AMENDMENT NO. 1 TO AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT originally dated as of March 25, 2004 by and among THE ENSIGN GROUP, INC., ENSIGN WHITTIER WEST LLC, ENSIGN WHITTIER EAST LLC, ENSIGN SANTA ROSA LLC, ENSIGN PANORAMA LLC, ENSIGN...
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Exhibit 10.20
$20,000,000.00
AMENDMENT NO. 1 TO
AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT
originally dated as of March 25, 2004 by and among
THE
ENSIGN GROUP, INC., ENSIGN WHITTIER WEST LLC,
ENSIGN WHITTIER EAST LLC, ENSIGN SANTA XXXX LLC, ENSIGN PANORAMA LLC,
XXXXXX XXXXXX LLC, ENSIGN SAN DIMAS LLC, ENSIGN XXXXXXXXXX LLC,
ENSIGN PALM I LLC, ENSIGN SONOMA LLC, ENSIGN CLOVERDALE LLC,
ENSIGN XXXXXXX LLC, ENSIGN PLEASANTON LLC,
00XX XXXXXX HEALTHCARE ASSOCIATES LLC,
GLENDALE HEALTHCARE ASSOCIATES LLC,
ATLANTIC MEMORIAL HEALTHCARE ASSOCIATES, INC.,
XXXX XXXX HEALTHCARE ASSOCIATES, INC.,
LEMON GROVE HEALTH ASSOCIATES LLC,
PRESIDIO HEALTH ASSOCIATES LLC, XXXX VILLA CARE ASSOCIATES LLC,
XXXXXX COMMUNITY CARE LLC, XXXXX XXXXXXXX HEALTHCARE LLC,
WEST ESCONDIDO HEALTHCARE LLC, REDBROOK HEALTHCARE ASSOCIATES LLC,
HB HEALTHCARE ASSOCIATES LLC, NORTH MOUNTAIN HEALTHCARE LLC,
PARK WAVERLY HEALTHCARE LLC, SUNLAND HEALTH ASSOCIATES LLC,
VISTA XXXXX HEALTH ASSOCIATES LLC, CITY HEIGHTS HEALTH ASSOCIATES LLC,
CLAREMONT FOOTHILLS HEALTH ASSOCIATES LLC,
C STREET HEALTH ASSOCIATES LLC, XXXXXXXX XXXXXXX HEALTHCARE LLC
(collectively, "Continuing Borrower")
RADIANT
HILLS HEALTH ASSOCIATES LLC, HIGHLAND HEALTHCARE LLC,
GATE THREE HEALTHCARE LLC, SOUTHLAND MANAGEMENT LLC,
MANOR PARK HEALTHCARE LLC, NORTHERN OAKS HEALTHCARE, INC.,
SALADO CREEK SENIOR CARE, INC., MCALLEN COMMUNITY HEALTHCARE, INC.,
WELLINGTON HEALTHCARE, INC.
(collectively, "New Borrower")
ENSIGN
HIGHLAND LLC
("Withdrawing Borrower")
and
GENREAL
ELECTRIC CAPITAL CORPORATION
("Lender")
Amended as of December 3, 2004
AMENDMENT NO. 1 TO AMENDED AND
RESTATED LOAN AND SECURITY AGREEMENT
THIS AMENDMENT NO. 1 TO AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT (this "Amendment") is made as of this 3rd, day of December, 2004, by and among THE ENSIGN GROUP, INC., a Delaware corporation, ENSIGN HIGHLAND LLC, a Nevada limited liability company, ENSIGN WHITTIER WEST LLC, a Nevada limited liability company, ENSIGN WHITTIER EAST LLC, a Nevada limited liability company, ENSIGN SANTA XXXX LLC, a Nevada limited liability company, and ENSIGN PANORAMA LLC, a Nevada limited liability company, XXXXXX XXXXXX LLC, a Nevada limited liability company, ENSIGN SAN DIMAS LLC, a Nevada limited liability company, ENSIGN XXXXXXXXXX LLC, a Nevada limited liability company, ENSIGN CLOVERDALE LLC, a Nevada limited liability company, ENSIGN PALM I LLC, a Nevada limited liability company, ENSIGN SONOMA LLC, a Nevada limited liability company, ENSIGN XXXXXXX LLC, a Nevada limited liability company, ENSIGN PLEASANTON LLC, a Nevada limited liability company, 00xx XXXXXX HEALTHCARE ASSOCIATES LLC, a Nevada limited liability company, GLENDALE HEALTHCARE ASSOCIATES LLC, a Nevada limited liability company, ATLANTIC MEMORIAL HEALTHCARE ASSOCIATES, INC., a Nevada corporation, and XXXX XXXX HEALTHCARE ASSOCIATES, INC., a Nevada corporation, LEMON GROVE HEALTH ASSOCIATES LLC, a Nevada limited liability company, PRESIDIO HEALTH ASSOCIATES LLC, a Nevada limited liability company, XXXX VILLA CARE ASSOCIATES LLC, a Nevada limited liability company, XXXXXX COMMUNITY CARE LLC, a Nevada limited liability company, XXXXX XXXXXXXX HEALTHCARE LLC, a Nevada limited liability company, WEST ESCONDIDO HEALTHCARE LLC, a Nevada limited liability company, REDBROOK HEALTHCARE ASSOCIATES LLC, a Nevada limited liability company, HB HEALTHCARE ASSOCIATES LLC, a Nevada limited liability company, NORTH MOUNTAIN HEALTHCARE LLC, a Nevada limited liability company, PARK WAVERLY HEALTHCARE LLC, a Nevada limited liability company, SUNLAND HEALTH ASSOCIATES LLC, a Nevada limited liability company, VISTA XXXXX HEALTH ASSOCIATES LLC, a Nevada limited liability company, CITY HEIGHTS HEALTH ASSOCIATES LLC, a Nevada limited liability company, CLAREMONT FOOTHILLS HEALTH ASSOCIATES LLC, a Nevada limited liability company, C STREET HEALTH ASSOCIATES LLC, a Nevada limited liability company, and XXXXXXXX XXXXXXX HEALTHCARE LLC, a Nevada limited liability company (collectively, "Continuing Borrower"), RADIANT HILLS HEALTH ASSOCIATES LLC, a Nevada limited liability company, HIGHLAND HEALTHCARE LLC, a Nevada limited liability company, GATE THREE HEALTHCARE LLC, a Nevada limited liability company, SOUTHLAND MANAGEMENT LLC, Nevada limited liability company, MANOR PARK HEALTHCARE LLC, a Nevada limited liability company, NORTHERN OAKS HEALTHCARE, INC., a Nevada corporation, SALADO CREEK SENIOR CARE, INC., a Nevada corporation, McALLEN COMMUNITY HEALTHCARE, INC., a Nevada corporation, WELLINGTON HEALTHCARE, INC., a Nevada corporation (collectively "New Borrower", and together with Continuing Borrower, "Borrower"), ENSIGN HIGHLAND LLC, a Nevada limited liability company ("Withdrawing Borrower"), and GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation ("Lender").
A. Pursuant to that certain Amended and Restated Loan and Security Agreement dated as of March 25, 2004 by and between Continuing Borrower and Lender (as amended, modified and restated from time to time, the "Loan Agreement"), the parties have established certain financing arrangements that allow funds to be borrowed from Lender in accordance with the terms and conditions set forth in the Loan Agreement.
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B. Continuing Borrower and New Borrower have requested that the proceeds of the Loan be made available to New Borrower.
C. The entity designated above as "Withdrawing Borrower" is not an operating entity and desires to withdraw as a borrower under the Loan Agreement. Lender, Continuing Borrower, New Borrower and Withdrawing Borrower have agreed that Withdrawing Borrower shall no longer be a party to the Loan Agreement.
D. The parties now desire to amend the Loan Agreement in accordance with the terms and conditions set forth below.
NOW, THEREFORE, in consideration of the premises set forth above, the terms and conditions contained in this Amendment, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties have agreed to the following amendments to the Loan Agreement. Capitalized terms used but not defined in this Amendment shall have the meanings that are set forth in the Loan Agreement.
1. Addition of New Borrower. Continuing Borrower, New Borrower and Lender agree that, upon satisfaction of the conditions set forth herein, New Borrower shall constitute a "Borrower" for purposes of, and as defined in, the Loan Agreement and all other Loan Documents. Accordingly, New Borrower hereby agrees to be bound, jointly and severally, by all of the conditions, covenants, representations, warranties, and other agreements set forth in the Loan Agreement, and hereby agrees to promptly execute all further documentation required by Lender to be executed by New Borrower, consistent with the terms of the Loan Agreement.
2. Withdrawal of Withdrawing Borrower. Withdrawing Borrower shall no longer be party to the Loan Agreement or any of the other Loan Documents and will not be bound, by any of the conditions, covenants, representations, warranties, and other agreements set forth in the Loan Agreement or any of the other Loan Documents. Withdrawing Borrower shall remain an obligated party under that certain Amended and Restated Loan Agreement dated as of December , 2004, as amended, among Sky Holdings AZ LLC, Terrace Holdings AZ LLC, Withdrawing Borrower and Valley Health Holdings LLC, as mortgage borrowers, and Lender, as lender.
3. Amendment to Section 1.47. Section 1.47 of the Loan Agreement is hereby amended by deleting the existing Section 1.47 in its entirety and by inserting in lieu thereof the following new Section 1.47:
Section 1.47. Real Estate Borrower. "Real Estate Borrower" means, collectively, Sky Holdings AZ LLC, Terrace Holdings AZ LLC, Ensign Highland LLC and Valley Health Holdings LLC, as mortgage borrowers under that certain Amended and Restated Loan Agreement dated as of December , 2004, as amended, among such mortgage borrowers and Lender.
4. Amendment to Section 1.48. Section 1.48 of the Loan Agreement is hereby amended by deleting the existing Section 1.48 in its entirety and by inserting in lieu thereof the following new Section 1.48:
Section 1.48. Real Estate Loan Documents. "Real Estate Loan Documents" shall mean that certain Amended and Restated Loan Agreement dated as of December , 2004, as amended, among Sky Holdings AZ LLC, Terrace Holdings AZ LLC, Ensign Highland LLC and Valley Health Holdings LLC, as mortgage borrowers, and Lender, as lender, and all instruments and documents executed in connection with such loan made pursuant thereto, as such documents and instruments may be amended from time to time.
5. Amendment to Section 2.1(e). Section 2.1(e) of the Loan Agreement is hereby amended by deleting from the eleventh (11) line thereof, relating to the condition with respect to annualized Net Operating Income, the words "Two Million Five Hundred Fifty Thousand and No/100 Dollars
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($2,550,000.00)" and by inserting in lieu thereof the words "Three Million Five Hundred Thousand and No/100 Dollars ($3,500,000.00)".
6. New Facilities. The following new facilities (the "New Facility") operated by New Borrower shall be added to the Borrowing Base:
| North Mountain Medical & Rehabilitation Center 0000 Xxxxx 0xx Xxxxxx Xxxxxxx, Xxxxxxx (operated by Radiant Hills Health Associates LLC) |
Highland Manor Health & Rehabilitation Center 0000 Xxxxx 00xx Xxxxxx Xxxxxxx, Xxxxxxx (operated by Highland Healthcare LLC) |
|
Palm Terrace Rehab & Healthcare Center 00000 Xxxxx Xxxxxx Xxxxxx Xxxxx, Xxxxxxxxxx (operated by Gate Three Healthcare LLC) |
Southland and Southland Home 00000 Xxxxxxxxxx Xxxx Xxxxxxx, Xxxxxxxxxx (operated by Southland Management LLC) |
|
Park Manor Rehabilitation Center 0000 Xxxxx Xxx Xxxxx Xxxxx, Xxxxxxxxxx (operated by Manor Park Healthcare LLC) |
Northern Oaks Living & Rehabilitation Center 0000 Xxx Xxxxx Xxxx Xxxxxxx, Xxxxx (operated by Northern Oaks Healthcare, Inc.) |
|
Salado Creek Living & Rehabilitation Center 000 Xxxxxxx Xxxxx Xxx Xxxxxxx, Xxxxx (operated by Salado Creek Senior Care, Inc.) |
The Village Care Center 000 Xxxxx Xxxx Xxxx XxXxxxx, Xxxxx (operated by McAllen Community Healthcare, Inc.) |
|
Wellington Place Living & Rehabilitation Center 0000 Xxxxx 00xx Xxxxxx Xxxxxx, Xxxxx (operated by Wellington Healthcare, Inc.) |
7. Grant by New Borrower of Security Interest. Consistent with the intent of the parties, New Borrower hereby grants to Lender a continuing first priority lien on and security interest in, upon, and to the Collateral, pursuant to and in accordance with the terms of Article III of the Loan Agreement, as follows:
(a) All of Borrower's now-owned and hereafter acquired or arising Accounts, accounts receivable and rights to payment of every kind and description, and all of Borrower's contract rights, chattel paper, documents and instruments with respect thereto, and all of Borrower's rights, remedies, security and liens, in, to and in respect of the Accounts, including, without limitation, rights of stoppage in transit, replevin, repossession and reclamation and other rights and remedies of an unpaid vendor, lienor or secured party, guaranties or other contracts of suretyship with respect to the Accounts, deposits or other security for the obligation of any Account Debtor, and credit and other insurance;
(b) All moneys, securities and other property and the proceeds thereof, now or hereafter held or received by, in transit to, in possession of, or under the control of Lender or a bailee or Affiliate of Lender, from or for Borrower, whether for safekeeping, pledge, custody, transmission, collection or otherwise, and all of Borrower's deposits (general or special), balances, sums and credits with Lender at any time existing;
(c) All of Borrower's right, title and interest in, to and in respect of all goods relating to, or which by sale have resulted in, Accounts, including, without limitation, all goods described in invoices or other documents or instruments with respect to, or otherwise representing or evidencing, any Account, and all returned, reclaimed or repossessed goods;
(d) All of Borrower's now owned or hereafter acquired deposit accounts into which Accounts are deposited, including the Lockbox Account;
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(e) All of Borrower's now owned and hereafter acquired or arising general intangibles and other property of every kind and description with respect to, evidencing or relating to its Accounts, accounts receivable and other rights to payment, including, without limitation, all existing and future customer lists, choses in action, claims, books, records, ledger cards, contracts, licenses, formulae, tax and other types of refunds, returned and unearned insurance premiums, rights and claims under insurance policies, and computer programs, information, software, records, and data, as the same relates to the Accounts;
(f) All of Borrower's other general intangibles (including, without limitation, any proceeds from insurance policies after payment of prior interests), patents, unpatented inventions, trade secrets, copyrights, contract rights, goodwill, literary rights, rights to performance, rights under licenses, choses-in-action, claims, information contained in computer media (such as data bases, source and object codes, and information therein), things in action, trademarks and trademarks applied for (together with the goodwill associated therewith) and derivatives thereof, trade names, including the right to make, use, and vend goods utilizing any of the foregoing, and permits, licenses, certifications, authorizations and approvals, and the rights of Borrower thereunder, issued by any governmental, regulatory, or private authority, agency, or entity whether now owned or hereafter acquired, together with all cash and non-cash proceeds and products thereof;
(g) All of Borrower's now owned or hereafter acquired inventory of every description which is held by Borrower for sale or lease or is furnished by Borrower under any contract of service or is held by Borrower as raw materials, work in process or materials used or consumed in a business, wherever located, and as the same may now and hereafter from time to time be constituted, together with all cash and non-cash proceeds and products thereof;
(h) All of Borrower's now owned or hereafter acquired machinery, equipment, computer equipment, tools, tooling, furniture, fixtures, goods, supplies, materials, work in process, whether now owned or hereafter acquired, together with all additions, parts, fittings, accessories, special tools, attachments, and accessions now and hereafter affixed thereto and/or used in connection therewith, all replacements thereof and substitutions therefor, and all cash and non-cash proceeds and products thereof; and
(i) The proceeds (including, without limitation, insurance proceeds) of all of the foregoing.
8. Confirmation of Representations and Warranties. Borrower hereby (a) confirms that all of the representations and warranties set forth in Article IV of the Loan Agreement are true and correct, and (b) specifically represents and warrants to Lender that it has good and marketable title to all of its respective Collateral, free and clear of any lien or security interest in favor of any other person or entity, except as identified in Schedule 1.38 and Schedule 4.19 to the Loan Agreement, each as updated, and as otherwise permitted pursuant to the Loan Agreement.
9. Effective Date. This Amendment shall be effective upon:
(a) Borrower shall have delivered to Lender, in each case executed by a duly authorized member and/or officer of each Borrower, this Amendment and a Second Amended and Restated Promissory Note in a form satisfactory to Lender (which shall be considered to be the "Note" referred to in the Loan Agreement); and
(b) Lender shall have received and approved:
(i) A duly enacted Resolution or Consent of Member from each New Borrower authorizing the execution, delivery and performance of the Loan Documents and the borrowing of the Loan under the Loan Documents, as well as the an Incumbency Certificate containing the names and signatures of the officers of the sole member of New Borrower authorized to execute documents on its behalf in connection with the Loan, all as also certified as of the date of this Amendment by New Borrower's chief financial officer, or equivalent, and such other papers as Lender may reasonably require;
(ii) copies, certified as true, correct and complete by the sole member of each New Borrower, of the certificate of organization of each New Borrower, with any amendments to any of the foregoing, and all other documents necessary for performance of the obligations of New Borrower under this Amendment, the Loan Agreement and the other Loan Documents;
(iii) financing statement, tax lien and pending litigation search results with respect to each New Borrower and the New Facilities;
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(iv) an updated Borrowing Base Certificate which includes calculations with respect to each New Borrower and the New Facilities;
(v) complete copies of the relevant executed purchase agreement, lease agreement, sublease agreement, management agreement, license, permit and Medicare and Medicaid provider agreements evidencing the New Borrowers' right to own and/or operate (whether by lease, sublease, assignment of lease, management agreement or deed) the New Facilities;
(vi) updated Schedules to the Loan Agreement, as described below;
(vii) landlord estoppel certificates executed by each landlord for the New Facilities;
(viii) a fully executed Amendment to Four Party Lockbox Agreement;
(ix) an Amended and Restated Certificate of Validity;
(x) Confirmation and Assignment Agreement in respect of Accounts generated at the New Facilities, if necessary;
(xi) insurance certificates for the New Facilities naming Lender as an additional insured; and
(xii) such additional information, documents and certifications as Lender shall reasonably deem necessary.
Notwithstanding the foregoing, the items listed in clauses (iii), (iv), (v), (vii), (x) and (xi) may be delivered after the effective date of this Amendment with respect to one or more of the Facilities; provided that Accounts of such Facilities shall not be included within the Borrowing Base until such items are delivered to Lender's satisfaction.
10. Updated Schedules. As a condition precedent to Lender's agreement to enter into this Amendment, and in order for this Amendment to be effective, Borrower shall revise, update and deliver to Lender all Schedules to the Loan Agreement to (a) reflect updated and accurate information with respect to New Borrower, and (b) to update all other information as necessary to make the Schedules previously delivered correct. Borrower hereby represents and warrants that the information set forth on the attached Schedules is true and correct as of the date of this Amendment. The attached Schedules are hereby incorporated into the Loan Agreement as if originally set forth therein.
11. Enforceability. This Amendment constitutes the legal, valid and binding obligation of each Borrower and is enforceable against each such Borrower in accordance with its terms.
12. Reference to the Effect on the Loan Agreement.
(a) Upon the effectiveness of this Amendment, each reference in the Loan Agreement to "this Agreement," "hereunder," "hereof," "herein" or words of similar import shall mean and be a reference to the Loan Agreement as amended by this Amendment.
(b) Except as specifically amended above, the Loan Agreement and all other Loan Documents shall remain in full force and effect and are hereby ratified and confirmed.
(c) The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided in this Amendment, operate as a waiver of any right, power or remedy of Lender, nor constitute a waiver of any provision of the Loan Agreement or any other documents, instruments and agreements executed or delivered in connection with the Loan Agreement.
(d) This Amendment (together with any other document executed in connection herewith) is not intended to be, nor shall it be construed as, a novation of the Loan Agreement.
13. Governing Law. This Amendment shall be governed by and construed in accordance with the laws of the State of Maryland.
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14. Headings. Section headings in this Amendment are included for convenience of reference only and shall not constitute a part of this Amendment for any other purpose.
15. Counterparts. This Amendment may be executed in counterparts, and such counterparts taken together shall be deemed to constitute one and the same instrument.
[SIGNATURES FOLLOW]
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IN WITNESS WHEREOF, intending to be legally bound, the parties have caused this Amendment to be executed as of the date first written above.
| LENDER: | ||||
GE HFS HOLDINGS, INC. f/k/a Xxxxxx Healthcare Finance, Inc. a Delaware corporation |
||||
By: |
/s/ Xxxxx Xxxx |
|||
| Name: | XXXXX XXXX | |||
| Title: | DULY AUTHORIZED SIGNATORY | |||
ATTEST/WITNESS |
CONTINUING BORROWER THE ENSIGN GROUP, INC. a Delaware corporation |
|||
By: |
/s/ Xxxx X. Xxxxxx Xxxx X. Xxxxxx Vice President |
By: |
/s/ Xxxxxxxxxxx X. Xxxxxxxxxxx Xxxxxxxxxxx X. Xxxxxxxxxxx President |
|
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| ENSIGN WHITTIER WEST LLC ENSIGN WHITTIER EAST LLC ENSIGN SANTA XXXX LLC ENSIGN PANORAMA LLC ENSIGN SAN DIMAS LLC XXXXXX XXXXXX LLC ENSIGN XXXXXXXXXX LLC ENSIGN CLOVERDALE LLC ENSIGN PALM I LLC ENSIGN SONOMA LLC ENSIGN XXXXXXX LLC ENSIGN PLEASANTON LLC 00xx XXXXXX HEALTHCARE ASSOCIATES LLC GLENDALE HEALTHCARE ASSOCIATES LLC each, a Nevada limited liability company |
||||
By: |
The Ensign Group, Inc. Its Sole Member |
|||
ATTEST/WITNESS |
||||
By: |
/s/ Xxxx X. Xxxxxx Xxxx X. Xxxxxx Vice President |
By: |
/s/ Xxxxxxxxxxx X. Xxxxxxxxxxx Xxxxxxxxxxx X. Xxxxxxxxxxx President |
|
ATLANTIC MEMORIAL HEALTHCARE ASSOCIATES, INC. XXXX XXXX HEALTHCARE ASSOCIATES, INC. |
||||
| ATTEST/WITNESS | ||||
| each, a Nevada corporation | ||||
By: |
/s/ Xxxx X. Xxxxxx Xxxx X. Xxxxxx Vice President |
By: |
/s/ Xxxxxxxxxxx X. Xxxxxxxxxxx Xxxxxxxxxxx X. Xxxxxxxxxxx President |
|
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| LEMON GROVE HEALTH ASSOCIATES LLC PRESIDIO HEALTH ASSOCIATES LLC XXXX VILLA CARE ASSOCIATES LLC XXXXXX COMMUNITY CARE LLC XXXXX XXXXXXXX HEALTHCARE LLC WEST ESCONDIDO HEALTHCARE LLC REDBROOK HEALTHCARE ASSOCIATES LLC HB HEALTHCARE ASSOCIATES LLC NORTH MOUNTAIN HEALTHCARE LLC PARK WAVERLY HEALTHCARE LLC SUNLAND HEALTH ASSOCIATES LLC VISTA XXXXX HEALTH ASSOCIATES LLC CITY HEIGHTS HEALTH ASSOCIATES LLC CLAREMONT FOOTHILLS HEALTH ASSOCIATES LLC C STREET HEALTH ASSOCIATES LLC XXXXXXXX XXXXXXX HEALTH CARE LLC each, a Nevada limited liability company |
||||
ATTEST/WITNESS |
||||
| By: | The Ensign Group, Inc. Its Sole Member |
|||
By: |
/s/ Xxxx X. Xxxxxx Xxxx X. Xxxxxx Vice President |
By:: |
/s/ Xxxxxxxxxxx X. Xxxxxxxxxxx Xxxxxxxxxxx X. Xxxxxxxxxxx President |
|
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| NEW BORROWER: | ||||
RADIANT HILLS HEALTH ASSOCIATES LLC HIGHLAND HEALTHCARE LLC GATE THREE HEALTHCARE LLC SOUTHLAND MANAGEMENT LLC MANOR PARK HEALTHCARE LLC |
||||
each, a Nevada limited liability company |
||||
ATTEST/WITNESS |
||||
| By: | The Ensign Group, Inc. Its Sole Member |
|||
By: |
/s/ Xxxx X. Xxxxxx Xxxx X. Xxxxxx Vice President |
By: |
/s/ Xxxxxxxxxxx X. Xxxxxxxxxxx Xxxxxxxxxxx X. Xxxxxxxxxxx President |
|
NORTHERN OAKS HEALTHCARE, INC. SALADO CREEK SENIOR CARE, INC. MCALLEN COMMUNITY HEALTHCARE, INC. WELLINGTON HEALTHCARE, INC. |
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| ATTEST/WITNESS | each, a Nevada corporation | |||
By: |
/s/ Xxxx X. Xxxxxx Xxxx X. Xxxxxx Vice President |
By: |
/s/ Xxxxxxxxxxx X. Xxxxxxxxxxx Xxxxxxxxxxx X. Xxxxxxxxxxx President |
|
WITHDRAWING BORROWER: |
||||
ENSIGN HIGHLAND LLC a Nevada limited liability company |
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ATTEST/WITNESS |
By: |
The Ensign Group, Inc. Its Sole Member |
||
By: |
/s/ Xxxx X. Xxxxxx Xxxx X. Xxxxxx Vice President |
By: |
/s/ Xxxxxxxxxxx X. Xxxxxxxxxxx Xxxxxxxxxxx X. Xxxxxxxxxxx President |
|
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| Schedule 1.39 | — | Permitted Liens | ||
Schedule 4.1 |
— |
Subsidiaries |
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Schedule 4.5 |
— |
Litigation |
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Schedule 4.13 |
— |
Non-Compliance with Law |
||
Schedule 4.14 |
— |
Environmental Matters |
||
Schedule 4.15 |
— |
Places of Business with patient census |
||
Schedule 4.16 |
— |
Licenses |
||
Schedule 4.17 |
— |
Stock Ownership |
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Schedule 4.19 |
— |
Borrowings and Guarantees |
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Schedule 4.21 |
— |
Trade Names |
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Schedule 4.22 |
— |
Joint Ventures |
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Schedule 7.12 |
— |
Transactions with Affiliates |
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SCHEDULES TO AMENDMENT NO. 1 TO
AMENDED & RESTATED LOAN AGREEMENT
(No. 14)
| Sched |
Description |
Matters Covered |
||
|---|---|---|---|---|
| 1.38 | Permitted Liens: | (i) Landlord's liens, both statutory and contractual, contained in or created by the various leases, security agreement, pledges and related documentation covering the locations described in Schedule 4.15, but only to the extent that such liens are contractually subordinated to Lender's liens and security interests pursuant to agreements between Lender and such landlords that are satisfactory to Lender | ||
(ii) (a) The lien of the Deed of Trust and Assignment of Rents by and between Ensign Southland LLC as Trustor and Continental Xxxxxxx Associates, Inc. as Beneficiary, affecting the California Property and recorded January 30, 2001 at Document No. 00-0000000 in the office of the Los Angeles County Recorder, securing indebtedness in the original principal amount of $7,455,100, and (b) the lien of the Leasehold Deed of Trust with Assignment of Rents as Additional Security by and between Ensign Santa Xxxx LLC as Trustor and Xxxxxxxx Health, Inc. as Beneficiary, affecting the leasehold for Summerfield Convalescent Hospital and recorded September 22, 2000 at Document No. 0000000000 in the office of the Sonoma County Recorder, securing seller carryback indebtedness in the original principal amount of $252,413.44, as well as the corresponding Security Agreement dated July 1, 2000 covering the same obligations and assets and the accompanying UCC-1 filed September 11, 2000 at Document No. 0026260342 in the office of the California Secretary of State; and (c) the lien of the Deed of Trust, Assignment of Rents Security Agreement and Fixture Financing Statement by and between Sky Holdings AZ LLC as Trustor and General Electric Capital Corporation as Agent for the Lenders identified in the corresponding Loan Agreement as Beneficiary, affecting the Desert Sky Facility located at 0000 X. 00xx, Xxxxxx, Xxxxxxxx, Xxxxxxx, and recorded March 25, 2004 at Document No. 2004-0305693 in the office of the Maricopa County Recorder, securing indebtedness in the original principal amount of $12,400,000 (to be increased to $18,400,000 concurrently with the execution of this Amendment); (d) the lien of the Deed of Trust, Assignment of Rents Security Agreement and Fixture Financing Statement by and between Terrace Holdings AZ LLC as Trustor and General Electric Capital Corporation as Agent for the Lenders identified in the corresponding Loan Agreement as Beneficiary, affecting the Desert Terrace Facility located at 0000 X. 00xx Xxxxxx, Xxxxxxx, Xxxxxxx, and recorded March 25, 2004 at Document No. 2004-0305689 in the office of the Maricopa County Recorder, securing indebtedness in the original principal amount of $12,400,000 (to be increased to $18,400,000 concurrently with the execution of this Amendment); and (e) the lien of the Deed of Trust, Assignment of Rents Security Agreement and Fixture Financing Statement by and between Ensign Highland LLC as Trustor and General Electric Capital Corporation as Agent for the Lenders identified in the corresponding Loan Agreement as Beneficiary, affecting the Highland Manor Facility located at 0000 X. 00xx Xxxxxx, Xxxxxxx, Xxxxxxx, and recorded March 25, 2004 at Document No. 2004-0305691 in the office of the Maricopa County Recorder, securing indebtedness in the original principal amount of $12,400,000 (to be increased to $18,400,000 concurrently with the execution of this Amendment); and (f) the lien of the Deed of Trust and Security Agreement by and between The Xxxx Xxxx Xxxxxxx Living Trust, Xxxx Xxxx Xxxxxxx, Trustee and Northern Life Insurance Company, affecting the Catalina Facility located at 0000 Xxxxx Xxxxxx Xxxxxx, Xxxxxx, Xxxxxxx, as recorded March 31, 1995 in Pima County Recorder Docket No. 10012 at Page 870, as assumed by Presidio Health Associates LLC by Assignment, Assumption and Amendatory Agreement recorded May 16, 2003 at Pima County Recorder Doc. Xx. 00- . |
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(xxx) Xxxxx permitted to be created by Sections 6.23 and 7.1(d) of the Loan Agreement. |
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4.1 |
Subsidiaries: |
Original Borrower is the sole Member of Ensign Highland LLC, Highland Healthcare LLC, Ensign Whittier East LLC, Ensign Whittier West LLC, Ensign Santa Xxxx LLC, Ensign Panorama LLC, Xxxxxx Xxxxxx LLC, Ensign San Dimas LLC (formerly Xxxxxx Xxxxx LLC), Ensign Xxxxxxxxxx LLC (formerly Ensign Xxxxxxx LLC), Ensign Southland LLC, Southland Management LLC, Ensign Bellflower LLC, Ensign Palm I LLC, Ensign Cloverdale LLC, Ensign Sonoma LLC, Ensign Xxxxxxx LLC, Ensign Pleasanton LLC, Sky Holdings AZ LLC, Glendale Healthcare Associates LLC, Terrace Holdings AZ LLC, 00xx Xxxxxx Xxxxxxxxxx Xxxxxxxxxx XXX, Xxxxx Xxxx Healthcare LLC, Moenium Holdings LLC, Xxxxx Road Senior Housing LLC, Greenfields Assisted Living LLC, Lemon Grove Health Associates LLC, Rillito Holdings LLC, Presidio Health Associates LLC, Xxxx Villa Care Associates LLC, Xxxxxx Community Care LLC, Xxxxx Xxxxxxxx Healthcare LLC, West Escondido Healthcare LLC, Redbrook Healthcare Associates LLC, HB Healthcare Associates LLC, Adipiscor LLC, North Mountain Healthcare LLC, Park Waverly Healthcare LLC, Sunland Health Associates LLC, Permunitum LLC, Vista Xxxxx Health Associates LLC, City Heights Health Associates LLC, Claremont Foothills Health Associates LLC, C Street Health Associates LLC, Xxxxxxxx Xxxxxxx Healthcare LLC, Radiant Hills Health Associates LLC, Valley Health Holdings LLC, and Gate Three Healthcare LLC, and is also the sole shareholder of Atlantic Memorial Healthcare Associates, Inc., Xxxx Xxxx Healthcare Associates, Inc., Ensign Facility Services, Inc., Salado Creek Senior Care, Inc., Wellington Healthcare Inc., McAllen Community Healthcare, Inc. and Northern Oaks Healthcare, Inc all of which are currently active and doing business. Original Borrower is also the sole Member of Ensign Bellflower LLC, Ensign Napa LLC, Mountainview Communitycare LLC, Walnut Grove Campuscare LLC, Xxxxx Healthcare Associates, Inc., East Escondido Health Associates LLC, Meadowbrook Health Associates LLC, Long Beach Senior MultiCare LLC, Long Beach Health Associates LLC and Cedar Avenue Holdings LLC, all entities formed by Original Borrower to facilitate concluded, failed, pending or future transactions. |
||
4.5 |
Pending or Threatened Litigation: |
There is currently no pending or threatened litigation which the Borrower believes would materially threaten Borrower's viability or ability to repay the Obligations; further, all claims pending or threatened against the Borrower are either covered by insurance or, to the extent they are not, Borrower believes it has accrued adequate reserves in connection therewith. |
||
14
4.8 |
Defaults: |
Relating to the representations in Section 4.8 of the Loan Agreement, and without admitting any default, reference is made to Schedule 4.5 above. |
||
4.13 |
Non-compliance With Law: |
To the best of the actual knowledge of the officers of Borrower, there does not currently exist any material non-compliance with applicable laws. |
||
4.14 |
Environmental Matters: |
To the best of the actual knowledge of the officers of original Borrower, there are no material adverse environmental matters associated with any of the Texas, Arizona, California or Washington properties. |
||
4.15 |
Places of Business with patient census: |
See consolidated Schedule 4.15(a)/4.16 and Schedule 4.15(b) at the end of this Exhibit A. |
||
4.16 |
Licenses: |
The entity which currently holds or possesses the right to use the operating license for each of the facilities is as shown in consolidated Schedule 4.15(a)/4.16. |
||
4.17 |
Stock Ownership: |
See separate schedule at the end of this Exhibit A. |
||
4.19 |
Borrowings: |
Other than normal trade creditors, some or all of the entities comprising the Borrower are currently indebted to the following creditors in the following manners and amounts: |
||
a. General Electric Capital Corporation; $20,000,000 Revolving Credit Facility for working capital. |
||||
b. General Electric Capital Corporation; $12,400,000 Arizona Term Loan secured by Deeds of Trust encumbering (i) Ensign Highland LLC's Highland Manor facility in Phoenix, Arizona, (ii) Sky Holdings AZ LLC's Desert Sky Health Center & Assisted living in Glendale, Arizona, and (iii) Terrace Holdings AZ LLC's Desert Terrace Nursing & Rehabilitation Center in Phoenix, Arizona. (to be increased to $18,400,000 concurrently with the execution and delivery of the within Amendment to the Original Loan Agreement). |
||||
c. Continental Xxxxxxx Associates, Inc.; $7,455,100 HUD-insured Loan secured by a Deed of Trust and Assignment of Rents on Ensign Southland LLC's Southland Care Center & Home facility, Norwalk, California. |
||||
x. Xxxxxxxx Health, Inc.; $252,413.44 Carryback Promissory Note secured by Leasehold Deed of Trust and Security Agreement and Financing Statement on Summerfield Convalescent Hospital Lease. |
||||
f. Reliastar Life Insurance Company, as successor by merger to Northern Life Insurance Company; $2,051,824.69 secured loan balance upon assumption of Deed of Trust and Security Agreement encumbering Rillito Holdings LLC's Catalina Care Center in Tucson, Arizona. |
||||
g. Xxxxx Xxxxxxx as Successor Trustee of the Xxxx Xxxx Xxxxxxx Living Trust darted July 26, 1993; $331,061.76 Carryback Promissory Note secured by second-position Deed of Trust on Rillito Holdings LLC's Catalina Care Center in Tucson, Arizona. |
||||
15
4.20 |
Labor Disputes: |
A union organizing election was held at Sonoma Healthcare Center in May, 2002 at which a majority of the approximately 60 employees classified as Housekeeping, Laundry and CNAs voted to have union representation from SEIU Local 250. On August 30, 2004, the National Labor Relations Board certified the union. The union has requested bargaining, but bargaining has not yet begun. Due to irregularities in the voting procedures during the election, the certification may be further appealable. In the meantime, the SEIU has published statements critical of Sonoma Healthcare Center, The Ensign Group and other Ensign affiliates, and has filed two B&P §17200 suits against the facility, and has filed various unfair labor practice charges, all in an effort to coerce the facility into waiving its appeal rights. One § 17200 suit was settled for a nominal amount, and all ULP charges except one that the facility settled by merely posting a notice were either dropped by the union at the NLRB's behest or resulted in findings in the facility's favor. Operations at the facility and throughout the company have not been materially disrupted by union issues at any time since the original organizing election. |
||
4.22 |
Joint Ventures: |
None |
||
7.12 |
Transactions with Affiliates: |
Lease between Ensign Highland LLC as Landlord and Highland Healthcare LLC as Tenant for Highland Manor; formation and capitalization of Ensign Southland LLC, and the conveyance of Southland Care Center and Home thereto in connection with the HUD-insured refinancing of that facility; Lease between Ensign Southland LLC as Landlord and Southland Management LLC as Tenant for Southland Care Center & Home; Lease between Terrace Holdings AZ LLC as Landlord and 00xx Xxxxxx Healthcare Associates LLC as Tenant for Desert Terrace Nursing and Rehabilitation Center; Lease between Sky Holdings AZ LLC as Landlord and Glendale Healthcare Associates LLC as Tenant for Desert Sky Health Center & Assisted Living; Lease between Rillito Holdings LLC as Landlord and Presidio Health Associates LLC as Tenant for Catalina Care Center; Sublease between Moenium Holdings LLC as Sublandlord and Xxxx Villa Care Associates LLC as Subtenant for Xxxx Xxxxx Healthcare Center; Sublease between Moenium Holdings LLC as Sublandlord and Xxxxxx Community Care LLC as Subtenant for Brookfield Healthcare Center; Sublease between Adipiscor LLC as Sublandlord and North Mountain Healthcare LLC as Subtenant for Coronado Care Center; Sublease between Adipiscor LLC as Sublandlord and Park Waverly Healthcare LLC as Subtenant for Waverly Park Healthcare Center; Sublease between Adipiscor LLC as Sublandlord and Sunland Health Associates LLC as Subtenant for East Mesa Care Center; Sublease between Permunitum LLC as Sublandlord and Vista Xxxxx Health Associates LLC as Subtenant for Vista Xxxxx Specialized Care Center; Sublease between Permunitum LLC as Sublandlord and City Heights Health Associates LLC as Subtenant for Xxxxxx Vista Healthcare Center; Sublease between Permunitum LLC as Sublandlord and Claremont Foothills Health Associates LLC as Subtenant for Claremont Care Center; Lease between Valley Health Holdings LLC as Landlord and Radiant Hills Health Associates LLC as Tenant for North Mountain Medical and Rehabilitation Center. |
||
---Schedules 4.15(a)/4.16, 4.15(b) and 4.17 follow--- |
16
Second Amendment & Restatement to Loan and Security Agreement (No. 14)
Consolidated Schedule 4.15(a)/4.16
Places of Business with Trade Names, Licensee and Record Owner Data
(as of November 1, 2004)
(See separate Schedule 4.15(b) for Census Data)
| The Ensign Group, Inc. Ensign Facility Services, Inc. 27101 Puerta Real, Xxxxx 000 Xxxxxxx Xxxxx, XX 00000 Record Owner: Mission Ridge Associates, L.L.C. |
Royal Court Healthcare (fka Xxxxxxxx Health Whittier West) 00000 X. Xxxxxxxxxx Xxxx. Xxxxxxxx, XX 00000 Licensee: Ensign Whittier West LLC Record Owner: Whittier West, L.L.C. |
|
Southland Care Center and Home 00000 Xxxxxxxxxx Xxxx Xxxxxxx, XX 00000 Licensee: Southland Management LLC Record Owner: Ensign Southland LLC |
Whittier Hills Healthcare Center (fka Xxxxxxxx Health Whittier East) 00000 Xxxxxxxx Xxxxxx Xxxxxxxx XX, 00000 Licensee: Ensign Whittier East LLC Record Owner: Whittier East, L.L.C. |
|
The Village Care Center 000 Xxxxx Xxxx Xxxx XxXxxxx, XX 00000 Licensee: McAllen Community Healthcare, Inc. Record Owner: Xxxxx X. Xxxxxx |
Summerfield Healthcare Center 0000 Xxxxxxxxxxx Xxxx Xxxxx Xxxx, XX 00000 Licensee: Ensign Santa Xxxx LLC Record Owner: Summerfield Development Co. |
|
Wellington Place Healthcare Center (fka Camlu Care Center Temple) 0000 Xxxxx 00xx Xxxxxx Xxxxxx, XX 00000 Licensee: Wellington Healthcare, Inc. Record Owner: Xxxxx X. Xxxxxx |
Salado Creek Living & Rehab Center (fka Camlu Care Center San Antonio) 000 Xxxxxxx Xxx Xxxxxxx, XX 00000 Licensee: Salado Creek Senior Care, Inc. Record Owner: Xxxxx X. Xxxxxx |
|
Panorama Gardens 0000 Xxx Xxxx Xxxxxxxxx Xxxxxxxx Xxxx, XX 00000 Licensee: Ensign Panorama LLC Record Owner: Vannovi Properties, LLC |
Xxxxxx Canyon Rehab & Care Center 0000 X. Xxxx Xxxxxx Xxxxxx, XX 00000 Licensee: Xxxxxx Xxxxxx LLC Record Owner: Tucson-Cal Associates, LLC |
|
Northern Oaks Nursing and Rehab Center 0000 Xxx Xxxxx Xxxx Xxxxxxx, XX 00000 Licensee: Northern Oaks Healthcare, Inc. Record Owner: Xxxxx X. Xxxxxx |
Arbor Xxxx Care & Living Center (fka Glendora Care & Living Center) 0000 Xxxx Xxxxx Xxxxxxx Xxxxxxxx, XX 00000 Licensee: Ensign San Dimas LLC Record Owner: Health Care Investors III |
|
Park Manor Convalescent Center 0000 Xxxxx Xxx Xxxxx Xxxxx, Xxxxxxxxxx 00000 Licensee: Manor Park Healthcare LLC Record Owner: Health Care Property Investors, Inc. |
Park View Gardens at Xxxxxxxxxx 0000 Xxxxxxxxxx Xxxxx Xxxxx Xxxx, XX 00000 Licensee: Ensign Xxxxxxxxxx LLC Record Owner: Health Care REIT, Inc. |
|
17
Highland Manor Health & Rehab Center 0000 X. 00xx Xxxxxx Xxxxxxx, Xxxxxxx 00000 Licensee: Highland Healthcare LLC Record Owner: Ensign Highland LLC |
Premier Care & Rehabilitation Center 0000 Xxxx Xxxxx Xxxx Xxxx Xxxxxxx, XX 00000 Licensee: Ensign Palm I LLC Record Owner: Coachella House, Inc. |
|
Northbrook Healthcare Center (fka Willits Healthcare Center) 00 Xxxxxxxxxx Xxx Xxxxxxx, XX 00000 Licensee: Ensign Willits LLC Record Owner: Xxxxx X. Xxxxxx |
Cloverdale Healthcare Center 000 Xxxxxx Xxxxx Xxxx Xxxxxxxxxx, XX 00000 Licensee: Ensign Cloverdale LLC Record Owner: Xxxxx X. Xxxxxx |
|
Sonoma Healthcare Center 0000 Xxxxxxxx Xxxxxx, XX 00000 Licensee: Ensign Sonoma LLC Record Owner: Xxxxx X. Xxxxxx |
Ukiah Convalescent Hospital 0000 Xxxxx Xxxx Xxxxx, XX 00000 Licensee: Xxxxxxxx Health, Inc.; Ensign Pleasanton LLC (pending) Record Owner: Ukiah SNF, LLC |
|
Desert Sky Health & Assisted Living Center 0000 X. 00xx Xxxxxx Xxxxxxxx, XX 00000 Licensee: Glendale Healthcare Associates LLC Record Owner: Sky Holdings AZ LLC |
Desert Terrace Nursing and Rehabilitation Center 0000 X. 00xx Xxxxxx Xxxxxxx, XX 00000 Licensee: 00xx Xxxxxx Healthcare Associates LLC Record Owner: Terrace Holdings AZ LLC |
|
Atlantic Memorial Healthcare Center (fka Akin's Post Acute Rehab Hospital) 0000 Xxxxxxxx Xxxxxx Xxxx Xxxxx, XX 00000 Lic'e: Atlantic Memorial Healthcare Associates, Inc. Record Owner: RMA Land, LLC |
Shoreline Healthcare Center (fka Eastwood Convalescent Hospital) 0000 Xxxx Xxxxxxx Xxxxxx Xxxx Xxxxx, XX 00000 Licensee: Xxxx Xxxx Healthcare Associates, Inc. Record Owner: Akin Investments, Inc. |
|
Catalina Care Center 0000 Xxxxx Xxxxxx Xxx. Xxxxxx, XX 00000 Licensee: Presidio Health Associates LLC Record Owner: Presidio Health Associates LLC |
Lemon Grove Care & Rehab Center 0000 Xxxxxxxx Xxxxx Xxxxx, XX 00000 Licensee: Lemon Grove Health Associates LLC Record Owner: MCS PGCH LLC et xx |
|
Xxxx Villa Healthcare Center 0000 Xxxx Xxxxxx Xxxxxxxxxx, XX 00000 Licensee: Xxxx Villa Care Associates LLC Record Owner: Healthcare Investors, III |
Brookfield Care & Rehab Center 0000 Xxxxxxxxx Xx. Xxxxxx, XX 00000 Licensee: Downey Community Care LLC Record Owner: Healthcare Investors, III |
|
Victoria Healthcare Center 000 Xxxxxxxx Xxxxxx Xxxxx Xxxx, XX 00000 Licensee: Xxxxx Xxxxxxxx Healthcare LLC Record Owner: Xxxxxx Xxxxx, et al |
Palomar Vista Healthcare Center 000 Xxxxx Xxx Xxxxxx Xxxxxxxxx, XX 00000 Licensee: West Escondido Healthcare LLC Record Owner: Xxxxx X. Xxxxxxx |
|
Brookside Healthcare Center 000 Xxxxxxxxx Xxxx. Xxxxxxxx, XX 00000 Licensee: Redbrook Healthcare Associates LLC Record Owner: Xxxxx X. Xxxxxx |
Sea Cliff Healthcare Center 00000 Xxxxxxx Xxxxxx Xxxxxxxxxx Xxxxx, XX 00000 Licensee: HB Healthcare Associates LLC Record Owner: Huntington Beach Convalescent Hospital Asset Corporation |
|
18
Coronado Care Center 00000 X. 00xx Xxxxxx Xxxxxxx, XX 00000 Licensee: North Mountain Healthcare LLC Record Owner: Coronado Corporation |
East Mesa Care Center 00 Xxxxx 00xx Xxxxxx Xxxx, Xxxxxxx 00000 Licensee: Sunland Health Associates LLC Record Owner: LTC Partners VI, L.P. |
|
Waverly Park Healthcare Center 0000 X. Xxxx Xxxxxx Xxxxxx, XX 00000 Licensee: Park Waverly Healthcare LLC Record Owner: Park Villa Corporation |
Vista Xxxxx Specialized Care Center 0000 Xxxxxxxx Xxxx Xxxxx, XX 00000 Licensee: Vista Xxxxx Health Associates LLC Record Owner: OHI Asset (CA), LLC |
|
Xxxxxx Vista Healthcare Center 0000 00xx Xxxxxx Xxx Xxxxx, XX 00000 Licensee: City Heights Health Associates LLC Record Owner: OHI Asset (CA), LLC |
Claremont Care Center 000 Xxxx Xxxxxxxx Xxxxxxxxx Xxxxxx, XX 00000 Lic'ee: Claremont Foothills Health Associates LLC Record Owner: OHI Asset (CA), LLC |
|
Glenwood Care Center 0000 Xxxxx X Xxxxxx Xxxxxx, XX 00000 Licensee: C Street Health Associates LLC Record Owner: Oxnard Investments, L.P. |
Victoria Care Center 0000 Xxxxxxxxxx Xxxxxx Xxxxxxx, XX 00000 Licensee: Xxxxxxxx Xxxxxxx Healthcare LLC Record Owner: SHP Lexington, LLC |
|
North Mountain Medical & Rehabilitation Center 0000 Xxxxx 0xx Xxxxxx Xxxxxxx, XX 00000 Licensee: Radiant Hills Health Associates LLC Record Owner: Valley Health Holdings LLC |
Palm Terrace Rehab & Healthcare Center 00000 Xxxxx Xxxxxx Xxxxxx Xxxxx, XX 00000 Licensee: Gate Three Healthcare LLC Record Owner: Laguna Hills Assisted I L.P. |
19
Schedule 4.15(b)
Census Data as of
1-Nov-04
| Facilities - Total Census |
Capacity |
11/1/2004 |
|||
|---|---|---|---|---|---|
| Northern Oaks (NO) | 96 | 86 | |||
| San Antonio (CS) | 120 | 68 | |||
| Temple (CT) | 140 | 78 | |||
| The Village (VC) | 114 | 78 | |||
| Texas(TX) | 470 | 310 | |||
Tucson |
|||||
| Catalina (CC) | 102 | 89 | |||
| Xxxxxx Canyon (SB) | 112 | 86 | |||
| Waverly Park (WP) | 200 | 120 | |||
| 414 | 295 | ||||
Phoenix |
|||||
| Coronado (CR) | 191 | 152 | |||
| Desert Sky (DS) | 186 | 149 | |||
| Desert Sky Assisted (DA) | 140 | 00 | |||
| Xxxxxx Xxxxxxx (XX) | 000 | 00 | |||
| Xxxx Xxxx (EM) | 222 | 000 | |||
| Xxxxx Xxxxx (XX) | 000 | 000 | |||
| Xxxxxxxxxxx (GF) | 141 | 99 | |||
| Highland Manor (HM) | 107 | 88 | |||
| North Mountain (NM) | 155 | 146 | |||
| Arizona (AZ) | 1,417 | 1,088 | |||
Northern California |
|||||
| Cloverdale (CH) | 72 | 62 | |||
| Park Manor (PM) | 79 | 66 | |||
| Park View (MT) | 122 | 106 | |||
| Sonoma (SO) | 144 | 106 | |||
| Summerfield (SM) | 70 | 64 | |||
| Ukiah (UK) | 57 | 51 | |||
| Willits Care (WC) | 70 | 40 | |||
| N. California/Wash (C2) | 614 | 495 | |||
West 1 |
|||||
| Atlantic Memorial (AM) | 109 | 85 | |||
| Bellflower (RV) | 53 | 49 | |||
| Downey (BF) | 70 | 62 | |||
| Royal Court (RC) | 162 | 161 | |||
| Sea Cliff (SE) | 123 | 179 | |||
| Sea Xxxxx XXX (SA) | 143 | 60 | |||
| Shoreline (SL) | 75 | 69 | |||
| Southland Care (SC) | 120 | 116 | |||
| Southland Home (SH) | 00 | 00 | |||
| Xxxxxxxx Xxxxx (XX) | 158 | 152 | |||
| West 1 Total Census | 1,078 | 992 |
20
West 2 |
|||||
| Brookside (BS) | 97 | 88 | |||
| Claremont Care (CL) | 99 | 97 | |||
| Glendora (GL) | 98 | 86 | |||
| Glenwood (GW) | 99 | 00 | |||
| Xxxxxxxx Xxxxxxx (PG) | 151 | 147 | |||
| Premier Care (PC) | 99 | 94 | |||
| Ventura (VI) | 188 | 176 | |||
| West 2 Total Census | 831 | 000 | |||
Xxxx 0 |
|||||
| Xxxxxx Xxxxx (AV) | 53 | 49 | |||
| Lemon Grove (LG) | 158 | 155 | |||
| Palomar (PV) | 74 | 70 | |||
| Victoria (VH) | 79 | 75 | |||
| Vista Xxxxx (VK) | 119 | 108 | |||
| West 3 Total Census | 483 | 457 | |||
Total |
5,307 |
4,421 |
|||
| Census Change (Prior Monday) | (4 | ) | |||
| Census:Less Current Mnth Aqc. | 4,570 | ||||
| Census Var: Less Curr Mo Acq | (6 | ) | |||
| Census Same Store (2/29/2004) | 4,187 | ||||
| Census Var: Same Store (2/29/04) | (6 | ) |
21
Share Ownership 2004-11-10
| |
Shareholder (share amts reflect 4/04 split) |
01 Sh |
SOP Sh |
Qty# |
% |
||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Xxxxxxx X. Xxxxxx | 600,000 | 600,000 | 7.16 | % | ||||||
| 2 | V. Xxx Xxxxx | 300,000 | 60,000 | 360,000 | 4.29 | % | |||||
| 3 | Xxxxxxx X. Xxxxxxx | 600,000 | 600,000 | 7.16 | % | ||||||
| 4 | Xxxxx Xxxxxx | 20,000 | 20,000 | 0.24 | % | ||||||
| 5 | Xxxxx Xxxxx | 20,000 | 20,000 | 0.24 | % | ||||||
| 6 | Xxxxxx X. Xxxxxx | 20,000 | 20,000 | 0.24 | % | ||||||
| 7 | Xxxxxx Xxxxx | 40,000 | 40,000 | 0.48 | % | ||||||
| 8 | Xxx X. Xxxxxxx | 20,000 | 20,000 | 0.24 | % | ||||||
| 9 | Xxxx Xxxxxxxx | 120,000 | 120,000 | 1.43 | % | ||||||
| 10 | Xxxx X. Xxxxxx | 85,000 | 52,000 | 137,000 | 1.63 | % | |||||
| 11 | Xxxxx X. Xxxxxxxxxxx | 80,000 | 60,000 | 0.95 | % | ||||||
| 12 | Xxxxx Xxxxxxxx | 50,000 | 50,000 | 0.60 | % | ||||||
| 13 | Xxxxxx X. Xxxxxxx | 50,000 | 50,000 | 0.60 | % | ||||||
| 14 | B. Xxxxx Xxxxxxxx | 30,000 | 30,000 | 0.36 | % | ||||||
| 15 | Xxxxxx X. Xxxxxx | 50,000 | 10,000 | 60,000 | 0.72 | % | |||||
| 00 | Xxxxxx Xxxxxx | 25,000 | 26,200 | 51,200 | 0.61 | % | |||||
| 17 | Xxxxxx Xxxxxx | 2,000 | 2,000 | 0.02 | % | ||||||
| 18 | Xxxxx Xxxxxxx | 2,000 | 5,000 | 7,000 | 0.08 | % | |||||
| 19 | Xxxxxxx X. Xxxxxxxxxxx | 20,000 | 8,000 | 28,000 | 0.33 | % | |||||
| 20 | Christie Xxx Xxxxxxxx | 17,000 | 17,000 | 0.20 | % | ||||||
| 21 | Xxxxxxx X. Xxxxxxx & Xxxxxxx X. Xxxxxxx, JTWROS | 6,000 | 6,000 | 0.07 | % | ||||||
| 22 | Xxxxx Xxx Xxxxxxx & Xxxxx Xxxxxxxxx, JTWROS | 6,000 | 6,000 | 0.07 | % | ||||||
| 00 | Xxxxxxx Xxxxxxxxxx Xxxxxxx & Xxxxxxxxxx Xxxxxx XX; | 6,000 | 6,000 | 0.07 | % | ||||||
| 24 | Xxxxxxx Xxxxxxx | 6,000 | 6,000 | 0.07 | % | ||||||
| 25 | T. Xxxxx Xxxxxxxx, III Trustee, The T. Brook Tow | 24,000 | 24,000 | 0.29 | % | ||||||
| 26 | Xxxxxxx Xxxxxxxxxx Xxxxxxx and Xxxx Xxxxxxx Xxxxxxx | 131,000 | 10,000 | 141,000 | 1.68 | % | |||||
| 27 | Xxxxxx X. Xxx | 20,000 | 20,000 | 0.24 | % | ||||||
| 28 | Xxxxxxxxxx Xxxxxx | 2,000 | 2,000 | 0.02 | % | ||||||
| 29 | Xxxxxx Xxxxxxx | 2,000 | 2,000 | 0.02 | % | ||||||
| 30 | Xxxxx Xxxxxxxx | 8,000 | 8,000 | 0.10 | % | ||||||
| 31 | Xxxxxxx Xxxxxxxx | 2,000 | 2,000 | 0.02 | % | ||||||
| 32 | Xxx Xxxxxx | 10,000 | 10,000 | 0.12 | % | ||||||
| 33 | Xxxxx Xxxxxxx | 2,000 | 2,000 | 0.02 | % | ||||||
| 00 | Xxx X. Xxxxxxx | 000 | 000 | 0.01 | % | ||||||
| 35 | Xxxx Xxxxxxxxx | 9,000 | 9,000 | 0.11 | % | ||||||
| 36 | Xxxxxxxxx X. Xxxxx | 8,000 | 8,000 | 0.10 | % | ||||||
| 37 | Xxxxxxx X. Xxxxxx | 2,000 | 2,000 | 0.02 | % | ||||||
| 38 | Xxxxx Xxxxxxxx | 13,000 | 13,000 | 0.16 | % | ||||||
| 39 | Xxxxxxx Xxxxx | 4,000 | 4,000 | 0.05 | % | ||||||
| 40 | Xxx X. Xxxxxxxxxxx and Xxxxx X. Xxxxxxxxxxx as C | 1,980,000 | 1,980,000 | 23.62 | % | ||||||
| 41 | Xxxxxxx Xxx Xxxxxxxxxxx | 20,000 | 20,000 | 0.24 | % | ||||||
| 42 | Xxxxxxxxxxx X. Xxxxxxxxxxx | 1,980,000 | 1,980,000 | 23.62 | % | ||||||
| 43 | J. Xxxxxxx Xxxxxxx and E. Xxxxxx Xxxxxxx as Co-Ti | 300,000 | 300,000 | 3.58 | % | ||||||
| 44 | Xxxxxx Xxxxxx | 9,000 | 9,000 | 0.11 | |||||||
| 45 | Xxxxx Xxxxx-Xxxxx | 60,000 | 60,000 | 0.72 | % | ||||||
22
| 46 | S. Xxxxxxx Xxxxx | 8,000 | 8,000 | 0.10 | % | ||||||
| 47 | Xxxxxxx Xxxxxxx | 10,000 | 10,000 | 0.12 | % | ||||||
| 48 | Xxxxxx Xxxx Xxxxxx | 2,000 | 2,000 | 0.02 | % | ||||||
| 49 | Xxxxx Xxxxxxxx | 8,000 | 8,000 | 0.10 | % | ||||||
| 50 | Xxxxxxxxxx X. Xxxxxxxxx | 10,000 | 10,000 | 0.12 | % | ||||||
| 51 | Xxxxxxx X. Xxxxxx | 8,000 | 8,000 | 0.10 | % | ||||||
| 52 | Xxxxx X. Xxxxx | 1,000 | 1,000 | 0.01 | % | ||||||
| 53 | Xxxxxxx X. Xxxxxxxx, Trustee, The Xxxxxxx X. Xxx | 4,000 | 4.000 | 0.05 | % | ||||||
| 54 | Xxxxxxx X. Xxxxxxxxxxx, Trustee, The Xxxxxxx X. Butt | 4,000 | 4,000 | 0.05 | % | ||||||
| 55 | Xxxxxxx X. Xxxxxxxx | 4,000 | 4,000 | 0.05 | % | ||||||
| 56 | Xxxxxxx X. XxXxx | 4,000 | 4,000 | 0.05 | % | ||||||
| 00 | Xxxxxxx X. Xxxxx and Xxxxx Xxxxxxxx Xxxxx, Trust | 2,000 | 2,000 | 0.02 | % | ||||||
| 58 | Xxxxx X. Xxxxxxxxxxx and Xxxxxx X. Xxxxxxxxxxx, XX | 2,000 | 2,000 | 0.02 | % | ||||||
| 00 | Xxxxxx Xxxxxxx, Xxxxxxx, Xxx Xxxxxx Xxxxxxx Rev | 1,000 | 1,000 | 0.01 | % | ||||||
| 60 | Xxxx Xxxxxx | 4,000 | 4,000 | 0.05 | % | ||||||
| 61 | Xxxxxxx X. Xxxxxxxx | 4,000 | 4,000 | 0.05 | % | ||||||
| 62 | Xxxxxx X. Xxxxxxx | 1,000 | 1,000 | 0.01 | % | ||||||
| 63 | Xxxx X. Xxxxxxx | 2,000 | 2,000 | 0.02 | % | ||||||
| 64 | Xxxxxx X. Xxxxxx | 1,000 | 1,000 | 0.01 | % | ||||||
| 0.00 | % | ||||||||||
| Common Shares Outstanding | 6,593,000 | 399,000 | 7,013,000 | ||||||||
PREFERRED SERIES A SHARES |
|||||||||||
| 1 | Ensign Group Investments, LLC | 1,370,590 | 16.35 | % | |||||||
| Preferred Shares Outstanding | 1,370,590 | ||||||||||
10-Nov TOTAL COMMON & PREFERRED OUTSTANDING |
8,383,590 |
||||||||||
| Issued & Unexercised Options | 231,100 | ||||||||||
| Total | 8,614,690 | ||||||||||
10-Nov 2001 STOCK OPTION PLAN |
|||||||||||
| Options Authorized by Plan | 990,000 | 15% of issued as | |||||||||
| Options/Shares Issued | (708,500 | ) | |||||||||
| Options Lapsed | 78,400 | ||||||||||
| Available for issuance | 359,900 | ||||||||||
Outstanding Options |
630,100 |
||||||||||
| Options Exercised | 399,000 | ||||||||||
| Options issued/unexercised | 231,100 | ||||||||||
23
RECITALS
LIST OF SCHEDULES
SCHEDULES TO AMENDMENT NO. 1 TO AMENDED & RESTATED LOAN AGREEMENT (No. 14)
Second Amendment & Restatement to Loan and Security Agreement (No. 14) Consolidated Schedule 4.15(a)/4.16
Places of Business with Trade Names, Licensee and Record Owner Data (as of November 1, 2004) (See separate Schedule 4.15(b) for Census Data)
