SECOND AMENDMENT TO AGREEMENT TO PROVIDE ADMINISTRATIVE SERVICES TO AN ADULT HOME THIS AGREEMENT is made and entered into as effective of the 1st day of January, 1997 (the "Effective Date") by and between Painted Post Partners, as successor in...Agreement to Provide Administrative Services • August 14th, 1997 • Emeritus Corp\wa\ • Services-nursing & personal care facilities
Contract Type FiledAugust 14th, 1997 Company Industrythe term (which shall include the initial term and any renewal terms which may be exercised thereunder) of that Lease Agreement dated as of September 1,1996 between Health Care Property Investors, Inc., as lessor, and Painted Post Partners, as successor in interest to P. Jules Patt and Pamela J. Patt, unless sooner terminated upon the occurrence of an Event of Default. 2. The first full paragraph of Article IX is hereby deleted in its entirety and the following inserted in lieu thereof: IX. Fee: Emeritus acknowledges and agrees that from the Commencement Date to the date of this Second Amendment to Agreement to Provide Administrative Services to Adult Homes, it has received a monthly fee equal to $ 15,000. Owner and Emeritus agree that from and after the Effective Date hereof, Emeritus shall receive a monthly fee equal to $20,000 for the period from January 1,1997 to December 31,1997 and thereafter the fee shall be reviewed annually and shall be such amount as may be agreed upon by Own
FIRST AMENDMENT TO AGREEMENT TO PROVIDE ADMINISTRATIVE SERVICES TO AN ADULT HOME THIS AGREEMENT is made and entered into effective as of the 1st day of January, 1997 (the "Effective Date") by and between Painted Post Partners (the "Partnership") and...Agreement to Provide Administrative Services • August 14th, 1997 • Emeritus Corp\wa\ • Services-nursing & personal care facilities
Contract Type FiledAugust 14th, 1997 Company Industryterminate upon the expiration or sooner termination of the term (which shall include the initial term and any renewal terms which may be exercised thereunder) of each such Facility Lease, unless sooner terminated upon the occurrence of an Event of Default (the "Termination Date"). Operator and Emeritus acknowledge and agree that it is the intent of the parties that the Commencement Date shall be the same as to all of the Facilities other than Perinton Park Manor, which is under construction and the term of which Facility Lease may accordingly commence later than the term of the other Facilities Leases commences but that the Termination Date shall be the same as to all of the Facilities. 2. The first full paragraph of Article IX is hereby deleted in its entirety and the following inserted in lieu thereof: IX. Fee: Emeritus acknowledges and agrees that from the Commencement Date to the date of this First Amendment to Agreement to Provide Administrative Services to Adult Homes, it has rec