SEC Contract Filing

Filing Date: 2018-08-31

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>a18-24129_1ex10d2.htm
<DESCRIPTION>EX-10.2
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;10.2</font></b><a name="Exhibit10_2_103453"></a></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">AMENDMENT NO. 2 TO TERM LOAN AGREEMENT</font></b></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This <b>AMENDMENT NO. 2 TO TERM LOAN AGREEMENT</b>, (this &#147;<u>Amendment No.&nbsp;2</u>&#148;), dated as of August&nbsp;30, 2018 but effective as of June&nbsp;30, 2018 (the &#147;<u>Amendment Effective Date</u>&#148;), is by and among MACK-CALI REALTY, L.P., a limited partnership organized and existing under the laws of the State of Delaware (&#147;<u>Borrower</u>&#148;), BANK OF AMERICA, N.A., as administrative agent for the Lenders defined below (in such capacity, together with its successors in such capacity, &#147;<u>Administrative Agent</u>&#148;), BANK OF AMERICA, N.A., in its individual capacity and not as Administrative Agent, and the other lenders signatory hereto (said lenders signatory hereto, each a &#147;<u>Lender</u>&#148; and collectively, the &#147;<u>Lenders</u>&#148;).&#160; Reference is made to that certain Term Loan Agreement dated as of January&nbsp;7, 2016, as amended by Amendment No.&nbsp;1 to Term Loan Agreement, dated as of January&nbsp;25, 2017 (as so amended, the &#147;<u>Loan Agreement</u>&#148;).&#160; Capitalized terms used herein without definition shall have the same meanings as set forth in the Loan Agreement, as amended hereby.</font></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RECITALS</font></b></p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">WHEREAS</font></b>, the Borrower has requested that the Lenders make certain amendments to the Loan Agreement, and the Lenders are willing to make such changes as set forth herein;</p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">NOW, THEREFORE,</font></b> in consideration of the premises and the agreements, provisions and covenants herein contained, the parties hereto agree as follows:</p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SECTION&nbsp;1.&#160; AMENDMENTS TO LOAN AGREEMENT.&#160; </font></b>Subject to the satisfaction of the conditions precedent set forth in Section&nbsp;4 of this Amendment No.&nbsp;2, the Loan Agreement is hereby amended as follows:</p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Amendment to &#167;8</u>.&#160; &#167;8 of the Loan Agreement is amended by inserting the following new &#167;8.11 immediately after &#167;8.10 of the Loan Agreement:</font></p>
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<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;&#167;8.11.&#160; <u>Restrictions on Prepayment</u>.&#160; The Borrower will not, and will not permit MCRC or any of their Subsidiaries to, make or offer to make any optional or voluntary payment, repayment, repurchase or redemption of or otherwise optionally or voluntarily defease or segregate funds with respect to any Unsecured Indebtedness of such Person that matures after January&nbsp;25, 2022 at any time when any of (x)&nbsp;the Total Leverage Ratio exceeds 60% pursuant to &#167;9.1, (y)&nbsp;the ratio of Consolidated Unsecured Indebtedness to the Section&nbsp;9.6 Sum exceeds 60% pursuant to &#167;9.6, or (z)&nbsp;an appraisal is being used to value the Unencumbered Properties that are Appraised Value Properties for purposes of determining the Section&nbsp;9.6 Sum pursuant to &#167;9.6.&#148;</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Amendment to &#167;9.6</u>.&#160; &#167;9.6 of the Loan Agreement is amended by restating clause (ii)&nbsp;thereof (and excluding the provisos that follow clause (ii)) in its entirety to read as follows:</font></p>
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