Common use of 2Appraised Value of Assets Clause in Contracts

2Appraised Value of Assets. The Purchase Price is based on appraisals for each of the Assets prepared in July of 1997, by Senior Living Valuation Services, Inc. (the "Appraisals"). A copy of each of the Appraisals were delivered to Purchaser, which Appraisals and the value reflected in each Appraisal by Facility are as follows: Atrium at ▇▇▇▇▇▇▇▇▇▇: $ 8,700,000.00 Dated: July 24, 1997 Crosswoods Oaks: $ 5,400,000.00 Dated: July 24, 1997 Heatherwood: $ 8,600,000.00 Dated: July 18, 1997 Varenda Club $17,950,000.00 Dated: July 19, 1997

2Appraised Value of Assets. The Purchase Price is based on appraisals for each of the Assets prepared in July of 1997, by Senior Living Valuation Services, Inc. (the "Appraisals"). A copy of each of the Appraisals were delivered to Purchaser, which Appraisals and the value reflected in each Appraisal by Facility are as follows: Atrium at ▇▇▇▇▇Carmichael: $ 8,700,000.00 ▇▇▇▇▇: $ 8,700,000.00 Dated: July ▇▇ly 24, 1997 Crosswoods Oaks: $ 5,400,000.00 Dated: July 24, 1997 Heatherwood: $ 8,600,000.00 Dated: July 18, 1997 Varenda Club $17,950,000.00 Dated: July 19, 1997