AMENDMENT TO CREDIT AGREEMENT
THIS AMENDMENT TO CREDIT AGREEMENT (this "Agreement") is made and entered into as of the 10th
day of July, 1998, among COLONIAL REALTY LIMITED PARTNERSHIP, a Delaware limited partnership
(the "Borrower"), COLONIAL PROPERTIES TRUST, an Alabama trust ("CPT"), COLONIAL
PROPERTIES HOLDING COMPANY, INC., an Alabama corporation ("CPHC"; CPHC and CPT are
collectively, known as the "Guarantors"), SOUTHTRUST BANK, NATIONAL ASSOCIATION, a national
banking association, AMSOUTH BANK, a state banking corporation, WACHOVIA BANK, N.A., a national
banking association, FIRST NATIONAL BANK OF COMMERCE, N.A., a national banking association,
WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association and PNC BANK,
NATIONAL ASSOCIATION, a national banking association, successor by merger to PNC Bank, Ohio,
National Association (collectively, the "Banks").
R E C I T A L S:
A. Borrower, Guarantors and Banks have entered into that certain Credit Agreement dated July 10, 1997 (as so
amended, the "Credit Agreement"). Capitalized terms used herein without definition shall have the meanings
ascribed to such terms in the Credit Agreement.
B. Borrower, Guarantors and Banks desire to amend the Credit Agreement to increase the Aggregate
Commitment from $200,000,000 to $250,000,000.
NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the
parties hereto agree as follows:
1. Article 1 of the Credit Agreement is hereby amended by deleting the definitions of "Agent Fee", "Aggregate
Commitment", "Commitment Fee", "Facility Fee", "Maximum Borrowing Base", "Pool", "Pool GAV", "Revolver
Period", "Stabilized Properties", and "Total Liabilities" , and by inserting in lieu thereof the following definitions:
"Agent Fee" means $50,000.
"Aggregate Commitment" means $250,000,000 subject to being decreased as set forth in Section 2.8.
"Commitment Fee" means a commitment fee equal to fifteen (15) basis points of the Aggregate Co