WMC-SA definition
Examples of WMC-SA in a sentence
Borrower, WMC-SA, WMC-A, Coastal and C▇▇▇▇▇▇ shall have and maintain at all times from the Closing Date until the Obligations have been paid in full, sufficient approvals, consents, and permits from all necessary Governmental Authorities to fully operate each of the Hospital Facilities in accordance with Applicable Laws.
MPFC II (as "$80 MILLION LENDER"), IHHI, WMC-SA, WMC-A, ▇▇▇▇▇▇▇ and Coastal (as "$80 MILLION BORROWERS"), PCHI, Ganesha and West Coast (as "$80 MILLION CREDIT PARTIES"), and PCHI and OC-PIN (as "$80 MILLION GUARANTORS") are parties to that certain Credit Agreement dated as of March 3, 2005 ("$80 MILLION CREDIT AGREEMENT").
June __, 2005 Pursuant to Section 307(b) of the California Corporations Code, the undersigned, being the entire Board of Directors (the "Board") of WMC-SA, Inc., a California corporation (the "Corporation"), does hereby consent to and adopt in all respects the following resolutions.
IHHI (as Borrower), WMC-SA, WMC-A, Coastal, ▇▇▇▇▇▇▇, PCHI, West Coast and OC-PIN (as Credit Parties) and PCHI and OC-PIN (as Guarantors) and New Lender shall execute and deliver the New Loan Documents to one another on the Effective Date hereof.
IHHI, WMC-A, WMC-SA, Coastal and ▇▇▇▇▇▇▇ are in the business of delivering acute care services to the public through the acute care Hospital Facilities; incident thereto, IHHI, WMC-A, WMC-SA, Coastal and ▇▇▇▇▇▇▇ are in the business of owning, operating and/or leasing medical office buildings and other healthcare businesses related thereto.
Attached hereto as Exhibit "B" is the Unanimous Written Consent of the Board of Directors of WMC-SA authorizing WMC-SA to execute this Forbearance Agreement and to agree to the terms and conditions set forth herein.
Attached hereto as Exhibit "E" is the Unanimous Resolution of the Board of Directors of WMC-SA authorizing WMC-SA to execute this Forbearance Agreement and to agree to the terms and conditions set forth herein.
Anderson, President WMC-SA, INC., a California corporation By: /s/ Larry B.
Then, IHHI will (i) sublease each of the three Hospital Facilities to three (3) of its subsidiaries (WMC-SA, WMC-A and Coastal), each of which is identified above as a Borrower, and (ii) sub-sublease the Leased Hospital Facility to another of its subsidiaries (Chapman), which is also identifie▇ ▇▇▇▇▇ as a Borrower.
Lender hereby consents to the making of the New Loan to IHHI and the execution of the New Loan Documents by IHHI (as Borrower), WMC-SA, WMC-A, Coastal, ▇▇▇▇▇▇▇, PCHI, West Coast and OC-PIN (as Credit Parties) and PCHI and OC-PIN (as Guarantors).