Common Contracts

2 similar Promissory Note contracts by Emeritus Corp\wa\

PROMISSORY NOTE
Promissory Note • March 8th, 2012 • Emeritus Corp\wa\ • Services-nursing & personal care facilities

FOR VALUE RECEIVED, the undersigned EMERIPARK SC LLC, a Delaware limited liability company, EMERI-SKY SC LLC, a Delaware limited liability company, EMERIVILL SC LLC, a Delaware limited liability company, and HERITAGE HILLS RETIREMENT, INC., a North Carolina corporation, having an address at 3131 Elliott Avenue, Suite 500, Seattle, Washington 98121 (collectively, the “Borrowers”), hereby jointly and severally promise to pay to the order of FIRST COMMERCIAL BANK, a division of Synovus Bank, a Georgia state banking corporation, having an address at 800 Shades Creek Parkway, Birmingham, Alabama 35209, together with its successors and assigns or, if this Note has then been endorsed “to bearer,” to the bearer of this Note (collectively the “Lender”), at Lender’s said address or at such other place or to such other person as may be designated in writing to Borrower by Lender, the principal sum of Twenty-Five Million and No/100 Dollars ($25,000,000.00) (the “Loan”), together with interest on t

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PROMISSORY NOTE
Promissory Note • March 8th, 2012 • Emeritus Corp\wa\ • Services-nursing & personal care facilities

FOR VALUE RECEIVED, the undersigned EMERIPARK SC LLC, a Delaware limited liability company, EMERI-SKY SC LLC, a Delaware limited liability company, EMERIVILL SC LLC, a Delaware limited liability company, and HERITAGE HILLS RETIREMENT, INC., a North Carolina corporation, having an address at 3131 Elliott Avenue, Suite 500, Seattle, Washington 98121 (collectively, the “Borrowers”), hereby jointly and severally promise to pay to the order of FIRST COMMERCIAL BANK, a division of Synovus Bank, a Georgia state banking corporation and successor by merger to First Commercial Bank, an Alabama state banking corporation, having an address at 800 Shades Creek Parkway, Birmingham, Alabama 35209, together with its successors and assigns or, if this Note has then been endorsed “to bearer,” to the bearer of this Note (collectively the “Lender”), at Lender’s said address or at such other place or to such other person as may be designated in writing to Borrowers by Lender, the principal sum of Four Mill

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