SEC Contract Filing

Filing Date: 2017-11-21

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d497199dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</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 10.1 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Executed Version </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECOND
AMENDMENT TO CREDIT AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">SECOND AMENDMENT, dated as of November&nbsp;21, 2017 (this &#147;<B>Amendment</B>&#148;), to the
Credit Agreement, dated as of August&nbsp;30, 2016 (as amended by the First Amendment to Credit Agreement, dated as of March&nbsp;1, 2017 (the &#147;<B>First Amendment</B>&#148;) and as further amended, supplemented or otherwise modified from time
to time, the &#147;<B>Credit Agreement</B>&#148;), among ESH Hospitality, Inc. (the &#147;<B>Borrower</B>&#148;), the other Guarantors party thereto from time to time, the lenders party thereto from time to time (the &#147;<B>Lenders</B>&#148;) and
Deutsche Bank AG New York Branch, as administrative agent (in such capacity, the &#147;<B>Administrative</B> <B>Agent</B>&#148;), collateral agent and L/C Issuer. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>W I T N E S S E T H</U>: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">WHEREAS, pursuant to the Credit Agreement, the Lenders have agreed to make, and have made, certain loans and other extensions of credit to
the Borrower; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Borrower has requested that the outstanding Initial Term Loans (including, for the avoidance of doubt, the
Repriced Term Loans made or continued pursuant to the First Amendment) be refinanced with a new term facility (the &#147;<B>Refinancing Term Facility</B>&#148;) in accordance with <U>Section</U><U></U><U>&nbsp;2.15</U> of the Credit Agreement by
obtaining Repriced Term Commitments (as defined in <U>Section</U><U></U><U>&nbsp;4</U> of this Amendment) and having existing Initial Term Loans be continued as provided herein; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">WHEREAS, the loans under the Refinancing Term Facility (the &#147;<B>Second Repriced Term Loans</B>&#148;) will replace and refinance the
currently outstanding Initial Term Loans; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">WHEREAS, except as otherwise provided herein, the Second Repriced Term Loans will have the
same terms as the Initial Term Loans currently outstanding under the Credit Agreement; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">WHEREAS, each existing Term Lender that executes
and delivers a Lender Addendum (Cashless Roll) attached hereto (a &#147;<B>Lender Addendum (Cashless Roll)</B>&#148;) and in connection therewith agrees to continue all of its outstanding Initial Term Loans as Second Repriced Term Loans (such
continued Initial Term Loans, the &#147;<B>Continued Term Loans</B>&#148;, and such Lenders, collectively, the &#147;<B>Continuing Term Lenders</B>&#148;) will thereby (i)&nbsp;agree to the terms of this Amendment and (ii)&nbsp;agree to continue all
of its existing Initial Term Loans (such existing Initial Term Loans, the &#147;<B>Existing Term Loans</B>&#148;, and the Lenders of such Existing Term Loans, collectively, the &#147;<B>Existing Term Lenders</B>&#148;) outstanding on the Second
Amendment Effective Date (as defined below) as Second Repriced Term Loans in a principal amount equal to the aggregate principal amount of such Existing Term Loans so continued (or such lesser amount as notified to such Lender by the Administrative
Agent prior to the Second Amendment Effective Date); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">WHEREAS, subject to the preceding recitals, each Person (other than a Continuing
Term Lender in its capacity as such) that executes and delivers a Lender Addendum (Additional Term Lender) attached hereto (a &#147;<B>Lender Addendum (Additional Term Lender)</B>&#148; </P>

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and, together with a Lender Addendum (Cashless Roll), a &#147;<B>Lender Addendum</B>&#148;)) and agrees in connection therewith to make Second Repriced Term Loans (collectively, the
&#147;<B>Additional Term Lenders</B>&#148;) will thereby (i)&nbsp;agree to the terms of this Amendment and (ii)&nbsp;commit to make Second Repriced Term Loans to the Borrower on the Second Amendment Effective Date (the &#147;<B>Additional Term
Loans</B>&#148;) in such amount (not in excess of any such commitment) as is determined by the Administrative Agent and notified to such Additional Term Lender; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">WHEREAS, the proceeds of the Additional Term Loans will be used by the Borrower to repay in full the outstanding principal amount of the
Existing Term Loans that are not continued as Second Repriced Term Loans by Continuing Term Lenders; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Continuing Term
Lenders and the Additional Term Lenders (collectively,