Document:

Second Supplemental Indenture dated as of Nov 5, 2004

 

SECOND SUPPLEMENTAL INDENTURE

THIS SECOND SUPPLEMENTAL INDENTURE (the "Second Supplemental Indenture") is dated as of November 5, 2004, among OMEGA HEALTHCARE INVESTORS, INC., a Maryland corporation (the "Issuer"), each of the SUBSIDIARY GUARANTORS listed on Schedule I hereto (the "Subsidiary Guarantors"), OHI ASSET (OH) NEW PHILADELPHIA, LLC, a Delaware limited liability company and wholly owned subsidiary of the Issuer ("OHI New Philadelphia"), OHI ASSET (OH) LENDER, LLC, a Delaware limited liability company and wholly owned subsidiary of the Issuer ("OHI Lender"), OHI ASSET (PA) TRUST, a Maryland business trust and wholly owned subsidiary of the Issuer ("OHI Trust", and together with OHI New Philadelphia and OHI Lender, the "Acquired Subs") and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, as trustee (the "Trustee"). 

W I T N E S S E T H :

WHEREAS, the Issuer and the Subsidiary Guarantors have heretofore executed and delivered to the Trustee an Indenture, dated as of March 22, 2004 (as amended by the First Supplemental Indenture dated July 20, 2004, the "Indenture"), providing for the issuance of the Issuer’s 7% Senior Notes due 2014 (the "Notes");

WHEREAS, Section 9.01 of the Indenture authorizes the Issuer, the Subsidiary Guarantors and the Trustee, together, to amend or supplement the Indenture, without notice to or consent of any Holder of the Notes, in order to make any change that would not materially adversely affect the rights of any Holder of the Notes;

WHEREAS, the Issuer has recently created or acquired, as appropriate, the Acquired Subs;

WHEREAS, in Section 1.01 of the Indenture the term "Subsidiary Guarantor" is defined to include all Persons that become a Subsidiary Guarantor by the terms of the Indenture after the Closing Date;

WHEREAS, Section 10.01 of the Indenture provides that each Subsidiary Guarantor shall be a guarantor of the Issuer’s obligations under the Notes, subject to the terms and conditions described in the Indenture;

WHEREAS, Section 4.03 of the Indenture provides that the Issuer shall not be required to maintain the existence of any Restricted Subsidiary if the preservation thereof is no longer desirable in the conduct of the business of the Issuer and its Restricted Subsidiaries, taken as a whole, and the loss thereof is not adverse in any material respect to the Holders of the Notes;

WHEREAS,    Care Holdings, Inc. ("Care Holdings"), a Restricted Subsidiary under the Indenture, is an entity that currently has no holdings or property owned, and did not have any holdings or properties owned as of the date of the execution and delivery of the Indenture, and was dissolved under the laws of the State of Maryland, effective as of June 1, 2004;

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Issuer, the Subsidiary Guarantors, the Acquired Subs and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:

1.  CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

2.  RELEASE OF CARE HOLDINGS. Care Holdings is hereby released as a Subsidiary Guarantor under the Indenture as a result of the dissolution thereof. 

3.  AGREEMENT TO GUARANTEE. The Acquired Subs hereby agree, jointly and severally with all other Subsidiary Guarantors, to guarantee the Issuer’s obligations under the Notes on the terms and subject to the conditions set forth in the Indenture, and to be bound by, and to receive the benefit of, all other applicable provisions of the Indenture as a Subsidiary Guarantor. Such guarantees shall be evidenced by the respective Acquired Subs’ execution of Subsidiary Guarantees, the form of which is attached as Exhibit E to the Indenture, and shall be effective as of November 5, 2004. 

4.  NO RECOURSE AGAINST OTHERS. No past, present or future director, officer, employee, partner, affiliate, beneficiary or stockholder of the Acquired Subs, as such, shall have any liability for any obligations of the Issuer or any Subsidiary Guarantor under the Notes, any Guarantees, the Indenture or this Second Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.

5.  NEW YORK LAW TO GOVERN. The laws of the State of New York shall govern and be used to construe this Second Supplemental Indenture.

6.  COUNTERPARTS. The parties may sign any number of copies of this Second Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.

7.  EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect the construction hereof.

8.  THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Second Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Issuer, the Subsidiary Guarantors and the Acquired Subs.

[Remainder of Page Intentionally Left Blank]

	
    

 

	 	 	 
	

	 

IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be duly executed and attested, all as of the date first above written.

OMEGA HEALTHCARE INVESTORS, INC.

By:       

Name: C. Taylor Pickett

Title: President and Chief Executive Officer

    

                                On behalf of each Subsidiary Guarantor named on the attached Schedule I

 

                                By:    

Name: C. Taylor Pickett

Title: President and Chief Executive Officer

 

                   OHI Asset (OH) New Philadelphia, LLC    

By:    

Name: C. Taylor Pickett

Title: President and Chief Executive Officer

OHI Asset (OH) Lender, LLC    

By:    

Name: C. Taylor Pickett

Title: President and Chief Executive Officer

                

                                OHI Asset (PA) Trust    

By:    

Name: C. Taylor Pickett

Title: President and Chief Executive Officer

[Signatures continued on next page]

U.S. BANK NATIONAL ASSOCIATION, 

as Trustee

By:    

Name: 

Title: 

	
 

	 	 	 
	

	 

Schedule I

SUBSIDIARY GUARANTORS

	
    

	 	 	 
	

	 

	
Omega Healthcare Investors, Inc.

	
Arizona Lessor - Infinia, Inc. 

	
Bayside Alabama Healthcare Second, Inc.

	
Bayside Arizona Healthcare Associates, Inc.

	
Bayside Arizona Healthcare Second, Inc.

	
Bayside Colorado Healthcare Associates, Inc.

	
Bayside Colorado Healthcare Second, Inc.

	
Bayside Indiana Healthcare Associates, Inc.

	
Bayside Street II, Inc.

	
Bayside Street, Inc.

	
Care Holdings, Inc * Entity dissolved on June 1, 2004.

	
Center Healthcare Associates, Inc.

	
Cherry Street - Skilled Nursing, Inc.

	
Colorado Lessor - Conifer, Inc. 

	
Dallas Skilled Nursing, Inc.

	
Delta Investors I, LLC 

	
Delta Investors II, LLC 

	
Florida Lessor - Crystal Springs, Inc. 

	
Florida Lessor - Emerald, Inc. 

	
Florida Lessor - Five Facilities, Inc. 

	
Florida Lessor - Lakeland, Inc.

	
Florida Lessor - Meadowview, Inc. 

	
Florida Lessor - West Palm Beach and 

Southpoint, Inc.

	
Georgia Lessor - Bonterra/Parkview, Inc. 

	
Heritage Texarkana Healthcare Associates, Inc.

	
Indiana Lessor - Jeffersonville, Inc. 

	
Indiana Lessor - Wellington Manor, Inc. 

	
Jefferson Clark, Inc.

	
Lake Park Skilled Nursing, Inc.

	
Long Term Care - Michigan, Inc.

	
Long Term Care - North Carolina, Inc.

	
Long Term Care Associates - Illinois, Inc. 

	
Long Term Care Associates - Indiana, Inc.

	
Long Term Care Associates - Texas, Inc. 

	
NRS Ventures, LLC 

	
OHI (Connecticut), Inc.

	
OHI (Florida), Inc. 

	
OHI (Illinois), Inc. 

	
OHI (Indiana), Inc. 

	
OHI (Iowa), Inc. 

	
OHI (Kansas), Inc.

	
OHI Asset (CA), LLC 

	
OHI Asset (PA), LLC (f/k/a OHI Asset (FL) Tarpon Springs, Pinellas Park & Gainesville, LLC)

	
OHI Asset (FL), LLC 

	
OHI Asset (ID), LLC 

	
OHI Asset (IN), LLC

	
OHI Asset (LA), LLC 

	
OHI Asset (MI/NC), LLC 

	
OHI Asset (MO), LLC 

	
OHI Asset (OH), LLC 

	
OHI Asset (TX), LLC 

	
OHI Asset II (CA), LLC 

	
OHI Asset II (TX), LLC

	
OHI Asset, LLC 

	
Ohio Lessor Waterford & Crestwood, Inc. 

	
OHI of Kentucky, Inc.

	
OHI of Texas, Inc.

	
OHI Sunshine, Inc. 

	
OHIMA, Inc. 

	
Omega (Kansas), Inc. 

	
Omega Acquisition Facility I, LLC 

	
Omega TRS I, Inc. 

	
OS Leasing Company

	
Parkview - Skilled Nursing, Inc.

	
Pine Texarkana Healthcare Associates, Inc.

	
Reunion Texarkana Healthcare Associates, Inc.

	
San Augustine Healthcare Associates, Inc.

	
Skilled Nursing - Gaston, Inc.

	
Skilled Nursing - Herrin, Inc. 

	
Skilled Nursing - Hicksville, Inc.

	
Skilled Nursing - Paris, Inc.

	
South Athens Healthcare Associates, Inc.

	
Sterling Acquisition Corp. 

	
Sterling Acquisition Corp. II

	
Texas Lessor - Stonegate GP, Inc. 

	
Texas Lessor - Stonegate Limited, Inc. 

	
Texas Lessor - Stonegate, L.P. 

	
Texas Lessor - Treemont, Inc. 

	
Washington Lessor - Silverdale, Inc. 

	
Waxahachie Healthcare Associates, Inc.

	
West Athens Healthcare Associates, Inc.EXHIBIT 10.37 

Comerica 

FIRST MODIFICATION
TO BUSINESS LOAN AGREEMENT 

        The
First Modification to Business Loan Agreement (this “Modification”) is entered into by
and between ABAXIS, INC. (“Borrower”) and COMERICA BANK (“Bank”) as of this 15th day of
September, 2004, at San Jose, California.  

RECITALS  

        This
Modification is entered into upon the basis of the following facts and understandings of
the parties, which facts and understandings are acknowledged by the parties to be true
and accurate: 

        Bank
and Borrower previously entered into a Business Loan Agreement dated September 8, 2003.
The Business Loan Agreement as so modified, and as such may be otherwise modified,
amended, restated, supplemented, revised or replaced from time to time prior to the date
hereof shall collectively be referred to herein as the “Agreement.”  

        NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties agree as set forth below. 

AGREEMENT  

        1.
Incorporation by Reference. The Recitals and the documents referred to therein are
incorporated herein by this reference. Except as otherwise noted, the terms not defined
herein shall have the meaning set forth in the Agreement.  

        2.
Modification to the Agreement. Subject to the satisfaction of the conditions precedent as
set forth in Section 3 hereof, the Agreement is hereby modified as set forth below.  

	  	        A.
Section 2(d) of Addendum A to Business Loan Agreement is hereby deleted in its entirety
and replaced with the following: 

	  	        “2(d)
A Quick Ratio of not less than 2.00:1.00.” 

        3.
Legal Effect.  

	  	        a.
Except as specifically set forth in this Modification, all          of the terms and
conditions of the Agreement remain in full force and          effect. Except as expressly
set forth herein, the execution, delivery          and performance of this Modification
shall not operate as a waiver of,          or as an amendment of, any right, power, or
remedy of Bank under the          Agreement, as in effect prior to the date hereof.
Borrower ratifies and          reaffirms the continuing effectiveness of all promissory
notes,          guaranties, security agreements, mortgages, deeds of trust,
         environmental agreements, and all other instruments, documents and
         agreements entered into in connection with the Agreement. 

	  	        b.
Borrower represents and warrants that each of the          representations and warranties
contained in the Agreement are true and          correct as of the date of this
Modification, and that no Event of          Default has occurred and is continuing. 

	  	        c.
The effectiveness of this Modification and each of the          documents, instruments
and agreements entered into in connection with          this Modification is conditioned
upon receipt by Bank of this          Modification and any other documents which Bank may
require to carry          out the terms hereof. 

        4.
Miscellaneous Provisions.  

	  	        a.
This is an integrated Modification and supersedes all prior          negotiations and
agreements regarding the subject matter hereof. All          amendments hereto must be in
writing and signed by the parties. 

	  	        b.
This Modification may be executed in two or more          counterparts, each of which
shall be deemed an original, but all of          which together shall constitute one
instrument. 

IN WITNESS WHEREOF, the parties have
agreed as of the date first set forth above. 

	ABAXIS, INC.	COMERICA BANK
	 	 
	By:  /s/ Alberto Santa Ines
      

    	By:  /s/ Katherine G. Lauerman
      

    
	Title:  CFO	Katherine G. Lauerman 

                                                                       Corporate Banking
Officer-Western Division

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00073-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00073-of-00352.parquet"}]]