Exhibit 99.3 TERM SHEET FOR WORKOUT AGREEMENT 1. Grand Court Lifestyles, Inc. ("GCLS") and the Borrower will enter into an agreement, with approval of the Bankruptcy Court, wherein GCLS and the Borrower will not oppose Pacific Life's ("PL")...Workout Agreement • July 12th, 2000 • Grand Court Lifestyles Inc • Services-nursing & personal care facilities
