NCHC Loan definition
NCHC Loan means a loan of funds by the Company to NCHC pursuant to an Amended and Restated Promissory Note dated as of March 25, 1996 in the original principal amount of $4,546,926.00 executed by NCHC in favor of the Company secured by a (i) a security interest in all personal property of NCHC pursuant to a Security Agreement dated ▇▇▇▇▇ ▇▇, ▇▇▇▇, (▇▇) leasehold deeds of trust dated March 25, 1996 with respect to the leasehold interests of NCHC under the leases with HCPI with respect to each of the ▇▇▇▇▇▇▇▇▇▇ Leased Facilities, and a leasehold deed of trust dated July 18, 1996 with respect to the leasehold interests of NCHC under the lease with HCPI with respect to the Arden Facility, (iii) assignments of rents and profits dated March 25, 1996 by NCHC with respect to each of the ▇▇▇▇▇▇▇▇▇▇ Leased Facilities, and an assignment of rents and profits dated July 18, 1996 by NCHC with respect to the Arden Facility, (iv) a pledge of the outstanding shares of capital stock of NCHC by the holder of such shares pursuant to a pledge agreement, (v) a collateral assignment of certain certificates of deposit pursuant to an Assignment of Certificates of Deposit dated March 25, 1996 and an Assignment of Certificates of Deposit dated July 18, 1996, and (vi) additional collateral as may be granted thereunder from time to time.
NCHC Loan means the loans by Borrowers to NCHC having an aggregate outstanding balance of $7,700,747 as of the date hereof.
Examples of NCHC Loan in a sentence
Confirmation of the intercreditor arrangements with HCPI in connection with the NC Health Care Loan and the NCHC Loan.