夹层贷款协议.docxVIP

EX-10.16?17?d368735dex1016.htm?MEZZANINE LOAN AGREEMENTEXHIBIT 10.16Loan No.EZZANINE LOAN AGREEMENTDated as of June?13, 2012BetweenTNP SRT PORTFOLIO II HOLDINGS, LLCas BorrowerandKEYBANK NATIONAL ASSOCIATION,as LenderTABLE OF CONTENTS?????Page?ARTICLE I - DEFINITIONS; PRINCIPLES OF CONSTRUCTION??1?Section?1.1?Definitions??1?Section?1.2?Principles of Construction??26?ARTICLE II - GENERAL TERMS??27?Section?2.1?Loan Commitment; Disbursement to Borrower??27?2.1.1?Agreement to Lend and Borrow??27?2.1.2?Single Disbursement to Borrower??27?2.1.3?The Note, Pledge Agreement and Loan Documents??27?2.1.4?Use of Proceeds??27?Section?2.2?Interest Rate??27?2.2.1?Interest Rate??27?2.2.2?Interest Calculation??27?2.2.3?Default Rate??28?2.2.4?Usury Savings??28?Section?2.3?Loan Payment??28?Section?2.4?Prepayments??29?Section?2.5?Liquidation Events??29?Section?2.6?Lockbox Account/Cash Management??29?2.5.1?Lockbox Account??29?2.6.2?Cash Management??30?2.6.3?Mezzanine Collection Account??31?ARTICLE III - CONDITIONS PRECEDENT TO CLOSING??32?ARTICLE IV - REPRESENTATIONS AND WARRANTIES??32?Section?4.1?Borrower Representations??32?4.1.1?Organization??32?4.1.2?Proceedings??33?4.1.3?No Conflicts??33?4.1.4?Litigation??33?4.1.5?Agreements??33?4.1.6?UCC Insurance; Mezzanine Lender Endorsement??34?4.1.7?Solvency??34?4.1.8?Full and Accurate Disclosure??35?4.1.9?No Plan Assets??35?4.1.10?Compliance??35?4.1.11?Financial Information??35?4.1.12?Condemnation??36?4.1.13?Federal Reserve Regulations??36?4.1.14?Not a Foreign Person??36?4.1.15?Enforceability??36?4.1.16?No Prior Assignment??36?4.1.17?Insurance??36??i4.1.18?Leases??36?4.1.19?Filing and Recording Taxes??37?4.1.20?Special Purpose Entity/Separateness??37?4.1.21?Management Agreement??38?4.1.22?Illegal Activity??38?4.1.23?No Change in Facts or Circumstances; Disclosure??38?4.1.24?Investment Company Act??38?4.1.25?Embargoed Person??38?4.1.26?Principal Place of Business; State of Organization??39?4.1.27?Mortgage Loan Representations and War