SEC Contract Filing

Filing Date: 2015-08-13

Document Content:
<DOCUMENT>
<TYPE>EX-10.28
<SEQUENCE>3
<FILENAME>gcearii-increaseagreement.htm
<DESCRIPTION>EXHIBIT 10.28
<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 1 -->
 <!-- Copyright 2015 Workiva -->
 <title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<a name="sd498aa5debec4a6f8419920a16fc84da"></a><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXHIBIT 10.28</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;padding-bottom:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">INCREASE AGREEMENT</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">This Increase Agreement (this &#8220;Agreement&#8221;) is made as of August 11, 2015, by and among </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">GRIFFIN CAPITAL ESSENTIAL ASSET OPERATING PARTNERSHIP II, L.P.</font><font style="font-family:inherit;font-size:10pt;">, a Delaware limited partnership (the &#8220;Borrower&#8221;), </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">KEYBANK, NATIONAL ASSOCIATION</font><font style="font-family:inherit;font-size:10pt;">, as a Lender (&#8220;KeyBank&#8221;), </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">JPMORGAN CHASE BANK, N.A.</font><font style="font-family:inherit;font-size:10pt;">, as a Lender (&#8220;JPMorgan&#8221;), </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">BANK OF AMERICA, N.A.</font><font style="font-family:inherit;font-size:10pt;">, as a Lender (&#8220;Bank of America&#8221;), </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CAPITAL ONE, N.A.</font><font style="font-family:inherit;font-size:10pt;">, as a Lender (&#8220;Capital One&#8221;), </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">FIFTH THIRD BANK</font><font style="font-family:inherit;font-size:10pt;">, as a Lender (&#8220;Fifth Third&#8221;), </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SUNTRUST BANK</font><font style="font-family:inherit;font-size:10pt;">, as a Lender (&#8220;SunTrust&#8221;) and </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">KEYBANK, NATIONAL ASSOCIATION</font><font style="font-family:inherit;font-size:10pt;">, as Administrative Agent (the &#8220;Administrative Agent&#8221;). </font></div><div style="line-height:120%;padding-bottom:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">W I T N E S S E T H:</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">WHEREAS, the Borrower, the Administrative Agent and the Lenders have entered into that certain Credit Agreement dated as of December 12, 2014 with respect to certain financial accommodations to be provided by the Administrative Agent and the Lenders to the Borrower (the &#8220;Credit Agreement&#8221;; unless otherwise defined herein, capitalized terms utilized herein which are defined in the Credit Agreement shall have the same meaning herein); </font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">WHEREAS, the Borrower has requested that the aggregate amount of the Commitments evidenced by the Credit Agreement be increased to $410,000,000.00 pursuant to an exercise of its accordion rights as provided in Section 2.08(d) of the Credit Agreement, and (a) each of KeyBank, JPMorgan, Bank of America, Capital One, Fifth Third and SunTrust has agreed to increase its Commitment as provided herein and (b) Associated Bank, National Association has agreed to become a Lender pursuant to a certain Joinder Agreement executed simultaneously herewith.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, it is agreed by and among the Borrower, the Administrative Agent, KeyBank, JPMorgan, Bank of America, Capital One, Fifth Third and SunTrust, as follows:</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:8px;text-align:justify;text-indent:48px;"><font style="padding-bottom:8px;text-align:justify;font-family:inherit;font-size:10pt;padding-right:48px;">1.</font><font style="font-family:inherit;font-size:10pt;">Effective upon the date hereof, the Total Commitment of the Lenders under the Credit Agreement is hereby increased to Four Hundred Ten Million Dollars ($410,000,000.00). In connection therewith, (a) KeyBank, in its capacity as a Lender, hereby increases its Commitment to $75,000,000.00, (b) JPMorgan, in its capacity as a Lender, hereby increases its Commitment to $75,000,000.00, (c) Bank of America, in its capacity as Lender, hereby increases its Commitment to $50,000,000.00, (d) Capital One, in its capacity as Lender, hereby increases its Commitment to $50,000,000.00, (e) Fifth Third, in its capacity as Lender, hereby increases its Commitment to $50,000,000.00 and (f) SunTrust, in its capacity as Lender, hereby increases its Commitment to $50,000,000.00.</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:8px;text-align:justify;text-indent:48px;"><font style="padding-bottom:8px;text-align:justify;font-family:inherit;font-size:10p