Common Contracts
3 similar Promissory Note contracts by American Retirement Corp
PROMISSORY NOTE (Terrace Homes)Promissory Note • February 27th, 2006 • American Retirement Corp • Services-skilled nursing care facilities • Texas
FOR VALUE RECEIVED, the undersigned, ARC BRANDYWINE, L.P., a Delaware limited partnership (“Borrower”), hereby promises to pay to the order of GUARANTY BANK, a federal savings bank (“Lender” which shall also include each successor or assign who becomes the holder of this Note), the principal sum of Nine Million Four Hundred Nineteen Thousand One Hundred Sixty-Four and No/100 Dollars ($9,419,164.00), with interest on the unpaid balance thereof from date of advancement until maturity at the rate or rates hereinafter provided, both principal and interest payable as hereinafter provided in lawful money of the United States of America at the offices of Guaranty Bank, 8333 Douglas Avenue, Dallas, Texas 75225, or at such other place within Dallas County, Texas as from time to time may be designated by Lender.
PROMISSORY NOTE (AL Expansion)Promissory Note • February 27th, 2006 • American Retirement Corp • Services-skilled nursing care facilities • Texas
FOR VALUE RECEIVED, the undersigned, ARC BRANDYWINE, L.P., a Delaware limited partnership (“Borrower”), hereby promises to pay to the order of GUARANTY BANK, a federal savings bank (“Lender” which shall also include each successor or assign who becomes the holder of this Note), the principal sum of Eleven Million Four Hundred Twenty Four Thousand and No/100 Dollars ($11,424,000.00), with interest on the unpaid balance thereof from date of advancement until maturity at the rate or rates hereinafter provided, both principal and interest payable as hereinafter provided in lawful money of the United States of America at the offices of Guaranty Bank, 8333 Douglas Avenue, Dallas, Texas 75225, or at such other place within Dallas County, Texas as from time to time may be designated by Lender.
PROMISSORY NOTE (Healthcare Center)Promissory Note • February 27th, 2006 • American Retirement Corp • Services-skilled nursing care facilities • Texas
FOR VALUE RECEIVED, the undersigned, ARC BRANDYWINE, L.P., a Delaware limited partnership (“Borrower”), hereby promises to pay to the order of GUARANTY BANK, a federal savings bank (“Lender” which shall also include each successor or assign who becomes the holder of this Note), the principal sum of Five Million and No/100 Dollars ($5,000,000.00), with interest on the unpaid balance thereof from date of advancement until maturity at the rate or rates hereinafter provided, both principal and interest payable as hereinafter provided in lawful money of the United States of America at the offices of Guaranty Bank, 8333 Douglas Avenue, Dallas, Texas 75225, or at such other place within Dallas County, Texas as from time to time may be designated by Lender.
