SEC Contract Filing

Filing Date: 2016-02-29

Document Content:
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<TYPE>EX-10.40
<SEQUENCE>2
<FILENAME>nrf12312015ex1040firstamend.htm
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<a name="s50A8ED06783208F5715215A7983D7724"></a><div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">EXHIBIT 10.40</font></div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">EXECUTION VERSION</font></div></div><br><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">LIMITED CONSENT AND FIRST AMENDMENT TO </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">This </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">LIMITED CONSENT AND FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT </font><font style="font-family:inherit;font-size:12pt;">(this &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Amendment</font><font style="font-family:inherit;font-size:12pt;">&#8221;) is dated as of September 28, 2015 and is entered into by and among NorthStar Realty Finance Limited Partnership, a Delaware limited partnership (the </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#8220;Borrower&#8221;</font><font style="font-family:inherit;font-size:12pt;">), NorthStar Realty Finance Corp., a Maryland corporation (the </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#8220;Parent Guarantor&#8221;</font><font style="font-family:inherit;font-size:12pt;">), certain Subsidiaries of the Parent Guarantor, as Guarantors, and</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#32;</font><font style="font-family:inherit;font-size:12pt;">Deutsche Bank AG New York Branch, as administrative agent (together with its permitted successors in such capacity, </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#8220;Administrative Agent&#8221;</font><font style="font-family:inherit;font-size:12pt;">), with the consent of the Requisite Lenders, and is made with reference to that certain </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">AMENDED AND RESTATED</font><font style="font-family:inherit;font-size:12pt;">&#32;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">CREDIT AND GUARANTY AGREEMENT</font><font style="font-family:inherit;font-size:12pt;">&#32;dated as of May 5, 2015 (as amended or otherwise modified through the date hereof, the </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#8220;Credit Agreement&#8221;</font><font style="font-family:inherit;font-size:12pt;">) by and among the Borrower, the Parent Guarantor, the other Guarantors, the Lenders, the Administrative Agent and the other Agents named therein. Capitalized terms used herein without definition shall have the same meanings herein as set forth in the Credit Agreement after giving effect to this Amendment.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WHEREAS,</font><font style="font-family:inherit;font-size:12pt;">&#32;the Credit Parties have requested that Requisite Lenders agree to amend certain provisions of the Credit Agreement as provided for herein; and</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WHEREAS,</font><font style="font-family:inherit;font-size:12pt;">&#32;subject to certain conditions, Requisite Lenders are willing to agree to such amendment relating to the Credit Agreement.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">NOW, THEREFORE</font><font style="font-family:inherit;font-size:12pt;">, in consideration of the premises and the agreements, provisions and covenants herein contained, the parties hereto agree as follows:</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">SECTION I.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">LIMITED CONSENT</font></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The undersigned Lenders, constituting the Requisite Lenders, hereby (i) consent to the contribution by the