Real Estate

2003

Cash Collateral Agreement

Cash Collateral Agreement (21K)

Doc #164823: Click preview link for longer preview.

CASH COLLATERAL AGREEMENT

Cash Collateral Agreement made as of February 11, 2003, by and
among MGN America, Inc. ("MGN"), Bank Leumi Le-Israel B.M. (the "Bank"), and
Bank Leumi USA ("BLUSA").

WHEREAS, the Bank has agreed to extend credit up to an
aggregate amount of US$30,000,000 (the "Credit") to Gazit Globe (1982) Ltd.
("Gazit"), upon the terms and conditions set forth in that certain (i)
commitment letter dated October 28, 2002, between the Bank and Gazit, and (ii)
General Conditions for Opening an Account and Receiving Credits in Foreign
Currency and in Israeli Currency dated November 25, 1994, between the Bank and
Gazit (the principal with accrued interest and fees thereon, the "Loan
Obligations"); and

WHEREAS, Gazit has loaned the proceeds of the Credit to MGN,
its subsidiary, to finance the purchase by MGN of up to 4,284,820 shares of
common stock (the "Common Shares") of Equity One, Inc., a Maryland corporation
(the "Company"); and

WHEREAS, MGN has guaranteed the prompt and full payment and
performance of the Loan Obligations pursuant to that certain Guarantee dated as
of February 11, 2003 (the "Guarantee"), executed by MGN in favor of the Bank;
and

WHEREAS, MGN and the Bank have entered into a Pledge and
Security Agreement, dated as of February 11, 2003 (the "Pledge and Security
Agreement") wherein and whereby MGN, as Pledgor, has pledged to the Bank, among
other things, the Common Shares and all dividends or other cash paid on or by
reason of MGN's ownership of the Common Shares (together with interest thereon,
the "Cash Collateral") as security for the full and faithful performance by MGN
of its obligations under the Guarantee; and

WHEREAS, the Pledge and Security Agreement provides, among
other things, that (i) MGN shall establish a cash collateral bank account with
BLUSA (the "Cash Collateral Account"), to be pledged in favor of the Bank as
security for the performance by MGN of its obligations under the Guarantee, (ii)
all dividends or other cash paid by the Company on or by reason of the Common
Shares shall be deposited into the Cash Collateral Account, and (iii) that the
Bank's Pledged Collateral (as defined in the Pledge and Security Agreement)
shall include the Cash Collateral Account; and

WHEREAS, the parties are entering into this Cash Collateral
Agreement in order to implement the provisions of the Pledge and Security
Agreement with respect to the Cash Collateral Account, including perfection of
the security interest of the Bank in the Cash Collateral Account.

NOW THEREFORE, the parties agree:

1. The Account. BLUSA hereby is establishing a Cash
Collateral Account, in the name of MGN, at BLUSA's office located at 564
Fifth Avenue, New York, New York (Numbers ____________ and ____________)
into which there shall be deposited all cash

164823

Equity One;

White & Case;

MGN America, Inc.;

Bank Leumi Le-Israel B.M.; Bank Leumi USA

$41

2003

Cash Collateral Agreement

Equity One

$73

2003

Grubb & Ellis

Grubb & Ellis Co. (

Real Estate )

As referenced in this Guarantee and Collateral Agreement:

GRUBB & ELLIS CO – EX-4.8 4 c28242_ex4-8.txt Exhibit 4.8 GUARANTEE AND COLLATERAL AGREEMENT made by GRUBB & ELLIS CO MPANY and certain of its Subsidiaries in favor of KOJAIAN FUNDING, L.L.C. Dated as of May 9, 2003 TABLE OF CONTENTS PAGE SECTION 1. DEFINED TERMS 1
_____________

GRUBB & ELLIS CO – in favor of KOJAIAN FUNDING, L.L.C., a Michigan limited liability company, (the "Lender") party to the Letter Agreement, dated as of May 7, 2003 (the "LETTER AGREEMENT"), between GRUBB & ELLIS CO MPANY, a Delaware corporation (the "Borrower") and the Lender. WITNESSETH: WHEREAS, pursuant to the Letter Agreement, the Lender has agreed to make a Four Million Dollar ($4,000,000) loan
_____________

Grubb & Ellis Co – not constitute notice): Carson Fischer, P.L.C. 300 East Maple Road - Third Floor Birmingham, Michigan 48009 Attn: Robert M. Carson, Esq. Telecopier No. (248) 644-1832 If to Borrower: Grubb & Ellis Co mpany 2215 Sanders Road, Suite 400 Northbrook, Illinois 60062 Attn: Robert Walner Telecopier No. (847) 753-9060 with a copy to (which shall not constitute notice): Clifford A. Brandeis, Esq.
_____________

GRUBB & ELLIS CO – FOLLOWS - 24 IN WITNESS WHEREOF, each of the undersigned has caused this Guarantee and Collateral Agreement to be duly executed and delivered as of the date first above written. GRUBB & ELLIS CO MPANY, a Delaware corporation By: ---------------------------------------- Title: ------------------------------------- GRUBB & ELLIS NEW YORK, a New York corporation By: ---------------------------------------- Title: ------------------------------------- GRUBB & ELLIS OF MICHIGAN, a Michigan corporation By: ---------------------------------------- Title: ------------------------------------- GRUBB & ELLIS OF OREGON, INC.,
_____________

GRUBB & ELLIS CO – written. GRUBB & ELLIS EUROPE, INC., a California corporation By: ---------------------------------------- Title: ------------------------------------- GRUBB & ELLIS MORTGAGE GROUP, INC., a California corporation By: ---------------------------------------- Title: ------------------------------------- GRUBB & ELLIS MANAGEMENT SERVICES, INC., a Delaware corporation By: ---------------------------------------- Title: ------------------------------------- GRUBB & ELLIS CO NSULTING SERVICES COMPANY, a Florida corporation By: ---------------------------------------- Title: ------------------------------------- LANDAUER HOSPITALITY INTERNATIONAL, INC., a Delaware corporation By: ---------------------------------------- Title: ------------------------------------- GRUBB & ELLIS MANAGEMENT SERVICES OF MICHIGAN, INC., a Michigan corporation By: ---------------------------------------- Title: ------------------------------------- 26 <
_____________

dt 1375935

;

BofA

$45

2003

Reckson Associates Realty Corp. (

FrontLine;

Reckson

Real Estate )

As referenced in this Guarantee and Collateral Agreement:

Reckson Associates Realty Corp – any or all of the Pledged Securities as a result of a merger, reorganization, stock split, reclassification, recapitalization or other similar change relating to the Pledged Securities or otherwise. "Reckson": Reckson Associates Realty Corp . "Recourse Losses": as defined in Section 2.1(a). "ROP": Reckson Operating Partnership, L.P. "ROP Asset": as defined in the Environmental Indemnity Agreement. "Securities Act": the Securities Act
_____________

Reckson Associates Realty Corp – not individually ------------------------------------- Seth B. Lipsay, as a Management Committee member and not individually ------------------------------------- Steven H. Shepsman, as a Management Committee Member and not individually RECKSON OPERATING PARTNERSHIP, L.P. By: Reckson Associates Realty Corp ., its general partner By: ------------------------------------ Name: Title: RSI FUND MANAGEMENT, LLC By: FrontLine Capital Group, its Managing Member By: ---------------------------------------- Name: Title: NEW WORLD REALTY, LLC By: New World Realty
_____________

dt 1501098

;

PNC Bank

$35

2003

Cash Collateral Agreement

FrontLine;

FrontLine

$95

2002

Copps;

Public Storage

Canadian Imperial Bank of Commerce (

Real Estate )

As referenced in this Guarantee and Collateral Agreement:

Public Storage Inc – Secretary of State of the State of Delaware ---------------------------------------------------------------------------------------------------------------------- Cardinal Foods, Inc. Delaware Secretary of State of the State of Delaware ---------------------------------------------------------------------------------------------------------------------- The Copps Corporation Wisconsin Wisconsin Department of Financial Institutions ---------------------------------------------------------------------------------------------------------------------- Holt Public Storage Inc . Wisconsin Wisconsin Department of Financial Institutions ---------------------------------------------------------------------------------------------------------------------- Insurance Planners, Inc. Wisconsin Wisconsin Department of Financial Institutions ---------------------------------------------------------------------------------------------------------------------- I.T.A., Inc. Wisconsin Wisconsin Department of Financial Institutions ---------------------------------------------------------------------------------------------------------------------- Jondex Corp. Wisconsin Wisconsin
_____________

Public Storage Inc – S> <C> <C> -------------------------------------------------------------------------------- Roundy's, Inc. Wisconsin 1R04119 -------------------------------------------------------------------------------- Roundy's Acquisition Corp. Delaware 3503625 -------------------------------------------------------------------------------- Cardinal Foods, Inc. Delaware 2110522 -------------------------------------------------------------------------------- The Copps Corporation Wisconsin 1C10400 -------------------------------------------------------------------------------- Holt Public Storage Inc . Wisconsin H023974 -------------------------------------------------------------------------------- Insurance Planners, Inc. Wisconsin 1I02836 -------------------------------------------------------------------------------- I.T.A., Inc. Wisconsin K022601 -------------------------------------------------------------------------------- Jondex Corp. Wisconsin 1J01342 -------------------------------------------------------------------------------- Kee Trans, Inc. Wisconsin K022603 -------------------------------------------------------------------------------- Mega Marts, Inc. Wisconsin M036250 -------------------------------------------------------------------------------- The Midland
_____________

Public Storage, Inc – Winnebago X Oshkosh, WI 54907 --------------------------------------------------------------------------------------------------------------------------------- The Copps Corporation 315 South Main Street Clark X Greenwood, WI 54437 --------------------------------------------------------------------------------------------------------------------------------- The Copps Corporation 3501 Dixon Street Portage X Stevens Point, WI 54481 --------------------------------------------------------------------------------------------------------------------------------- Holt Public Storage, Inc . 7501 North 81 Street (187) Milwaukee X X X Milwaukee, WI 53223 --------------------------------------------------------------------------------------------------------------------------------- Insurance Planners, Inc. 23050 Roundy Drive (1B) Waukesha X X Pewaukee, WI 53072 --------------------------------------------------------------------------------------------------------------------------------- I.T.A., Inc.
_____________

dt 1544352

;

CIBC

Regional Banks )

As referenced in this Guarantee and Collateral Agreement:

Canadian Imperial Bank of Commerce, – entities from time to time parties to the Credit Agreement (the "Lenders"), Bear, Stearns & Co. Inc., as sole lead arranger and sole book manager (in such capacity, the "Arranger"), Canadian Imperial Bank of Commerce, as syndication agent (in such capacity, the "Syndication Agent"), and the Administrative Agent. W I T N E S S E T H: WHEREAS, pursuant to the Credit Agreement,
_____________

Canadian Imperial Bank of Commerce, – amp; Co. Inc., as sole lead arranger and sole bookrunner (in such capacity, the "Lead Arranger"), Bear Stearns Corporate Lending Inc., as administrative agent (in such capacity, the "Administrative Agent"), Canadian Imperial Bank of Commerce, as syndication agent (in such capacity, the "Syndication Agent"), and the institutions listed in the Credit Agreement as documentation agents (in such capacity, the "Documentation Agent"). Terms defined in
_____________

Canadian Imperial Bank of Commerce, – amp; Co. Inc., as sole lead arranger and sole bookrunner (in such capacity, the "Lead Arranger"), Bear Stearns Corporate Lending Inc., as administrative agent (in such capacity, the "Administrative Agent"), Canadian Imperial Bank of Commerce, as syndication agent (in such capacity, the "Syndication Agent"), and the institutions listed in the Credit Agreement as documentation agent (in such capacity, the "Documentation Agent"), the undersigned [INSERT
_____________

Canadian Imperial Bank of Commerce, – amp; Co. Inc., as sole lead arranger and sole bookrunner (in such capacity, the "Lead Arranger"), Bear Stearns Corporate Lending Inc., as administrative agent (in such capacity, the "Administrative Agent"), Canadian Imperial Bank of Commerce, as syndication agent (in such capacity, the "Syndication Agent"), and the institutions listed in the Credit Agreement as documentation agent (in such capacity, the "Documentation Agent"). Unless otherwise defined
_____________

Canadian Imperial Bank of Commerce, – amp; Co. Inc., as sole lead arranger and sole bookrunner (in such capacity, the "Lead Arranger"), Bear Stearns Corporate Lending Inc., as administrative agent (in such capacity, the "Administrative Agent"), Canadian Imperial Bank of Commerce, as syndication agent (in such capacity, the "Syndication Agent"), and the institutions listed in the Credit Agreement as documentation agent (in such capacity, the "Documentation Agent"). Capitalized terms used
_____________

dt 1372600

$99

2002

Bear, Stearns

Bear, Stearns & Co. Inc.

As referenced in this Guarantee and Collateral Agreement:

Bear, Stearns & Co – a Delaware corporation, Roundy's, Inc., a Wisconsin corporation (the "Borrower"), the several banks, financial institutions and other entities from time to time parties to the Credit Agreement (the "Lenders"), Bear, Stearns & Co . Inc., as sole lead arranger and sole book manager (in such capacity, the "Arranger"), Canadian Imperial Bank of Commerce, as syndication agent (in such capacity, the "Syndication Agent"), and
_____________

Bear, Stearns & Co – s Acquisition Corp., a Delaware corporation, Roundy's, Inc., a Wisconsin corporation (the "Borrower"), the several banks, financial institutions and other entities from time to time parties thereto (the "Lenders"), Bear, Stearns & Co . Inc., as sole lead arranger and sole bookrunner (in such capacity, the "Lead Arranger"), Bear Stearns Corporate Lending Inc., as administrative agent (in such capacity, the "Administrative Agent"), Canadian
_____________

Bear, Stearns & Co – s Acquisition Corp., a Delaware corporation, Roundy's, Inc., a Wisconsin corporation (the "Borrower"), the several banks, financial institutions and other entities from time to time parties thereto (the "Lenders"), Bear, Stearns & Co . Inc., as sole lead arranger and sole bookrunner (in such capacity, the "Lead Arranger"), Bear Stearns Corporate Lending Inc., as administrative agent (in such capacity, the "Administrative Agent"), Canadian
_____________

Bear, Stearns & Co – s Acquisition Corp., a Delaware corporation, Roundy's, Inc., a Wisconsin corporation (the "Borrower"), the several banks, financial institutions and other entities from time to time parties thereto (the "Lenders"), Bear, Stearns & Co . Inc., as sole lead arranger and sole bookrunner (in such capacity, the "Lead Arranger"), Bear Stearns Corporate Lending Inc., as administrative agent (in such capacity, the "Administrative Agent"), Canadian
_____________

Bear, Stearns & Co – s Acquisition Corp., a Delaware corporation, Roundy's, Inc., a Wisconsin corporation (the "Borrower"), the several banks, financial institutions and other entities from time to time parties thereto (the "Lenders"), Bear, Stearns & Co . Inc., as sole lead arranger and sole bookrunner (in such capacity, the "Lead Arranger"), Bear Stearns Corporate Lending Inc., as administrative agent (in such capacity, the "Administrative Agent"), Canadian
_____________

dt 1361440

;

Public Storage

Canadian Imperial Bank of Commerce (

Real Estate )

As referenced in this Guarantee and Collateral Agreement:

Public Storage Inc –

Secretary of State of the State of Delaware
----------------------------------------------------------------------------------------------------------------------
Cardinal Foods, Inc.                Delaware                          Secretary of State of the State of Delaware
----------------------------------------------------------------------------------------------------------------------
The Copps Corporation               Wisconsin                         Wisconsin Department of Financial Institutions
----------------------------------------------------------------------------------------------------------------------
Holt Public Storage Inc .            Wisconsin                         Wisconsin Department of Financial Institutions
----------------------------------------------------------------------------------------------------------------------
Insurance Planners, Inc.            Wisconsin                         Wisconsin Department of Financial Institutions
----------------------------------------------------------------------------------------------------------------------
I.T.A., Inc.                        Wisconsin                         Wisconsin Department of Financial Institutions
----------------------------------------------------------------------------------------------------------------------
Jondex Corp.                        Wisconsin                         Wisconsin

_____________

Public Storage Inc –

OF                  IDENTIFICATION
       NAME                           ORGANIZATION                    NUMBER
                                                            
--------------------------------------------------------------------------------
 Roundy's, Inc.                       Wisconsin                   1R04119
--------------------------------------------------------------------------------
 Roundy's Acquisition Corp.           Delaware                    3503625
--------------------------------------------------------------------------------
 Cardinal Foods, Inc.                 Delaware                    2110522
--------------------------------------------------------------------------------
 The Copps Corporation                Wisconsin                   1C10400
--------------------------------------------------------------------------------
 Holt Public Storage Inc .             Wisconsin                   H023974
--------------------------------------------------------------------------------
 Insurance Planners, Inc.             Wisconsin                   1I02836
--------------------------------------------------------------------------------
 I.T.A., Inc.                         Wisconsin                   K022601
--------------------------------------------------------------------------------
 Jondex Corp.                         Wisconsin                   1J01342
--------------------------------------------------------------------------------
 Kee Trans, Inc.                      Wisconsin                   K022603
--------------------------------------------------------------------------------
 Mega Marts, Inc.                     Wisconsin                   M036250
--------------------------------------------------------------------------------
 The Midland

_____________

Public Storage, Inc –

Winnebago                                                         X
                             Oshkosh, WI 54907
---------------------------------------------------------------------------------------------------------------------------------
The Copps Corporation        315 South Main Street            Clark                                                           X
                             Greenwood, WI 54437
---------------------------------------------------------------------------------------------------------------------------------
The Copps Corporation        3501 Dixon Street               Portage                                                 X
                             Stevens Point, WI 54481
---------------------------------------------------------------------------------------------------------------------------------
Holt Public Storage, Inc .    7501 North 81 Street (187)     Milwaukee       X        X          X
                             Milwaukee, WI 53223
---------------------------------------------------------------------------------------------------------------------------------
Insurance Planners, Inc.     23050 Roundy Drive (1B)         Waukesha       X                              X
                             Pewaukee, WI 53072
---------------------------------------------------------------------------------------------------------------------------------
I.T.A., Inc.

_____________

dt 1867468

;

Roundys Supermarkets;

Bear, Stearns

Bear, Stearns & Co. Inc. (

Financial )

;

CIBC

Regional Banks )

As referenced in this Guarantee and Collateral Agreement:

Canadian Imperial Bank of Commerce, – other entities from time to time parties to the Credit Agreement (the "Lenders"), Bear, Stearns & Co. Inc., as sole lead arranger and sole book manager (in such capacity, the "Arranger"), Canadian Imperial Bank of Commerce, as syndication agent (in such capacity, the "Syndication Agent"), and the Administrative Agent. W I T N E S S E T H: WHEREAS, pursuant to the Credit Agreement,
_____________

Canadian Imperial Bank of Commerce, – Stearns & Co. Inc., as sole lead arranger and sole bookrunner (in such capacity, the "Lead Arranger"), Bear Stearns Corporate Lending Inc., as administrative agent (in such capacity, the "Administrative Agent"), Canadian Imperial Bank of Commerce, as syndication agent (in such capacity, the "Syndication Agent"), and the institutions listed in the Credit Agreement as documentation agents (in such capacity, the "Documentation Agent"). Terms defined in
_____________

Canadian Imperial Bank of Commerce, – Stearns & Co. Inc., as sole lead arranger and sole bookrunner (in such capacity, the "Lead Arranger"), Bear Stearns Corporate Lending Inc., as administrative agent (in such capacity, the "Administrative Agent"), Canadian Imperial Bank of Commerce, as syndication agent (in such capacity, the "Syndication Agent"), and the institutions listed in the Credit Agreement as documentation agent (in such capacity, the "Documentation Agent"), the undersigned [INSERT
_____________

Canadian Imperial Bank of Commerce, – Stearns & Co. Inc., as sole lead arranger and sole bookrunner (in such capacity, the "Lead Arranger"), Bear Stearns Corporate Lending Inc., as administrative agent (in such capacity, the "Administrative Agent"), Canadian Imperial Bank of Commerce, as syndication agent (in such capacity, the "Syndication Agent"), and the institutions listed in the Credit Agreement as documentation agent (in such capacity, the "Documentation Agent"). Unless otherwise defined
_____________

Canadian Imperial Bank of Commerce, – Stearns & Co. Inc., as sole lead arranger and sole bookrunner (in such capacity, the "Lead Arranger"), Bear Stearns Corporate Lending Inc., as administrative agent (in such capacity, the "Administrative Agent"), Canadian Imperial Bank of Commerce, as syndication agent (in such capacity, the "Syndication Agent"), and the institutions listed in the Credit Agreement as documentation agent (in such capacity, the "Documentation Agent"). Capitalized terms used
_____________

dt 1372653

;

Kirkland & Ellis

$67

2002

Bear, Stearns

Bear, Stearns & Co. Inc.

;

Public Storage

Canadian Imperial Bank of Commerce (

Real Estate )

As referenced in this Guarantee and Collateral Agreement:

Public Storage Inc – Secretary of State of the State of Delaware ---------------------------------------------------------------------------------------------------------------------- Cardinal Foods, Inc. Delaware Secretary of State of the State of Delaware ---------------------------------------------------------------------------------------------------------------------- The Copps Corporation Wisconsin Wisconsin Department of Financial Institutions ---------------------------------------------------------------------------------------------------------------------- Holt Public Storage Inc . Wisconsin Wisconsin Department of Financial Institutions ---------------------------------------------------------------------------------------------------------------------- Insurance Planners, Inc. Wisconsin Wisconsin Department of Financial Institutions ---------------------------------------------------------------------------------------------------------------------- I.T.A., Inc. Wisconsin Wisconsin Department of Financial Institutions ---------------------------------------------------------------------------------------------------------------------- Jondex Corp. Wisconsin Wisconsin
_____________

Public Storage Inc – OF IDENTIFICATION NAME ORGANIZATION NUMBER {S} {C} {C} -------------------------------------------------------------------------------- Roundy's, Inc. Wisconsin 1R04119 -------------------------------------------------------------------------------- Roundy's Acquisition Corp. Delaware 3503625 -------------------------------------------------------------------------------- Cardinal Foods, Inc. Delaware 2110522 -------------------------------------------------------------------------------- The Copps Corporation Wisconsin 1C10400 -------------------------------------------------------------------------------- Holt Public Storage Inc . Wisconsin H023974 -------------------------------------------------------------------------------- Insurance Planners, Inc. Wisconsin 1I02836 -------------------------------------------------------------------------------- I.T.A., Inc. Wisconsin K022601 -------------------------------------------------------------------------------- Jondex Corp. Wisconsin 1J01342 -------------------------------------------------------------------------------- Kee Trans, Inc. Wisconsin K022603 -------------------------------------------------------------------------------- Mega Marts, Inc. Wisconsin M036250 -------------------------------------------------------------------------------- The Midland
_____________

Public Storage, Inc – Winnebago X Oshkosh, WI 54907 --------------------------------------------------------------------------------------------------------------------------------- The Copps Corporation 315 South Main Street Clark X Greenwood, WI 54437 --------------------------------------------------------------------------------------------------------------------------------- The Copps Corporation 3501 Dixon Street Portage X Stevens Point, WI 54481 --------------------------------------------------------------------------------------------------------------------------------- Holt Public Storage, Inc . 7501 North 81 Street (187) Milwaukee X X X Milwaukee, WI 53223 --------------------------------------------------------------------------------------------------------------------------------- Insurance Planners, Inc. 23050 Roundy Drive (1B) Waukesha X X Pewaukee, WI 53072 --------------------------------------------------------------------------------------------------------------------------------- I.T.A., Inc.
_____________

dt 1544366

;

R0pak;

Bear, Stearns

Bear, Stearns & Co. Inc. (

Financial )

;

CIBC

Regional Banks )

;

Kirkland & Ellis

$99

2002

Bear, Stearns

Bear, Stearns & Co. Inc.

;

Public Storage