CREDIT AGREEMENTCredit Agreement • March 14th, 2025 • United Homes Group, Inc. • Operative builders • New York
Page SECTION 1 DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 35 1.3 Rounding; Certain Baskets 36 1.4 Currency Generally 36 1.5 Divisions 36 1.6 Rates 36 SECTION 2 AMOUNT AND TERMS OF TERM COMMITMENTS 37 2.1 Term Commitments 37 2.2 Procedure for Term Loan Borrowing 37 2.3 Repayment of Term Loans 38 2.4 Fees 38 2.5 Term Loan Prepayments 38 2.6 Mandatory Prepayments 38 2.7 Conversion and Continuation Options 40 2.8 [Reserved] 40 2.9 Interest Rates and Payment Dates 40 2.10 Computation of Interest and Fees 41 2.11 Inability to Determine Interest Rate 41 2.12 Pro Rata Treatment and Payments 42 2.13 Illegality; Requirements of Law 45 2.14 Taxes 47 2.15 Indemnity 51 2.16 Change of Lending Office 51 2.17 Substitution of Lenders 52 2.18 Defaulting Lenders. 53 2.19 [Reserved] 54 2.20 Notes 54 2.21 Benchmark Replacement Setting 54 SECTION 3 RESERVED 56 SECTION 4 REPRESENTATIONS AND WARRANTIES 56 4.1 Financial Condition 56 4.2 No Change 56 4.3 Existence; Compliance with Law 5
CREDIT AGREEMENT dated as of December 28, 2020 among TOWN SPORTS INTERNATIONAL HOLDINGS, INC., as the Borrower, THE SEVERAL LENDERS FROM TIME TO TIME PARTY HERETO, and ALTER DOMUS (US) LLC, as Administrative AgentCredit Agreement • December 29th, 2020 • Town Sports International Holdings Inc • Services-membership sports & recreation clubs • New York
THIS CREDIT AGREEMENT (this “Agreement”), dated as of December 28, 2020, is entered into by and among TOWN SPORTS INTERNATIONAL HOLDINGS, INC. (the “Borrower”), the financial institutions or entities from time to time party to this Agreement (each a “Lender” and, collectively, the “Lenders”), and ALTER DOMUS (US) LLC, as Administrative Agent.