EXHIBIT 10.167
FIRST AMENDMENT TO COMMERCIAL LEASE
THIS FIRST AMENDMENT TO COMMERCIAL LEASE (this "Amendment") is
made as of the 1st day of November, 2002 by and between Ramsay Hospital
Properties, Inc. a Delaware corporation, whose address is c/o Torys LLP, 000
Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 (the "Landlord"), and Ramsay Youth
Services of Georgia, Inc., a Delaware corporation whose address is Xxx Xxxxxxxx
Xxxxx, Xxxxx 000, Xxxxx Xxxxxx, Xxxxxxx 00000 (the "Tenant").
W I T N E S S E T H:
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WHEREAS, pursuant to that certain Commercial Lease, (the
"Lease") dated as of the 12th day of September, 2002, Landlord leases to Tenant
and Tenant leases from Landlord certain premises located at 0000 Xxxxxxxxx
Xxxxx, 3472 and 0000 Xxxxxxxxx Xxxxx, and 3541 Athens Drive, in Macon, Georgia
as more particularly described therein;
WHEREAS, Tenant and Landlord have agreed to amend the Lease,
subject to and accordance with the terms and conditions herein below set forth.
NOW THEREFORE, for and in consideration of the covenants
herein contained and for other good and valuable consideration, the receipt and
sufficiency of which are hereby mutually acknowledged, and intending to be
legally bound hereby, Landlord and Tenant hereby agrees as follows:
1. Section 4.1 of the Lease is hereby amended by deleting the second full
paragraph of Section 4.1 of the Lease in its entirety and substituting the
following new paragraph in place thereof:
Landlord and Tenant hereby agree that the Aggregate Cost is
$3,600,000. Tenant acknowledges that Landlord has provided information
to Tenant, which is satisfactory to Tenant, documenting the Aggregate
Cost.
2. MISCELLANEOUS. All capitalized terms used herein and not otherwise defined
shall have the respective meanings ascribed to such terms in the Lease. This
Amendment may be executed in one or more counterparts, all of which taken
together shall constitute one and the same instrument. Except as expressly
modified hereby, the Lease and all of the terms, conditions, covenants,
agreements and provisions thereof remain in full force and effect and are hereby
ratified and affirmed. Ramsay Youth Services, Inc. is executing this Amendment
to evidence its agreement to be bound by the terms hereof as guarantor for
Tenant and, accordingly, all of the obligations of Tenant hereunder shall be and
be deemed obligations of Ramsay Youth Services, Inc. pursuant to the Guaranty as
if fully set forth therein.
* * *
IN WITNESS WHEREOF, the parties have executed this Amendment as of the
date and year first above written.
LANDLORD:
RAMSAY HOSPITAL PROPERTES, INC.
X/x Xxxxx XXX
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
By: /s/ XXXXX XXXXX
------------------------------------
Name: Xxxxx X. Xxxxx
Title: Vice-President
TENANT:
RAMSAY YOUTH SERVICES OF GEORGIA, INC.
Xxx Xxxxxxxx Xxxxx, Xxxxx 000
Xxxxx Xxxxxx, Xxxxxxx 00000
By: /s/ XXXXXX X. XXXXXXX
------------------------------------
Name: Xxxxxx X. Xxxxxxx
Title: President
GUARANTOR:
RAMSAY YOUTH SERVICES, INC.
Columbus Center
Xxx Xxxxxxxx Xxxxx
Xxxxx 000
Xxxxx Xxxxxx, Xxxxxxx 00000
By: /s/ XXXXXX X. XXXXXXX
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Name: Xxxxxx X. Xxxxxxx
Title: Executive Vice President