Attached files
file | filename |
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8-K - FORM 8-K - FIRST POTOMAC REALTY TRUST | c19009e8vk.htm |
EX-10.1 - EXHIBIT 10.1 - FIRST POTOMAC REALTY TRUST | c19009exv10w1.htm |
Exhibit 10.2
CONSENT AND REAFFIRMATION OF GUARANTOR
This CONSENT AND REAFFIRMATION OF GUARANTOR (this Consent), is executed as of the 16th day of June, 2011, by FIRST POTOMAC
REALTY TRUST (the Guarantor).
Guarantor has guaranteed certain obligations to the Lenders and the Agent pursuant to that
certain Guaranty by Guarantor in favor of the Lenders and the Agent dated as of December 29, 2009
(the Guaranty). Guarantor hereby consents to the execution and delivery of the Third
Amended and Restated Revolving Credit Agreement by and among the Borrower, the Lenders and the
Agent (the Third Amended and Restated Credit Agreement) dated as of even date herewith to
which this Consent is attached, and acknowledges and agrees that the entering into and performance
by the parties thereunder shall in no way impair, limit, detract or derogate from the obligations
and liabilities of Guarantor pursuant to the Guaranty. Capitalized terms used in this Consent but
not otherwise defined herein shall have the meanings ascribed to them in the Third Amended and
Restated Credit Agreement.
By executing this Consent, the Guarantor hereby: (a) acknowledges and agrees to the terms and
conditions of the Third Amended and Restated Credit Agreement; (b) remakes, reaffirms and ratifies
all of the warranties, representations and covenants of Guarantor contained in the Guaranty as of
the date hereof with the same force and effect as if each of such representations and warranties
and covenants had been made by the Guarantor on the date hereof and in this Consent, except to the
extent that such representations and warranties relate solely to a prior date; (c) acknowledges
that the Third Amended and Restated Credit Agreement amends and restates the Original Credit
Agreement in its entirety but, for the avoidance of doubt, does not constitute a novation of the
parties rights and obligations thereunder or under the Notes or the other Loan Documents; (d)
absolutely and unconditionally reaffirms to the Agent and the Lenders that all obligations and
liabilities of the Guarantor under the Guaranty, as affected by the Third Amended and Restated
Credit Agreement, are hereby remade, reaffirmed and ratified and that it is bound by all of the
terms of the Guaranty, as affected by the Third Amended and Restated Credit Agreement; and (e)
confirms that its guaranty of the Obligations includes the Obligations under the Third Amended and
Restated Credit Agreement and that the Guaranty remains in full force and effect notwithstanding
the amendment and restatement of the Original Credit Agreement. The Guarantor further agrees that
all references to the Loan Agreement in the Guaranty shall be deemed to refer to the Third Amended
and Restated Credit Agreement from and after the date hereof.
GUARANTOR: | ||||||
FIRST POTOMAC REALTY TRUST | ||||||
By: | /s/ Barry Bass | |||||
Chief Financial Officer |
Signature Page to Consent and Reaffirmation of Guarantor