Document:

Form of Loan Indemnification Agreement (Elco)

 Exhibit 10.35 
 FORM OF 
 LOAN INDEMNIFICATION AGREEMENT 

[[Property Name]] 
 This LOAN INDEMNIFICATION AGREEMENT (this “Agreement”) is made as of the             day of
            , 2012, by Landmark Apartment Trust of America, Inc. (f/k/a Apartment Trust of America, Inc.), a Maryland corporation (“LAT”) and Landmark Apartment
Trust of America Holdings, L.P. (f/k/a Apartment Trust of America Holdings, L.P.), a Virginia limited partnership, (“LAT Holdings” and, together with LAT, the “LAT Parties” or the
“Indemnitor”), in favor of the Guarantor. 
 RECITALS: 

A. Pursuant to that certain Master Contribution and Recapitalization Agreement by and among Indemnitor, Elco Landmark Residential
Holdings LLC, a Delaware limited liability company (“EL”) and Elco Landmark Residential Management LLC, a Delaware limited liability company (“ELRM” and, together with EL, the “EL
Parties”), dated as of             , 2012 (the “Master Agreement”), the EL Parties are contributing to LAT Holdings and LAT Holdings is accepting, all
of their direct or indirect ownership interests (as applicable) (the “Contribution”) in the Property. 

B. The Property is currently encumbered by the Mortgage as security for the Loan. 

C. Guarantor previously gave the Guaranty in order to induce Lender to make the Loan. 

D. Lender has consented to the Contribution and the Loan, Mortgage, and Guaranty will remain in place after the Contribution. 

E. In connection with the Contribution, Indemnitor has agreed to indemnify Guarantor for its obligations under the Guaranty, and the LAT
Parties, the EL Parties, and the Guarantor have agreed to use good faith efforts to replace the Guaranty after the Contribution, all as more particularly described herein. 
 F. Capitalized terms used in this Agreement shall have the meanings ascribed to them in Schedule 1 attached hereto or as they appear elsewhere in this Agreement. 

NOW, THEREFORE, in consideration of the foregoing, and other valuable consideration, the receipt and adequacy of which is hereby
acknowledged, Indemnitor agrees as follows: 
 1. Indemnification and Reimbursement of Guarantor. 

(a) Indemnitor, jointly and severally, hereby indemnifies and agrees to hold Guarantor harmless from and against any and all costs,
losses, damages, claims and expenses (including but not limited to reasonable attorneys’ fees and other third-party expenses) 

  
 1 

 
(collectively, “Losses”) incurred by Guarantor under the Guaranty from and after the date of the Master Agreement, including without limitation any of the foregoing incurred in
connection with enforcing this Agreement. 
 (b) In the event any sums are paid by the Guarantor under or on account of the
Guaranty, the Guarantor shall be entitled to immediate reimbursement from the Indemnitor for such sum, and any amount so due the Guarantor, if not paid within five (5) days after demand therefor, shall bear interest at an annual rate equal to
the prime rate as published from time to time by The Wall Street Journal (or if the Wall Street Journal ceases to publish a prime rate, then the 14-day moving average closing trading price of 90 day Treasury bills), plus 2% per annum, such
interest accruing daily and compounding monthly. 
 (c) Notwithstanding the foregoing, Guarantor shall not be entitled to
indemnification or reimbursement under this Agreement for any Losses to the extent that such Losses are due to the gross negligence, fraud, intentional misrepresentation, willful misconduct, bad faith, misappropriation, or any criminal act of
Guarantor. 
 2. In the event of a claim for indemnity or reimbursement hereunder, the Guarantor shall provide reasonable notice
to the Indemnitor of the existence of any such claim, demand or other matters to which the indemnification obligations hereunder would apply, and the Guarantor agrees to give the Indemnitor a reasonable opportunity to participate in the defense of
the same at the Indemnitor’s own cost and expense and with counsel of the Indemnitor’s own selection. 
 3. Separate
and successive actions may be brought hereunder to enforce any of the provisions hereof at any time and from time to time. No action hereunder shall preclude any subsequent action. In no event shall any provisions of this Agreement be deemed to be a
waiver of or to be in lieu of any right or claim, including, without limitation, any right of contribution or other right of recovery, that any party to this Agreement might otherwise have against any other party to this Agreement. 

4. The LAT Parties, the EL Parties, and the Guarantor hereby agree to cooperate with each other and to use good faith efforts to replace
the Guaranty with a guarantee in substantially the same form as the Guaranty to be made by an Affiliate (as defined in the Master Agreement) of the LAT Parties acceptable to Lender (a “Replacement Guaranty”). If and when a Replacement
Guaranty has been delivered to and accepted by Lender, this Agreement will terminate automatically solely with respect to matters first arising from and after the date of the Replacement Guaranty. 

5. If any term of this Agreement or any application thereof shall be invalid, illegal or unenforceable, the remainder of this Agreement
and any other application of such term shall not be affected thereby. No delay or omission in exercising any right hereunder shall operate as a waiver of such right or any other right. 

6. The rights and remedies herein provided are cumulative and not exclusive of any rights or remedies otherwise provided to the parties
hereto by law or by any other agreement to which the parties hereto are bound. 

  
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 7. Except as expressly set forth in Section 1(c) above, the reimbursement and
indemnification obligations of Indemnitor hereunder are absolute, irrevocable, and unconditional, irrespective of the value, genuineness, validity, regularity or enforceability of the obligations giving rise to the payment of the Losses or any
agreement or instrument relating thereto, or any substitution, release or exchange of any other guarantee of or security for any obligation, and, to the fullest extent permitted by applicable law, irrespective of any other circumstance whatsoever
which might otherwise constitute a legal or equitable discharge or defense of a surety or guarantor; it being the intent of the parties hereto that such obligations shall be absolute and unconditional under any and all circumstances. With respect to
its obligations hereunder, except with respect to the notices required by this Agreement, Indemnitor hereby expressly waives diligence, presentment, demand of payment, protest and all notices whatsoever, and any requirement that any other party
exhaust any right, power or remedy or proceed against any Person. 
 8. The obligations of Indemnitor hereunder shall be
automatically reinstated if and to the extent that for any reason any payment by or on behalf of Indemnitor in respect of any obligation hereunder is rescinded or must be otherwise restored by the Person receiving such payment, whether as a result
of any proceedings in bankruptcy or reorganization or otherwise. 
 9. This Agreement shall be binding upon each of the parties
and each party’s respective executors, heirs, successors and assigns (including without limitation any entity or entities that are their respective corporate, partnership or other successors and assigns) and shall inure to the benefit of
Guarantor and its successors and assigns. 
 10. Notices given hereunder shall be given by postage paid, registered or certified
mail, return receipt requested, or by recognized national overnight courier service, to the address of Indemnitor as set forth on Schedule 2, or to such other address as Indemnitor may designate in a writing given in the manner provided in this
paragraph. 
 11. This Agreement shall be governed by, and interpreted in accordance with, the laws of the State of New York
(but without regard to its conflicts of laws principles other than Sections 5-1401 and 5-1402 of the New York General Obligation Law). 
 12. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original for all purposes. 
 [Signatures On Following Pages] 

  
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 IN WITNESS WHEREOF, Indemnitor and Guarantor have executed this Agreement as an instrument
under seal as of the day and date first written above. 
 INDEMNITOR: 

 

					
	LANDMARK APARTMENT TRUST OF AMERICA, INC.
		
	 By:
	 	  

			
		 	 Name:
	 	  

			
		 	 Title:
	 	  

  

							
	 LANDMARK APARTMENT TRUST OF AMERICA HOLDINGS, L.P.

			
	 By:
	  	Landmark Apartment Trust of America, Inc.,	  	
		  	its general partner	  	
			
		  	By: _______________________________	  	
				
		  		  	Name: ________________________________	  	
				
		  		  	Title: _________________________________	  	

 [Signatures continue on following page] 

[Indemnitor Signature Page to Loan Indemnification Agreement – [insert Property Name]] 

 GUARANTOR: 
 [Insert Signature Block of Guarantor] 
  

					
	 By:
	 	  

			
		 	Name:	 	  

			
		 	Title:	 	  

 [Guarantor Signature Page to Loan Indemnification Agreement – [insert Property Name]]

 SCHEDULE 1 
 “Guarantor” shall mean
                                        , a
                                        

 “Property” shall mean [insert location of property] 
 “Lender” shall mean
                                        , a
                                        

 “Loan” shall mean Loan from Lender to
                    , a
                    (“Borrower”), as evidenced by that certain [Promissory Note] dated
            , by Borrower in the original principal amount of                     

 “Mortgage” shall mean that certain [Deed of Trust/Mortgage] dated as of
                    and affecting the Property. 
 “Guaranty” shall mean that certain [Guaranty Agreement] dated as of
                    , by Guarantor in favor of Lender[; and Environmental Indemnification Agreement dated as of
                    by Guarantor in favor of Lender] 

  
 Loan
Indemnification Agreement – [insert property name] – Schedule 1 

 SCHEDULE 2 

Notice Addresses 
  

							
	Indemnitor:	 	Guarantor:
		 	Landmark Apartment Trust of America, Inc.	 		  	[insert Guarantor address]
		 	4901 Dickens Road, Suite 101	 		  	Attention:
		 	Richmond, Virginia 23230	 		  	Fax:
		 	Attention: Stanley J. Olander, Jr.	 		  	Email:
		 	Fax: (804) 237-1345	 		  	
		 	Email: jolander@atareit.com	 	with copies, in the case of notice, to:
				
		 		 		  	[insert additional copy address]
	with copies, in the case of notice, to:	 		  	Attention:
		 	Hunton & Williams LLP	 		  	Fax:
		 	Riverfront Plaza, East Tower	 		  	Email:
		 	951 East Byrd Street	 		  	
		 	Richmond, Virginia 23219	 		  	
		 	Attention: Daniel M. LeBey, Esq.	 		  	
		 	Fax: (804) 788-8218	 		  	
		 	Email: dlebey@hunton.com	 		  	

  
 Loan
Indemnification Agreement – [insert property name] – Schedule 2Form of Loan Indemnification Agreement (DeBartolo)

 Exhibit 10.36 
 LOAN INDEMNIFICATION AGREEMENT 
 ESPLANDE APARTMENTS 

This LOAN INDEMNIFICATION AGREEMENT (this “Agreement”) is made as of the
            day of             , 2012, by Landmark Apartment Trust of America, Inc. (f/k/a Apartment Trust of America, Inc.), a
Maryland corporation (“ATA”) and Landmark Apartment Trust of America Holdings, L.P. (f/k/a Apartment Trust of America Holdings, L.P.), a Virginia limited partnership, (“ATA Holdings” and, together with ATA, the “ATA
Parties” or the “Indemnitor”), in favor of DeBartolo Real Estate Investments, LLC, a Florida limited liability company (the “Guarantor”). 
 RECITALS: 
 A. Pursuant to that certain Interest Contribution Agreement by
and among Indemnitor and DK Esplanade, LLC, a Florida limited liability company and DK Esplanade II, LLC, a Florida limited liability company (collectively “DK”), dated as of
            , 2012 (the “Agreement”), DK is contributing to ATA Holdings and ATA Holdings is accepting, all of its direct or indirect ownership interests (as applicable) (the
“Contribution”) in Esplanade Apartments, LLC, a Florida limited liability company (“Owner”) to Owner of the Property. 
 B. The Property is currently encumbered by the Mortgage as security for the Loan. 

C. Guarantor previously gave the Guaranty in order to induce Lender to make the Loan. 

D. Lender has consented to the Contribution and the Loan, Mortgage, and Guaranty will remain in place after the Contribution. 

E. In connection with the Contribution, Indemnitor has agreed to indemnify Guarantor for its obligations under the Guaranty, and the ATA
Parties, the EL Parties, and the Guarantor have agreed to use good faith efforts to replace the Guaranty after the Contribution, all as more particularly described herein. 
 F. Capitalized terms used in this Agreement shall have the meanings ascribed to them in Schedule 1 attached hereto or as they appear elsewhere in this Agreement. 

NOW, THEREFORE, in consideration of the foregoing, and other valuable consideration, the receipt and adequacy of which is hereby
acknowledged, Indemnitor agrees as follows: 

  
 1 

 1. Indemnification and Reimbursement of Guarantor. 

(a) Indemnitor, jointly and severally, hereby indemnifies and agrees to hold Guarantor harmless from and against any and all costs,
losses, damages, claims and expenses (including but not limited to reasonable attorneys’ fees and other third-party expenses) (collectively, “Losses”) incurred by Guarantor under the Guaranty from and after the date of the Agreement,
including without limitation any of the foregoing incurred in connection with enforcing this Agreement. 
 (b) In the event any
sums are paid by the Guarantor under or on account of the Guaranty, the Guarantor shall be entitled to immediate reimbursement from the Indemnitor for such sum, and any amount so due the Guarantor, if not paid within five (5) days after demand
therefor, shall bear interest at an annual rate equal to the prime rate as published from time to time by The Wall Street Journal (or if the Wall Street Journal ceases to publish a prime rate, then the 14-day moving average closing trading price of
90 day Treasury bills), plus 2% per annum, such interest accruing daily and compounding monthly. 
 (c) Notwithstanding the
foregoing, Guarantor shall not be entitled to indemnification or reimbursement under this Agreement for any Losses to the extent that such Losses are due to the gross negligence, fraud, intentional misrepresentation, willful misconduct, bad faith,
misappropriation, or any criminal act of Guarantor. 
 2. In the event of a claim for indemnity or reimbursement hereunder, the
Guarantor shall provide reasonable notice to the Indemnitor of the existence of any such claim, demand or other matters to which the indemnification obligations hereunder would apply, and the Guarantor agrees to give the Indemnitor a reasonable
opportunity to participate in the defense of the same at the Indemnitor’s own cost and expense and with counsel of the Indemnitor’s own selection. 
 3. Separate and successive actions may be brought hereunder to enforce any of the provisions hereof at any time and from time to time. No action hereunder shall preclude any subsequent action. In no event
shall any provisions of this Agreement be deemed to be a waiver of or to be in lieu of any right or claim, including, without limitation, any right of contribution or other right of recovery, that any party to this Agreement might otherwise have
against any other party to this Agreement. 
 4. The ATA Parties, and the Guarantor hereby agree to cooperate with each other
and to use good faith efforts to replace the Guaranty with a guarantee in substantially the same form as the Guaranty to be made by an Affiliate (as defined in the Agreement) of the ATA Parties acceptable to Lender (a “Replacement
Guaranty”). If and when a Replacement Guaranty has been delivered to and accepted by Lender, this Agreement will terminate automatically solely with respect to matters first arising from and after the date of the Replacement Guaranty.

 5. If any term of this Agreement or any application thereof shall be invalid, illegal or unenforceable, the remainder of this
Agreement and any other application of such term shall not be affected thereby. No delay or omission in exercising any right hereunder shall operate as a waiver of such right or any other right. 

  
 2 

 6. The rights and remedies herein provided are cumulative and not exclusive of any rights
or remedies otherwise provided to the parties hereto by law or by any other agreement to which the parties hereto are bound. 

7. Except as expressly set forth in Section 1(c) above, the reimbursement and indemnification obligations of Indemnitor hereunder
are absolute, irrevocable, and unconditional, irrespective of the value, genuineness, validity, regularity or enforceability of the obligations giving rise to the payment of the Losses or any agreement or instrument relating thereto, or any
substitution, release or exchange of any other guarantee of or security for any obligation, and, to the fullest extent permitted by applicable law, irrespective of any other circumstance whatsoever which might otherwise constitute a legal or
equitable discharge or defense of a surety or guarantor; it being the intent of the parties hereto that such obligations shall be absolute and unconditional under any and all circumstances. With respect to its obligations hereunder, except with
respect to the notices required by this Agreement, Indemnitor hereby expressly waives diligence, presentment, demand of payment, protest and all notices whatsoever, and any requirement that any other party exhaust any right, power or remedy or
proceed against any Person. 
 8. The obligations of Indemnitor hereunder shall be automatically reinstated if and to the extent
that for any reason any payment by or on behalf of Indemnitor in respect of any obligation hereunder is rescinded or must be otherwise restored by the Person receiving such payment, whether as a result of any proceedings in bankruptcy or
reorganization or otherwise. 
 9. This Agreement shall be binding upon each of the parties and each party’s respective
executors, heirs, successors and assigns (including without limitation any entity or entities that are their respective corporate, partnership or other successors and assigns) and shall inure to the benefit of Guarantor and its successors and
assigns. 
 10. Notices given hereunder shall be given by postage paid, registered or certified mail, return receipt requested,
or by recognized national overnight courier service, to the address of Indemnitor as set forth on Schedule 2, or to such other address as Indemnitor may designate in a writing given in the manner provided in this paragraph. 

11. This Agreement shall be governed by, and interpreted in accordance with, the laws of the State of New York (but without regard to its
conflicts of laws principles other than Sections 5-1401 and 5-1402 of the New York General Obligation Law). 
 12. This
Agreement may be executed in any number of counterparts, each of which shall be deemed an original for all purposes. 

  
 3 

 SIGNATURE PAGES FOLLOW IMMEDIATELY HEREINAFTER. 

  
 4 

 IN WITNESS WHEREOF, Indemnitor and Guarantor have executed this Agreement as an instrument
under seal as of the day and date first written above. 
 INDEMNITOR: 
 LANDMARK APARTMENT TRUST OF AMERICA, INC. 
  

					
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

 LANDMARK APARTMENT TRUST OF AMERICA HOLDINGS, L.P. 

 

			
	By:	 	 Apartment Trust of America, Inc.,
 its general partner

  

					
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

 [Signatures continue on following page] 

  
 5 

 GUARANTOR: 
 DEBARTOLO REAL ESTATE INVESTMENTS, LLC, a 
 Florida limited liability company 

By: DEBARTOLO DEVELOPMENT, LLC, its Manager 
  

			
	By:	 	  

		 	 Edward M. Kobel, Manager

  
 6 

 SCHEDULE 1 
 “Guarantor” shall mean DeBartolo Real Estate Investments, LLC, a Florida limited liability company. 
 “Lender” shall mean Federal Home Loan Mortgage Corporation. 

“Loan” shall mean Loan from Lender to Esplanade Apartments, LLC, a Florida limited liability company (“Borrower”), as
evidenced by that certain Promissory Note dated November 21, 2011, by Borrower in the original principal amount of $9,150,000.00. 

“Mortgage” shall mean that certain Mortgage dated as of November 21, 2011 and affecting the Property. 

“Guaranty” shall mean that certain Guaranty Agreement dated as of November 21, 2011, by Guarantor in favor of Lender.

  
 7 

 SCHEDULE 2 

Notice Addresses 
  

			
		
	Indemnitor:	  	Guarantor:
		
	Apartment Trust of America, Inc.	  	DeBartolo Real Estate Investments, LLC
	4901 Dickens Road, Suite 101	  	15436 N. Florida Avenue
	Richmond, Virginia 23230	  	Suite 200
	Attention: Stanley J. Olander, Jr.	  	Tampa, Florida 33613
	Fax: (804) 237-1345	  	Attention: James D. Palermo, Esquire
	Email. jolander@atareit.com	  	Fax: (813) 908-2206
		  	Email: jpalermo@DeBartoloHoldings.com
		
	with copies, in the case of notice, to:	  	with copies, in the case of notice, to:
		
	 Hunton & Williams LLP

Riverfront Plaza, East Tower
 951 East Byrd
Street
 Richmond, Virginia 23219

Attention: Daniel M. LeBey, Esq.
 Fax:
(804) 788-8218
 Email: dlebey@hunton.com
	  	 GrayRobinson, P. A.
 201 N.
Franklin Street
 Suite 2200
 Tampa,
Florida 33602
 Attention: Michael J. Nolan, Esquire
 Fax: (813) 273-5145
 Email: michael.nolan@gray-robinson.com

  
 8

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