EXECUTION COPY
CREDIT AGREEMENT
dated as of
May 17, 1996
among
REGENCY REALTY CORPORATION,
as the Borrower
THE FINANCIAL INSTITUTIONS PARTY HERETO AND THEIR ASSIGNEES
UNDER SECTION 12.8. HEREOF,
as the Lenders
and
WELLS FARGO REALTY ADVISORS FUNDING, INCORPORATED,
as the Agent
TABLE OF CONTENTS
ARTICLE I. DEFINITIONS.................................................... 1
SECTION 1.1 Definitions............................................. 1
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SECTION 1.2 General; References to Time............................. 16
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ARTICLE II. CREDIT FACILITY............................................... 17
SECTION 2.1 Making of Revolving Loans............................... 17
SECTION 2.2 Requests for Revolving Loans............................ 17
SECTION 2.3 Funding................................................. 17
SECTION 2.4 Number of Interest Periods.............................. 18
SECTION 2.5 Continuation............................................ 18
SECTION 2.6 Conversion.............................................. 18
SECTION 2.7 Interest Rate........................................... 19
SECTION 2.8 Repayment of Loans...................................... 19
SECTION 2.9 Voluntary Reductions of the Revolving Commitment........ 21
SECTION 2.10 Extension of Revolving Credit Termination Date......... 21
SECTION 2.11 Term Loan Conversion................................... 21
SECTION 2.12 Notes.................................................. 22
ARTICLE III. GENERAL LOAN PROVISIONS...................................... 22
SECTION 3.1 Fees.................................................... 22
SECTION 3.2 Computation of Interest and Fees........................ 23
SECTION 3.3 Pro Rata Treatment...................................... 23