Consent and Amendment to Loan DocumentsLoan Agreement • July 14th, 2015 • Healthcare Services Group Inc • Services-nursing & personal care facilities
THIS CONSENT AND AMENDMENT TO LOAN DOCUMENTS (this “Amendment”) is made as of July 9, 2015, by and among HEALTHCARE SERVICES GROUP, INC., HUNTINGDON HOLDINGS, INC. and HCSG STAFF LEASING SOLUTIONS, LLC (individually and collectively, the “Existing Borrower”), HCSG LABOR SUPPLY, LLC, HCSG EAST, LLC, HCSG CENTRAL, LLC and HCSG WEST, LLC (individually and collectively, the “New Borrower” and together with the Existing Borrower, the “Borrower”) and PNC BANK, NATIONAL ASSOCIATION (the “Bank”).
Amended and Restated Committed Line Of Credit Note (LIBOR)Committed Line of Credit Note • July 14th, 2015 • Healthcare Services Group Inc • Services-nursing & personal care facilities
FOR VALUE RECEIVED, HEALTHCARE SERVICES GROUP, INC., HUNTINGDON HOLDINGS, INC., HCSG STAFF LEASING SOLUTIONS, LLC, HCSG LABOR SUPPLY, LLC, HCSG EAST, LLC, HCSG CENTRAL, LLC and HCSG WEST, LLC (individually and collectively, the “Borrower”), with an address at 3220 Tillman Drive, Glenview Corporate Center, Suite 300, Bensalem, PA 19020, jointly and severally promise to pay to the order of PNC BANK, NATIONAL ASSOCIATION (the “Bank”), in lawful money of the United States of America in immediately available funds at its offices located at 1600 Market Street, Philadelphia, PA 19103, or at such other location as the Bank may designate from time to time, the principal sum of TWO HUNDRED MILLION AND 00/100 DOLLARS ($200,000,000.00) (the “Facility”) or such lesser amount as may be advanced to or for the benefit of the Borrower hereunder, together with interest accruing on the outstanding principal balance from the date hereof, all as provided below.
