Deposits into Escrow. Unless otherwise set forth below, Borrowers and Lender shall, not less than two (2) Business Days prior to the Closing Date, deposit the following documents, instruments and other items into Escrow, each duly executed and, where appropriate, witnessed, acknowledged and in recordable form, with all exhibits, schedules and annexes (each pre-approved by Lender) attached and executed as required: (i) One (1) copy of this Agreement, executed by Lender, by each Borrower and by each Credit Party and by each Guarantor and with all completed Annexes and Disclosure Schedules and Exhibits attached. (ii) With respect to the Western Medical Center - Anaheim, one (1) original Deed of Trust executed and acknowledged by PCHI with the legal description describing the fee simple interest in the Western Medical Center - Anaheim. (iii) With respect to the Western Medical Center - Santa ▇▇▇, one (1) original Deed of Trust executed and acknowledged by PCHI with the legal description describing the fee simple interest in the Western Medical Center - Santa ▇▇▇. (iv) With respect to the Coastal Communities Hospital, one (1) original Deed of Trust executed and acknowledged by PCHI with the legal description describing the fee simple interest in the Coastal Communities Hospital. (v) With respect to the ▇▇▇▇▇▇▇ Medical Center: (A) one (1) original Deed of Trust executed and acknowledged by IHHI with the legal description describing (1) the fee simple interest in the ▇▇▇▇▇▇▇ Medical Center, and (2) IHHI's interest, as MOB Tenant, in the ▇▇▇▇▇▇▇ MOB Lease; and (B) one (1) original Deed of Trust executed and acknowledged by IHHI with the legal description describing (1) the fee simple interest in the ▇▇▇▇▇▇▇ Medical Center, and (2) IHHI's interest, as Hospital Tenant, in the ▇▇▇▇▇▇▇ Hospital Lease (vi) With respect to the Western Medical Center - Anaheim, one (1) original Absolute Assignment of Leases and Rents executed and acknowledged by PCHI, IHHI and WMC-A with the legal description describing the fee simple interest in the Western Medical Center - Anaheim. (vii) With respect to the Western Medical Center - Santa ▇▇▇, one (1) original Absolute Assignment of Leases and Rents executed and acknowledged by PCHI, IHHI and WMC-SA with the legal description describing the fee simple interest in the Western Medical Center - Santa ▇▇▇. (viii) With respect to the Coastal Communities Hospital, one (1) original Absolute Assignment of Leases and Rents executed and acknowledged by PCHI, IHHI and Coastal with the legal description describing the fee simple interest in the Coastal Communities Hospital. (ix) With respect to the ▇▇▇▇▇▇▇ Western Medical Center: (A) one (1) original Absolute Assignment of Leases and Rents executed and acknowledged by IHHI with the legal description describing (1) the fee simple interest in the ▇▇▇▇▇▇▇ Medical Center, and (2) IHHI's interest, as Hospital Tenant, in the ▇▇▇▇▇▇▇ Hospital Lease; and. (B) one (1) original Absolute Assignment of Leases and Rents executed and acknowledged by IHHI with the legal description describing (1) the fee simple interest in the ▇▇▇▇▇▇▇ Medical Center, and (2) IHHI's interest, as MOB Tenant, in the ▇▇▇▇▇▇▇ MOB Lease. (x) Escrow Instructions executed by each Borrower and each Credit Party and each Guarantor. (xi) For each Property, all UCC-1 Financing Statements (Fixture Filing) as are required by Lender under the Loan Documents, naming the applicable Person's as Debtor. (xii) All other documents, resolutions, charter documents, affidavits and items required by any Title Company pursuant to and as set forth in any Title Commitment. (xiii) By 11:00 a.m. Los Angeles time on the Closing Date, Lender and Borrowers shall deposit into Escrow any funds required by this Agreement.
Appears in 2 contracts
Sources: Credit Agreement (Integrated Healthcare Holdings Inc), Credit Agreement (Integrated Healthcare Holdings Inc)
Deposits into Escrow. Unless otherwise set forth below, Borrowers and Lender shall, not less than two (2) Business Days prior to the Closing Date, deposit the following documents, instruments and other items into Escrow, each duly executed and, where appropriate, witnessed, acknowledged and in recordable form, with all exhibitsExhibits, schedules Disclosure Schedules and annexes Annexes (each pre-approved by Lender) attached and executed as required:
(i) One (1) copy of this Agreement, executed by Lender, by each Borrower and Borrower, by each Credit Party and by each Guarantor and with all completed Annexes and Disclosure Schedules and Exhibits attached.
(ii) With respect to the Western Medical Center - Anaheim, one (1) original Deed of Trust executed and acknowledged by PCHI with the legal description describing the fee simple interest in the Western Medical Center - Anaheim.
(iii) With respect to the Western Medical Center - Santa ▇▇▇, one (1) original Deed of Trust executed and acknowledged by PCHI with the legal description describing the fee simple interest in the Western Medical Center - Santa ▇▇▇.
(iv) With respect to the Coastal Communities Hospital, one (1) original Deed of Trust executed and acknowledged by PCHI with the legal description describing the fee simple interest in the Coastal Communities Hospital.
(v) With respect to the ▇▇▇▇▇▇▇ Medical Center:
(A1) one (1) original Deed of Trust executed and acknowledged by IHHI with the legal description describing (1) the fee simple interest in the ▇▇▇▇▇▇▇ Medical Center, and (2) IHHI's interest, as MOB Tenant, in the ▇▇▇▇▇▇▇ MOB Lease; and
(B2) one (1) original Deed of Trust executed and acknowledged by IHHI with the legal description describing (1) the fee simple interest in the ▇▇▇▇▇▇▇ Medical Center, and (2) IHHI's interest, as Hospital Tenant, in the ▇▇▇▇▇▇▇ Hospital Lease.
(vi) With respect to the Western Medical Center - Anaheim, one (1) original Absolute Assignment of Leases and Rents executed and acknowledged by PCHI, IHHI and WMC-A with the legal description describing the fee simple interest in the Western Medical Center - Anaheim.
(vii) With respect to the Western Medical Center - Santa ▇▇▇, one (1) original Absolute Assignment of Leases and Rents executed and acknowledged by PCHI, IHHI and WMC-SA with the legal description describing the fee simple interest in the Western Medical Center - Santa ▇▇▇.
(viii) With respect to the Coastal Communities Hospital, one (1) original Absolute Assignment of Leases and Rents executed and acknowledged by PCHI, IHHI and Coastal with the legal description describing the fee simple interest in the Coastal Communities Hospital.
(ix) With respect to the ▇▇▇▇▇▇▇ Western Medical Center:
(A1) one (1) original Absolute Assignment of Leases and Rents executed and acknowledged by IHHI with the legal description describing (1) the fee simple interest in the ▇▇▇▇▇▇▇ Medical Center, and (2) IHHI's interest, as Hospital Tenant, in the ▇▇▇▇▇▇▇ Hospital Lease; and.
(B2) one (1) original Absolute Assignment of Leases and Rents executed and acknowledged by IHHI with the legal description describing (1) the fee simple interest in the ▇▇▇▇▇▇▇ Medical Center, and (2) IHHI's interest, as MOB Tenant, in the ▇▇▇▇▇▇▇ MOB Lease.
(x) With respect to all Properties, requests to reconvey or deeds of reconveyance of all existing Liens and encumbrances, in each case executed by the applicable beneficiary or payee or mortgagee.
(xi) Escrow Instructions executed by each Borrower and each Credit Party and each GuarantorBorrower.
(xixii) For each Property, all UCC-1 Financing Statements (Fixture Filing) as are required by Lender under the Loan Documents, naming the applicable Person's as Debtor.
(xiixiii) All other documents, instruments, certificates, resolutions, charter documents, affidavits and items required by any Title Company pursuant to and as set forth in any Title Commitment.Company. 27
(xiiixiv) By 11:00 a.m. Los Angeles time on the Closing Date, Lender and Borrowers shall deposit into Escrow any funds the amount required by this Agreementthe Notice of Request for Advance, less any amounts withheld for payment of the Origination Fee, Lender's Costs and the Previous Amount Owed.
Appears in 1 contract
Sources: Revolving Credit Agreement (Integrated Healthcare Holdings Inc)
Deposits into Escrow. Unless otherwise set forth below, Borrowers and Closing Date Lender shall, not less than two (2) Business Days prior to the Closing Date, deposit the following documents, instruments and other items into Escrow, each duly executed and, where appropriate, witnessed, acknowledged and in recordable form, with all exhibits, schedules and annexes (each pre-approved by LenderClosing Date Lender ) attached and executed as required:
(i) One (1) copy of this Agreement, executed by Closing Date Lender, by each Borrower and by each Credit Party and by each Guarantor and with all completed Annexes and Disclosure Schedules and Exhibits attached.
(ii) With respect to the Western Medical Center - Anaheim, one (1) original $80,000,000 Deed of Trust executed and acknowledged by PCHI with the legal description describing the fee simple interest in the Western Medical Center - Anaheim.
(iii) With respect to the Western Medical Center - Santa ▇▇▇, one (1) original $80,000,000 Deed of Trust executed and acknowledged by PCHI with the legal description describing the fee simple interest in the Western Medical Center - Santa ▇▇▇.
(iv) With respect to the Coastal Communities Hospital, one (1) original $80,000,000 Deed of Trust executed and acknowledged by PCHI with the legal description describing the fee simple interest in the Coastal Communities Hospital.
(v) With respect to the ▇▇▇▇▇▇▇ Medical Center:
(A) one (1) original $80,000,000 Deed of Trust executed and acknowledged by IHHI with the legal description describing (1) the fee simple interest in the ▇▇▇▇▇▇▇ Medical Center, and (2) IHHI's ’s interest, as MOB Tenant, in the ▇▇▇▇▇▇▇ MOB Lease; and
(B) one (1) original $80,000,000 Deed of Trust executed and acknowledged by IHHI with the legal description describing (1) the fee simple interest in the ▇▇▇▇▇▇▇ Medical Center, and (2) IHHI's ’s interest, as Hospital Tenant, in the ▇▇▇▇▇▇▇ Hospital Lease.
(vi) With respect to the Western Medical Center - Anaheim, one (1) original Absolute Assignment of Leases and Rents executed and acknowledged by PCHI, IHHI and WMC-A with the legal description describing the fee simple interest in the Western Medical Center - Anaheim.
(vii) With respect to the Western Medical Center - Santa ▇▇▇, one (1) original Absolute Assignment of Leases and Rents executed and acknowledged by PCHI, IHHI and WMC-SA with the legal description describing the fee simple interest in the Western Medical Center - Santa ▇▇▇.
(viii) With respect to the Coastal Communities Hospital, one (1) original Absolute Assignment of Leases and Rents executed and acknowledged by PCHI, IHHI and Coastal with the legal description describing the fee simple interest in the Coastal Communities Hospital.
(ix) With respect to the ▇▇▇▇▇▇▇ Western Medical Center:
(A) one (1) original Absolute Assignment of Leases and Rents executed and acknowledged by IHHI with the legal description describing (1) the fee simple interest in the ▇▇▇▇▇▇▇ Medical Center, and (2) IHHI's ’s interest, as Hospital Tenant, in the ▇▇▇▇▇▇▇ Hospital Lease; and.
(B) one (1) original Absolute Assignment of Leases and Rents executed and acknowledged by IHHI with the legal description describing (1) the fee simple interest in the ▇▇▇▇▇▇▇ Medical Center, and (2) IHHI's ’s interest, as MOB Tenant, in the ▇▇▇▇▇▇▇ MOB Lease.
(x) Escrow Instructions executed by each Borrower and each Credit Party and each Guarantor.
(xi) For each Property, all UCC-1 Financing Statements (Fixture Filing) as are required by Closing Date Lender under the Loan Documents, naming the applicable Person's ’s as Debtor.
(xii) All other documents, resolutions, charter documents, affidavits and items required by any Title Company pursuant to and as set forth in any Title Commitment.
(xiii) By 11:00 a.m. Los Angeles time on the Closing Date, Closing Date Lender and Borrowers shall deposit into Escrow any funds required by this Agreement.
Appears in 1 contract
Sources: Credit Agreement (Integrated Healthcare Holdings Inc)