SCHEDULE 1 TO MULTIFAMILY LOAN AND SECURITY AGREEMENT Definitions Schedule (Interest Rate Type ARM (1 Month LIBOR)) – (Seniors Housing) Capitalized terms used in the Loan Agreement have the meanings given to such terms in this Definitions Schedule. the meaning set forth in the Security Instrument. “Accounts” has Interest” the Mortgage Loan that has not been added “Accrued means unpaid interest, if any, on to the unpaid principal balance of the Mortgage Loan pursuant to Section 2.02(b) (Capitalization of Accrued But Unpaid Interest) of the Loan Agreement. means the type of housing and services categorized as Independent Living, Assisted “Acuity” to residents at the Mortgaged Property. Living or Alzheimer’s/Dementia Care provided Lender Repairs” means repairs of the type listed on the Required Repair Schedule “Additional but not otherwise identified thereon that are determined advisable by Lender to keep the Mortgaged Property in good order and repair (ordinary wear and tear excepted) and in good marketable condition or to prevent deterioration of the Mortgaged Property. Lender Replacements” means replacements of the type listed on the Required “Additional Replacement Schedule but not otherwise identified thereon that are determined advisable by Lender to keep the Mortgaged Property in good order and repair (ordinary wear and tear excepted) and in good marketable condition or to prevent deterioration of the Mortgaged Property. Rate” has the meaning set forth in the Summary of Loan Terms. “Adjustable means any Property Operator that is a Borrower Affiliate, as Property Operator” “Affiliated identified in the Summary of Loan Terms. means a change during the Loan Term in the unit or bed Acuity Change in Use” “Allowed composition at the Mortgaged Property not to exceed fifteen percent (15%) of the total number of units or beds in place as of the Effective Date. Period” has the meaning set forth in the Summary of Loan Terms. “Amortization has the meaning set forth in the Summary of Loan Terms. Type” “Amortization Secrecy Act” means the Bank Secrecy Act of 1970, as amended (e.g., 31 U.S.C. “Bank Sections 5311-5330).
SCHEDULE 1 TO MULTIFAMILY LOAN AND SECURITY AGREEMENT Definitions Schedule (Interest Rate Type – ARM (1 Month LIBOR)) (Seniors Housing) Capitalized terms used in the Loan Agreement have the meanings given to such terms in this Definitions Schedule. “Accounts” has the meaning set forth in the Security Instrument. “Accrued Interest” means unpaid interest, if any, on the Mortgage Loan that has not been added to the unpaid principal balance of the Mortgage Loan pursuant to Section 2.02(b) (Capitalization of Accrued But Unpaid Interest) of the Loan Agreement. “Acuity” means the type of housing and services categorized as Independent Living, Assisted Living or Alzheimer’s/Dementia Care provided to residents at the Mortgaged Property. “Additional Lender Repairs” means repairs of the type listed on the Required Repair Schedule but not otherwise identified thereon that are determined advisable by Lender to keep the Mortgaged Property in good order and repair (ordinary wear and tear excepted) and in good marketable condition or to prevent deterioration of the Mortgaged Property. “Additional Lender Replacements” means replacements of the type listed on the Required Replacement Schedule but not otherwise identified thereon that are determined advisable by Lender to keep the Mortgaged Property in good order and repair (ordinary wear and tear excepted) and in good marketable condition or to prevent deterioration of the Mortgaged Property. “Adjustable Rate” has the meaning set forth in the Summary of Loan Terms. “Affiliated Property Operator” means any Property Operator that is a Borrower Affiliate, as identified in the Summary of Loan Terms. “Allowed Change in Use” means a change during the Loan Term in the unit or bed Acuity composition at the Mortgaged Property not to exceed fifteen percent (15%) of the total number of units or beds in place as of the Effective Date. “Amortization Period” has the meaning set forth in the Summary of Loan Terms. “Amortization Type” has the meaning set forth in the Summary of Loan Terms. “Bank Secrecy Act” means the Bank Secrecy Act of 1970, as amended (e.g., 31 U.S.C. Sections 5311-5330).
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