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EXHIBIT 10.16
FORM OF GUARANTY
TO:
1. GUARANTY OF PAYMENT AND PERFORMANCE OF OBLIGATIONS. For value
received and hereby acknowledged and as an inducement to (hereinafter referred
to as the "Lessor") to: (a) enter into that certain lease transaction with
____________, (hereinafter referred to as the "Lessee"), relating to the
personal care home to be known as "_________________________", located in
_____________________________ (hereinafter referred to as the "Facility"),
pursuant to the Facility Lease Agreement of even date herewith by and between
the Lessor and the Lessee (hereinafter referred to as the "Lease"), and (b)
enter into or accept the other Lease Documents (as defined in the Lease) and
make future loans, advances and extensions of credit to, for the account of or
on behalf of the Lessee, the undersigned, BALANCED CARE CORPORATION, a Delaware
corporation, having its principal place of business at 0000 Xxxxxx Xxxxx, Xxxxx
000, Xxxxxxxxxxxxx, Xxxxxxxxxxxx 00000 (the "Guarantor"), being the sole
shareholder of the Lessee and, as such, deriving a substantial benefit from the
consummation of the transaction evidenced by the Lease Documents, hereby
unconditionally guarantees to the Lessor the full payment and performance of the
Lease Obligations (as defined in the Lease).
This Guaranty is an absolute, unconditional and continuing guaranty of
the full and punctual payment and performance of the Lease Obligations and not
merely of their collectibility and is in no way conditioned upon any
requirement that the Lessor first collect or attempt to collect the Lease
Obligations or any portion thereof from the Lessee or from any endorser, surety
or other guarantor of any of the same or resort to any security or other means
of obtaining payment of any of the Lease Obligations that the Lessor now has or
may acquire after the date hereof, or upon any other contingency whatsoever.
Upon any Lease Default (as defined in the Lease), the Lease Obligations and all
liabilities and obligations of the Guarantor to the Lessor, hereunder or
otherwise, shall, at the option of the Lessor, become immediately due and
payable to the Lessor without further demand or notice of any nature, all of
which are expressly waived by the Guarantor. Payments by the Guarantor
hereunder may be required by the Lessor on any number of occasions. This
Guaranty shall continue in full force and effect until the complete payment and
performance of all of the Lease Obligations.
All payments hereunder received by the Lessor shall be applied by the
Lessor, without any marshalling of assets, towards the payment and/or
performance of the Lease Obligations and any other indebtedness of the
Guarantor hereunder in such order as the Lessor, in its sole and absolute
discretion, may determine.
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2. DEFINED TERMS. Capitalized terms used herein and not otherwise
specifically defined herein shall have the same meanings ascribed to such terms
in the Lease.
3. THE GUARANTOR'S FURTHER AGREEMENTS TO PAY. The Guarantor further
agrees, as the principal obligor and not as a guarantor, to pay to the Lessor
forthwith upon demand, in funds immediately available to the Lessor, all costs
and expenses, including without limitation, court costs and attorneys' fees and
expenses and court costs, reasonably incurred or expended by the Lessor in
connection with the collection or enforcement of the Lease Obligations and the
enforcement of all of the other obligations hereunder. Any amounts owed to the
Lessor under this Section 3 shall be a demand obligation and, if not paid
within ten (10) days after demand, shall thereafter, to the extent then
permitted by law, bear interest at the Overdue Rate until the date of payment.
The provisions of this Section 3 shall survive the expiration or earlier
termination of the Lease.
4. LIABILITY OF THE GUARANTOR. This Guaranty is unlimited and the
Guarantor shall be jointly and severally liable with every endorser, surety or
other guarantor of any or all of the Lease Obligations and the continuation of
this Guaranty shall not be affected by the termination, discontinuance, release
or modification of any agreement from (a) any such endorser, surety or
guarantor and/or (b) any other endorser, surety or guarantor of any of the
other Obligations. Nothing contained herein or otherwise shall require the
Lessor to make demand upon or join the Lessee or any such endorser, surety or
guarantor or other party in any suit brought upon this Guaranty; and the
Guarantor hereby waives any right to require marshalling or exhaustion of any
remedy against any collateral, other property, or any other Person primarily or
secondarily liable.
5. THE LESSOR'S FREEDOM TO DEAL WITH THE LESSEE AND OTHER PARTIES. The
Lessor shall be at liberty, without giving notice to or obtaining the assent of
the Guarantor and without relieving the Guarantor of any liability hereunder,
to deal with the Lessee and with each other Person who now is or after the date
hereof becomes liable in any manner for any of the Obligations in such manner
as the Lessor, in its sole and absolute discretion, deems fit. The Lessor and
the other Meditrust Entities have full authority (in their sole and absolute
discretion) to do any or all of the following things, none of which shall
discharge or affect the Guarantor's liability hereunder:
(a) extend credit, make loans and afford other financial
accommodations to the Lessee and/or any of the Related Parties at such times,
in such amounts and on such terms as the Lessor may approve;
(b) modify, amend, vary the terms and grant extensions or renewals of
any present or future indebtedness or of any of the Obligations or any
instrument relating to or securing the same, and, without limitation, this
Guaranty shall survive the expiration or earlier termination of the Lease;
(c) grant time, waivers and other indulgences in respect of any of the
Obligations;
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(d) vary, exchange, release or discharge, wholly or partially, or
delay or abstain from perfecting and enforcing any security or guaranty or
other means of obtaining payment of any of the Obligations which the Lessor or
any of the other Meditrust Entities now has or acquires after the date hereof;
(e) take or omit to take any of the actions referred to in any
instrument evidencing, securing or relating to any of the Obligations or any
actions under this Guaranty;
(f) fail, omit or delay to enforce, assert or exercise any right,
power or remedy conferred on the Lessor or any of the other Meditrust Entities
in this Guaranty or in any other instrument evidencing, securing or relating to
any of the Obligations or take or refrain from taking any other action;
(g) accept partial payments from the Lessee, any other member of the
Leasing Group, any of the Related Parties or any other Person;
(h) release or discharge, wholly or partially, the Lessee, any other
member of the Leasing Group, any of the Related Parties and/or any other Person
now or hereafter primarily or secondarily liable for the Obligations (or any
portion thereof) or accept additional collateral for the payment of any
Obligations;
(i) compromise or make any settlement or other arrangement with the
Lessee, any other member of the Leasing Group, any of the Related Parties or
any other Person referred to in clause (h) above; and
(j) consent to and participate in the proceeds of any assignment,
trust or mortgage for the benefit of creditors.
6. UNENFORCEABILITY OF OBLIGATIONS; INVALIDITY OF SECURITY OR OTHER
GUARANTIES. The obligations of the Guarantor hereunder shall not be affected by
any change in the beneficial ownership of the Lessee, any other member of the
Leasing Group or any of the Related Parties, by reason of any disability of the
Lessee, any other member of the Leasing Group, any Related Party or by any
other circumstance (other than the complete payment and performance of the
Lease Obligations) which might constitute a defense available to, or a
discharge of, the Lessee, any other member of the Leasing Group or any of the
Related Parties in respect of any of the Obligations. If for any reason now or
hereafter the Lessee, any other member of the Leasing Group or any of the
Related Parties has no legal existence or is under no legal obligation to
discharge any of the Obligations undertaken or purported to be undertaken by it
or on its behalf, or if any of the moneys included in the Obligations have
become irrecoverable from the Lessee, any other member of the Leasing Group or
any Related Party by operation of law or for any other reason, this Guaranty
shall nevertheless be binding on the Guarantor and the Guarantor shall remain
unconditionally liable for the complete payment and performance of the Lease
Obligations. This Guaranty shall be in addition to any other guaranty or other
security for the Obligations, and it shall
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not be prejudiced or rendered unenforceable by the invalidity of any such other
guaranty or security. This Guaranty shall continue to be effective or be
reinstated, as the case may be, if, at any time, any payment of the Obligations
is rescinded or must otherwise be returned by the Lessor or any of the other
Meditrust Entities, upon the insolvency, bankruptcy or reorganization of the
Lessee, any other member of the Leasing Group or any of the Related Parties or
otherwise, all as though such payment had not been made. The Guarantor
covenants to cause the Lessee to maintain and preserve the enforceability of
any instruments now or hereafter executed in favor of the Lessor, and to take
no action of any kind which might be the basis for a claim that the Guarantor
has any defense hereunder other than the complete payment and performance of
the Lease Obligations.
It shall not be necessary for the Lessor to inquire into the power of
the Lessee or anyone acting or purporting to act on its behalf, and any Lease
Obligation made or created in reliance upon the professed exercise of such
powers shall be guarantied hereunder. The Guarantor represents that the Lessee
is the bona fide tenant of the Leased Property and that the Lessee has not been
formed or availed of to evade or circumvent the applicable usury laws of any
state or states concerned therewith, and the Guarantor hereby indemnifies the
Lessor and agrees to save it harmless against any damages or expenses suffered
by the Lessor should this representation or any other representation contained
herein prove untrue in any material respect. The aforesaid indemnification
agreement shall include, without limitation, attorneys' fees and expenses and
court costs reasonably incurred by the Lessor in connection with the
enforcement of said indemnification.
The indemnity provisions of this Section 6 shall survive the complete
payment and performance of the Obligations and the expiration or earlier
termination of the Lease.
7. REPRESENTATIONS AND WARRANTIES OF THE GUARANTOR. In order to induce
the Lessor to enter into or accept the Lease and the other Lease Documents, the
Guarantor hereby warrants and represents to, and covenants and agrees with, the
Lessor that:
7.1. FORMATION AND AUTHORITY OF THE GUARANTOR.
(a) The Guarantor is a corporation duly organized, validly existing
and in good standing under the laws of Delaware. The Guarantor has all
requisite corporate power to own and operate its properties and to carry on its
business as now conducted and as proposed to be conducted and is duly qualified
to do business and is in good standing in each jurisdiction where such
qualification is necessary or desirable in order to carry out its business as
now conducted and as proposed to be conducted;
(b) The Guarantor is duly authorized to make and enter into this
Guaranty and all of the other Lease Documents to which the Guarantor is a party
and to carry out the transactions contemplated therein. This Guaranty and all
of the other Lease Documents to which the Guarantor is a party have each been
duly executed and delivered by the Guarantor,
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and each is a legal, valid and binding obligation of the Guarantor, enforceable
in accordance with its terms;
7.2. THE LESSEE AS SUBSIDIARY.
The Lessee is a wholly-owned Subsidiary of the Guarantor.
7.3. NO VIOLATIONS.
The execution, delivery and performance of this Guaranty and the other
Lease Documents and the consummation of the transactions thereby contemplated
shall not result in any breach of, or constitute a default under, or result in
the acceleration of, or constitute an event which, with notice or passage of
time could result in default or acceleration of any obligation of the Guarantor
or any other contract, mortgage, lien, lease, agreement, instrument, franchise,
arbitration award, judgment, decree, bank loan or credit agreement, trust
indenture or other instrument to which the Guarantor is a party or by which the
Guarantor may be bound or affected and do not violate or contravene any Legal
Requirement;
7.4. NO CONSENT OR APPROVAL.
Except as already obtained or filed, as the case may be, no consent or
approval or other authorization of, or exemption by, or declaration or filing
with, any Person and no waiver of any right by any Person is required to
authorize or permit, or is otherwise required as a condition to the Guarantor's
execution and delivery of this Guaranty or any of the other Lease Documents to
which it is a party and the performance of its obligations thereunder, or as a
condition to the validity (assuming the due authorization, execution and
delivery by the Lessor of the Lease and the other Lease Documents to which it
is a party) or enforceability of any of the same and/or the first priority of
any Liens granted thereunder;
7.4. FINANCIAL CONDITION.
(a) The Guarantor is financially solvent and there are no actions,
suits, investigations or proceedings including, without limitation, outstanding
federal or state tax liens, garnishments or insolvency and bankruptcy
proceedings, pending or, to the best of the Guarantor's knowledge and belief,
threatened:
i. against or affecting the Guarantor which, if adversely resolved
against the Guarantor would materially adversely affect the ability of
the Guarantor to perform its obligations under this Guaranty or any of
the Lease Documents to which it is a party;
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ii. against or affecting the Leased Property or the ownership,
construction, development, maintenance, management, repair, use,
occupancy, possession or operation thereof; or
iii. which may involve or affect the validity, priority or
enforceability of this Guaranty, the Lease or any of the other Lease
Documents, at law or in equity, or before or by any arbitrator or
Governmental Authority;
(b) After giving effect to the consummation of the transaction
contemplated by the Lease and the other Lease Documents, the Guarantor:
i. will be able to pay its debts as they become due;
ii. will have sufficient funds and capital to carry on its
business as now conducted or as contemplated to be conducted (in
accordance with the terms of the Lease Documents);
iii. will own property having a value both at fair valuation and
at present fair saleable value greater than the amount required to pay
its debts as they become due; and
iv. will not be rendered insolvent as determined by applicable
law;
(c) The Guarantor is not a party to any agreement, the terms of which
now have or, based upon current circumstances, as far as can be reasonably
foreseen, may have a material adverse effect on its financial condition or
business or on the operation of the Facility;
(d) The Guarantor is not delinquent or claimed to be delinquent under
any material obligation for the payment of borrowed money;
7.5. COMMERCIAL ACTS.
The Guarantor's performance of and compliance with the obligations and
conditions set forth herein and the other Lease Documents to which it is a
party will constitute commercial acts done and performed for commercial
purposes;
7.6. FILING OF TAX RETURNS.
The Guarantor has filed all federal, state and local tax returns which
are required to be filed as to which extensions are not currently in effect and
has paid all taxes, assessments, impositions, fees and other governmental
charges (including interest and penalties) which have become due pursuant to
such returns or pursuant to any assessment or notice of tax claim or deficiency
received by the Guarantor. No tax liability has been asserted by the
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Internal Revenue Service against the Guarantor or any other federal, state or
local taxing authority for taxes, assessments, impositions, fees or other
governmental charges (including interest or penalties thereon) in excess of
those already paid; and
7.7. ACCURACY OF FINANCIAL STATEMENTS AND OTHER INFORMATION.
The financial statements of the Guarantor given to the Lessor in
connection with the consummation of the transaction contemplated by the Lease
Documents were true, complete and accurate and fairly presented the financial
condition of the Guarantor as of the date thereof and for the periods covered
thereby, having been prepared in accordance with GAAP and such financial
statements disclosed all material liabilities, including, without limitation,
contingent liabilities, of the Guarantor. There has been no material adverse
change since such date with respect to the Tangible Net Worth or liquidity of
the Guarantor or with respect to any other matters referred to or contained
therein and no additional material liabilities, including, without limitation,
contingent liabilities of the Guarantor have arisen or been incurred since such
date. The projections heretofore delivered to the Lessor continue to be
reasonable (with respect to the material assumptions upon which such
projections are based) and the Guarantor reasonably anticipates the results
projected therein will be achieved, there having been (a) no material adverse
change in the business, assets or condition, financial or otherwise of the
Guarantor or (b) no material depletion of the Guarantor's cash or decrease in
working capital.
8. CONTINUING REPRESENTATIONS AND WARRANTIES: All representations and
warranties contained in this Guaranty shall constitute continuing
representations and warranties which shall remain true, correct and complete as
long as this Guaranty is in force and effect. Notwithstanding the provisions of
the foregoing sentence but without derogation from any other terms and
provisions of this Guaranty, including, without limitation, those terms and
provisions containing covenants to be performed or conditions to be satisfied
on the part of the Guarantor, the representations and warranties contained in
Sections 7.4(a), 7.4(c), 7.4(d), in the second sentence of Section 7.6 and in
the second and third sentences of Section 7.7 hereof shall not constitute
continuing representations and warranties hereunder.
9. NO CONTEST WITH THE LESSOR. No set-off, counterclaim, reduction or
diminution of any obligation, or any claim or defense of any kind or nature
which the Guarantor has or may have against the Lessee, any other member of the
Leasing Group, any of the Related Parties or the Lessor shall be available
hereunder to the Guarantor. The Guarantor shall not assert and hereby waives
any right whatsoever that the Guarantor may have at law or in equity,
including, without limitation, any right of subrogation or to seek
contribution, indemnification or any other form of reimbursement from the
Lessee, any other endorser, surety or guarantor of any of the Obligations or
any other Person now or hereafter primarily or secondarily liable for any of
the Obligations. The Guarantor shall not, in any proceedings under the
Bankruptcy Code or insolvency proceedings of any nature, prove in competition
with the Lessor in respect of any payment hereunder or be entitled to have the
benefit of any counterclaim or proof of claim or dividend or payment by or on
behalf of the
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Lessee, any other member of the Leasing Group or any of the Related Parties or
the benefit of any other security for any Obligation which, now or hereafter,
the Guarantor may hold in competition with the Lessor.
10. SET-OFF. In addition to any rights now or hereafter granted under
any agreement or applicable law and not by way of limitation of any such
rights, upon the occurrence of any Lease Default, including, without
limitation, any default by the Guarantor hereunder, the Lessor and the other
Meditrust Entities are hereby authorized at any time or from time to time,
without presentment, demand, protest or other notice of any kind to the
Guarantor or to any other Person, all of which are hereby expressly waived, to
set off and to appropriate and apply any and all deposits and any other
indebtedness at any time held by or owing to the Lessor (or any of the other
Meditrust Entities) to or for the credit or the account of the Guarantor
against and on account of the obligations and liabilities of the Guarantor to
the Lessor or any of the other Meditrust Entities under this Guaranty or
otherwise, irrespective of whether or not the Lessor or any of the other
Meditrust Entities shall have made any demand hereunder or under any Related
Party Agreement and although said obligations, liabilities or claims, or any of
them, may then be contingent or unmatured and without regard to the
availability or adequacy of other collateral. The Guarantor also grants to the
Lessor (and the other Meditrust Entities) a security interest in all of the
Guarantor's deposits, securities and other property at any time and from time
to time, in the possession of the Lessor (or any of the other Meditrust
Entities) and, upon the occurrence of any Lease Default, the Lessor and the
other Meditrust Entities may exercise all rights and remedies of a secured
party under the Massachusetts Uniform Commercial Code. The Lessor and the other
Meditrust Entities shall have no duty to take steps to preserve rights against
prior parties as to such securities or other property.
The Guarantor hereby agrees that all collateral now or hereafter
granted as security for any indebtedness of the Guarantor to the Lessor and/or
the other Meditrust Entities shall be deemed to be additional collateral
securing the Obligations.
11. WAIVERS. The Guarantor waives presentment for payment, demand,
protest, notice of nonpayment, notice of dishonor, protest of any dishonor,
suretyship defenses, notice of protest and protest of the Lease Documents and,
and all other notices in connection with (a) the delivery or the acceptance of
the Lease Documents and any reliance thereon and/or (b) the performance,
default (except notice of default as specifically elsewhere required under any
of the Lease Documents) or enforcement of any obligation under the Lease
Documents, and agrees that its liability shall be unconditional without regard
to the liability of any other party and shall not be in any manner affected by
any indulgence, extension of time, renewal, waiver or modification granted or
consented to by the Lessor; and the Guarantor consents to any and all
extensions of time, renewals, waivers or modifications that may be granted or
consented to by the Lessor with respect to the payment or performance of any
obligations under the Lease Documents and to the release of the Collateral (or
any part thereof), with or without substitution, and agrees that additional
makers, endorsers, guarantors or sureties may become parties to the Lease
Documents
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without notice to the Guarantor or affecting the liability of the Guarantor
hereunder or under any of the other Lease Documents to which the Guarantor is a
party.
12. INDEMNIFICATION. Except with respect to the gross negligence or
wilful misconduct of the Lessor or any of the other Indemnified Parties, as to
which no indemnity is provided, the Guarantor hereby agrees to defend with
counsel acceptable to the Lessor, indemnify and hold harmless the Lessor and
each of the other Indemnified Parties from and against all damages, losses,
claims, liabilities, obligations, penalties, causes of action, costs and
expenses (including, without limitation, attorneys' fees, court costs and other
expenses of litigation) suffered by, or claimed or asserted against, the Lessor
or any of the other Indemnified Parties, directly or indirectly, based on,
arising out of or resulting from (a) the use and occupancy of the Leased
Property or any business conducted therein, (b) any act, fault, omission to act
or misconduct by (i) any member of the Leasing Group, (ii) any Affiliate of the
Lessee or (iii) any employee, agent, licensee, business invitee, guest,
customer, contractor or sublessee of any of the foregoing parties, relating to,
directly or indirectly, the Leased Property, (c) any accident, injury or damage
whatsoever caused to any Person, including, without limitation, any claim of
malpractice, or to the property of any Person in or about the Leased Property
or outside of the Leased Property where such accident, injury or damage results
or is claimed to have resulted from any act, fault, omission to act or
misconduct by any member of the Leasing Group or any Affiliate of the Lessee or
any employee, agent, licensee, contractor or sublessee of any of the foregoing
parties, (d) any Lease Default, (e) any claim brought or threatened against any
of the Indemnified Parties by any member of the Leasing Group or by any other
Person on account of (i) the Lessor's relationship with any member of the
Leasing Group pertaining in any way to the Leased Property and/or the
transaction evidenced by the Lease Documents and/or (ii) the Lessor's
negotiation of, entering into and/or performing any of its obligations and/or
exercising any of its right and remedies under any of the Lease Documents, (f)
any attempt by any member of the Leasing Group or any Affiliate of the Lessee
to transfer or relocate any of the Permits to any location other than the
Leased Property and/or (g) the enforcement of this indemnity. Any amounts which
become payable by the Guarantor under this Section 12 shall be a demand
obligation of the Guarantor to the Lessor. The indemnity provided for in this
Section 12 shall survive any termination of this Guaranty.
13. NOTICES. Any notice, request, demand, statement or consent made
hereunder shall be in writing and shall be deemed duly given if personally
delivered, sent by certified mail, return receipt requested, or sent by a
nationally recognized commercial overnight delivery service with provisions for
a receipt, postage or delivery charges prepaid, and shall be deemed given when
postmarked or placed in the possession of such mail or delivery service and
addressed as follows:
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IF TO THE GUARANTOR: Balanced Care Corporation
0000 Xxxxxx Xxxxx, Xxxxx 000
Xxxxxxxxxxxxx, Xxxxxxxxxxxx 00000
Attn: President
WITH COPIES TO: Balanced Care Corporation
0000 Xxxxxx Xxxxx, Xxxxx 000
Xxxxxxxxxxxxx, Xxxxxxxxxxxx 00000
Attn: General Counsel
Xxxxxxxxxxx & Xxxxxxxx
0000 Xxxxxx Xxxxxxxx
Xxxxxxxxxx, Xxxxxxxxxxxx 00000-0000
Attn: ________________________
IF TO THE LESSOR:
WITH COPIES TO: Attn: ________________________
or at such other place as any of the parties hereto may from time to time
hereafter designate to the others in writing. Any notice given to the Guarantor
by the Lessor at any time shall not imply that such notice or any further or
similar notice was or is required.
14. GOVERNING LAW. This Guaranty shall be construed, and the rights
and obligations of the Lessor and the Guarantor shall be determined, in
accordance with the laws of the Commonwealth of Massachusetts.
The Guarantor hereby consents to personal jurisdiction in the courts
of the Commonwealth of Massachusetts and the United States District Court for
the District of Massachusetts as well as to the jurisdiction of all courts from
which an appeal may be taken from the aforesaid courts, for the purpose of any
suit, action or other proceeding arising out of or with respect to any of the
Lease Documents, the negotiation and/or consummation of the transactions
evidenced by the Lease Documents, the Lessor's relationship of any member of
the Leasing Group in connection with the transactions evidenced by the Lease
Documents and/or the performance of any obligation or the exercise of any
remedy under any of the Lease Documents and expressly waives any and all
objections the Guarantor may have as to venue in any of such courts.
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15. GENERAL PROVISIONS; RULES OF CONSTRUCTION. The provisions set
forth in Article 23 and Sections 2.2, 11.5.4, 16.8 through 16.10, 17.2, 24.2
through 24.10 and 24.12 of the Lease are hereby incorporated herein by
reference, mutatis, mutandis and shall be applicable to this Guaranty as if set
forth in full herein.
IN WITNESS WHEREOF, the Guarantor has executed this Guaranty as an
instrument under seal as of the __________________________.
WITNESS: GUARANTOR:
------- ---------
____________________
Name:
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SCHEDULE TO EXHIBIT 10.16 FILED PURSUANT TO INSTRUCTION 2 TO ITEM 601(a) OF
REGULATION S-K
GUARANTY
--------
PROJECT PARTIES FACILITY DATE
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Harmony Manor, WI Meditrust Mortgage Investments, Inc. and BCC of Harmony Manor facilities 5/2/96
Wisconsin, Inc.
Reading, PA Meditrust Acquisition Corporation II and BCC at Outlook Pointe at Reading 2/27/97
Reading, Inc.
State College, PA Meditrust Acquisition Corporation II and BCC at Outlook Pointe at State 0/0/00
Xxxxx Xxxxxxx, Xxx. Xxxxxxx
Xxxxxxxxx, XX Meditrust Acquisition Corporation II and BCC at Outlook Pointe at Altoona 8/2/96
Altoona, Inc.
Blytheville, AR Meditrust Acquisition Corporation II and Outlook Pointe at Blytheville 11/1/96
Balanced Care at Blytheville, Inc.
Maumelle, AR Meditrust Acquisition Corporation II and Outlook Pointe at Maumelle 11/1/96
Balanced Care at Maumelle, Inc.
Mountain Home, AR Meditrust Acquisition Corporation II and Outlook Pointe at Mountain 11/1/96
Balanced Care at Mountain Home, Inc. Home
Pocahontas, AR Meditrust Acquisition Corporation II and Outlook Pointe at Pocahontas 11/1/96
Balanced Care at Pocahontas, Inc.
Sherwood, AR Meditrust Acquisition Corporation II and Outlook Pointe at Sherwood 11/1/96
Balanced Care at Sherwood, Inc.
Hawthorn Properties Balanced Care Corporation and National Care Hawthorn Property Facilities 8/30/96
(7 guaranties): Centers of Hermitage, Inc., National Care
Hermitage Centers, Inc., National Care Centers of Lebanon,
Lebanon Care Inc., Springfield Retirement Village, Inc.,
Lebanon Park National Care Centers of Nixa, Inc., National
Mt. Xxxxxx Care Centers of Springfield, Inc. and Mt. Xxxxxx
Xxxx Park Care Center West, Inc.
Springfield
West Park
Hawthorn Properties Xxxxx Management, Inc. and National Care Centers Hawthorn Property Facilities 8/30/96
(7 guaranties) of Hermitage, Inc., National Care Centers, Inc.,
National Care Centers of Lebanon, Inc.,
Springfield Retirement Village, Inc., National
Care Centers of Nixa, Inc., National Care
Centers of Springfield, Inc. and Mt. Xxxxxx Xxxx
Care Center West, Inc.
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Hawthorn Properties BCC at Nevada Park Care Center, Inc. and Hawthorn Property Facilities 8/30/96
(7 guaranties) National Care Centers of Hermitage, Inc.,
National Care Centers, Inc., National Care
Centers of Lebanon, Inc., Springfield Retirement
Village, Inc., National Care Centers of Nixa,
Inc., National Care Centers of Springfield, Inc.
and Mt. Xxxxxx Xxxx Care Center West, Inc.
Hawthorn Properties BCC at Republic Park Center, Inc. and National Hawthorn Property Facilities 8/30/96
(7 guaranties) Care Centers of Hermitage, Inc., National Care
Centers, Inc., National Care Centers of Lebanon,
Inc., Springfield Retirement Village, Inc.,
National Care Centers of Nixa, Inc., National
Care Centers of Springfield, Inc. and Mt. Xxxxxx
Xxxx Care Center West, Inc.
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SCHEDULE TO EXHIBIT 10.16 FILED PURSUANT TO INSTRUCTION 2 TO ITEM 601(a) OF
REGULATION S-K
GUARANTY
--------
PROJECT PARTIES FACILITY DATE
------- ------- -------- ----
Lima, OH Meditrust Acquisition Corporation II Outlook Pointe at Lima 9/30/97
(Lessor); TC Realty Corporation I
(Lessee); and Balanced Care Corporation
(Guarantor)
Scranton, PA Meditrust Acquisition Corporation II Outlook Pointe at Scranton 9/30/97
(Lessor); TC Realty Corporation III
(Lessee); and Balanced Care Corporation
(Guarantor)
Xenia, OH Meditrust Acquisition Corporation II Outlook Pointe at Xenia 9/30/97
(Lessor); TC Realty Corporation IV
(Lessee); and Balanced Care Corporation
(Guarantor)
