Quarterly Report · Form 10-Q
Filing Table of Contents
Document/Exhibit Description Pages Size
1: 10-Q Gables Residential Trust 3 Q '97 10q 29 170K
2: EX-10 10.1 - 1st Amend. to Converson and Note Agreement 5± 25K
3: EX-10 10.2 2nd Amend. to Conversion and Note Agreement 3± 16K
4: EX-10 10.3 Unsecured Note No.1-$86,346,000-8/13/97 4± 24K
5: EX-10 10.4 Unsecured Note No.2-$29,681,000-8/13/97 4± 24K
6: EX-10 10.5 1st Amend.To $40,000,000 Term Loan Credit 6± 28K
7: EX-10 10.6 $175,000,000 Amend.And Restated Credit Agree. 87± 352K
8: EX-10 10.7 Interest Rate Protection Agreement 3± 16K
9: EX-10 10.8 $45,820,180 Letter of Credit Facility 78± 349K
10: EX-10 10.9 Forward Treasury Lock Agreement 4± 22K
11: EX-27 FDS -- Gables 3q Report 1 10K
EX-10 · 10.7 Interest Rate Protection Agreement
SWAP TRANSACTION
CONFIRMATION
Date: May 23, 1997
To: GABLES REALTY LIMITED PARTNERSHIP ("Counterparty")
Address: 2859 Paces Ferry Road, Suite 1450 Atlanta, GA 30339
Fax: (770) 435-7434
Attention: Marvin Banks
From: FIRST UNION NATIONAL BANK OF GEORGIA ("First Union")
Ref. No. 51824/64805
Dear Mr. Banks:
This confirms the terms of the Transaction described below between Counterparty
and First Union. This Transaction is subject to the 1991 ISDA Definitions
published by the International Swaps and Derivatives Association, Inc. ("ISDA
Definitions"), which are incorporated herein by reference. Fixed Amounts and
Floating Amounts for each applicable Payment Date hereunder will be calculated
in accordance with the ISDA Definitions, and if any Fixed Amount and Floating
Amount are for the same Payment Date hereunder, then those amounts shall not be
payable and instead the Fixed Rate Payer shall pay the positive difference, if
any, between the Fixed Amount and the Floating Amount, and the Floating Rate
Payer shall pay the positive difference, if any, between the Floating Amount and
the Fixed Amount.
Transaction Type: Interest Rate Swap
Currency for Payments: U.S. Dollars
Notional Amount: $25,000,000.00
TERM:
-----
Trade Date: May 23, 1997
Effective Date: February 27, 1998
Termination Date: February 28, 2000, subject to the Modified Following
Business Day Convention, provided that if the
Floating Rate Option (of the Designated Maturity)
for a Calculation Period is equal to or greater
6.70%, the Termination Date shall be the first day
of that Calculation Period.
FIXED AMOUNTS:
-------------
Fixed Rate Payer: Counterparty
Payment Dates: Monthly on the 27th day of each month commencing
March 27,1998, through and including the Termination
Date.
Business Day Convention: Modified Following
Business Day: New York
Fixed Rate: 5.76%
Fixed Rate Day Count
Fraction: Actual/360
FLOATING AMOUNTS:
------------------
Floating Rate Payer: First Union
Payment Dates: Monthly on the 27th day of each month commencing
March 27, 1998,through and including the Termination
Date.
Business Day Convention: Modified Following
Business Day: New York
Floating Rate for initial
Calculation Period: Determined two London Banking Days before the
Effective Date
Floating Rate Option: USD-LIBOR-BBA
Designated Maturity: 1 Month
Spread: None
Floating Rate Day
Count Fraction: Actual /360
Floating Rate determined: Two London Banking Days prior to each Reset Date
Reset Dates: The first day of each Calculation Period
Compounding: Inapplicable
Rounding convention: 5 decimal places per the ISDA Definitions
Calculation Agent: First Union
Payments to First Union: First Union Charlotte
Capital Markets
Attention: Derivatives Desk
Fed. ABA No.053000219
Ref. No.:51824/64805
First Union Settlements: Jay Saunders
Derivatives Desk
Tel:(704)383-1187
Fax: (704) 383-9139
First Union Address: One First Union Center
301 South College Street DC-4
Charlotte, NC 28288-0601
Payments to Counterparty: Please forward payment instructions to First Union
in Charlotte, NC. Payments will not be made to
Counterparty without its written instructions.
DOCUMENTATION
-------------
This Confirmation is a binding and complete contract between the parties,
provided that if at any time there exists a master agreement (however described)
between the parties governing this Transaction ("Master Agreement"), this
Confirmation supplements, forms part of and will be governed by the Master
Agreement. Unless otherwise provided in the Master Agreement, this Confirmation
is governed by the law (and not the law of conflicts) of the State of New York.
Please confirm that the foregoing correctly sets forth the terms of our
agreement by executing a copy of this Confirmation and returning it to us.
Very truly yours,
FIRST UNION NATIONAL BANK OF GEORGIA
By: /s/ Peter J. Lancos
--------------------------------
Name: Peter J. Lancos
--------------------------------
Title: Vice President
--------------------------------
By: /s/ Delene Travella
--------------------------------
Name: Delene M. Travella
--------------------------------
Title: Vice President
--------------------------------
Accepted and confirmed as of the date first above written:
GABLES REALTY LIMITED PARTNERSHIP
By: /s/ Marvin R. Banks, Jr.
-------------------------------
Name: Marvin R. Banks, Jr.
-------------------------------
Title: Sr. Vice President
-------------------------------
Dates Referenced Herein and Documents Incorporated By Reference
| This 10-Q Filing | | Date | | Other Filings |
|---|
| |  |
| | 5/23/97 |
| For The Period Ended | | 9/30/97 | | 8-K |
| Filed On / Filed As Of | | 11/14/97 |
| | 11/19/97 |
| | 2/27/98 |
| | 3/27/98 |
| | 2/28/0 |
| |
| Top | | List All Filings |
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