Common use of CONDITIONS PRECEDENT TO LOANS AND LETTERS Clause in Contracts

CONDITIONS PRECEDENT TO LOANS AND LETTERS. OF CREDIT 58 Section 3.1. Conditions To Initial Borrowing 58 Section 3.2. Each Credit Event 61 Section 3.3. Delivery of Documents 61 ARTICLE IV REPRESENTATIONS AND WARRANTIES 61 Section 4.1. Existence; Power 61 Section 4.2. Organizational Power; Authorization 62 Section 4.3. Governmental Approvals; No Conflicts 62 Section 4.4. Financial Statements 62 Section 4.5. Litigation and Environmental Matters 62 Section 4.6. Compliance with Laws and Agreements 63 Section 4.7. Investment Company Act, Etc. 63 Section 4.8. Taxes; Fees 63 Section 4.9. Margin Regulations 63 Section 4.10. ERISA 63 Section 4.11. Ownership of Property 64 Section 4.12. Disclosure 64 Section 4.13. Labor Relations 64 Section 4.14. Subsidiaries 64 Section 4.15. Insolvency 65 Section 4.16. OFAC 65 Section 4.17. Compliance with Patriot Act and Other Laws 65 Section 4.18. Security Documents 65 Section 4.19. Existing Indebtedness 66 ARTICLE V AFFIRMATIVE COVENANTS 66 Section 5.1. Financial Statements and Other Information 66 Section 5.2. Notices of Material Events 67 Section 5.3. Existence; Conduct of Business 68 Section 5.4. Compliance with Laws, Etc. 68 Section 5.5. Payment of Obligations 68 Section 5.6. Books and Records 68 Section 5.7. Visitation, Inspection, Etc. 68 Section 5.8. Maintenance of Properties; Insurance 69 Section 5.9. Use of Proceeds and Letters of Credit 69 Section 5.10. [Intentionally Omitted] 69 Section 5.11. Additional Subsidiaries 69 Section 5.12. Further Assurances 71 Section 5.13. Post Closing Covenant 71 Page ARTICLE VI FINANCIAL COVENANTS 71 Section 6.1. Leverage Ratio 71 Section 6.2. Interest Coverage Ratio 72 Section 6.3. Consolidated Net Worth 72 Section 6.4. Collateral Asset Value 72 ARTICLE VII NEGATIVE COVENANTS 72 Section 7.1. Indebtedness. 72 Section 7.2. Negative Pledge 73 Section 7.3. Fundamental Changes 73 Section 7.4. Loans and Other Investments, Etc. 74 Section 7.5. Restricted Payments 75 Section 7.6. Sale of Assets 75 Section 7.7. Transactions with Affiliates 75 Section 7.8. Restrictive Agreements 75 Section 7.9. Hedging Transactions 76 Section 7.10. Amendment to Material Documents 76 Section 7.11. Accounting Changes 76 ARTICLE VIII EVENTS OF DEFAULT 76 Section 8.1. Events of Default 76 Section 8.2. Application of Proceeds from Collateral 79 ARTICLE IX THE ADMINISTRATIVE AGENT 79 Section 9.1. Appointment of Administrative Agent 79 Section 9.2. Nature of Duties of Administrative Agent 80 Section 9.3. Lack of Reliance on the Administrative Agent 80 Section 9.4. Certain Rights of the Administrative Agent 81 Section 9.5. Reliance by Administrative Agent 81 Section 9.6. The Administrative Agent in its Individual Capacity 81 Section 9.7. Successor Administrative Agent 81 Section 9.8. Authorization to Execute other Loan Documents 82 Section 9.9. Documentation Agent; Syndication Agent 82 ARTICLE X MISCELLANEOUS 82 Section 10.1. Notices 82 Section 10.2. Waiver; Amendments 84 Page Section 10.3. Expenses; Indemnification 86 Section 10.4. Successors and Assigns 88 Section 10.5. GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 91 Section 10.6. WAIVER OF JURY TRIAL 92 Section 10.7. Right of Setoff 92 Section 10.8. Counterparts; Integration 93 Section 10.9. Survival 93 Section 10.10. Severability 93 Section 10.11. Confidentiality 94 Section 10.12. Interest Rate Limitation 94 Section 10.13. Waiver of Effect of Corporate Seal 94 Section 10.14. Patriot Act 94 Section 10.15. Officer’s Certificates 95 Section 10.16. Effect of Inclusion of Exceptions 95 Schedules Schedule I — Applicable Margin and Applicable Percentage Schedule II — Commitment Amounts Schedule 2.23 — Existing Letters of Credit Schedule 4.14 — Subsidiaries Schedule 7.1 — Existing Indebtedness Schedule 7.2 — Existing Liens Schedule 7.4 — Existing Investments Exhibits Exhibit A — Form of Revolving Credit Note Exhibit B — Form of Swingline Note Exhibit C — Form of Assignment and Acceptance Exhibit D — Form of Subsidiary Guaranty Agreement Exhibit 2.3 — Form of Notice of Revolving Borrowing Exhibit 2.4 — Form of Notice of Swingline Borrowing Exhibit 2.8 — Form of Notice of Continuation/Conversion Exhibit 5.1(c) — Form of Compliance Certificate REVOLVING CREDIT AGREEMENT THIS REVOLVING CREDIT AGREEMENT (this “Agreement”) is made and entered into as of August 3, 2006, by and among BXXXXXX GROUP INC., a Delaware corporation (the “Borrower”), the several banks and other financial institutions and lenders from time to time party hereto (the “Lenders”), SUNTRUST BANK, in its capacity as administrative agent for the Lenders (the “Administrative Agent”), as issuing bank (the “Issuing Bank”) and as swingline lender (the “Swingline Lender”) JPMORGAN CHASE BANK, NATIONAL ASSOCIATION as Syndication Agent, and WXXXX FARGO BANK, NATIONAL ASSOCIATION, as Documentation Agent (the “Documentation Agent”).

CONDITIONS PRECEDENT TO LOANS AND LETTERS. OF CREDIT 58 70 Section 3.1. Conditions To Initial Borrowing 58 to Effectiveness 70 Section 3.2. Conditions to Each Credit Event 61 72 Section 3.3. Delivery of Documents 61 7172 ARTICLE IV REPRESENTATIONS AND WARRANTIES 61 73 Section 4.1. Existence; Power 61 73 Section 4.2. Organizational Power; Authorization 62 73 Section 4.3. Governmental Approvals; No Conflicts 62 73 Section 4.4. Financial Statements 62 73 Section 4.5. Litigation and Environmental Matters 62 7273 Section 4.6. Compliance with Laws and Agreements 63 7375 Section 4.7. Investment Company Act, Etc. 63 Act 75 Section 4.8. Taxes; Fees 63 Taxes 75 Section 4.9. Margin Regulations 63 75 Section 4.10. ERISA 63 7475 Section 4.11. Ownership of Property 64 Property; Insurance 76 Section 4.12. Disclosure 64 7576 Section 4.13. Labor Relations 64 77 Section 4.14. Subsidiaries 64 77 Section 4.15. Insolvency 65 Solvency 77 Section 4.16. OFAC 65 [Reserved] 77 Section 4.17. Compliance with Patriot Act and Other Laws 65 [Reserved] 77 Section 4.18. Security Documents 65 Unencumbered Pool Properties 77 Section 4.19. Existing Indebtedness 66 Material Agreements 7677 Section 4.20. Healthcare Matters 7677 Section 4.21. Sanctions and Anti-Corruption Laws 7778 Section 4.22. [Reserved] 79 Section 4.23. REIT Status 79 Section 4.24. Unencumbered Pool Properties 79 Section 4.25. Affected Financial Institutions 79 Section 4.26. Beneficial Ownership Certification 79 ARTICLE V AFFIRMATIVE COVENANTS 66 79 Section 5.1. Financial Statements and Other Information 66 79 Section 5.2. Notices of Material Events 67 81 Section 5.3. Existence; Conduct of Business 68 8283 Section 5.4. Compliance with Laws, Etc. 68 Laws 8283 Section 5.5. Payment of Obligations 68 8283 Section 5.6. Books and Records 68 84 Section 5.7. Visitation, Inspection, Etc. 68 Visitation and Inspection 84 Section 5.8. Maintenance of Properties; Insurance 69 84 Section 5.9. Use of Proceeds and Letters of Credit 69 Proceeds; Margin Regulations 8384 Section 5.10. [Intentionally Omitted] 69 Operating Accounts 8384 Section 5.11. Additional Subsidiaries 69 Guarantors 8385 Section 5.12. Further Assurances 71 86 Section 5.13. Post Closing Covenant 71 Page REIT Status 8586 Section 5.14. Healthcare Matters 8586 Section 5.15. Environmental Matters 87 Section 5.16. [Reserved] 8687 Section 5.17. Beneficial Ownership Regulation 88 ARTICLE VI FINANCIAL COVENANTS 71 88 Section 6.1. Leverage Ratio 71 88 Section 6.2. Interest Fixed Charge Coverage Ratio 72 88 Section 6.3. Consolidated Tangible Net Worth 72 88 Section 6.4. Collateral Asset Value 72 ARTICLE VII NEGATIVE COVENANTS 72 Unencumbered Leverage Ratio 88 Section 7.1. Indebtedness. 72 Section 7.2. Negative Pledge 73 Section 7.3. Fundamental Changes 73 Section 7.4. Loans and Other Investments, Etc. 74 Section 7.56.5. Restricted Payments 75 8788 Section 7.66.6. Sale of Assets 75 Restriction on Secured Indebtedness 8788 Section 7.76.7. Transactions with Affiliates 75 Section 7.8. Restrictive Agreements 75 Section 7.9. Hedging Transactions 76 Section 7.10. Amendment to Material Documents 76 Section 7.11. Accounting Changes 76 ARTICLE VIII EVENTS OF DEFAULT 76 Section 8.1. Events of Default 76 Section 8.2. Application of Proceeds from Collateral 79 ARTICLE IX THE ADMINISTRATIVE AGENT 79 Section 9.1. Appointment of Administrative Agent 79 Section 9.2. Nature of Duties of Administrative Agent 80 Section 9.3. Lack of Reliance Restriction on the Administrative Agent 80 Section 9.4. Certain Rights of the Administrative Agent 81 Section 9.5. Reliance by Administrative Agent 81 Section 9.6. The Administrative Agent in its Individual Capacity 81 Section 9.7. Successor Administrative Agent 81 Section 9.8. Authorization to Execute other Loan Documents 82 Section 9.9. Documentation Agent; Syndication Agent 82 ARTICLE X MISCELLANEOUS 82 Section 10.1. Notices 82 Section 10.2. Waiver; Amendments 84 Page Section 10.3. Expenses; Indemnification 86 Section 10.4. Successors and Assigns 88 Section 10.5. GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 91 Section 10.6. WAIVER OF JURY TRIAL 92 Section 10.7. Right of Setoff 92 Section 10.8. Counterparts; Integration 93 Section 10.9. Survival 93 Section 10.10. Severability 93 Section 10.11. Confidentiality 94 Section 10.12. Interest Rate Limitation 94 Section 10.13. Waiver of Effect of Corporate Seal 94 Section 10.14. Patriot Act 94 Section 10.15. Officer’s Certificates 95 Section 10.16. Effect of Inclusion of Exceptions 95 Schedules Schedule I — Applicable Margin and Applicable Percentage Schedule II — Commitment Amounts Schedule 2.23 — Existing Letters of Credit Schedule 4.14 — Subsidiaries Schedule 7.1 — Existing Indebtedness Schedule 7.2 — Existing Liens Schedule 7.4 — Existing Investments Exhibits Exhibit A — Form of Revolving Credit Note Exhibit B — Form of Swingline Note Exhibit C — Form of Assignment and Acceptance Exhibit D — Form of Subsidiary Guaranty Agreement Exhibit 2.3 — Form of Notice of Revolving Borrowing Exhibit 2.4 — Form of Notice of Swingline Borrowing Exhibit 2.8 — Form of Notice of Continuation/Conversion Exhibit 5.1(c) — Form of Compliance Certificate REVOLVING CREDIT AGREEMENT THIS REVOLVING CREDIT AGREEMENT (this “Agreement”) is made and entered into as of August 3, 2006, by and among BXXXXXX GROUP INC., a Delaware corporation (the “Borrower”), the several banks and other financial institutions and lenders from time to time party hereto (the “Lenders”), SUNTRUST BANK, in its capacity as administrative agent for the Lenders (the “Administrative Agent”), as issuing bank (the “Issuing Bank”) and as swingline lender (the “Swingline Lender”) JPMORGAN CHASE BANK, NATIONAL ASSOCIATION as Syndication Agent, and WXXXX FARGO BANK, NATIONAL ASSOCIATION, as Documentation Agent (the “Documentation Agent”).Recourse Debt 8788

CONDITIONS PRECEDENT TO LOANS AND LETTERS. OF CREDIT 58 69 Section 3.1. Conditions To Initial Borrowing 58 to Effectiveness 69 Section 3.2. Conditions to Each Credit Event 61 72 Section 3.3. Delivery of Documents 61 72 Section 3.4. Effect on Existing Credit Facility 73 ARTICLE IV REPRESENTATIONS AND WARRANTIES 61 69 Section 4.1. Existence; Power 61 69 Section 4.2. Organizational Power; Authorization 62 Conditions to Each Credit Event 72 Section 4.3. Governmental Approvals; No Conflicts 62 Delivery of Documents 72 Section 4.4. Financial Statements 62 73 Section 4.5. Litigation and Environmental Matters 62 74 Section 4.6. Compliance with Laws and Agreements 63 74 Section 4.7. Investment Company Act, Etc. 63 Act 74 Section 4.8. Taxes; Fees 63 Taxes 74 Section 4.9. Use of Proceeds; Margin Regulations 63 75 Section 4.10. ERISA 63 75 Section 4.11. Ownership of Property 64 Property; Insurance 76 Section 4.12. Disclosure 64 76 Section 4.13. Labor Relations 64 76 Section 4.14. Subsidiaries 64 77 Section 4.15. Insolvency 65 Solvency 77 Section 4.16. OFAC 65 [Reserved] 77 Section 4.17. Compliance with Patriot Act and Other Laws 65 Collateral Documents 77 Section 4.18. Security Documents 65 [Reserved] 77 Section 4.19. Existing Indebtedness 66 Healthcare Matters 77 Section 4.20. Sanctions 80 Section 4.21. Anti-Corruption Laws 80 Section 4.22. Patriot Act 80 ARTICLE V AFFIRMATIVE COVENANTS 66 81 Section 5.1. Financial Statements and Other Information 66 81 Section 5.2. Notices of Material Events 67 82 US-DOCS\51545218.9 Section 5.3. Existence; Conduct of Business 68 85 Section 5.4. Compliance with Laws, Etc. 68 Laws 85 Section 5.5. Payment of Obligations 68 85 Section 5.6. Books and Records 68 85 Section 5.7. Visitation, Inspection, Etc. 68 Visitation and Inspection 85 Section 5.8. Maintenance of Properties; Insurance 69 86 Section 5.9. Use of Proceeds and Letters of Credit 69 Proceeds; Margin Regulations 86 Section 5.10. [Intentionally OmittedReserved] 69 86 Section 5.11. Additional Subsidiaries 69 Cash Management 86 Section 5.12. Further Assurances 71 Additional Subsidiaries and Collateral 87 Section 5.13. Post Mortgages; Collateral Access Agreements 89 Section 5.14. Further Assurances 89 Section 5.15. Health Care Matters 90 Section 5.16. Post-Closing Covenant 71 Page Matters 90 Section 5.17. [Reserved] 91 Section 5.18. Limitations on Designation of Excluded Subsidiaries 91 Section 5.19. Anti-Corruption Laws 92 ARTICLE VI FINANCIAL COVENANTS 71 92 Section 6.1. Leverage Ratio 71 93 Section 6.2. Interest Interest/Rent Coverage Ratio 72 Section 6.3. Consolidated Net Worth 72 Section 6.4. Collateral Asset Value 72 93 ARTICLE VII NEGATIVE COVENANTS 72 93 Section 7.1. Indebtedness. 72 Indebtedness and Preferred Equity 93 Section 7.2. Negative Pledge 73 Liens 95 Section 7.3. Fundamental Changes 73 96 Section 7.4. Loans and Other Investments, Etc. 74 Loans 97 Section 7.5. Restricted Payments 75 99 Section 7.6. Sale of Assets 75 101 Section 7.7. Transactions with Affiliates 75 102 Section 7.8. Restrictive Agreements 75 102 Section 7.9. Sale and Leaseback Transactions 103 Section 7.10. Hedging Transactions 76 103 Section 7.107.11. Amendment to Material Documents 76 103 Section 7.117.12. PropCo Master Leases 103 Section 7.13. Accounting Changes 76 104 iii US-DOCS\51545218.9 Section 7.14. Government Regulation 104 Section 7.15. Sanctions 104 Section 7.16. Anti-Corruption Laws 104 ARTICLE VIII EVENTS OF DEFAULT 76 Section 8.1. Events of Default 76 Section 8.2. Application of Proceeds from Collateral 79 ARTICLE IX THE ADMINISTRATIVE AGENT 79 Section 9.1. Appointment of Administrative Agent 79 Section 9.2. Nature of Duties of Administrative Agent 80 Section 9.3. Lack of Reliance on the Administrative Agent 80 Section 9.4. Certain Rights of the Administrative Agent 81 Section 9.5. Reliance by Administrative Agent 81 Section 9.6. The Administrative Agent in its Individual Capacity 81 Section 9.7. Successor Administrative Agent 81 Section 9.8. Authorization to Execute other Loan Documents 82 Section 9.9. Documentation Agent; Syndication Agent 82 ARTICLE X MISCELLANEOUS 82 Section 10.1. Notices 82 Section 10.2. Waiver; Amendments 84 Page Section 10.3. Expenses; Indemnification 86 Section 10.4. Successors and Assigns 88 Section 10.5. GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 91 Section 10.6. WAIVER OF JURY TRIAL 92 Section 10.7. Right of Setoff 92 Section 10.8. Counterparts; Integration 93 Section 10.9. Survival 93 Section 10.10. Severability 93 Section 10.11. Confidentiality 94 Section 10.12. Interest Rate Limitation 94 Section 10.13. Waiver of Effect of Corporate Seal 94 Section 10.14. Patriot Act 94 Section 10.15. Officer’s Certificates 95 Section 10.16. Effect of Inclusion of Exceptions 95 Schedules Schedule I — Applicable Margin and Applicable Percentage Schedule II — Commitment Amounts Schedule 2.23 — Existing Letters of Credit Schedule 4.14 — Subsidiaries Schedule 7.1 — Existing Indebtedness Schedule 7.2 — Existing Liens Schedule 7.4 — Existing Investments Exhibits Exhibit A — Form of Revolving Credit Note Exhibit B — Form of Swingline Note Exhibit C — Form of Assignment and Acceptance Exhibit D — Form of Subsidiary Guaranty Agreement Exhibit 2.3 — Form of Notice of Revolving Borrowing Exhibit 2.4 — Form of Notice of Swingline Borrowing Exhibit 2.8 — Form of Notice of Continuation/Conversion Exhibit 5.1(c) — Form of Compliance Certificate REVOLVING CREDIT AGREEMENT THIS REVOLVING CREDIT AGREEMENT (this “Agreement”) is made and entered into as of August 3, 2006, by and among BXXXXXX GROUP INC., a Delaware corporation (the “Borrower”), the several banks and other financial institutions and lenders from time to time party hereto (the “Lenders”), SUNTRUST BANK, in its capacity as administrative agent for the Lenders (the “Administrative Agent”), as issuing bank (the “Issuing Bank”) and as swingline lender (the “Swingline Lender”) JPMORGAN CHASE BANK, NATIONAL ASSOCIATION as Syndication Agent, and WXXXX FARGO BANK, NATIONAL ASSOCIATION, as Documentation Agent (the “Documentation Agent”).VIII

CONDITIONS PRECEDENT TO LOANS AND LETTERS. OF CREDIT 58 59 Section 3.1. 3.1 Conditions To Initial Borrowing 58 Effectiveness 59 Section 3.2. 3.2 Each Credit Event 61 62 Section 3.3. 3.3 Delivery of Documents 61 62 ARTICLE IV IV. REPRESENTATIONS AND WARRANTIES 61 63 Section 4.1. 4.1 Existence; Power 61 63 Section 4.2. 4.2 Organizational Power; Authorization 62 63 Section 4.3. 4.3 Governmental and Third Party Approvals; No Conflicts 62 63 Section 4.4. 4.4 Financial Statements 62 63 Section 4.5. 4.5 Litigation and Environmental Matters 62 64 Section 4.6. 4.6 Compliance with Laws and Agreements 63 65 Section 4.7. 4.7 Investment Company Act, Etc. 63 65 Section 4.8. Taxes; Fees 63 4.8 Taxes 65 Section 4.9. 4.9 Margin Regulations 63 65 Section 4.10. ERISA 63 4.10 Employee Benefit Plans 65 Section 4.11. 4.11 Ownership of Property 64 67 Section 4.12. 4.12 Disclosure 64 67 Section 4.13. 4.13 Labor Relations 64 67 Section 4.14. 4.14 Subsidiaries 64 67 Section 4.15. Insolvency 65 4.15 Solvency 68 Section 4.16. OFAC 65 4.16 Indebtedness 68 Section 4.17. Compliance with Patriot Act and Other Laws 65 4.17 Dormant Companies 68 Section 4.18. 4.18 Insurance 68 Section 4.19 Security Interests 68 Section 4.20 Transaction Documents 65 68 Section 4.19. Existing Indebtedness 66 4.21 Sanctioned Entity/Sanctioned Persons 69 ARTICLE V V. AFFIRMATIVE COVENANTS 66 69 Section 5.1. 5.1 Financial Statements and Other Information 66 69 Section 5.2. 5.2 Notices of Material Events 67 71 Section 5.3. Existence; Conduct of Business 68 5.3 Existence 72 Section 5.4. 5.4 Compliance with Laws, Etc. 68 72 Section 5.5. 5.5 Payment of Obligations 68 72 Section 5.6. 5.6 Books and Records 68 72 Section 5.7. 5.7 Visitation, Inspection, Etc. 68 73 Section 5.8. 5.8 Maintenance of Properties; Insurance 69 Section 5.9. Use of Proceeds and Letters of Credit 69 Section 5.10. [Intentionally Omitted] 69 Section 5.11. Additional Subsidiaries 69 Section 5.12. Further Assurances 71 Section 5.13. Post Closing Covenant 71 Page ARTICLE VI FINANCIAL COVENANTS 71 Section 6.1. Leverage Ratio 71 Section 6.2. Interest Coverage Ratio 72 Section 6.3. Consolidated Net Worth 72 Section 6.4. Collateral Asset Value 72 ARTICLE VII NEGATIVE COVENANTS 72 Section 7.1. Indebtedness. 72 Section 7.2. Negative Pledge Properties 73 Section 7.3. Fundamental Changes 5.9 Insurance 73 Section 7.4. Loans and Other Investments, Etc. 74 Section 7.5. Restricted Payments 75 Section 7.6. Sale of Assets 75 Section 7.7. Transactions with Affiliates 75 Section 7.8. Restrictive Agreements 75 Section 7.9. Hedging Transactions 76 Section 7.10. Amendment to Material Documents 76 Section 7.11. Accounting Changes 76 ARTICLE VIII EVENTS OF DEFAULT 76 Section 8.1. Events of Default 76 Section 8.2. Application of Proceeds from Collateral 79 ARTICLE IX THE ADMINISTRATIVE AGENT 79 Section 9.1. Appointment of Administrative Agent 79 Section 9.2. Nature of Duties of Administrative Agent 80 Section 9.3. Lack of Reliance on the Administrative Agent 80 Section 9.4. Certain Rights of the Administrative Agent 81 Section 9.5. Reliance by Administrative Agent 81 Section 9.6. The Administrative Agent in its Individual Capacity 81 Section 9.7. Successor Administrative Agent 81 Section 9.8. Authorization to Execute other Loan Documents 82 Section 9.9. Documentation Agent; Syndication Agent 82 ARTICLE X MISCELLANEOUS 82 Section 10.1. Notices 82 Section 10.2. Waiver; Amendments 84 Page Section 10.3. Expenses; Indemnification 86 Section 10.4. Successors and Assigns 88 Section 10.5. GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 91 Section 10.6. WAIVER OF JURY TRIAL 92 Section 10.7. Right of Setoff 92 Section 10.8. Counterparts; Integration 93 Section 10.9. Survival 93 Section 10.10. Severability 93 Section 10.11. Confidentiality 94 Section 10.12. Interest Rate Limitation 94 Section 10.13. Waiver of Effect of Corporate Seal 94 Section 10.14. Patriot Act 94 Section 10.15. Officer’s Certificates 95 Section 10.16. Effect of Inclusion of Exceptions 95 Schedules Schedule I — Applicable Margin and Applicable Percentage Schedule II — Commitment Amounts Schedule 2.23 — Existing Letters of Credit Schedule 4.14 — Subsidiaries Schedule 7.1 — Existing Indebtedness Schedule 7.2 — Existing Liens Schedule 7.4 — Existing Investments Exhibits Exhibit A — Form of Revolving Credit Note Exhibit B — Form of Swingline Note Exhibit C — Form of Assignment and Acceptance Exhibit D — Form of Subsidiary Guaranty Agreement Exhibit 2.3 — Form of Notice of Revolving Borrowing Exhibit 2.4 — Form of Notice of Swingline Borrowing Exhibit 2.8 — Form of Notice of Continuation/Conversion Exhibit 5.1(c) — Form of Compliance Certificate REVOLVING CREDIT AGREEMENT THIS REVOLVING CREDIT AGREEMENT (this “Agreement”) is made and entered into as of August 3, 2006, by and among BXXXXXX GROUP INC., a Delaware corporation (the “Borrower”), the several banks and other financial institutions and lenders from time to time party hereto (the “Lenders”), SUNTRUST BANK, in its capacity as administrative agent for the Lenders (the “Administrative Agent”), as issuing bank (the “Issuing Bank”) and as swingline lender (the “Swingline Lender”) JPMORGAN CHASE BANK, NATIONAL ASSOCIATION as Syndication Agent, and WXXXX FARGO BANK, NATIONAL ASSOCIATION, as Documentation Agent (the “Documentation Agent”).Page

CONDITIONS PRECEDENT TO LOANS AND LETTERS. OF CREDIT 58 48 Section 3.1. Conditions To Initial Borrowing 58 Effectiveness 48 Section 3.2. Each Credit Event 61 50 Section 3.3. Delivery of Documents 61 51 ARTICLE IV REPRESENTATIONS AND WARRANTIES 61 51 Section 4.1. Existence; Power 61 51 Section 4.2. Organizational Power; Authorization 62 52 Section 4.3. Governmental Approvals; No Conflicts 62 52 Section 4.4. Financial Statements 62 52 Section 4.5. Litigation and Environmental Matters 62 52 Section 4.6. Compliance with Laws and Agreements 63 53 Section 4.7. Investment Company Act, Etc. 63 53 Section 4.8. Taxes; Fees 63 Taxes 53 Section 4.9. Margin Regulations 63 53 Section 4.10. ERISA 63 53 Section 4.11. Ownership of Property 64 Disclosure 53 Section 4.12. Disclosure 64 Subsidiaries 54 Section 4.13. Labor Relations 64 Solvency 54 Section 4.14. Subsidiaries 64 OFAC 54 Section 4.15. Insolvency 65 Section 4.16. OFAC 65 Section 4.17. Compliance with Patriot Act and Other Laws 65 Section 4.18. Security Documents 65 Section 4.19. Existing Indebtedness 66 54 ARTICLE V AFFIRMATIVE COVENANTS 66 54 Section 5.1. Financial Statements and Other Information 66 54 Section 5.2. Notices of Material Events 67 56 Section 5.3. Existence; Conduct of Business 68 56 Section 5.4. Compliance with Laws, Etc. 68 56 Section 5.5. Payment of Obligations 68 57 Section 5.6. Books and Records 68 57 Section 5.7. Visitation, Inspection, Etc. 68 57 Section 5.8. Maintenance of Properties; Insurance 69 57 Section 5.9. Use of Proceeds and Letters of Credit 69 57 Section 5.10. [Intentionally Omitted] 69 Section 5.11. Additional Subsidiaries 69 Section 5.12. Further Assurances 71 Section 5.13. Post Closing Covenant 71 Page 57 ARTICLE VI FINANCIAL COVENANTS 71 58 Section 6.1. Leverage Ratio 71 58 Section 6.2. Interest Coverage Ratio 72 Section 6.3. Consolidated Net Worth 72 Section 6.4. Collateral Asset Value 72 58 ARTICLE VII NEGATIVE COVENANTS 72 58 Section 7.1. Indebtedness. 72 Indebtedness 58 Section 7.2. Negative Pledge 73 59 Section 7.3. Fundamental Changes 73 59 Section 7.4. Loans and Other Investments, Loans, Etc. 74 60 Section 7.5. Restricted Payments 75 60 Section 7.6. Sale of Assets 75 61 Section 7.7. Transactions with Affiliates 75 61 Section 7.8. Restrictive Agreements 75 62 Section 7.9. Hedging Transactions 76 Accounting Changes 62 Section 7.10. Amendment to Material Documents 76 Section 7.11. Accounting Changes 76 Government Regulation 62 ARTICLE VIII EVENTS OF DEFAULT 76 63 Section 8.1. Events of Default 76 Section 8.2. Application of Proceeds from Collateral 79 63 ARTICLE IX THE ADMINISTRATIVE AGENT 79 65 Section 9.1. Appointment of Administrative Agent 79 65 Section 9.2. Nature of Duties of Administrative Agent 80 65 Section 9.3. Lack of Reliance on the Administrative Agent 80 66 Section 9.4. Certain Rights of the Administrative Agent 81 66 Section 9.5. Reliance by Administrative Agent 81 66 Section 9.6. The Administrative Agent in its Individual Capacity 81 66 Section 9.7. Successor Administrative Agent 81 67 Section 9.8. Withholding Tax 67 Section 9.9. Administrative Agent May File Proofs of Claim 68 Section 9.10. Authorization to Execute other Loan Documents 82 68 Section 9.99.11. Documentation Agent; Syndication Agent 82 68 ARTICLE X MISCELLANEOUS 82 69 Section 10.1. Notices 82 69 Section 10.2. Waiver; Amendments 84 Page 72 Section 10.3. Expenses; Indemnification 86 73 Section 10.4. Successors and Assigns 88 74 Section 10.5. GOVERNING LAWGoverning Law; JURISDICTIONJurisdiction; CONSENT TO SERVICE OF PROCESS 91 Consent to Service of Process 77 Section 10.6. WAIVER OF JURY TRIAL 92 78 Section 10.7. Right of Setoff 92 78 Section 10.8. Counterparts; Integration 93 78 Section 10.9. Survival 93 79 Section 10.10. Severability 93 79 Section 10.11. Confidentiality 94 79 Section 10.12. Interest Rate Limitation 94 80 Section 10.13. Waiver of Effect of Corporate Seal 94 Amendment and Restatement 80 Section 10.14. Patriot Act 94 80 Section 10.15. Officer’s Certificates 95 No Advisory or Fiduciary Responsibility 80 Section 10.16. Effect Location of Inclusion of Exceptions 95 Closing 81 Schedules Schedule I — - Applicable Margin and Applicable Percentage Schedule II — - Commitment Amounts Schedule 2.23 — 2.22 - Existing Letters of Credit Schedule 4.14 — 4.5 - Environmental Matters Schedule 4.12 - Subsidiaries Schedule 7.1 — Existing - Outstanding Indebtedness Schedule 7.2 — - Existing Liens Schedule 7.4 — - Existing Investments Schedule 7.6 - Sale Leaseback Transactions Schedule 7.8 - Restrictions on Subsidiary Indebtedness Exhibits Exhibit A — Form of Revolving Credit Note Exhibit B — Form of Swingline Note Exhibit C — - Form of Assignment and Acceptance Exhibit D — B - Form of Subsidiary Guaranty Agreement Exhibit 2.3 — - Form of Notice of Revolving Borrowing Exhibit 2.4 — - Form of Notice of Swingline Borrowing Exhibit 2.8 — 2.7 - Form of Notice of Continuation/Conversion Exhibit 3.1(b)(iv) - Form of Secretary’s Certificate Exhibit 3.1(b)(vii) - Form of Officer’s Certificate Exhibit 5.1(c) — - Form of Compliance Certificate REVOLVING CREDIT AGREEMENT THIS REVOLVING CREDIT AGREEMENT (this “Agreement”) is made and entered into as of August 3, 2006, by and among BXXXXXX GROUP INC., a Delaware corporation (the “Borrower”), the several banks and other financial institutions and lenders from time to time party hereto (the “Lenders”), SUNTRUST BANK, in its capacity as administrative agent for the Lenders (the “Administrative Agent”), as issuing bank (the “Issuing Bank”) and as swingline lender (the “Swingline Lender”) JPMORGAN CHASE BANK, NATIONAL ASSOCIATION as Syndication Agent, and WXXXX FARGO BANK, NATIONAL ASSOCIATION, as Documentation Agent (the “Documentation Agent”).Certificate

CONDITIONS PRECEDENT TO LOANS AND LETTERS. OF CREDIT 58 67 Section 3.1. Conditions To Initial Borrowing 58 to Effectiveness 67 Section 3.2. Conditions to Each Credit Event 61 70 Section 3.3. Delivery of Documents 61 70 Section 3.4. Effect on Existing Credit Facility 70 ARTICLE IV REPRESENTATIONS AND WARRANTIES 61 71 Section 4.1. Existence; Power 61 71 Section 4.2. Organizational Power; Authorization 62 71 Section 4.3. Governmental Approvals; No Conflicts 62 71 Section 4.4. Financial Statements 62 71 Section 4.5. Litigation and Environmental Matters 62 72 Section 4.6. Compliance with Laws and Agreements 63 72 Section 4.7. Investment Company Act, Etc. 63 72 Section 4.8. Taxes; Fees 63 Taxes 72 Section 4.9. Use of Proceeds; Margin Regulations 63 72 Section 4.10. ERISA 63 73 Section 4.11. Ownership of Property 64 Property; Insurance 73 Section 4.12. Disclosure 64 74 Section 4.13. Labor Relations 64 74 Section 4.14. Subsidiaries 64 74 Section 4.15. Insolvency 65 Solvency 74 Section 4.16. OFAC 65 [Reserved] 74 Section 4.17. Compliance with Patriot Act and Other Laws 65 Collateral Documents 74 Section 4.18. Security Documents 65 [Reserved] 75 Section 4.19. Existing Indebtedness 66 Healthcare Matters 75 Section 4.20. Sanctions 78 Section 4.21. Anti-Corruption Laws 78 Section 4.22. Patriot Act 78 ARTICLE V AFFIRMATIVE COVENANTS 66 78 Section 5.1. Financial Statements and Other Information 66 78 Section 5.2. Notices of Material Events 67 80 Section 5.3. Existence; Conduct of Business 68 82 Section 5.4. Compliance with Laws, Etc. 68 Laws 82 Section 5.5. Payment of Obligations 68 83 Section 5.6. Books and Records 68 83 Section 5.7. Visitation, Inspection, Etc. 68 Visitation and Inspection 83 Section 5.8. Maintenance of Properties; Insurance 69 83 Section 5.9. Use of Proceeds and Letters of Credit 69 Proceeds; Margin Regulations 84 Section 5.10. [Intentionally OmittedReserved] 69 84 Section 5.11. Additional Subsidiaries 69 Cash Management 84 Section 5.12. Further Assurances 71 Additional Subsidiaries and Collateral 85 Section 5.13. Post Mortgages; Collateral Access Agreements 86 Section 5.14. Further Assurances 87 Section 5.15. Health Care Matters 87 Section 5.16. Post-Closing Covenant 71 Page Matters 88 Section 5.17. [Reserved] 88 Section 5.18. Limitations on Designation of Excluded Subsidiaries 88 Section 5.19. Anti-Corruption Laws 90 ARTICLE VI FINANCIAL COVENANTS 71 90 Section 6.1. Leverage Ratio 71 90 Section 6.2. Interest Interest/Rent Coverage Ratio 72 Section 6.3. Consolidated Net Worth 72 Section 6.4. Collateral Asset Value 72 90 ARTICLE VII NEGATIVE COVENANTS 72 91 Section 7.1. Indebtedness. 72 Indebtedness and Preferred Equity 91 Section 7.2. Negative Pledge 73 Liens 93 Section 7.3. Fundamental Changes 73 94 Section 7.4. Loans and Other Investments, Etc. 74 Loans 95 Section 7.5. Restricted Payments 75 97 Section 7.6. Sale of Assets 75 98 Section 7.7. 7.7 Transactions with Affiliates 75 99 Section 7.8. Restrictive Agreements 75 100 Section 7.9. Sale and Leaseback Transactions 100 Section 7.10. Hedging Transactions 76 101 Section 7.107.11. Amendment to Material Documents 76 101 Section 7.117.12. PropCo Master Leases 101 Section 7.13. Accounting Changes 76 101 Section 7.14. Government Regulation 101 Section 7.15. Sanctions 102 Section 7.16. Anti-Corruption Laws 102 ARTICLE VIII EVENTS OF DEFAULT 76 102 Section 8.1. Events of Default 76 102 Section 8.2. Application of Proceeds from Collateral 79 105 ARTICLE IX THE ADMINISTRATIVE AGENT 79 106 Section 9.1. Appointment of the Administrative Agent 79 106 Section 9.2. Nature of Duties of the Administrative Agent 80 107 Section 9.3. Lack of Reliance on the Administrative Agent 80 107 Section 9.4. Certain Rights of the Administrative Agent 81 108 Section 9.5. Reliance by the Administrative Agent 81 108 Section 9.6. The Administrative Agent in its Individual Capacity 81 108 Section 9.7. Successor Administrative Agent 81 108 Section 9.8. Withholding Tax 109 Section 9.9. The Administrative Agent May File Proofs of Claim 109 Section 9.10. Authorization to Execute other Other Loan Documents 82 110 Section 9.99.11. Collateral and Guaranty Matters 110 Section 9.12. Co-Documentation AgentAgents; Syndication Agent 82 110 Section 9.13. Right to Realize on Collateral and Enforce Guarantee 110 Section 9.14. Secured Bank Product Obligations and Hedging Obligations 111 ARTICLE X MISCELLANEOUS 82 111 Section 10.1. Notices 82 111 Section 10.2. Waiver; Amendments 84 Page 114 Section 10.3. Expenses; Indemnification 86 116 Section 10.4. Successors and Assigns 88 117 Section 10.5. GOVERNING LAWGoverning Law; JURISDICTIONJurisdiction; CONSENT TO SERVICE OF PROCESS 91 Consent to Service of Process 121 Section 10.6. WAIVER OF JURY TRIAL 92 122 Section 10.7. Right of Setoff 92 Set-off 122 Section 10.8. Counterparts; Integration 93 122 Section 10.9. Survival 93 123 Section 10.10. Severability 93 123 Section 10.11. Confidentiality 94 123 Section 10.12. Interest Rate Limitation 94 124 Section 10.13. Waiver of Effect of Corporate Seal 94 124 Section 10.14. Patriot Act 94 124 Section 10.15. Officer’s Certificates 95 No Advisory or Fiduciary Responsibility 124 Section 10.16. Effect Location of Inclusion Closing 125 Section 10.17. Releases of Exceptions 95 Collateral 125 Section 10.18. Amendment and Restatement 126 Schedules Schedule I — Applicable Margin and Applicable Percentage Schedule II — Commitment Amounts Schedule 2.23 — II Existing Letters of Credit Schedule 1.1 Cornerstone Equity Plan Schedule 1.2 Subsidiary Agreements Schedule 4.11 Real Estate Schedule 4.14 — Subsidiaries Schedule 4.19 Healthcare Matters Schedule 5.16 Post-Closing Matters Schedule 7.1 — Existing Indebtedness Schedule 7.2 — Existing Liens Schedule 7.4 — Existing Investments Schedule 7.8 Existing Leases with Restrictive Agreements Exhibits Exhibit A — Form of Revolving Credit Note Exhibit B — Form of Swingline Note Exhibit C — Form of Assignment and Acceptance Exhibit D — B Form of Subsidiary Amended and Restated Guaranty and Security Agreement Exhibit 2.3 — Form of Notice of Revolving Borrowing Exhibit 2.4 — Form of Notice of Swingline Borrowing Exhibit 2.8 — 2.7 Form of Notice of Continuation/Conversion Exhibit 3.1(b)(ii) Form of Secretary’s Certificate Exhibit 3.1(b)(iv) Form of Officer’s Certificate Exhibit 5.1(c) — Form of Compliance Certificate REVOLVING AMENDED AND RESTATED CREDIT AGREEMENT THIS REVOLVING AMENDED AND RESTATED CREDIT AGREEMENT (as amended, restated, supplemented, or otherwise modified, this “Agreement”) is made and entered into as of August 3February 5, 20062016, by and among BXXXXXX GROUP THE ENSIGN GROUP, INC., a Delaware corporation (the “Borrower”), the several banks and other financial institutions and lenders from time to time party hereto (the “Lenders”), ) and SUNTRUST BANK, in its capacity as administrative agent for the Lenders (in such capacity, the “Administrative Agent”), as issuing bank (the in such capacity, an “Issuing Bank”) and as swingline lender (in such capacity, the “Swingline Lender”) JPMORGAN CHASE BANK, NATIONAL ASSOCIATION as Syndication Agent, and WXXXX FARGO BANK, NATIONAL ASSOCIATION, as Documentation Agent (the “Documentation Agent”).

CONDITIONS PRECEDENT TO LOANS AND LETTERS. OF CREDIT 58 48 Section 3.1. Conditions To Initial Borrowing 58 Effectiveness 48 Section 3.2. Each Credit Event 61 50 Page Section 3.3. Delivery of Documents 61 51 ARTICLE IV REPRESENTATIONS AND WARRANTIES 61 51 Section 4.1. Existence; Power 61 51 Section 4.2. Organizational Power; Authorization 62 51 Section 4.3. Governmental Approvals; No Conflicts 62 51 Section 4.4. Financial Statements 62 52 Section 4.5. Litigation and Environmental Matters 62 52 Section 4.6. Compliance with Laws and Agreements 63 52 Section 4.7. Investment Company Act, Etc. 63 52 Section 4.8. Taxes; Fees 63 Taxes 53 Section 4.9. Margin Regulations 63 53 Section 4.10. ERISA 63 53 Section 4.11. Ownership of Property 64 Disclosure 53 Section 4.12. Disclosure 64 Subsidiaries 53 Section 4.13. Labor Relations 64 Solvency 53 Section 4.14. Subsidiaries 64 OFAC 53 Section 4.15. Insolvency 65 Section 4.16. OFAC 65 Section 4.17. Compliance with Patriot Act and Other Laws 65 Section 4.18. Security Documents 65 Section 4.19. Existing Indebtedness 66 54 ARTICLE V AFFIRMATIVE COVENANTS 66 54 Section 5.1. Financial Statements and Other Information 66 54 Section 5.2. Notices of Material Events 67 55 Section 5.3. Existence; Conduct of Business 68 56 Section 5.4. Compliance with Laws, Etc. 68 56 Section 5.5. Payment of Obligations 68 56 Section 5.6. Books and Records 68 56 Section 5.7. Visitation, Inspection, Etc. 68 56 Section 5.8. Maintenance of Properties; Insurance 69 57 Section 5.9. Use of Proceeds and Letters of Credit 69 57 Section 5.10. [Intentionally Omitted] 69 Section 5.11. Additional Subsidiaries 69 Section 5.12. Further Assurances 71 Section 5.13. Post Closing Covenant 71 Page 57 ARTICLE VI FINANCIAL COVENANTS 71 57 Section 6.1. Leverage Ratio 71 57 Section 6.2. Interest Coverage Ratio 72 Section 6.3. Consolidated Net Worth 72 Section 6.4. Collateral Asset Value 72 58 ARTICLE VII NEGATIVE COVENANTS 72 58 Section 7.1. Indebtedness. 72 Indebtedness 58 Section 7.2. Negative Pledge 73 59 Section 7.3. Fundamental Changes 73 59 Page Section 7.4. Loans and Other Investments, Loans, Etc. 74 59 Section 7.5. Restricted Payments 75 60 Section 7.6. Sale of Assets 75 60 Section 7.7. Transactions with Affiliates 75 61 Section 7.8. Restrictive Agreements 75 61 Section 7.9. Hedging Transactions 76 Accounting Changes 62 Section 7.10. Amendment to Material Documents 76 Section 7.11. Accounting Changes 76 Government Regulation 62 ARTICLE VIII EVENTS OF DEFAULT 76 62 Section 8.1. Events of Default 76 Section 8.2. Application of Proceeds from Collateral 79 62 ARTICLE IX THE ADMINISTRATIVE AGENT 79 64 Section 9.1. Appointment of Administrative Agent 79 64 Section 9.2. Nature of Duties of Administrative Agent 80 65 Section 9.3. Lack of Reliance on the Administrative Agent 80 65 Section 9.4. Certain Rights of the Administrative Agent 81 66 Section 9.5. Reliance by Administrative Agent 81 66 Section 9.6. The Administrative Agent in its Individual Capacity 81 66 Section 9.7. Successor Administrative Agent 81 66 Section 9.8. Withholding Tax 67 Section 9.9. Administrative Agent May File Proofs of Claim 67 Section 9.10. Authorization to Execute other Loan Documents 82 68 Section 9.99.11. Documentation Agent; Syndication Agent 82 68 ARTICLE X MISCELLANEOUS 82 68 Section 10.1. Notices 82 68 Section 10.2. Waiver; Amendments 84 Page 71 Section 10.3. Expenses; Indemnification 86 72 Section 10.4. Successors and Assigns 88 73 Section 10.5. GOVERNING LAWGoverning Law; JURISDICTIONJurisdiction; CONSENT TO SERVICE OF PROCESS 91 Consent to Service of Process 77 Section 10.6. WAIVER OF JURY TRIAL 92 77 Section 10.7. Right of Setoff 92 77 Section 10.8. Counterparts; Integration 93 78 Section 10.9. Survival 93 78 Section 10.10. Severability 93 78 Section 10.11. Confidentiality 94 78 Section 10.12. Interest Rate Limitation 94 79 Section 10.13. Waiver of Effect of Corporate Seal 94 Reserved 79 Section 10.14. Patriot Act 94 79 Section 10.15. Officer’s Certificates 95 No Advisory or Fiduciary Responsibility 79 Section 10.16. Effect Location of Inclusion of Exceptions 95 Closing 80 Schedules Schedule I — - Applicable Margin and Applicable Percentage Schedule II — - Commitment Amounts Schedule 2.23 — 2.22 - Existing Letters of Credit Schedule 4.14 — 4.5 - Environmental Matters Schedule 4.12 - Subsidiaries Schedule 7.1 — Existing - Outstanding Indebtedness Schedule 7.2 — - Existing Liens Schedule 7.4 — - Existing Investments Schedule 7.6 - Sale Leaseback Transactions Schedule 7.8 - Restrictions on Subsidiary Indebtedness Exhibits Exhibit A — Form of Revolving Credit Note Exhibit B — Form of Swingline Note Exhibit C — - Form of Assignment and Acceptance Exhibit D — B - Form of Subsidiary Guaranty Agreement Exhibit 2.3 — - Form of Notice of Revolving Borrowing Exhibit 2.4 — - Form of Notice of Swingline Borrowing Exhibit 2.8 — 2.7 - Form of Notice of Continuation/Conversion Exhibit 3.1(b)(iv) - Form of Secretary’s Certificate Exhibit 3.1(b)(vii) - Form of Officer’s Certificate Exhibit 5.1(c) — - Form of Compliance Certificate REVOLVING CREDIT AGREEMENT THIS REVOLVING CREDIT AGREEMENT (this “Agreement”) is made and entered into as of August 3November 19, 20062010, by and among BXXXXXX GROUP INC.INTERNATIONAL SPEEDWAY CORPORATION, a Delaware Florida corporation (the “Borrower”), the several banks and other financial institutions and lenders from time to time party hereto (the “Lenders”), SUNTRUST XXXXX FARGO BANK, N.A., in its capacity as administrative agent for the Lenders (the “Administrative Agent”), as issuing bank (the “Issuing Bank”) and as swingline lender (the “Swingline Lender”) and SUNTRUST BANK and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION as Syndication Agent, and WXXXX FARGO BANK, NATIONAL ASSOCIATIONN.A., as Documentation Agent co-syndication agents (the “Documentation AgentCo-Syndication Agents”).