                                     Corporate Structure. The number of shares of each class of Capital Stock issued and outstanding and the ownership thereof of the Credit Parties and their Subsidiaries as of the Closing Date shall be as described in Schedule 3.12. The Administrative Agent shall be reasonably satisfied with the legal, tax, accounting, business, regulatory and other matters relating to the Transactions or to the Credit Parties and their Subsidiaries after giving effect thereto.

 

(j)                                     Consents. The Administrative Agent shall have received evidence that all boards of directors, governmental, shareholder and material third party consents and approvals necessary in connection with the Transactions have been obtained and all applicable waiting periods have expired without any action being taken by any authority that could restrain, prevent or impose any material adverse conditions on such transactions or that could seek or threaten any of the foregoing.

 

(k)                                  Compliance with Laws. The financings and other Transactions contemplated hereby shall be in compliance with all applicable laws and regulations (including all applicable securities and banking laws, rules and regulations).

 

(l)                                     Bankruptcy. There shall be no bankruptcy or insolvency proceedings with respect to Credit Parties or any of their Subsidiaries.

 

(m)                               Existing Indebtedness of the Credit Parties. All of the existing Indebtedness for borrowed money of the Borrower and its Subsidiaries (other than Indebtedness permitted to exist pursuant to Section 6.1) shall be repaid in full (or discharged in accordance with their respective terms) and all security interests related thereto shall be terminated on the Closing Date; provided that the Convertible Senior Notes shall be terminated on or prior to the Closing Date or the Borrower shall have irrevocably funded, on or prior to the Closing Date, to the applicable trustee the amount required to satisfy in full the Convertible Senior Notes on terms and conditions reasonably satisfactory to the Administrative Agent.

 

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(n)                                 Financial Statements. The Administrative Agent and the Lenders shall have received copies of the financial statements referred to in Section 3.1 hereof, each in form and substance satisfactory to it.

 

(o)                                 No Material Adverse Change. Since January 29, 2006, there has been no material adverse change in the business, properties, operations or financial condition of the Borrower and its Subsidiaries (taken as a whole) and there shall not have occurred any material disruption or material adverse change in the financial, banking or capital markets (including the loan syndication market) that has impaired or would impair the Arranger’s ability to syndicate the facilities.

 

(p)                                 Financial Condition Certificate. The Administrative Agent shall have received a certificate or certificates executed by a Responsible Officer of the Borrower as of the Closing Date stating that (i) to the knowledge of any Credit Party, there is no action, suit, investigation, litigation or proceeding pending or ongoing in any court or before any other Governmental Authority that purports to affect any Credit Party or any of its Subsidiaries, or any transaction contemplated by the Credit Documents, which action, suit, investigation, litigation or proceeding could reasonably be expected to have a Material Adverse Effect, that has not been settled, dismissed, vacated, discharged or terminated prior to the Closing Date, (ii) immediately after giving effect to this Credit Agreement, the other Credit Documents, and all the Transactions contemplated to occur on such date, (A) no Default or Event of Default exists, (B) all representations and warranties contained herein and in the other Credit Documents are true and correct in all material respects, and (C) the Credit Parties are in pro forma compliance with the initial financial covenant set forth in Section 5.9 (as evidenced through detailed calculations of such financial covenant on a schedule to such certificate) as of the last day of the month immediately preceding the Closing Date and (iii) each of the conditions precedent in Sections 4.1 have been satisfied.

 

(q)                                 Material Contracts. The Administrative Agent shall have received true and complete copies, certified by an officer of the Borrower as true and complete, of all Material Contracts, together with all exhibits and schedules.

 

(r)                                    Patriot Act Certificate. The Administrative Agent shall have received a certificate satisfactory thereto, for benefit of itself and the Lenders, provided by the Borrower that sets forth information required by the Patriot Act (as defined in Section 9.18) including, without limitation, the identity of the Credit Parties, the name and address of the Credit Parties and other information that will allow the Administrative Agent or any Lender, as applicable, to identify the Borrower in accordance with the Patriot Act.

 

(s)                                  Debt Ratings. The Term Loan shall have received Debt Ratings from S&P and Moody’s.

 

(t)                                    Fees. The Administrative Agent and the Lenders shall have received all fees, if any, owing pursuant to the Engagement Letter and Section 2.3.

 

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(u)                                 Additional Matters. All other documents and legal matters in connection with the transactions contemplated by this Credit Agreement shall be reasonably satisfactory in form and substance to the Administrative Agent and its counsel.

 

ARTICLE V

 

AFFIRMATIVE COVENANTS

 

The Credit Parties hereby covenant and agree that on the Closing Date, and thereafter for so long as this Credit Agreement is in effect and until no Term Note remains outstanding and unpaid and the Credit Party Obligations and all other amounts owing to the Administrative Agent or any Lender hereunder are paid in full, the Credit Parties shall, and shall cause each of their Subsidiaries (other than in the case of Sections 5.1 or 5.2 hereof), to:

 

Section 5.1                                   Financial Statements.

 

Furnish to the Administrative Agent and each of the Lenders:

 

(a)                                  Annual Financial Statements. As soon as available and in any event no later than the earlier of (i) to the extent applicable, the date the Borrower is required by the SEC to deliver its Form 10-K for any fiscal year of the Borrower and (ii) ninety (90) days after the end of each fiscal year of the Borrower, a copy of the Consolidated balance sheet of the Borrower and its Subsidiaries as at the end of such fiscal year and the related Consolidated statements of income and retained earnings and of cash flows of the Borrower and its consolidated Subsidiaries for such year, which shall be audited by a firm of independent certified public accountants of nationally recognized standing reasonably acceptable to the Required Lenders, setting forth in each case in comparative form the figures for the previous year, reported on without a “going concern” or like qualification or exception, or qualification indicating that the scope of the audit was inadequate to permit such independent certified public accountants to certify such financial statements without such qualification and without any other material qualification or exception; provided, however, if the Administrative Agent or any Lender requires such delivery through any means other than filing such financial statements with the SEC, such delivery by other means shall occur not later than five (5) days following such filing with the SEC;

 

(b)                                 Quarterly Financial Statements. As soon as available and in any event no later than the earlier of (i) to the extent applicable, the date the Borrower is required by the SEC to deliver its Form 10-Q for any fiscal quarter of the Borrower and (ii) forty-five (45) days after the end of each fiscal quarter of the Borrower, a copy of the Consolidated balance sheet of the Borrower and its consolidated Subsidiaries as at the end of such period and related Consolidated and consolidating statements of income and retained earnings and of cash flows for the Borrower and its Subsidiaries for such quarterly period and for the portion of the fiscal year ending with such period, in each case setting forth in comparative form consolidated figures for the corresponding period or periods of the

 

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preceding fiscal year (subject to normal recurring year-end audit adjustments); provided, however, if the Administrative Agent or any Lender requires such delivery through any means other than filing such financial statements with the SEC, such delivery by other means shall occur not later than five (5) days following such filing with the SEC; and

 

(c)                                  Annual Operating Budget and Cash Flow. Within five (5) days of approval by the Board of Directors of the Borrower, but in any event within sixty (60) days of the Borrower’s fiscal year end, a copy of the detailed annual operating budget or plan including cash flow projections of the Borrower and its Subsidiaries for the next four fiscal quarter periods prepared on a quarterly basis, in form and detail reasonably acceptable to the Administrative Agent and the Lenders, together with a summary of the material assumptions made in the preparation of such annual budget or plan;

 

except for projections provided in accordance with subsection (c) above, all such financial statements to be complete and correct in all material respects (subject, in the case of interim statements, to normal recurring year-end audit adjustments) and to be prepared in reasonable detail and, in the case of the annual and quarterly financial statements provided in accordance with subsections (a) and (b) above, in accordance with GAAP applied consistently throughout the periods reflected therein and further accompanied by a description of, and an estimation of the effect on the financial statements on account of, a change, if any, in the application of accounting principles as provided in Section 1.3.

 

Section 5.2                                   Certificates; Other Information.

 

Furnish to the Administrative Agent and each of the Lenders:

 

(a)                                  concurrently with the delivery of the financial statements referred to in Sections 5.1(a) and 5.1(b) above, (i) a certificate of a Responsible Officer substantially in the form of Schedule 5.2(a)(i) stating that, to the best of such Responsible Officer’s knowledge, none of the Credit Parties has obtained knowledge of any Default or Event of Default except as specified in such certificate and such certificate shall include the calculations in reasonable detail (A) required to indicate compliance with Section 5.9 as of the last day of such period and (B) determining the Senior Leverage Ratio as of the last day of such period to the extent the Senior Leverage Ratio meets the Senior Leverage Ratio Target and (ii) a Collateral Value Report substantially in the form of Schedule 5.2(a)(ii).

 

(b)                                 concurrently with or prior to the delivery of the financial statements referred to in Sections 5.1(a) and 5.1(b) above, (i) an updated copy of Schedule 3.12 if the Borrower or any of its Subsidiaries has formed or acquired a new Subsidiary since the Closing Date or since Schedule 3.12 was last updated, as applicable and (ii) an updated copy of Schedule 3.24 if any new Material Contract has been entered into since the Closing Date or since Schedule 3.24 was last updated, as applicable, together with a copy of each new Material Contract and (iii) an updated copy of Schedule 3.25 if the Borrower or any of its Subsidiaries has altered or acquired any insurance policies since the Closing Date in any material respect;

 

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(c)                                  within ninety (90) days after the end of each fiscal year of the Borrower, a certificate containing information regarding the amount of all Asset Dispositions and acquisitions that were made during the prior fiscal year and amounts received in connection with any Recovery Event during the prior fiscal year; and

 

(d)                                 promptly, such additional financial and other information as the Administrative Agent, on behalf of any Lender, may from time to time reasonably request.

 

Section 5.3                                   Payment of Taxes and Other Obligations.

 

Pay, discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, subject, where applicable, to specified grace periods, (a) its taxes (Federal, state, local and any other taxes), (b) its other obligations and liabilities of whatever nature in accordance with industry practice and (c) any additional costs that are imposed as a result of any failure to so pay, discharge or otherwise satisfy such taxes, obligations and liabilities, except when the amount to be paid, discharged or otherwise satisfied is less than $5,000,000 or when the amount or validity of any such taxes, obligations and liabilities is currently being contested in good faith by appropriate proceedings and reserves, if applicable, in conformity with GAAP with respect thereto have been provided on the books of the Credit Parties. The Borrower and its Subsidiaries shall not suffer and shall promptly cause to be paid and discharged any Lien or charge whatsoever which may be or become a Lien or charge against any Mortgaged Property (other than Permitted Liens), and shall promptly pay for all utility services provided to the Mortgaged Properties, except to the extent failure to pay such utility services could not reasonably be expected to have a Mortgaged Property MAE.

 

Section 5.4                                   Conduct of Business and Maintenance of Existence.

 

(a) Continue to engage in business of the same general type as now conducted by it on the Closing Date and preserve, renew and keep in full force and effect its corporate existence and take all reasonable action to maintain all rights, privileges and franchises necessary or desirable in the normal conduct of its business; (b) comply in all material respects with all Material Contracts; (c) comply with all Requirements of Law applicable to it except to the extent that failure to comply therewith could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect and (d) not commit, permit or suffer to exist any act or omission affording any Governmental Authority the right of forfeiture as against any Mortgaged Property or any part thereof or any monies paid in performance of Borrower’s obligations under any of the Credit Documents. The Borrower shall at all times maintain, preserve and protect all franchises and material trade names used in connection with the operation of the Mortgaged Properties.

 

Section 5.5                                   Maintenance of Property; Insurance.

 

(a)                                  Keep all material property useful and necessary in its business in good working order and condition (ordinary wear and tear and obsolescence excepted).

 

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(b)                                 Maintain with financially sound and reputable insurance companies having a claims paying ability rating of “A-” or better by S&P and Moody’s (or such other rating agencies acceptable to the Administrative Agent) liability, casualty, property and business interruption insurance (including, without limitation, insurance with respect to its Collateral) in at least such amounts and against at least such risks as are usually insured against in the same general area by companies engaged in the same or a similar business; and furnish to the Administrative Agent, upon the request of the Administrative Agent, full information as to the insurance carried. The Administrative Agent shall be named as loss payee or mortgagee, as its interest may appear, and/or additional insured with respect to any such casualty, property and liability insurance, as applicable.

 

(c)                                  Cause the Mortgaged Properties to be maintained in a good and safe condition and repair (excepting customary and ordinary wear and tear) and in accordance with the O&M Plans. The Improvements and the Fixtures shall not be removed, demolished or materially altered (except for replacement of the Fixtures in the ordinary course of business) without the prior written consent of Administrative Agent; provided that, the Credit Parties shall have the right to improve any Mortgaged Property so long as the economic value, useful life, utility, condition, operational capacity and functional capacity of such Mortgaged Property is not decreased or diminished by such improvement. If under applicable zoning provisions the use of all or any portion of any Mortgaged Property is or shall become a nonconforming use, the Credit Parties will not knowingly and intentionally cause or permit the nonconforming use to be discontinued or the nonconforming Improvement to be abandoned without the express written consent of Administrative Agent. The Credit Parties will not commit or suffer any waste of the Mortgaged Properties or take any action that invalidates or causes the cancellation of any insurance policy with respect to the Mortgaged Properties, or do or permit to be done on any Mortgaged Property anything that may in any way materially impair the value of such Mortgaged Property or the Lien on such Mortgaged Property (except for Permitted Liens). Subject to the rights of others under Permitted Liens, the Credit Parties will not, without the prior written consent of Administrative Agent, permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of any Mortgaged Property, regardless of the depth thereof or the method of mining or extraction thereof.

 

(d)                                 The Credit Parties shall obtain and maintain, or cause to be maintained, at all times insurance for the Credit Parties and each Mortgaged Property providing at least the following coverages:

 

(i)                                     comprehensive “all risk” insurance on the Improvements and the Fixtures, in each case (A) in an amount equal to one hundred percent (100%) of the “Full Replacement Cost,” which for purposes of this Agreement shall mean actual replacement value (exclusive of costs of excavations, foundations, underground utilities and footings) with a waiver of depreciation; (B) containing an agreed amount endorsement with respect to the Improvements and Fixtures waiving all co-insurance provisions; (C) providing for no deductible or self-insured retention in excess of $500,000 for all such insurance coverage; and (D) if

 

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any of the Improvements or the use of the Mortgaged Property shall at any time constitute “legal nonconforming” structures or uses, providing coverage for contingent liability from operation of building laws, demolition costs and increased cost of construction endorsements and containing an “Ordinance or Law Coverage” or “Enforcement” endorsement. In addition, Credit Parties shall obtain: (x) windstorm insurance in amounts and in form and substance acceptable to the Administration Agent; (y) if any portion of the Improvements is currently or at any time in the future located in a “special flood hazard area” designated by the Federal Emergency Management Agency, flood hazard insurance in an amount equal to the maximum amount of such insurance available under the National Flood Insurance Act of 1968, the Flood Disaster Protection Act of 1973 or the National Flood Insurance Reform Act of 1994, as each may be amended; and (z) earthquake insurance in amounts and in form and substance reasonably satisfactory to Administrative Agent in the event the Mortgaged Property is located in an area with a high degree of seismic risk;

 

(ii)                                  commercial general liability insurance against claims for personal injury, bodily injury, death or property damage occurring upon, in or about the Mortgaged Property, with such insurance (A) to be in an amount reasonably acceptable to the Administrative Agent; and (B) to cover at least the following hazards: (1) premises and operations; (2) products and completed operations; (3) independent contractors and (4) blanket contractual liability;

 

(iii)                               at all times during which structural construction, repairs or alterations are being made with respect to the Improvements, and only if the Mortgaged Property coverage form does not otherwise apply, (A) owner’s contingent or protective liability insurance covering claims not covered by or under the terms or provisions of the above mentioned commercial general liability insurance policy; and (B) the insurance provided for in subsection (i) above written in a so-called Builder’s Risk Completed Value form (1) on a non-reporting basis, (2) against “all risks” insured against pursuant to subsection (i) above, (3) including permission to occupy the Mortgaged Property, and (4) with an agreed amount endorsement waiving co-insurance provisions;

 

(iv)                              workers’ compensation, subject to applicable statutory limits, and employer’s liability insurance in respect of any work or operations on or about the Mortgaged Property, or in connection with such Mortgaged Property or its operation (if applicable); and

 

(v)                                 pollution and remediation legal liability insurance covering legal expenses, remediation costs and loss of value for all Mortgaged Properties relating to environmental issues on, under or emanating from the Mortgaged Property in such reasonable amounts as requested by the Administrative Agent; provided that (A) such insurance shall be (1) not less than $5,000,000 per Mortgaged Property per occurrence and (2) not less than $25,000,000 in the aggregate and (B) no deductible shall be in excess of $250,000.

 

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(e)                                  All insurance policies provided for in Section 5.5 shall contain clauses or endorsements to the effect that:

 

(i)                                     no act or negligence of any Credit Party, or anyone acting for any Credit Party, or any other tenant or other occupant, or failure to comply with the provisions of any insurance policy, which might otherwise result in a forfeiture of the insurance or any part thereof, shall in any way affect the validity or enforceability of the insurance insofar as Administrative Agent is concerned;

 

(ii)                                  the insurance policies shall not be materially changed (other than to increase the coverage provided thereby) or canceled without at least thirty (30) days’ prior written notice to Administrative Agent and any other party named therein as an additional insured;

 

(iii)                               the issuers thereof shall give written notice to Administrative Agent if the insurance policies have not been renewed thirty (30) days prior to its expiration; and

 

(iv)                              the Administrative Agent shall not be liable for any insurance premiums thereon or subject to any assessments thereunder.

 

(f)                                    If at any time Administrative Agent is not in receipt of written evidence that all insurance required hereunder is in full force and effect, the Administrative Agent shall have the right, without notice to the Credit Parties, to take such action as the Administrative Agent deems necessary to protect its interest in any Mortgaged Property, including, without limitation, obtaining such insurance coverage as Administrative Agent in its sole discretion deems appropriate. All premiums incurred by Administrative Agent in connection with such action or in obtaining such insurance and keeping it in effect shall be paid by the Credit Parties to the Administrative Agent upon demand and, until paid, shall be secured by the Mortgages and shall bear interest at the default rate set forth in Section 2.5.

 

(g)                                 Comply with all of the material terms and conditions in each REA.

 

Section 5.6                                   Inspection of Property; Books and Records; Discussions.

 

Keep proper books of records and account in which full, true and correct entries in conformity with GAAP and all Requirements of Law shall be made of all dealings and transactions in relation to its businesses and activities; and permit, during regular business hours and upon reasonable notice by the Administrative Agent, the Administrative Agent (at the request of any Lender or otherwise) to visit and inspect any Mortgaged Property or any other property where books and records are located and examine and make abstracts from any of its books and records at any reasonable time and as often as may reasonably be desired, and to discuss the business, operations, properties and financial and other condition of the Borrower and

 

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its Subsidiaries with officers and employees of the Borrower and its Subsidiaries and with its independent certified public accountants.

 

Section 5.7                                   Notices.

 

Give notice in writing to the Administrative Agent (which shall promptly transmit such notice to each Lender) of:

 

(a)                                  promptly, but in any event within two (2) Business Days after any Credit Party knows or has reason to know thereof, the occurrence of any Default or Event of Default;

 

(b)                                 promptly, any default or event of default under any Material Contract of any Credit Party or any of their Subsidiaries which, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect or involve a monetary claim in excess of $5,000,000;

 

(c)                                  promptly, any litigation, or any investigation or proceeding known to any Credit Party (i) affecting any Credit Party or any of their Subsidiaries which, if adversely determined, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect or involve a monetary claim in excess of $5,000,000, (ii) affecting or with respect to this Credit Agreement, any other Credit Document or any security interest or Lien created thereunder or (iii) involving an environmental claim or potential liability under Environmental Laws which could reasonably be expected to have, individually or in the aggregate, a Mortgaged Property MAE;

 

(d)                                 any labor controversy that has resulted in, or threatens to result in, a strike or other work action against any Credit Party which could reasonably be expected to have a Material Adverse Effect;

 

(e)                                  any attachment, judgment, lien, levy or order exceeding $5,000,000 that may be assessed against or threatened against any Credit Party other than Permitted Liens;

 

(f)                                    as soon as possible and in any event within thirty (30) days after any Credit Party knows or has reason to know thereof: (i) the occurrence or expected occurrence of any Reportable Event with respect to any Plan, a failure to make any required contribution to a Plan, the creation of any Lien in favor of the PBGC (other than a Permitted Lien) or a Plan or any withdrawal from, or the termination, Reorganization or Insolvency of, any Multiemployer Plan or (ii) the institution of proceedings or the taking of any other action by the PBGC or any Credit Party, any Commonly Controlled Entity or any Multiemployer Plan, with respect to the withdrawal from, or the terminating, Reorganization or Insolvency of, any Plan;

 

(g)                                 promptly, any notice of violation of any Requirement of Law received by a Credit Party from any Governmental Authority (including, without limitation, any

 

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notice of violation of Environmental Laws) to the extent such violation could result in a fine, penalty or other liability in excess of $75,000;

 

(h)                                 any (i) notice that any Governmental Authority has revoked or is likely to revoke any Environmental Permit held by, or has refused to issue or renew, or is likely to refuse to issue or renew, any Environmental Permit sought by, the Borrower or any of its Subsidiaries to the extent such revocation, non-renewal or refusal to issue could reasonably be expected to have a Mortgaged Property MAE; (ii) listing or proposal for listing any property owned, leased, or operated by the Borrower or any of its Subsidiaries on, any list maintained by any Governmental Authority for possible environmental investigation or remediation, including without limitation the National Priorities List and the Comprehensive Environmental Response, Compensation and Liability Information System list maintained by the U.S. Environmental Protection Agency and any similar list maintained by any other federal, state, local, or other authority; or (iii) development, event or condition that, individually or in the aggregate with other developments, events or conditions, could reasonably be expected to have a Mortgaged Property MAE; and

 

(i)                                     promptly, any other development or event which could reasonably be expected to have a Mortgaged Property MAE.

 

Each notice pursuant to this Section shall be accompanied by a statement of a Responsible Officer setting forth details of the occurrence referred to therein and stating what action the Credit Parties propose to take with respect thereto. In the case of any notice of a Default or Event of Default, the Borrower shall specify that such notice is a Default or Event of Default notice on the face thereof

 

Section 5.8                                   Environmental Laws.

 

(a)                                  Comply in all material respects with, and ensure compliance in all material respects by all tenants and subtenants, if any, with, all applicable Environmental Laws and obtain and comply in all material respects with and maintain, and ensure that all tenants and subtenants obtain and comply in all material respects with and maintain, any and all licenses, approvals, notifications, registrations or permits required by applicable Environmental Laws;

 

(b)                                 Conduct and complete all investigations, studies, sampling and testing, and all remedial, removal and other actions required under Environmental Laws and promptly comply in all material respects with all lawful orders and directives of all Governmental Authorities regarding Environmental Laws except to the extent that the same are being contested in good faith by appropriate proceedings; and

 

(c)                                  Defend, indemnify and hold harmless the Administrative Agent and the Lenders, and their respective employees, agents, officers and directors, from and against any and all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature known or unknown, contingent or otherwise, arising out of, or in any way relating to the violation of, noncompliance with or liability under,

 

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any Environmental Law applicable to the operations of the Credit Parties or any of their Subsidiaries or the Properties, or any orders, requirements or demands of Governmental Authorities related thereto, including, without limitation, reasonable attorney’s and consultant’s fees, investigation and laboratory fees, response costs, court costs and litigation expenses, except to the extent that any of the foregoing arise out of the gross negligence or willful misconduct of the party seeking indemnification therefor. The agreements in this paragraph shall survive repayment of the Credit Party Obligations and all other amounts payable hereunder and termination of the Term Loan Commitments and the Credit Documents.

 

Section 5.9                                   Financial Covenant.

 

Comply with the following financial covenant:

 

Minimum EBITDA. (a) As of the end of any month during which a Minimum EBITDA Maintenance Event has occurred and is continuing or (b) upon the occurrence of the fourth Minimum EBITDA Maintenance Event during the term of this Agreement and until the end of the term of this Agreement, the Borrower and its Subsidiaries (inclusive of the Insurance Subsidiary) shall have ABL Consolidated EBITDA for the twelve (12) consecutive months then ended of at least $170,000,000.

 

Section 5.10                            Additional Guarantors.

 

The Credit Parties will cause each of their Domestic Subsidiaries (other than the Insurance Subsidiary to the extent such Subsidiary is engaged in the insurance business and is regulated by the relevant Governmental Authority), whether newly formed, after acquired or otherwise existing to promptly (and in any event within thirty (30) days after such Domestic Subsidiary is formed or acquired (or such longer period of time as agreed to by the Administrative Agent in its reasonable discretion)) become a Guarantor hereunder by way of execution of a Joinder Agreement. In connection therewith, the Credit Parties shall give notice to the Administrative Agent not less than ten (10) days prior to creating a Domestic Subsidiary (or such shorter period of time as agreed to by the Administrative Agent in its reasonable discretion), or acquiring the Capital Stock of any other Person. In connection with the foregoing, the Credit Parties shall deliver to the Administrative Agent, with respect to each new Guarantor to the extent applicable, substantially the same documentation required pursuant to Sections 4.1 (b)-(e), (t) and 5.12 and such other documents or agreements as the Administrative Agent may reasonably request.

 

Section 5.11                            Compliance with Law.

 

Comply with all laws, rules, regulations and orders, and all applicable restrictions imposed by all Governmental Authorities, applicable to it and its Property if noncompliance with any such law, rule, regulation, order or restriction could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

 

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Section 5.12                            Pledged Collateral; Substitutions; Releases.

 

(a)                                  Collateral Value Test. From the Closing Date until the Maturity Date, cause Properties with a Collateral Value (as of the most recent appraisals) of at least 2.0 times the principal amount of the then outstanding Term Loan to be, at all times, subject to a valid, first priority perfected Lien, in favor of the Administrative Agent on behalf of the Lenders, granted by the Credit Parties; provided that (i) the Mortgaged Properties shall at all times consist of Properties with a Collateral Value (as of the most recent appraisals) of at least $150,000,000 and (ii) Mortgaged Properties that are vacant or otherwise non-operational or that are being altered, renovated or refurbished at any one time (excluding minor alterations and upkeep) (A) shall not represent more than 15% of the total number of Mortgaged Properties at any time and (B) together with the Mortgaged Properties subject to a lease or sublease (other than those set forth on Schedule 3.31(b)) in accordance with the terms of Section 6.4(d), shall not represent more than 25% of the total number of Mortgaged Properties at any time. If at any time there exists a deficiency in the amount of the Collateral required to be delivered pursuant to this Section, the Borrowers shall within forty-five (45) days, deliver additional Properties as Collateral to secure the Credit Party Obligations in an aggregate amount sufficient to eliminate such deficiency. The Borrower and its Subsidiaries will deliver the Collateral and such other documentation as the Administrative Agent may reasonably request in connection with the foregoing, including, without limitation, certified resolutions and other organizational and authorizing documents of the Borrower and any applicable Subsidiaries, favorable opinions of counsel to the Borrower and such Subsidiaries (which shall cover, among other things, the legality, validity, binding effect and enforceability of the documentation referred to above and the perfection of the Administrative Agent’s Liens thereunder), and other items of the types required to be delivered by the Administrative Agent all in form, content and scope reasonably satisfactory to the Administrative Agent.

 

(b)                                 Substitution or Release of Collateral. Notwithstanding the foregoing, so long as no Default or Event of Default exists or would otherwise result therefrom, the Borrower shall be permitted from time to time to (i) substitute additional Properties reasonably satisfactory to the Administrative Agent (collectively, the “Substituted Properties”) as Collateral for Properties previously pledged as Collateral; provided, that, the Collateral Value of all Substituted Properties shall not exceed fifteen percent (15%) of the Collateral Value of all Mortgaged Properties, in each case as determined at the time of any such substitution by the 2005 Appraisals, the 2006 Appraisals or such later appraisals as may be required by the Administrative Agent, as applicable, and/or (ii) request that certain Collateral be released so long as, prior to any release of Collateral, the Borrower shall deliver to the Administrative Agent an updated Collateral Value Report demonstrating, to the satisfaction of the Administrative Agent, that after giving effect to such release (and any new Collateral pledged in substitution therefor) the Collateral Value shall be greater than or equal to 2.0 times the principal amount of the then outstanding Term Loan. In connection with the delivery of additional Collateral, the Credit Parties shall comply with the requirements set forth in Subsection (a) hereof. To the extent the Borrower requests the release of certain Collateral in accordance with the

 

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terms hereof, then the Administrative Agent shall promptly release Collateral, at the expense of the Borrower.

 

(c)                                  New Appraisals. Have each Mortgaged Property be subject to a Mass Appraisal by a nationally recognized appraisal firm no less frequently than every 20 months after the later of (i) January 27, 2006 and (ii) the date of the last Mass Appraisal or new market value appraisal of such Mortgaged Property (the “Reappraisal Date”). The Mass Appraisal shall conform with FIRREA guidelines and shall have the form of a “mass appraisal” as set forth in the USPAP guidelines.  The Mass Appraisal shall contain both a “fair market value” and a “dark value” for each of the Mortgaged Properties.  The “fair market value” shall be determined based on both (i) then current sales of similarly sized properties in similar markets and (ii) then current market rental rates for comparable properties, capped at then prevailing cap rates for similar credits.  The “dark value” shall be determined by adjusting the fair market value down for (A) rent loss during the re-leasing period, (B) anticipated tenant improvements, (C) leasing commissions at market rates and (D) holding costs during the re-leasing period.  The representative sample shall include both the highest and lowest performing Mortgaged Properties and shall have similar geographic concentrations to that of the larger Mortgaged Property pool. In addition to the foregoing requirements of this Section 5.12(e), to the extent (i) the Borrower encumbers, enters into sale leaseback arrangements with respect to or otherwise disposes of Properties not constituting Collateral with a fair market value in excess of $125,000,000 and (ii) a period of at least one year has elapsed since the date of the last Mass Appraisal, then the Borrower must provide new market value appraisals for the Mortgaged Properties then constituting Collateral; provided that to the extent the Borrower is not required to deliver new market value appraisals at the time the Borrower encumbers, enters into sale leaseback arrangements with respect to or otherwise disposes of Properties not constituting Collateral with a fair market value in excess of $125,000,000, then the Borrower shall deliver new market value appraisals upon the next Reappraisal Date.

 

Section 5.13                            [Reserved].

 

Section 5.14                            Casualty and Condemnation.

 

(a)                                  If the Borrower has knowledge of a Casualty or a Condemnation of a Mortgaged Property or any interest therein, the Borrower, within fifteen (15) days of obtaining such knowledge, shall give notice thereof to the Administrative Agent generally describing the nature and extent of such Casualty or Condemnation.

 

(b)                                 To the extent a Casualty or Condemnation occurs at such time that (i) a Default has occurred and is continuing, any condemnation proceeds, award, compensation or insurance proceeds received by the Borrower shall be paid to the Administrative Agent (or if otherwise paid to the Administrative Agent shall be retained by the Administrative Agent) as security for the Credit Party Obligations and shall not be available under this Section 5.13 to the Borrower until the Default has been cured and all Credit Party Obligations are made fully current and (ii) an Event of Default has occurred

 

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and is continuing, any condemnation proceeds, award, compensation or insurance proceeds shall be paid to the Administrative Agent (or if otherwise paid to the Administrative Agent shall be retained by the Administrative Agent) as security for the Credit Party Obligations and shall be subject to application pursuant to the remedies available to the Administrative Agent and the Lenders under this Agreement and at law.

 

(c)                                  If no Default or Event of Default has occurred and is continuing and any Mortgaged Property suffers a Casualty affecting greater than fifty percent (50%) of the appraised value for such Mortgaged Property pursuant to the 2005 Appraisals, the 2006 Appraisals, or such later appraisals as may be required by the Administrative Agent, as applicable, the Borrower at its option shall either:

 

(i)                                     replace such Mortgaged Property in accordance with Section 5.12 with a Substituted Property having the same, superior or greater remaining economic value, useful life, utility, condition, operational capacity and functional capacity to that which existed for such Mortgaged Property then being replaced immediately prior to such Casualty (assuming all maintenance and repair standards have been satisfied); or

 

(ii)                                  prepay the Term Loan in an aggregate amount equal to one hundred percent (100%) of the Allocated Payoff Amount with respect to such Mortgaged Property.

 

Upon satisfaction of all obligations in connection with subsection (i) or (ii), as applicable, then the Administrative Agent shall cause the applicable Mortgaged Property to be released from the Collateral and the Net Cash Proceeds associated with such Mortgaged Property shall be returned to the Borrower.

 

(d)                                 If no Default or Event of Default has occurred and is continuing and any Mortgaged Property suffers a Casualty affecting less than or equal to fifty percent (50%) of the appraised value for such Mortgaged Property pursuant to the 2005 Appraisals, the 2006 Appraisals, or such later appraisals as may be required by the Administrative Agent, as applicable, the Borrower at its option shall either:

 

(i)                                     replace such Mortgaged Property in accordance with Section 5.12 with a Substituted Property having the same, superior or greater remaining economic value, useful life, utility, condition, operational capacity and functional capacity to that which existed for such Mortgaged Property then being replaced immediately prior to such Casualty (assuming all maintenance and repair standards have been satisfied);

 

(ii)                                  prepay the Term Loan in an aggregate amount equal to one hundred percent (100%) of the Allocated Payoff Amount with respect to such Mortgaged Property; or

 

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(iii)                               perform a Restoration in accordance with Section 5.14(h); provided that no more than five (5) Mortgaged Properties may be in the process of Restoration as a result of a Casualty at any one time.

 

To the extent the Borrower elects either of the options described in the foregoing subsections (i) or (ii) and the Administrative Agent confirms satisfaction of all obligations in connection with subsection (i) or (ii), as applicable, then the Administrative Agent shall cause the applicable Mortgaged Property to be released from the Collateral and the Net Cash Proceeds associated with such Mortgaged Property shall be returned to the Borrower.

 

(e)                                  If no Default or Event of Default has occurred and is continuing and any Mortgaged Property suffers a Condemnation which materially impairs the economic value, useful life, utility, condition, operational capacity or functional capacity of such Mortgaged Property from that which existed immediately prior to such Condemnation (assuming all maintenance and repair standards have been satisfied), the Borrower at its option shall either:

 

(i)                                     replace such Mortgaged Property in accordance with Section 5.12 with a Substituted Property having the same, superior or greater remaining economic value, useful life, utility, condition, operational capacity and functional capacity to that which existed for such Mortgaged Property then being replaced immediately prior to such Condemnation (assuming all maintenance and repair standards have been satisfied); or

 

(ii)                                  prepay the Term Loan in an aggregate amount equal to one hundred percent (100%) of the Allocated Payoff Amount allocable to such Mortgaged Property.

 

Upon satisfaction of all obligations in connection with subsection (i) or (ii) above, as applicable, then the Administrative Agent shall cause the applicable Mortgaged Property to be released from the Collateral and the Net Cash Proceeds associated with such Mortgaged Property shall be returned to the Borrower.

 

(f)                                    If no Default or Event of Default has occurred and is continuing and any Mortgaged Property suffers a Condemnation which does not materially impair the economic value, useful life, utility, condition, operational capacity or functional capacity of such Mortgaged Property from that which existed immediately prior to such Condemnation (assuming all maintenance and repair standards have been satisfied), the Borrower shall cause the Net Cash Proceeds in excess of $250,000 to be paid to the Administrative Agent for application to the prepayment in part of the Term Loan in accordance with Section 2.4(b)(iii).

 

(g)                                 The Borrower may appear in any proceeding or action to negotiate, prosecute, adjust or appeal any claim for any award, compensation or insurance payment on account of any such Casualty or Condemnation and shall pay all expenses thereof. At

 

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the Borrower’s reasonable request, and at the Borrower’s sole cost and expense, the Administrative Agent shall participate in any such proceeding, action, negotiation, prosecution or adjustment. The Administrative Agent and the Borrower agree that this Agreement shall control the rights of the Administrative Agent and the Borrower in and to any such award, compensation or insurance payment.

 

(h)                                 In the event of a Casualty under Section 5.14(d), to the extent the Borrower does not elect to either (i) prepay one-hundred percent (100%) of the Allocated Payoff Amount allocable to such Mortgaged Property or (ii) replace the Mortgaged Property with a Substituted Property pursuant to Sections 5.12 and 5.14(d), the Borrower shall, within one hundred and eighty (180) days of such Casualty or as soon thereafter as shall be reasonably practicable, commence such repair or replacement within such period, and thereafter diligently prosecute such repair or replacement of the Mortgaged Property to the same or greater economic value, remaining useful life, utility, condition, operation and function as existed immediately prior to such Casualty (“Restoration”).

 

(i)                                     Any award, compensation or proceeds in respect of any Casualty (collectively, as used in this Section 5.14(h), “proceeds”) in excess of $500,000 shall be turned over to the Administrative Agent (or at the Administrative Agent’s election, to a trustee or escrow agent who shall be selected by the Administrative Agent and whose fees shall be paid by the Borrower); provided that the Borrower shall be entitled to keep any such award, compensation or proceeds to the extent the Borrower delivers evidence reasonably satisfactory to the Administrative Agent that such amounts were previously applied to the Restoration of the affected Mortgaged Property. At the Borrower’s reasonable request, the Administrative Agent will deposit any proceeds held by it for Restoration into an interest-bearing account which is backed directly or indirectly by the full faith and credit of the United States government over which the Administrative Agent has sole possession, authority and control, and otherwise on terms and conditions reasonably satisfactory to the Administrative Agent.

 

(ii)                                  Any such proceeds held by the Administrative Agent for Restoration of any Mortgaged Property shall be made available to the Borrower upon its request (but no more frequently than once a month) as the Restoration progresses.

 

(iii)                               Prior to the disbursement of Restoration proceeds, the Borrower shall have delivered to the Administrative Agent the following:

 

(A)                              evidence reasonably satisfactory to the Administrative Agent of the estimated cost of Restoration;

 

(B)                                evidence reasonably satisfactory to the Administrative Agent of additional funds from the Borrower in excess of the proceeds sufficient to complete and fully pay for the entire unpaid cost of the Restoration, free and clear of all Liens or claims of Lien; and

 

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(C)                                such architect’s certificates, waivers of lien, contractor’s sworn statements, plats of survey and such other evidence of cost, payment and performance as the Administrative Agent may reasonably require and approve;

 

provided, no payment made prior to the final completion of Restoration shall exceed ninety percent (90%) of the value of the work performed from time to time, as such value shall be determined by the Administrative Agent in its reasonable judgment.

 

Any surplus which may remain out of the proceeds held by the Administrative Agent after payment of all costs of the Restoration shall be paid to, and retained by the Borrower.

 

(i)                                     In no event shall a Casualty or Condemnation affect the Borrower’s obligation to pay the Credit Party Obligations in accordance with the terms of this Agreement.

 

Section 5.15                            Further Assurances; Real Property Documents.

 

(a)                                  Further Assurances. Upon the reasonable request of the Administrative Agent, promptly perform or cause to be performed any and all acts and execute or cause to be executed any and all documents for filing under the provisions of the Uniform Commercial Code or any other Requirement of Law which are necessary or advisable to maintain in favor of the Administrative Agent, for the benefit of the Secured Parties, Liens on the Collateral that are duly perfected in accordance with the requirements of, or the obligations of the Credit Parties under, the Credit Documents and all applicable Requirements of Law. Upon the exercise by the Administrative Agent or any Lender of any power, right, privilege or remedy pursuant to this Agreement or the other Credit Documents which requires any consent, approval, recording, qualification or authorization of any Governmental Authority, the Borrower or any Credit Party will execute and deliver, or will cause the execution and delivery of, all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender may be required to obtain from the Borrower or any of its Subsidiaries for such governmental consent, approval, recording, qualification or authorization.

 

(b)                                 Real Property Documents. Within 180 days of the Closing Date (or such extended period of time as agreed to by the Administrative Agent), the Administrative Agent shall have received maps or plats of as-built surveys of the sites of the Mortgaged Properties listed in Schedule 5.15, which surveys shall comply with the requirements set forth in Section 4.1(d)(vi); provided that if an Event of Default occurs as a result of the failure of the Credit Parties to delivery a survey for one or more Mortgaged Properties pursuant to this Section, such Event of Default may be subject to cure in accordance with the terms of Section 7.2.

 

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ARTICLE VI

 

NEGATIVE COVENANTS

 

The Credit Parties hereby covenant and agree that on the Closing Date, and thereafter for so long as this Credit Agreement is in effect and until no Term Note remains outstanding and unpaid and the Credit Party Obligations and all other amounts owing to the Administrative Agent or any Lender hereunder are paid in full, that:

 

Section 6.1            Indebtedness.

 

The Credit Parties will not, nor will they permit any Subsidiary to, contract, create, incur, assume or permit to exist any Indebtedness and Synthetic Leases, except:

 

(a)           Indebtedness arising or existing under this Credit Agreement and the other Credit Documents;

 

(b)           Indebtedness and Synthetic Leases of the Credit Parties and their Subsidiaries existing as of the Closing Date as referenced in the financial statements referenced in Section 3.1 (and set out more specifically in Schedule 6.1(b)) hereto and renewals, refinancings or extensions thereof in a principal amount not in excess of that outstanding (or committed lines) as of the date of such renewal, refinancing or extension; provided that with respect to Subordinated Debt permitted by this Section 6.1(b), the Borrower (A) may refinance such Indebtedness with similar issuances of Subordinated Debt having a maturity that is after the Maturity Date and on terms and conditions satisfactory to the Administrative Agent and (B) may not refinance such Indebtedness with issuances of senior Indebtedness until such time as the Borrower shall have achieved a Total Leverage Ratio of less than 3.50 to 1.0 on a Pro Forma Basis after giving effect to any such issuance;

 

(c)           Unsecured intercompany Indebtedness among the Credit Parties; provided that any such Indebtedness shall be fully subordinated to the Credit Party Obligations hereunder on terms reasonably satisfactory to the Administrative Agent;

 

(d)           Indebtedness and obligations owing under (i) Secured Hedging Agreements and (ii) swap agreements, cap agreements, collar agreements, exchange agreements futures or forward hedging contracts or similar contractual arrangements intended to protect a Person against fluctuations in interest rates, currency exchange rates or the price of raw materials and other chemical products used or produced in the business of the Borrower; provided, that, with respect to the arrangements described in clause (ii) hereof, such arrangements are (A) with banks or other financial institutions that have combined capital and surplus and undivided profits of not less than $250,000,000, (B) are not for speculative purposes and (C) are unsecured or secured by assets or property other than Collateral;

 

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(e)           Guaranty Obligations in respect of Indebtedness and Synthetic Leases of a Credit Party to the extent such Indebtedness and Synthetic Leases are permitted to exist or be incurred pursuant to this Section 6.1;

 

(f)            other secured Indebtedness and Synthetic Leases of the Credit Parties and their Subsidiaries which does not exceed $250,000,000 in the aggregate at any time outstanding; provided that such Indebtedness shall not be secured by any Mortgaged Property; and

 

(g)           other unsecured Indebtedness of the Credit Parties and their Subsidiaries which does not exceed $150,000,000 in the aggregate at any time outstanding.

 

Section 6.2            Liens.

 

The Credit Parties will not, nor will they permit any Subsidiary to, contract, create, incur, assume or permit to exist any Lien with respect to any of its Property or assets of any kind (whether real or personal, tangible or intangible), whether now owned or hereafter acquired, except for Permitted Liens.

 

Section 6.3            Nature of Business.

 

The Credit Parties and their Subsidiaries shall not engage in any business other than the business of the Credit Parties and their Subsidiaries on the date hereof and any business reasonably related, ancillary or complimentary thereto.

 

Section 6.4            Consolidation, Merger, Sale or Purchase of Assets, etc.

 

The Credit Parties will not, nor will they permit any Subsidiary to, directly or indirectly,

 

(a)           merge into or with or consolidate with any other Person or permit any other Person to merge into or with or consolidate with it, except that any Credit Party may merge with and into or consolidate with any other Credit Party; provided, that, each of the following conditions is satisfied as determined by the Administrative Agent: (i) the Administrative Agent shall have received not less than five (5) days’ prior written notice of the consummation of any merger or consolidation of such Credit Party to so merge or consolidate and such information with respect thereto as the Administrative Agent may reasonably request, (ii) as of the effective date of the merger or consolidation and after giving effect thereto, no Event of Default or Default shall exist or have occurred and be continuing, (iii) the Administrative Agent shall have received true, correct and complete copies of all agreements, documents and instruments relating to such merger, including, but not limited to, the certificate or certificates of merger as filed with each appropriate Secretary of State, (iv) the surviving entity shall expressly confirm, ratify and assume the Credit Party Obligations and the Credit Documents to which it is a party in writing, in form and substance reasonably satisfactory to the Administrative Agent, and execute and deliver such other agreements, documents and instruments as the Administrative Agent may request in connection therewith, (v) the surviving entity of a merger between the

 

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Borrower and a Guarantor shall be the Borrower, and (vi) each Credit Party shall ratify and confirm that its guarantee of the Credit Party Obligations shall apply to the Credit Party Obligations as assumed by such surviving entity; or

 

(b)           sell, assign, transfer, abandon or otherwise dispose of any Capital Stock, Indebtedness or assets to any other Person, except for:

 

(i)            sales of Inventory and rendition of services in the ordinary course of business;

 

(ii)           the sale or other disposition of equipment so long as, as of the date of such sale and after giving effect thereto, no Event of Default or Default shall exist or have occurred;

 

(iii)          the issuance and sale by the Borrower of its Capital Stock after the date hereof; provided, that, (A) the Borrower shall not be required to pay any cash dividends or repurchase or redeem its Capital Stock or make any other payments in respect thereof, except to the extent such dividends, or repurchases or redemptions are otherwise permitted under Section 6.10 hereof, (B) the terms of such Capital Stock, and the terms and conditions of the purchase and sale thereof, shall not include any terms that include any limitation on the right of the Borrower to request or receive Loans or Letters of Credit or the right of the Borrower to amend or modify any of the terms and conditions of this Credit Agreement or any of the other Credit Documents or otherwise in any way relate to or affect the arrangements of the Borrower with the Administrative Agent and Lenders or are more restrictive or burdensome to the Borrower than the terms of any Capital Stock of the Borrower in effect on the date hereof and (C) as of the date of such issuance and sale and after giving effect thereto, no Event of Default or Default shall exist or have occurred and be continuing;

 

(iv)          in addition to the issuance of Capital Stock permitted in Section 6.4(b)(ii) above, the issuance of Capital Stock of any Credit Party consisting of common stock pursuant to a stock option plan or 401(k) plan of such Credit Party for the benefit of its employees, directors and consultants; provided, that, in no event shall such Credit Party be required to issue, or shall such Credit Party issue, Capital Stock pursuant to such stock option plan or 401(k) plan which would result in a Change of Control or other Event of Default;

 

(v)           the termination of any Hedging Agreement;

 

(vi)          the Credit Parties and their Subsidiaries may encumber (to the extent permitted by Section 6.2), sell, enter into sale-leaseback agreements (to the extent permitted by Section 6.12) or otherwise dispose of Properties, in each case for fair market value, which are not Collateral (a) with a fee simple fair market value of $125,000,000 in the aggregate or less and (b) subject to Section 5.12,

 

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with a fee simple fair market value of greater than $125,000,000 in the aggregate; and

 

(vii)         the Borrower may sell the Collateral for fair market value so long as the Borrower complies with the provisions of Sections 2.4(b)(i) and 5.12.

 

(c)           wind up, liquidate or dissolve except that any Subsidiary of the Borrower or a Guarantor may wind up, liquidate and dissolve; provided, that, each of the following conditions is satisfied:  (i) the winding up, liquidation and dissolution of such Subsidiary shall not violate any Requirement of Law in any material respect and shall not conflict with or result in the breach of, or constitute a default under, any material indenture, mortgage, deed of trust, or other agreement or instrument to which the Borrower, such Guarantor or such Subsidiary is a party or may be bound, (ii) such winding up, liquidation or dissolution shall be done in accordance with all Requirements of Law, (iii) effective upon such winding up, liquidation or dissolution, all of the assets and properties of such Subsidiary shall be duly and validly transferred and assigned to the Borrower, a Guarantor or in the case of a Subsidiary which is not a Borrower or Guarantor, to the Borrower, a Guarantor or another Subsidiary (which is not a Borrower or Guarantor) free and clear of any Liens, restrictions or encumbrances other than the security interests and Liens of the Administrative Agent or other Permitted Liens or restrictions or encumbrances expressly permitted hereunder (and the Administrative Agent shall have received such evidence thereof as the Administrative Agent may require), (iv) the Administrative Agent shall have received copies of all documents and agreements of such Subsidiary to be filed with any Governmental Authority or otherwise required to effectuate such winding up, liquidation or dissolution, (v) no Credit Party shall assume any Indebtedness, obligations or liabilities as a result of such winding up, liquidation or dissolution, or otherwise become liable in respect of any obligations or liabilities of the Person which is winding up, liquidating or dissolving, unless such Indebtedness is otherwise expressly permitted hereunder or such obligations or liabilities are not prohibited under this Credit Agreement or any of the other Credit Documents, (vi) the Administrative Agent shall have received not less than ten (10) Business Days’ prior written notice of the intention of such Subsidiary to wind up, liquidate or dissolve, (vii) the Administrative Agent shall have received copies of such deeds, assignments or other agreements as the Administrative Agent may reasonably request to evidence and confirm the transfer of such assets from the Subsidiary which is liquidating to the transferee, and (viii) as of the date of such winding up, liquidation or dissolution and after giving effect thereto, no Default or Event of Default shall exist or have occurred and be continuing; or

 

(d)           lease or sublease Mortgaged Properties that (i) represent more than 15% of the total number of Mortgaged Properties (other than those set forth on Schedule 3.31(b)) at any time and (ii) together with the Mortgaged Properties that are vacant or otherwise non-operational or that are being altered, renovated or refurbished at any one time (excluding minor alterations and upkeep) in accordance with the terms of Section 5.12(a), represent more than 25% of the total number of Mortgaged Properties at any time; provided that the Credit Parties shall promptly (but in any event within five (5) Business Days after the execution and delivery of such lease or sublease) notify the Administrative

 

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Agent of any lease or sublease of a Mortgaged Property and any such lease or sublease (A) shall be on market terms and at market rents, (B) shall in no way diminish the fair market value or useful life of such Mortgaged Property, (C) shall not release any Credit Party from its obligations under the Mortgaged Instrument with respect to such Mortgaged Property, (D) shall be expressly subject and subordinate to the Mortgaged Instrument with respect to such Mortgaged Property and (E) shall be subject to a subordination, non-disturbance and attornment agreement to the extent requested by the Borrower or the Administrative Agent and consented to by the Administrative Agent (such consent not to be unreasonably withheld), which agreement shall be in form and substance reasonably satisfactory to the Borrower and the Administrative Agent; or

 

(e)           agree to do any of the foregoing (unless such agreement has been consented to in writing by the Administrative Agent or includes as a condition to the effectiveness of such agreement that the Administrative Agent’s consent thereto be obtained).

 

Section 6.5            Advances, Investments and Loans.

 

The Credit Parties will not, nor will they permit any Subsidiary to, directly or indirectly, make any loans or advance money or property to any Person, or invest in (by capital contribution, dividend or otherwise) or purchase or repurchase the Capital Stock or Indebtedness or all or a substantial part of the assets or property of any Person, or guarantee, assume, endorse, or otherwise become responsible for (directly or indirectly), the Indebtedness, performance, obligations or dividends of any other Person or form or acquire any Subsidiaries, or agree to do any of the foregoing, except:

 

(a)           the endorsement of instruments for collection or deposit in the ordinary course of business;

 

(b)           investments in cash or Cash Equivalents;

 

(c)           loans by the Borrower to any other Credit Party after the date hereof; provided, that, as to any such loan, (i) each month the Borrower shall provide to the Administrative Agent a report in form and substance reasonably satisfactory to the Administrative Agent of the outstanding amount of such loans as of the last day of the immediately preceding month and indicating any loans made and payments received during the immediately preceding month, (ii) as of the date of any such loan and after giving effect thereto, the Borrower shall be Solvent; and (iii) as of the date of any such loan and after giving effect thereto, no Default or Event of Default shall exist or have occurred and be continuing;

 

(d)           any guaranties by any Credit Party or other assumptions or endorsements of Indebtedness constituting permitted Indebtedness under Section 6.1 hereof;

 

(e)           loans by a Guarantor or a Subsidiary of the Borrower that is not a Guarantor (the “intercompany lender”) to the Borrower or a Guarantor (the

 

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“intercompany borrower”) after the date hereof, provided, that, as to any such loan (i) the Indebtedness arising pursuant to such loan shall be subject to, and subordinate in right of payment to, the right of the Administrative Agent and the Lenders to receive the prior final payment and satisfaction in full of all of the Credit Party Obligations on terms and conditions acceptable to the Administrative Agent, (ii) the Administrative Agent shall have received, in form and substance satisfactory to the Administrative Agent, a subordination agreement providing for the terms of the subordination in right of payment of such Indebtedness of the intercompany borrower to the prior final payment and satisfaction in full of all of the Credit Party Obligations, duly authorized, executed and delivered by the intercompany lender and the intercompany borrower, (iii) the intercompany borrower shall not directly or indirectly make, or be required to make, any payments in respect of such Indebtedness, and (iv) each month the Borrower shall provide to the Administrative Agent a report in form and substance satisfactory to the Administrative Agent of the outstanding amount of such loans as of the last day of the immediately preceding month and indicating any loans made and payments received during the immediately preceding month;

 

(f)            loans by any Subsidiary of a Credit Party (other than a Guarantor) to any other Subsidiary of a Credit Party (other than the Borrower or Guarantor);

 

(g)           the formation or acquisition by a Credit Party after the date hereof of one or more Subsidiaries incorporated or organized under the laws of any State of the United States of America; provided, that: (i) such Credit Party shall cause any such Subsidiary to execute and deliver to the Administrative Agent, in form and substance satisfactory to the Administrative Agent, (A) a Joinder Agreement in accordance with the terms of Section 5.10, (B) a mortgage instrument granting to Agent for itself and the ratable benefit of Lenders a first security interest and Lien upon the Property of any such Subsidiary to the extent required pursuant to the terms of Section 5.12(a) and (C) such other agreements, documents and instruments as the Administrative Agent may require, including, but not limited to, supplements and amendments hereto and other loan agreements or instruments evidencing Indebtedness of such new Subsidiaries to the Administrative Agent, (ii) the Subsidiary formed or acquired shall be engaged in a business related, ancillary or complimentary to the businesses of the Borrower as conducted on the date hereof, (iii) the Administrative Agent shall have received (A) not less than ten (10) Business Days’ prior written notice of the formation or acquisition of any such Subsidiary and such information with respect thereto as the Administrative Agent may request, and (B) true, correct and complete copies of all agreements, documents and instruments relating thereto, (iv) prior to and after giving effect to any acquisition, there shall be not less than $50,000,000 of Excess Availability under the Revolving Credit Agreement or cash on the balance sheet  and (v) as of the date of any such formation or acquisition, no Default or Event of Default shall exist or have occurred and be continuing;

 

(h)           the existing equity investments of the Borrower and its Subsidiaries as of the date hereof in their respective Subsidiaries; provided, that, the Credit Parties shall have no further obligations or liabilities to make any capital contributions or other

 

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additional investments or other payments to or in or for the benefit of any of such Subsidiaries;

 

(i)            stock or obligations issued to the Borrower or any of its Subsidiaries by any Person (or the representative of such Person) in respect of Indebtedness of such Person owing to the Borrower or Subsidiary in connection with the insolvency, bankruptcy, receivership or reorganization of such Person or a composition or readjustment of the debts of such Person;

 

(j)            obligations of account debtors to the Borrower or its Subsidiaries arising from accounts which are past due;

 

(k)           loans or advances after the date hereof by the Credit Parties or any of their respective Subsidiaries to any of their employees not to exceed the principal amount of $1,000,000 in the aggregate at any time outstanding, in the ordinary course of such Credit Party’s or Subsidiary’s business for reasonable and necessary work-related travel and other ordinary business expenses to be incurred by such employees in connection with their employment with such Credit Party or Subsidiary, as the case may be;

 

(l)            any investments of any Credit Party or any of their respective Subsidiaries in Hedging Agreements permitted under Section 6.1(d) hereof;

 

(m)          the existing loans, advances and guarantees set forth on Schedule 6.5; provided, that, as to such loans, advances and guarantees, (i) the Credit Parties or their respective Subsidiaries, as the case may be, shall not, directly or indirectly, (A) amend, modify, alter or change in any material respect the terms of such loans, advances or guarantees or any agreement, document or instrument related thereto, except, that, such Credit Party or Subsidiary, as the case may be, after prior written notice to the Administrative Agent, may amend, modify, alter or change the terms thereof so as to extend the maturity thereof or defer the timing of any payments in respect thereof, or to forgive or cancel a portion of such Indebtedness (other than pursuant to payments thereof), or to release any Liens or security interests in any assets of the Credit Parties which secure such Indebtedness (if any), or to reduce the rate or any fees in connection therewith, or to make any covenants contained therein less restrictive or burdensome as to the Credit Parties or otherwise more favorable to the Credit Parties or their Subsidiaries, as the case may be, (as determined in good faith by the Administrative Agent), or (B) as to such guarantees, redeem, retire, defease, purchase or otherwise acquire such guarantee or set aside or otherwise deposit or invest any sums for such purpose (except as expressly required pursuant to the terms thereof or pursuant to regularly scheduled payments permitted herein) and (ii) the Borrower and Guarantors shall furnish to the Administrative Agent all notices or demands in connection with such loans, advances or guarantees either received by the Borrower, Guarantor or Subsidiary on its behalf, promptly after the receipt thereof, or sent by the Borrower, Guarantor or Subsidiary on its behalf, concurrently with the sending thereof, as the case may be;

 

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(n)           investments (including, without limitation, any loan, advance, capital contribution or other investment or payment) in joint ventures or other Persons (each a “Business Enterprise”) by the Borrower for the purpose of development, creation and operation of an internet business; provided, that: (i) each such Business Enterprise is entered into with a Person who is not an Affiliate, (ii) the Business Enterprise shall be engaged in a business related, ancillary or complimentary to the businesses of Borrower as conducted on the date hereof, (iii) the Administrative Agent shall have received (A) (1) in the event the initial investment (whether characterized by loans, capital contributions, letters of credit or otherwise) in the Business Enterprise is not in excess of $5,000,000, not more than two (2) Business Days’ written notice after the date of such investment, and such other information with respect thereto as the Administrative Agent may reasonably request, or (2) in the event such initial investment is to be equal to or greater than $5,000,000, not less than ten (10) Business Days prior written notice of such investment in such Business Enterprise, and such other information with respect thereto as the Administrative Agent may reasonably request, (iv) true, correct and complete copies of all agreements, documents and instruments relating thereto, (v) the total amount of all such investments in such Business Enterprises shall not exceed $50,000,000 in the aggregate at any time, (vi) the Administrative Agent shall receive a monthly report in form and substance satisfactory to the Administrative Agent of the amount of such investment and such other information with respect thereto as the Administrative Agent may reasonably request and (vii) as of the date of any such loan, advance, capital contribution or other investment or payment, no Default or Event of Default shall exist or have occurred and be continuing;

 

(o)           the existing loans by the Borrower to the Flexi-Trust, pursuant to the terms and conditions of the Flexi-Trust Agreement in effect on the date hereof; and

 

(p)           repurchases and redemptions of Capital Stock permitted pursuant to Section 6.10.

 

Section 6.6            Transactions with Affiliates.

 

Each Credit Party shall not, and shall not permit any Subsidiary to, directly or indirectly:

 

(a)           purchase, acquire or lease any property from, or sell, transfer or lease any property to, any officer, employee, shareholder, director, agent or any other Affiliate, except in the ordinary course of and pursuant to the reasonable requirements of such Borrower’s, Guarantor’s or Subsidiary’s business (as the case may be) and upon fair and reasonable terms no less favorable to such Borrower, Guarantor or Subsidiary than it would obtain in a comparable arm’s length transaction with a Person that is not an Affiliate, except, that (i) in the case of such transactions between Credit Parties, then upon fair and reasonable terms consistent with the current practices of such Credit Parties as of the date hereof, (ii) in the case of sales of property by Credit Parties to the Business Enterprises referred to in Section 6.5(n), upon fair and reasonable terms no more favorable than such Business Enterprises would obtain in a comparable arm’s length

 

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transaction with a Person that is not an Affiliate and (iii) the Borrower may sell its Capital Stock to the Flexi-Trust in accordance with the Flexi-Trust Agreement; or

 

(b)           make any payments of management, consulting or other fees for management or similar services, or of any Indebtedness owing to any officer, employee, shareholder, director or any other Affiliate of any Credit Party except (i) compensation to officers, employees and directors for services rendered to such a Credit Party or Subsidiary, as the case may be, in the ordinary course of business, (ii) payments by a Credit Party to any other Credit Party in respect of Indebtedness arising pursuant to loans made by a Credit Party to the extent such Indebtedness is permitted under Section 6.1 hereof, and (iii) payments by the Guarantors to the Borrower for actual and necessary reasonable out-of-pocket legal and accounting, insurance, marketing, payroll and similar types of services paid for by the Borrower on behalf of the other Credit Parties and their Subsidiaries in the ordinary course of their respective businesses or as the same may be directly attributable to the Borrower or other Credit Party.

 

Section 6.7            Reciprocal Easement Agreements.

 

Without the Administrative Agent’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed, no Credit Party will, nor will it permit any of its Subsidiaries to, enter into, terminate, amend or modify any REA (a) to the extent such termination, amendment or modification will result in a loss of parking or could reasonably be expected to violate any Requirement of Law applicable to any Mortgaged Property or (b) to the extent such REA, or the termination, amendment or modification of such REA, will not have a Mortgaged Property MAE. To the extent the Administrative Agent’s consent is not required pursuant to the previous sentence, the Borrower may negotiate or enter into modifications or REA’s and at the Borrower’s sole cost and expense, the Administrative Agent shall execute a joinder to such documents to subordinate the Lien of the Mortgage Instrument to the REA.

 

Section 6.8            Corporate Changes; Material Contracts.

 

No Credit Party will, nor will it permit any of its Subsidiaries to, (a) change its fiscal year, (b) amend, modify or change its articles of incorporation, certificate of designation (or corporate charter or other similar organizational document), operating agreement or bylaws (or other similar document) in any respect adverse to the interests of the Lenders without the prior written consent of the Required Lenders, (c) change its state of incorporation, organization or formation or have more than one state of incorporation, organization or formation or (d) materially change its accounting method (except in accordance with GAAP) in any manner materially adverse to the interests of the Lenders without the prior written consent of the Required Lenders.

 

Section 6.9            Limitation on Restricted Actions.

 

Each Credit Party shall not, directly or indirectly, create or otherwise cause or suffer to exist any encumbrance or restriction which prohibits or limits the ability of such Credit Party or any Subsidiary of such Credit Party to (a) pay dividends or make other distributions or pay any

 

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Indebtedness owed to a Credit Party or any Subsidiary of such Credit Party; (b) make loans or advances to a Credit Party or any Subsidiary of such Credit Party; (c) transfer any of its Properties constituting Collateral to a Credit Party (other than restrictions related to transactions being at arm’s length); or (d) create, incur, assume or suffer to exist any Lien upon any of the Mortgaged Properties, whether now owned or hereafter acquired, other than encumbrances and restrictions arising under (i) applicable law, (ii) this Credit Agreement, (iii) Permitted Liens, (iv) customary provisions restricting subletting or assignment of any lease governing a leasehold interest of such Credit Party or any Subsidiary of such Credit Party, (v) customary restrictions on dispositions of real property interests found in any REA of such Credit Party or any Subsidiary of such Credit Party, (vi) any agreement relating to permitted Indebtedness incurred by a Subsidiary of such Credit Party prior to the date on which such Subsidiary was acquired by such Credit Party and outstanding on such acquisition date; provided, that, such Indebtedness shall not be incurred in contemplation of such acquisition, and (vii) contractual obligations in existence on the Closing Date and set forth on Schedule 6.9 and any extension or continuation of such contractual obligations; provided, that, any encumbrance or restriction contained in any such contractual obligation that is extended or continued shall be no less favorable to the Administrative Agent and the Lenders than those encumbrances and restrictions contained in such contractual obligation prior to such extension or continuation.

 

Section 6.10         Restricted Payments.

 

Each Credit Party shall not, and shall not permit any Subsidiary to, directly or indirectly, make any Restricted Payment unless each of the following conditions have been satisfied:

 

(a)           such Restricted Payment shall be made with funds legally available therefor;

 

(b)           such Restricted Payment shall not violate any Requirement of Law or the terms of any indenture, agreement or undertaking to which a Borrower or Guarantor is a party or by which a Borrower or Guarantor or its Properties are bound;

 

(c)           after giving pro forma effect to such Restricted Payment as if such Restricted Payment had been made at the beginning of the four-fiscal-quarter period ending as of the last day of the most recent fiscal quarter for which quarterly or annual financial statements are available, (A) the Borrower could incur at least $1.00 of additional Indebtedness under this Agreement as of such fiscal quarter end and (B) the Consolidated Cash Flow Coverage Ratio of the Borrower as of such fiscal quarter end shall be greater than 2.0 to 1.0;

 

(d)           as of the date of such Restricted Payment and after giving effect thereto, no Default or Event of Default shall exist or have occurred;

 

(e)           Excess Availability, as of the date of any such Restricted Payment and after giving effect thereto, shall be not less than $37,500,000;

 

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(f)            upon giving effect to such Restricted Payment, the aggregate of all Restricted Payments from the Closing Date does not exceed the sum of:

 

(i) 50% of cumulative Consolidated Net Income (or, in the case Consolidated Net Income shall be negative, less 100% of such deficit) of the Borrower from January 29, 2006 through the last day of the most recent fiscal quarter ending prior to such Restricted Payment for which quarterly or annual financial statements are available (taken as a single accounting period); plus

 

(ii) 100% of (1) the aggregate net cash proceeds received by the Borrower after the Closing Date from contributions of capital or the issuance and sale (other than to a Subsidiary of the Borrower) of Capital Stock  (other than Redeemable Stock) of the Borrower, options, warrants or other rights to acquire Capital Stock (other than Redeemable Stock) of the Borrower and (2) the principal amount of Indebtedness of the Borrower that is converted into or exchanged for Capital Stock (other than Redeemable Stock and other than by or from a Subsidiary of the Borrower) of the Borrower after the Closing Date, provided that any such net proceeds received by the Borrower from an employee stock ownership plan financed by loans from the Borrower or a Subsidiary of the Borrower shall be included only to the extent such loans have been repaid with cash on or prior to the date of determination; plus

 

(iii) an amount equal to the net reduction in Investments by the Credit Parties, subsequent to the Closing Date, in any Guarantor, upon the disposition, liquidation or repayment (including by way of dividends) thereof in cash or from the redesignation of the Insurance Subsidiary as a Guarantor, but only to the extent such amounts are not included in Consolidated Net Income and not to exceed in the case of any one Person the amount of Investments previously made by the Credit Parties in such Person.

 

Notwithstanding the foregoing, so long as no Default or Event of Default has occurred and is continuing, or would result from such Restricted Payment:

 

(A)          any Subsidiary of a Credit Party may pay dividends to a Credit Party and any Subsidiary of a Credit Party that is not a Credit Party may redeem or repurchase any of its Capital Stock by making payments to a Credit Party;

 

(B)           any Credit Party may pay dividends or may redeem or repurchase any of its Capital Stock for consideration consisting of common stock;

 

(C)           the Borrower may purchase, redeem, acquire or retire any shares of Capital Stock of the Borrower solely in exchange for, by conversion into or out of the net proceeds of the substantially concurrent sale (other than from or to a Subsidiary of the Borrower or from or to an employee stock ownership plan financed by loans from the Borrower or a Subsidiary of the Borrower) of shares of Capital Stock (other than Redeemable Stock) of the Borrower;

 

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(D)                               the Borrower may acquire shares of its Capital Stock in connection with the exercise of employee or director stock options or stock appreciation rights by way of cashless exercise;

 

(E)                                 the Borrower may acquire shares of its Capital Stock pursuant to equity repurchases from present or former directors or employees in an amount of up to $2,000,000 per year;

 

(F)                                 the Borrower may declare and pay regular quarterly cash dividends in respect of the Borrower’s Common Stock in an amount not to exceed $0.0675 per share (such amount to be adjusted from time to time to account for any stock splits, stock dividends or similar occurrences); provided that the aggregate amount of such cash dividends will be included as Restricted Payments for purposes of determining the amount of Restricted Payments that may be made pursuant to clause (f) above;

 

(G)                                the Borrower may purchase shares of its common stock in accordance with the Share Repurchase Plan, in an amount not to exceed the Borrower’s Remaining Authority as of the Closing Date;

 

(H)                               the Borrower may make other Restricted Payments from and after the Closing Date in an aggregate amount not to exceed $25,000,000; and

 

(I)                                    any Credit Party may make payments or prepayments of Subordinated Debt, subject to the subordination terms governing such Subordinated Debt.

 

Section 6.11                            Amendment of Subordinated Debt.

 

The Credit Parties will not, nor will it permit any Subsidiary to, without the prior written consent of the Required Lenders, amend, modify, waive or extend or permit the amendment, modification, waiver or extension of any term of any document governing or relating to any Subordinated Debt in a manner that is adverse to the interests of the Lenders.

 

Section 6.12                            Sale Leasebacks.

 

Each Credit Party shall not, and shall not permit any Subsidiary to, enter into any arrangement, directly or indirectly, with any Person whereby such Credit Party or Subsidiary, as the case may be, shall sell or transfer any Property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property which it intends to use for substantially the same purpose or purposes as the property being sold or transferred, except, that, the Borrower may enter into such arrangements with Properties (other than a Mortgaged Property) so long as each of the following conditions is satisfied, as determined by the Administrative Agent: (a) the Administrative Agent shall have received not less than ten (10) Business Days’ prior written notice of any such proposed transaction, which notice shall describe the transaction in detail, (b) such proposed transaction shall be in compliance with the terms and conditions set forth in the Pep Boys Subordinated Indentures, (c)

 

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as of the date of any such transaction and after giving effect thereto, no Event of Default or Default shall exist or have occurred and be continuing, (d) such transaction is for fair market value and (e) the Borrower shall deliver to the Administrative Agent an updated pro forma Collateral Value Report demonstrating, to the satisfaction of the Administrative Agent, that after giving pro forma effect to such sale leaseback transaction, the Collateral Value shall be greater than or equal to 2.0 times the principal amount of the then outstanding Term Loan; provided that to the extent the Borrower encumbers or otherwise disposes of Properties not constituting Collateral in connection with a sale leaseback transaction with a fair market value in excess of $125,000,000, the Borrower must comply with the appraisal requirements of Section 5.12(d).

 

Section 6.13                            No Joint Assessment.

 

The Borrower shall not, and shall not permit any Subsidiary to, suffer, permit or initiate the joint assessment of any Mortgaged Property with (a) any other real property constituting a tax lot separate from such Mortgaged Property, or (b) any portion of such Mortgaged Property which may be deemed to constitute personal property, or any other procedure whereby the Lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to such Mortgaged Property.

 

ARTICLE VII

 

EVENTS OF DEFAULT

 

Section 7.1                                   Events of Default.

 

An Event of Default shall exist upon the occurrence of any of the following specified events (each an “Event of Default”):

 

(a)                                  Payment. (i) The Borrower shall fail to pay any principal on any Term Loan when due in accordance with the terms hereof, (ii) the Borrower shall fail to pay any interest on any Term Loan or any fee or other amount payable hereunder when due in accordance with the terms hereof and such failure shall continue unremedied for three (3) days; or (iii) or any Guarantor shall fail to pay on the Guaranty in respect of any of the foregoing or in respect of any other Guaranty Obligations hereunder (after giving effect to the grace period in clause (ii)); or

 

(b)                                 Misrepresentation. Any representation or warranty made or deemed made herein, in the Security Documents or in any of the other Credit Documents or which is contained in any certificate, document or financial or other statement furnished at any time under or in connection with this Credit Agreement shall prove to have been incorrect, false or misleading in any material respect on or as of the date made or deemed made; or

 

(c)                                  Covenant Default. (i) Any Credit Party shall fail to perform, comply with or observe any term, covenant or agreement applicable to it contained in Sections 5.1,

 

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5.2, 5.4, 5.7, 5.9, 5.11, or Article VI hereof, or (ii) any Credit Party shall fail to comply with any other covenant contained in this Credit Agreement or the other Credit Documents or any other agreement, document or instrument among any Credit Party, the Administrative Agent and the Lenders or executed by any Credit Party in favor of the Administrative Agent or the Lenders (other than as described in Sections 7.1(a) or 7.1 (c)(i) above), and such breach or failure to comply is not cured within thirty (30) days of its occurrence; or

 

(d)                                 Debt Cross-Default. (i) any Credit Party shall default in any payment of principal of or interest on any Indebtedness (other than the Term Loan and the Guaranty) or any payment on any Synthetic Lease, in each case in a principal amount outstanding of at least  $5,000,000 for the Borrower and any of its Subsidiaries in the aggregate, beyond any applicable grace period (not to exceed 30 days), if any, provided in the instrument or agreement under which such Indebtedness was created; (ii) any Credit Party shall default in the observance or performance of any other agreement or condition relating to any Indebtedness (other than the Term Loan, and the Guaranty) or any Synthetic Lease in a principal amount outstanding of at least $5,000,000  in the aggregate for the Credit Parties and their Subsidiaries or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders of such Indebtedness or Synthetic Lease or beneficiary or beneficiaries of such Indebtedness or Synthetic Lease (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if required, such Indebtedness or Synthetic Lease to become due prior to its stated maturity; or (iii) any Credit Party shall breach or default any Secured Hedging Agreement; or

 

(e)                                  Other Cross-Defaults. The Credit Parties or any of their Subsidiaries shall default in (i) the payment when due under any Material Contract (not included in subsection (d) above) or (ii) in the performance or observance, of any obligation or condition of any Material Contract (not included in subsection (d) above) and such failure to perform or observe such other obligation or condition involves an aggregate liability of $5,000,000 or more and continues unremedied for a period of thirty (30) days after notice of the occurrence of such default unless, but only as long as, the existence of any such default is being contested by the Credit Parties in good faith by appropriate proceedings and adequate reserves in respect thereof have been established on the books of the Credit Parties to the extent required by GAAP; or

 

(f)                                    Bankruptcy Default. (i) A Credit Party or any of its Subsidiaries shall commence any case, proceeding or other action (A) under any existing or future law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency, reorganization or relief of debtors, seeking to have an order for relief entered with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition or other relief with respect to it or its debts, or (B) seeking appointment of a receiver, trustee, custodian, conservator or other similar official for it or for all or any substantial part of its assets, or a Credit Party or any of its Subsidiaries shall make a general assignment for the benefit of its

 

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creditors; or (ii) there shall be commenced against a Credit Party or any of its Subsidiaries any case, proceeding or other action of a nature referred to in clause (i) above which (A) results in the entry of an order for relief or any such adjudication or appointment or (B) remains undismissed, undischarged or unbonded for a period of 60 days; or (iii) there shall be commenced against a Credit Party or any of its Subsidiaries any case, proceeding or other action seeking issuance of a warrant of attachment, execution, distraint or similar process against all or any substantial part of their assets which results in the entry of an order for any such relief which shall not have been vacated, discharged, or stayed or bonded pending appeal within 60 days from the entry thereof, or (iv) a Credit Party or any of its Subsidiaries shall take any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the acts set forth in clause (i), (ii), or (iii) above; or (v) a Credit Party or any of its Subsidiaries shall generally not, or shall be unable to, or shall admit in writing their inability to, pay its debts as they become due; or

 

(g)                                 Judgment Default. One or more judgments or decrees shall be entered against a Credit Party or any of its Subsidiaries involving in the aggregate a liability (to the extent not covered by insurance) of $5,000,000 or more and all such judgments or decrees shall not have been paid and satisfied, vacated, discharged, stayed or bonded pending appeal within 10 Business Days from the entry thereof or any injunction, temporary restraining order or similar decree shall be issued against a Credit Party or any of its Subsidiaries that, individually or in the aggregate, could result in a Mortgaged Property MAE; or

 

(h)                                 ERISA Default. (i) Any Person shall engage in any “prohibited transaction” (as defined in Section 406 of ERISA or Section 4975 of the Code) involving any Plan, (ii) any “accumulated funding deficiency” (as defined in Section 302 of ERISA), whether or not waived, shall exist with respect to any Plan or any Lien in favor of the PBGC or a Plan (other than a Permitted Lien) shall arise on the assets of the Credit Parties or any Commonly Controlled Entity, (iii) a Reportable Event shall occur with respect to, or proceedings shall commence to have a trustee appointed, or a trustee shall be appointed, to administer or to terminate, any Single Employer Plan, which Reportable Event or commencement of proceedings or appointment of a trustee is, in the reasonable opinion of the Required Lenders, likely to result in the termination of such Plan for purposes of Title IV of ERISA, (iv) any Single Employer Plan shall terminate for purposes of Title IV of ERISA, (v) a Credit Party, any of its Subsidiaries or any Commonly Controlled Entity shall, or in the reasonable opinion of the Required Lenders is likely to, incur any liability in connection with a withdrawal from, or the Insolvency or Reorganization of, any Multiemployer Plan or (vi) any other similar event or condition shall occur or exist with respect to a Plan; or

 

(i)                                     Change of Control. There shall occur a Change of Control; or

 

(j)                                     Invalidity of Guaranty. At any time after the execution and delivery thereof, the Guaranty, for any reason other than the satisfaction in full of all Credit Party Obligations, shall cease to be in full force and effect (other than in accordance with its

 

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terms) or shall be declared to be null and void, or any Credit Party shall contest the validity or enforceability of the Guaranty or any Credit Document in writing or deny in writing that it has any further liability, including with respect to future advances by the Lenders, under any Credit Document to which it is a party; or

 

(k)                                  Invalidity of Credit Documents. Any other Credit Document shall fail to be in full force and effect or to give the Administrative Agent and/or the Lenders the security interests, liens, rights, powers and privileges purported to be created thereby (except as such documents may be terminated or no longer in force and effect in accordance with the terms thereof, other than those indemnities and provisions which by their terms shall survive) or any Lien shall fail to be a first priority, perfected Lien on a material portion of the Collateral; or

 

(l)                                     Hedging Agreement. Any termination payment in excess of $5,000,000 shall be due by a Credit Party under any Hedging Agreement and such amount is not paid within the later to occur of five (5) Business Days after the due date thereof or the expiration of grace periods, if any, in such Hedging Agreement; or

 

(m)                               Subordinated Debt. (i) Any default (which is not waived or cured within the applicable period of grace) or event of default shall occur under any Subordinated Debt in a principal amount of $5,000,000 or (ii) the subordination provisions contained in any Subordinated Debt in a principal amount of $5,000,000 or with respect to which any Subordinated Debt in a principal amount of $5,000,000 is subject shall cease to be in full force and effect or to give the Lenders the rights, powers and privileges purported to be created thereby; or

 

(n)                                 Uninsured Loss. To the extent the Borrower has less than $75,000,000 of Excess Availability, any uninsured damage to or loss, theft or destruction of any assets of the Credit Parties or any of their Subsidiaries shall occur that is in excess of $10,000,000.

 

Section 7.2                                   Property-Specific Cure.

 

To the extent that any of the foregoing Events of Default have been caused by an individual Mortgaged Property, any Credit Party may, within forty-five (45) days of such Event of Default, (a) cause such defaulting Mortgaged Property to be substituted pursuant to Section 5.12(b) or (b) make a principal payment to the Term Loan in an amount equal to the Allocated Payoff Amount with respect to such Mortgaged Property.

 

Section 7.3                                   Acceleration; Remedies.

 

Upon the occurrence and during the continuance of an Event of Default, then, and in any such event, (a) if such event is an Event of Default specified in Section 7.1(f) above, automatically the Term Loan Commitments shall immediately terminate and the Term Loan (with accrued interest thereon), and all other amounts under the Credit Documents shall immediately become due and payable, and (b) if such event is any other Event of Default, any or all of the following actions may be taken: (i) with the written consent of the Required Lenders,

 

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the Administrative Agent may, or upon the written request of the Required Lenders, the Administrative Agent shall, declare the Term Loan Commitments to be terminated forthwith, whereupon the Term Loan Commitments shall immediately terminate; (ii) the Administrative Agent may, or upon the written request of the Required Lenders, the Administrative Agent shall, declare the Term Loan (with accrued interest thereon) and all other amounts owing under this Credit Agreement and the Term Notes to be due and payable forthwith, whereupon the same shall immediately become due and payable; and/or (iii) with the written consent of the Required Lenders, the Administrative Agent may, or upon the written request of the Required Lenders, the Administrative Agent shall, exercise such other rights and remedies (including, without limitation, the foreclosure and/or liquidation of the Collateral) as provided under the Credit Documents and under applicable law.

 

ARTICLE VIII

 

THE ADMINISTRATIVE AGENT

 

Section 8.1                                   Appointment.

 

Each Lender hereby irrevocably designates and appoints Wachovia as the Administrative Agent of such Lender under this Credit Agreement, and each such Lender irrevocably authorizes Wachovia, as the Administrative Agent for such Lender, to take such action on its behalf under the provisions of this Credit Agreement and to exercise such powers and perform such duties as are expressly delegated to the Administrative Agent by the terms of this Credit Agreement, together with such other powers as are reasonably incidental thereto. Each Lender acknowledges that the Credit Parties may rely on each action taken by the Administrative Agent on behalf of the Lenders hereunder. Notwithstanding any provision to the contrary elsewhere in this Credit Agreement, the Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Credit Agreement or otherwise exist against the Administrative Agent.

 

Section 8.2                                   Delegation of Duties.

 

The Administrative Agent may execute any of its duties under this Credit Agreement by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. The Administrative Agent shall not be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it with reasonable care. Without limiting the foregoing, the Administrative Agent may appoint one of its affiliates as its agent to perform the functions of the Administrative Agent hereunder relating to the advancing of funds to the Borrower and distribution of funds to the Lenders and to perform such other related functions of the Administrative Agent hereunder as are reasonably incidental to such functions.

 

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Section 8.3                                   Exculpatory Provisions.

 

Neither the Administrative Agent nor any of its officers, directors, employees, agents, attorneys-in-fact, Subsidiaries or affiliates shall be (a) liable for any action lawfully taken or omitted to be taken by it or such Person under or in connection with this Credit Agreement (except for its or such Person’s own gross negligence or willful misconduct) or (b) responsible in any manner to any of the Lenders for any recitals, statements, representations or warranties made by any Credit Party or any officer thereof contained in this Credit Agreement or in any certificate, report, statement or other document referred to or provided for in, or received by the Administrative Agent under or in connection with, this Credit Agreement or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of any of the Credit Documents or for any failure of any Credit Party to perform its obligations hereunder or thereunder. The Administrative Agent shall not be under any obligation to any Lender to ascertain or to inquire as to the observance or performance by any Credit Party of any of the agreements contained in, or conditions of, this Credit Agreement, or to inspect the properties, books or records of any Credit Party.

 

Section 8.4                             Reliance by Administrative Agent.

 

(a)                                  The Administrative Agent shall be entitled to rely, and shall be fully protected in relying, upon any note, writing, resolution, notice, consent, certificate, affidavit, letter, cablegram, telegram, telecopy, telex or teletype message, statement, order or other document or conversation believed by it in good faith to be genuine and correct and to have been signed, sent or made by the proper Person or Persons and upon advice and statements of legal counsel (including, without limitation, counsel to the Credit Parties), independent accountants and other experts selected by the Administrative Agent. The Administrative Agent may deem and treat the payee of any Term Note as the owner thereof for all purposes unless an executed Assignment and Assumption has been filed with the Administrative Agent pursuant to Section 9.6 with respect to the Term Loan evidenced by such Term Note. The Administrative Agent shall be fully justified in failing or refusing to take any action under this Credit Agreement unless it shall first receive such advice or concurrence of the Required Lenders as it deems appropriate or it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action. The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under any of the Credit Documents in accordance with a request of the Required Lenders or all of the Lenders, as may be required under this Credit Agreement, and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders and all future holders of the Term Notes.

 

(b)                                 For purposes of determining compliance with the conditions specified in Section 4.1, each Lender that has signed this Credit Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender.

 

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Section 8.5                                   Notice of Default.

 

The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default hereunder unless the Administrative Agent has received notice from a Lender or the Borrower referring to this Credit Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default”. In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give prompt notice thereof to the Lenders. The Administrative Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders; provided, however, that unless and until the Administrative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable in the best interests of the Lenders except to the extent that this Credit Agreement expressly requires that such action be taken, or not taken, only with the consent or upon the authorization of the Required Lenders, or all of the Lenders, as the case may be.

 

Section 8.6                                   Non-Reliance on Administrative Agent and Other Lenders.

 

Each Lender expressly acknowledges that neither the Administrative Agent nor any of its officers, directors, employees, agents, attorneys-in-fact or affiliates has made any representation or warranty to it and that no act by the Administrative Agent hereinafter taken, including any review of the affairs of any Credit Party, shall be deemed to constitute any representation or warranty by the Administrative Agent to any Lender. Each Lender represents to the Administrative Agent that it has, independently and without reliance upon the Administrative Agent or any other Lender, and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, operations, property, financial and other condition and creditworthiness of the Borrower or any other Credit Party and made its own decision to make its Term Loan hereunder and enter into this Credit Agreement. Each Lender also represents that it will, independently and without reliance upon the Administrative Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Credit Agreement, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition and creditworthiness of the Borrower and the other Credit Parties. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the Administrative Agent hereunder, the Administrative Agent shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the business, operations, property, condition (financial or otherwise), prospects or creditworthiness of the Borrower or any other Credit Party which may come into the possession of the Administrative Agent or any of its officers, directors, employees, agents, attorneys-in-fact or affiliates.

 

Section 8.7                                   Indemnification.

 

The Lenders agree to indemnify the Administrative Agent and its Affiliates and their respective officers, directors, agents and employees (to the extent not reimbursed by the Borrower and without limiting the obligation of the Borrower to do so), ratably according to their respective Term Loan Commitment Percentages in effect on the date on which indemnification is

 

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sought under this Section, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever which may at any time (including, without limitation, at any time following the payment of the Credit Party Obligations) be imposed on, incurred by or asserted against any such indemnitee in any way relating to or arising out of any Credit Document or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by any such indemnitee under or in connection with any of the foregoing; provided, however, that no Lender shall be liable for the payment of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements to the extent resulting from such indemnitee’s gross negligence or willful misconduct, as determined by a court of competent jurisdiction. The agreements in this Section shall survive the termination of this Credit Agreement and payment of the Term Notes and all other amounts payable hereunder.

 

Section 8.8                                   Administrative Agent in Its Individual Capacity.

 

The Administrative Agent and its affiliates may make loans to, accept deposits from and generally engage in any kind of business with the Borrower as though the Administrative Agent were not the Administrative Agent hereunder. With respect to its Term Loan made or renewed by it and any Term Note issued to it, the Administrative Agent shall have the same rights and powers under this Credit Agreement as any Lender and may exercise the same as though it were not the Administrative Agent, and the terms “Lender” and “Lenders” shall include the Administrative Agent in its individual capacity.

 

Section 8.9                                   Successor Administrative Agent.

 

The Administrative Agent may resign as Administrative Agent upon 30 days’ prior notice to the Borrower and the Lenders and the Required Lenders may replace the Administrative Agent at any time. If the Administrative Agent shall resign as Administrative Agent or be replaced under this Credit Agreement and the Term Notes or if the Administrative Agent enters or becomes subject to receivership, then the Required Lenders shall appoint from among the Lenders a successor agent for the Lenders, which successor agent shall be approved by the Borrower with such approval not to be unreasonably withheld (provided, however, if an Event of Default shall exist at such time, no approval of the Borrower shall be required hereunder), whereupon such successor agent shall succeed to the rights, powers and duties of the Administrative Agent, and the term “Administrative Agent” shall mean such successor agent effective upon such appointment and approval, and the former Administrative Agent’s rights, powers and duties as Administrative Agent shall be terminated, without any other or further act or deed on the part of such former Administrative Agent or any of the parties to this Credit Agreement or any holders of the Term Notes. After any retiring or replaced Administrative Agent’s resignation or replacement as Administrative Agent, the provisions of this Section shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent under this Credit Agreement.

 

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Section 8.10                            Nature of Duties.

 

Except as otherwise expressly stated herein, any agent (other than the Administrative Agent) or co-lead arranger listed from time to time on the cover page of this Credit Agreement shall have no obligations, responsibilities or duties under this Credit Agreement or under any other Credit Document other than obligations, responsibilities and duties applicable to all Lenders in their capacity as Lenders; provided, however, that such agents and co-lead arrangers shall be entitled to the same rights, protections, exculpations and indemnifications granted to the Administrative Agent under this Article VIII in their capacity as an agent or co-lead arranger.

 

Section 8.11                            Releases.

 

The Administrative Agent is authorized to release (a) Mortgaged Properties in accordance with the terms of Section 5.12 and (b) any Guarantor and any Lien on any Collateral that is sold as permitted by the Credit Agreement or as otherwise permitted by the Lenders or Required Lenders, as applicable.

 

ARTICLE IX

 

MISCELLANEOUS

 

Section 9.1                                   Amendments, Waivers and Release of Collateral.

 

Neither this Credit Agreement nor any of the other Credit Documents, nor any terms hereof or thereof may be amended, supplemented, waived or modified (by amendment, waiver, consent or otherwise) except in accordance with the provisions of this Section nor may Collateral be released except as specifically provided herein or in the Security Documents or in accordance with the provisions of this Section. The Required Lenders may or, with the written consent of the Required Lenders, the Administrative Agent may, from time to time, (a) enter into with the Borrower written amendments, supplements or modifications hereto and to the other Credit Documents for the purpose of adding any provisions to this Credit Agreement or the other Credit Documents or changing in any manner the rights of the Lenders or of the Borrower hereunder or thereunder or (b) waive or consent to the departure from, on such terms and conditions as the Required Lenders may specify in such instrument, any of the requirements of this Credit Agreement or the other Credit Documents or any Default or Event of Default and its consequences; provided, however, that no such amendment, supplement, modification, release, waiver or consent shall:

 

(a)                                  reduce the amount or extend the scheduled date of maturity of any Term Loan or Term Note or any installment thereon, or reduce the stated rate of any interest or fee payable hereunder (except in connection with a waiver of interest at the increased post-default rate set forth in Section 2.5 which shall be determined by a vote of the Required Lenders) or extend the scheduled date of any payment thereof or increase the amount or extend the expiration date of any Lender’s Term Loan Commitment, in each case without the written consent of each Lender directly affected thereby; provided that, it is understood and agreed that (A) no waiver, reduction or deferral of a mandatory prepayment required pursuant to Section 2.4(b), nor any amendment of Section 2.4(b) or

 

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the definitions of Asset Disposition, or Recovery Event, shall constitute a reduction of the amount of, or an extension of the scheduled date of, the scheduled date of maturity of, or any installment of, any Term Loan or Term Note and (B) any reduction in the stated rate of interest on the Term Loan shall only require the written consent of each Lender holding a portion of the outstanding Term Loan; or

 

(b)                                 amend, modify or waive any provision of this Section or reduce the percentage specified in the definition of Required Lenders, without the written consent of all the Lenders; or

 

(c)                                  amend, modify or waive any provision of Article VIII without the written consent of the then Administrative Agent; or

 

(d)                                 release the Borrower or all or substantially all of the Guarantors from obligations under the Guaranty, without the written consent of all of the Lenders and Hedging Agreement Providers; or

 

(e)                                  release all or substantially all of the Collateral without the written consent of all of the Lenders and Hedging Agreement Providers; or

 

(f)                                    subordinate the Term Loan to any other Indebtedness without the written consent of all of the Lenders; or

 

(g)                                 subordinate the liens of the Administrative Agent in the Collateral to any other liens on the Collateral (other than Permitted Liens) without the written consent of all of the Lenders; or

 

(h)                                 permit the Borrower to assign or transfer any of its rights or obligations under this Credit Agreement or other Credit Documents without the written consent of all of the Lenders; or

 

(i)                                     amend, modify or waive any provision of the Credit Documents requiring consent, approval or request of the Required Lenders or all Lenders without the written consent of the Required Lenders or all the Lenders as appropriate; or

 

(j)                                     amend, modify or waive the order in which Credit Party Obligations are paid in Section 2.8(b) without the written consent of each Lender and each Hedging Agreement Provider directly affected thereby; or

 

(k)                                  amend the definitions of “Hedging Agreement,” “Secured Hedging Agreement,” or “Hedging Agreement Provider” without the consent of any Hedging Agreement Provider that would be adversely affected thereby.

 

Any such waiver, any such amendment, supplement or modification and any such release shall apply equally to each of the Lenders and shall be binding upon the Borrower, the other Credit Parties, the Lenders, the Administrative Agent and all future holders of the Term Notes. In

 

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the case of any waiver, the Borrower, the other Credit Parties, the Lenders and the Administrative Agent shall be restored to their former position and rights hereunder and under the outstanding Term Loan and Term Notes and other Credit Documents, and any Default or Event of Default waived shall be deemed to be cured and not continuing; but no such waiver shall extend to any subsequent or other Default or Event of Default, or impair any right consequent thereon.

 

Notwithstanding any of the foregoing to the contrary, the consent of the Borrower and the other Credit Parties shall not be required for any amendment, modification or waiver of the provisions of Article VIII (other than the provisions of Section 8.9).

 

Notwithstanding the fact that the consent of all the Lenders is required in certain circumstances as set forth above, (a) each Lender is entitled to vote as such Lender sees fit on any bankruptcy reorganization plan that affects the Term Loan, and each Lender acknowledges that the provisions of Section 1126(c) of the Bankruptcy Code supersedes the unanimous consent provisions set forth herein and (b) the Required Lenders may consent to allow a Credit Party to use cash collateral in the context of a bankruptcy or insolvency proceeding.

 

Section 9.2                                   Notices.

 

(a)                                  Except as otherwise provided in Article II, all notices, requests and demands to or upon the respective parties hereto to be effective shall be in writing (including by telecopy or other electronic communications as provided below), and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made (i) when delivered by hand, (ii) when transmitted via telecopy (or other facsimile device) to the number set out herein, (iii) the Business Day following the day on which the same has been delivered prepaid (or pursuant to an invoice arrangement) to a reputable national overnight air courier service, or (iv) the third Business Day following the day on which the same is sent by certified or registered mail, postage prepaid, in each case, addressed as follows in the case of the Borrower, the other Credit Parties and the Administrative Agent, and, in the case of each of the Lenders, as set forth in such Lender’s Administrative Details Form, or to such other address as may be hereafter notified by the respective parties hereto and any future holders of the Term Notes:

 

	
 
    	
The   Borrower
    	
The   Pep Boys — Manny, Moe & Jack
    	
 
    
	
 
    	
and   the other
    	
3111   W. Allegheny Avenue
    	
 
    
	
 
    	
Credit   Parties:
    	
Philadelphia,   Pennsylvania 19132
    	
 
    
	
 
    	
 
    	
Attention:   Mr. Harry Yanowitz, Chief Financial Officer
    	
 
    
	
 
    	
 
    	
Telecopier:
    	
(215)   430-4640
    	
 
    
	
 
    	
 
    	
Telephone:
    	
(215)   430-9000
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
with   a copy to:
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
The   Pep Boys — Manny, Moe & Jack
    	
 
    
	
 
    	
 
    	
3111   W. Allegheny Avenue
    	
 
    

 

95

 

	
 
    	
 
    	
Philadelphia,   Pennsylvania 19132
    	
 
    
	
 
    	
 
    	
Attention:   General Counsel
    	
 
    
	
 
    	
 
    	
Telecopier:                                     (215)   430-4640
    	
 
    
	
 
    	
 
    	
Telephone:                                    (215)   430-9000
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
The   Administrative
    	
 
    	
 
    
	
 
    	
Agent:
    	
Wachovia   Bank, National Association, as Administrative Agent
    
	
 
    	
 
    	
Charlotte   Plaza
    	
 
    
	
 
    	
 
    	
201   South College Street, CP8
    	
 
    
	
 
    	
 
    	
Charlotte,   North Carolina 28288-0680
    	
 
    
	
 
    	
 
    	
Attention:
    	
Syndication   Agency Services
    
	
 
    	
 
    	
Telecopier:
    	
(704)   383-3612
    	
 
    
	
 
    	
 
    	
Telephone:
    	
(704)   383-4131
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
with   a copy to:
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Wachovia   Bank, National Association,
    	
 
    
	
 
    	
 
    	
One   South Broad Street, PA 4843
    	
 
    
	
 
    	
 
    	
Philadelphia,   PA 19107
    	
 
    
	
 
    	
 
    	
Attention:
    	
Tony Braxton
    	
 
    
	
 
    	
 
    	
Telecopier:
    	
(267) 321-6700
    	
 
    
	
 
    	
 
    	
Telephone:
    	
(267) 321-6606
    	
 
    

 

provided, that notices given by the Borrower pursuant to Section 2.6 hereof shall be effective only upon receipt thereof by the Administrative Agent.

 

(b)                                 Notices and other communications to the Lenders or the Administrative Agent hereunder may be delivered or furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices to any Lender pursuant to Article II if such Lender, as applicable, has notified the Administrative Agent that it is incapable of receiving notices under such Section by electronic communication. The Administrative Agent or the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications.

 

Unless the Administrative Agent otherwise prescribes, (a) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement); provided that if such notice or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next business day for the recipient, and (b) notices or communications posted to an Internet or intranet website shall be deemed

 

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received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (a) of notification that such notice or communication is available and identifying the website address therefor.

 

Section 9.3                                   No Waiver; Cumulative Remedies.

 

No failure to exercise and no delay in exercising, on the part of the Administrative Agent or any Lender, any right, remedy, power or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law.

 

Section 9.4                                   Survival of Representations and Warranties.

 

All representations and warranties made hereunder and in any document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this Credit Agreement and the Term Notes and the making of the Term Loan; provided that all such representations and warranties shall terminate on the date upon which the Term Loan Commitments have been terminated and all amounts owing hereunder and under any Term Notes have been paid in full.

 

Section 9.5                                   Payment of Expenses and Taxes.

 

The Credit Parties agree (a) to pay or reimburse the Administrative Agent and the Arranger for all their reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation, negotiation, printing and execution of, and any amendment, supplement or modification to, this Credit Agreement and the other Credit Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby, together with the reasonable fees and disbursements of counsel to the Administrative Agent and the Arranger, (b) to pay or reimburse each Lender and the Administrative Agent for all its costs and expenses incurred in connection with the enforcement or preservation of any rights under this Credit Agreement and the other Credit Documents, including, without limitation, the reasonable fees and disbursements of counsel to the Administrative Agent and to the Lenders (including reasonable allocated costs of in-house legal counsel), (c) on demand, to pay, indemnify, and hold each Lender, the Administrative Agent and the Arranger harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying, stamp, excise and other similar taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, the Credit Documents and any such other documents, (d) to pay, indemnify, and hold each Lender, the Administrative Agent, the Arranger and their Affiliates and their respective officers, directors, employees, partners, members, counsel, agents, representatives, advisors and affiliates (collectively called the “Indemnitees”) harmless from and against, any and all other liabilities, obligations, losses, damages, penalties, actions, judgments,

 

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suits, costs, expenses or disbursements of any kind or nature whatsoever with respect to the execution, delivery, enforcement, performance and administration of the Credit Documents and any such other documents and the use, or proposed use, of proceeds of the Term Loan and (e) to pay any civil penalty or fine assessed by the U.S. Department of the Treasury’s Office of Foreign Assets Control against, and all reasonable costs and expenses (including counsel fees and disbursements) incurred in connection with defense thereof by the Administrative Agent or any Lender as a result of the funding of Term Loan, the acceptance of payments or of Collateral due under the Credit Documents (all of the foregoing, collectively, the “Indemnified Liabilities”); provided, however, that the Borrower shall not have any obligation hereunder to an Indemnitee with respect to Indemnified Liabilities arising from the gross negligence or willful misconduct of such Indemnitee, as determined by a court of competent jurisdiction pursuant to a final non-appealable judgment. The agreements in this Section shall survive repayment of the Term Loan, Term Notes and all other amounts hereunder.

 

Section 9.6                             Successors and Assigns; Participations; Purchasing Lenders.

 

(a)                                  Successors and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that neither the Borrower nor any other Credit Party may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of paragraph (b) of this Section, (ii) by way of participation in accordance with the provisions of paragraph (d) of this Section or (iii) by way of pledge or assignment of a security interest subject to the restrictions of paragraph (f) of this Section (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in paragraph (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

 

(b)                                 Assignments by Lenders. Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Term Loan Commitment and the Term Loan at the time owing to it); provided that any such assignment shall be subject to the following conditions:

 

(i)                                     Minimum Amounts.

 

(A)                              in the case of an assignment of the entire remaining amount of the assigning Lender’s Term Loan Commitment and the Term Loan at the time owing to it or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and

 

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(B)                                in any case not described in paragraph (b)(i)(A) of this Section, the aggregate amount of the Term Loan Commitment (which for this purpose includes the Term Loan outstanding thereunder) or, if the Term Loan Commitment is not then in effect, the principal outstanding balance of the Term Loan of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date) shall not be less than $1,000,000, unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed); provided that related Approved Funds shall be aggregated for purposes of determining compliance with such minimum assignment amounts.

 

(ii)                                  Proportionate Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Term Loan or the Term Loan Commitment assigned, except that this clause (ii) shall not prohibit any Lender from assigning all or a portion of its rights and obligations among separate Tranches on a non-pro rata basis.

 

(iii)                               Required Consents. No consent shall be required for any assignment except to the extent required by paragraph (b)(i)(B) of this Section and, in addition:

 

(A)                              the consent of the Borrower (such consent not to be unreasonably withheld or delayed) shall be required unless (x) an Event of Default has occurred and is continuing at the time of such assignment or (y) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; and

 

(B)                                the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required for assignments in respect of a Term Loan Commitment to a Person who is not a Lender, an Affiliate of a Lender or an Approved Fund.

 

(iv)                              Assignment and Assumption. The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500, and the assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Details Form.

 

(v)                                 No Assignment to Borrower. No such assignment shall be made to the Borrower or any of the Borrower’s Subsidiaries.

 

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(vi)                              No Assignment to Natural Persons. No such assignment shall be made to a natural person.

 

Subject to acceptance and recording thereof by the Administrative Agent pursuant to paragraph (c) of this Section, from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 2.13 and 9.5  with respect to facts and circumstances occurring prior to the effective date of such assignment. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this paragraph shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph (d) of this Section.

 

(c)                                  Register. The Administrative Agent, acting solely for this purpose as an agent of the Borrower, shall maintain at one of its offices in Charlotte, North Carolina a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Term Loan Commitment of, and principal amounts of the Term Loan owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, and the Borrower, the Administrative Agent and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice.

 

(d)                                 Participations. Any Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative Agent, sell participations to any Person (other than a natural person or the Borrower or any of the Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Term Loan Commitment and/or the Term Loan owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrower, the Administrative Agent and the Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement.

 

Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this

 

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Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver that affects such Participant. No Lender shall transfer or grant any participation under which the Participant shall have rights to approve any amendment to or waiver of this Credit Agreement or any other Credit Document except to the extent such amendment or waiver would (i) extend the scheduled maturity of any Term Loan or Term Note or any installment thereon in which such Participant is participating, or reduce the stated rate or extend the time of payment of interest or fees thereon (except in connection with a waiver of interest at the increased post-default rate set forth in Section 2.5 which shall be determined by a vote of the Required Lenders) or reduce the principal amount thereof, or increase the amount of the Participant’s participation over the amount thereof then in effect; provided that, it is understood and agreed that (A) no waiver, reduction or deferral of a mandatory prepayment required pursuant to Section 2.4(b), nor any amendment of Section 2.4(b) or the definitions of Asset Disposition or Recovery Event, shall constitute a reduction of the amount of, or an extension of the scheduled date of maturity of, or an extension of any installment of, any Term Loan or Term Note, (B) a waiver of any Default or Event of Default shall not constitute a change in the terms of such participation, and (C) an increase in the Term Loan Commitment or Term Loan shall be permitted without consent of any participant if the Participant’s participation is not increased as a result thereof, (ii) release all or substantially all of the Guarantors from their obligations under the Guaranty, (iii) release the Borrower or all or substantially all of the Collateral, or (iv) consent to the assignment or transfer by the Borrower of any of its rights and obligations under this Credit Agreement. Subject to paragraph (e) of this Section, the Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.12 and 2.13 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 9.7  as though it were a Lender, provided such Participant agrees to be subject to Section 2.8  as though it were a Lender.

 

(e)                                  Limitations upon Participant Rights. A Participant shall not be entitled to receive any greater payment under Sections 2.12 and 2.14 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 2.14 unless the Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply with Section 2.14 as though it were a Lender.

 

(f)                                    Certain Pledges. Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.

 

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Section 9.7                                   Adjustments; Set-off.

 

(a)                                  Each Lender agrees that if any Lender (a “benefited Lender”) shall at any time receive any payment of all or part of its Term Loan, or interest thereon, or receive any collateral in respect thereof (whether voluntarily or involuntarily, by set-off, pursuant to a Bankruptcy Event or otherwise) in a greater proportion than any such payment to or collateral received by any other Lender, if any, in respect of such other Lender’s Term Loan, or interest thereon, such benefited Lender shall purchase for cash from the other Lenders a participating interest in such portion of each such other Lender’s Term Loan, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender’s Term Loan may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

 

(b)                                 In addition to any rights and remedies of the Lenders provided by law (including, without limitation, other rights of set-off), each Lender shall have the right, without prior notice to the Borrower or the applicable Credit Party, any such notice being expressly waived by the Credit Parties to the extent permitted by applicable law, upon the occurrence of any Event of Default, to setoff and appropriate and apply any and all deposits (general or special, time or demand, provisional or final), in any currency, and any other credits, Indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held by or owing to such Lender or any branch or agency thereof to or for the credit or the account of the Borrower or any other Credit Party, or any part thereof in such amounts as such Lender may elect, against and on account of the Term Loan and other Credit Party Obligations of the Borrower and the other Credit Parties to the Administrative Agent and the Lenders and claims of every nature and description of the Administrative Agent and the Lenders against the Borrower and the other Credit Parties, in any currency, whether arising hereunder, under any other Credit Document or any Secured Hedging Agreement pursuant to the terms of this Credit Agreement, as such Lender may elect, whether or not the Administrative Agent or the Lenders have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The aforesaid right of set-off may be exercised by such Lender against the Borrower, any other Credit Party or against any trustee in bankruptcy, debtor in possession, assignee for the benefit of creditors, receiver or execution, judgment or attachment creditor of the Borrower or any other Credit Party, or against anyone else claiming through or against the Borrower, any other Credit Party or any such trustee in bankruptcy, debtor in possession, assignee for the benefit of creditors, receiver, or execution, judgment or attachment creditor, notwithstanding the fact that such right of set-off shall not have been exercised by such Lender prior to the occurrence of any Event of Default. Each Lender agrees promptly to notify the Borrower and the Administrative Agent after any such set-off and application made by such Lender; provided, however, that the failure to give such notice shall not affect the validity of such set-off and application.

 

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Section 9.8            Table of Contents and Section Headings.

 

The table of contents and the Section and subsection headings herein are intended for convenience only and shall be ignored in construing this Credit Agreement.

 

Section 9.9            Counterparts.

 

This Credit Agreement may be executed by one or more of the parties to this Credit Agreement on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. A set of the copies of this Credit Agreement signed by all the parties shall be lodged with the Borrower and the Administrative Agent. Delivery of an executed counterpart of a signature page of this Agreement by telecopy shall be effective as delivery of a manually executed counterpart of this Agreement.

 

Section 9.10         Effectiveness.

 

This Credit Agreement shall become effective on the date on which all of the parties have signed a copy hereof (whether the same or different copies) and shall have delivered the same to the Administrative Agent pursuant to Section 9.2 or, in the case of the Lenders, shall have given to the Administrative Agent written, telecopied or telex notice (actually received) at such office that the same has been signed and mailed to it.

 

Section 9.11         Severability.

 

Any provision of this Credit Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

Section 9.12         Integration.

 

This Credit Agreement and the other Credit Documents represent the agreement of the Borrower, the other Credit Parties, the Administrative Agent and the Lenders with respect to the subject matter hereof, and there are no promises, undertakings, representations or warranties by the Administrative Agent, the Borrower, the other Credit Parties, or any Lender relative to the subject matter hereof not expressly set forth or referred to herein or therein.

 

Section 9.13         Governing Law.

 

This Credit Agreement and, unless otherwise specified therein, each other Credit Document and the rights and obligations of the parties under this Credit Agreement and such other Credit Document shall be governed by, and construed and interpreted in accordance with, the law of the State of New York (including Sections 5-1401 and 5-1402 of The New York General Obligations Law).

 

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Section 9.14         Consent to Jurisdiction and Service of Process.

 

All judicial proceedings brought against the Borrower and/or any other Credit Party with respect to this Credit Agreement, any Term Note or any of the other Credit Documents may be brought in any state or federal court of competent jurisdiction in the State of New York, and, by execution and delivery of this Credit Agreement, the Borrower and each of the other Credit Parties accepts, for itself and in connection with its properties, generally and unconditionally, the non-exclusive jurisdiction of the aforesaid courts and irrevocably agrees to be bound by any final judgment rendered thereby in connection with this Credit Agreement from which no appeal has been taken or is available. The Borrower and each of the other Credit Parties irrevocably agree that all service of process in any such proceedings in any such court may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to it at its address set forth in Section 9.2 or at such other address of which the Administrative Agent shall have been notified pursuant thereto, such service being hereby acknowledged by the Borrower and the other Credit Parties to be effective and binding service in every respect. The Borrower, the other Credit Parties, the Administrative Agent and the Lenders irrevocably waive any objection, including, without limitation, any objection to the laying of venue or based on the grounds of forum non conveniens which it may now or hereafter have to the bringing of any such action or proceeding in any such jurisdiction. Nothing herein shall affect the right to serve process in any other manner permitted by law or shall limit the right of any Lender to bring proceedings against the Borrower or the other Credit Parties in the court of any other jurisdiction.

 

Section 9.15         Confidentiality.

 

Each of the Administrative Agent and the Lenders agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective partners, directors, officers, employees, agents, advisors and other representatives (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by any regulatory authority purporting to have jurisdiction over it (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Credit Document or any action or proceeding relating to this Agreement or any other Credit Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement, (ii) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to the Borrower and its obligations, (iii) to an investor or prospective investor in an Approved Fund that also agrees that Information shall be used solely for the purpose of evaluating an investment in such Approved Fund, (iv) to a trustee, collateral manager, servicer, backup servicer, noteholder or secured party in an Approved Fund in connection with the administration, servicing and reporting on the assets serving as collateral for an Approved Fund,

 

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or (v) to a nationally recognized rating agency that requires access to information regarding the Credit Parties, the Term Loan and Credit Documents in connection with ratings issued with respect to an Approved Fund, (g) with the consent of the Borrower or (h) to the extent such Information (i) becomes publicly available other than as a result of a breach of this Section or (ii) becomes available to the Administrative Agent, any Lender, or any of their respective Affiliates on a nonconfidential basis from a source other than the Borrower.

 

For purposes of this Section, “Information” means all information received from the Borrower or any of its Subsidiaries relating to the Borrower or any of its Subsidiaries or any of their respective businesses, other than any such information that is available to the Administrative Agent or any Lender on a nonconfidential basis prior to disclosure by the Borrower or any of its Subsidiaries, provided that, in the case of information received from the Borrower or any of its Subsidiaries after the date hereof, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information.

 

Section 9.16         Acknowledgments.

 

The Borrower and the other Credit Parties each hereby acknowledges that:

 

(a)           it has been advised by counsel in the negotiation, execution and delivery of each Credit Document;

 

(b)           neither the Administrative Agent nor any Lender has any fiduciary relationship with or duty to the Borrower or any other Credit Party arising out of or in connection with this Credit Agreement and the relationship between the Administrative Agent and the Lenders, on one hand, and the Borrower and the other Credit Parties, on the other hand, in connection herewith is solely that of debtor and creditor; and

 

(c)           no joint venture exists among the Lenders or among the Borrower or the other Credit Parties and the Lenders.

 

Section 9.17         Waivers of Jury Trial; Waiver of Consequential Damages.

 

THE BORROWER, THE OTHER CREDIT PARTIES, THE ADMINISTRATIVE AGENT AND THE LENDERS HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE, TO THE EXTENT PERMITTED BY APPLICABLE LAW, TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS CREDIT AGREEMENT OR ANY OTHER CREDIT DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN. Each of the Borrower, the other Credit Parties, the Administrative Agent and the Lenders agree not to assert any claim against any other party to this Credit Agreement or any their respective directors, officers, employees, attorneys, Affiliates or agents, on any theory of liability, for special, indirect, consequential or punitive damages arising out of or otherwise relating to any of the transactions contemplated herein.

 

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Section 9.18         Patriot Act Notice.

 

Each Lender and the Administrative Agent (for itself and not on behalf of any other party) hereby notifies the Borrower that, pursuant to the requirements of the USA Patriot Act, Title III of Pub. L. 107-56, signed into law October 26, 2001 (the “Patriot Act”), it is required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower and other information that will allow such Lender or the Administrative Agent, as applicable, to identify the Borrower in accordance with the Patriot Act.

 

ARTICLE X

 

GUARANTY

 

Section 10.1         The Guaranty.

 

In order to induce the Lenders to enter into this Credit Agreement and any Hedging Agreement Provider to enter into any Secured Hedging Agreement and to extend credit hereunder and thereunder and in recognition of the direct benefits to be received by the Guarantors from the Term Loan hereunder and any Secured Hedging Agreement, each of the Guarantors hereby agrees with the Administrative Agent, the Lenders and the Hedging Agreement Providers as follows: each Guarantor hereby unconditionally and irrevocably jointly and severally guarantees as primary obligor and not merely as surety the full and prompt payment when due, whether upon maturity, by acceleration or otherwise, of any and all Credit Party Obligations. If any or all of the Indebtedness becomes due and payable hereunder or under any Secured Hedging Agreement, each Guarantor unconditionally promises to pay such Indebtedness to the Administrative Agent, the Lenders, the Hedging Agreement Providers, or their respective order, or demand, together with any and all reasonable expenses which may be incurred by the Administrative Agent or the Lenders in collecting any of the Credit Party Obligations. The Guaranty set forth in this Article X is a guaranty of timely payment and not of collection.

 

Notwithstanding any provision to the contrary contained herein or in any other of the Credit Documents, to the extent the obligations of a Guarantor shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of each such Guarantor hereunder shall be limited to the maximum amount that is permissible under applicable law (whether federal or state and including, without limitation, the Bankruptcy Code).

 

Section 10.2         Bankruptcy.

 

Additionally, each of the Guarantors unconditionally and irrevocably guarantees jointly and severally the payment of any and all Credit Party Obligations of the Borrower to the Lenders and any Hedging Agreement Provider whether or not due or payable by the Borrower upon the occurrence of any of the events specified in Section 7.1(f), and unconditionally promises to pay

 

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such Credit Party Obligations to the Administrative Agent for the account of the Lenders and to any such Hedging Agreement Provider, or order, on demand, in lawful money of the United States. Each of the Guarantors further agrees that to the extent that the Borrower or a Guarantor shall make a payment or a transfer of an interest in any property to the Administrative Agent, any Lender or any Hedging Agreement Provider, which payment or transfer or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, or otherwise is avoided, and/or required to be repaid to the Borrower or a Guarantor, the estate of the Borrower or a Guarantor, a trustee, receiver or any other party under any bankruptcy law, state or federal law, common law or equitable cause, then to the extent of such avoidance or repayment, the obligation or part thereof intended to be satisfied shall be revived and continued in full force and effect as if said payment had not been made.

 

Section 10.3         Nature of Liability.

 

The liability of each Guarantor hereunder is exclusive and independent of any security for or other guaranty of the Credit Party Obligations of the Borrower whether executed by any such Guarantor, any other guarantor or by any other party, and no Guarantor’s liability hereunder shall be affected or impaired by (a) any direction as to application of payment by the Borrower or by any other party, or (b) any other continuing or other guaranty, undertaking or maximum liability of a guarantor or of any other party as to the Credit Party Obligations of the Borrower, or (c) any payment on or in reduction of any such other guaranty or undertaking, or (d) any dissolution, termination or increase, decrease or change in personnel by the Borrower, or (e) any payment made to the Administrative Agent, the Lenders or any Hedging Agreement Provider on the Credit Party Obligations which the Administrative Agent, such Lenders or such Hedging Agreement Provider repay the Borrower pursuant to court order in any bankruptcy, reorganization, arrangement, moratorium or other debtor relief proceeding, and each of the Guarantors waives any right to the deferral or modification of its obligations hereunder by reason of any such proceeding.

 

Section 10.4         Independent Obligation.

 

The obligations of each Guarantor hereunder are independent of the obligations of any other Guarantor or the Borrower, and a separate action or actions may be brought and prosecuted against each Guarantor whether or not action is brought against any other Guarantor or the Borrower and whether or not any other Guarantor or the Borrower is joined in any such action or actions.

 

Section 10.5         Authorization.

 

Each of the Guarantors authorizes the Administrative Agent, each Lender and each Hedging Agreement Provider without notice or demand (except as shall be required by applicable statute and cannot be waived), and without affecting or impairing its liability hereunder, from time to time to (a) renew, compromise, extend, increase, accelerate or otherwise change the time for payment of, or otherwise change the terms of the Credit Party Obligations or any part thereof in accordance with this Credit Agreement and any Secured Hedging Agreement, as applicable, including any increase or decrease of the rate of interest thereon, (b) take and hold

 

107

 

security from any Guarantor or any other party for the payment of this Guaranty or the Credit Party Obligations and exchange, enforce waive and release any such security, (c) apply such security and direct the order or manner of sale thereof as the Administrative Agent and the Lenders in their discretion may determine and (d) release or substitute any one or more endorsers, Guarantors, the Borrower or other obligors.

 

Section 10.6         Reliance.

 

It is not necessary for the Administrative Agent, the Lenders or any Hedging Agreement Provider to inquire into the capacity or powers of the Borrower or the officers, directors, members, partners or agents acting or purporting to act on its behalf, and any Credit Party Obligations made or created in reliance upon the professed exercise of such powers shall be guaranteed hereunder.

 

Section 10.7         Waiver.

 

(a)           Each of the Guarantors waives any right (except as shall be required by applicable statute and cannot be waived) to require the Administrative Agent, any Lender or any Hedging Agreement Provider to (i) proceed against the Borrower, any other guarantor or any other party, (ii) proceed against or exhaust any security held from the Borrower, any other guarantor or any other party, or (iii) pursue any other remedy in the Administrative Agent’s, any Lender’s or any Hedging Agreement Provider’s power whatsoever. Each of the Guarantors waives any defense based on or arising out of any defense of the Borrower, any other guarantor or any other party other than payment in full of the Credit Party Obligations (other than contingent indemnity obligations), including without limitation any defense based on or arising out of the disability of the Borrower, any other guarantor or any other party, or the unenforceability of the Credit Party Obligations or any part thereof from any cause, or the cessation from any cause of the liability of the Borrower other than payment in full of the Credit Party Obligations. The Administrative Agent may, at its election, foreclose on any security held by the Administrative Agent by one or more judicial or nonjudicial sales (to the extent such sale is permitted by applicable law), or exercise any other right or remedy the Administrative Agent or any Lender may have against the Borrower or any other party, or any security, without affecting or impairing in any way the liability of any Guarantor hereunder except to the extent the Credit Party Obligations have been paid in full and the Term Loan Commitments have been terminated. Each of the Guarantors waives any defense arising out of any such election by the Administrative Agent or any of the Lenders, even though such election operates to impair or extinguish any right of reimbursement or subrogation or other right or remedy of the Guarantors against the Borrower or any other party or any security.

 

(b)           Each of the Guarantors waives all presentments, demands for performance, protests and notices, including without limitation notices of nonperformance, notice of protest, notices of dishonor, notices of acceptance of this Guaranty, and notices of the existence, creation or incurring of new or additional Credit Party Obligations. Each Guarantor assumes all responsibility for being and keeping itself

 

108

 

informed of the Borrower’s financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Credit Party Obligations and the nature, scope and extent of the risks which such Guarantor assumes and incurs hereunder, and agrees that neither the Administrative Agent nor any Lender shall have any duty to advise such Guarantor of information known to it regarding such circumstances or risks.

 

(c)           Each of the Guarantors hereby agrees it will not exercise any rights of subrogation which it may at any time otherwise have as a result of this Guaranty (whether contractual, under Section 509 of the U.S. Bankruptcy Code, or otherwise) to the claims of the Lenders or any Hedging Agreement Provider against the Borrower or any other guarantor of the Credit Party Obligations of the Borrower owing to the Lenders or such Hedging Agreement Provider (collectively, the “Other Parties”) and all contractual, statutory or common law rights of reimbursement, contribution or indemnity from any Other Party which it may at any time otherwise have as a result of this Guaranty until such time as the Credit Party Obligations shall have been paid in full and the Term Loan Commitments have been terminated. Each of the Guarantors hereby further agrees not to exercise any right to enforce any other remedy which the Administrative Agent, the Lenders or any Hedging Agreement Provider now have or may hereafter have against any Other Party, any endorser or any other guarantor of all or any part of the Credit Party Obligations of the Borrower and any benefit of, and any right to participate in, any security or collateral given to or for the benefit of the Lenders and/or the Hedging Agreement Providers to secure payment of the Credit Party Obligations of the Borrower until such time as the Credit Party Obligations (other than contingent indemnity obligations) shall have been paid in full and the Term Loan Commitments have been terminated.

 

Section 10.8         Limitation on Enforcement.

 

The Lenders and the Hedging Agreement Providers agree that this Guaranty may be enforced only by the action of the Administrative Agent acting upon the instructions of the Required Lenders or such Hedging Agreement Provider (only with respect to obligations under the applicable Secured Hedging Agreement) and that no Lender or Hedging Agreement Provider shall have any right individually to seek to enforce or to enforce this Guaranty, it being understood and agreed that such rights and remedies may be exercised by the Administrative Agent for the benefit of the Lenders under the terms of this Credit Agreement and for the benefit of any Hedging Agreement Provider under any Secured Hedging Agreement. The Lenders and the Hedging Agreement Providers further agree that this Guaranty may not be enforced against any director, officer, employee or stockholder of the Guarantors.

 

Section 10.9         Confirmation of Payment.

 

The Administrative Agent and the Lenders will, upon request after payment of the Credit Party Obligations which are the subject of this Guaranty and termination of the Term Loan Commitments relating thereto, confirm to the Borrower, the Guarantors or any other Person that such Indebtedness and obligations have been paid and the Term Loan Commitments relating thereto terminated, subject to the provisions of Section 10.2.

 

109

 

[Signature Pages Follow]

 

110

 

IN WITNESS WHEREOF, the parties hereto have caused this Amended and Restated Credit Agreement to be duly executed and delivered by its proper and duly authorized officers as of the day and year first above written.

 

	
BORROWER:
    	
 
    	
/s/   THE PEP BOYS - MANNY, MOE & JACK,
    
	
 
    	
 
    	
a   Pennsylvania corporation
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
GUARANTORS:
    	
 
    	
/s/   THE PEP BOYS - MANNY, MOE & JACK OF CALIFORNIA,
    
	
 
    	
 
    	
a   California corporation
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
/s/   PEP BOYS - MANNY, MOE & JACK OF DELAWARE, INC.,
    
	
 
    	
 
    	
a   Delaware corporation
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
/s/   PEP BOYS - MANNY, MOE & JACK OF PUERTO RICO, INC.,
    
	
 
    	
 
    	
a   Delaware corporation
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
/s/   CARRUS SUPPLY CORPORATION,
    
	
 
    	
 
    	
a   Delaware corporation
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
/S/   PBY CORPORATION,
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
ADMINISTRATIVE   AGENT
    	
 
    	
/s/   WACHOVIA BANK, NATIONAL ASSOCIATION,
    
	
AND   LENDERS:
    	
 
    	
as   Administrative Agent and as a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
/s/   Lenders
    

 

 

Schedule l.l(a)

 

[FORM OF)

ACCOUNT DESIGNATION LETTER

 

[Date)

 

Wachovia Bank, National Association,

as Administrative Agent

20 I South College Street

NC0680/CP8

Charlotte, North Carolina 28288-0680

Attn: Syndication Agency Services

 

Ladies and Gentlemen: 

 

This Account Designation Letter is delivered to you by The Pep Boys- Manny, Moe & Jack, a Pennsylvania corporation (the “Borrower”), under the Amended and Restated Credit Agreement, dated as of October (    ), 2006 (as amended, restated, amended and restated or otherwise modified, the “Credit Agreement”), by and among the Borrower, the Domestic Subsidiaries of the Borrower from time to time party thereto, the Lenders from time to time party thereto, and Wachovia Bank, National Association, as administrative agent for the Lenders (the “Administrative Agent”).  Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Credit Agreement.

 

The Administrative Agent is hereby authorized to disburse all Loan proceeds into the following account, unless the Borrower shall designate, in writing to the Administrative Agent, one or more other accounts:

 

	
 
    	
 
    	
 
    
	
 
    	
ABA   Routing Number I          
    
	
 
    	
Account #I         
    

 

Notwithstanding the foregoing, on the Closing Date, funds borrowed under the Credit Agreement shall be sent to the institutions and/or persons designated on payment instructions to be delivered separately.

 

{REMAINDER OF PAGE INTENTIONALLY LEFT BLANK}

 

 

fN WITNESS WHEREOF,  the undersigned has executed this Account Designation Letter as of the day and year first above written.

 

	
 
    	
THE   PEP BOYS -MANNY, MOE & JACK,
    
	
 
    	
a   Pennsylvania corporation
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
Name:
    	
 
    
	
 
    	
Title:
    	
 
    

 

 

Schedule l.1(b)- Liens

 

1.     Mortgage in favor of Gayle & Ida Cook on Borrower’s real property and improvements located at 1120 West Patrick Street, Frederick, MD

 

2.     The following Synthetic Leases:

·      Lombard Equipment Lease

·      WDC Synthetic Lease Facility

 

3.     Amended and Restated Loan and Security Agreement, dated as of August 1, 2003 by and among Congress Financial Corporation, The ClT Group/Business Credit, Inc. and General Electric Capital Corporation as Co-Documentation Agents, the revolving lenders, the Borrowers (as defined therein) and the Guarantors (as defined therein), as amended.

 

4.     Encumbrances included in any title policy to any Mortgaged Property.

 

5.     Mechanic’s Lien filed on property located at 1 020 E. Hunting Park Avenue, Philadelphia, PA, as Term No. 9909M0004, dated September 20, 1999 for $6,494.52.

 

6.     Mechanic’s Lien or Claim of Lien by Affidavit dated February 26, 2003, filed March 4, 2003, executed by Thomas J. Bertrand, on property located at 2336 Boca Chica Blvd., Brownsville, TX, claiming a lien in the amount of $550.00.

 

7.     Writ of Fieri Facias on property located at 8702 Abercom Street, Savannah, GA, with parties Benjamin Holmes, Jr. vs. The Pep Boys - Manny, Moe & Jack, in the principal amount of$1,647.20 (interest, penalty and court costs not included), dated November 16, 1999, and recorded November 16, 1999.

 

8.     Writ of Fieri Facias on property located at 8702 Abercorn Street, Savannah, GA, with parties Michael Harris vs. The Pep Boys- Manny, Moe & Jack, in the principal amount of$1,200 (interest, penalty and court costs not included), dated February 8, 2002, and recorded February 25, 2002.

 

9.     Writ of Fieri Facias on property located at 8702 Abercorn Street, Savannah, GA, with parties Tammy Brinson vs. The Pep Boys - Manny, Moe & Jack, in the principal amount of$667.47 (interest, penalty and court costs not included), dated April 22, 2003.

 

10.   Writ of Fieri Facias on property located at 8702 Abcrcorn Street, Savannah, GA, with parties Curtis McKenzie vs. The Pep Boys- Manny, ‘Moe & Jack, in the principal amount of $231.43 (interest, penalty and court costs not included), dated August 11, 2003, and recorded August 22, 2003.

 

 

11.   Writ of Fieri Facias on property located at 8702 Abercorn Street, Savannah, GA, with parties Raymond Roberts, Jr. vs. The Pep Boys- Manny, Moe & Jack, in the principal amount of $1,696.08 (interest, penalty and court costs not included), dated January 27, 2004, and recorded February 3, 2004.

 

12.   Writ of Fieri Facias on property located at 8702 Abercorn Street, Savannah, GA, with parties Beatrice Oliver vs. The Pep Boys- Manny, Moe & Jack, in the principal amotmt of$661.61 (interest, penalty and court costs not included), dated April 23, 2004, and recorded April 23, 2004.

 

13.   Certificate of Judgment on property located at 1321 Morse Road, Columbus, OH, in favor of Ohio State Department of Taxation in the Amotmt of$1,459.41, plus interest and costs, filed March 5, 1996.

 

14.   Retailers’ occupation tax lien on property located at 7030 S. Cicero A venue, Bedford Park, IL, in favor of the State of Illinois Department of Revenue against Pep Boys recorded August 14,2001 as document number 0010746289.

 

15.   Revenue lien in favor of the State of Illinois Department of Revenue on property located at 900 Broadview Village Square, Broadview, IL, recorded August 8, 2001 as Document Number 0010746289.

 

16.   Labor or Materialman’s Affidavit, filed March 5, 2003 as #1174008, on property located at 1313 N. Texas Blvd., Weslaco, TX, in the amount of $550 by TNT Striping.

 

17.   Affidavit claiming a lien on property located at 609 S. 1Oth St., McAllen, TX, executed by TnT Striping, against pep Boys, in the amount of$550, file #1174007.

 

18.   Affidavit for Mechanic’s lien on property located at 3616 S. Broadway, Tyler, TX, dated March 6, 2003, executed by Frank Parrish, Jr.

 

19.   Affidavit for Mechanic’s lien on property located at 3616 S. Broadway, Tyler, TX, dated March 6, 2003, executed by Willis Jarrel, Jr.

 

20.   First-tier Subcontractor’s Affidavit for claim for Mechanic’s Lien on property located at 3616 S. Broadway, Tyler, TX, dated March 10, 2003, executed by William Jones.

 

21.   UCC-1 Financing Statement filed June 29,2001, on property located at 609 S. lOth Street, McAllen, TX, recorded as File No. 983975, in favor ofGMAC Business Credit, LLC, against The Pep Boys Manny, Moe & Jack of California.

 

 

22.   UCC-1 Financing Statement filed June 29, 2001, on property located at 609 S. 1Oth Street, McAllen, TX, recorded as File No. 983976, in favor of GMAC Business Credit, LLC, against The Pep Boys Manny, Moe & Jack of Delaware.

 

23.   UCC Fixture Financing Statement on property located at J 924 Skibo Road, Fayetteville, NC, in favor of GMAC Business Credit, LLC, recorded as UCC File No. 01-2041.

 

24.   VCC-2 Financing Statement on property located at 1 1 160 Alpharetta Highway, Roswell, GA, in favor of GMAC Business Credit, LLC, filed June 29, 200 l as VCC Financing Statement File No. 461991.

 

25.   VCC Fixture Financing Statement on property located at 1490 US Highway 70 W, Garner, NC, in favor ofGMAC Business Credit, dated June 29, 2001, recorded as UCC File No. 01-4436.

 

26.   Financing Statement of Pep Boys- Manny, Moe & Jack of Delaware, Inc. on property located 775 West Route 70, Marlton, NJ, in tavor of GMAC Business Credit, Inc., No. #3530853, filed June 29, 2001.

 

27.   Financing Statement of Pep Boys- Manny, Moe & Jack of Delaware, Inc., on property located at 1608 Highway 35, Ocean, NJ, in favor ofGMAC Business Credit, LLC, #2001094750, tiled June 29,2001.

 

28.   Financing Statement of Pep Boys- Manny, Moe & Jack of Delaware, Inc., on propeny located at 5241 Route 42, Turnersville, NJ, in favor ofGMAC Business Credit, LLC, filed as #48149 on June 29, 2001.

 

29.   Lien in favor of GMAC Business Credit, LLC, on Borrower’s property located at 4949 Jonestown Road, Harrisburg, PA, recorded June 29, 2001.

 

30.   Lien in favor of GMAC Business Credit, LLC, on Borrower’s property located at 1748 Street Road, Cornwell Heights, PA, filed June, 26,2001, No. 57228.

 

31.   Financing Statement of Pep Boys Manny Moe & Jack of California on property located at I 135 East Colorado Blvd., Pasadena, CA, in favor of GMAC Business Credit, LLC, filed for record July 2, 2001 as Instmment No. 01·1 142280.

 

32.   UCC-1 Financing Statement filed July ll, 200 I, granted by The Pep Boys Manny, Moe & Jack of California, on property located at 8917 research Boulevard, Austin, TX, in favor of GMAC Business Credit, LLC.

 

33.   Security Interest in favor ofGMAC Business Credit LLC in certain described chattels on land located at 2501 S. Cicero Ave., Cicero, TL, as disclosed by Financing Statement executed by the Pep Boys Manny Moe & Jack of California, Debtor, and filed June 28, 2001 as document no. 00105.

 

 

34.   Financing Statement of Pep Boys Manny Moe & Jack of Delaware on property located at 775 W. Route 70, Marlton, NJ, in favor of GMAC Business Credit, LLC, filed for record July 9, 2001 as #3533895.

 

35.   Financing Statement of Pep Boys Manny Moe & Jack of Delaware on property located at 5241 Route 42, Turnersville, NJ, in favor ofGMAC Business Credit, LLC, filed for record July 29, 2001 as #48151.

 

36.   UCC-1 Financing Statement on property located at 5445 Fairmount Parkway, Pasadena Texas, filed for record on May 16,2001, given by Pep Boys-Manny, Moe & Jack of Delaware, Inc., in favor of Heller Financial Leasing, Inc.

 

37.   UCC Financing Statement recorded May 16,2001, tiled May 16,2001, on property located at 3616 S. Broadway, Tyler, TX, by Pep Boys-Manny, Moe & Jack of Delaware, Inc, in favor of Heller Financial Leasing, Inc.

 

38.   UCC Financing Statement on property located at 1313 N. Texas Blvd., Weslaco, TX, in favor of Heller Financial Leasing, Inc. by Pep Boys- Manny, Moe & Jack of California, filed May 16,2001, as File No. 970487.

 

39.   Security Interest of Heller Financial Leasing, Inc., secured party, in certain described chattels on the land, located at 21610 Cicero Avenue, Matteson, IL, as disclosed by financing statement naming The Pep Boys Manny Moe Jack of California as debtor and recorded May I 6, 2001.

 

40.   Judgment on property located at 41 01-19 Market St., Philadelphia, PA, in favor of Hicks against Manny, Moe and Jack; Pep Boys; Pep Boys Company, Inc.; Pep Boys, Inc.; Pep Boys, Manny, Moe & Jack in the amount of$5,000,000, dated June 30, 2004 as #021203509.

 

41.   Judgment on property located at 4101-19 Market St., Philadelphia, PA, in favor of Fradelos against Pep Boys Automotive Supercenters and Pep Boys- Manny, Moe & Jack of Delaware in the amount of $10,214.00, dated November 9, 2005 as #050302280.

 

42.   Judgment on property located at 4101-19 Market St., Philadelphia, PA, in favor of Bubis, et al. against Pep Boys, Manny, Moe & Jack in the amount of $20,000.00, dated April 12, 2005 as #040303784.

 

43.   Judgment on property located at 4101-19 Market St., Philadelphia, PA, in favor of Brantley against Pep Boys- Manny, Moe & Jack in the amount of$33,255.06, dated August 30,2006 as #051001559.

 

 

44.   Judgment on property located at 4101-19 Market St., Philadelphia, PA, in favor of Goslee against The Pep Boys- Manny. Moe & Jack in the amount of $11,000.00, dated August 30,2006 as #051004787.

 

45.   Judgment on property located at 4101-19 Market St., Philadelphia, PA, in favor of Rose Marie Garcia against Pep Boys Corp. in the amount of$283.00, dated July 21, 2006 as #SC0606065722.

 

46.   Judgment on property located at 4101-19 Market St., Philadelphia, PA, in favor of Raynae Fields against Pep Boys in the amount of $471.30, dated August 14, 2002 as #0207121344.

 

47.   Judgment on property located at 4101-19 Market St., Philadelphia, PA, in favor of City of Philadelphia against Pep Boys in the amount of$348.00, dated December 3, 2004 as #C£04103335165.

 

48.   Judgment on property located at 4101-19 Market St., Philadelphia, PA, in favor of Allstate Insurance Company (Jennifer Juisto) against Pep Boys in the amount of $1,438.84, dated November 18,2003 as #SC0310212178.

 

49.   Judgment on property located at 4101-19 Market St., Philadelphia, PA, in favor of City ofPhiladelphia against Pep Boys in the amount of$348.00, dated May 19, 2006 as #CE060330472.

 

50.   Judgment on property located at 4101-19 Market St., Philadelphia, PA, in favor of City of Philadelphia against Pep Boys in the amount of $1 ,545.50, dated October 11,2002 as #C£0208335635.

 

51.   Judgment on property located at 410 l-19 Market St., Philadelphia, PA, in favor of GEICO against Pep Boys in the amount of$7,998.67, dated Fcbntary 20, 2003 as #SC02112Il913.

 

52.   Judgment on property located at 41 0119 Market St., Philadelphia, PA, in favor of Nellie Norman against Pep Boys #280 in the amount of$4,849.74, dated February 2, 2004 as #SC0312126109.

 

53.   Judgment on property located at 4101-19 Market St., Philadelphia, PA, in favor of Allstate Barabas Jones against Pep Boys, a Corp., in the amount of $6,158.57, dated December 21, 2005 as #SC051 0288655.

 

54.   Judgment on property located at 4 J 01-19 Market St., Philadelphia, PA, in favor of Ebboni Ames against Pep Boys Automotive Corp. in the amount of $464.33, dated July 8, 2002 as #SC0206040277.

 

 

	
55.
    	
Judgment   on property located at 4101-19 Market St., Philadelphia, PA, in favor of Li   Ling against Pep Boys Inc. Corp. Headquarters in the amount of $2,519.00,   dated April 30, 2003 as #SC03040203891.
    
	
 
    	
 
    
	
56.
    	
Judgment   on property located at 4101-19 Market St., Philadelphia, PA, in favor of   Victor J. Cabrera against Pep Boys Inc. in the amount of $1 ,022.34, dated   March 20, 2006 as #SC0602025289.
    
	
 
    	
 
    
	
57.
    	
Judgment   on property located at 4320 High Point Rd., Greensboro, NC, in favor of   Hussien Nafe against Pep Boys (Store #36) in the amount of $2039.00, dated   June 3, 1996, recorded in Book 379, Page 175, Guilford County Real   Property Records.
    
	
 
    	
 
    
	
58.
    	
Judgment   on property located at 4320 High Point Rd., Greensboro, NC, in favor of   Alexis P. Collier against Pep Boys (Store #36) in the amount of $245.00,   dated July 22, 1999, recorded in Book 407, Page 314, Guilford   County Real Property Records.
    
	
 
    	
 
    
	
59.
    	
Judgment   on property located at 4320 High Point Rd., Greensboro, NC, in favor of James   Alan Kibler against Pep Boys (Store #36) in the amount of $1840.00, dated   June 21, 1999, recorded in Book 407, Page 83, Guilford County Real   Property Records.
    
	
 
    	
 
    
	
60.
    	
Writ   of Fieri Facias on property located at 2207 E. Main St., Snellville, GA, with   parties Beneficial Georgia, Inc. vs. The Pep Boys Manny, Moe &   Jack, Inc. in the amount of$10,214.00, dated February 6, 2006 and   recorded April 25, 2006 in Book 1924, Page 263.
    
	
 
    	
 
    
	
61.
    	
Writ   ofFieri Facias on property located at 2207 E. Main St., Snellville, GA, with   parties Patricia B. Tonini vs. Pep Boys, Inc. in the amount of$2,656.00,   dated January 2, 2001 and recorded January 3, 2001 in Book 1154,   Page 214.
    
	
 
    	
 
    
	
62.
    	
Judgment   on property located at 9101- I 5 Ridge   Ave., Philadelphia, PA, in favor of Hicks against Manny, Moe and Jack; Pep   Boys; Pep Boys Company, Inc.; Pep Boys, Inc.; Pep Boys, Manny,   Moe & Jack in the amount of$5,000,000, dated June 30,2004 as   #021203509.
    
	
 
    	
 
    
	
63.
    	
Judgment   on property located at 9101-15 Ridge Ave., Philadelphia, PA, in favor of   Fradelos against Pep Boys Automotive Supercenters and Pep Boys - Manny,   Moe & Jack of Delaware in the amount of$10,214.00, dated   November 9, 2005 as #050302280.
    
	
 
    	
 
    
	
64.
    	
Judgment   on property located at 9101-15 Ridge Ave., Philadelphia, PA, in favor   ofBubis, et al. against Pep Boys, Manny, Moe & Jack in the amount of   $20,000.00, dated April 12,2005 as #040303784.
    

 

 

	
65.
    	
Judgment   on property located at 9101-15 Ridge Ave., Philadelphia, PA, in favor of   Brantley against Pep Boys- Manny, Moe & Jack in the amount   of$33,255.06, dated August 30,2006 as #051001559.
    
	
 
    	
 
    
	
66.
    	
Judgment   on property located at 9101-15 Ridge Ave., Philadelphia, PA, in favor of   Goslee against The Pep Boys - Matmy, Moe & Jack in the amount of   $11,000.00, dated August 30,2006 as #051004787.
    
	
 
    	
 
    
	
67.
    	
Judgment   on property located at 9101-15 Ridge Ave., Philadelphia, PA, in favor of Rose   Marie Garcia against Pep Boys Corp. in the amount of $283.00, dated   July 21,2006 as #SC0606065722.
    
	
 
    	
 
    
	
68.
    	
Judgment   on property located at 9101-15 Ridge Ave., Philadelphia, PA, in favor ofRaynae   Fields against Pep Boys in the amount of$471.30, dated August 14, 2002   as #0207121344.
    
	
 
    	
 
    
	
69.
    	
Judgment   on property located at 9101-15 Ridge Ave., Philadelphia, PA, in favor of City   of Philadelphia against Pep Boys in the atnount of$348.00, dated December 3,   2004 as #CE04103335165.
    
	
 
    	
 
    
	
70.
    	
Judgment   on property located at 9101-15 Ridge Ave., Philadelphia, PA, in favor of   Allstate Insurance Company (Jennifer Juisto) against Pep Boys in the amount   of$1,438.84, dated November 18,2003 as #SC0310212178.
    
	
 
    	
 
    
	
71.
    	
Judgment   on property located at 9101-15 Ridge Ave., Philadelphia, PA, in favor of City   of Philadelphia against Pep Boys in the amount of $348.00, dated May 19,   2006 as #CE060330472.
    
	
 
    	
 
    
	
72.
    	
Judgment   on property located at 9101-!5 Ridge Ave., Philadelphia, PA, in favor of City   of Philadelphia against Pep Boys in the amount of $1 ,545.50, dated October 11, 2002 as #CE0208335635.
    
	
 
    	
 
    
	
73.
    	
Judgment   on property located at 9101-15 Ridge Ave., Philadelphia, PA, in favor ofGEICO   against Pep Boys in the amount of $7,998.67, dated Febmary 20, 2003 as   #SC0211211913.
    
	
 
    	
 
    
	
74.
    	
Judgment   on property located at 9101-15 Ridge Ave., Philadelphia, PA, in favor   ofNellie Norman against Pep Boys #280 in the amount of$4,849.74, dated   February 9, 2004 as #SC03!21261 09.
    
	
 
    	
 
    
	
75.
    	
Judgment   on property located at 9101-15 Ridge Ave., Philadelphia, PA, in favor of   Allstate Barabas Jones against Pep Boys, a Corp., in the amount of $6,1   58.57, dated December 2!, 2005 as #SC051 0288655.
    

 

 

	
76.
    	
Judgment   on property located at 9101-15 Ridge Ave., Philadelphia, PA, in favor   ofEbboni Ames against Pep Boys Automotive Corp. in the amount of$464.33,   dated July 8, 2002 as #SC0206040277.
    
	
 
    	
 
    
	
77.
    	
Judgment   on property located at 9101-15 Ridge Avc., Philadelphia, PA, in favor of Li   Ling against Pep Boys Inc. Corp. Headquarters in the amount of $2,519.00,   dated April 30, 2003 as #SC03040203891.
    
	
 
    	
 
    
	
78.
    	
Judgment   on property located at 9101-15 Ridge Ave., Philadelphia, PA, in favor of   Victor J. Cabrera against Pep Boys Inc. in the amount of $1,022.34, dated   March 20, 2006 as #SC0602025289.
    
	
 
    	
 
    
	
79.
    	
Judgment   on property located at 2455 Decker Blvd., Columbia, SC, in favor of Neshia A.   McCall against Pep Boys in the amount of$55.00, dated September 12, 2000   as #004660870.
    
	
 
    	
 
    
	
80.
    	
Judgment   on property located at 8825 S. Jewella Ave., Shreveport, LA, in favor of   Superior National Insurance Group and against the Pep Boys- Manny,   Moe & Jack, Inc. in the amount of $14,152.18, plus penalties   and interest, dated March 24,2000, recorded in Book 2964, Page 73.
    
	
 
    	
 
    
	
81.
    	
Judgment   on property located at 1509 Easton Rd., Willow Grove, PA, in favor of Jee   Sung Kim against Pep Boys, Inc. and Worldwide Automotive in the amount   of$2,045.93, dated June 28,2002 as #2002-12060.
    
	
 
    	
 
    
	
82.
    	
Judgment   on property located at 2380 S. Hamilton Rd., Columbus, OH, in favor of Ohio   State Department of Taxation against Pep Boys in the amount of $1 ,459.41,   dated March 5, 1996, recorded in Book 96JG, Page 2772, Franklin   County Real Property Records.
    
	
 
    	
 
    
	
83.
    	
Abstract   of Judgment on property located at 10501 Gateway West 11, El Paso, TX, in   favor of Devant Stewart and Deanna Stewart against The Pep Boys Manny Moe and   Jack in the amount of$1 ,384.00, plus costs, interest and attorney’s fees,   dated May 15, 1997, in Volume 3202, Page 1724, Real Property   Records of El Paso County.
    
	
 
    	
 
    
	
84.
    	
Abstract   of Judgment on property located at 10501 Gateway West II, El Paso, TX, in   favor ofRonald S. Vievra against Pep Boys in the amount of$571.73, plus   costs, interest and attorney’s fees, dated June 17,2003, in Volume 4581,   Page 1798, Real Property Records ofEl Paso County.
    
	
 
    	
 
    
	
85.
    	
Abstract   of Judgment on property located at 5616 Walzem Rd., San Antonio, TX, in favor   of Gracie Thompson against Pep Boys #746 in the amount of $686.00, plus   interest and costs, filed June 20,2002, in Volume 9438, Page 791,   Real Property Records of Bexar County.
    

 

 

	
86.
    	
Abstract   ofJudgment on property located at 4010 W. Camp Wisdom Rd., Dallas, TX, in   favor of Sandra L. MeWhorter against Pep Boys #717 in the amount of $336.34,   tiled March 22,2004, in Volume 2004056, Page 1560, Real Property   Records of Dallas County.
    
	
 
    	
 
    
	
87.
    	
Abstract   of Judgment on property located at 40l0 W. Camp Wisdom Rd., Dallas, TX, in   favor of Jay Wesley Kralik against Pep Boys Manny Moe & Jack, eta!.   in the amount of$2,399.14, filed June 7, 2005, in Volume 2005111,   Page 5302, Real Property Records of Dallas County.
    
	
 
    	
 
    
	
88.
    	
Abstract   of Judgment on property located at 2317 N. Galloway Blvd., Mesquite, TX, in   favor of Sandra L. McWhorter against Pep Boys #717 in the amount of $336.34,   filed March 22, 2004, in Volume 2004056, Page 1560, Real Property   Records of Dallas County.
    
	
 
    	
 
    
	
89.
    	
Abstract   of Judgment on property located at 2317 N. Galloway Blvd., Mesquite, TX, in   favor of Jay Wesley Kralik against Pep Boys Manny Moe & Jack, eta!.   in the amount of$2,399.14, filed June 7, 2005, in Volume 2005111,   Page 5302, Real Property Records of Dallas County.
    
	
 
    	
 
    
	
90.
    	
Abstract   of Judgment on property located at 1455 W. Trinity Mi11s Rd., Carrollton, TX,   in favor of Sandra L. McWhorter against Pep Boys #717 in the amount   of$336.34, filed March 22,2004, in Volume 2004056, Page 1560, Real   Property Records of Dallas County.
    
	
 
    	
 
    
	
91.
    	
Abstract   of Judgment on property located at 1455 W. Trinity Mills Rd., Carrollton, TX,   in favor of Jay Wesley Kralik against Pep Boys Manny Moe & Jack, et   al. in the amount of $2,399.14, filed June 7, 2005, in Volume 2005 I 11,   Page 5302, Real Property Records of Dallas County.
    
	
 
    	
 
    
	
92.
    	
Abstract   of Judgment on property located at 1212 N. Collins St., Arlington, TX, in   favor of Alfred J. Doldorf against Pep Boys in the amount of $244.00, filed   on August 2, 2002, in Volume 15863, Page 628, Real Property Records   of Tarrant County, as corrected in Volume 17086, Page 232, Real Property   Records of Tarrant County.
    
	
 
    	
 
    
	
93.
    	
Abstract   of Judgment on property located at 1710 Buckner Blvd. S., Oallas, TX, in   favor of Sandra L. Me Whorter against Pep Boys #717 in the amount of $336.34,   filed March 22,2004, in Volume 2004056, Page 1560, Real Property   Records of Dallas County.
    
	
 
    	
 
    
	
94.
    	
Abstract   of Judgment on property located at 1710 Buckner Blvd. S., Dallas, TX, in   favor of Jay Wesley Kralik against Pep Boys Manny Moe & Jack, et al.   in the amount of$2,399.14, filed June 7, 2005, in Volume 2005111,   Page 5302, Real Property Records of Dallas County.
    

 

 

	
95.
    	
Abstract   of Judgment on property located at 6200 San Pedro Ave., San Antonio, TX, in   favor of Gracie Thompson against Pep Boys #746 in the amount of $686.00, plus   interest and costs, filed June 20,2002, in Volume 9438, Page 791, Real   Property Records of Bexar County.
    
	
 
    	
 
    
	
96..
    	
Abstract   of Judgment on property located at 8103 Marbach Rd., San Antonio, TX, in   favor of Gracie Thompson against Pep Boys #746 in the amount of $686.00, plus   interest and costs, tiled June 20,2002, in Volume 9438, Page 791,   Real Property Records of Bexar County.
    
	
 
    	
 
    
	
97.
    	
Abstract   of Judgment on property located at 101 W. Seminary Dr., Fort Worth, TX, in   favor of Alfred J. Doldorf against Pep Boys in the an1ount of $244.00, filed   on August 2, 2002, in Volume 15863, Page 628, Real Property Records   of Tarrant County, as corrected in Volume 17086, Page 232, Real Property   Records of Tarrant County.
    
	
 
    	
 
    
	
98.
    	
Abstract   of Judgment on property located at 101 W. Seminary Dr., Fort Worth, TX, in   favor ofTan1 Tran Nguyen against Pep Boys in the an1ount of$400.00, tiled on   November 28, 1995, in Volume 12178, Page 2400, Real Property   Records of Tarrant County.
    
	
 
    	
 
    
	
99.
    	
Abstract   of Judgment on property located at 424 E. State Highway 303, Grand Prairie,   TX, in favor of Sandra L. MeWhorter against Pep Boys #717 in the amount   of$336.34, filed March 22,2004, in Volume 2004056, Page 1560,   Abstract of Judgment Records of Dallas County.
    
	
 
    	
 
    
	
100.
    	
Abstract   of Judgment on property located at 424 E. State Highway 303, Grand Prairie,   TX, in favor of Mrs. Pat Washington against Pep Boys in the amount   of$310.94, filed August 1, 1995, in Volume 95148, Page 2508,   Abstract of Judgment Records of Dallas County.
    
	
 
    	
 
    
	
101.
    	
Abstract   of Judgment on property located at 424 E. State Highway 303, Grand Prairie,   TX, in favor ofClebum W. Wrisner against Pep Boys #765 The Pep Boys Manny   Moe & Jack in the an10unt of $2,677.08, tiled May 30, 1996, in   Volume 96107, Page 5514, Abstract of.Tudgment Records of Dallas County.
    
	
 
    	
 
    
	
I 02.
    	
Affidavit   Claiming Mechanic’s Lien on property located at 2473 S. Danville St.,   Abilene, TX, in the amount of $1 ,350.00, dated February 26, 2003,   executed by Thomas J. Bertrand, d/b/a TNT Striping, filed on March 10,   2003, in Volume 2794, Page 315, Official Records of Taylor County.
    

 

The Lenders are fully insured tor all liens listed in iiems 5 - 102 above.

 

 

Schedule Ll(c)- Allocated Payoff Amount

 

See attached. 

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
land Area
    	
 
    	
 
    	
 
    	
Appraised
    	
 
    	
 
    	
 
    
	
Store#
    	
 
    	
Store Name
    	
 
    	
Address
    	
 
    	
City
    	
 
    	
Sttlfe
    	
 
    	
Bldg SF
    	
 
    	
(Acrest
    	
 
    	
Oate Opened
    	
 
    	
Value
    	
 
    	
Allocated Loan
    	
 
    
	
2
    	
 
    	
MONTGOMERYVILLE
    	
 
    	
901 N WALES RO
    	
 
    	
NWALES
    	
 
    	
PA
    	
 
    	
20,615
    	
 
    	
3.39
    	
 
    	
Sep-82
    	
 
    	
$
    	
4,441,203
    	
 
    	
$
    	
2.220,602
    	
 
    
	
10
    	
 
    	
SCRANTON
    	
 
    	
1113US-6
    	
 
    	
SCRANTON
    	
 
    	
PA
    	
 
    	
22,211
    	
 
    	
5.61
    	
 
    	
Oct-87
    	
 
    	
$
    	
3,000,000
    	
 
    	
$
    	
1,500,000
    	
 
    
	
32
    	
 
    	
41ST STREET
    	
 
    	
4101-19 MARKET ST
    	
 
    	
PHILADELPHIA
    	
 
    	
PA
    	
 
    	
17,083
    	
 
    	
0.98
    	
 
    	
Aug-69
    	
 
    	
$
    	
1,961,453
    	
 
    	
$
    	
980,727
    	
 
    
	
34
    	
 
    	
OXFORD VALLEY
    	
 
    	
101 LINCOLN HWY
    	
 
    	
FAIRLESS   HILLS
    	
 
    	
PA
    	
 
    	
17,441
    	
 
    	
2.25
    	
 
    	
Nov-73
    	
 
    	
$
    	
3,024,203
    	
 
    	
$
    	
1,512,102
    	
 
    
	
36
    	
 
    	
GREENSBORO
    	
 
    	
4320 HIGH POINT RD
    	
 
    	
GREENSBORO
    	
 
    	
NC
    	
 
    	
20,374
    	
 
    	
4.13
    	
 
    	
Feb-90
    	
 
    	
$
    	
2,300,000
    	
 
    	
$
    	
1,150,000
    	
 
    
	
50
    	
 
    	
TOMS RIVER
    	
 
    	
301 RTE 37 E
    	
 
    	
TOMS   RIVER
    	
 
    	
NJ
    	
 
    	
17,690
    	
 
    	
2.85
    	
 
    	
Nov-86
    	
 
    	
$
    	
3,405,703
    	
 
    	
$
    	
1,702,852
    	
 
    
	
54
    	
 
    	
HOI/JELL
    	
 
    	
4204 RTE 9 S
    	
 
    	
HOWELL
    	
 
    	
NJ
    	
 
    	
17,690
    	
 
    	
3.71
    	
 
    	
Oct-86
    	
 
    	
$
    	
3,700,000
    	
 
    	
$
    	
1,850,000
    	
 
    
	
61
    	
 
    	
STRATFORD/NJ
    	
 
    	
10 N WHITEHORSE PIKE
    	
 
    	
STRATFORD
    	
 
    	
NJ
    	
 
    	
18,429
    	
 
    	
1.53
    	
 
    	
Aug-71
    	
 
    	
$
    	
2,697,203
    	
 
    	
$
    	
1,348,602
    	
 
    
	
74
    	
 
    	
RANDALLSTOWN
    	
 
    	
8635 LIBERTY RD
    	
 
    	
RANDALLSTOWN
    	
 
    	
MD
    	
 
    	
13,227
    	
 
    	
1.38
    	
 
    	
Dec-73
    	
 
    	
$
    	
1,879,703
    	
 
    	
$
    	
939,852
    	
 
    
	
75
    	
 
    	
ROUTE 40
    	
 
    	
6515 BALTIMORE NATIONAL P
    	
 
    	
BALTIMORE
    	
 
    	
MD
    	
 
    	
19,950
    	
 
    	
3.01
    	
 
    	
Jan-86
    	
 
    	
$
    	
2,860,703
    	
 
    	
$
    	
1,430,352
    	
 
    
	
79
    	
 
    	
TOWSON
    	
 
    	
1739-41 E JOPPA RD
    	
 
    	
BALTIMORE
    	
 
    	
MD
    	
 
    	
8,160
    	
 
    	
0.79
    	
 
    	
May-65
    	
 
    	
$
    	
1,400,000
    	
 
    	
$
    	
700,000
    	
 
    
	
85
    	
 
    	
DENBIGH
    	
 
    	
13200 WARW1CK BLVD
    	
 
    	
NEWPORT   NEWS
    	
 
    	
VA
    	
 
    	
20,615
    	
 
    	
3.98
    	
 
    	
Dec-85
    	
 
    	
$
    	
2,650,000
    	
 
    	
$
    	
1,325,000
    	
 
    
	
90
    	
 
    	
WOODBRIDGE
    	
 
    	
1641 VV!GGLESWORTH WAY
    	
 
    	
WOODBRIDGE
    	
 
    	
VA
    	
 
    	
20,374
    	
 
    	
2.58
    	
 
    	
Oct-87
    	
 
    	
$
    	
4,500,000
    	
 
    	
$
    	
2,250,000
    	
 
    
	
91
    	
 
    	
PEtERSBURG
    	
 
    	
3120   S CRATER RD
    	
 
    	
PETERSBURG
    	
 
    	
VA
    	
 
    	
22.211
    	
 
    	
3.31
    	
 
    	
Oct-88
    	
 
    	
$
    	
2,899,766
    	
 
    	
$
    	
1,449.883
    	
 
    
	
98
    	
 
    	
ROCK HILL
    	
 
    	
2514 N CHERRY RD
    	
 
    	
ROCKHILL
    	
 
    	
SC
    	
 
    	
22,211
    	
 
    	
2.20
    	
 
    	
Jul-89
    	
 
    	
$
    	
3,170,000
    	
 
    	
$
    	
1,585,000
    	
 
    
	
100
    	
 
    	
VIRGINIA BEACH
    	
 
    	
1116 LYNNHAVEN P’tWIIY
    	
 
    	
VIRGINIA   BCH
    	
 
    	
VA
    	
 
    	
20,374
    	
 
    	
1.88
    	
 
    	
May-89
    	
 
    	
$
    	
3,335,766
    	
 
    	
$
    	
1,667,883
    	
 
    
	
102
    	
 
    	
NINE MII.E ROAD
    	
 
    	
4507 NINE MILE RD
    	
 
    	
RICHMOND
    	
 
    	
VA
    	
 
    	
20,615
    	
 
    	
3.89
    	
 
    	
Apr-88
    	
 
    	
$
    	
2,790,766
    	
 
    	
$
    	
1,395,383
    	
 
    
	
103
    	
 
    	
NORCROSS
    	
 
    	
5620 JIMMY CARTER BLVD
    	
 
    	
NORCROSS
    	
 
    	
GA
    	
 
    	
20,615
    	
 
    	
2.42
    	
 
    	
Feb-88
    	
 
    	
$
    	
3,383,521
    	
 
    	
$
    	
1,691.761
    	
 
    
	
108
    	
 
    	
SNELLVILLE
    	
 
    	
2207 E MAIN ST
    	
 
    	
SNELLVILLE
    	
 
    	
GA
    	
 
    	
22.211
    	
 
    	
1.81
    	
 
    	
Oct-88
    	
 
    	
$
    	
3,274,521
    	
 
    	
$
    	
1,637,261
    	
 
    
	
116
    	
 
    	
DOUGLASVILLE
    	
 
    	
3150 HIGHWAY 5
    	
 
    	
DOUGLASVILLE
    	
 
    	
GA
    	
 
    	
22,211
    	
 
    	
1.59
    	
 
    	
Nov-88
    	
 
    	
$
    	
3,165,521
    	
 
    	
$
    	
1.582.761
    	
 
    
	
117
    	
 
    	
GRETNA
    	
 
    	
1100 BEHRMAN HWY
    	
 
    	
GRETNA
    	
 
    	
LA
    	
 
    	
22,211
    	
 
    	
2.35
    	
 
    	
Mar-91
    	
 
    	
$
    	
2,451,000
    	
 
    	
$
    	
1,225,500
    	
 
    
	
134
    	
 
    	
BROAD RIVER ROAD
    	
 
    	
1804 BROAD RIVER RD
    	
 
    	
COLUMBIA
    	
 
    	
SC
    	
 
    	
22,211
    	
 
    	
4.19
    	
 
    	
Nov-90
    	
 
    	
$
    	
2,893,021
    	
 
    	
$
    	
1.446,511
    	
 
    
	
141
    	
 
    	
BOSSIER CITY
    	
 
    	
2941 E TEXAS AVE
    	
 
    	
BOSSIER   CITY
    	
 
    	
tA
    	
 
    	
21,771
    	
 
    	
4.26
    	
 
    	
Jan-94
    	
 
    	
$
    	
2,675,021
    	
 
    	
$
    	
1,337,511
    	
 
    
	
144
    	
 
    	
ANDORRA
    	
 
    	
9101-15 RIDGE AVE
    	
 
    	
PHILADELPHIA
    	
 
    	
PA
    	
 
    	
22,211
    	
 
    	
2.73
    	
 
    	
Oec-92
    	
 
    	
$
    	
4,086,953
    	
 
    	
$
    	
2.043.477
    	
 
    
	
146
    	
 
    	
OLD HICKORY
    	
 
    	
15001 OLD HICKORY BLVD
    	
 
    	
NASHVILLE
    	
 
    	
TN
    	
 
    	
22.211
    	
 
    	
2.23
    	
 
    	
Mar-91
    	
 
    	
$
    	
2,575,000
    	
 
    	
$
    	
1,287,500
    	
 
    
	
147
    	
 
    	
SUDELL
    	
 
    	
1421 GAUSE BIVD
    	
 
    	
SLIDELL
    	
 
    	
LA
    	
 
    	
22,211
    	
 
    	
2.37
    	
 
    	
Mar-91
    	
 
    	
$
    	
3,000,000
    	
 
    	
$
    	
1,500,000
    	
 
    
	
151
    	
 
    	
KINGSTON
    	
 
    	
106 MARKET PLACE BLVD
    	
 
    	
KNOXVILLE
    	
 
    	
TN
    	
 
    	
22.211
    	
 
    	
2.30
    	
 
    	
Oct-91
    	
 
    	
$
    	
3,165,521
    	
 
    	
$
    	
1,582,761
    	
 
    
	
152
    	
 
    	
DECKER
    	
 
    	
2455 DECKER BLVD
    	
 
    	
COLUMBIA
    	
 
    	
SC
    	
 
    	
22,211
    	
 
    	
2.49
    	
 
    	
Oec-91
    	
 
    	
$
    	
2,893,021
    	
 
    	
$
    	
1,446.511
    	
 
    
	
164
    	
 
    	
SHREVEPORT
    	
 
    	
8825 S JEWELLA AVE
    	
 
    	
SHREVEPORT
    	
 
    	
LA
    	
 
    	
20,374
    	
 
    	
2.83
    	
 
    	
Jan-92
    	
 
    	
$
    	
1,803,021
    	
 
    	
$
    	
901,511
    	
 
    
	
175
    	
 
    	
WIILOW GROVE
    	
 
    	
1509 EASTON RD
    	
 
    	
WILLOW   GROVE
    	
 
    	
PA
    	
 
    	
22.211
    	
 
    	
3.73
    	
 
    	
Jan-94
    	
 
    	
$
    	
4,495,703
    	
 
    	
$
    	
2,247,852
    	
 
    
	
184
    	
 
    	
GREENVILLE
    	
 
    	
2418LAURENS RD
    	
 
    	
GREENVILLE
    	
 
    	
SC
    	
 
    	
22,211
    	
 
    	
2.79
    	
 
    	
Jan-93
    	
 
    	
$
    	
3,002,021
    	
 
    	
$
    	
1,501,011
    	
 
    
	
185
    	
 
    	
AIRPORT HIGHWAYfAL
    	
 
    	
831 MONTUMAR DR
    	
 
    	
MOBILE
    	
 
    	
Al
    	
 
    	
22,211
    	
 
    	
2_79
    	
 
    	
Dec-92
    	
 
    	
$
    	
2,348,021
    	
 
    	
$
    	
1,174,011
    	
 
    
	
186
    	
 
    	
HAMPTON
    	
 
    	
2224 W MERCURY BLVD
    	
 
    	
HAMPTON
    	
 
    	
VA
    	
 
    	
22,211
    	
 
    	
3.25
    	
 
    	
Jan-93
    	
 
    	
$
    	
3,662,766
    	
 
    	
$
    	
1,831.383
    	
 
    
	
212
    	
 
    	
LAFAYETTE/LA
    	
 
    	
5639 JOHNSTON ST
    	
 
    	
LAFAYETTE
    	
 
    	
LA
    	
 
    	
22,211
    	
 
    	
2.00
    	
 
    	
Nov-93
    	
 
    	
$
    	
2,811,271
    	
 
    	
$
    	
1,405,636
    	
 
    
	
214
    	
 
    	
CLARKSVILLE
    	
 
    	
1317 TRIANGLE DR
    	
 
    	
CLARKSVILLE
    	
 
    	
IN
    	
 
    	
22,211
    	
 
    	
2.31
    	
 
    	
Oec-93
    	
 
    	
$
    	
2,424,703
    	
 
    	
$
    	
1,212.352
    	
 
    

 

 

	
236
    	
 
    	
HAMILTON ROAD
    	
 
    	
2830   S HAMILTON RO
    	
 
    	
COLUMBUS
    	
 
    	
OH
    	
 
    	
22,354
    	
 
    	
2.46
    	
 
    	
Apr-94
    	
 
    	
$
    	
2,150,000
    	
 
    	
$
    	
1,075,000
    	
 
    
	
259
    	
 
    	
FLORENCE   MALL
    	
 
    	
832   HEIGHTS BLVD
    	
 
    	
FLORENCE
    	
 
    	
KY
    	
 
    	
22,211
    	
 
    	
3.45
    	
 
    	
Oct-94
    	
 
    	
$
    	
2,784,021
    	
 
    	
$
    	
1,392,011
    	
 
    
	
277
    	
 
    	
WATERBURY
    	
 
    	
699   WOLCOTT ST
    	
 
    	
WATERBURY
    	
 
    	
CT
    	
 
    	
18,196
    	
 
    	
089
    	
 
    	
Oct-97
    	
 
    	
$
    	
2,751,703
    	
 
    	
$
    	
1.375,852
    	
 
    
	
337
    	
 
    	
WASHINGTON
    	
 
    	
7201   E WASHINGTON ST
    	
 
    	
INDfANA,POUS
    	
 
    	
IN
    	
 
    	
31.368
    	
 
    	
4.24
    	
 
    	
Jul-95
    	
 
    	
$
    	
2,600,000
    	
 
    	
$
    	
1,300,000
    	
 
    
	
372
    	
 
    	
CRANBERRY
    	
 
    	
20229   RT 19
    	
 
    	
CRANBERRY
    	
 
    	
PA
    	
 
    	
18,196
    	
 
    	
2.00
    	
 
    	
Apr-97
    	
 
    	
$
    	
2,969,703
    	
 
    	
$
    	
1.484,852
    	
 
    
	
375
    	
 
    	
MISHAWAKA
    	
 
    	
3415   GRAPE RD
    	
 
    	
MISHAWAKA
    	
 
    	
IN
    	
 
    	
21,723
    	
 
    	
2.24
    	
 
    	
Feb-97
    	
 
    	
$
    	
1,879,703
    	
 
    	
$
    	
939,852
    	
 
    
	
383
    	
 
    	
DULUTI1
    	
 
    	
4055   PLEASANT HILL RD
    	
 
    	
DULUTH
    	
 
    	
GA
    	
 
    	
18,196
    	
 
    	
2.50
    	
 
    	
Dec-96
    	
 
    	
$
    	
3,150,000
    	
 
    	
$
    	
1,575,000
    	
 
    
	
426
    	
 
    	
STERLING   HEIGHTS
    	
 
    	
39755   VANDYKE AVE
    	
 
    	
STERLING   HGTS
    	
 
    	
MI
    	
 
    	
22,073
    	
 
    	
2.24
    	
 
    	
Apr-97
    	
 
    	
$
    	
4,277,703
    	
 
    	
$
    	
2,138,852
    	
 
    
	
504
    	
 
    	
COON   RAPIDS
    	
 
    	
3325   124TH AV N.W.
    	
 
    	
COON   RAPIDS
    	
 
    	
MN
    	
 
    	
21.875
    	
 
    	
2.43
    	
 
    	
Jul-99
    	
 
    	
$
    	
3,514,703
    	
 
    	
$
    	
1,757,352
    	
 
    
	
551
    	
 
    	
SALISBURY
    	
 
    	
1628   N SALISBURY BIVD
    	
 
    	
SALISBURY
    	
 
    	
MD
    	
 
    	
18,196
    	
 
    	
2.24
    	
 
    	
Nov-97
    	
 
    	
$
    	
2,588,203
    	
 
    	
$
    	
1,294,102
    	
 
    
	
608
    	
 
    	
SAN   BERNARDINO
    	
 
    	
147SEST
    	
 
    	
SAN   BERNARDINO
    	
 
    	
CA
    	
 
    	
22,908
    	
 
    	
1.13
    	
 
    	
Apr-79
    	
 
    	
$
    	
1,770,703
    	
 
    	
$
    	
885,352
    	
 
    
	
611
    	
 
    	
LA   MIRADA
    	
 
    	
14207   ROSECRANS AVE
    	
 
    	
LA   MIRADA
    	
 
    	
CA
    	
 
    	
<9,122
    	
 
    	
2.09
    	
 
    	
Feb-80
    	
 
    	
$
    	
3,078,703
    	
 
    	
$
    	
1,539,352
    	
 
    
	
624
    	
 
    	
FRESNO
    	
 
    	
716   BROADWAY
    	
 
    	
FRESNO
    	
 
    	
CA
    	
 
    	
17,321
    	
 
    	
0.98
    	
 
    	
Jul-48
    	
 
    	
$
    	
1,400,000
    	
 
    	
$
    	
700,000
    	
 
    
	
626
    	
 
    	
ORACLE
    	
 
    	
3783   N ORACLE RD
    	
 
    	
TUCSON
    	
 
    	
1>-Z
    	
 
    	
22,960
    	
 
    	
1.77
    	
 
    	
Jul-86
    	
 
    	
$
    	
3,2.69,453
    	
 
    	
$
    	
1,634,727
    	
 
    
	
630
    	
 
    	
INGLEWOOD
    	
 
    	
200 E SPRUCE AVE
    	
 
    	
INGLEWOOD
    	
 
    	
CA
    	
 
    	
17,920
    	
 
    	
0.93
    	
 
    	
Mar-70
    	
 
    	
$
    	
2,293,903
    	
 
    	
$
    	
1,146,952
    	
 
    
	
645
    	
 
    	
TUCSON
    	
 
    	
1300   S 6TH AVE
    	
 
    	
TUCSON
    	
 
    	
A:Z.
    	
 
    	
22,390
    	
 
    	
2.02
    	
 
    	
Apr-84
    	
 
    	
$
    	
2,751,703
    	
 
    	
$
    	
1,375,852
    	
 
    
	
647
    	
 
    	
67TH   STREET
    	
 
    	
6714   EL CAJON BLVD
    	
 
    	
SAN   DIEGO
    	
 
    	
CA
    	
 
    	
15,200
    	
 
    	
0.80
    	
 
    	
Jun-82
    	
 
    	
$
    	
2,684,503
    	
 
    	
$
    	
1.332,252
    	
 
    
	
661
    	
 
    	
SPEEDWAY
    	
 
    	
4491   E SPEEDWAY BLVD
    	
 
    	
TUCSON
    	
 
    	
A:Z.
    	
 
    	
22,750
    	
 
    	
2.37
    	
 
    	
Mar-82
    	
 
    	
$
    	
3,350,000
    	
 
    	
$
    	
1,675,000
    	
 
    
	
674
    	
 
    	
YVMA
    	
 
    	
155   E 32NDST
    	
 
    	
YUMA
    	
 
    	
AZ
    	
 
    	
24,430
    	
 
    	
3.63
    	
 
    	
Feb-84
    	
 
    	
$
    	
2,915,203
    	
 
    	
$
    	
1,<157,602
    	
 
    
	
684
    	
 
    	
SCOTISDALE
    	
 
    	
2524   N SCOTTSDALE RD
    	
 
    	
SCOTTSDALE
    	
 
    	
AZ
    	
 
    	
19,110
    	
 
    	
1.55
    	
 
    	
Apr-84
    	
 
    	
$
    	
2,479,2.03
    	
 
    	
$
    	
1,239,602
    	
 
    
	
688
    	
 
    	
SAHARA
    	
 
    	
637   E SAHARA AVE
    	
 
    	
LAS   VEGAS
    	
 
    	
NV
    	
 
    	
20,736
    	
 
    	
1.72
    	
 
    	
Jun-88
    	
 
    	
$
    	
2,900,000
    	
 
    	
$
    	
1,450,000
    	
 
    
	
689
    	
 
    	
S!ERRA   VISTA
    	
 
    	
1255   E FRY BLVD
    	
 
    	
SIERRA   VISTA
    	
 
    	
1>-Z
    	
 
    	
11,842
    	
 
    	
0.94
    	
 
    	
Mar-85
    	
 
    	
$
    	
1,291,103
    	
 
    	
$
    	
645,552
    	
 
    
	
697
    	
 
    	
WEST   CENTRAL
    	
 
    	
4523   CENTRAL AVE N W
    	
 
    	
ALBUQUERQUE
    	
 
    	
NM
    	
 
    	
17,523
    	
 
    	
1.51
    	
 
    	
Jun-85
    	
 
    	
$
    	
2,100,000
    	
 
    	
$
    	
1,050,000
    	
 
    
	
698
    	
 
    	
YARBROUGH
    	
 
    	
10501   GATEWAY WEST 11
    	
 
    	
ELPASO
    	
 
    	
TX
    	
 
    	
20,400
    	
 
    	
1.77
    	
 
    	
Jun-85
    	
 
    	
$
    	
1,552,703
    	
 
    	
$
    	
776,352
    	
 
    
	
713
    	
 
    	
WALZEM
    	
 
    	
5616WALZEM
    	
 
    	
SAN   ANTONIO
    	
 
    	
TX
    	
 
    	
22,362
    	
 
    	
3.14
    	
 
    	
Apr-88
    	
 
    	
$
    	
1,743,453
    	
 
    	
$
    	
871,727
    	
 
    
	
716
    	
 
    	
CAMP   WISDOM
    	
 
    	
4010   W CAMP WISDOM RD
    	
 
    	
DALLAS
    	
 
    	
TX
    	
 
    	
21,521
    	
 
    	
1.33
    	
 
    	
Nov-86
    	
 
    	
$
    	
2,097,703
    	
 
    	
$
    	
1,048,852
    	
 
    
	
717
    	
 
    	
MESQUITE
    	
 
    	
2317   N GALLOWAY BLVD
    	
 
    	
MESQUITE
    	
 
    	
TX
    	
 
    	
20,843
    	
 
    	
1.39
    	
 
    	
Nov-86
    	
 
    	
$
    	
1,879,703
    	
 
    	
$
    	
939,852
    	
 
    
	
721
    	
 
    	
CARROLLTON
    	
 
    	
1455   WTRIN_ITY MIILS RD
    	
 
    	
CARROLLTON
    	
 
    	
TX
    	
 
    	
20,984
    	
 
    	
1.42
    	
 
    	
Fet>-87
    	
 
    	
$
    	
2,206,703
    	
 
    	
$
    	
1,103,352
    	
 
    
	
725
    	
 
    	
ARLINGTON
    	
 
    	
1212   N COLLINS ST
    	
 
    	
ARLINGTON
    	
 
    	
TX
    	
 
    	
21,193
    	
 
    	
1.75
    	
 
    	
Aug-87
    	
 
    	
$
    	
2,533,703
    	
 
    	
$
    	
1,266,852
    	
 
    
	
725
    	
 
    	
BUCKNER
    	
 
    	
1710   BUCKNER BLVD S
    	
 
    	
DALLAS
    	
 
    	
TX
    	
 
    	
21,193
    	
 
    	
1.19
    	
 
    	
Jan-91
    	
 
    	
$
    	
1,661,703
    	
 
    	
$
    	
e30,852
    	
 
    
	
730
    	
 
    	
MONTCLAIR
    	
 
    	
51SO   ARROW H’NY
    	
 
    	
MONTCLAIR
    	
 
    	
CA
    	
 
    	
20,400
    	
 
    	
2.16
    	
 
    	
Oec-87
    	
 
    	
$
    	
2,260,000
    	
 
    	
$
    	
1.130,000
    	
 
    
	
734
    	
 
    	
SAN   PEDRO
    	
 
    	
6200   SAN PEDRO AVE
    	
 
    	
SAN   ANTONIO
    	
 
    	
TX
    	
 
    	
22,362
    	
 
    	
1.86
    	
 
    	
Feb-88
    	
 
    	
$
    	
2,315,703
    	
 
    	
$
    	
1,157,852
    	
 
    
	
737
    	
 
    	
MARBACH
    	
 
    	
8103   MARBACH RD
    	
 
    	
SAN   ANTONIO
    	
 
    	
TX
    	
 
    	
22.362
    	
 
    	
1,99
    	
 
    	
Feb-88
    	
 
    	
$
    	
1,750,000
    	
 
    	
$
    	
875,000
    	
 
    
	
743
    	
 
    	
NILESICA
    	
 
    	
4014   E NILES ST
    	
 
    	
BAKERSFIELD
    	
 
    	
CA
    	
 
    	
20.528
    	
 
    	
1.35
    	
 
    	
Apr-88
    	
 
    	
$
    	
1,716,203
    	
 
    	
$
    	
858,102
    	
 
    
	
751
    	
 
    	
SEMfNARY
    	
 
    	
101   W SEMINARY
    	
 
    	
FORT   WORTH
    	
 
    	
TX
    	
 
    	
22,229
    	
 
    	
1.77
    	
 
    	
Jan-89
    	
 
    	
$
    	
1,661,703
    	
 
    	
$
    	
830.852
    	
 
    
	
754
    	
 
    	
SOUTH   WALKER
    	
 
    	
7600   S WALKER ST
    	
 
    	
OKLAHOMA   CITY
    	
 
    	
OK
    	
 
    	
22,362
    	
 
    	
1.02
    	
 
    	
Feb-89
    	
 
    	
$
    	
2,424,703
    	
 
    	
$
    	
1,212,352
    	
 
    
	
756
    	
 
    	
NORTHWEST   HIGHWAY
    	
 
    	
7401   NW EXPRESSWAY
    	
 
    	
OKLAHOMA   CITY
    	
 
    	
OK
    	
 
    	
22,491
    	
 
    	
2.21
    	
 
    	
Feb-89
    	
 
    	
$
    	
2,860,703
    	
 
    	
$
    	
1,430,352
    	
 
    

 

 

	
758
    	
 
    	
GRAND   PRAIRIE
    	
 
    	
424   ESTATE HWY 303
    	
 
    	
GRAND   PRAIRIE
    	
 
    	
TX
    	
 
    	
22,700
    	
 
    	
1.82
    	
 
    	
Sep-88
    	
 
    	
$
    	
4,315,703
    	
 
    	
$
    	
1.157,852
    	
 
    
	
760
    	
 
    	
HARLINGEN
    	
 
    	
2321   W EXPRESSWAY 83
    	
 
    	
HARLINGEN
    	
 
    	
TX
    	
 
    	
22,491
    	
 
    	
1.62
    	
 
    	
Mar-89
    	
 
    	
$
    	
1,552,703
    	
 
    	
$
    	
776,352
    	
 
    
	
764
    	
 
    	
QUAIL   SPRINGS
    	
 
    	
2317   W MEMORIAL RD
    	
 
    	
OKLAHOMA   CITY
    	
 
    	
OK
    	
 
    	
22,491
    	
 
    	
1.71
    	
 
    	
Mar-89
    	
 
    	
$
    	
2,800,000
    	
 
    	
$
    	
1,400,000
    	
 
    
	
769
    	
 
    	
KOL8
    	
 
    	
7227   E 22ND ST
    	
 
    	
TUCSON
    	
 
    	
AZ
    	
 
    	
22,200
    	
 
    	
1.66
    	
 
    	
Juo-89
    	
 
    	
$
    	
3,187,703
    	
 
    	
$
    	
1,593,852
    	
 
    
	
779
    	
 
    	
63RD &   BELL
    	
 
    	
6311   W BELL RD
    	
 
    	
GLENDALE
    	
 
    	
AZ
    	
 
    	
22,298
    	
 
    	
1.95
    	
 
    	
Juf-90
    	
 
    	
$
    	
3,187,703
    	
 
    	
$
    	
1,593,852
    	
 
    
	
781
    	
 
    	
DENTON
    	
 
    	
1605   DALLAS OR
    	
 
    	
DENTON
    	
 
    	
TX
    	
 
    	
20,374
    	
 
    	
1.73
    	
 
    	
Jan-92
    	
 
    	
$
    	
2,275,000
    	
 
    	
$
    	
1,137,500
    	
 
    
	
788
    	
 
    	
ABILENE
    	
 
    	
2473   S DANVILLE ST
    	
 
    	
ASILENE
    	
 
    	
TX
    	
 
    	
22,200
    	
 
    	
!.95
    	
 
    	
Jun-90
    	
 
    	
$
    	
2,206,703
    	
 
    	
$
    	
1,103,352
    	
 
    
	
791
    	
 
    	
MEMORIAL
    	
 
    	
6714   S MEMORIAL DR
    	
 
    	
TULSA
    	
 
    	
OK
    	
 
    	
20,374
    	
 
    	
1.91
    	
 
    	
Jan-91
    	
 
    	
$
    	
2,533,703
    	
 
    	
$
    	
1,266,852
    	
 
    
	
818
    	
 
    	
NAPERVILLE
    	
 
    	
2936   W OGDEN AVE
    	
 
    	
NAPERVILLE
    	
 
    	
IL
    	
 
    	
20.374
    	
 
    	
2.51
    	
 
    	
Jun-94
    	
 
    	
$
    	
4,168,703
    	
 
    	
$
    	
2,0!14,352
    	
 
    
	
824
    	
 
    	
KELLOGG   EAST
    	
 
    	
9045   E KELLOGG
    	
 
    	
WICHITA
    	
 
    	
KS
    	
 
    	
22,211
    	
 
    	
2.85
    	
 
    	
Jan-94
    	
 
    	
$
    	
3,024,203
    	
 
    	
$
    	
1,512.102
    	
 
    
	
856
    	
 
    	
ELSTON
    	
 
    	
2604   N ELSTON AVE
    	
 
    	
CHICAGO
    	
 
    	
IL
    	
 
    	
21,536
    	
 
    	
1.83
    	
 
    	
Aog-95
    	
 
    	
$
    	
6,850,000
    	
 
    	
$
    	
2,925,000
    	
 
    
	
923
    	
 
    	
S.PONCE
    	
 
    	
CARR#2   KM 26 2
    	
 
    	
PONCE   BYPASS
    	
 
    	
PR
    	
 
    	
19,300
    	
 
    	
1.83
    	
 
    	
Oct-97
    	
 
    	
$
    	
3,732,703
    	
 
    	
$
    	
1,866,352
    	
 
    
	
924
    	
 
    	
GUAYAMA
    	
 
    	
CARR#54KM   0 90ESVIO DEL S
    	
 
    	
GUAYAMA
    	
 
    	
PR
    	
 
    	
19,300
    	
 
    	
0.60
    	
 
    	
Jan-98
    	
 
    	
$
    	
3,732,703
    	
 
    	
$
    	
1,866,352
    	
 
    
	
926
    	
 
    	
ALTAMlRA
    	
 
    	
RT   17 PINERO RD 20
    	
 
    	
GUAYNABO
    	
 
    	
PR
    	
 
    	
19,300
    	
 
    	
1.00
    	
 
    	
Sep-97
    	
 
    	
$
    	
3,841,703
    	
 
    	
$
    	
1,920,852
    	
 
    
	
928
    	
 
    	
SANTURCE
    	
 
    	
AVE   MARGINAL BALDORIOTY O
    	
 
    	
SANTURCE
    	
 
    	
PR
    	
 
    	
8,465
    	
 
    	
0.57
    	
 
    	
Nov-97
    	
 
    	
$
    	
1,879,703
    	
 
    	
$
    	
939,852
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
87   Properties
    	
 
    	
Total
    	
 
    	
1,790,639
    	
 
    	
192.97
    	
 
    	
 
    	
 
    	
$
    	
240,010,913
    	
 
    	
$
    	
120.005,457
    	
 
    

 

 

 

 

 

 

 

 

 

 

Schedule 2.l(d)

 

(FORM OFl

TERM LOAN NOTE

 

[Date]

 

FOR VALUE RECEIVED, the undersigned, THE PEP BOYS — MANNY, MOE & JACK, a Pennsylvania corporation (the “Borrower”), hereby unconditionally promises to pay, on the Maturity Date (as defined in the Credit Agreement referred to below), to the order of            (the “Lender’’) at the office of Wachovia Bank, National Association, located at 201 South College Street, NC0680/CP8, Charlotte, North Carolina 28288-0680, in lawful money of the United States of America and in immediately available funds, the aggregate unpaid principal amount of the Term Loan made by the Lender to the undersigned pursuant to Section 2.1 of the Credit Agreement referred to below. The undersigned further agrees to pay interest in like money at such office on the unpaid principal amount hereof and, to the extent permitted by law, accrued interest in respect hereof from time to time from the date hereof until payment in full of the principal ammmt hereof and accrued interest hereon, at the rates and on the dates set forth in the Credit Agreement.

 

The holder of this Term Note is authorized to endorse the date and amount of each payment of principal and interest with respect to the Term Loan evidenced by this Term Note and the portion thereof that constitutes a LIBOR Rate Loan or an Alternate Base Rate Loan on Schedule 1 annexed hereto and made a part hereof, or on a continuation thereof which shall be attached hereto and made a part hereof, which endorsement shall constitute prima facie evidence of the accuracy of the infonnation endorsed (absent etTOr); provided, however, that the failure to make any such endorsement shall not affect the obligations of the undersigned under this Term Note.

 

This Note is one of the Term Notes referred to in the Amended and Restated Credit Agreement, dated as of October (_j, 2006 (as amended, restated, amended and restated or otherwise modified, the “Credit Agreement”), by and among the Borrower, the Domestic Subsidiaries of the Borrower from time to time party thereto, the Lenders from time to time party thereto, and Wachovia Bank, National Association, as administrative agent for the Lenders (the “Administrative Agent”), and the holder is entitled to the benefits thereof. Capitalized terrns used but not otherwise defined herein shall have the meanings provided in the Credit Agreement.

 

[This Term Note is in substitution for and replacement of that certain Term Note, dated as of [January 27, 2006], made by the Borrower and payable to the order of the Lender.]

 

Upon the occurrence and during the continuance of any one or more of the Events of Default specified in the Credit Agreement, all amounts then remaining unpaid on this Term Note shall become, or may be declared to be, immediately due and payable, all as provided therein. In the event this Term Note is not paid \.vhen due at any stated or accelerated maturity, the Borrower

 

 

agrees to pay, in addition to principal and interest, all costs of collection, including reasonable attorneys’ fees.

 

All parties now and hereafter liable with respect to this Tenn Note, whether maker, principal, surety, endorser or otherwise, hereby waive presentment, demand, protest and all other notices of any kind.

 

THIS TERM LOAN NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW).

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK)

 

 

	
 
    	
THE   PEP BOYS- MANNY, MOE & JACK,
   a Pennsylvania corporation
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
Name:
    	
 
    
	
 
    	
Title:
    	
 
    
				

 

 

SCHEDULE 1
 to

Term Note

 

LOANS AND PAYMENTS OF PRINClPAL

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Principal
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Amount
    	
 
    	
Type
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Paid
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
of
    	
 
    	
of
    	
 
    	
Interest
    	
 
    	
Interest
    	
 
    	
Maturity
    	
 
    	
or
    	
 
    	
Principal
    	
 
    	
Notation
    	
 
    
	
Loan
    	
 
    	
Loan (1)
    	
 
    	
Rate
    	
 
    	
Period
    	
 
    	
Date
    	
 
    	
Converted
    	
 
    	
Balance
    	
 
    	
Made By
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    

 

The type of Loan may be represented by “L” for LlBOR Rate Loans or ‘‘ABR” for Alternate Base Rate Loans.

 

 

Schedule 2.6

 

[FORM OF]

NOTICE OF CONVERSION/EXTENSION

 

[Date]

 

Wachovia Bank, National Association,

as Administrative Agent

201 South College Street

NC0680/CP8

Charlotte, North Carolina 28288-0680

Attn: Syndication Agency Services

 

Ladies and Gentlemen:

 

Pursuant to Section 2.6 of the Amended and Restated Credit Agreement, dated as of October [      ], 2006 (as amended, restated, amended and restated or otherwise modified, the “Credit Agreement”), by and among The Pep Boys - Manny, Moe & Jack, a Pennsylvania corporation (the “Borrower”), the Domestic Subsidiaries of the Borrower from time to time party thereto, the Lenders from time to time party thereto, and Wachovia Bank, National Association, as administrative agent for the Lenders (the “Administrative Agent”), the Borrower hereby        requests conversion or        extension of the following Loans be made as follows (the ‘‘Proposed Conversion/Extension”):

 

	
Applicable
   Loan
    	
 
    	
Current
   Interest
   Rate and
   Interest
   Period
    	
 
    	
Date
    	
 
    	
Amount to
   be
   Converted/
   Extended
    	
 
    	
Requested
   Interest
   Rate
   (Alternate Base
   Rate/LIBOR
   Rate)
    	
 
    	
Requested Interest
   Period
   (one, two, three or six
   months
   - for LIBOR Rate only)
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    

 

NOTE:    PARTIAL CONVERSIONS MUST BE IN AN AGGREGATE PRINCIPAL AMOUNT OF $5,000,000 OR A WHOLE MULTIPLE OF $1,000,000 IN EXCESS THEROF.

 

Terms defined in the Credit Agreement shall have the same meanings when used herein.

 

The undersigned hereby certifies that no Default or Event of Default has occurred and is (continuing or would result from such Proposed Conversion/Extension or from the application of) the proceeds thereof.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

 

	
 
    	
Very   truly yours,
    
	
 
    	
 
    
	
 
    	
THE   PEP BOYS -MANNY, MOE & JACK,
   a Pennsylvania corporation
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
Name:
    	
 
    
	
 
    	
Title:
    	
 
    

 

 

Schedule 3.3- Credit Party Jurisdictions

 

Each Credit Party is organized in the following states:

 

	
Credit Partx
    	
 
    	
Jurisdiction of
   Organization
    
	
Pep Boys
    	
 
    	
Pennsylvania
    
	
PBY-California
    	
 
    	
California
    
	
PBY-Delaware
    	
 
    	
Delaware
    
	
PBY-Puerto Rico
    	
 
    	
Delaware
    
	
Carrus
    	
 
    	
Delaware
    
	
PBY
    	
 
    	
Delaware
    

 

Each Credit Party is qualified to do business in the following states:

 

	
Credit Party
    	
 
    	
Jurisdiction
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Pep Boys
    	
 
    	
AL, AR, DE, FL, GA, IN, KY, LA, MD, NC, SC, TN & VA
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
PBY-California
    	
 
    	
AZ, IL, KS, ME, MN, NV, NH, NM, OR, TX & LIT
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
PBY-Dclaware
    	
 
    	
CO, CT, DC, MA, MI, MO, NJ, NY, OH, OK, RJ, TX & WA
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
PBY-Puerto Rico
    	
 
    	
PR
    	
 
    

 

 

Schedule 3.5- Violations; Defaults

 

None.

 

 

Schedule 3.12- Subsidiaries

 

I. Wholly-owned subsidiaries of Pep Boys:

 

·    PBY-DE

·    PBY-PR

·    PBY

·    Carrus

·    Colchester

 

2. Wholly-owned subsidiaries ofPBY:

 

PBY-CA

 

3. Wholly-owned subsidiaries of Colchester:

 

The Pep Boys, LLC

 

 

Schedule 3.19(a) - Mortgaged Properties

 

See Schedule l.l(c).

 

 

Schedule 3.19(b) Credit Parties’ Chief Executive Offices

 

1.        Pep Boys

PBY-DE

PBY-CA

PBY-PR

Carrus:

 

3111 West Allegheny Avenue

Philadelphia, PA 19132

 

2.        PBY:

 

11 05 North Market Street

Wilmington, Delaware 19801

 

3.        Colchester:

 

Seven Burlington Square, 6th Floor

Burlington, Vermont 05402

 

 

Schedule 3.22 - Labor Matters

 

None.

 

 

Schedule 3.24- Material Contracts

 

1.  Merchandise Vendor Agreements

 

·                  Vendor Agreement, dated November 1, 1995, between the Borrower and Cooper Tire & Rubber Company, as amended by the Amendment to Vendor Agreement dated November 20,2001.

 

·                  Supply Agreement- Johnson Controls Batteries, dated as of April 1, 1995, between the Borrower and Johnson Controls Battery Group, Inc.

 

·                  Merchandise Vendor Agreement between the Borrower and Wen Products -Great Lakes Tool Mfg.

 

·                  Merchandise Vendor Agreement between the Borrower and Hankook Tire America Corp.

 

·                  Vendor Agreement #PBY 28 dated November 28, 2005 between the Borrower and Baja Motorsports, LLC and related Addendums

 

·                  Vendor Agreement #PBY 273 dated December 23,2005 between the Borrower and Sopus Pennzoil Oil and related Addendums

 

·                  Vendor Agreement #PBY 233 dated January 3, 2006 between the Borrower and Castro! Inc. and related Addendums

 

2.               Amended and Restated Private Label Consumer Credit Card Program Agreement, dated as ofNovember 14, 2005 among the Borrower, The Pep Boys- Manny, Moe & Jack of California, The Pep Boys- Manny, Moe & Jack of Delaware, Inc., The Pep Boys- Manny, Moe & Jack of Puerto Rico, Inc. and GE Money Bank.

 

3.               IBM Customer Agreement, dated October 11, 1999, between the Borrower and International Business Machines Corporation, as amended by the Amendment to the IBM Customer Agreement dated November I 0, 1999.

 

4.               Term Lease Master Agreement, dated October 27, 1999, between the Borrower and IBM Credit Corporation, as amended by the Addendum to Term Lease Master Agreement dated October 27, 1999.

 

5.               Any and all documents evidencing the Indebtedness and Synthetic Leases set forth on Schedule 6.1(b).

 

 

Schedule 3.25- Insurance

 

1. Pollution & Remediation Legal Liability Insurance Policy (Policy # PECOO19972) issued by Indian Harbor Insurance Company, with a tenn from January 27, 2006 through January 27, 2011.

 

2. See attached schedule.

 

	
  

  	
  PEPBOYS AUTO
  Executive Risk Program Directors’ and Officers’ Liability Insurance 7/1/06 to
  7/1/2007 Aggregate Limit: $50 million Fiduciary Liability 7/1/06 to 7/1/2007
  Crime Insurance 10/14/05 to 10/14/06 Employment Practices Liability Insurance
  10/14/05 to 10/14/2006 $50MM Chubb $10mm xs $40mm Aggregate Limit: $20
  million Per Occurrence Limit: $10 million Aggregate Limit: $40 million $40MM
  St. Paul $40MM XL Bermuda $40mm $10mm xs $30MM $30mm Chubb $0 $2.5 million
  retention $15mm xs $15mm $20MM St.Paul Lloyds of London 19.05% Catlin, 4.29%
  Harrington 19.05% ACE, 9.52% Hiscox 23.8% AIG Europe (UK) Ltd 14.2% Brit
  $10mm xs $10mm $10MM $15mm AIG $10mm $15MM $0 Chubb $10mm $0 $0 $1,000,000
  retention per loss (indemnifiable claims) $0 (non-indemnifiable claims) $50,000
  retention per loss (indemnifiable claims) $0 (non-indemnifiable claims)
  $200,000 deductible 

  

 

 

	
  

  	
  [LOGO]  Casualty Program Policy Period : June 30,
  2006 to June 30, 2007 $100M Chubb / Federal Insurance Company Policy Number:
  7913 09 75 Limits of Liability: $25,000,000 Each Occurrence $25,000,000
  Prods-Comp Operations Aggregate $25,000,000 Other Aggregate (where
  applicable) Occurrence Form Excess Liability Policy Form #07-02-1344 (12/97)
  $75M Liberty Insurance Company Policy Number:[ILLEGIBLE] Limits of Liability:
  $25,000,000 Each Occurrence $25,000,000 Aggregate (where applicable)
  Occurrence Form Excess Liability Policy Form [ILLEGIBLE] $50M Great American
  Assurance Company Policy Number: EXC4718578-1 Limits of Insurance:
  $25,000,000 Each Accident or Occurrence and in the Aggregate Occurrence Form
  Excess Insurance Policy Form #GAJ6524(06/97) $25M ACE American Insurance
  Company Policy Number: X00 023574548 Limits of Insurance: $25,000,000 Each
  Occurrence $25,000,000 Aggregate $500,000 Self Insured Retention Occurrence
  Form Commercial Umbrella Liability Policy Form #[ILLEGIBLE]  $2M $1M $250K ACE USA / ACE American
  $250,000 SJR ACE USA / ACE American $250,000 Deductible $1,000,000 Deductible
  Zurich American Insurance Company Policy Period: January 1, 2006 to January
  1, 2007 GL AL [ILLEGIBLE] General Agg. [ILLEGIBLE] $4,000,000 Liability - CSL
  [ILLEGIBLE] $2,000,000 Coverage A-WC Statutory Prods-Comp Ops. $4,000,000 PIP
  Reject/Minimum Coverage B-EL Personal & Adv. Injury $1,750,000 Auto
  Medical Pay Nil Bodily Injury by Acc. $1M Each Accident Each Occ Limit
  $1,750,000 Uninsured Motorists Reject/Minimum Bodily Injury by Disease $1M
  Policy Limit [ILLEGIBLE] $1,750,000 [ILLEGIBLE] Motorists Reject/Minimum
  Bodily Injury by Disease $1M Each Employee Medical Expense Nil Deductible
  $250,000 Deductible $1,000,000 ALAE is included in the SIR / Outside the
  Limit of Liability, SIR is $250,000 ALAE is included in the Deductible /
  Outside the Limit of Liability ALAE is included in the Deductible / Outside
  the Limit of Liability Note: The following coverage is also provided (not
  scheduled to the Umbrella Excess Liability policy) Off Shore [ILLEGIBLE]
  Damages Wrap Around Policies ACE Bermuda-Limits: $25M & Magna Carts
  [ILLEGIBLE] Limits: $25M 

  

 

 

	
  

  	
  [LOGO] $ [ILLEGIBLE] $50 MM Cal EQ in program, $10MM add/[ILLEGIBLE] DIC Policy Period
  3/1/06 - [ILLEGIBLE]/1/07 $100 Mn Arch 19.53% [ILLEGIBLE] RE 5.00%
  [ILLEGIBLE] 20.00% RSUI 10.00% [ILLEGIBLE] 13.33% Commonwealth 7.69% Swiss Re
  10.00% Global Excess Partners 2.78% [ILLEGIBLE] $25 Mn AWAC 20% Axis 16.67%
  Lexington 12.22% Max RE 26.67% $10 Mn AWAC 20% Lexington $2.5 MM deductible
  for [ILLEGIBLE] in DCs  $250,000
  deductible [ILLEGIBLE] Cat Ded DEDUCTIBLES Note [ILLEGIBLE] deductible apply
  to stock in DCs’ via Stock Through [ILLEGIBLE] program 

  

 

 

 

Schedule 3.27- Classification of Senior Indebtedness

 

None.

 

 

Schedule 3.31(b) – Leases

 

	
Store #
    	
 
    	
Store Name
    	
 
    	
Store Address
    	
 
    	
Tenant Name
    
	
0009
    	
 
    	
Hunting   Park
    	
 
    	
1050   E Hunting Park Avenue

Philadelphia,   PA 19124
    	
 
    	
Hong   Thach
    
	
0009
    	
 
    	
Hunting   Park
    	
 
    	
1050   E Hunting Park Avenue

Philadelphia,   PA 19124
    	
 
    	
Li   Duan Ren
    
	
0009
    	
 
    	
Hunting   Park
    	
 
    	
1050   E Hunting Park Avenue

Philadelphia,   PA 19124
    	
 
    	
Rent-A-Center
    
	
0009
    	
 
    	
Hunting   Park
    	
 
    	
1050   E Hunting Park Avenue

Philadelphia,   PA 19124
    	
 
    	
Mag   1020, Inc.
    
	
0059
    	
 
    	
Cherry   Hill
    	
 
    	
316   Haddonfield Road

Cherry   Hill NJ, 08002
    	
 
    	
J&L   Pets, LLC
    
	
0171
    	
 
    	
East   Brunswick
    	
 
    	
538   Route 18

East   Brunswick NJ, 08816
    	
 
    	
Vacant
    
	
0213
    	
 
    	
Pleasant   Hills
    	
 
    	
320-330   Clairton Blvd., Route 51

Pleasant   Hills PA, 15236
    	
 
    	
Allcare   Dental Management, Inc
    
	
0213
    	
 
    	
Pleasant   Hills
    	
 
    	
320-330   Clairton Blvd., Route 51

Pleasant   Hills PA, 15236
    	
 
    	
Mattress   World, Inc
    
	
0636
    	
 
    	
Downey
    	
 
    	
10227   Lakewood Blvd

Downey   CA,90241
    	
 
    	
McDonald’s   Corporation
    
	
0636
    	
 
    	
Downey
    	
 
    	
10227   Lakewood Blvd

Downey   CA,90241
    	
 
    	
Farr’s   Stationary, Inc.
    
	
0636
    	
 
    	
Downey
    	
 
    	
10227   Lakewood Blvd

Downey   CA,90241
    	
 
    	
Jason   and Judy Cheng, Husband and Wife 99 Cents Mart III
    
	
0652
    	
 
    	
Atlantic
    	
 
    	
256   South Atlantic Boulevard

Los   Angeles, CA 90022
    	
 
    	
Tony’s   Shoe Repair
    
	
0668
    	
 
    	
Clovis
    	
 
    	
693   West Shaw Avenue

Clovis   CA,93612
    	
 
    	
Caffe   e Via, LLC
    
	
0670
    	
 
    	
Decatur
    	
 
    	
506   South Decatur

Las   Vegas NV, 89107
    	
 
    	
Luxottica   Retail
    
	
0775
    	
 
    	
Laredo
    	
 
    	
NW   Ortiz Street and W San Francisco Avenue

Laredo   TX, 16830
    	
 
    	
United   Equipment Rental Gulf, LP
    
	
0824
    	
 
    	
Kellogg   East
    	
 
    	
9045   E. Kellogg, Wichita, KS 67207
    	
 
    	
Clear   Channel
    

 

 

Schedule 3.31(e)

 

I. 0656   Visalia, CA.  The proposed partial fee taking comprises 149 SF on the corner of Highway 63 and Sunny Side Avenue.

 

2. 0659   T mpe, AZ.  This is a partial taking of a strip along Apache Boulevard that turns the comer onto McClintock Drive.  The taking comprises 2,935 SF fee taking, 162 slope easement and a I ,614 SF temporary construction easement.

 

 

Schedule 4.1 (b)

 

[FORM OF) SECRETARY’S
 CERTIFICATE

 

[CREDIT  PARTY)

 

[Date]

 

Pursuant to Section 4.1 (b) of the Amended and Restated Credit Agreement, dated as of October [   ], 2006 (as amended,  restated, amended  and restated, or otherwise  modified, the “Credit Agreement”; capitalized  terms used herein  and  not defined shall  have the meanings provided  in the Credit Agreement),  by and among The  Pep Boys - Manny,  Moe & Jack, a Pennsylvania corporation (the “Borrower”), the Domestic Subsidiaries of the Borrower from time to time party thereto, the Lenders from time to time party thereto, and Wachovia Bank, National Association,   as  administrative   agent  for  the   Lenders  (the  “Administrative   Agent”),  the undersigned                of[CREDIT PARTY} (the ‘‘Companv”) hereby certifies as follows:

 

1.        [Attached hereto as Exhibit A is a true and complete copy of the (articles of incorporation)  [certificate of formation)(certificate of limited partnership) of the Company and all amendments thereto as in effect on the date hereof.] [The [articles  of incorporation] {certificate  of  formation]   (certificate  of  limited  partnership)   of  the  Company  and  the (bylaws)  (operating  agreement)   (partnership  agreement)   of  the  Company,  which  were delivered to the Administrative Agent in connection with the closing of the Existing Credit Agreement, have not been rescinded or modified, have been in full force and effect since the closing date of the Existing Credit Agreement and are in full force and effect as of the Closing Date.]

 

l2.       Attached  hereto  as  Exhibit  B  is  a  true  and  complete  copy  of  the  (bylaws) (operating agreement]  [partnership agreement)  of the Company and all amendments thereto as in effect on the date hereof.l

 

3.        Attached  hereto as Exhibit C  is a tme  and complete  copy of  resolutions duly adopted by the board of directors of the Company on                    .  Such resolutions have not in any way been rescinded or modified and have been in full force and effect since their adoption  to and  including  the  date  hereof  and  are  now  in  full  force  and  effect,  and  such resolutions  are the only  corporate  proceedings  of  the Company  now  in  force  relating  to or affecting the matters referred to therein.

 

4.        Attached  hereto as Exhibit D is a true and complete copy of the certificates of good standing, existence or its equivalent of the Company.

 

5.        The following persons are the duly elected and qualitied officers of the Company, holding the oftices indicated next to the names below on the date hereof, and the signatures appearing  opposite the names of the officers below are their true and genuine signatures,  and

 

 

each of such officers is duly authorized to execute and deliver on behalf of the Company, the Credit Agreement, the Notes and the other Credit Documents to be issued pursuant thereto:

 

	
 
    	
 
    	
Signature
    

 

(REMAINDER OF PAGE INTENTIONALLY LEFT BLANK}

 

 

IN WITNESS WHEREOF, I hereunder subscribe my name effective as of the day and year first above w-ritten.

 

	
 
    	
 
    
	
 
    	
Name:
    	
 
    
	
 
    	
Title:
    	
 
    
	
 
    	
 
    

 

I,           , the                     of the Company, hereby certify that        is the duly elected and qualified                 of the Company and that his/her true and genuine signature is set forth above.

 

	
 
    	
 
    
	
 
    	
Name:
    	
 
    
	
 
    	
Title:
    	
 
    

 

 

Schedule 4.l(g)

 

[FORM OF] SOLVENCY
 CERTIFICATE

 

[Date]

 

The  undersigned chief  financial officer of  The  Pep  Boys  -  Manny,  Moe  &  Jack,  a Pennsylvania  corporation  (the “Borrower”), is familiar with the properties,  businesses,  assets and liabilities  of the Credit  Parties and is duly authorized  to execute  this certificate  on behalf of the Borrower.

 

Reference  is made to that Amended and Restated Credit Agreement,  dated as of October (   ),  2006  (as  amended,  restated,  amended  and  restated,  or  otherwise  modified,  the “Credit Agreement”), by and among the Borrower,  the Domestic Subsidiaries of the Borrower from time to time party thereto, the Lenders  from time to time party thereto, and Wachovia  Bank, National Association,   as  administrative  agent   for  the   Lenders   (the  “Administrative  Agent”).      All capitalized  terms used herein and not defined shall have the meanings  provided in the Credit Agreement.

 

The undersigned  certifies  that he/she has made such investigation  and inquiries as to the financial  condition  of the Credit Parties as the undersigned  deems  necessary  and prudent  tor the purpose  of  providing  this Certificate.   The  undersigned  acknowledges that  the  Administrative Agent and the Lenders are relying on the truth and accuracy of this Certificate  in connection  with the making of the Term Loan under the Credit Agreement

 

To the best knowledge of the undersigned, the financial information, projections and assumptions which underlie  and form the basis for the representations made  in this Certificate were reasonable  when made and were made in good faith and continue  to be reasonable as of the date hereof.

 

BASED  ON  THE  FOREGOING, the  undersigned  certifies  that,  both  before  and  after giving effect to the Term Loan made on the Closing Date:

 

A.                                   The Credit  Parties, as a whole, are solvent  and are able to pay their debts and other liabilities,  contingent  obligations and other commitments as they mature in the normal course of business.

 

B.                                     None  of the Credit  Parties  intends  to, and  does  not  believe  that  it will, incur  debts  or  liabilities  beyond  its ability  to pay as such  debts  and  liabilities  as they mature in their ordinary course.

 

C.                                     None of the Credit Parties is engaged  in any business  or transaction,  or is about to engage in any business or transaction,  lor which the assets of such Credit  Party would   constitute   unreasonably   small   capital   aller   giving   due   consideration  to  the prevailing  practice in the industry in which such Credit Party is engaged or is to engage.

 

 

D.                                    The present fair saleable value of the consolidated  assets of each Credit Party and its Subsidiaries, measured on a going concern basis, is not less than the amount that will be required to pay the probable liability on the debts of such Credit Party and its Subsidiaries, on a consolidated basis, as they become absolute and matured.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

 

IN  WITNESS WHEREOF, the  undersigned  has executed  this  Certificate  as of  the day and year first above written.

 

 

	
 
    	
THE   PEP BOYS - MANNY, MOE & JACK,
    
	
 
    	
a   Pennsylvania corporation
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
Name:
    	
 
    
	
 
    	
Title:
    	
 
    

 

 

Schedule 5.2(a)(i)

 

[FORM OF]

OFFICER’S COMPLIANCE CERTIFICATE

 

[Date]

 

For the fiscal [quarter][year] ended-------’               .

 

The undersigned, on behalf of The Pep Boys - Manny, Moe &  Jack, a Pennsylvania corporation (the “Borrower”), hereby certifies on behalf of the Credit Parties that, with respect to the Amended and Restated Credit Agreement, dated as of October LJ, 2006 (as amended, restated, amended and restated, or otherwise modified, the “Credit Agreement”), by and among the Borrower, the Domestic Subsidiaries of the Borrower from time to time party thereto, the Lenders from  time  to  time  party thereto, and  Wachovia Bank,  National Association, as administrative agent for the Lenders (the “Administrative Agent”):

 

(a)         Each of the Credit Parties during the fiscal period referred to above observed or performed in all material respects all of its covenants and other agreements, and satisf1ed in all material respects every condition, contained in the Credit Agreement to be observed, performed or satisfied by it.

 

(b)         I have obtained no knowledge of any Default or Event of Default under the Credit Agreement; (1)

 

(c)          Attached hereto on Schedule 1  are calculations in reasonable detail [(i)] demonstrating compliance by the Credit Parties with the financial covenant contained in Section 5.9 of the Credit Agreement as of the last day of the f1scal period referred to above and [(ii)  determining the Senior Leverage Ratio as of the last day of the tlscal period referred to above to the extent the Senior  Leverage Ratio meets the Senior Leverage Ratio Target].

 

(d)         Attached hereto on Schedule 2 is a certificate detailing the amount of all Asset Dispositions that were made during the fiscal period referred to above, and amounts received in connection with a Recovery Event during the fiscal period referred to above.

 

(e)          [Attached hereto on Schedule 3 is an updated copy of Schedule 3.12 to the Credit Agreement.]’

 

If a Default or Event of Default shall have occurred, an explanation of such Default or Event of Default shall be provided on a separate page anached hereto together with an explanation of the action taken or proposed to be taken by the Borrower with respect thereto.

’             Attach Schedule 3 if the Borrower or any of its Subsidiaries has formed or acquired a new Subsidiary since the Closing Date or since Schedule 3.12 to the Credit Agreement was last updated.

 

 

(f)          (Attached hereto on Schedule 4 is an updated copy of Schedule 3.24 to the Credit Agreement.]’

 

(g)         [Attached hereto on Schedule 5 is an updated copy of Schedule 3.25 to the Credit Agreement.]’

 

(h)         The financial statements delivered for the fiscal period referred to above present fairly the financial position of the Borrower and its Consolidated Subsidiaries, for the periods indicated, in conformity  with GAAP applied on a consistent basis.

 

Capitalized  terms  used herein and not defined herein shall have the meanings assigned thereto in the Credit Agreement.

 

(REMAINDER OF PAGE INTENTIONALLY LEFT BLANK)

 

Attach Schedule 4 if any new Material Contract has been entered into since the Closing  Date or since Schedule 3.24 to the Credit Agreement was last updated (together with a copy of such Material Contract(s)).

’             Attach Schedule 5 if the Borrower or any of its Subsidiaries has altered or acquired any insurance policies since the Closing Date in any material respect.

 

 

IN WITNESS WHEREOF, the undersigned has executed this officer’s compliance certificate as of the day and year first above written.

 

	
 
    	
THE   PEP BOYS - MANNY, MOE & JACK,
    
	
 
    	
a   Pennsylvania corporation
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
 
    
	
 
    	
Name:   
    	
 
    
	
 
    	
Title:
    	
 
    

 

 

Schedule I

 

Financial Covenant Calculations

 

Financial Covenant Calculation Worksheet

 

	
A.
    	
 
    	
Consolidated   EBITDA
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
1.
    	
Consolidated   Net Income
    	
 
    	
1.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
2.
    	
Consolidated   Interest Expense
    	
 
    	
2.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
3.
    	
tax   expense (including, without limitation, any federal, state, local and foreign   income and similar taxes) of the Credit Parties and their Subsidiaries for   such period
    	
 
    	
3.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
4.
    	
depreciation   and amortization expense of the Credit Parties and their Subsidiaries tor   such period
    	
 
    	
4.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
5.
    	
other   non-cash charges (excluding reserves for future cash charges) of the Credit   Parties and their Subsidiaries for such period
    	
 
    	
5.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
6.
    	
the   sum of Lines I through 5:
    	
 
    	
6.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
7.
    	
non-cash   charges previously added back to Consolidated Net Income in determining   Consolidated EBITDA to the extent such non-cash charges have become cash   charges during such period
    	
 
    	
7.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
8.
    	
any   other non-recurring cash or non-cash gains during such period
    	
 
    	
8.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
9.
    	
the   sum of Lines 7 and g
    	
 
    	
9.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
10.
    	
Line   6 minus Line 9: Consolidated EBITDA
    	
 
    	
10.
    	
 
    	
 
    

 

*Line I 0 must equal at least S 170 million.

 

 

Schedule 2

 

Asset Dispositions/Recovery  Events

 

	
I.
    	
 
    	
Asset   Dispositions
    	
 
    	
I.
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
II.
    	
 
    	
Recovery   Events
    	
 
    	
II.
    

 

 

Schedule 3

 

Schedule 3.12 to Credit Agreement

 

 

 Schedule 4

 

Schedule 3.24 to Credit Agreement

 

[Please attach a copy of each Material Contract]

 

 

 Schedule 5

 

Schedule 3.25 to Credit Agreement

 

 

Schedule 5.2(a)(ii)

 

[FORM OF]

COLLATERAL VALUE REPORT

 

[Date]

 

For the fiscal [quarter][year] ended - - - - -                   ,           .

 

The undersigned, on behalf of The Pep Boys - Manny, Moe & Jack, a Pennsylvania corporation (the “Borrower”), hereby certifies on behalf of the Credit Parties that, with respect to the Amended and Restated Credit Agreement, dated as of October [ ], 2006 (as amended, restated, amended and restated, or otherwise modified, the “Credit Agreement”), by and among the Borrower, the Domestic Subsidiaries of the Borrower from time to time patty thereto, the Lenders from time to time party thereto, and Wachovia Bank, National Association, as administrative agent for the Lenders (the “Administrative Agent”):

 

l.         The Collateral Value, as demonstrated by the calculations attached hereto as Schedule l, is true and accurate on and as of the last day of the fiscal period referred to above.

 

[Use the following paragraphs 2 and 3 for {a) substituting additional Properties as Collateral for Properties previously pledged as Collateral or (b) releasing certain Collateral, in each case pursuant to Section 5. 12.]

 

2.        No Default or Event of Default exists and is continuing on the date of this Certificate, or after giving effect to the [substitution of Collateral][release of Collateral] set forth on Schedule 2 (the “(Replaced][Released] Collateral”).

 

3.        The total aggregate amount of all Replaced Collateral does not exceed fifteen percent (15%) of the aggregate total value of the Collateral as determined by the 2005 Appraisals, the 2006 Appraisals or such later appraisals as may be required by the Administrative Agent.

 

4.        After giving effect to the Released Collateral (and any new Collateral pledged in substitution therefore) the Collateral Value of the Mortgaged Properties will be greater than or equal to 2.0 times the principal amount of the then outstanding Term Loan and will be at least $150,000,000, as demonstrated by the calculations attached hereto as Schedule 3.

 

(REMAINDER OF PAGE INTENTIONALLY LEFT BLANK}

 

 

IN WITNESS WHEREOF, the undersigned has executed this certificate as of the day and year first above written.

 

	
 
    	
THE   PEP BOYS - MANNY, MOE & JACK,
    
	
 
    	
a   Pennsylvania corporation
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
Name:
    	
 
    
	
 
    	
Title:
    	
 
    
					

 

 

Schedule 1 Collateral Value

 

Calculation See attached.

 

[to be completed by the Borrower and subject to review by Administrative Agent]

 

 

Schedule 2

 

[Replaced][Released] Collateral

 

[to be completed by the Borrower and subject to review by Administrative Agent]

 

 

Schedule 3

 

Collateral V alue

 

(to be at least equal to 2.0 times the principal amount of the then outstanding Term Loan)

 

	
I.
    	
 
    	
Collateral   Value (See Schedule I calculations)’
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
II.
    	
 
    	
outstanding   Term Loan
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
III.
    	
 
    	
I.   equals at least 2.0 times II.
    	
 
    	
yes/no
    

 

‘ Collateral Value should take into account any [Replaced][Released] Collateral and any Collateral pledged in substitution therefore.

 

 

Schedule 5.5(c)- O&M Plans

 

See attached.

 

 

 

PEP BOYS STORE ASBESTOS POLICY

 

Prior to its identified hazards, asbestos was commonly used in construction and general industry. For these reasons, Pep Boys has established the following procedures to identify, manage, and when appropriate, remove asbestos containing materials {ACM).

 

Real Estate Development

 

Since Pep Boys began 1t’s expansion in the early 1990’s, our extensive due diligence process mandates that a Phase l Environmental Site Assessment is to be performed on all properties, without exception When recommended by the environmental consultant or if required by Pep Boys, a Phase II is also performed. In new store remodels, it is Pep Boys’ policy to perform ACM studies, regardless of the Phase I results. Based upon these results, any ACM that is identified is to be removed in accordance with all local, state and federal regulations.

 

Remodel Activity

 

Prior to a remodel of an existing store, an asbestos survey is to first take place for ail stores constructed before 1980. If no asbestos is identified, Pep Boys Environmental Department will sign-off for the remodel to begin. If any ACM is found to be present, the following protocol must be followed

 

1.                           The condition of the ACM must be identified.

2.                           The scope of work for the remodel must be reviewed to identify if any of the affected areas are to be altered many way

3.                           If the ACM is found to be in poor condition, regardless of the extent of the remodel, it shall be removed m accordance With all local, state and federal regulations

4.                           If the ACM 1s found to be in good condition, and the scope of the remodel does not affect the ACM, the asbestos is labeled and an Asbestos Management Plan is created for the store (see Attachment A for a sample plan).

5                             If the ACM ts found to be in good condition and the scope of the remodel encompasses the ACM, a determination must be made to e1ther remove the ACM or alter the scope of work to exclude the remodel

 

3/Jl West AIIegheny Avenue· Philadelphia,
 PA. 19132

215-430-9876 {phone) 215-430-4665 (fax)

 

 

ATTACHMENT

 

A

 

 

Health Building International, Inc.

 

HBI ASBESTOS OPERATIONS AND MAINTENANCE PROGRAM

 

Date of Site Visit: March 16, 2005

Date Report Issued: April 6, 2005

 

 

Table of Contents 

 

	
1  General   Introduction
    	
2
    
	
2  Administrative   Policy and Procedures (Responsibility of Key Participants)
    	
3
    
	
2.1  Building   Owner Agent
    	
3
    
	
2.2  Maintenance   Workers
    	
3
    
	
2.2.1  Class Ill   Asbestos Work
    	
3
    
	
2.2.2  Class Asbestos   Work
    	
5
    
	
2.2.3  Custodial   and Routine Housekeeping Duties
    	
7
    
	
3  Operations   and Maintenance Program
    	
8
    
	
3.1  Notification
    	
8
    
	
3.1.1  Maintenance and Custodial Employees
    	
8
    
	
3.1.2  Contractors
    	
8
    
	
3.1.3  Building   Occupants and Tenants
    	
9
    
	
3.2  Surveillance
    	
9
    
	
3.2.1  Re-inspection   - (for sample form, refer to Appendix B. Form 1)
    	
9
    
	
3.2.2  Visual   Evaluation - (Appendix B Form 1 may be used)
    	
10
    
	
3.2.3  Air   Monitoring
    	
10
    
	
3.3  Controls   for Asbestos Containing Material - (for exact descriptions and wording of   signs and labels refer to Appendix I)
    	
10
    
	
3.3.1  Floor   Tile Mastic-Throughout most of retail area of site
    	
10
    
	
3.3.2  Building   Rooftop
    	
11
    
	
3.3.3  Work   Practices
    	
11
    
	
3.3.4  Worker   Protection
    	
11
    
	
3.3.5  Protective   Clothing
    	
12
    
	
3.3.6  Operations   and Maintenance Procedures
    	
12
    
	
3.4  Record   Keeping
    	
13
    
	
3.4.1  Operations   and Maintenance Plan
    	
13
    
	
3.4.2  Asbestos   Program Participants
    	
13
    
	
3.5 Notification
    	
13
    
	
3.6  Surveillance
    	
14
    
	
3.7  Controls   for Asbestos Containing Material
    	
14
    
	
3.8  Work   Practices
    	
14
    
	
3.9  Training
    	
14
    

 

 

1 General Introduction

 

The purpose of an Asbestos Operations and Maintenance Program is to establish and maintain a system which implements and documents an asbestos control program in the building located at      . The steps taken to identify asbestos containing material and associated hazards and to minimize the potential exposure to employees and occupants of a building must be implemented, recorded and maintained for future reference. It is the responsibility of the Asbestos Program Manager(s) to establish and maintain the required controls and record keeping system of the Operations and Maintenance Program.

 

Asbestos Program Manager

 

Authority for all asbestos related activities has been designated to:

 

The Asbestos Program Manager shall be, through training and experience, actively involved and oversee all asbestos related activities.

 

Requisite training for the Asbestos Program Manager shall be E.P.A. accreditation under the Asbestos Hazard Emergency Response Act (AHERA) and/or state certification as a Building Inspector/Management Planner.

 

The Asbestos Program Manager shall either train or have training provided for building workers in the techniques of the Operations and Maintenance Program.

 

The Asbestos Program Manager shall provide notification to tenants, employees and contractors concerning any asbestos related issue. The tenants shall be bound by written agreement or legal contract to inform the Asbestos Program Manager of any renovation or demolition project undertaken by the tenant.

 

The Asbestos Program Manager shall be responsible to review and update the Operations and Maintenance Program on an annual basis and an as needed basis.

 

 

2 Administrative Policy and Procedures (Responsibility of Key Participants)

 

2.1 Building Owner Agent

 

Building owners of buildings constructed prior to 1981 are required to undertake a number of measures regarding the possibility of asbestos containing materials in their facility. Per A.S.H.A. Asbestos Construction Standard 29 CFR 1926.110 1 (k) (2) “building and facility owners shall determine the presence, location and quantity of Asbestos Containing Material (ACM) and/or Presumed Asbestos Containing Material (PACM).” Identification and recordkeeping of potential hazards is required. Notification by means of signage to warn of potential asbestos hazards as well as the communication of information as to potential asbestos hazards is required. If work is to be performed involving asbestos containing material(s), the building owner (agent) shall ensure that only qualified asbestos contractors may conduct the work and that all required notifications to local, state, and federal agencies have been completed.

 

2.2 Maintenance Workers

 

2.2.1 Class III Asbestos Work

 

Employees who, during the course of their work, do repair and maintenance operations where ACM or PACM is likely to be disturbed must be protected from exposure to asbestos fibers. The work as described above is classified a Class III asbestos work under the A.S.H.A. Asbestos Construction Standard 29 CFR 1926.1101 (g) (9).

 

Under this regulation an operation fitting this description must be conducted and demarcated within a regulated area. The use of signs, critical barriers or negative pressure enclosures are considered adequate methods of demarcation.

 

Proper training and respiratory protection of workers is required where the A.S.H.A. Permissible Exposure Limit (PEL) of 0.1 fibers per cubic centimeter of air as an 8 hour time weighted average or 1.0 fibers per cubic centimeter of air during a 30 minute period is expected to be exceeded as a result of the work.

 

Eating, drinking, smoking, chewing tobacco or gum, or applying cosmetics in the regulated area is not permitted.

 

A competent person must supervise all work involving the disturbance of ACM or PACM. A competent person is an employee who is knowledgeable about construction safety and health and who is capable of identifying asbestos hazards, selecting the appropriate control strategy, and will take prompt action to correct or eliminate problems. The competent person who supervises Class III asbestos work must receive training equivalent to EPA’s 16 hour operations and maintenance training and an annual refresher training at no cost to the employee.

 

Training must focus on the locations of suspect materials, work practices, job assessment and methods of control.

 

An initial exposure assessment must be conducted by a competent person to determine whether or not airborne asbestos fibers in excess of the PEL may be present.

 

The following work practices and engineering controls are required for all Class ill work:

 

(1)           Vacuum cleaners with HEPA filters

 

(2)           Wet methods or wetting agents

 

(3)           Clean-up and disposal using leak tight containers

 

 

(4)           Impermeable drop cloths and isolation methods such as mini-enclosures or glove bag systems must be used where the disturbance involves drilling, cutting, abrading, sanding, chipping, breaking or sawing ACM or PACM.

 

(5)           The work area must be contained using a critical barrier or the operation must be isolated using a control system such as a negative pressure enclosure or glove bag.

 

Protective clothing is required when it is expected that the PEL will be exceeded by the work or where a negative exposure assessment is not produced.

 

Hygiene practices are required when it is expected that the PEL will be exceeded by the work or where a negative exposure assessment is not produced. Hygiene practices include an equipment room or decontamination area, which guards against contamination beyond the work area. Work clothing must be vacuumed and equipment must be cleaned prior to removal from the work area.

 

Employees who perform Class ill asbestos work must receive 16 hours of EPA required operations and maintenance training. The training shall be equivalent in curriculum, method and length to the EPA Model Accreditation Plan. Annual refresher training for this group is required without specific duration.

 

Medical surveillance is required for all workers who perform Class I, II, ill work for a cumulative total of 30 days or more per year, or whoever wears a negative pressure respirator, or who ever is exposed above the PEL for 30 days or more per year. The 30 day limit excludes days in which less than one hour is spent in Class ill work when required work practices are followed.

 

The following work practices are prohibited:

 

(1)           The use of high abrasive disk saws without HEPA filtered exhausts or point-of-cut ventilators.

 

(2)           The use of compressed air without an enclosed ventilation system such as a capturing device.

 

(3)           Dry sweeping, shoveling or other dry clean-up method.

 

(4)           Employee rotation to circumvent the PEL.

 

For workers who do any Class ill asbestos work where an initial exposure assessment indicates the possibility that airborne asbestos fibers may exceed the PEL of 0.1 fibers per cubic centimeter of air as an 8 hour time weighted average or 1.0 fibers per cubic centimeter of air during a 30 minute period, the following applies:

 

(1)           Air sampling that represents a full shift exposure must be conducted periodically over the course of a job to determine accurate concentrations of airborne asbestos fibers. (Air monitoring may be discontinued if it shows exposure to asbestos fiber concentrations less than the PEL and this condition is expected to continue.)

 

(2)           Appropriate respirators are required (refer to Appendix E Respiratory Protection Recommendations)

 

(3)           Appropriate protective work clothing and equipment, at no cost to the employee, must be provided.

 

(4)           An equipment room or area must be established next to the regulated area for decontamination of employees and their equipment. All personal protective equipment and clothing must be decontaminated and all persons must enter and exit the regulated area through the equipment/decontamination area.

 

 

(5)           The regulated work area must be enclosed by critical barriers or the work operation must be isolated using a control system such as glove bags or a negative pressure enclosure. Ventilation and dust collection systems must be equipped with HEPA filters.

 

(6)           Medical surveillance is required for all workers who wear negative pressure respirators or who do Class I, II, or ill asbestos work for 30 or more days per year. Days in which less than one hour is spent in Class ill asbestos work when work practices are followed are not included in the accumulation of 30 days per year.

 

2.2.2 Class IV Asbestos Work

 

Employees who, during the course of their work, may clean up dust or debris after work that involved disturbance or removal of ACM or PACM must be protected from exposure to asbestos fibers. The work as described above is classified as Class IV asbestos work under the A.S.H.A. Asbestos Construction Standard 29 CFR 1926.1101 (g) (10), if the work is the result of Class I, II or ill asbestos work.

 

Under the regulation as described above, a competent person must supervise all Class IV asbestos work involving contact with and clean up of ACM or PACM. A competent person is an employee who has received specialized training to identify asbestos hazards, to select the best control strategy and to take prompt action to correct or eliminate problems. The competent person who supervises Class IV asbestos work must receive training equivalent to EPA’s 16 hour operation and maintenance training and annual refresher training at no cost to the employee. Training must focus on the locations of suspect materials, work practices, job assessment and methods of control.

 

An initial exposure assessment must be conducted by a competent person to determine whether or not airborne asbestos fibers in excess of the PEL may be present.

 

Employees who do asbestos construction clean up work must receive annual asbestos hazard awareness training at no cost to the employee.

 

Smoking is not allowed in the work area.

 

Wet methods and/or wetting agents and appropriate work practices must be followed.

 

HEPA vacuums must be used.

 

Prompt clean up and disposal of debris in leak proof containers is required.

 

The following work practices are prohibited:

 

(1)  The use of high speed abrasive disk saws without HEPA filtered exhausts or point of cut ventilator.

 

(2)  The use of compressed air without a capture device.

 

(3)  Dry sweeping, shoveling or other dry clean up method.

 

(4)  Employee rotation to circumvent the PEL.

 

(5) Medical surveillance is required for all workers doing Class IV asbestos work who are exposed to asbestos above the PEL for 30 days or more per year. The 30 day requirement excludes days in which less than one hour is spent in Class III asbestos work when required work practices are followed.

 

For workers who clean up any job where the exposure assessment (refer to Appendix J) indicates the possibility that airborne asbestos fibers may exceed the PEL of 0.1 fibers per cubic centimeter of air over an 8 hour time weighted average or 1.0 fiber per cubic centimeter of air averaged over a 30 minute period.

 

 

(1)           Periodic exposure monitoring, which represents full shift exposures, must be performed at the work area to determine the airborne asbestos fiber concentration. Monitoring may be discontinued if it shows asbestos fiber concentrations less than the PEL.

 

(2)           Negative pressure air purifying respirators or higher level protection are required. (Refer to Appendix E Respiratory Protection Recommendations)

 

(3)           Appropriate protective work clothing and equipment must be provided at no cost to the employee.

 

(4)           Work clothing must be HEPA vacuumed and equipment decontaminated on a plastic drop cloth. If Class IV clean up takes place in a regulated area, the clean up must comply with the hygiene required in a higher classification of asbestos work.

 

(5) A regulated area must be established and demarcated in any manner that minimizes the number of persons in the area and protects persons outside the area from exposure to airborne asbestos. Signs must be provided and displayed.

 

(6)           Medical surveillance is required for all workers doing Class IV work who are exposed to asbestos above the PEL for 30 days or more per year. The 30 day requirement excludes days in which less than one hour is spent in Class III work when the required work practices are followed.

 

2.2.3 Custodial and Routine Housekeeping Duties

 

Employees who perform routine custodial duties that involve working near or cleaning known ACM or PACM that is not enclosed, sealed or otherwise protected from release of asbestos fibers into the air are covered by the O.S.H.A. General Industry Standard for Asbestos 29 CPR 1910.1001.

 

The affected workers must be provided with asbestos awareness training each year. The course must be provided at no cost to the employee. The course must cover the health effects of asbestos exposure, the hazards of smoking and asbestos, the use of respirators, the locations of asbestos materials and signs of damage, and who to notify and what procedures to follow should such materials be dislodged or become non-intact. This training must be provided regardless of the expected exposure levels to housekeepers.

 

If it can be reasonably expected that any of your housekeeping employees may be exposed in excess of a PEL, then the following must be done:

 

(I)            Air monitoring according to the O.S.H.A. General Industry Standard for Asbestos to accurately determine the airborne concentration of asbestos fibers.

 

(2)           Provide employees with medical surveillance. A medical surveillance program requires the worker to complete a health questionnaire and may include a physical examination at no cost to the employee. Exposure and medical surveillance records must be kept for the duration of employment plus 30 years.

 

(3)           Access to areas of expected over exposure shall be restricted.

 

(4)           An annual asbestos awareness course must be provided at no cost to the employee. The course must cover the health effects of asbestos exposure, hazards of asbestos and smoking, use of respirators, locations of asbestos materials and signs of their damage, how to respond to asbestos exposure and required housekeeping work practices.

 

Provide appropriate respirators and protective clothing at no cost to employees to use while working in the areas of potential over exposure. Respirators must be equipped with HEPA filters.

 

 

3 Operations and Maintenance Program

 

3.1 Notification

 

A system to inform workers, tenants, and building occupants where ACM or PACM is located, how to avoid disturbing the material. Before construction activity, including maintenance, repair or renovation is undertaken, information regarding the presence, location and quantity of ACM or PACM must be provided to those who may come in contact with the material. Building occupants should be informed of any potential hazard in their vicinity. Building owners (agent) may inform building occupants by written notices, posting signs or labels in a central location where affected occupants can see them, and holding awareness or information sessions.

 

3.1.1 Maintenance and Custodial Employees

 

Information regarding the location of ACM or PACM which may be disturbed during the course of their work.

 

The condition of the ACM or PACM and the response in the form of protective measures required in the vicinity of such material.

 

Convey the fact that asbestos only presents a health hazard when the fibers become airborne and are inhaled. The mere presence of ACM or PACM does not represent a health hazard.

 

Do not intentionally disturb ACM or PACM.

 

Report any evidence of disturbance, damage or deterioration of ACM or PACM to the Asbestos Program Manager.

 

Take special precautions to properly clean up any asbestos debris which may be discovered.

 

3.1.2 Contractors

 

Information regarding the location of ACM or PACM which may be disturbed during the course of their work.

 

The condition of the ACM or PACM and the response in the form of protective measures required in the vicinity of such material.

 

Convey the fact that asbestos only presents a health hazard when the fibers become airborne and are inhaled. The mere presence of ACM or PACM does not represent a health hazard.

 

Do not intentionally disturb ACM or PACM.

 

Report any evidence disturbance, damage or deterioration to the Asbestos Program manager.

 

Notify the Asbestos Program Manager as soon as possible of any dust or debris that might come from ACM or PACM, any change in the condition of the ACM or PACM, or any improper action (relative to ACM or PACM) of building personnel.

 

Convey that all ACM or PACM is inspected periodically and additional measures will be taken if needed to protect the health of the building occupants.

 

 

3.1.3 Building Occupants and Tenants

 

Information regarding the location of ACM or PACM which may be disturbed during the course of their work.

 

The condition of the ACM or PACM and the response in the form of protective measures required in the vicinity of such material.

 

Convey the fact that asbestos only presents a health hazard when the fibers become airborne and are inhaled. The mere presence of ACM or PACM does not represent a health hazard.

 

Do not intentionally disturb ACM or PACM.

 

Report any evidence of disturbance, damage or deterioration of ACM or PACM to the Asbestos Program Manager.

 

Notify the Asbestos Program Manager as soon as possible of any dust or debris that might come from ACM or PACM, any change in the condition of the ACM or PACM, or any improper action (relative to ACM or PACM) of building personnel.

 

Convey that all ACM or PACM is inspected periodically and additional measures will be taken if needed to protect the health of the building occupants.

 

3.2 Surveillance

 

3.2.1 Re-inspection (for sample form, refer to Appendix B. Form 1)

 

A visual inspection accompanied by an assessment of the condition of each type of ACM or PACM shall be done at least every 3 years.

 

The reinsertion shall be performed by an accredited asbestos inspector or the asbestos program manager.

 

Recommendations on the course of action regarding the ACM or PACM shall be provided.

 

Air monitoring for the presence of airborne asbestos fibers should be performed in conjunction with the re-inspection.

 

Documentation of the re-inspection must be incorporated into the Operations and Maintenance Program.

 

3.2.2 Visual Evaluation -(Appendix B Form 1 may be  used)

 

Every six months, a visual evaluation of the ACM or PACM shall be performed.

 

The visual evaluation may be performed by custodial or maintenance staff with sufficient asbestos awareness training, typically 16 hour asbestos awareness training.

 

Air monitoring for the presence of airborne asbestos fibers may be performed in conjunction with the visual evaluation.

 

Observations and any changes in condition should be noted and reported to the Asbestos Program Manager.

 

Documentation of the visual observations must be incorporated into the Operations and Maintenance Program.

 

3.2.3 Air Monitoring

 

Air monitoring for the presence of airborne asbestos fibers should be performed in conjunction with the re-inspection of ACM or PACM.

 

 

Air monitoring may be performed at any time in the vicinity of known asbestos containing material.

 

Observations in the condition of ACM or PACM in the vicinity of the air monitoring shall be done.

 

A knowledgeable and experienced individual should be consulted to design a proper air sampling strategy.

 

Documentation of the observations and air analysis results must be incorporated into the Operations and Maintenance Program.

 

Note: Air monitoring does not replace re-inspection and visual evaluation.

 

3.3           Controls for Asbestos Containing Material -(for exact descriptions and wording of signs and labels refer to Appendix I)

 

3.3.1 Floor Tile Mastic -Throughout most of retail area of site

 

The material in this group is the mastic or glue that holds the floor tile to the floor. This material is enclosed by the adhering floor tile. Periodic monitoring of the adhering floor tile to ensure that it has not become damaged is all that is necessary. If the adhering floor tile does become damaged, the affected area should be repaired using a non-asbestos patch or replacement material. The floor tile mastic is a non-friable material and was found to be in good condition. It is recommended that if a renovation is to be performed in the same areas as the floor tile mastic, consideration should be given to removing floor tile mastic.

 

3.3.2 Building Rooftop

 

Sampling of roofing components can be problematic. Over time it is not unusual for rooftops to undergo repeated repairs, both major and minor. These repairs can range from an almost complete replacement to a minimal patch with roofing tar, sealant compound, flue tape, etc. With weathering, it is difficult to distinguish new from old or original components. Further, if sampling involves even a minimum amount of rooftop penetration, this can raise liability and insurance concerns.

 

For these reasons, HBI generally does not sample roofing materials unless they are relatively “safe” samples to take; examples might include a “pinch” of a sealant/compound or putty or piece of tape sealant. Where such samples were taken they are generally not friable and are not readily accessible and currently do not pose a significant health hazard. However, these materials should be periodically inspected and if they should become friable, then they become a regulated asbestos containing material with more stringent requirements.

 

Long term however, with roofing materials generally not sampled, roofs should be “assumed” to have asbestos containing materials. This becomes an important issue if rooftop work involving significant disturbance, component removal, or any sort of destructive activities is to be performed. If any such projects are planned, an asbestos inspection of the rooftop will need to take place and identified asbestos containing components will need to be properly removed.

 

3.3.3 Work Practices

 

All work by employees or contractors to be performed in the vicinity of ACM or PACM shall have:

 

An Application for Maintenance Work (refer to Appendix B. Form 2) must be properly filled out and signed by the Asbestos Program Manager.

 

A Maintenance Work Authorization Form (refer to Appendix C. Form 1) must be properly filled out and signed by the Asbestos Program Manager.

 

 

An Evaluation of Work Affecting ACM or PACM (refer to Appendix C. Form 2) must be properly filled out and signed by the Asbestos Program Manager.

 

3.3.4 Worker Protection

 

Respiratory Protection - (refer to Appendix E Respiratory Protection Recommendations)

 

Appropriate respirators shall be made available to employees who perform certain activities which may reasonably expose them to asbestos fibers. (Typically a NIOSH and MSHA approved half-face or full-face negative pressure, air purifying respirator equipped with HEP A canister filters for asbestos dusts, mists and fumes)

 

A respiratory protection program shall be developed according to the O.S.H.A. respirator standard 29 CFR 1910.134 and should include:

 

(a) written operating procedure for respirator use

 

(b) personnel responsibilities for respirator cleaning, storage and repair

 

(c) medical examinations of workers for respirator use

 

(d) training in proper respirator use and limitations

 

(e) respirator fit testing

 

(f)  respirator cleaning and care

 

(g) work site supervision

 

Air monitoring shall be performed in the form of personal air sampling to verify that the respirator protection level is adequate.

 

The respiratory protection program shall be administered by the Asbestos Program Manager.

 

3.3.5 Protective Clothing

 

Protective clothing consists of coveralls, a head cover and foot cover made of a synthetic fabric which does not allow asbestos fibers to pass through.

 

Workers shall wear protective clothing whenever they are exposed or likely to be exposed to asbestos fiber levels above the A.S.H.A. PEL.

 

3.3.6 Operations and Maintenance Procedures

 

(a) Activities in the vicinity of ACM or PACM which are unlikely to involve direct disturbance of ACM or PACM such as wiping, dusting or sweeping.

 

Wet methods or wetting agents shall be used.

 

HEPA vacuums should be used to sweep up any dust or debris.

 

(b) Where the disturbance involves drilling, cutting, abrading, sanding, chipping, breaking or sawing ACM or PACM, impermeable drop cloths and isolation methods such as mini-enclosures or glove bag systems must be used.

 

 

The work area must be contained using a critical barrier or the operation must be isolated using a control system such as a negative pressure enclosure or glove bag. Provide appropriate respirators and protective clothing at no cost to employees to use while working in the areas of potential over exposure. Respirators must be equipped with HEPA filters.

 

(c) Asbestos Fiber Release Episodes (Involving more than three square or linear feet of ACM or PACM):

 

Notification of asbestos program manager as soon as possible

 

Isolation of the area by closing doors and/or erecting temporary barriers.

 

Signs shall be posted immediately outside the fiber release site to prevent persons not involved in the clean up from entering.

 

If necessary, the HVAC system shall be modified or shut down and sealed off.

 

Thorough clean up procedures, careful visual inspection and final clearance air monitoring to verify satisfactory clean up.

 

Documentation of how episode occurred, measurements taken and final verification of satisfactory clean-up shall be done.

 

3.4 Record Keeping

 

3.4.1 Operations and Maintenance Plan

 

The Asbestos Operations and Maintenance Plan along with the designated Asbestos Program Manager, Address, Phone Number shall be kept updated and on file.

 

Previous inspection and assessment reports shall be kept on file

 

Documentation regarding the removal of ACM or PACM shall be kept on file.

 

Drawings and/or sketches identifying the locations of ACM or PACM shall be kept on file.

 

3.4.2 Asbestos Program Participants

 

The name, address and phone number of the building owner (agent) shall be kept updated and on file.

 

Any and all accreditation and training certifications of the Asbestos Program Manager, maintenance workers and custodial staff for asbestos shall be updated annually and kept on file.

 

Personal air monitoring documentation shall be kept on file for the length of employment plus 30 years.

 

Documentation of medical surveillance records for any employee shall be kept on file for the length of employment plus 30 years.

 

Documentation for any employee required to wear a respirator shall be updated annually and kept on file.

 

3.5 Notification

 

Any and all documentation regarding the notification of employees, workers, contractors, tenants or building occupants of the presence, location and quantity of ACM or PACM shall be kept on file.

 

 

3.6 Surveillance

 

Any and all asbestos re-inspection documentation shall update the Asbestos Operations and Maintenance Program and be kept on file.

 

Any and all asbestos visual evaluation documentation shall update the Asbestos Operations and Maintenance Program and be kept on file.

 

Any and all air monitoring documentation for asbestos shall be kept on file.

 

3.7 Controls for Asbestos Containing Material

 

Any and all actions taken to repair ACM or PACM shall be documented and the Asbestos Operations and Maintenance Program shall be updated and kept on file.

 

Any and all actions taken to abate ACM or PACM in the form of removal, encapsulation or enclosure shall be documented and the Asbestos Operations and Maintenance Program updated and kept on file.

 

Any and all documentation regarding an asbestos fiber release episode shall be kept on file.

 

3.8 Work Practices

 

If any employee is required to wear a respirator, a respiratory protection program shall be developed according to O.S.H.A. respirator standard 29 CPR 1910.134 updated as necessary and kept on file

 

Work procedures for employees who work in the vicinity of ACM or PACM, but are unlikely to disturb ACM or PACM shall be developed, updated as necessary and kept on file.

 

Work procedures for employees who work in the vicinity of ACM or PACM and may disturb ACM or PACM shall be developed, updated as necessary and kept on file.

 

Work procedures for employees whose activities involve the disturbance of ACM or PACM shall be developed, updated as necessary and kept on file.

 

Procedures for an accidental asbestos fiber release episode shall be developed, updated as necessary and kept on file.

 

3.9 Training

 

Awareness Training for employees who are required to perform cleaning and simple maintenance tasks where ACM or PACM may be accidentally disturbed. (2 to 8 hour training)

 

(1) Background information on asbestos.

 

(2)           Health effects of asbestos.

 

(3)           Worker protection programs.

 

(4)           Locations of ACM or PACM in buildings.

 

(5)           Recognition of ACM or PACM damage and deterioration.

 

(6)           Operations and Maintenance Program.

 

(7)           Proper response to fiber release episodes.

 

 

Operations and Maintenance Training -for employees who are required to repair or remove small sections of ACM or PACM. (16 hour training)

 

(1)           Federal, State and local asbestos regulations.

 

(2)           Proper asbestos related work practices.

 

(3)           Descriptions of the proper methods of handling ACM or PACM, inducing waste handling and disposal.

 

(4)           Respirator use, care and fit-testing.

 

(5)           Protective clothing donning, use and handling.

 

(6)           Hands-on exercises for techniques such as glove bag work and HEPA vacuum use and maintenance.

 

(7)           Appropriate and proper worker decontamination procedures.

 

 

APPENDIX A

 

Glossary

 

Asbestos -includes chrysotile, amosite, crocidolite, tremolite asbestos, anthophyllite asbestos, actinolite asbestos.

 

Asbestos Containing Material (ACM) -Any material that contains more than 1% asbestos.

 

Asbestos Program Manager -A building owner or designated representative who supervises all aspects of the facility asbestos management and control program.

 

Friable Asbestos -Any materials that contain greater than 1 % asbestos, and can be crumbled, pulverized or reduced to powder by hand pressure. Previously non-friable material may become broken or damaged by mechanical force and thus rendered friable.

 

HEPA Filter -High Efficiency Particulate Air filter rated to trap 99.97% of all particles 0.3 microns or larger.

 

Medical Surveillance -A periodic comprehensive review of a worker’s health status. The required elements of an acceptable medical surveillance program are listed in the O.S.H.A. standards for asbestos.

 

NIOSH -The National Institute for Occupational Safety and Health which conducts research, issues technical information and tests and certifies respirators.

 

Personal Air Samples -An air sample taken with a sampling pump directly attached to the worker with the collecting filter and cassette placed in the worker’s breathing zone.

 

Presumed Asbestos Containing Material (PACM) -Thermal system insulation, surfacing material and vinyl/asphalt flooring materials in a building built or renovated before 1981 and not tested for asbestos content.

 

Regulated Area -An area established to demarcate where Class I, II, III asbestos work is conducted and any adjoining area where debris and waste from such asbestos work may accumulate and a work area within which the airborne concentrations of asbestos may exceed or there is a reasonable possibility they may exceed the PEL.

 

 

APPENDIX B

Sample Record Keeping Forms

 

Form 1: A sample form for recording information during ACM reassessment

 

Re-inspection of Asbestos-Containing Materials

 

Location of asbestos-containing material (address, building, room, or general description):

 

Type of asbestos-containing material(s):

 

1. Sprayed-or ceilings or walls

 

2. Sprayed-or troweled-on structural members

 

3. Insulation pipes, tanks, or boiler

 

4. Other (describe):

 

Abatement Status:

 

1. The material has been encapsulated enclosed neither removed

 

Assessment:

 

1. Evidence of physical damage:

 

2. Evidence of water damage:

 

3. Evidence delamination or other damage:

 

4. Degree of accessibility of the material:

 

5. Degree of activity near the material:

 

6. Location in an air plenum, air shaft or airstream:

 

7. Other observations (including the condition of the encapsulant or enclosure if any):

 

*Recommended Action:

 

Signed: Date:     (Evaluator)

 

 

Form 2: A sample application form for maintenance work approval

 

Job Request Form for Maintenance Work

 

Name: Date:

 

Telephone No. Job Request No. 

 

Requested starting date: Anticipated finish date:

 

Address, building, and room number(s) (or description of area) where work is to be performed:

 

Description of work:

 

Description of any asbestos-containing material that might be affected, if known (include location and type):

 

Name and telephone number of requestor:

 

Name and telephone number of supervisor:

 

Submit this application to:

(The Asbestos Program Manager)

 

NOTE: An application must be submitted for all maintenance work whether or not asbestos-containing material might be affected. An authorization must then be received before any work can proceed.

 

Granted (Job Request No)

With conditions*

Denied

 

*Conditions

 

 

APPENDIX C

 

Form 1: A sample maintenance work authorization form

 

Maintenance Work Authorization Form No.

 

Authorization

 

Authorization is given to proceed with the following maintenance work:

 

Presence of Asbestos Containing Materials

Asbestos-containing materials are not present in the vicinity of the maintenance work.

 

ACM is present, but its disturbance is not anticipated; however if conditions change, the Asbestos Program Manager will reevaluate the work request prior to proceeding.

 

ACM is present, and may be disturbed.

 

Work Practices if Asbestos-Containing Materials Are Present

 

The following. work practices shall be employed to avoid or minimize disturbing asbestos:

 

Personal Protection if Asbestos-Containing Materials Are Present

The following equipment/clothes shall be used / worn during the work to protect workers:

(Manual on personal protection can be referenced)

 

Special Practices and/or Equipment Required:

Signed: Date:     (Asbestos Program Manager)

 

 

Form 2. As sample work evaluation form

 

Evaluation of Work Affecti9ng Asbestos-Containing Materials

 

This evaluation covers the following maintenance work:

 

Location of work (address. building. room number(s). or general description):

 

Date(s) of work:

 

Description of work:

 

Work approval form number:

 

Evaluation of work practices employed to minimize disturbance of asbestos:

 

Evaluation of work practices employed to contain released fibers and to clean up the work area:

 

Evaluation of equipment and procedures used to protect workers:

 

Personal air monitoring results (in-house worker or contract?)

Worker Name Results:

Worker Name Results:

 

Handling or storage of ACM waste:

Signed: Date:     (Asbestos Program Manager)

 

 

APPENDIX D

 

Additional Assistance and Training

 

EPA Regional Contacts

 

Additional assistance can be obtained from your U.S. EPA Regional Asbestos Coordinators. NESHAP Regional Coordinators and OSHA Regional Offices. Their telephone numbers are listed below: 

 

EPA Region 1: (CT, ME, MA,.NH, RI, VT) 
 Asbestos Coordinator (617) 565-3835 
 NESHAP Coordinator (617) 565-3265 

 

EPA Region II: (NJ, NY, PR, VI) 
 Asbestos Coordinator (201) 321-6671 
 NESHAP Coordinator (212) 264-6770 

 

EPA Region III: (DE, DC, MD, PA, VA, WV) 
 Asbestos Coordinator (215) 597-3160 
 NESHAP Coordinator (215) 597-6550 

 

EPA Region IV: (AL, FL, GJ\. KY, MS, NC, SC, TN) 
 Asbestos Coordinator (404) 347-5014 
 NESHAP Coordinator (404) 347-2904 

 

EPA Region V: (IL, IN, MI, MN, OH, WI) 
 Asbestos Coordinator (312) 886-6003 
 NESHAP Coordinator (312) 353-2088 

 

EPA Region VI: (AR, LA, NM, OK, TX)
 Asbestos Coordinator (214) 655-7244
 NESHAP Coordinator (214) 655-7229 

 

EPA Region VII: (lA, KS, MO, NE) 
 Asbestos Coordinator (913) 551-7020 
 NESHAP Coordinator (913) 551-7020 

 

EPA Region VIII: (CO, MT, ND, SD, UT, WY) 
 Asbestos Coordinator (303) 293-1442 
 NESHAP Coordinator (303) 294-7685 

 

EPA Region IX: (AZ, CA, HI, NV, AS, aU) 
 Asbestos Coordinator (415) 556-5406 
 NESHAP Coordinator (415) 556-5526 

 

EPA Region X: (AK, ID, OR, WA) 
 Asbestos Coordinator (206) 442-4762 
 NESHAP Coordinator (206) 442-1757 

 

 

OSHA REGIONAL OFFICES 
 Region 1-Boston, MA: (617) 223-6710 
 Region II -New York, NY: (212) 944-3432 
 Region II1-Philadelphia, PA: (215) 596-1201  
 Region IV -Atlanta, GA: (404) 347-3573  
 Region V -Chicago, 11: (312) 353-2220  
 Region VI -Dallas, TX: (214) 767 4731  
 Region VII -Kansas City, MO: (816) 374-5861 
 Region VIII Denver, CO: (303) 844-3061 
 Region IX -San Francisco, CA: (415) 995-5672 
 Region X -Seattle, WA: (206) 442-5930 

 

Toxic Substances Control Act (TSCA) 
 Assistance Hotline 

 

Copies of the EPA Guidance Documents, Technical Bulletins and other publications cited here can be obtained by calling the TSCA Assistance Hotline, in Washington DC: (202) 554-1404. 

 

Approved Training Centers 

 

Certain training centers and satellite centers were initially funded by EPA to develop asbestos training courses. They, and other training providers approved by EPA or states, offer courses for professionals such as asbestos inspectors and management planners involved with ACM detection and control, for asbestos abatement project designers, project supervisors and abatement workers, and others. In general, qualified professionals trained as inspectors and asbestos management planners would be good choices to design an O&M plan. Original training centers are located at the following sites: 

 

Georgia Institute of Technology
 GTRIIEDUESTD 
 29 O’Keefe Building 
 Atlanta, GA 30332 
 (404) 894-3806

 

Tufts University 
 Curtis Hall 
 Asbestos Information Center 
 474 Boston Avenue 
 Medford, MA 02155 
 (617) 381-3531 

 

University of Kansas Asbestos 
 Training Center 6600 College 
 Blvd. Suite 315
 Overland Park, KS 66211 
 (913) 491-0181 

 

University of Illinois at Chicago 
 Midwest Asbestos Information 
 Center Box 6998 
 Chicago, IL 60680 
 (311) 996-6904 

 

 

Pacific Asbestos Information 
 Center University Cal Extension 
 2223 Fulton Street 
 Berkeley, CA 94720 
 (415) 643-7143 

 

Additional training providers are listed in the Federal Register on a regular basis. Call (202) 554-1404 for information. In addition, information on how to receive a copy of an O&M Course produced by an EPA contractor may be obtained at the same number. 

 

OTHER ORGANIZATIONS 
 National Conference of State Legislatures (NCSL) Denver, CO 
 (303) 623-7800 
 National Institute of Building Sciences (NIBS) Washington, DC -(202) 289-7800 
 American Board of Industrial Hygiene (ABIH) 
 Lansing, MI -(517) 321-2638 
 National Institute for Standards and Technology (NIST) Gaithersburg, MD -(contact for lab accreditation) 
 (301) 975-4016 

 

 

APENDIX E

 

Respiratory Protection Recommendations

 

EPA recommends that the following guidelines be followed for respiratory protection during various custodial and maintenance tasks. These guidelines are issued to cover tasks that do not always create routine fiber levels high enough to trigger OSHA respiratory protection requirements. Therefore, building owners should note they go beyond OSHA requirements

 

· Routine maintenance where contact with ACM is unlikely. No respiratory protection required. (Air-purifying respirator with high-efficiency filters should be available if needed; half-face or full face piece).

 

· Routine maintenance where there is reasonable likelihood of ACM disturbance. Air-purifying respirator with high efficiency filters (half-face or full face piece).

 

· Maintenance or repair involving intentional small-scale disturbance of ACM. Powered air-purifying respirator with high-efficiency filters or air-purifying respirator with high efficiency filters (half-face or full face-piece). If glove bags are used to contain the ACM during disturbance, either half-face or full face piece air-purifying respirators with high-efficiency filters may be used.

 

· Any O&M activity requiring sawing, cutting, drilling, abrading, grinding, or sanding ACM. (NOTE: specially equipped tools with local exhaust ventilation should be used for these activities. See 29 CFR 1910.) Powered air-purifying respirator with high-efficiency filters, or full face piece, air purifying respirator equipped with high-efficiency filters should be used.

 

· Cleanup after a minor asbestos fiber release. Air-purifying respirator with high-efficiency filters (half-face or full face piece).

 

· Cleanup after a major asbestos fiber release. Air-supplied respirators, either the “Type C” airline respirator equipped with a backup high-efficiency filter or SCBA (Self-Contained Breathing Apparatus).

 

The U.S. EPA, in collaboration with NIOSH, has issued a guidance document, “A Guide to Respiratory Protection for the Asbestos Abatement Industry,” which recommends levels of respiratory protection for those engaged in large-scale asbestos abatement projects that are beyond routine O&M procedures. Air-supplied self-contained and “type C” airline respirators are the focus of the EPAINIOSH document. These respirators allow workers to breathe fresh air supplied through hoses and face masks, and are generally used only by asbestos abatement workers engaged in large-scale asbestos removal projects. They are usually not considered either practical or necessary for most custodial and maintenance jobs.

 

An industrial hygienist or environmental/occupational health professional should assist workers with respirator selection and fitting, and train them in respirator use. Fit-testing (which means determining whether a particular brand and size c respirator properly fits an individual worker) is essential, sine respirators which leak at the face seal provide significantly leg protection. OSHA requires fit-testing initially and every month employees are required to wear a negative pressure respirator for protection against asbestos, or for individual exposed at or above the OSHA-specified limits.

 

A respirator’s effectiveness is also influenced by how it is handled, cleaned, and stored. Custodial and maintenance staff should clean their respirators after each use, and disinfect their respirators at the end of a day’s use. This improves comfort and also reduces the chances of skin irritation or infection after cleaning the respirator, custodial and maintenance staff should place the respirator (with the worker’s name) in a clean and sanitary location and store the unit in a secure place for future use. Respirators should be visually inspected by the use before and after each use, during cleaning and at least monthly when not in use. Inspection records should be maintained accordingly. When the respirator’s high-efficiency filters are discarded, they should be disposed of as asbestos waste.

 

 

APPENDIX F

 

Existing EPA Guidance for Each Step That a Building Owner May Take to Control ACM

 

Action

Appoint Asbestos Program

F. Lanager and Develop an Organizational Policy.

 

Inspect the facility to determine if ACM is present. Take bulk samples of suspect: EM and assess the material’s condition.

 

Establish an O&M program.

 

Implement and Conscientiously Manage the O&M Program; Assess the Potential for Exposure to Asbestos and Select Response Actions.

 

Select and Implement Abatement Actions Other Than O&M When Necessary.

 

Existing EPA Guidance/Regulations*

 

“Guidance for Controlling Asbestos-Containing Materials in Buildings” (“Purple Book”) EPA publication number: 560(5-85-024

 

“Guidance for Controlling Asbestos-Containing Materials in Buildings” (“Purple Book”, chapter 2) EPA publication number: 560/5-85-024

 

“Simplified Sampling Scheme for Surfacing Materials” (“Pink Book”) EPA publication number: 560/5-85-030a

 

“Asbestos-Containing Materials in Schools; Final Rule and Notice” (Asbestos Hazard Emergency Response Act, or AHERA). Federal Register-October 30,1987. (Sections 763.85 to 763.88)

 

Model training course materials for accrediting asbestos building inspectors in accordance with AHERA (inspection/assessment materials).

 

“Purple Book”, Chapter 3

 

AHERA Regulations, Sections 763.91 and 763.92

 

EPA Guidance for Service and Maintenance Personnel. EPA publication number 560(5-85-018

 

“Purple Book”, Chapter 4

 

Model training course materials for accrediting asbestos management planners in accordance with AHERA (assessment materials).

 

AHERA Regulations. Section 763.88 and 793.92

 

“Purple Book”, Chapter 6

 

AHERA Regulations, Section 763.93 (including 763.85 through 763.92)

 

AHERA Regulation. Appendix A: Determining completion of Response Actions-Methods.

 

“Abatement of Asbestos-Containing Pipe Insulation” U.S. EPA; Asbestos-in-Buildings Technical Bulletin 1986-2.

 

 

U.S. EPA National Emission Standards for Hazardous Air Pollutants (NESHAP) Regulations (40 CFR 61)

 

Model training course materials for accrediting asbestos management planners in accordance with AHERA (assessment materials).

 

Most of these guidance materials are available through EPA’s TSCA Assistance Hotline, at (202) 554-1404.

 

 

APPENDIX G

 

Sample List of Suspect Asbestos-Containing Materials

 

	
Cement   Pipes
    	
 
    	
Elevator   Brake Shoes
    
	
Cement   Wallboard
    	
 
    	
HVAC   Duct Insulation
    
	
Cement   Siding
    	
 
    	
Boiler   Insulation
    
	
Asphalt   Floor Tile
    	
 
    	
Breeching   Insulation
    
	
Vinyl   Floor Tile
    	
 
    	
Ductwork   Flexible Fabric Connections
    
	
Vinyl   Sheet Flooring
    	
 
    	
Cooling   Towers
    
	
Flooring   Backing
    	
 
    	
Pipe   Insulation (corrugated air-cell, block, etc.)
    
	
 
    	
 
    	
 
    
	
Construction   Mastics (floor tile, carpet. Ceiling tile)
    	
 
    	
Heating   and Electrical Ducts
    
	
 
    	
 
    	
 
    
	
Acoustical   Plaster
    	
 
    	
Electrical   Panel Partitions
    
	
Decorative   Plaster
    	
 
    	
Electrical   Cloth
    
	
Textured   Paints/Coatings
    	
 
    	
Electric   Wiring Insulation
    
	
Ceiling   Tiles and Lay-in Panels
    	
 
    	
Chalkboards
    
	
Spray-Applied   Insulation
    	
 
    	
Rooting   Shingles
    
	
Blown-in   Insulation
    	
 
    	
Roofing   Felt
    
	
Fireproofing   Materials
    	
 
    	
Base   Flashing
    
	
Taping   Compounds (thermal)
    	
 
    	
Thermal   Paper Products
    
	
Packing   Materials (for wall/floor penetrations)
    	
 
    	
Fire   Doors
    
	
 
    	
 
    	
 
    
	
High   Temperature Gaskets
    	
 
    	
Caulking/Putties
    
	
Laboratory   Hoods/Table Tops
    	
 
    	
Adhesives
    
	
Laboratory   Gloves
    	
 
    	
Wallboard
    
	
Fire   Blankets
    	
 
    	
Joint   Compounds
    
	
Fire   Curtains
    	
 
    	
Vinyl   Wall Coverings
    
	
Elevator   Equipment Panels
    	
 
    	
Spackling   Compounds
    

 

NOTE: This list does not include every product/material that may contain asbestos. It is intended as a general guide to show which types of materials may contain asbestos.

 

 

APPENDIX H

 

References

 

USEPA. 1984. U.S. Environmental Protection Agency. National Emission Standards for Hazardous Air Pollutants. 40 CPR 61, April 5,1984.

 

USEPA. 1985. U.S. Environmental Protection Agency. Measuring airborne asbestos following an abatement action. Washington DC: USEPA. EPA 600/4-85-049. (“Silver Book”)

 

USEPA. 1985. U.S. Environmental Protection Agency. Asbestos in buildings: Simplified sampling scheme for surfacing materials. Washington DC: USEPA. EPA 560/5-85-030A. (“Pink Book”)

 

USEPA. 1985. U.S. Environmental Protection Agency. Guidance for controlling asbestos-containing materials in buildings. Washington DC: EPA 560(5-85-024. (“Purple Book”)

 

USEPA. 1985. U.S. Environmental Protection Agency. Asbestos in buildings: Guidance for service and maintenance personnel Washington DC: EPA 560/5-85-018. (“Custodial Pamphlet”).

 

USEPA. 1986. U.S. Environmental Protection Agency. Abatement of asbestos-containing pipe insulation. Washington DC: Technical Bulletin No. 1986-2.

 

USEPA. 1986. U.S. Environmental Protection Agency_ A guide to respiratory protection for the asbestos abatement industry. Washington DC: EPA 560{OPTS-86-001.

 

USEPA. 1987. Asbestos Abatement Projects; Worker Protection, Final Rule. 40 763. February 1987.

 

USEPA. 1987. U.S. Environmental Protection Agency. Asbestos Containing Materials in Schools; Final Rule and Notice. 40 CPR 763. Federal Register, October 30 1987.

 

USEPA. 1988. EPA Study of Asbestos-Containing Materials in Public Buildings: Report to Congress, February 1988.

 

USEPA. 1989. Asbestos Ban and Phase-out Rule. 40 CPR 763.160 to 763.179, Federal Register, July 12 1989.

 

USEPA. 1989. Guidelines for Conducting the AHERA TEM Clearance Test to Determine Completion of an Asbestos Abatement Project, Washington DC: EPA 560 (5-89-001.)

 

USEPA 1989. Transmission Electron Microscopy Asbestos Laboratories: Quality Assurance Guidelines, Washington DC: EPA 560{5-90-002.

 

U.S. Department of labor: OSHA Regulations. 29 CFR 1910.1001¬General Industry Asbestos Standards and 29 CFR 1926.58 Construction Industry Asbestos Standard, June 1986; Amended September 1988.

 

U.S. Department of Labor: OSHA Regulations. 29 CFR 1910.134 ¬Respiratory Protection Standard, June 1974.

 

Keyes, Dale L. and Chesson, Jean. 1989. A Guide to Monitoring Airborne Asbestos in Buildings. Environmental Sciences, Inc., 105 E. Speedway Blvd., Tucson, Arizona  5705.

 

 

APPENIX I

 

Signs

 

1.             Signs must be posted in or near areas where there is known or presumed ACM or PACM. The signs must be posted at a distance that will allow workers to read them and take protective steps before entering the area marked by the signs.

The signs must read:

 

DANGER ASBESTOS CANCER AND LUNG DISEASE HAZARD AUTHORIZED PERSONNEL ONLY

 

2.             If respirators and protective clothing are required in a regulated area, the warning signs must also include the following:

 

RESPIRATORS AND PROTECTIVE CLOTHING ARE REQUIRED IN TIDS AREA

 

3.             Warning labels must be affixed, if feasible, to known ACM or PACM and to all known or presumed asbestos containing scrap, waste, debris, raw materials, or their containers.

 

The warning labels must read:

 

DANGER CONTAINS ASBESTOS FIBERS AVOID CREATING DUST CANCER AND LUNG DISEASE HAZARD

 

 

APPINDIX J

 

Exposure Assessment

 

An exposure assessment shall be conducted immediately before or at the initiation of the operation of work directly involving or in the vicinity of ACM or PACM. The assessment must be completed in time to comply with the requirements which are triggered by exposure data or the lack of a negative exposure assessment and to provide information necessary to assure that all controls planned are appropriate for that operation and will work properly.

 

The exposure assessment shall be based on monitoring. The assessment shall take into consideration both monitoring results and all observations, information or calculations which indicate employee exposure to asbestos, including any previous monitoring conducted in the workplace, or of the operations of the employer which indicate the levels of airborne asbestos likely to be encountered on the job.

 

Negative Exposure Assessment

 

For anyone specific asbestos job which will be performed by employees who have been trained in compliance with the standard, the employer may demonstrate that employee exposures will be below the PEL’s by data which conform to the following criteria:

 

a)             Objective data demonstrating that the product or material containing asbestos minerals or the activity involving such product or material cannot release airborne fibers in concentrations exceeding the PEL’s under those work conditions having the greatest potential for releasing asbestos.

 

b)            Where the employer has monitored prior asbestos jobs for the PEL and the excursion limit within 12 months of current or projected job, the monitoring and analysis were performed in the compliance with the standard in effect; and the data were obtained during work operations conducted under workplace conditions closely resembling the processes, type of material control methods, work practices, and environmental conditions used and prevailing in the employer’s current operations, the operations were conducted by employees whose training and experience are no more extensive than that of employees performing the current job, and these data show that under the conditions prevailing and which will prevail in that current workplace there is a high degree of certainty that employee exposures will not exceed the PEL’s.

 

c)             The results of initial exposure monitoring of the current job made from breathing zone air samples that are representative of the PEL’s of each employee covering operations which are most likely during the performance of the entire asbestos job to result in exposures over the PEL’s.

 

 

APPENDIX K

 

Training Providers

 

1. Medical College of Virginia Dept. of Preventative Medicine Richmond, VA 804-786-9785

 

2. Industrial Training Company Richmond, VA 804-648-7836

 

3. National Asbestos Training Center University of Kansas Overland Park, KS 913-491-0181

 

4. White Lung Association 410-243-5864

 

5. Mantech Environmental Corp. Rockville, MD 301-315-0080

 

Training Videos

 

1. NUS Training Corp. Gaithersburg, MD 800-338-1505

 

2. Summit Training Source Inc. Grand Rapids, MI 800-842-0466

 

3. Asbestos Control Technology Inc. Pennsauken, NJ 800-228-3282

 

Safety Equipment

 

1. H.B. Fuller Co. (encapsulants) Houston, TX 713-926-3125

 

2. Asbestos Control Technology Inc. Pennsauken, NJ 800-228-3282

 

3. Abatement Technologies Inc. Duluth, GA 800-634-9091

 

 

Schedule 5.10

 

[FORM OF}

JOINDER AGREEMENT

 

THIS JOINDER AGREEMENT (this “Agreement”),  dated as of                   ,             , is by and among                                   , a                                              (the “Subsidiary Guarantor”), The Pep Boys - Manny, Moe & Jack, a Pennsylvania corporation (the “Borrower”), and  Wacho\<ia Bank, National  Association,  in its capacity  as administrative  agent  under  that (certain  Credit  Agreement  (the “Administrative  Agent”),  dated  as  of  October  U, 2006  (as amended,  restated, amended  and restated, or otherwise  modified, the ‘‘Credit  Agreement”),  by and  among  the Borrower,  the Domestic Subsidiaries of the Borrower from time to time party thereto (the “Guarantors”), the Lenders from time to time party thereto, and the Administrative Agent.     Capitalized  terms  used  herein  but  not  otherwise  defined  shall  have  the  meanings provided in the Credit Agreement.

 

The Subsidiary  Guarantor  is an Additional Credit  Party, and, consequently,  the Credit Parties are required by Section 5.10 of the Credit Agreement to cause the Subsidiary Guarantor to become a “Guarantor” thereunder.

 

Accordingly,  the Subsidiary  Guarantor  and the Borrower hereby agree as follows with the Administrative Agent, for the benefit of the Lenders:

 

1.             The Subsidiary Guarantor hereby acknowledges, agrees and confirms that, by its execution  of this Agreement,  the Subsidiary  Guarantor will be deemed  to be a party to and a “Guarantor” under the Credit Agreement and shall  have all of the obligations  of a Guarantor thereunder as if it had executed the Credit Agreement.  The Subsidiary Guarantor hereby agrees to be bound by all of the terms, provisions and conditions contained in the applicable Credit Documents, including without limitation (a) all of the representations and warranties set forth in Article III of the Credit Agreement and (b) aU of the affirmative and negative covenants set forth in Articles V and VI of the Credit Agreement.   Without limiting the generality of the foregoing terms  of this  Paragraph  1, the  Subsidiary  Guarantor  hereby  guarantees,  jointly  and severally together  with  the  other  Guarantors,  the  prompt  payment  of  the  Credit  Party  Obligations  m accordance with Article X of the Credit Agreement.

 

2.             The Subsidiary Guarantor acknowledges and confirms that it has received a copy of  the  Credit  Agreement  and  the  schedules  and  exhibits  thereto.    The  information  on  the schedules  to the Credit Agreement are hereby supplemented  (to the extent permitted under the Credit Agreement) to reflect the infom1ation shown on the attached Schedule A.

 

3.             The Borrower confirms  that the Credit  Agreement  is, and upon the Subsidiary Guarantor becoming a Guarantor, shall continue to be, in full force and effect.  The parties hereto confirm  and agree that immediately  upon the Subsidial}’ Guarantor  becoming a Guarantor the term “Credit Party Obligations,” as used in the Credit Agreement, shall include all obligations of the Subsidiary Guarantor under the Credit Agreement and under each other Credit Document.

 

 

4.             Each of the Borrower and the Subsidiary Guarantor agrees that at any time and from time to time, upon the written request of the Administrative Agent, it will execute and deliver such further documents and do such further acts as the Administrative Agent may reasonably request in accordance with the terms and conditions of the Credit Agreement in order to effect the purposes of this Agreement.

 

5.             This Agreement may be executed in two or more counterparts, each of  which shall constitute an original but all of which when taken together shall constitute one contract.

 

6.             This Agreement shall be governed by and construed and enforced in accordance with the laws ofthe State of New York (including Sections 5 1401 and 5-1402 of The New York General Obligations Law).  The terms of Sections 9.14 and 9.17 of the Credit Agreement are incorporated herein by reference, mutatis mutandis, and the parties hereto agree to such terms.

 

(REMAINDER OF PAGE INTENTIONALLY LEFT BLANK}

 

 

IN WITNESS WHEREOF, each of the Borrower and the Subsidiary Guarantor has caused this Agreement to be duly executed by its authorized officer, and the Administrative Agent, for the benefit of the Lenders, has caused the same to be accepted by its authorized officer, as of the day and year first above written.

 

	
SUBSIDIARY   GUARANTOR:
    	
[SUBSIDIARY   GUARANTOR]
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
Name=
    	
 
    
	
 
    	
Titlc:
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
BORROWER:
    	
THE   PEP BOYS MANNY, MOE & JACK, a Pennsylvania corporation
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
Nan1e:
    	
 
    
	
 
    	
Title:
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Acknowledged,   accepted and agreed:
    	
 
    
	
 
    	
 
    
	
WACHOVIA   BANK, NATIONAL ASSOCIATION, as Administrative Agent
    	
 
    
	
 
    	
 
    
	
I3y:
    	
 
    	
 
    
	
Name:
    	
 
    	
 
    
	
Title:
    	
 
    	
 
    
					

 

 

SCHEDULE A

to

Joinder Agreement

 

Schedules to Credit Agreement

 

 

Schedule 5.15 -Post-Closing Surveys

 

	
10
    
	
54
    
	
74
    
	
79
    
	
90
    
	
103
    
	
108
    
	
l16
    
	
141
    
	
146
    
	
147
    
	
151
    
	
152
    
	
164
    
	
184
    
	
185
    
	
214
    
	
236
    
	
259
    
	
269
    
	
277
    
	
337
    
	
375
    
	
383
    
	
426
    
	
504
    
	
551
    
	
645
    
	
661
    
	
674
    
	
698
    
	
713
    
	
716
    
	
717
    
	
721
    
	
726
    
	
737
    
	
743
    
	
754
    
	
756
    
	
758
    
	
764
    
	
769
    
	
779
    
	
788
    
	
791
    
	
818
    
	
824
    
	
856
    
	
924
    

 

 

Schedule 6.1(b) - Indebtedness

 

	
Description
    	
 
    	
Balance($)
    	
 
    
	
Miscellaneous Mortgages
    	
 
    	
 
    	
 
    
	
Gale/Ida Cook (Store #65) 
    	
 
    	
272,760
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Capital Leases
    	
 
    	
 
    	
 
    
	
Miscellaneous 
    	
 
    	
763,739
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Congress Revolver 
    	
 
    	
Up to 400,000,000
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
7.5%   Senior Subordinated Notes 
    	
 
    	
200,000,000
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Colchester Note 
    	
 
    	
80,000,000
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
PNC VISA Purchasing Card Agreement
    	
 
    	
Up to 7,500,000
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
GMAC   Trade Payables Agreement 
    	
 
    	
Up to 50,000,000
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Synthetic Leases
    	
 
    	
 
    	
 
    
	
Lombard Equipment Lease 
    	
 
    	
Up to 35,000,000
    	
 
    
	
WDC Synthetic Lease Facilit
    	
 
    	
132,000,000
    	
 
    

 

 

Schedule 6.5 - Existing Loans, Advances and Guarantees

 

None

 

 

Schedule 6.9- Existing Encumbrances and Restrictions

 

None

 

 

Schedule 9.6(c)

 

[FORM OF]

ASSIGNMENT AGREEMENT

 

This  Assignment  Agreement  (the  “Assignment  and  Assumption”)  is  dated  as  of  the Effective Date set forth below and is entered into by and between [the][each] Assignor identified in item I   below ([theJLeach, an] ‘‘Assignor”)  and [the][each] Assignee identitled in item 2 below ([the][each, an] “Assignee”).   [It is understood and agreed that the rights and obligations of [the Assignors][the Assignees] hereunder are several and not joint.f    Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement idcntitled below (as amended,  the “Credit  Agreement”),  receipt  of  a  copy  of  which  is  hereby  acknowledged  by [the][each) Assignee. The Standard Terms and Conditions set forth in Aru1ex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full.

 

For an agreed consideration, [the][each) Assignor hereby irrevocably sells and assigns to [the Assignee][the respective Assignees), and [the][eachJ Assignee hereby irrevocably purchases and assumes from [the Assignor][the respective Assignors], subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of [the Assignor’s][the  respective Assignors’] rights and obligations in [its capacity as a Lender][their respective capacities as Lenders] under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of [the Assignor][the  respective Assignors] under the respective  facilities identified below (including  without  limitation  any guarantees included in such facilities)  and (ii)  to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other  right of  [the  Assignor  (in  its  capacity  as  a  Lender)][the  respective  Assignors (in  their respective capacities as Lenders)] against any Person, whether known or unknown, arising under or in  connection  with  the  Credit  Agreement,  any  other  documents  or  instruments  delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims,  malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and  assigned  pursuant  to  clause  (i)  above  (the  rights  and  obligations  sold  and  assigned  by [the][any] Assignor to [the][any] Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as [the][an] “Assigned  Interest”).   Each such sale and assignment is without recourse  to  [the][any]  Assignor  and,  except  as  expressly  provided  in  this  Assigrunent  and Assumption, without representation or warranty by [theJ[any] Assignor.

 

1.             Assignor[s]:

 

 

2.             Assignee[s]:

 

 

[for each Assignee, indicate [Affiliate][Approvcd Fund] of [identify Lender]

 

‘Include bracketed language if there are either multiple Assignors or multiple Assignees.

 

 

	
3.
    	
 
    	
Borrower:
    	
 
    	
The   Pep Boys- Manny, Moe & Jack, a Pennsylvania corporation
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
4.
    	
 
    	
Administrative   Agent:
    	
 
    	
Wachovia Bank, National Association, as the   administrative agent under the Credit Agreement.
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
5.
    	
 
    	
Credit   Agreement:
    	
 
    	
The   Amended and Restated Credit Agreement dated as of October (U. 2006), (among   The Pep Boys — Manny), (Moe & Jack), (a) Pennsylvania corporation, the   Domestic Subsidiaries of the Borrower from time to time party thereto, the   lenders and other financial institutions from time to time party thereto, and   Wachovia Bank, National Association, as Administrative Agent.
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
6.
    	
 
    	
Assigned   lnterest[s]:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	

    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
[7.
    	
 
    	
Trade   Date:
    	
 
    	
                                 js
    

 

Effective Date:                          , 20  .

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

‘To be completed if the Assignor(s) and the Assignee(s) intend that the minimum assignment amount is to be determined as of the Trade Date.

 

 

The terms set forth in this Assignment and Assumption are hereby agreed to:

 

	
 
    	
 
    	
ASSIGNOR[Sl
    
	
 
    	
 
    	
[NAME   OF ASSIGNOR]
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Title:
    

 

 

	
 
    	
 
    	
ASSIGNEE[SJ
    
	
 
    	
 
    	
[NAME   OF ASSIGNEE]
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Title:
    

 

 

	
[Consented to and) Accepted:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
WACHOVJA BANK, NATIONAL ASSOCIATION,. as
    	
 
    	
 
    
	
Administrative Agent
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
By
    	
 
    	
 
    	
 
    
	
Title:
    	
 
    	
 
    

 

 

	
[Consented to:]
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
[NAME OF RELEVANT PARTY]
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
By
    	
 
    	
 
    	
 
    
	
Title:
    	
 
    	
 
    

 

 

Al-..TNEX 1

 

STANDARD TERMS AND CONDITIONS FOR
 ASSIGNMENT AND ASSUMPTION

 

1.               Representations and Warranties.

 

1.1              Assignor[s].  [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][the relevant] Assigned Interest, (ii) [the][such) Assigned Interest is fre.e and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the. Credit Agreement or any other Credit Document, (ii) the execution, legality, validity,  enforceability,  genuineness,  sufficiency or value of the Credit Documents or any collateral thereunder, (iii) the financial condition of the Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Credit Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Credit Document.

 

1.2.           Assignee[s].  [The][Each] Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assigmnent and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all the requirements to be an assignee under Section 9.6 of the Credit Agreement (subject to such consents, if any, as may be required under Section 9.6(b)(iii) of the Credit Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest and either it, or the person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 5.1 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [theJfsuchJ Assigned Interest, (vi) it has, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the] [such] Assigned Interest, and (vii) if it is a Foreign Lender, attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by [the][such] Assigm:e; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, [the][any] Assignor or any other Lender, 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 Documents, and (ii) it will perfom1 in accordance with their tenus all of the

 

 

obligations which by the terms of the Credit Documents are required to be performed by it as a Lender.

 

2.               Payments.  From and after the Effective Date, the Administrative Agent shall make all payments in respect of [the][each] Assigned Interest (including payments of principal, interest, fees and other amounts) to [the}[the relevant} Assignor for amounts which have accrued to but excluding the Effective Date and to [the][the relevant} Assignee for amounts which have accrued from and after the Effective Date.

 

3.               General Provisions.  This Assigrunent and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns.  This Assignment and Assumption may be executed in any number of counterparts,  which together shall constitute one instrument.  Delivery of an executed counterpart of a signature page of this Assignment and Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption.  This Assignment and Assumption shall be governed by, and construed in accordance with, the law of the State ofNew York.

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