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EX-10.1 - EX-10.1 - CIM Commercial Trust Corpa15-2261_1ex10d1.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM 8-K

 


 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported): January 14, 2014

 

Commission File Number 1-13610

 


 

CIM COMMERCIAL TRUST CORPORATION

(Exact name of registrant as specified in its charter)

 


 

MARYLAND

 

75-6446078

(State or other jurisdiction
of incorporation or organization)

 

(I.R.S. Employer
Identification No.)

 

17950 Preston Road, Suite 600,
Dallas, TX 75252

 

(972) 349-3200

(Address of principal executive offices)

 

(Registrant’s telephone number)

 

Former name, former address and former fiscal year, if changed since last report: NONE

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o                 Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o                 Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o                 Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o                 Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 1.01                   Entry into a Material Definitive Agreement.

 

On January 14, 2014, CIM Commercial Trust Corporation (the “Borrower”), the Borrower’s existing Lenders (as defined in the First Amendment) and Bank of America, N.A., as Administrative Agent (the “Administrative Agent”), entered into an amendment (the “First Amendment”) to the Borrower’s Credit Agreement, dated as of September 30, 2014, among the Borrower, the Lenders party thereto and the Administrative Agent.

 

The effect of the First Amendment was to clarify the meaning of a negative covenant and eliminate the tangible net worth covenant.

 

The foregoing description of the First Amendment does not purport to be complete and is qualified in its entirety by reference to the First Amendment, which is attached as Exhibit 10.1 to this current report on Form 8-K and is incorporated herein by reference.

 

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Item 9.01                   Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.

 

Description

 

 

 

Exhibit 10.1

 

First Amendment to Credit Agreement, dated as of January 14, 2014, among CIM Commercial Trust Corporation, each Lender party thereto and Bank of America, N.A., as Administrative Agent.

 

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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

Date:                  January 16, 2014

 

 

CIM COMMERCIAL TRUST CORPORATION

 

 

 

 

 

By:

/s/ David Thompson

 

 

David Thompson, Chief Financial Officer

 

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