Amendment No. 2 to Term Loan Agreement
VIVMARK RESIDENTIAL
AMENDMENT NO. 2 TO TERM LOAN AGREEMENT
This AMENDMENT NO. 2 TO TERM LOAN AGREEMENT, dated as of August 17, 2026 (this “Amendment No.****** 2**”), is by and among AvalonBay Communities, Inc., a corporation organized under the laws of the State of Maryland (the “Existing Borrower”), ERP Operating Limited Partnership, an Illinois limited partnership (the “New Borrower”), the several lenders signatory hereto (collectively, the “Banks”), and Truist Bank, as administrative agent for the Banks (in such capacity, the “Administrative Agent”). Reference is made to that certain Term Loan Agreement, dated as of April 3, 2025 (as amended by the Amendment No. 1 to Term Loan Agreement, dated as of August 1, 2025, the “Existing Loan Agreement,” and the Existing Loan Agreement as amended by this Amendment No. 2, the “Loan Agreement”), by and among the Existing Borrower, the Banks party thereto and the Administrative Agent. Capitalized terms used herein without definition shall have the same meanings as set forth in the Loan Agreement.
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