EXHIBIT 10.41.5
FOURTH AMENDMENT TO AMENDED AND RESTATED
MASTER LEASE AGREEMENT
THIS FOURTH AMENDMENT TO AMENDED AND RESTATED MASTER LEASE AGREEMENT
("Fourth Amendment") is dated as of December 27, 2002 (the "Fourth Amendment
Effective Date") by and among HEALTH CARE REIT, INC., a corporation organized
under the laws of the State of Delaware ("HCRI" and a "Landlord"), HCRI INDIANA
PROPERTIES, LLC, a limited liability company organized under the laws of the
State of Indiana ("HCRI-IN" and a "Landlord"), HCRI NORTH CAROLINA PROPERTIES,
LLC, a limited liability company organized under the laws of the State of
Delaware ("HCRI-NC" and a "Landlord"), HCRI TENNESSEE PROPERTIES, INC., a
corporation organized under the laws of the State of Delaware ("HCRI-TN" and a
"Landlord"), HCRI TEXAS PROPERTIES, LTD., a limited partnership organized under
the laws of the State of Texas ("HCRI-TX" and a "Landlord"), and HCRI WISCONSIN
PROPERTIES, LLC, a limited liability company organized under the laws of the
State of Wisconsin ("HCRI-WI" and a "Landlord"), each Landlord having its
principal office located at Xxx XxxXxxx, Xxxxx 0000, X.X. Xxx 0000, Xxxxxx, Xxxx
00000-0000, and ALTERRA HEALTHCARE CORPORATION, a corporation organized under
the laws of the State of Delaware ("Tenant"), having its chief executive office
located at 00000 Xxxxxxxxxx Xxxxx, Xxxxxxxxx, Xxxxxxxxx 00000.
RECITALS
A. HCRI, HCRI-NC, HCRI-TN and HCRI-TX, as Landlord, and Tenant
entered into an Amended and Restated Master Lease Agreement dated effective as
of July 1, 2001 ("Master Lease"), as amended pursuant to a certain First
Amendment to Amended and Restated Master Lease Agreement dated as of July 16,
2001 ("First Amendment"), as further amended pursuant to a certain Second
Amendment to Amended and Restated Master Lease Agreement dated as of December
21, 2001 ("Second Amendment"), as further amended pursuant to a certain Third
Amendment to Amended and Restated Master Lease Agreement dated as of March 19,
2002 ("Third Amendment") (the Master Lease together with the First Amendment,
Second Amendment, Third Amendment and Fourth Amendment hereinafter referred to
as "Lease").
B. Landlord and Tenant desire to further amend the Lease to extend
the date with respect to the filing of bankruptcy and as otherwise set forth
herein.
NOW, THEREFORE, in consideration of the foregoing recitals and for
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows.
1. Capitalized Terms. Any capitalized terms not defined in this
Fourth Amendment shall have the meaning set forth in the Lease.
2. Events of Default. Sections 8.1 (e), (f) and (h) of the Lease are
hereby amended to read in their entirety as follows:
(e) [i] The filing by Tenant or Subtenant of a petition under
the Bankruptcy Code or the commencement of a bankruptcy or
similar proceeding by Tenant; [ii] the failure by Tenant or
Subtenant within 60 days to dismiss an involuntary bankruptcy
petition or other commencement of a bankruptcy, reorganization or
similar proceeding against Tenant or Subtenant, or to lift or
stay any execution, garnishment or attachment of such consequence
as will impair its ability to carry on its operation at the
Leased Property; [iii] the entry of an order for relief under the
Bankruptcy Code in respect of Tenant or Subtenant; [iv] any
assignment by Tenant or Subtenant for the benefit of its
creditors; [v] the entry by Tenant or Subtenant into an agreement
of composition with its creditors; [vi] the approval by a court
of competent jurisdiction of a petition applicable to Tenant or
Subtenant in any proceeding for its reorganization instituted
under the provisions of any state or federal bankruptcy,
insolvency, or similar laws; [vii] appointment by final order,
judgment, or decree of a court of competent jurisdiction of a
receiver of a whole or any substantial part of the properties of
Tenant or Subtenant (provided such receiver shall not have been
removed or discharged within 60 days of the date of his
qualification). Notwithstanding the foregoing, such an event
shall not constitute an Event of Default hereunder if (a) with
respect to clauses [i] and [ii], such event occurs on or prior to
January 31, 2003 or (b) with respect to clauses [iii], [iv], [v],
[vi] or [vii] such event occurs at any time in connection with a
bankruptcy action filed on or prior to January 31, 2003.
(f) [i] Any receiver, administrator, custodian or other person
takes possession or control of any of the Leased Property and
continues in possession for 60 days; [ii] any writ against any of
the Leased Property is not released within 60 days; [iii] any
judgment is rendered or proceedings are instituted against the
Leased Property or Tenant or Subtenant which affect the Leased
Property or any part thereof, which is not dismissed for 60 days
(except as otherwise provided in this section); [iv] all or a
substantial part of the assets of Tenant or Subtenant are
attached, seized, subjected to a writ or distress warrant, or are
levied upon, or come into the possession of any receiver,
trustee, custodian, or assignee for the benefit of creditors
occurring on or after January 31, 2003 or such event occurs at
any time in connection with a bankruptcy action filed on or after
January 31, 2003; [v] Tenant or Subtenant is enjoined,
restrained, or in any way prevented by court order (other than ex
parte order) from conducting all or a substantial part of its
business or affairs at the Leased Property; or [vi] except as
otherwise permitted hereunder, a final notice of lien, levy or
assessment is filed of record with respect to all or any part of
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the Leased Property or any property of Tenant or Subtenant
located at the Leased Property and is not dismissed, discharged,
or bonded-off within 30 days or is not otherwise addressed
pursuant to Section 7.3.
(h) Tenant, Subtenant or any Affiliate defaults on any
indebtedness or obligation to Landlord or any Landlord Affiliate,
including, without limitation, any lease with Landlord or any
Landlord Affiliate, or Tenant or any Affiliate receives notice of
acceleration of payment in connection with a default under any
Material Obligation unless Tenant can demonstrate to Landlord
that such acceleration will not cause Tenant to be in violation
of Section 15.7, and any applicable grace or cure period with
respect to default under such indebtedness or obligation expires
without such default having been cured. This provision applies to
all such indebtedness and obligations as they may be amended,
modified, extended, or renewed from time to time. Notwithstanding
the foregoing, such an event shall not constitute an Event of
Default hereunder if the event occurs on or prior to January 31,
2003 or if such event occurs at any time in connection with a
bankruptcy action filed on or prior to January 31, 2003.
3. Affirmation. Except as specifically modified by this Fourth
Amendment, the terms and provisions of the Lease are hereby affirmed and shall
remain in full force and effect.
4. Binding Effect. This Fourth Amendment will be binding upon and
inure to the benefit of the successors and permitted assigns of Landlord and
Tenant.
5. Further Modification. The Lease may be further modified only by
writing signed by Landlord and Tenant.
6. Counterparts. This Fourth Amendment may be executed in multiple
counterparts, each of which shall be deemed an original hereof, but all of which
will constitute one and the same document.
7. Subtenant. Manlius Clare Bridge Operator, Inc. is signing this
Fourth Amendment for the sole purpose of consenting to the terms and conditions
set forth herein.
[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]
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IN WITNESS WHEREOF, Landlord and Tenant have executed this Fourth
Amendment as of the date first set forth above.
Signed and acknowledged in the HEALTH CARE REIT, INC.
presence of:
Signature /s/ Xxxxx X. Xxxxx By: /s/ Xxxx X. Xxxxx
____________________________ __________________________________
Print Name Xxxxx X. Xxxxx
___________________________ Title: VP & Corp. Secretary
Signature /s/ Xxxx X. Xxxxx ____________________________
____________________________
Print Name Xxxx X. Xxxxx
___________________________
Signed and acknowledged in the HCRI INDIANA PROPERTIES, LLC
presence of:
By: Health Care REIT, Inc. Member
Signature /s/ Xxxxx X. Xxxxx By: /s/ Xxxx X. Xxxxx
____________________________ __________________________________
Print Name Xxxxx X. Xxxxx
___________________________ Title: VP & Corp. Secretary
Signature /s/ Xxxx X. Xxxxx ____________________________
____________________________
Print Name Xxxx X. Xxxxx
___________________________
Signed and acknowledged in the HCRI NORTH CAROLINA PROPERTIES, LLC
presence of:
By: Health Care REIT, Inc. Member
Signature /s/ Xxxxx X. Xxxxx By: /s/ Xxxx X. Xxxxx
____________________________ ______________________________
Print Name Xxxxx X. Xxxxx
___________________________ Title: VP & Corp. Secretary
Signature /s/ Xxxx X. Xxxxx ________________________
____________________________
Print Name Xxxx X. Xxxxx
___________________________
Signed and acknowledged in the HCRI TENNESSEE PROPERTIES, INC.
presence of:
Signature /s/ Xxxxx X. Xxxxx By: /s/ Xxxx X. Xxxxx
____________________________ __________________________________
Print Name Xxxxx X. Xxxxx
___________________________ Title: VP & Corp. Secretary
Signature /s/ Xxxx X. Xxxxx ____________________________
____________________________
Print Name Xxxx X. Xxxxx
___________________________
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Signed and acknowledged in the HCRI TEXAS PROPERTIES, LTD.
presence of:
By: Health Care REIT, Inc. General
Partner
Signature /s/ Xxxxx X. Xxxxx By: /s/ Xxxx X. Xxxxx
____________________________ ______________________________
Print Name Xxxxx X. Xxxxx
___________________________ Title: VP & Corp. Secretary
Signature /s/ Xxxx X. Xxxxx ________________________
____________________________
Print Name Xxxx X. Xxxxx
___________________________
Signed and acknowledged in the HCRI WISCONSIN PROPERTIES, LLC
presence of:
By: Health Care REIT, Inc. Member
Signature /s/ Xxxxx X. Xxxxx By: /s/ Xxxx X. Xxxxx
____________________________ ______________________________
Print Name Xxxxx X. Xxxxx
___________________________ Title: VP & Corp. Secretary
Signature /s/ Xxxx X. Xxxxx ________________________
____________________________
Print Name Xxxx X. Xxxxx
___________________________
Signed and acknowledged in the ALTERRA HEALTHCARE CORPORATION
presence of:
Signature /s/ Xxxx X. Xxxxxxxx By: /s/ Xxxx X. Xxxxxxxxx
____________________________ __________________________________
Print Name Xxxx X. Xxxxxxxx
___________________________ Title: Senior Vice President
Signature /s/ Xxxx Xxxxxx ____________________________
____________________________
Print Name Xxxx Xxxxxx Tax I.D. No.: 00-0000000
___________________________ ________________________
Signed and acknowledged in the MANLIUS CLARE BRIDGE OPERATOR, INC.
presence of:
Signature /s/ Xxxxxxxx Saver By: /s/ Xxxxxxx Xxxxxxx
____________________________ __________________________________
Print Name Xxxxxxxx Saver
___________________________ Title: President
____________________________
Signature /s/ Xxx Xxxxxxx Tax I.D. No.: 00-0000000
____________________________ ________________________
Print Name Xxx Xxxxxxx
___________________________
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STATE OF OHIO )
) SS:
COUNTY OF XXXXX )
The foregoing instrument was acknowledged before me this 31 day of
December, 2002 by Xxxx X. Xxxxx, the VP & Corp. Secretary of Health Care REIT,
Inc., a Delaware corporation, on behalf of the corporation.
/s/ Xxxx X. Xxxxx
--------------------------------
Notary Public
My Commission Expires: 8/26/05 [SEAL]
STATE OF OHIO )
) SS:
COUNTY OF XXXXX )
The foregoing instrument was acknowledged before me this 31 day of
December, 2002 by Xxxx X. Xxxxx, the VP & Corp. Secretary of Health Care REIT,
Inc., a Delaware corporation and the sole member of HCRI Indiana Properties,
LLC, a limited liability company organized under the laws of the State of
Indiana on behalf of the limited liability company.
/s/ Xxxx X. Xxxxx
--------------------------------
Notary Public
My Commission Expires: 8/26/05 [SEAL]
STATE OF OHIO )
) SS:
COUNTY OF XXXXX )
The foregoing instrument was acknowledged before me this 31 day of
December, 2002 by Xxxx X. Xxxxx, the VP & Corp. Secretary of Health Care REIT,
Inc., a Delaware corporation and the sole member of HCRI North Carolina
Properties, LLC, a limited liability company organized under the laws of the
State of Delaware on behalf of the limited liability company.
/s/ Xxxx X. Xxxxx
--------------------------------
Notary Public
My Commission Expires: 8/26/05 [SEAL]
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STATE OF OHIO )
) SS:
COUNTY OF XXXXX )
The foregoing instrument was acknowledged before me this 31 day of
December, 2002 by Xxxx X. Xxxxx, the VP & Corp. Secretary of
HCRI Tennessee Properties, Inc., a corporation organized under the laws of the
State of Delaware on behalf of the corporation.
/s/ Xxxx X. Xxxxx
--------------------------------
Notary Public
My Commission Expires: 8/26/05 [SEAL]
----------------------
STATE OF OHIO )
) SS:
COUNTY OF XXXXX )
The foregoing instrument was acknowledged before me this 31 day of
December, 2002 by Xxxx X. Xxxxx, the VP & Corp. Secretary of
Health Care REIT, Inc., a Delaware corporation and the general partner of HCRI
Texas Properties, Ltd., a limited liability partnership organized under the laws
of the State of Texas on behalf of the limited partnership.
/s/ Xxxx X. Xxxxx
--------------------------------
Notary Public
My Commission Expires: 8/26/05 [SEAL]
----------------------
STATE OF OHIO )
) SS:
COUNTY OF XXXXX )
The foregoing instrument was acknowledged before me this 31 day of
December, 2002 by Xxxx X. Xxxxx, the VP & Corp. Secretary of
Health Care REIT, Inc., a Delaware corporation and the sole member of HCRI
Wisconsin Properties, LLC, a limited liability company organized under the laws
of the State of Delaware on behalf of the limited liability company.
/s/ Xxxx X. Xxxxx
--------------------------------
Notary Public
My Commission Expires: 8/26/05 [SEAL]
----------------------
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STATE OF Wisconsin )
__________ ) SS:
COUNTY OF Milwaukee )
___________
The foregoing instrument was acknowledged before me this 27th day of
____
December 2002 by Xxxx X. Xxxxxxxxx the Senior Vice President of
_______________, _________________________, _____________________
Alterra Healthcare Corporation, a Delaware corporation, on behalf of the
corporation.
/s/ XX Xxxxxx
________________________________
Notary Public
My Commission Expires: 5/21/06 [SEAL]
__________________
STATE OF Wisconsin )
__________ ) SS:
COUNTY OF Milwaukee )
___________
The foregoing instrument was acknowledged before me this 2nd day of
___
January 2003 by Xxxxxxx Xxxxxxx the President of
_______________, _________________________, ____________________
Manlius Clare Bridge Operator, Inc., a New York corporation, on behalf of the
corporation.
/s/ XX Xxxxxx
________________________________
Notary Public
My Commission Expires: 5/21/06 [SEAL]
__________________
THIS INSTRUMENT PREPARED BY:
XXXXXX X. XXXX, ESQ.
XXXXXXXX, LOOP & XXXXXXXX, LLP
0000 XXXXXXX
XXXXXX, XXXX 00000
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