SEC Contract Filing

Filing Date: 2018-12-28

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex101-secondamendmenttocre.htm
<DESCRIPTION>EXHIBIT 10.1
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<div><a name="sD37EAC5D0C51A3CEE141F3114A2BC0E0"></a></div><div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Exhibit 10.1</font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">SECOND AMENDMENT TO CREDIT AGREEMENT </font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">THIS SECOND AMENDMENT TO CREDIT AGREEMENT dated as of December 21, 2018 (this &#8220;Agreement&#8221;), is executed by each of the Lenders, KEYBANK NATIONAL ASSOCIATION, as Agent (the &#8220;Agent&#8221;), LEXINGTON REALTY TRUST, a real estate investment trust formed under the laws of the State of Maryland (the &#8220;Trust&#8221;), and the other parties hereto.</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">WHEREAS, the Trust, LEPERCQ Corporate Income Fund, L.P. (&#8220;LCIF&#8221;), the financial institutions signatory thereto and their assignees thereunder (the &#8220;Lenders&#8221;), the Agent, and the other parties thereto, have entered into that certain Credit Agreement dated as of September 1, 2015, as amended on September 29, 2017 pursuant to that certain First Amendment to Credit Agreement and Agreement Regarding Loan Commitment and Term Loan Increases (as further amended, restated, supplemented or otherwise modified from time to time, the &#8220;Credit Agreement&#8221;); and </font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">WHEREAS, the Trust has requested that LCIF be released as a &#8220;Borrower&#8221; under the Credit Agreement and to make certain other amendments to the Credit Agreement as set forth herein and the Agent and the Lenders have agreed to such release and amendments on the terms and conditions set forth herein.</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which hereby are acknowledged by the parties hereto, the parties hereto hereby agree as follows:</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Section&#160;1. </font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Specific Amendments to Credit Agreement</font><font style="font-family:inherit;font-size:11pt;">. Upon the effectiveness of this Agreement, the parties hereto agree as follows:</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:12px;text-align:justify;text-indent:48px;"><font style="padding-bottom:12px;text-align:justify;font-family:inherit;font-size:11pt;padding-right:48px;">(a)</font><font style="font-family:inherit;font-size:11pt;">The Credit Agreement is amended by restating the definitions referenced below set forth in Section 1.1. thereof as follows:</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;padding-left:48px;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">&#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">1031 Property</font><font style="font-family:inherit;font-size:11pt;">&#8221; means property held by a &#8220;qualified intermediary&#8221; (a &#8220;QI&#8221;), as defined in the Treasury Regulations promulgated pursuant to Section 1031 of the Internal Revenue Code, or an &#8220;exchange accommodation titleholder&#8221; (an &#8220;EAT&#8221;), as defined in Internal Revenue Service Revenue Procedure 2000-37, as modified by Internal Revenue Procedure 2004-51, (or in either case, by one or more Wholly Owned Subsidiaries thereof, singly or as tenants in common) which is a single purpose entity and has entered into an &#8220;exchange agreement&#8221; or a &#8220;qualified exchange accommodation agreement&#8221; with the Borrower, a Wholly Owned Subsidiary of Borrower, or, (A) so long as the LCIF Ownership Condition is satisfied, LCIF or a Wholly Owned Subsidiary of LCIF, (B) so long as the NLSAF Ownership Condition is satisfied, Net Lease Strategic Assets Fund L.P. or a Wholly Owned Subsidiary of Net Lease Strategic Assets Fund L.P., or (C) so long as the SPC Ownership Condition is satisfied, Six Penn Center L.P. or a Wholly Owned Subsidiary of Six Penn Center L.P., in connection with the acquisition (or possible disposition) of such property by the Borrower or a Wholly Owned Subsidiary of the Borrower, LCIF or a Wholly Owned Subsidiary of LCIF, Net Lease Strategic Assets Fund L.P. or a Wholly Owned Subsidiary of Net Lease Strategic Assets Fund L.P., or Six Penn Center L.P. or a Wholly Owned Subsidiary of Six Penn Center L.P., as applicable, pursuant to, and qualifying for tax treatment under, Section&#160;1031 of the Internal Revenue Code. </font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent