SEC Contract Filing

Filing Date: 2019-02-28

Document Content:
<DOCUMENT>
<TYPE>EX-10.29
<SEQUENCE>2
<FILENAME>dvcrex1029secondamendedand.htm
<DESCRIPTION>EXHIBIT 10.29
<TEXT>
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<div><a name="s3FCDA09D18CB39E2946C30504EDCD2AC"></a></div><div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">SECOND AMENDED AND RESTATED GUARANTY</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">(REVOLVING LOANS)</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">THIS SECOND AMENDED AND RESTATED GUARANTY </font><font style="font-family:inherit;font-size:12pt;">(&#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Guaranty</font><font style="font-family:inherit;font-size:12pt;">&#8221;) dated as of February 26, 2016, by </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">DIVERSICARE HEALTHCARE SERVICES, INC.</font><font style="font-family:inherit;font-size:12pt;">, a Delaware corporation (&#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Guarantor</font><font style="font-family:inherit;font-size:12pt;">&#8221;), is to and for the benefit of </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">THE PRIVATEBANK AND TRUST COMPANY</font><font style="font-family:inherit;font-size:12pt;">, an Illinois banking corporation in its capacity as administrative agent for the Lenders identified below (together with its successors and assigns, the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Administrative Agent</font><font style="font-family:inherit;font-size:12pt;">&#8221;).</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">R E C I T A L S:</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:16px;text-align:justify;text-indent:48px;"><font style="padding-bottom:16px;text-align:justify;font-family:inherit;font-size:12pt;color:#010000;padding-right:48px;">A.</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">DIVERSICARE MANAGEMENT SERVICES CO.</font><font style="font-family:inherit;font-size:12pt;">, a Tennessee corporation, (together with each (i) of the other direct and indirect subsidiaries of Guarantor identified on Schedule 1.1(a) of the Loan Agreement (as defined below) as borrowers thereunder and (ii) additional borrowers from time to time party to the Loan Agreement (whether pursuant to an amendment, written joinder or otherwise), individually and collectively referred to herein as, &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Borrower</font><font style="font-family:inherit;font-size:12pt;">&#8221;, has requested that the Administrative Agent on behalf of the Lenders make certain revolving loans (individually and collectively, the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Loan</font><font style="font-family:inherit;font-size:12pt;">&#8221;) to Borrower pursuant to and in accordance with that certain Third Amended and Restated Revolving Loan and Security Agreement dated of even date herewith by and among Borrower, the lenders party thereto (collectively, the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Lenders</font><font style="font-family:inherit;font-size:12pt;">&#8221;), and the Administrative Agent (as the same may be amended, supplemented, amended and restated or otherwise modified from time to time, the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Loan Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;); capitalized terms used but not defined herein shall have the meanings ascribed thereto in the Loan Agreement.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;color:#010000;">B.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">As security for repayment of the Loan, in addition to this Guaranty, certain other loan and security documents have been executed and delivered to the Administrative Agent. The Loan Agreement, the Revolving Credit Notes, the Pledge Agreements, the Blocked Account Agreement, this Guaranty, each other guaranty delivered in favor of the Administrative Agent on behalf of the Lenders in connection with the Loan Agreement, and any and all other instruments, agreements, and documents executed in conjunction herewith and therewith (including, without limitation, each of the &#8220;Financing Agreements&#8221; (as defined in the Loan Agreement)) are hereinafter sometimes collectively referred to herein as the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Loan Documents</font><font style="font-family:inherit;font-size:12pt;">.&#8221;</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;color:#010000;">C.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Guarantor and Borrower are Affiliates