Common use of Proposal Letter Clause in Contracts

Proposal Letter. The Borrower shall have delivered, performed and satisfied, in the sole discretion of the Administrative Agent, any other items set forth in that certain proposal letter dated January 11, 2013, accepted by Guarantor on behalf of Borrower and made in favor of the Administrative Agent.

Appears in 2 contracts

Sources: Term Loan and Security Agreement (Diversicare Healthcare Services, Inc.), Term Loan and Security Agreement (Diversicare Healthcare Services, Inc.)

Proposal Letter. The Borrower shall have delivered, performed and satisfied, in the sole discretion of the Administrative Agent, any other items set forth in that certain proposal letter dated January 11November 10, 20132010, accepted by Guarantor on behalf of Borrower and made in favor of the Administrative Agent.

Appears in 1 contract

Sources: Term Loan and Security Agreement (Advocat Inc)