Document:

REVOLVING CREDIT NOTES

 Exhibit 10.6 
 REVOLVING CREDIT NOTE 
  

			
	$10,000,000.00	  	June 29, 2012

 FOR
VALUE RECEIVED, the undersigned (“Maker”), hereby promises to pay to SYNOVUS BANK (“Payee”), or order, in accordance with the terms of that certain Credit Agreement, dated as of March 30, 2012, as from time to time in
effect, by and among Maker, KeyBank National Association, for itself and as Agent, and such other Lenders as may be from time to time named therein (the “Credit Agreement”), to the extent not sooner paid, on or before the Maturity Date,
the principal sum of TEN MILLION AND NO/100 DOLLARS ($10,000,000.00), or such amount as may be advanced by the Payee under the Credit Agreement as a Revolving Credit Loan with daily interest from the date thereof, computed as provided in the Credit
Agreement, on the principal amount hereof from time to time unpaid, at a rate per annum on each portion of the principal amount which shall at all times be equal to the rate of interest applicable to such portion in accordance with the Credit
Agreement, and with interest on overdue principal and, to the extent permitted by applicable law, on overdue installments of interest and late charges at the rates provided in the Credit Agreement. Interest shall be payable on the dates specified in
the Credit Agreement, except that all accrued interest shall be paid at the stated or accelerated maturity hereof or upon the prepayment in full hereof. Capitalized terms used herein and not otherwise defined herein shall have the meanings set forth
in the Credit Agreement. 
 Payments hereunder shall be made to the Agent for the Payee at 127 Public Square, Cleveland, Ohio
44114-1306, or at such other address as Agent may designate from time to time. 
 This Note is one of one or more Revolving
Credit Notes evidencing borrowings under and is entitled to the benefits and subject to the provisions of the Credit Agreement. The principal of this Note may be due and payable in whole or in part prior to the Maturity Date and is subject to
mandatory prepayment in the amounts and under the circumstances set forth in the Credit Agreement, and may be prepaid in whole or from time to time in part, all as set forth in the Credit Agreement. 

Notwithstanding anything in this Note to the contrary, all agreements between the undersigned Maker and the Lenders and the Agent,
whether now existing or hereafter arising and whether written or oral, are hereby limited so that in no contingency, whether by reason of acceleration of the maturity of any of the Obligations or otherwise, shall the interest contracted for, charged
or received by the Lenders exceed the maximum amount permissible under applicable law. If, from any circumstance whatsoever, interest would otherwise be payable to the Lenders in excess of the maximum lawful amount, the interest payable to the
Lenders shall be reduced to the maximum amount permitted under applicable law; and if from any circumstance the Lenders shall ever receive anything of value deemed interest by applicable law in excess of the maximum lawful amount, an amount equal to
any excessive interest shall be applied to the reduction of the principal balance of the Obligations of the undersigned Maker and to the payment of interest or, if such excessive interest exceeds the unpaid balance of principal of the Obligations of
the undersigned Maker, such excess shall be refunded to the undersigned Maker. All interest paid or agreed to be paid to the Lenders shall, to the extent permitted by applicable law, be amortized, prorated, allocated and spread throughout the full
period until 

 
payment in full of the principal of the Obligations of the undersigned Maker (including the period of any renewal or extension thereof) so that the interest thereon for such full period shall not
exceed the maximum amount permitted by applicable law. This paragraph shall control all agreements between the undersigned Maker and the Lenders and the Agent. 
 In case an Event of Default shall occur, the entire principal amount of this Note may become or be declared due and payable in the manner and with the effect provided in said Credit Agreement. 

This Note shall, pursuant to New York General Obligations Law Section 5-1401, be governed by the laws of the State of New York.

 The undersigned Maker and all guarantors and endorsers hereby waive presentment, demand, notice, protest, notice of intention
to accelerate the indebtedness evidenced hereby, notice of acceleration of the indebtedness evidenced hereby and all other demands and notices in connection with the delivery, acceptance, performance and enforcement of this Note, except as
specifically otherwise provided in the Credit Agreement, and assent to extensions of time of payment or forbearance or other indulgence without notice. 
 IN WITNESS WHEREOF, the undersigned has by its duly authorized officer executed this Note on the day and year first above written. 

 

			
	CARTER/VALIDUS OPERATING PARTNERSHIP, LP, a Delaware limited partnership
		
	By:	 	 Carter Validus Mission Critical REIT, Inc.,
 a Maryland corporation, its general partner

		 	

  

			
	By:	 	/s/ John E. Carter
	Name:	 	John E. Carter
	Title:	 	CEO
		 	(SEAL)

  
 2LETTER AGREEMENT

 Exhibit 10.7 
 June 29, 2012 
 KeyBank National Association 

4900 Tiedeman Road 
 Brooklyn, Ohio 44114

 Attn: Real Estate Capital Services 

KeyBank National Association 
 1200 Abernathy
Road, N.E., Suite 1550 
 Atlanta, Georgia 30328 
 Attn: Mr. Daniel Stegemoeller 
 Ladies and Gentlemen: 

Pursuant to the provisions of Section 2.11 of the Credit Agreement dated as of March 30, 2012, as from time to time in effect
(as the same may be varied, extended, supplemented, consolidated, replaced, increased, renewed, modified or amended from time to time, the “Credit Agreement”), by and among Carter/Validus Operating Partnership, L.P., a Delaware
limited partnership (“Borrower”), KeyBank National Association (“KeyBank”), as Agent, and each of the financial institutions initially a signatory to the Credit Agreement together with their assignees pursuant to
Section 18 of the Credit Agreement (collectively, the “Existing Lenders” and each individually a “Existing Lender”), the Borrower hereby requests an increase in the Total Commitment (as defined in the Credit
Agreement) as further set forth below. 
 1. In connection with the request for such increase, the Borrower hereby certifies as
follows: 
 (a) Request for Increase. The Borrower hereby requests an increase in the Total Commitment from
$30,000,000.00 to $40,000,000.00 pursuant to Section 2.11 of the Credit Agreement (the “Increase”). 
 (b)
Certifications. In connection with the Increase, each of the Borrower and Guarantor certifies that: 
 (i) As of the
date hereof and as of the effective date of the Increase, both immediately before and after giving effect to the Increase, there exists and shall exist no Default or Event of Default; 

(ii) As of the date hereof, the representations and warranties made by the Borrower and Guarantor in the Loan Documents or otherwise
made by or on behalf of the Borrower or Guarantor in connection therewith or after the date thereof were true and correct in 

 KeyBank National Association 
 June 29, 2012 
  Page -
 2
 - 
  
 
all material respects when made, are true and correct in all material respects as of the date hereof, and shall be true and correct in all material respects as of the effective date of the
Increase, both immediately before and after giving effect to the Increase, as though such representations and warranties were made on and as of that date except that if any representation and warranty is as of a specific date, such representations
and warranty shall be true and correct in all material respects as of such date; and 
 (iii) Borrower has paid all fees
required by the Agreement Regarding Fees and §2.11(d)(i) of the Credit Agreement. 
 (c) Commitments. Borrower
hereby acknowledges and agrees that as of the effective date of the Increase and following satisfaction of all conditions thereto as provided in Section 2.11 of the Credit Agreement, the amount of each Lender’s Commitment shall be the
amount set forth on Schedule A attached hereto and the Total Commitment under the Credit Agreement will include the Increase. In connection with the Increase, Synovus Bank (“Synovus”) shall be issued a Revolving Credit Note in the
principal face amount of $10,000,000.00, and upon acceptance of such note by Synovus such note will be a “Note” under the Credit Agreement. 
 (d) Other Conditions. All other conditions to the Increase set forth in Section 2.11 of the Credit Agreement have been satisfied. 

2. Synovus Agreements, Acknowledgements and Representations. By its signature below, Synovus, subject to the terms and conditions
hereof, hereby agrees to perform all obligations with respect to its respective Commitment as if Synovus were an original Lender under and signatory to the Credit Agreement having a Commitment, as set forth above, equal to its respective Commitment,
which obligations shall include, but shall not be limited to, the obligation of Synovus to make a Loan to the Borrower with respect to its Commitment as required under Section 2.1 of the Credit Agreement, and in any case the obligation to
indemnify the Agent as provided therein. Synovus makes and confirms to the Agent and the other Lenders all of the representations, warranties and covenants of a Lender under Section 14 of the Credit Agreement as of the date hereof. Further,
Synovus acknowledges that it has, independently and without reliance upon the Agent, or on any affiliate or subsidiary thereof or any other Lender and based on the financial statements supplied by the Borrower and such other documents and
information as it has deemed appropriate, made its own credit analysis and decision to become a Lender under the Credit Agreement. Synovus also acknowledges that it will, independently and without reliance upon the 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 decisions in taking or not taking action under the Credit Agreement or any other Loan Documents or pursuant to any other obligation.
Except as expressly provided in the Credit Agreement, the Agent shall have no duty or responsibility whatsoever, either initially or on a continuing basis, to provide Synovus with any credit or other information with respect to the Borrower or
Guarantor or to notify the Synovus of any Default or Event of Default. Synovus has not relied on the Agent as to 

 KeyBank National Association 
 June 29, 2012 
  Page -
 3
 - 
  
 
any legal or factual matter in connection therewith or in connection with the transactions contemplated thereunder. Synovus (i) represents and warrants that it is (1) legally authorized
to enter into this agreement, and (2) an “accredited investor” (as such term is used in Regulation D of the Securities Act of 1933, as amended); (ii) confirms that it has received a copy of the Credit Agreement and all amendments
thereto, together with copies of the most recent financial statements delivered pursuant thereto and such other documents and information (including without limitation the Loan Documents) as it has deemed appropriate to make its own credit analysis
and decision to enter into this agreement; (iii) appoints and authorizes the Agent to take such action as contractual representative on its behalf and to exercise such powers under the Loan Documents as are delegated to the Agent by the terms
thereof together with such powers as are reasonably incidental thereto; and (iv) agrees that it will become a party to and shall be bound by the Credit Agreement and the other Loan Documents to which the other Lenders are a party on the date
hereof and will perform in accordance therewith all of the obligations which are required to be performed by it as a Lender. Synovus acknowledges and confirms that its address for notices and Lending Office for Loans are as set forth on the
signature pages hereto. 
 3. Definitions. Terms defined in the Credit Agreement are used herein with the meanings so
defined. 
 [Signatures Begin on the Following Page] 

 IN WITNESS WHEREOF, we have hereunto set our hands this 29th day of June, 2012. 

 

									
		 		 	BORROWER:
			
		 		 	CARTER/VALIDUS OPERATING PARTNERSHIP,
		 		 	LP, a Delaware limited partnership
				
		 		 	By:	 	Carter Validus Mission Critical REIT, Inc., a
		 		 		 	Maryland corporation, its general partner
					
		 		 		 	By:	 	/s/ John E. Carter
		 		 		 	Name:	 	John E. Carter
		 		 		 	Title:	 	 CEO

(SEAL)

		 		 		 		 	

 [Signatures Continued on Next Page] 

  
 4 

											
		 	GUARANTOR:
		
		 	CARTER VALIDUS MISSION CRITICAL REIT, INC., a Maryland corporation
				
		 		 	By:	 	/s/ John E. Carter
		 		 	Name:	 	John E. Carter
		 		 	Title:	 	CEO
				
		 		 		 	
		 	 HC-2501 W WILLIAM CANNON DR, LLC, a
 Delaware limited liability company

			
		 	By:	 	Carter/Validus Operating Partnership, LP, a Delaware limited partnership, its sole member
				
		 		 	By:	 	 Carter Validus Mission Critical REIT, Inc.,
 a Maryland corporation, its general partner

						
		 		 		 		 	By:	 	/s/ John E. Carter
		 		 		 		 	Name:	 	John E. Carter
		 		 		 		 	Title:	 	CEO
						
		 		 		 		 		 	
		 	DC-19675 W. TEN MILE, LLC, a Delaware limited liability company
			
		 	By:	 	 Carter/Validus Operating Partnership, LP, a
 Delaware limited partnership, its sole member

				
		 		 	By:	 	Carter Validus Mission Critical REIT, Inc., a Maryland corporation, its general partner
						
		 		 		 		 	By:	 	/s/ John E. Carter
		 		 		 		 	Name:	 	John E. Carter
		 		 		 		 	Title:	 	CEO

 [Signatures Continued on Next Page] 

  
 5 

									
		 		 	SYNOVUS:
			
		 		 	SYNOVUS BANK, as a Lender
					
		 		 		 	By:	 	/s/ David W. Bowman
		 		 		 	Name:	 	David W. Bowman
		 		 		 	Title:	 	Senior Vice President
			
		 		 	
		 		 	Lending Office (all Types of Loans):
			
		 		 	 Synovus Bank
 800
Shades Creek Parkway
 Birmingham, Alabama 35209
 Attn: Virgie Johnson
 Telecopy Number: (205) 868-4749

Telephone Number: (205) 868-4840

 [Signatures Continued on Next Page] 

  
 6 

									
		 		 	ACKNOWLEDGED:
			
		 		 	KEYBANK NATIONAL ASSOCIATION, as Agent
					
		 		 		 	By:	 	/s/ Jeff Gilbreath
		 		 		 	Name:	 	Jeff Gilbreath
		 		 		 	Title:	 	Sr. Vice President

  
 7 

 Schedule A 
 COMMITMENTS 
  

			
	 Lender
	  	 Commitment

	KeyBank National Association	  	$30,000,000.00
	Synovus Bank	  	$10,000,000.00
	TOTAL	  	$40,000,000.00

  
 8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00205-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00205-of-00352.parquet"}]]