Contract
Exhibit 4.1.1
Execution Version
Execution Version
FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of March
22, 2011, among Aviv Healthcare Properties Limited Partnership, a Delaware limited partnership (the
“Partnership”), and Aviv Healthcare Capital Corporation, a Delaware corporation (each, an
“Issuer”, and together, the “Issuers”), Aviv REIT, Inc., a Maryland corporation
(the “Parent”), as Guarantor, the other Subsidiary Guarantors named in the Indenture (as
defined herein) (the “Subsidiary Guarantors”), and The Bank of New York Mellon Trust
Company, N.A., a national banking association organized and existing under the laws of the United
States of America, as Trustee (the “Trustee”).
WITNESSETH
WHEREAS, the Issuers, the Parent and the Subsidiary Guarantors have heretofore executed and
delivered to the Trustee an indenture (the “Indenture”), dated as of February 4, 2011,
providing for the issuance of the Issuers’ 7 3/4% Senior Notes due 2019 (the “Notes”);
WHEREAS, the Issuers, the Parent and the Subsidiary Guarantors desire to amend the Indenture
in order to, among other things, amend the definition of “Subordinated Subsidiary Guarantor” set
forth therein;
WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and
deliver this Supplemental Indenture; and
WHEREAS, all the conditions and requirements necessary to make this Supplemental Indenture a
valid, binding and legal instrument in accordance with its terms have been performed and fulfilled
by the parties hereto and the execution and delivery thereof have been in all respects duly
authorized by the parties hereto.
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the Issuers, the Parent, the Subsidiary
Guarantors and the Trustee mutually covenant and agree for the equal and ratable benefit of the
Holders of the Notes as follows:
1. Capitalized Terms. Capitalized terms used herein without definition shall have the
meanings assigned to them in the Indenture.
2. Amendments to Section 1.01 of the Indenture.
a. Definition of Subordinated Subsidiary Guarantor. The definition of
“Subordinated Subsidiary Guarantor” set forth in Section 1.01 the Indenture is hereby
amended and restated in its entirety as follows:
“Subordinated Subsidiary Guarantors” means (i) the Subsidiary
Guarantors that are borrowers or guarantors in respect of the Acquisition Line or
the Term Loan on the Issue Date plus (ii) any Subsidiary Guarantors that become
borrowers or guarantors in respect of the Acquisition Line or the Term Loan (or any
Permitted Refinancing Indebtedness incurred in exchange for, or the net proceeds of
which are used to refund, refinance or replace, the Acquisition Line
or Term Loan
and that was otherwise permitted by the indenture, to the extent
such Permitted Refinancing Indebtedness is designated by the Issuers as
“Designated Senior Debt” for purposes of Article Eleven) in the future in connection
with acquisitions or other investments but, in case of this clause (ii), excluding
any Restricted Subsidiaries of the Issuers in existence on the Issue Date that are
not party to the credit agreement governing the Acquisition Line or the Term Loan on
the Issue Date; provided, however, that any Subsidiary Guarantor that ceases to be a
borrower or guarantor in respect of the Acquisition Line or the Term Loan (or such
Permitted Refinancing Indebtedness) in accordance with the terms thereof shall, from
and after such date, no longer be a Subordinated Subsidiary Guarantor for purposes
of this Indenture (but, for the avoidance of doubt, shall remain a Subsidiary
Guarantor unless released in accordance with the terms of this Indenture).
b. Section 1.01 of the Indenture is hereby supplemented to add the following definition
in the appropriate alphabetical sequence:
“Subordinated Subsidiary Guaranty” means the Subsidiary Guaranty of a
Subordinated Subsidiary Guarantor.
3. New York Law to Govern. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO CONFLICTS
OF LAW PRINCIPLES TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE
REQUIRED THEREBY.
4. Counterparts. All parties may sign any number of copies of this Supplemental
Indenture. Each signed copy or counterpart shall be an original, but all of them together shall
represent the same agreement. Delivery of an executed counterpart of a signature page to this
Supplemental Indenture by facsimile, .pdf transmission, email or other electronic means shall be
effective as delivery of a manually executed counterpart.
5. Effect of Headings. The Section headings herein are for convenience only and shall
not affect the construction hereof.
* * *
2
IN WITNESS WHEREOF, the parties hereto have caused this First Supplemental Indenture to be
duly executed, all as of the date first above written.
AVIV HEALTHCARE PROPERTIES LIMITED PARTNERSHIP, as Issuer | ||||
By: Aviv REIT, Inc., its general partner | ||||
By: | /s/ Xxxxx X. Xxxxxxxxx | |||
Name: | Xxxxx X. Xxxxxxxxx | |||
Title: | President and Chief Executive Officer | |||
AVIV HEALTHCARE CAPITAL CORPORATION, as Issuer | ||||
By: | /s/ Xxxxx X. Xxxxxxxxx | |||
Name: | Xxxxx X. Xxxxxxxxx | |||
Title: | President and Chief Executive Officer | |||
AVIV REIT, INC., as Parent and a Guarantor | ||||
By: | /s/ Xxxxx X. Xxxxxxxxx | |||
Name: | Xxxxx X. Xxxxxxxxx | |||
Title: | President and Chief Executive Officer | |||
AVIV OP LIMITED PARTNER, L.L.C. and | ||||
AVIV ASSET MANAGEMENT, L.L.C., | ||||
as Subsidiary Guarantors | ||||
By: Aviv Healthcare Properties Limited Partnership, their sole member |
||||
By: Aviv REIT, Inc., its general partner | ||||
By: | /s/ Xxxxx X. Xxxxxxxxx | |||
Name: | Xxxxx X. Xxxxxxxxx | |||
Title: | President and Chief Executive Officer |
First Supplemental Indenture
AVIV HEALTHCARE PROPERTIES OPERATING PARTNERSHIP I, L.P., | ||||
as a Subsidiary Guarantor | ||||
By: Aviv Healthcare Properties Limited Partnership, its general partner |
||||
By: Aviv REIT, Inc., its general partner | ||||
By: | /s/ Xxxxx X. Xxxxxxxxx | |||
Name: | Xxxxx X. Xxxxxxxxx | |||
Title: | President and Chief Executive Officer | |||
AVIV FINANCING I, L.L.C., | ||||
AVIV FINANCING II, L.L.C., | ||||
AVIV FINANCING III, L.L.C., | ||||
AVIV FINANCING IV, L.L.C. and | ||||
AVIV FINANCING V, L.L.C., | ||||
as Subsidiary Guarantors | ||||
By: Aviv Healthcare Properties Operating Partnership I, L.P., their sole member | ||||
By: Aviv Healthcare Properties Limited Partnership, its general partner |
||||
By: Aviv REIT, Inc., its general partner | ||||
By: | /s/ Xxxxx X. Xxxxxxxxx | |||
Name: | Xxxxx X. Xxxxxxxxx | |||
Title: | President and Chief Executive Officer |
First Supplemental Indenture
The entities listed on Schedule I hereto, | ||||
as Subsidiary Guarantors | ||||
By: Aviv Financing I, L.L.C., their sole member | ||||
By: Aviv Healthcare Properties Operating Partnership I, L.P., its sole member | ||||
By: Aviv Healthcare Properties Limited Partnership, its general partner |
||||
By: Aviv REIT, Inc., its general partner | ||||
By: | /s/ Xxxxx X. Xxxxxxxxx | |||
Name: | Xxxxx X. Xxxxxxxxx | |||
Title: | President and Chief Executive Officer | |||
The entities listed on Schedule II hereto, | ||||
as Subsidiary Guarantors | ||||
By: Aviv Financing II, L.L.C., their sole member | ||||
By: Aviv Healthcare Properties Operating Partnership I, L.P., its sole member | ||||
By: Aviv Healthcare Properties Limited Partnership, its general partner |
||||
By: Aviv REIT, Inc., its general partner | ||||
By: | /s/ Xxxxx X. Xxxxxxxxx | |||
Name: | Xxxxx X. Xxxxxxxxx | |||
Title: | President and Chief Executive Officer |
First Supplemental Indenture
The entities listed on Schedule III hereto, | ||||
as Subsidiary Guarantors | ||||
By: Aviv Financing IV, L.L.C., their sole member | ||||
By: Aviv Healthcare Properties Operating Partnership I, L.P., its sole member | ||||
By: Aviv Healthcare Properties Limited Partnership, its general partner |
||||
By: Aviv REIT, Inc., its general partner | ||||
By: | /s/ Xxxxx X. Xxxxxxxxx | |||
Name: | Xxxxx X. Xxxxxxxxx | |||
Title: | President and Chief Executive Officer |
First Supplemental Indenture
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee, |
||||
By: | /s/ Xxxx Xxxxxxxx | |||
Name: | Xxxx Xxxxxxxx | |||
Title: | Vice President | |||
First Supplemental Indenture
Schedule I
Subsidiaries of Aviv Financing I, L.L.C.
Alamogordo Aviv, L.L.C.
Xxxx Xxxxx, L.L.C.
Aviv Liberty, L.L.C.
Avon Ohio, L.L.C.
Xxxxxx Harbor, L.L.C.
BHG Aviv, L.L.C.
Bonham Texas, L.L.C.
California Aviv Two, L.L.C.
California Aviv, L.L.C.
Chenal Arkansas, L.L.C.
Chippewa Valley, L.L.C.
Xxxxxxx Associates, L.L.C.
Columbia View Associates, L.L.C.
Columbus Texas Aviv, L.L.C.
Columbus Western Avenue, L.L.C.
Commerce Nursing Homes, L.L.C.
Denison Texas, L.L.C.
Falfurrias Texas, L.L.C.
Xxxxxxxx Heights Associates, L.L.C.
Freewater Oregon, L.L.C.
Fullerton California, L.L.C.
Great Bend Property, L.L.C.
Heritage Monterey Associates, L.L.C.
Highland Leasehold, L.L.C.
Xxxxx Associates, L.L.C.
Hot Springs Aviv, L.L.C.
Houston Texas Aviv, L.L.C.
Hutchinson Kansas, L.L.C.
Karan Associates, L.L.C.
Manor Associates, L.L.C.
Massachusetts Nursing Homes, L.L.C.
Missouri Regency Associates, L.L.C.
Mt. Vernon Texas, L.L.C.
Newtown ALF Property, L.L.C.
N.M. Bloomfield Three Plus One Limited Company
N.M. Espanola Three Plus One Limited Company
N.M. Lordsburg Three Plus One Limited Company
N.M. Silver City Three Plus One Limited Company
Omaha Associates, L.L.C.
Orange ALF Property, L.L.C.
Peabody Associates, L.L.C.
Raton Property Limited Company
Red Rocks, L.L.C.
Xxxx Xxxxx, L.L.C.
Aviv Liberty, L.L.C.
Avon Ohio, L.L.C.
Xxxxxx Harbor, L.L.C.
BHG Aviv, L.L.C.
Bonham Texas, L.L.C.
California Aviv Two, L.L.C.
California Aviv, L.L.C.
Chenal Arkansas, L.L.C.
Chippewa Valley, L.L.C.
Xxxxxxx Associates, L.L.C.
Columbia View Associates, L.L.C.
Columbus Texas Aviv, L.L.C.
Columbus Western Avenue, L.L.C.
Commerce Nursing Homes, L.L.C.
Denison Texas, L.L.C.
Falfurrias Texas, L.L.C.
Xxxxxxxx Heights Associates, L.L.C.
Freewater Oregon, L.L.C.
Fullerton California, L.L.C.
Great Bend Property, L.L.C.
Heritage Monterey Associates, L.L.C.
Highland Leasehold, L.L.C.
Xxxxx Associates, L.L.C.
Hot Springs Aviv, L.L.C.
Houston Texas Aviv, L.L.C.
Hutchinson Kansas, L.L.C.
Karan Associates, L.L.C.
Manor Associates, L.L.C.
Massachusetts Nursing Homes, L.L.C.
Missouri Regency Associates, L.L.C.
Mt. Vernon Texas, L.L.C.
Newtown ALF Property, L.L.C.
N.M. Bloomfield Three Plus One Limited Company
N.M. Espanola Three Plus One Limited Company
N.M. Lordsburg Three Plus One Limited Company
N.M. Silver City Three Plus One Limited Company
Omaha Associates, L.L.C.
Orange ALF Property, L.L.C.
Peabody Associates, L.L.C.
Raton Property Limited Company
Red Rocks, L.L.C.
Riverside Nursing Home Associates, L.L.C.
Santa Xxx-Xxxxxxxx, L.L.C.
Savoy/Bonham Venture, L.L.C.
Skyview Associates, L.L.C.
Tujunga, L.L.C.
VRB Aviv, L.L.C.
Washington-Oregon Associates, L.L.C.
Xxxxxxx Healthcare Associates, L.L.C.
Xxxxxx Texas Aviv, L.L.C.
Yuba Aviv, L.L.C.
Santa Xxx-Xxxxxxxx, L.L.C.
Savoy/Bonham Venture, L.L.C.
Skyview Associates, L.L.C.
Tujunga, L.L.C.
VRB Aviv, L.L.C.
Washington-Oregon Associates, L.L.C.
Xxxxxxx Healthcare Associates, L.L.C.
Xxxxxx Texas Aviv, L.L.C.
Yuba Aviv, L.L.C.
Schedule II
Subsidiaries of Aviv Financing II, L.L.C.
Arkansas Aviv, L.L.C.
Aviv Foothills, L.L.C.
Belleville Illinois, L.L.C.
Bellingham II Associates, L.L.C.
Camas Associates, L.L.C.
Chatham Aviv, L.L.C.
Clarkston Care, L.L.C.
Colonial Madison Associates, L.L.C.
CR Aviv, L.L.C.
Effingham Associates, L.L.C.
Elite Mattoon, L.L.C.
Elite Yorkville, L.L.C.
Fountain Associates, L.L.C.
Four Fountains Aviv, L.L.C.
Giltex Care, L.L.C.
HHM Aviv, L.L.C.
Hidden Acres Property, L.L.C.
Idaho Associates, L.L.C.
Karan Associates Two, L.L.C.
KB Northwest Associates, L.L.C.
Mansfield Aviv, L.L.C.
Minnesota Associates, L.L.C.
Monterey Park Leasehold Mortgage, L.L.C.
Northridge Arkansas, L.L.C.
Norwalk ALF Property, L.L.C.
Oakland Nursing Homes, L.L.C.
October Associates, L.L.C.
Xxxxx Associates, L.L.C.
Ohio Aviv, L.L.C.
Oregon Associates, L.L.C.
Prescott Arkansas, L.L.C.
Salem Associates, L.L.C.
San Xxxx NH Property, L.L.C.
Santa Fe Missouri Associates, L.L.C.
Xxxxxx Aviv, L.L.C.
Skagit Aviv, L.L.C.
Southeast Missouri Property, L.L.C.
Star City Arkansas, L.L.C.
Sun-Mesa Properties, L.L.C.
Wellington Leasehold, L.L.C.
West Pearl Street, L.L.C.
Woodland Arkansas, L.L.C.
Xion, L.L.C.
Aviv Foothills, L.L.C.
Belleville Illinois, L.L.C.
Bellingham II Associates, L.L.C.
Camas Associates, L.L.C.
Chatham Aviv, L.L.C.
Clarkston Care, L.L.C.
Colonial Madison Associates, L.L.C.
CR Aviv, L.L.C.
Effingham Associates, L.L.C.
Elite Mattoon, L.L.C.
Elite Yorkville, L.L.C.
Fountain Associates, L.L.C.
Four Fountains Aviv, L.L.C.
Giltex Care, L.L.C.
HHM Aviv, L.L.C.
Hidden Acres Property, L.L.C.
Idaho Associates, L.L.C.
Karan Associates Two, L.L.C.
KB Northwest Associates, L.L.C.
Mansfield Aviv, L.L.C.
Minnesota Associates, L.L.C.
Monterey Park Leasehold Mortgage, L.L.C.
Northridge Arkansas, L.L.C.
Norwalk ALF Property, L.L.C.
Oakland Nursing Homes, L.L.C.
October Associates, L.L.C.
Xxxxx Associates, L.L.C.
Ohio Aviv, L.L.C.
Oregon Associates, L.L.C.
Prescott Arkansas, L.L.C.
Salem Associates, L.L.C.
San Xxxx NH Property, L.L.C.
Santa Fe Missouri Associates, L.L.C.
Xxxxxx Aviv, L.L.C.
Skagit Aviv, L.L.C.
Southeast Missouri Property, L.L.C.
Star City Arkansas, L.L.C.
Sun-Mesa Properties, L.L.C.
Wellington Leasehold, L.L.C.
West Pearl Street, L.L.C.
Woodland Arkansas, L.L.C.
Xion, L.L.C.
Schedule III
Subsidiaries of Aviv Financing IV, L.L.C.
Xxxxxx NH Property, L.L.C.
Casa/Sierra California Associates, L.L.C.
Kingsville Texas, L.L.C.
Missouri Associates, L.L.C.
Montana Associates, L.L.C.
Orange, L.L.C.
Pomona Vista, L.L.C.
Richland Washington, L.L.C.
Xxxx Xxxxxxx Park Property, L.L.C.
Watauga Associates, L.L.C.
Casa/Sierra California Associates, L.L.C.
Kingsville Texas, L.L.C.
Missouri Associates, L.L.C.
Montana Associates, L.L.C.
Orange, L.L.C.
Pomona Vista, L.L.C.
Richland Washington, L.L.C.
Xxxx Xxxxxxx Park Property, L.L.C.
Watauga Associates, L.L.C.