CREDIT AGREEMENT Dated as of October 7, 2015 among NATIONAL HEALTHCARE CORPORATION, as the Borrower, CERTAIN SUBSIDIARIES OF THE BORROWER IDENTIFIED HEREIN, as the Guarantors, and BANK OF AMERICA, N.A.Credit Agreement • November 5th, 2015 • National Healthcare Corp • Services-skilled nursing care facilities • Tennessee
THIS CREDIT AGREEMENT (“Agreement”) is entered into as of October 7, 2015, among NATIONAL HEALTHCARE CORPORATION, a Delaware corporation (the “Borrower”), the Guarantors (defined herein) and BANK OF AMERICA, N.A., a national banking association (the “Lender”).
PLEDGE AND SECURITY AGREEMENTPledge and Security Agreement • November 5th, 2015 • National Healthcare Corp • Services-skilled nursing care facilities
THIS PLEDGE AND SECURITY AGREEMENT (this “Agreement”) is entered into as of October 7, 2015 among the parties identified as “Obligors” on the signature pages hereto and such other parties that may become Obligors hereunder after the date hereof (each individually an “Obligor” and collectively the “Obligors”), and BANK OF AMERICA, N.A., in its capacity as Secured Party (the “Secured Party”).
NOTENote • November 5th, 2015 • National Healthcare Corp • Services-skilled nursing care facilities
FOR VALUE RECEIVED, the undersigned (the “Borrower”) hereby promises to pay to the order of BANK OF AMERICA, N.A. (the “Lender”), on the Maturity Date (as defined in the Credit Agreement referred to below) the principal amount of each Loan from time to time made by the Lender to the Borrower under that certain Credit Agreement, dated as of October 7, 2015 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined), between the Borrower and the Lender.
