LOAN AGREEMENT THIS LOAN AGREEMENT, dated as of April ___, 1998 (this "Agreement"), is entered into by and between BROOKDALE LIVING COMMUNITIES, INC., a Delaware corporation (the "Borrower"), and LaSALLE NATIONAL BANK, a national banking association...Loan Agreement • August 14th, 1998 • Brookdale Living Communities Inc • Services-nursing & personal care facilities • Illinois
NOTEBrookdale Living Communities Inc • August 14th, 1998 • Services-nursing & personal care facilities
FOR VALUE RECEIVED, BROOKDALE LIVING COMMUNITIES, INC., a Delaware corporation (the "Maker"), with its principal place of business at 77 West Wacker Drive, Suite 4800, Chicago, Illinois 60601, hereby promises to pay to the order of LaSALLE NATIONAL BANK, a national banking association (the ABank@), at its office at 135 South LaSalle Street, Chicago, Illinois 60603, or such other place as Bank may direct from time to time, in lawful money of the United States and in available funds, the principal amount of FIFTEEN MILLION DOLLARS ($15,000,000.00), or such lesser amount as Bank advanced to Maker hereunder which is outstanding as of the Maturity Date, as defined in that certain Loan Agreement dated the date hereof by and between Maker and the Bank (the "Loan Agreement").
