1
EXHIBIT 10.15
[ARV LETTERHEAD]
SENT VIA FACSIMILE AND U.S. MAIL
Xx. Xxxxxxx Xxxxxxx
CASTLE SERVICE CO., LLC
c/o Castle American Enterprises, LLC
000 Xxxxx Xxxx
Xxxxxxx, Xxx Xxxxxx 00000
Dear Xxxxxxx:
In accordance with Section 2(a) of that certain buy-sell agreement in letter
form dated November 6, 1997 (the "Buy-Sell Agreement"), and Section 14.2 of that
certain Operating Agreement (the "Operating Agreement") of Prospect Park
Residence, LLC, ARV Assisted Living, Inc. ("ARV") hereby notifies Castle Service
Co., LLC ("Castle") that XXX xxxxxx accepts the offer of Castle to purchase
ARV's interest in Prospect Park Residence, LLC. This letter constitutes a "Reply
Notice" within the meaning of Section 14.2 of the Operating Agreement.
As set forth in Section 2(a) of the Buy-Sell Agreement, the Closing (as defined
therein) shall occur within thirty (30) days after Xxxxxx's receipt of this
Reply Notice.
Should you have any questions, please do not hesitate to contact the
undersigned.
Very truly yours,
/s/ Xxxxxx X. Xxxxxxx
Xxxxxx X. Xxxxxxx
Vice President and General Counsel
cc: Xxxxxxxx X. Xxxxxxxx, Esq. (via fax 000-000-0000)
Xxxxxxx Xxxxx, Esq. (via fax 000-000-0000)
Xxxxx Xxxxx, Esq. (via fax 000-000-0000)
Xxxxxxx Xxxx (via fax 000-000-0000)
Xxxxxx X. Xxxxxxx, LFREI (via fax 000-000-0000)
Xxxxx X. Xxxxx, LFREI (via fax 000-000-0000)
Xxxx X. Xxxxx
Xxxxxx X. Xxxxxx-Xxxxx
Xxxx X. Xxxxxxxx
Xxxxx Xxxxxxx
