MULTIFAMILY NOTE MULTISTATE – FIXED RATE (REVISION DATE 2-15-2008)Multifamily Note • August 8th, 2008 • Emeritus Corp\wa\ • Services-nursing & personal care facilities
FOR VALUE RECEIVED, the undersigned (together with such party's or parties' successors and assigns, "Borrower") jointly and severally (if more than one) promises to pay to the order of CAPMARK BANK, a Utah industrial bank, the principal sum of Six Million Three Hundred Fifty Thousand and 00/100 Dollars (US $6,350,000.00), with interest on the unpaid principal balance, as hereinafter provided.
MULTIFAMILY NOTEMultifamily Note • August 8th, 2008 • Emeritus Corp\wa\ • Services-nursing & personal care facilities
FOR VALUE RECEIVED, the undersigned (together with such party's or parties' successors and assigns, "Borrower"), jointly and severally (if more than one) promises to pay to the order of KEYCORP REAL ESTATE CAPITAL MARKETS, INC., an Ohio corporation, the principal sum of Eight Million Ninety-Seven Thousand and No/100 Dollars (US $8,097,000.00), with interest on the unpaid principal balance, as hereinafter provided.
LOAN AGREEMENT for a loan in the amount of MADE BY AND BETWEEN EMERIKEYT FAIRWAYS OF AUGUSTA LLC, a Delaware limited liability company as Borrower and KEYBANK NATIONAL ASSOCIATION, a national banking association as Lender Key Healthcare Finance WA...Loan Agreement • August 8th, 2008 • Emeritus Corp\wa\ • Services-nursing & personal care facilities • Ohio
THIS LOAN AGREEMENT (“Agreement”) dated as of April 25, 2008, is made by and between EMERIKEYT FAIRWAYS OF AUGUSTA LLC, a Delaware limited liability company (“Borrower”) and KEYBANK NATIONAL ASSOCIATION, a national banking association, its successors and assigns (“Lender”).
ContractAsset Purchase Agreement • August 8th, 2008 • Emeritus Corp\wa\ • Services-nursing & personal care facilities • Ohio
SECURITY, ASSIGNMENT AND SUBORDINATION AGREEMENT FOR OPERATING LEASE (Revision Date 01-19-2007)Assignment and Subordination Agreement for Operating Lease • August 8th, 2008 • Emeritus Corp\wa\ • Services-nursing & personal care facilities
THIS SECURITY, ASSIGNMENT AND SUBORDINATION AGREEMENT FOR OPERATING LEASE (the “Agreement”) is made effective as of this 25th day of April, 2008, by and among EMERITUS PROPERTIES-NGH, LLC, a limited liability company organized and existing under the laws of Washington whose address is c/o Emeritus Corporation, 3131 Elliott Avenue, Suite 500, Seattle, Washington 98121, as grantor (“Operator”); CAPMARK BANK, an industrial bank organized and existing under the laws of the State of Utah, whose address is 6955 Union Park Center, Suite 330, Midvale, Utah 84047, Attn: President, as lender (the “Lender”); and FRETUS INVESTORS CHANDLER LLC, a limited liability company organized and existing under the laws of the State of Delaware, whose address is c/o Emeritus Corporation, 3131 Elliott Avenue, Suite 500, Seattle, Washington 98121 (“Borrower”).
ContractAsset Purchase Agreement • August 8th, 2008 • Emeritus Corp\wa\ • Services-nursing & personal care facilities
FIRST AMENDMENT TO LOAN AGREEMENT (Amended and Restated)Loan Agreement • August 8th, 2008 • Emeritus Corp\wa\ • Services-nursing & personal care facilities
THIS FIRST AMENDMENT TO LOAN AGREEMENT (Amended and Restated) (this “Amendment”) is made as of April 25, 2008, by and among the twenty-three (23) Delaware limited liability companies or limited partnerships listed on Schedule A attached hereto and made a part hereof (together with their respective successors and assigns, the “Borrowers”, and individually, a “Borrower”), and CAPMARK BANK, a Utah industrial bank (together with its successors and assigns, “Lender”).
ContractEmeritus Corp\wa\ • August 8th, 2008 • Services-nursing & personal care facilities
ContractAnd Security Agreement • August 8th, 2008 • Emeritus Corp\wa\ • Services-nursing & personal care facilities
NOTEEmeritus Corp\wa\ • August 8th, 2008 • Services-nursing & personal care facilities
FOR VALUE RECEIVED, EMERITUS CORPORATION, a corporation organized under the laws of the State of Washington (“Borrower”), shall pay to the order of HEALTH CARE REIT, INC., a corporation organized under the laws of the State of Delaware (“Lender”), the principal sum of Fifty Million and 00/100 Dollars ($50,000,000.00), or so much thereof as shall have been advanced to Borrower, with interest on so much thereof as shall from time to time be outstanding at the rate of interest set forth below, until fully paid.
