SEC Contract Filing

Filing Date: 2015-03-17

Document Content:
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<TYPE>EX-10.12.6
<SEQUENCE>2
<FILENAME>d832957dex10126.htm
<DESCRIPTION>EX-10.12.6
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<TITLE>EX-10.12.6</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.12.6 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>EXECUTION VERSION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>FIRST OMNIBUS AMENDMENT TO </U></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>MASTER REPURCHASE AGREEMENT </U></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>AND OTHER TRANSACTION DOCUMENTS </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>THIS FIRST OMNIBUS AMENDMENT TO MASTER REPURCHASE AGREEMENT AND OTHER TRANSACTION DOCUMENTS</B>, dated as of June&nbsp;30, 2013 (the
&#147;<U>Effective Date</U>&#148;) (this &#147;<U>Omnibus Amendment No.&nbsp;1</U>&#148;), is entered into by and among <B>RAIT CMBS CONDUIT II, LLC</B>, a Delaware limited liability company, as seller (together with its permitted successors and
assigns in such capacity, &#147;<U>Seller</U>&#148;), <B>BARCLAYS BANK PLC</B>, a public limited company organized under the laws of England and Wales, as purchaser (together with its successors and assigns in such capacity,
&#147;<U>Buyer</U>&#148;), and <B>RAIT FINANCIAL TRUST</B>, a Maryland real estate investment trust, as guarantor (together with its successors and permitted assigns, in such capacity, &#147;<U>Guarantor</U>&#148;). Capitalized terms used and not
otherwise defined herein shall have the meanings given to such terms in the Repurchase Agreement (as defined below). </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>R</U> <U>E</U>
<U>C</U> <U>I</U> <U>T</U> <U>A</U> <U>L</U> <U>S</U> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, Seller and Buyer are parties to that certain Master Repurchase
Agreement, dated as of November&nbsp;23, 2011, as amended by that certain First Amendment to Master Repurchase Agreement, dated as of December&nbsp;27, 2011 (the &#147;<U>Existing Repurchase Agreement</U>&#148; and, as amended by this Omnibus
Amendment No.&nbsp;1, and as further amended, modified, restated, replaced, waived, substituted, supplemented or extended from time to time, the &#147;<U>Repurchase Agreement</U>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, Guarantor is a party to that certain Guaranty, dated as of November&nbsp;23, 2011 made for the benefit of Buyer (as amended by this
Omnibus Amendment No.&nbsp;1, and as further amended, modified, restated, replaced, waived, substituted, supplemented or extended from time to time, the &#147;<U>Guaranty</U>&#148;); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the parties hereto desire to make certain amendments and modifications to the Existing Repurchase Agreement and the Guaranty. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>NOW THEREFORE</B>, in consideration of the foregoing recitals, and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows: </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendments to Existing Repurchase Agreement</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Effective as of the Effective Date, the following definitions in <U>Article II</U> of the Existing Repurchase Agreement are each added or, if
already present in the Existing Repurchase Agreement, amended and restated in its entirety, as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>First
Omnibus Amendment</U>&#148; shall mean that certain First Omnibus Amendment to Master Repurchase Agreement and Other Transaction Documents dated as of June&nbsp;30, 2013 by and among Purchaser, Seller and Guarantor.&#148; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Guaranty</U>&#148; shall mean the Guaranty, dated as of the date hereof, made by Guarantor for the benefit of
Purchaser, as amended by the First Omnibus Amendment and from time to time thereafter.&#148; </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendments to Guaranty</U>.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) Effective as of the Effective Date, the following definitions are each added to <U>Article 1</U> of the Guaranty, as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Adjusted Book Value</U>&#148; means, as of a particular date, an amount equal to: (i)&nbsp;Total Assets of Guarantor
and its consolidated Subsidiaries, less (ii)&nbsp;Total Liabilities of Guarantor and its