EX-10
from 10-Q
~10
pages
For Value Received, the Undersigned, Bedford Property Investors, Inc., a Maryland Corporation (“Borrower”), Whose Federal Tax Identification Number Is 68-0306514, Promises to Pay to the Order of Nationwide Life Insurance Company, an Ohio Corporation, Its Successors and Assigns (“Lender”) the Principal Sum of $22,600,000.00, Together With Interest on the Principal Balance of This Note (The “Note”), From Time to Time Remaining Unpaid, From the Date of Disbursement by Lender at the Applicable Interest Rate Hereinafter Set Forth, Together With All Other Sums Due Hereunder or Under the Terms of the Deed of Trust (As Hereinafter Defined) in Lawful Money of the United States of America Which Shall Be Legal Tender in Payment of All Debts at the Time of Such Payment (The “Loan”). Both Principal and Interest and All Other Sums Due Hereunder Shall Be Payable at the Office of Lender at One Nationwide Plaza, Columbus, Ohio 43215-2220, Attention: Real Estate Investment Department, 34t or at Such Other Place as Lender May From Time to Time Designate. Said Principal and Interest Shall Be Paid Over a Term, at the Times, and in the Manner Set Forth Below: 1. Payment Provisions. (A) Interest Accrued on the Unpaid Principal Balance of This Note From the Date of Disbursement Hereof Through and Including October 31, 2002, at the Rate of 4.61% Per Annum (The “Applicable Interest Rate”), Shall Be Due and Payable on the Disbursement Date of the Loan
12/34/56
EX-10
from 10-Q
>50
pages
Now, Therefore, in Consideration of the Mutual Agreements, Provisions and Covenants Contained Herein, the Parties Agree as Follows: 1. Definitions 1.1 Defined Terms in Addition to the Terms Defined Elsewhere in This Agreement, the Following Terms Have the Following Meanings: “Acquisition Cost” Means, for Any Approved Parcel at Any Time, the Gross Purchase Price Paid by the Company for Such Approved Parcel, as Determined Without Regard to Any Credits or Other Adjustments Thereto or Any Closing Costs, Attorney’s Fees, Due Diligence Costs or Similar Expenses. “Administrative Agent” Means Bank of America in Its Capacity as Administrative Agent for the Banks Hereunder, and Any Successor Administrative Agent Designated Under Section
12/34/56