XECITALS. Mortgagee has made loans to Mortgagor evidenced by (i) the Trancxx X Xxxxxxxory Note dated as of December 16, 1996 executed by Mortgagor for the principal sum of ONE HUNDRED MILLION FIVE HUNDRED XXXXXXXX DOLLARS, with final maturity no later than January 2, 2007 and with interest as therein expressed and amended September 30, 1997, May 1, 1998, and which is being amended concurrently herewith; (ii) the Tranche B Promissory Note dated as of December 16, 1996 executed by Mortgagor for the principal sum of EIGHTY-NINE MILLION FIVE HUNDRED XXXXXXXX DOLLARS, with final maturity no later than January 2, 2009 and with interest as therein expressed, which was amended August 11, 2000 and which is being amended concurrently herewith; (iii) the Tranche C Promissory Note dated as of September 2, 1999 executed by Mortgagor for the principal sum of FOURTEEN MILLION SEVEN HUNDRED TXXXXXXX XOLLARS, with final maturity no later than January 1, 2007 and with interest as therein expressed and which is being amended concurrently herewith; and (iv) the Tranche D Promissory Note dated as of September 2, 1999 executed by Mortgagor for the principal sum of THIRTY MILLION THREE HUNDRED THOXXXXX XXXLARS, with final maturity no later than January 1, 2009 and with interest as therein expressed and which is being amended concurrently herewith (the Tranche A Promissory Note, the Tranche B Promissory Note, the Tranche C Promissory Note, and the Tranche D -------------------------------------------------------------------------------- Promissory Note, as such instruments may be amended, restated, renewed and extended, are hereinafter collectively referred to as the "Notes").
XECITALS. The Company desires to be assured of the association and services of Executive for the Company.
XECITALS. Borrower is justly indebted to Standard Federal in the principal amount of Two Million and 00/100 Dollars ($2,000,000.00), together with interest thereon in accordance with a mortgage note from Borrower to Standard Federal of even date herewith (the "Note").
XECITALS. The recitals at the beginning of this Management Agreement are true and are incorporated by reference herein.
XECITALS. Individual Guarantor is the chief executive officer of American Shared Hospital Services, a California corporation ("Guarantor"), and owns twenty-five percent (25%) or more of the outstanding shares of Guarantor's common stock.
XECITALS. Guarantor directly or indirectly owns all of the ownership interests in American Shared-CuraCare, a California general partnership, and CuraCare, Inc., a Delaware corporation ("collectively and individually, "Borrower").
XECITALS. BISYS, through its TOTALPLUS(R) Division, is a leading provider of comprehensive data processing outsourcing solutions to financial institutions.
XECITALS. Hospital originally entered into the Agreement with ArcherDx, Inc., a Delaware corporation, having a principal place of business at 16040 X. 00xx Xxx., Xxxxxx, XX00000.
XECITALS. Bank has extended to Borrower credit ("Loan"), in the maximum principal amount of $35,000,000.00, pursuant to that certain Master Revolving Line of Credit Loan Agreement (Borrowing Base and Warehouse), dated as of May 14, 1998 ("Loan Agreement"), and evidenced by that certain Promissory Note (Borrowing Base), dated May 14, 1998 ( "Borrowing Base Note") and that certain Promissory Note (Warehouse), dated May 14, 1998 ("Warehouse Note"). That portion of the Loan evidenced by the Borrowing Base Note shall hereinafter be referred to as the "Borrowing Base Loan" and that portion of the Loan evidenced by the Warehouse Note shall hereinafter be referred to as the "Warehouse Loan".
XECITALS. On September 15, 1994, the Borrower and Standard Federal entered into a Loan Agreement, as amended February 16, 1995 (the "Loan Agreement"), pursuant to which the Borrower opened a revolving line of credit facility with Standard Federal, Loan No. 0250012691, with a credit limit of up to $7,500,000.00 (the "Line of Credit"), as evidenced by an Amended and Restated Promissory Note (Line of Credit), dated February 16, 1995, in the principal amount of $7,500,000.00 (the "Note"), secured by a Security Agreement, dated September 15, 1994 (the "Security Agreement"), and two Open-End Commercial Mortgages and Assignments of Lease and Rentals, dated June 29, 1993, as amended September 15, 1994, February 6, 1995 and February 16, 1995 (the "Mortgages").
