L E A S EIntegrated Living Communities Inc • November 15th, 1996 • Services-skilled nursing care facilities
REVOLVING CREDIT NOTE --------------------- $2,400,000.00 DATED: OCTOBER 10, 1996 FOR VALUE RECEIVED, the undersigned, INTEGRATED LIVING COMMUNITIES, INC., a Delaware corporation (the "Maker") hereby unconditionally promises to pay to the order of...Credit Note • November 15th, 1996 • Integrated Living Communities Inc • Services-skilled nursing care facilities
This Note shall bear interest from its date until maturity on the principal amount outstanding from time to time hereunder (calculated on the basis of a 360-day year of twelve 30-day months) at a rate per annum equal to fourteen (14%) percent. Each installment when paid shall be applied first to the payment of all accrued interest and the balance shall be applied to principal.
CONTRACT OF ACQUISITIONContract of Acquisition • November 15th, 1996 • Integrated Living Communities Inc • Services-skilled nursing care facilities
