EXHIBIT 10.2
AMENDMENT NO. 2 TO CERTAIN OPERATIVE AGREEMENTS
THIS AMENDMENT NO. 2 TO CERTAIN OPERATIVE AGREEMENTS dated as of March
28, 2003 (this "Amendment") is by and among PROVINCE HEALTHCARE COMPANY, a
Delaware corporation (the "Lessee" or the "Construction Agent"); the various
parties hereto from time to time as guarantors (subject to the definition of
Guarantors in Appendix A to the Participation Agreement (hereinafter defined),
individually, a "Guarantor" and collectively, the "Guarantors"); XXXXX FARGO
BANK NORTHWEST, NATIONAL ASSOCIATION, a national banking association, not
individually (in its individual capacity, the "Trust Company"), except as
expressly stated in the Operative Agreements, but solely as the Owner Trustee
under the PHC Real Estate Trust 1998-1 (the "Owner Trustee", the "Borrower" or
the "Lessor"); the various banks and other lending institutions which are
parties to this Amendment as lenders and/or as holders (collectively, the
"Majority Secured Parties"); and WACHOVIA BANK, NATIONAL ASSOCIATION (formerly
known as First Union National Bank), a national banking association, as the
agent for the Lenders and respecting the Security Documents, as the agent for
the Lenders and the Holders, to the extent of their interests (in such capacity,
the "Agent"). Capitalized terms used but not otherwise defined in this Amendment
shall have the meanings set forth in or pursuant to Appendix A to the
Participation Agreement (as defined below).
W I T N E S S E T H
WHEREAS, the parties to this Amendment are parties to that certain
Amended and Restated Participation Agreement dated as of November 13, 2001, as
amended by that certain Amendment No. 1 to Certain Operative Agreements dated as
of March 29, 2002 (as previously or hereinafter amended, modified, extended,
supplemented, restated and/or replaced from time to time, the "Participation
Agreement") and certain of the parties to this Amendment are parties to the
other Operative Agreements relating to a $40,267,991.82 lease facility (the
"Facility") that has been established in favor of the Lessee;
WHEREAS, the Lessee has requested certain modifications to the
Participation Agreement and certain of the other Operative Agreements in
connection with the Lessee's request for greater flexibility regarding its
rights to purchase Properties or to cause Properties to be sold;
WHEREAS, the Lessee has acknowledged that pricing for the transaction
evidenced by the Participation Agreement and the other Operative Agreements
shall be adjusted by modification to the definition of "Applicable Percentage";
WHEREAS, certain of the parties to this Amendment are parties to the
Lessee Credit Agreement;
WHEREAS, the parties to this Amendment have acknowledged and agreed
that certain amendments and consents provided on or about the date of this
Amendment with regard to the Lessee Credit Agreement shall also be effective for
purposes of amending the Participation Agreement and the other Operative
Agreements and providing consents thereunder;
WHEREAS, the parties to this Amendment have agreed to the terms and
conditions set forth herein;
NOW, THEREFORE, IN CONSIDERATION of the premises and other good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties agree as follows:
ARTICLE I
AMENDMENTS
1.1 Defined Terms.
(a) In Appendix A to the Participation Agreement, the
definition of "Applicable Percentage" is hereby amended by deleting
such definition and replacing such definition with the following:
""Applicable Percentage" shall mean, at any time from and after the
Second Amendment Effective Date with respect to any ABR Loan, any
Eurodollar Loan, any ABR Holder Advance and any Eurodollar Holder
Advance, the applicable percentage as determined under the following
matrix with reference to the ratio of Consolidated Debt to Consolidated
EBITDA calculated as provided below:
Applicable Applicable Applicable
Ratio of Consolidated Applicable Percentage Percentage Percentage
Pricing Debt to Percentage (Eurodollar (ABR Holder (Eurodollar Holder
Level Consolidated EBITDA (ABR Loans) Loans) Advances) Advances)
------- --------------------- ----------- ----------- ----------- ------------------
Level I Greater than or equal to 1.75% 3.00% 2.50% 3.75%
3.5 to 1.0
Level II Less than 3.5 to 1.0 but 1.50% 2.75% 2.25% 3.50%
greater than or equal to
3.0 to 1.0
Level III Less than 3.0 to 1.0 but 1.25% 2.50% 2.00% 3.25%
greater than or equal to
2.5 to 1.0
Level IV Less than 2.5 to 1.0 but 1.00% 2.25% 1.75% 3.00%
greater than or equal to
2.0 to 1.0
Level V Less than 2.0 to 1.0, but 0.75% 2.00% 1.50% 2.75%
greater than or equal to
1.5 to 1.0
Level VI Less than 1.5 to 1.0 0.50% 1.75% 1.25% 2.50%
LE>
From the Second Amendment Effective Date until the fifth (5th)
Business Day after receipt by the Agent of the financial statements for
the fiscal quarter ending March 31, 2003 pursuant to Section 5.1(b) of
the Lessee Credit Agreement (together with a Compliance Certificate),
the Applicable Percentage shall be 3.00% for Eurodollar Loans, 1.75%
for ABR Loans, 3.75% for Eurodollar Holder Advances and 2.50% for ABR
Holder Advances. Subject to the preceding sentence, the Applicable
Percentages shall be reset from time to time in accordance with the
above matrix effective on the fifth (5th) Business Day after receipt by
the Agent in accordance with Sections 5.1(a) or (b) of the Lessee
Credit Agreement of financial statements together with a Compliance
Certificate attaching an Interest Rate Calculation Worksheet
(reflecting the computation of the ratio of Consolidated Debt to
Consolidated EBITDA as of the last day of the preceding fiscal quarter
or fiscal year, as appropriate) that provides for different Applicable
Percentages than those then in effect; provided, however, that,
notwithstanding the foregoing or anything else herein to the contrary,
if at any time the Lessee shall have failed to deliver the financial
statements and a Compliance Certificate as required by Section 5.1(a)
2
or Section 5.1(b) of the Lessee Credit Agreement, as the case may be,
and Section 5.1(d) of the Lessee Credit Agreement, then at the election
of the Majority Secured Parties, at all times from and including the
date on which such statements and Compliance Certificate are required
to have been delivered to the date on which the same shall have been
delivered, each Applicable Percentage shall be determined in accordance
with the above matrix as if the ratio of Consolidated Debt to
Consolidated EBITDA were greater than or equal to 3.5 to 1.0
(notwithstanding such actual ratio). For all periods prior to the
Second Amendment Effective Date, the "Applicable Percentage" shall have
the meaning given to such term in the Participation Agreement before
giving effect to the Second Amendment to Certain Operative Agreements
dated as of March 28, 2003, by and among the Lessee, the Guarantors,
the Owner Trustee, the Majority Secured Parties and the Agent."
(b) Appendix A to the Participation Agreement is hereby
amended to add the following definition in the appropriate alphabetical
order:
""Second Amendment Effective Date" shall mean March 28, 2003."
1.2 Flexibility Regarding Purchase Option and/or Sale Option.
Section 8.3(j) of the Participation Agreement is hereby amended by deleting such
Section and replacing such Section with the following:
"(j) Except as noted in the last sentence of this Section 8.3(j),
the Lessee may exercise its Purchase Option and/or Sale Option for each
Property on or prior to the Expiration Date to the extent any such
exercise of the Purchase Option and/or Sale Option complies with the
requirements of the Operative Agreements; provided, an Election Notice
is not required to satisfy the requirements pertaining to the
timeliness of delivery thereof if such Election Notice is otherwise
delivered to the Agent at such a time as is reasonably agreeable to the
Agent. Notwithstanding the foregoing, the parties hereto agree that the
Property described in Lease Supplement No. 4 (as such may be amended,
modified, extended, supplemented, restated and/or replaced from time to
time for any purpose including without limitation with regard to
Section 22.6 of the Lease) may be purchased pursuant to the Purchase
Option or sold pursuant to the Sale Option after or concurrent with
(but not before) such purchase or sale of all other Properties then
remaining under lease pursuant to the Lease, and after any such
purchase or sale of the Property described in Lease Supplement No. 4
(as such may be amended, modified, extended, supplemented, restated
and/or replaced from time to time for any purpose including without
limitation with regard to Section 22.6 of the Lease), no Property shall
remain under lease pursuant to the Lease."
1.3 References to First Union National Bank. All references in the
Operative Agreement to "First Union National Bank" are hereby amended by
deleting such references and replacing them with "Wachovia Bank, National
Association (formerly known as First Union National Bank)."
1.4 Amendment to Form of Compliance Certificate. Attachment B to
Exhibit L is hereby amended by deleting footnote 1 thereto.
1.5 Amendment to Lease Agreement.
(a) Section 20.1 of the Lease Agreement is hereby amended
by deleting at the beginning of such section the language "Not less
than one hundred twenty (120) days and no more than one hundred eighty
(180) days prior to any Payment Date or the Expiration Date" and
3
inserting in lieu thereof the language "Not less than thirty (30) days
prior to any Payment Date or the Expiration Date".
(b) Section 20.1 of the Lease Agreement is hereby amended
by the deleting in the fourth sentence of such section the language "If
Lessee does not give an Election Notice indicating the Purchase Option
or the Sale Option at least one hundred twenty (120) days and not more
than one hundred eighty days prior to the Expiration Date" and
inserting in lieu thereof the language "If Lessee does not give an
Election Notice indicating the Purchase Option or the Sale Option at
least thirty (30) days prior to the Expiration Date".
(c) The Lease Agreement is hereby amended by adding the
following Section 22.6 as follows:
"22.6 RELEASE OF A PORTION OF THE PROPERTY SUBJECT TO LEASE
SUPPLEMENT NO. 4.
By giving Lessor no less than twenty (20) days
written notice of Lessee's election, Lessee may request a
release from the Ground Lease regarding the Property subject
to Lease Supplement No. 4 with such release relating solely to
a medical office building (not financed pursuant to the
Operative Agreements) located on such Property. Lessor and the
Agent shall agree to such a release on the following terms and
conditions:
(a) such release of a portion of the
Property subject to Lease Supplement No. 4 and the
Property remaining subject to Lease Supplement No. 4
after such release shall each comply with all
applicable Laws;
(b) with respect to the Property
remaining subject to Lease Supplement No. 4 after
such release, Lessee shall comply with the following
provisions of the Participation Agreement (as if the
effective date of such release were a Property
Closing Date) unless waived by the Majority Secured
Parties: Sections 5.3(a), 5.3(b), 5.3(d), 5.3(f),
5.3(g), 5.3(i), 5.3(j), 5.3(m), 5.3(n), 5.3(p),
5.3(s), 5.3(w), 5.3(z) and 5.3(ii);
(c) the Property remaining subject to
Lease Supplement No. 4 after such release shall
continue to constitute an area with appropriate
easement and operating agreements such that the
value, utility and useful life thereof is not
diminished;
(d) the Property remaining subject to
Lease Supplement No. 4 after such release shall at
all times satisfy all of the terms and conditions of
the Operative Agreements;
(e) the Agent shall find satisfactory
all reciprocal easement agreements, operating
agreements and other such rights benefiting the
released portion of the subject Property to the
extent any of the foregoing constitute an impairment,
encroachment or any other limitation imposed on the
Property remaining subject to Lease Supplement No. 4
after such release;
(f) the Agent shall find satisfactory
all reciprocal easement agreements, operating
agreements and other such rights (as reserved)
benefiting the Property remaining subject to Lease
Supplement No. 4 after such release;
4
(g) all Rent and other amounts due and
payable by Lessee under any Operative Agreement shall
be paid on or prior to the effective date of such
release;
(h) no Lease Default or Lease Event of
Default shall have occurred and be continuing on the
effective date of such release; and
(i) Lessee shall pay, or cause to be
paid, all reasonable costs and expenses incurred by
any Financing Party in connection with any such
release.
Lessor and the Agent shall cause to be prepared and
shall execute and arrange for recordation of various partial
release documents, to the extent necessary, regarding Lease
Supplements, memoranda of the Lease Agreement and Lease
Supplements and other Security Documents regarding such
release. Lessor, the Agent and Lessee shall confer to insure
that the appropriate release documentation is prepared."
ARTICLE II
CONSENTS AND INSTRUCTION TO THE OWNER TRUSTEE
For purposes of Section 28.1 of the Lease, the Majority Secured Parties
and the Agent hereby consent and agree to the applicable provisions of the
Second Amendment to Credit Agreement and Consent dated as of March 28, 2003
(the "Second Amendment to Credit Agreement and Consent") by and among the
Lessee, the lenders which are party thereto and Wachovia Bank, National
Association, as agent for such lenders, which amendment relates to the Lessee
Credit Agreement. In addition, the Majority Secured Parties and the Agent hereby
instruct the Owner Trustee to execute this Amendment.
Specifically, but without limitation, the Majority Secured Parties and
the Agent hereby consent and agree to the applicable provisions of the Second
Amendment to Credit Agreement and Consent (including without limitation Articles
I and II thereof) which (a) modify any of the Incorporated Representations and
Warranties, the Incorporated Covenants and/or the Additional Incorporated Terms
and/or (b) provide for consents to certain matters whether or not any such
consent constitutes a modification as referenced in the foregoing subsection
(a). In addition and without the requirement to obtain any further consent from
the Lenders and/or the Holders, the Lessee may purchase or cause to be sold the
Properties in accordance with the Operative Agreements (including without
limitation Sections 8.3(j) and 8.8 of the Participation Agreement and Articles
XX and XXII of the Lease).
ARTICLE III
REPRESENTATIONS AND WARRANTIES
The Lessee hereby represents and warrants as follows:
3.1 Representations and Warranties. After giving effect to this
Amendment, each of the representations and warranties of the Lessee contained in
the Participation Agreement and in the other Operative Agreements is true and
correct on and as of the date hereof with the same effect as if made on and as
of the date hereof (except to the extent any such representation or warranty is
expressly stated to have been made as of a specific date, in which case such
representation or warranty is true and correct as of such date).
5
3.2 No Default. After giving effect to this Amendment, no Default
(other than a Credit Agreement Default) or Event of Default (other than a Credit
Agreement Event of Default) has occurred and is continuing.
3.3 Enforceability. This Amendment has been duly executed and
delivered by the Lessee and constitutes the Lessee's legal, valid and binding
obligation, enforceable in accordance with its terms, except as such
enforceability may be limited (x) by general principles of equity and conflicts
of laws or (y) by bankruptcy, reorganization, insolvency, moratorium or other
laws of general application relating to or affecting the enforcement, of
creditors' rights.
3.4 No Conflicts. No consent, approval, authorization or order of,
or filing, registration or qualification with, any court or governmental
authority or third party is required in connection with the execution, delivery
or performance by the Lessee of this Amendment
3.5 Obligations. The execution and delivery of this Amendment does
not diminish or reduce the Lessee's obligations under the Operative Agreements,
except as expressly modified by this Amendment.
3.6 No Claims. The Lessee has no claims, counterclaims, offsets or
defenses to the Operative Agreements and the performance of its obligations
thereunder, or if the Lessee has any such claims, counterclaims, offsets, or
defenses to the Operative Agreements or any transaction related to the Operative
Agreements, the same are hereby waived, relinquished and released in
consideration of the Majority Secured Parties' execution and delivery of this
Amendment.
ARTICLE IV
CONDITIONS TO EFFECTIVENESS
The effectiveness of the amendments to the Operative Agreements and of
the consents set forth in this Amendment is subject to the satisfaction of the
following conditions:
4.1 Executed Amendment. This Amendment shall have been duly
executed and delivered by the Lessee, the Guarantors, the Owner Trustee, the
Majority Secured Parties and the Agent and shall be in full force and effect.
4.2 Second Amendment to Credit Agreement and Consent. The
conditions to effectiveness set forth in the Second Amendment to Credit
Agreement and Consent shall have been satisfied as required by the agent
thereunder. Additionally, the Agent shall have received an executed copy of the
Second Amendment to Credit Agreement and Consent consistent with this Amendment
and in form and substance satisfactory to the Agent.
4.3 Representations and Warranties; Officer's Certificate. The
following shall be true and the Agent shall have received a certificate, signed
by the chief executive officer or chief financial officer of the Lessee, in form
and substance satisfactory to the Agent, certifying that (i) each of the
representations and warranties of the Lessee contained in this Amendment, the
Participation Agreement and the other Operative Agreements is true and correct
as of the date of such certificate after giving effect to this Amendment (except
to the extent any such representation or warranty is expressly stated to have
been made as of a specific date, in which case such representation or warranty
is true and correct as of such date), (ii) no Default (other than a Credit
Agreement Default) or Event of Default (other than a Credit Agreement Event of
Default) has occurred and is continuing after giving effect to this Amendment,
and (iii) each of the conditions set forth in this Article IV has been
satisfied.
6
4.4 Corporate Authority; Consents. The Agent shall have received
such evidence of corporate authority and officers' or secretaries' certificates
stating that there have been no changes in the bylaws or charter documents of
each of the Lessee and the Guarantors (except for changes approved in writing by
the Agent), and shall have received a certificate of incumbency with respect to
each such Person. The Lessee and the Guarantors shall have obtained all consents
and approvals of the boards of directors, shareholders, governmental entities
and other applicable third parties necessary in connection with the transactions
contemplated herein and shall have delivered copies of the same to the Agent.
4.5 Fees and Expenses. The Lessee shall have paid to the Agent,
(a) for the account of each of the Lenders and Holders that have entered into
this Amendment on or prior to the Second Amendment Effective Date, a fee equal
to 0.25% of the sum of the aggregate Revolving Credit Commitments (as defined
under the Lessee Credit Agreement) plus the aggregate Loans and Holder Amounts,
of such Lenders and Holders, and (b) for the account of the Agent, all other
fees and expenses (including legal fees and expenses) that are due and payable
as of the date hereof.
4.6 No Material Adverse Change. No material adverse change shall
have occurred in the business, properties, prospects, operations or condition
(financial or otherwise) of the Lessee and its Subsidiaries, taken as a whole,
since September 30, 2002, and no event, condition or state of facts that could
reasonably be expected to have such a material adverse effect shall have
occurred since September 30, 2002.
ARTICLE V
MISCELLANEOUS
5.1 Effect of Amendment. From and after the effective date of the
amendments to the Operative Agreements set forth herein, all references to any
such Operative Agreement set forth in any other Operative Agreement or other
agreement or instrument shall, unless otherwise specifically provided, be
references to the applicable Operative Agreement as amended by this Amendment
and as may be further amended, modified, restated or supplemented from time to
time. This Amendment is limited as specified and shall not constitute or be
deemed to constitute an amendment, modification or waiver of any provision of
any Operative Agreement except as expressly set forth herein. Except as
expressly amended hereby, the Operative Agreements shall remain in full force
and effect in accordance with their respective terms.
5.2 Governing Law. This Amendment shall be governed by and
construed and enforced in accordance with the laws of the State of North
Carolina (without regard to the conflicts of law provisions thereof).
5.3 Expenses. The Lessee agrees to pay upon demand all reasonable
out-of-pocket costs and expenses of the Agent (including, without limitation,
the reasonable fees and expenses of counsel to the Agent) in connection with the
preparation, negotiation, execution and delivery of this Amendment.
5.4 Severability. To the extent any provision of this Amendment is
prohibited by or invalid under the applicable law of any jurisdiction, such
provision shall be ineffective only to the extent of such prohibition or
invalidity and only in any such jurisdiction, without prohibiting or
invalidating such provision in any other jurisdiction or the remaining
provisions of this Amendment in any jurisdiction.
5.5 Successors and Assigns. This Amendment shall be binding upon,
inure to the benefit of and be enforceable by the respective successors and
assigns of the parties hereto.
7
5.6 Construction. The headings of the various sections and
subsections of this Amendment have been inserted for convenience only and shall
not in any way affect the meaning or construction of any of the provisions
hereof.
5.7 Counterparts; Effectiveness. This Amendment may be executed in
any number of counterparts and by different parties hereto on separate
counterparts, each of which when so executed and delivered shall be an original,
but all of which shall together constitute one and the same instrument. This
Amendment shall become effective upon the execution and delivery of a
counterpart hereof by the Lessee, the Guarantors, the Owner Trustee, the
Majority Secured Parties and the Agent and the satisfaction of the conditions
set forth in Article IV hereof.
[Remainder of Page Intentionally Left Blank]
8
IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart
of this Amendment to be duly executed and delivered as of the date first above
written.
CONSTRUCTION AGENT AND LESSEE:
PROVINCE HEALTHCARE COMPANY, as the
Construction Agent and as the Lessee
By: /s/ Xxxxxxxxxxx X. Xxxxxx
-----------------------------------
Name: Xxxxxxxxxxx X. Xxxxxx
Title: Senior Vice President and Chief
Financial Officer
[Signature pages continued]
GUARANTORS:
BRIM HEALTHCARE, INC.
By /s/ Xxxxxxxxxxx X. Xxxxxx
------------------------------------
Name: Xxxxxxxxxxx X. Xxxxxx
Title: Assistant Treasurer
BRIM HOSPITALS, INC.
CARE HEALTH COMPANY, INC.
MEXIA-PRINCIPAL, INC.
OUTPATIENT SERVICES, INC.
PALESTINE-PRINCIPAL G.P., INC.
PHC-AVIATION, INC.
PHC-BELLE GLADE, INC.
PHC-CLEVELAND, INC.
PHC-DOCTORS' HOSPITAL, INC.
PHC-ELKO, INC.
PHC-XXXXXX, INC.
PHC-FORT MOHAVE, INC.
PHC-JASPER, INC.
PHC-XXXX, INC.
PHC-LAKE HAVASU, INC.
PHC-LAKEWOOD, INC.
PHC-LOS ALAMOS, INC.
PHC-LOUISIANA, INC.
PHC-MARTINSVILLE, INC.
PHC-MINDEN G.P., INC.
PHC-MORGAN LAKE, INC.
PHC-NEVADA, INC.
PHC-PALESTINE, INC.
PHC-TENNESSEE, INC.
PRHC-XXXXX X.X., INC.
PRINCIPAL HOSPITAL COMPANY OF NEVADA,
INC.
PRINCIPAL-NEEDLES, INC.
By: /s/ Xxxxxxxxxxx X. Xxxxxx
-------------------------------
Name: Xxxxxxxxxxx X. Xxxxxx
Title: Vice President/Treasurer
[Signature pages continued]
MEXIA PRINCIPAL HEALTHCARE LIMITED
PARTNERSHIP
By: Mexia-Principal, Inc., its
General Partner
By: /s/ Xxxxxxxxxxx X. Xxxxxx
-------------------------------
Name: Xxxxxxxxxxx X. Xxxxxx
Title: Vice President/Treasurer
PALESTINE PRINCIPAL HEALTHCARE LIMITED
PARTNERSHIP
By: Palestine-Principal G.P., Inc.,
its General Partner
By: /s/ Xxxxxxxxxxx X. Xxxxxx
-------------------------------
Name: Xxxxxxxxxxx X. Xxxxxx
Title: Vice President/Treasurer
PHC-ASHLAND, L.P.
By: PHC-Tennessee, Inc., its General
Partner
By: /s/ Xxxxxxxxxxx X. Xxxxxx
-------------------------------
Name: Xxxxxxxxxxx X. Xxxxxx
Title: Vice President/Treasurer
PHC-MINDEN, L.P.
By: PHC-Minden G.P., Inc., its
General Partner
By: /s/ Xxxxxxxxxxx X. Xxxxxx
-------------------------------
Name: Xxxxxxxxxxx X. Xxxxxx
Title: Vice President/Treasurer
[Signature pages continued]
PHC-XXXXXX CITY, L.P.
By: PHC-Lakewood, Inc., its General
Partner
By: /s/ Xxxxxxxxxxx X. Xxxxxx
-------------------------------
Name: Xxxxxxxxxxx X. Xxxxxx
Title: Vice President/Treasurer
PHC-OPELOUSAS, L.P.
By: PHC-Doctors' Hospital, Inc., its
General Partner
By: /s/ Xxxxxxxxxxx X. Xxxxxx
-------------------------------
Name: Xxxxxxxxxxx X. Xxxxxx
Title: Vice President/Treasurer
PRHC-XXXXX, X.X.
By: PRHC-Xxxxx X.X., Inc., its
General Partner
By: /s/ Xxxxxxxxxxx X. Xxxxxx
-------------------------------
Name: Xxxxxxxxxxx X. Xxxxxx
Title: Vice President/Assistant
Treasurer
PHC-CHARLESTOWN, L.P.
By: PHC-Indiana, Inc., its General
Partner
By: /s/ Xxxxxxxxxxx X. Xxxxxx
-------------------------------
Name: Xxxxxxxxxxx X. Xxxxxx
Title: Vice President/Treasurer
[Signature pages continued]
PHC HOSPITALS, LLC
By: Province Healthcare Company, its
sole Member
By: /s/ Xxxxxxxxxxx X. Xxxxxx
-------------------------------
Name: Xxxxxxxxxxx X. Xxxxxx
Title: Senior Vice President and Chief
Financial Officer
PHC-INDIANA, INC.
By: /s/ Xxxxxxxxxxx X. Xxxxxx
-------------------------------
Name: Xxxxxxxxxxx X. Xxxxxx
Title: Vice President/Treasurer
PRHC-ALABAMA, LLC
By: Province Healthcare Company, its
sole Member
By: /s/ Xxxxxxxxxxx X. Xxxxxx
-------------------------------
Name: Xxxxxxxxxxx X. Xxxxxx
Title: Senior Vice President and Chief
Financial Officer
PRINCIPAL XXXX, L.L.C.
By: Principal Xxxx, X.X., its
Member
By: PHC Xxxx, Inc., its General
Partner
By: /s/ Xxxxxxxxxxx X. Xxxxxx
-------------------------------
Name: Xxxxxxxxxxx X. Xxxxxx
Title: Vice President/Treasurer
[Signature pages continued]
PRINCIPAL XXXX, X.X.
By: PHC-Xxxx, Inc., its General
Partner
By: /s/ Xxxxxxxxxxx X. Xxxxxx
-------------------------------
Name: Xxxxxxxxxxx X. Xxxxxx
Title: Vice President/Treasurer
/s/ Xxx Xxxxx
--------------------------------------
Witness
/s/ Xxxxx Xxxxxxx
--------------------------------------
Witness
[Signature pages continued]
OWNER TRUSTEE AND LESSOR:
XXXXX FARGO BANK NORTHWEST, NATIONAL
ASSOCIATION, not individually, except
as expressly stated herein, but solely
as the Owner Trustee under the PHC Real
Estate Trust 1998-1, as the Owner
Trustee and as the Lessor
By: /s/ C. Xxxxx Xxxxxxx
-----------------------------------
Name: C. Xxxxx Xxxxxxx
Title: Vice President
[Signature pages continued]
HOLDERS, LENDERS, AGENTS AND ARRANGERS:
WACHOVIA BANK, NATIONAL ASSOCIATION
(formerly known as First Union National
Bank), as a Holder, as a Lender and as
the Agent
By: /s/ Xxxxx X. Xxxxx
-----------------------------------
Name: Xxxxx X. Xxxxx
Title: Managing Director, Senior Vice
President
[Signature pages continued]
BANK OF AMERICA, N.A., as a Holder, as
a Lender, as the Syndication Agent and
as a Co-Lead Arranger
By: /s/ Xxxxxxxxx X. Xxxx
-----------------------------------
Name: Xxxxxxxxx X. Xxxx
Title: Senior Vice President
[Signature pages continued]
UBS AG, STAMFORD BRANCH, as a Holder
and as a Lender
By: /s/ Xxxxxxx X. Saint
-----------------------------------
Name: Xxxxxxx X. Saint
Title: Associate Director, Banking
Products, US
By: /s/ Xxxx Xxxxxxxxxxx
-----------------------------------
Name: Xxxx Xxxxxxxxxxx
Title: Associate Director, Banking
Products, US
UBS WARBURG LLC, as a Co-Documentation
Agent
By: /s/ Xxxx Xxxxx
-----------------------------------
Name: Xxxx Xxxxx
Title: Executive Director, Banking
Products
By: /s/ Xxxxxx X. Xxxx
-----------------------------------
Name: Xxxxxx X. Xxxx
Title: Executive Director
[Signature pages continued]
XXXXXXX XXXXX CAPITAL CORPORATION, as
a Holder, as a Lender and as a
Co-Documentation Agent
By: /s/ Xxxxxxx X. X'Xxxxx
-----------------------------------
Name: Xxxxxxx X. X'Xxxxx
Title: Vice President
[Signature pages continued]
NATIONAL CITY BANK OF KENTUCKY, as a
Lender
By: /s/ Xxxxx Xxxxx
-----------------------------------
Name: Xxxxx Xxxxx
Title: Sr. Vice President
[Signature pages continued]
U.S. BANK NATIONAL ASSOCIATION (f/k/a
Firstar Bank, National Association),
as a Holder and as a Lender
By: /s/ X. X. Xxxxxxx
-----------------------------------
Name: X. X. Xxxxxxx
Title: Senior Vice President
[Signature pages continued]
BNP PARIBAS, as a Holder and as a
Lender
By: /s/ Xxxxx Xxxxxx
-----------------------------------
Name: Xxxxx Xxxxxx
Title: Director
By: /s/ Xxxxxxx Xxxxxxx
-----------------------------------
Name: Xxxxxxx Xxxxxxx
Title: Vice President
[Signature pages continued]
SUNTRUST BANK, as a Holder and as a
Lender
By: /s/ Xxxxx Xxxxxxxxx
-----------------------------------
Name: Xxxxx Xxxxxxxxx
Title: Portfolio Manager
[Signature pages continued]
GENERAL ELECTRIC CAPITAL CORPORATION,
as a Lender
By: /s/ Xxxxx X. Xxxxxxx
-----------------------------------
Name: Xxxxx X. Xxxxxxx
Title: Duly Authorized Signatory
[Signature pages continued]
AMSOUTH BANK, as a Holder and a Lender
By: /s/ Xxxxxxx X. Xxxxx
-----------------------------------
Name: Xxxxxxx X. Xxxxx
Title: Vice President
[Signature pages continued]
CREDIT LYONNAIS NEW YORK BRANCH, as a
Holder and a Lender
By: /s/ Xxxxxxx Xxxxxxxxx
-----------------------------------
Name: Xxxxxxx Xxxxxxxxx
Title: Senior Vice President
[Signature pages continued]
LASALLE BANK NATIONAL ASSOCIATION, as
a Lender
By: /s/ Xxxxx Xxxxxx
-----------------------------------
Name: Xxxxx Xxxxxx
Title: First Vice President
[Signature pages end]
