Joint and Several Obligations of Pledgors. (a) Each of the Pledgors is accepting joint and several liability hereunder in consideration of the financial accommodation to be provided by the Lenders under the Credit Agreement, for the mutual benefit, directly and indirectly, of each of the Pledgors and in consideration of the undertakings of each of the Pledgors to accept joint and several liability for the obligations of each of them. (b) Each of the Pledgors jointly and severally hereby irrevocably and unconditionally accepts, not merely as a surety but also as a co-debtor, joint and several liability with the other Pledgors with respect to the payment and performance of all of the Pledgor Obligations arising under this Pledge Agreement, the other Credit Documents and the Hedging Agreements, it being the intention of the parties hereto that all the Pledgor Obligations shall be the joint and several obligations of each of the Pledgors without preferences or distinction among them. (c) Notwithstanding any provision to the contrary contained herein or in any other of the Credit Documents, to the extent the obligations of a Guarantor shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of each Guarantor hereunder shall be limited to the maximum amount that is permissible under applicable law (whether federal or state and including, without limitation, the Bankruptcy Code). Each of the parties hereto has caused a counterpart of this Pledge Agreement to be duly executed and delivered as of the date first above written. BORROWER: EXTENDICARE HEALTH SERVICES, INC., a Delaware corporation By: ______________________________ Name: ____________________________ Title: ___________________________ GUARANTORS: EXTENDICARE HOLDINGS, INC., a Wisconsin corporation By: ______________________________ Name: ____________________________ Title: ___________________________ EXTENDICARE HEALTH FACILITY HOLDINGS, INC., a Delaware corporation By: ______________________________ Name: ____________________________ Title: ___________________________ EXTENDICARE HEALTH FACILITIES, INC., a Wisconsin corporation By: ______________________________ Name: ____________________________ Title: ___________________________ COVENTRY CARE, INC., a Pennsylvania corporation By: ______________________________ Name: ____________________________ Title: ___________________________ 188 NORTHERN HEALTH FACILITIES, INC., a Delaware corporation By: ______________________________ Name: ____________________________ Title: ___________________________ EXTENDICARE HOMES, INC., a Delaware corporation By: ______________________________ Name: ____________________________ Title: ___________________________ UNITED PROFESSIONAL COMPANIES, INC., a Delaware corporation By: ______________________________ Name: ____________________________ Title: ___________________________ THE PROGRESSIVE STEP CORPORATION, a Wisconsin corporation By: ______________________________ Name: ____________________________ Title: ___________________________ EXTENDICARE OF INDIANA, INC., a Delaware corporation By: ______________________________ Name: ____________________________ Title: ___________________________ UNITED REHABILITATION SERVICES, INC., a Wisconsin corporation By: ______________________________ Name: ____________________________ Title: ___________________________ 189 EDGEWOOD NURSING CENTER, INC., a Pennsylvania corporation By: ______________________________ Name: ____________________________ Title: ___________________________ ELDER CREST, INC., a Pennsylvania corporation By: ______________________________ Name: ____________________________ Title: ___________________________ HAVEN CREST, INC., a Pennsylvania corporation By: ______________________________ Name: ____________________________ Title: ___________________________ MEADOW CREST, INC., a Pennsylvania corporation By: ______________________________ Name: ____________________________ Title: ___________________________ OAK HILL HOME OF REST AND CARE, INC., a Pennsylvania corporation By: ______________________________ Name: ____________________________ Title: ___________________________ EXTENDICARE GREAT TRAIL, INC., a Delaware corporation By: ______________________________ Name: ____________________________ Title: ___________________________ 190 ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇VALESCENT CENTER, INC., a Washington corporation By: ______________________________ Name: ____________________________ Title: ___________________________ UNITED PROFESSIONAL SERVICES, INC., a Wisconsin corporation By: ______________________________ Name: ____________________________ Title: ___________________________ ARBOR HEALTH CARE COMPANY, a Delaware corporation By: ______________________________ Name: ____________________________ Title: ___________________________ ADULT SERVICES UNLIMITED, INC., a Pennsylvania corporation By: ______________________________ Name: ____________________________ Title: ___________________________ ALTERNACARE PLUS ENTERPRISES, INC., an Ohio corporation By: ______________________________ Name: ____________________________ Title: ___________________________ ARBORS EAST, INC., an Ohio corporation By: ______________________________ Name: ____________________________ Title: ___________________________ 191 ARBORS AT FT. WAYN▇, ▇▇C., an Indiana corporation By: ______________________________ Name: ____________________________ Title: ___________________________ ARBORS AT TOLEDO, INC., an Ohio corporation By: ______________________________ Name: ____________________________ Title: ___________________________ BAY GERIATRIC PHARMACY, INC., a Florida corporation By: ______________________________ Name: ____________________________ Title: ___________________________ THE DRUGGIST, INC., an Ohio corporation By: ______________________________ Name: ____________________________ Title: ___________________________ HEALTH POCONOS, INC., a Pennsylvania corporation By: ______________________________ Name: ____________________________ Title: ___________________________ HOME CARE PHARMACY, INC. OF FLORIDA, a Florida corporation By: ______________________________ Name: ____________________________ Title: ___________________________ 192 MARS▇▇▇▇ ▇▇▇PERTIES, INC., an Ohio corporation By: ______________________________ Name: ____________________________ Title: ___________________________ By: ______________________________ Name: ____________________________ Title: ___________________________ POLY-STAT SUPPLY CORPORATION, an Ohio corporation By: ______________________________ Name: ____________________________ Title: ___________________________
Appears in 1 contract
Joint and Several Obligations of Pledgors. (a) Each of the Pledgors is accepting joint and several liability hereunder in consideration of the financial accommodation to be provided by the Lenders under the Credit Agreement, for the mutual benefit, directly and indirectly, of each of the Pledgors and in consideration of the undertakings of each of the Pledgors to accept joint and several liability for the obligations of each of them.
(b) Each of the Pledgors jointly and severally hereby irrevocably and unconditionally accepts, not merely as a surety but also as a co-debtor, joint and several liability with the other Pledgors with respect to the payment and performance of all of the Pledgor Obligations arising under this Pledge Agreement, the other Credit Documents and the Hedging Agreements, it being the intention of the parties hereto that all the Pledgor Obligations shall be the joint and several obligations of each of the Pledgors without preferences or distinction among them.
(c) Notwithstanding any provision to the contrary contained herein or in any other of the Credit Documents, to the extent the obligations of a Guarantor Pledgor shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of each Guarantor such Pledgor hereunder shall be limited to the maximum amount that is permissible under applicable law (whether federal or state and including, without limitation, the Bankruptcy Code). Each of the parties hereto has caused a counterpart of this Pledge Agreement to be duly executed and delivered as of the date first above written. BORROWER: EXTENDICARE HEALTH SERVICES, INC▇▇▇▇▇▇ AMERICAN CORP., a Delaware corporation By: :______________________________ Name: :____________________________ Title: :___________________________ GUARANTORS: EXTENDICARE HOLDINGS, INC▇▇▇▇▇▇ AMERICAN INVESTMENT CORP., a Wisconsin Delaware corporation By: :______________________________ Name: :____________________________ Title: :___________________________ EXTENDICARE HEALTH FACILITY HOLDINGS▇▇▇▇▇▇ AMERICAN GROUP, INC., a Delaware corporation By: :______________________________ Name: :____________________________ Title: :___________________________ EXTENDICARE HEALTH FACILITIES, INC.CONSUMER DIRECT CORPORATION, a Wisconsin Delaware corporation By: :______________________________ Name: :____________________________ Title: :___________________________ COVENTRY CARE(Signatures Continued) ARROW FACTORY STORES, INC., a Pennsylvania Delaware corporation By: :______________________________ Name: :____________________________ Title: :___________________________ 188 NORTHERN HEALTH FACILITIES, INC.GAKM RESOURCES CORPORATION, a Delaware corporation By: :______________________________ Name: :____________________________ Title: :___________________________ EXTENDICARE HOMES, INC.▇▇▇▇▇▇ ▇▇▇▇▇▇▇ RESOURCES CORPORATION, a Delaware corporation By: :______________________________ Name: :____________________________ Title: :___________________________ UNITED PROFESSIONAL COMPANIES, INC▇▇▇▇▇▇ PEABODY HOLDING CORP., a Delaware corporation By: :______________________________ Name: :____________________________ Title: :___________________________ THE PROGRESSIVE STEP CORPORATION(Signatures Continued) ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ & CO., INC., a Wisconsin Delaware corporation By: :______________________________ Name: :____________________________ Title: :___________________________ EXTENDICARE OF INDIANA, BIDERTEX SERVICES INC., a Delaware corporation By: :______________________________ Name: :____________________________ Title: :___________________________ UNITED REHABILITATION SERVICESGREAT AMERICAN KNITTING ▇▇▇▇▇, INC., a Wisconsin Delaware corporation By: :______________________________ Name: :____________________________ Title: :___________________________ 189 EDGEWOOD NURSING CENTER▇▇▇▇▇▇ DESIGNER GROUP, INC., a Pennsylvania Delaware corporation By: :______________________________ Name: :____________________________ Title: :___________________________ ELDER CRESTAccepted and agreed to as of the date first above written. NATIONSBANK, INC.N.A., a Pennsylvania corporation as Agent By: :______________________________ Name: :____________________________ Title: :___________________________ HAVEN CRESTSchedule 2(a) to Pledge Agreement dated as of May 18, INC.1998 in favor of NationsBank, N.A. as Agent PLEDGED STOCK Pledgor: ▇▇▇▇▇▇ AMERICAN CORP. Number of Percentage Name of Subsidiary Shares Certificate Number Ownership ------------------ ------ ------------------ --------- Subsidiaries Pledgor: Number of Percentage Name of Subsidiary Shares Certificate Number Ownership ------------------ ------ ------------------ --------- Subsidiaries Exhibit 4(a) to Pledge Agreement dated as of May 18, 1998 in favor of NationsBank, N.A. as Agent Irrevocable Stock Power FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers to the following equity interests of _____________________, a Pennsylvania corporation By____________: No. of Shares Certificate No. ------------- --------------- and irrevocably appoints __________________________________ Name: its agent and attorney-in-fact to transfer all or any part of such capital stock and to take all necessary and appropriate action to effect any such transfer. The agent and attorney-in-fact may substitute and appoint one or more persons to act for him. The effectiveness of a transfer pursuant to this stock power shall be subject to any and all transfer restrictions referenced on the face of the certificates evidencing such interest or in the certificate of incorporation or bylaws of the subject corporation, to the extent they may from time to time exist. ____________________________ Title: ___________________________ MEADOW CREST, INC., a Pennsylvania corporation By: ______________________________ Name: ____________________________ Title: ___________________________ OAK HILL HOME OF REST AND CARE, INC., a Pennsylvania corporation By: _:_____________________________ Name: _:___________________________ Title: _:__________________________ EXTENDICARE GREAT TRAILExhibit 1.1B FORM OF SECURITY AGREEMENT THIS SECURITY AGREEMENT (this "Security Agreement") is entered into as of May 18, 1998 among ▇▇▇▇▇▇ AMERICAN CORP., a Delaware corporation (the "Borrower"), ▇▇▇▇▇▇ AMERICAN INVESTMENT CORP., a Delaware corporation (the "Parent"), ▇▇▇▇▇▇ AMERICAN GROUP, INC., a Delaware corporation By: ______________________________ Name: ____________________________ Title: ___________________________ 190 ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇VALESCENT CENTER("Interco"), INCand certain other direct and indirect Subsidiaries of the Parent (together with the Parent and Interco, individually a "Guarantor", and collectively the "Guarantors"; together with the Borrower, individually an "Obligor", and collectively the "Obligors") and NATIONSBANK, N.A., in its capacity as agent (in such capacity, the "Agent") for the Lenders from time to time party to the Credit Agreement described below (the "Lenders")., a Washington corporation By: ______________________________ Name: ____________________________ Title: ___________________________ UNITED PROFESSIONAL SERVICES, INC., a Wisconsin corporation By: ______________________________ Name: ____________________________ Title: ___________________________ ARBOR HEALTH CARE COMPANY, a Delaware corporation By: ______________________________ Name: ____________________________ Title: ___________________________ ADULT SERVICES UNLIMITED, INC., a Pennsylvania corporation By: ______________________________ Name: ____________________________ Title: ___________________________ ALTERNACARE PLUS ENTERPRISES, INC., an Ohio corporation By: ______________________________ Name: ____________________________ Title: ___________________________ ARBORS EAST, INC., an Ohio corporation By: ______________________________ Name: ____________________________ Title: ___________________________ 191 ARBORS AT FT. WAYN▇, ▇▇C., an Indiana corporation By: ______________________________ Name: ____________________________ Title: ___________________________ ARBORS AT TOLEDO, INC., an Ohio corporation By: ______________________________ Name: ____________________________ Title: ___________________________ BAY GERIATRIC PHARMACY, INC., a Florida corporation By: ______________________________ Name: ____________________________ Title: ___________________________ THE DRUGGIST, INC., an Ohio corporation By: ______________________________ Name: ____________________________ Title: ___________________________ HEALTH POCONOS, INC., a Pennsylvania corporation By: ______________________________ Name: ____________________________ Title: ___________________________ HOME CARE PHARMACY, INC. OF FLORIDA, a Florida corporation By: ______________________________ Name: ____________________________ Title: ___________________________ 192 MARS▇▇▇▇ ▇▇▇PERTIES, INC., an Ohio corporation By: ______________________________ Name: ____________________________ Title: ___________________________ By: ______________________________ Name: ____________________________ Title: ___________________________ POLY-STAT SUPPLY CORPORATION, an Ohio corporation By: ______________________________ Name: ____________________________ Title: ___________________________
Appears in 1 contract
Joint and Several Obligations of Pledgors. (a) Each of the Pledgors is accepting joint and several liability hereunder in consideration of the financial accommodation to be provided by the Lenders under the Credit Agreement, for the mutual benefit, directly and indirectly, of each of the Pledgors and in consideration of the undertakings of each of the Pledgors to accept joint and several liability for the obligations of each of them.
(b) Each of the Pledgors jointly and severally hereby irrevocably and unconditionally accepts, not merely as a surety but also as a co-debtor, joint and several liability with the other Pledgors with respect to the payment and performance of all of the Pledgor Obligations arising under this Pledge Agreement, the other Credit Documents and the Hedging AgreementsAgreements between any Credit Party and any Lender, it being the intention of the parties hereto that all the Pledgor Obligations shall be the joint and several obligations of each of the Pledgors without preferences or distinction among them.
(c) Notwithstanding any provision to the contrary contained herein or in any other of the Credit Documents, to the extent the obligations of a Guarantor Pledgor shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of each Guarantor such Pledgor hereunder shall be limited to the maximum amount that is permissible under applicable law (whether federal or state and including, without limitation, the Bankruptcy Code). Each of the parties hereto has caused a counterpart of this Pledge Agreement to be duly executed and delivered as of the date first above written. BORROWERBORROWERS: EXTENDICARE HEALTH SERVICESPACKAGING DYNAMICS, INC.L.L.C., a Delaware corporation --------- By: :_________________________________ Name: :_______________________________ Title: :______________________________ GUARANTORS: EXTENDICARE HOLDINGSINTERNATIONAL CONVERTER, INC.. (f/k/a CB Acquisition, a Wisconsin corporation Inc.) By: :_________________________________ Name: :_______________________________ Title: :______________________________ EXTENDICARE HEALTH FACILITY GUARANTORS: PACKAGING HOLDINGS, INC., a Delaware corporation L.L.C. ---------- By: :_________________________________ Name: :_______________________________ Title: :______________________________ EXTENDICARE HEALTH FACILITIESBAGCRAFT PACKAGING, INC.L.L.C. (f/k/a Bagcraft Acquisition, a Wisconsin corporation L.L.C.) By: :_________________________________ Name: :_______________________________ Title: :______________________________ COVENTRY CAREIPMC ACQUISITION, INC., a Pennsylvania corporation L.L.C. By: :_________________________________ Name: :_______________________________ Title: :______________________________ 188 NORTHERN HEALTH FACILITIESAccepted and agreed to as of the date first above written. BANK OF AMERICA, INC.N.A., a Delaware corporation national banking association, formerly known as NationsBank, N.A., as Agent By: :______________________________ Name: :____________________________ Title: :___________________________ EXTENDICARE HOMES, INC., a Delaware corporation By: Schedule 2(a) ------------- to Pledge Agreement dated as of July ___, 1999 in favor of Bank of America, N.A. as Agent PLEDGED CAPITAL STOCK --------------------- Pledgor: PACKAGING DYNAMICS, L.L.C. Name of Number of Certificate [_] Percentage Percentage Subsidiary [_] Shares Number Ownership [_] Pledged ---------- ------ ------ --------- ------- International Converter, Inc. 100% 100% Exhibit 4(a) ------------ to Pledge Agreement dated as of July ___________________________ Name: ____________________________ Title: ___________________________ UNITED PROFESSIONAL COMPANIES, INC.1999 in favor of Bank of America, a Delaware corporation By: ______________________________ Name: ____________________________ Title: ___________________________ THE PROGRESSIVE STEP CORPORATION, a Wisconsin corporation By: ______________________________ Name: ____________________________ Title: ___________________________ EXTENDICARE OF INDIANA, INC., a Delaware corporation By: ______________________________ Name: ____________________________ Title: ___________________________ UNITED REHABILITATION SERVICES, INC., a Wisconsin corporation By: ______________________________ Name: ____________________________ Title: ___________________________ 189 EDGEWOOD NURSING CENTER, INC., a Pennsylvania corporation By: ______________________________ Name: ____________________________ Title: ___________________________ ELDER CREST, INC., a Pennsylvania corporation By: ______________________________ Name: ____________________________ Title: ___________________________ HAVEN CREST, INC., a Pennsylvania corporation By: ______________________________ Name: ____________________________ Title: ___________________________ MEADOW CREST, INC., a Pennsylvania corporation By: ______________________________ Name: ____________________________ Title: ___________________________ OAK HILL HOME OF REST AND CARE, INC., a Pennsylvania corporation By: ______________________________ Name: ____________________________ Title: ___________________________ EXTENDICARE GREAT TRAIL, INC., a Delaware corporation By: ______________________________ Name: ____________________________ Title: ___________________________ 190 ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇VALESCENT CENTER, INC., a Washington corporation By: ______________________________ Name: ____________________________ Title: ___________________________ UNITED PROFESSIONAL SERVICES, INC., a Wisconsin corporation By: ______________________________ Name: ____________________________ Title: ___________________________ ARBOR HEALTH CARE COMPANY, a Delaware corporation By: ______________________________ Name: ____________________________ Title: ___________________________ ADULT SERVICES UNLIMITED, INC., a Pennsylvania corporation By: ______________________________ Name: ____________________________ Title: ___________________________ ALTERNACARE PLUS ENTERPRISES, INC., an Ohio corporation By: ______________________________ Name: ____________________________ Title: ___________________________ ARBORS EAST, INC., an Ohio corporation By: ______________________________ Name: ____________________________ Title: ___________________________ 191 ARBORS AT FT. WAYN▇, ▇▇C., an Indiana corporation By: ______________________________ Name: ____________________________ Title: ___________________________ ARBORS AT TOLEDO, INC., an Ohio corporation By: ______________________________ Name: ____________________________ Title: ___________________________ BAY GERIATRIC PHARMACY, INC., a Florida corporation By: ______________________________ Name: ____________________________ Title: ___________________________ THE DRUGGIST, INC., an Ohio corporation By: ______________________________ Name: ____________________________ Title: ___________________________ HEALTH POCONOS, INC., a Pennsylvania corporation By: ______________________________ Name: ____________________________ Title: ___________________________ HOME CARE PHARMACY, INC. OF FLORIDA, a Florida corporation By: ______________________________ Name: ____________________________ Title: ___________________________ 192 MARS▇▇▇▇ ▇▇▇PERTIES, INC., an Ohio corporation By: ______________________________ Name: ____________________________ Title: ___________________________ By: ______________________________ Name: ____________________________ Title: ___________________________ POLY-STAT SUPPLY CORPORATION, an Ohio corporation By: ______________________________ Name: ____________________________ Title: ___________________________N.A.
Appears in 1 contract
Joint and Several Obligations of Pledgors. (a) Each of the Pledgors is accepting joint and several liability hereunder in consideration of the financial accommodation to be provided by the Lenders under the Credit Agreement, for the mutual benefit, directly and indirectly, of each of the Pledgors and in consideration of the undertakings of each of the Pledgors to accept joint and several liability for the obligations of each of them.
(b) Each of the Pledgors jointly and severally hereby irrevocably and unconditionally accepts, not merely as a surety but also as a co-debtor, joint and several liability with the other Pledgors with respect to the payment and performance of all of the Pledgor Obligations arising under this Pledge Agreement, the other Credit Documents and the Hedging AgreementsAgreements between any Pledgor and any Lender, or any Affiliate of a Lender, it being the intention of the parties hereto that all the Pledgor Obligations shall be the joint and several obligations of each of the Pledgors without preferences or distinction among them.
(c) Notwithstanding any provision to the contrary contained herein or herein, in any other of the Credit DocumentsDocuments or in any Hedging Agreement between any Pledgor and any Lender, to the extent the obligations or any Affiliate of a Guarantor shall be adjudicated to be invalid or unenforceable for any reason (includingLender, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of each Guarantor hereunder under the Credit Agreement and the other Credit Documents shall be limited to an aggregate amount equal to the maximum largest amount that is permissible would not render such obligations subject to avoidance under applicable law (whether federal or state and including, without limitation, Section 548 of the Bankruptcy Code). Each Code or any comparable provisions of the parties hereto has caused a counterpart of this Pledge Agreement to be duly executed and delivered as of the date first above writtenany applicable state law. BORROWER: EXTENDICARE HEALTH SERVICESMODTECH HOLDINGS, INC., a Delaware corporation . By: :_________________________________________ Name: :_______________________________________ Title: :______________________________________ GUARANTORS: EXTENDICARE HOLDINGSMODTECH, INC., a Wisconsin corporation . By: :_________________________________________ Name: :_______________________________________ Title: :______________________________________ EXTENDICARE HEALTH FACILITY SPI HOLDINGS, INC., a Delaware corporation . By: :_________________________________________ Name: :_______________________________________ Title: :______________________________________ EXTENDICARE HEALTH FACILITIESSPI MANUFACTURING, INC., a Wisconsin corporation . By: :_________________________________________ Name: :_______________________________________ Title: :______________________________________ COVENTRY CAREOFFICE MASTER OF TEXAS, INC., a Pennsylvania corporation . By: :_________________________________________ Name: :_______________________________________ Title: :______________________________________ 188 NORTHERN HEALTH FACILITIESROSEWOOD ENTERPRISES, INC., a Delaware corporation . By: :_________________________________________ Name: :_______________________________________ Title: :______________________________________ EXTENDICARE HOMES15 171 TRAC MODULAR MANUFACTURING, INC., a Delaware corporation . By: :_________________________________________ Name: :_______________________________________ Title: :______________________________________ UNITED PROFESSIONAL COMPANIESA SPACE, INC., a Delaware corporation . By: :_________________________________________ Name: :_______________________________________ Title: :______________________________________ THE PROGRESSIVE STEP CORPORATIONAccepted and agreed to as of the date first above written. NATIONSBANK, a Wisconsin corporation N.A., as Administrative Agent By: :_________________________________________ Name:_______________________ Title:______________________ to Pledge Agreement dated as of February 16, 1999 in favor of NationsBank, N.A. as Administrative Agent PLEDGED STOCK PLEDGOR: Modtech Holdings, Inc. Name of Subsidiary Number of Shares Certificate Number Percentage Ownership ------------------ ---------------- ------------------ -------------------- Modtech, Inc. 100% SPI Holdings, Inc. 100% PLEDGOR: Modtech, Inc. Name of Subsidiary Number of Shares Certificate Number Percentage Ownership ------------------ ---------------- ------------------ -------------------- A Space, Inc. 100% Trac Modular Manufacturing, Inc. 80% PLEDGOR: SPI Holdings, Inc. Name of Subsidiary Number of Shares Certificate Number Percentage Ownership ------------------ ---------------- ------------------ -------------------- SPI Manufacturing, Inc. 100% PLEDGOR: SPI Manufacturing, Inc. Name of Subsidiary Number of Shares Certificate Number Percentage Ownership ------------------ ---------------- ------------------ -------------------- Office Master of Texas, Inc. 100% Rosewood Enterprises, Inc. 100% 18 174 Exhibit 4(a) to Pledge Agreement dated as of February 16, 1999 in favor of NationsBank, N.A. as Administrative Agent Irrevocable Stock Power FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers to the following shares of capital stock of _____________________, a ____________ corporation: No. of Shares Certificate No. ------------- --------------- and irrevocably appoints __________________________________ Title: its agent and attorney-in-fact to transfer all or any part of such capital stock and to take all necessary and appropriate action to effect any such transfer. The agent and attorney-in-fact may substitute and appoint one or more persons to act for him. ____________________________________________ EXTENDICARE OF INDIANA, INC., a Delaware corporation By: :_________________________________________ Name: :____________________________ Title: ___________________________ UNITED REHABILITATION SERVICES, INC., a Wisconsin corporation By: ______________________________ Name: Title:____________________________ Title: ___________________________ 189 EDGEWOOD NURSING CENTER, INC., a Pennsylvania corporation By: ______________________________ Name: ____________________________ Title: ___________________________ ELDER CRESTFORM OF SECURITY AGREEMENT THIS SECURITY AGREEMENT (this "Security Agreement") is entered into as of February 16, INC., a Pennsylvania corporation By: ______________________________ Name: ____________________________ Title: ___________________________ HAVEN CREST, INC., a Pennsylvania corporation By: ______________________________ Name: ____________________________ Title: ___________________________ MEADOW CREST, INC., a Pennsylvania corporation By: ______________________________ Name: ____________________________ Title: ___________________________ OAK HILL HOME OF REST AND CARE, INC., a Pennsylvania corporation By: ______________________________ Name: ____________________________ Title: ___________________________ EXTENDICARE GREAT TRAIL1999 among MODTECH HOLDINGS, INC., a Delaware corporation By: ______________________________ Name: ____________________________ Title: ___________________________ 190 ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇VALESCENT CENTER(the "Borrower"), INCcertain Subsidiaries of the Borrower (individually a "Guarantor" and collectively the "Guarantors"; together with the Borrower, individually an "Obligor", and collectively the "Obligors") and NATIONSBANK, N.A., in its capacity as administrative agent (in such capacity, the "Administrative Agent") for the lenders from time to time party to the Credit Agreement described below (the "Lenders")., a Washington corporation By: ______________________________ Name: ____________________________ Title: ___________________________ UNITED PROFESSIONAL SERVICES, INC., a Wisconsin corporation By: ______________________________ Name: ____________________________ Title: ___________________________ ARBOR HEALTH CARE COMPANY, a Delaware corporation By: ______________________________ Name: ____________________________ Title: ___________________________ ADULT SERVICES UNLIMITED, INC., a Pennsylvania corporation By: ______________________________ Name: ____________________________ Title: ___________________________ ALTERNACARE PLUS ENTERPRISES, INC., an Ohio corporation By: ______________________________ Name: ____________________________ Title: ___________________________ ARBORS EAST, INC., an Ohio corporation By: ______________________________ Name: ____________________________ Title: ___________________________ 191 ARBORS AT FT. WAYN▇, ▇▇C., an Indiana corporation By: ______________________________ Name: ____________________________ Title: ___________________________ ARBORS AT TOLEDO, INC., an Ohio corporation By: ______________________________ Name: ____________________________ Title: ___________________________ BAY GERIATRIC PHARMACY, INC., a Florida corporation By: ______________________________ Name: ____________________________ Title: ___________________________ THE DRUGGIST, INC., an Ohio corporation By: ______________________________ Name: ____________________________ Title: ___________________________ HEALTH POCONOS, INC., a Pennsylvania corporation By: ______________________________ Name: ____________________________ Title: ___________________________ HOME CARE PHARMACY, INC. OF FLORIDA, a Florida corporation By: ______________________________ Name: ____________________________ Title: ___________________________ 192 MARS▇▇▇▇ ▇▇▇PERTIES, INC., an Ohio corporation By: ______________________________ Name: ____________________________ Title: ___________________________ By: ______________________________ Name: ____________________________ Title: ___________________________ POLY-STAT SUPPLY CORPORATION, an Ohio corporation By: ______________________________ Name: ____________________________ Title: ___________________________
Appears in 1 contract