ELDERTRUST OPERATING LIMITED PARTNERSHIP AGREEMENT OF CLASS C (LIHTC) UNIT RIGHTS MODIFICATIONAgreement of Class C (Lihtc) Unit Rights Modification • May 10th, 2004 • Ventas Capital Corp • Delaware
This Agreement of Class C (LIHTC) Unit Rights Modification (the “Agreement”) is dated November 19, 2003, and shall be effective as of the Effective Time (as defined in the Merger Agreement) (the “Effective Date”) by and among ElderTrust Operating Limited Partnership, a Delaware limited partnership (the “Partnership”), Norland Plastics Company, a Delaware corporation (“Norland Plastics Company”), ET Sub-Falls-Washington Street, L.L.C., a Delaware limited liability company (the “Class C Unit Holder”), ElderTrust, a Maryland real estate investment trust and the general partner of the Partnership (“ElderTrust”), and Ventas, Inc., a Delaware corporation (“Ventas”).
