SEC Contract Filing

Filing Date: 2020-04-06

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>exhibit102-amendmentno.htm
<DESCRIPTION>EX-10.2
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2020 Workiva -->
<title>Document</title></head><body><div id="i107024b8df264ab8a6174545b9ce80ec_1"></div><div style="height:72pt;width:100%;"><div style="text-align:right;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Execution Version</font></div></div><div style="text-align:center;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Calibri',sans-serif;font-size:10.5pt;font-weight:700;line-height:120%;">AMENDMENT NO. 3 TO THE</font></div><div style="text-align:center;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Calibri',sans-serif;font-size:10.5pt;font-weight:700;line-height:120%;">TERM LOAN AGREEMENT</font></div><div style="text-align:right;"><font><br></font></div><div style="text-align:right;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Calibri',sans-serif;font-size:10.5pt;font-weight:400;line-height:120%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Dated as of April 2, 2020</font></div><div style="text-align:right;"><font><br></font></div><div style="text-indent:72pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Calibri',sans-serif;font-size:10.5pt;font-weight:400;line-height:120%;">AMENDMENT NO. 3 TO THE TERM LOAN AGREEMENT (this &#8220;</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Calibri',sans-serif;font-size:10.5pt;font-style:italic;font-weight:700;line-height:120%;">Amendment</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Calibri',sans-serif;font-size:10.5pt;font-weight:400;line-height:120%;">&#8221;) among HERSHA HOSPITALITY LIMITED PARTNERSHIP, a Virginia limited partnership (the &#8220;</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Calibri',sans-serif;font-size:10.5pt;font-style:italic;font-weight:700;line-height:120%;">Borrower</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Calibri',sans-serif;font-size:10.5pt;font-weight:400;line-height:120%;">&#8221;), HERSHA HOSPITALITY TRUST, a Maryland real estate investment trust (the &#8220;</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Calibri',sans-serif;font-size:10.5pt;font-style:italic;font-weight:700;line-height:120%;">Parent Guarantor</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Calibri',sans-serif;font-size:10.5pt;font-weight:400;line-height:120%;">&#8221;), the subsidiaries of the Borrower party hereto (the &#8220;</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Calibri',sans-serif;font-size:10.5pt;font-style:italic;font-weight:700;line-height:120%;">Subsidiary Guarantors</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Calibri',sans-serif;font-size:10.5pt;font-weight:400;line-height:120%;">&#8221; and together with the Parent Guarantor, the &#8220;</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Calibri',sans-serif;font-size:10.5pt;font-style:italic;font-weight:700;line-height:120%;">Guarantors</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Calibri',sans-serif;font-size:10.5pt;font-weight:400;line-height:120%;">&#8221;), CITIBANK, N.A. (&#8220;</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Calibri',sans-serif;font-size:10.5pt;font-style:italic;font-weight:700;line-height:120%;">Citibank</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Calibri',sans-serif;font-size:10.5pt;font-weight:400;line-height:120%;">&#8221;), as administrative agent (the &#8220;</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Calibri',sans-serif;font-size:10.5pt;font-style:italic;font-weight:700;line-height:120%;">Administrative Agent</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Calibri',sans-serif;font-size:10.5pt;font-weight:400;line-height:120%;">&#8221;) for the Lender Parties, and the Required Lenders.</font></div><div style="text-align:center;margin-bottom:12pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Calibri',sans-serif;font-size:10.5pt;font-weight:700;line-height:120%;">PRELIMINARY STATEMENTS&#58;</font></div><div style="text-indent:72pt;margin-bottom:12pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Calibri',sans-serif;font-size:10.5pt;font-weight:400;line-height:120%;">(1)&#160;The Borrower, the Guarantors, the Lenders, the Administrative Agent and the other financial institutions party thereto entered into that certain Term Loan Agreement dated as of August 2, 2016, as amended by that certain Amendment No. 1 to the Term Loan Agreement, dated as of August 10, 2017 and as further amended by that certain Amendment No. 2 to the Term Loan Agreement, dated as of September 10, 2019 (as amended, the &#8220;</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Calibri',sans-serif;font-size:10.5pt;font-style:italic;font-weight:700;line-height:120%;">2016 Term Loan Agreement</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Calibri',sans-serif;font-size:10.5pt;font-weight:400;line-height:120%;">&#8221;). Capitalized terms not otherwise defined in this Amendment have the same meanings as specified in the 2016 Term Loan Agreement, as amended hereby&#59;</font>