DEFINED TERMS SCHEDULE.
Parties:
“Bank” means ROYAL BANK OF CANADA.
“Borrower” means VANCOUVER ESPERANZA SOCIETY.
“City” means the CITY OF VANCOUVER.
“Providence” means PROVIDENCE HEALTH CARE SOCIETY,
Documents:
“Assignment” means the Assignment of Purchase Agreement (to be) executed by Providence in
favour of the Bank, for purposes of assigning certain intangibles, including all benefits under or
Pursuant to the Purchase Agreement, ax security for all present and future liabilities of the
Borrower,
“Cash Collateral Agreement” means the Cash Collateral Agreement, (in the Bank's Form 610),
to be executed by the Borrower, for purposes of granting a security interest in cash and
marketable securities, as security for all of its present and future liabilities to the Bank (including
those by way of guarantee),
“Commitment Letter” means the commitment letter dated March 25, 2004, issued by the Bank
to the Borrower and (to be) executed by the Borrower, which provides for a $24,500,000 non-
revolving term facility and various other credit facilities in favour of the Borrower, as such letter
‘may bé amended, extended or replaced and in effect from time to time,
“Consent” means the letter agreement (to be) granted by the City in favour of the Bank with
respect to the status of the Borrower as an approved assignee under the Purchase Agreement, the
‘grant of the Mortgage by the Borrower and the ability of the Bank to provide a Triggering Notice
under the Purchase Agreement.
“GSA” means the General Secutity Agreement - Floating Charge on Land (to be) executed by
the Borrower in favour of the Bank for purposes of granting a security interest in all present and
sfter-acquired personal property, and a floating charge on all present and future real property,
Gn the Bank’s Form 923), as security forall ofits present and fatuce Hiabilities Gincluding those
by way of guaranize).
“ISDA” means the International Swaps and Derivatives Association agreement (to be) executed
by the Borrower,
“Mortgage” means the demand collateral first mortgage inthe principal amount of $24,500,000,
with interest payable thereunder at Prime (as defined in such mortgage) plus 2% per annum, (to
be) executed by the Borrower in favour of the Bank for purposes of mortgaging the
Real Properties (and which incorporates Filed Standard Mortgage Terms MT900186 and
includes an assignment of rents), as general and continuing collateral security for all of its
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i "Ser a ute lnbites and obligations, whether det or indies Gelding thse by way
« guarantee)
“Purchase Agreement” means together, the Purchase Agreement made effective March 10,
2004, between Providence and the City, and the Modification Agreement dated.
2004, between such parties, pursuant to which the City will, upon the request of
Providence or its approved assignee, purchase the Mortgaged Real Properties for the sum of
$24,500,000, as adjusted pursuant to the terms of such agreement,
Others
“Mortgaged Real Properties” means the real properties located at or about 1000
Avenue, 250 - 298 Prior Street, 310 Prior Street, Vancouver, B.C., legally described by:
PID: 008-126-780
‘Lot E District Lots 196 and 2037 Plan 13449
PID: 018-550-185,
Lot A District Lots 196 and 2037 Plan LMP14138
PID: 010-813-217
Lot 19 District Lots 181, 196 and 2037 Plan 6780
PID: 008-776-300
‘Lot C Blocks 15 to 18 District Lots 196 and 2037 Plan 12884
PID: 008-776-326
LotD Blocks 15 to 18 District Lots 196 and 2037 Plan 12884
PID: 008-126-798
Lot F District Lots 196 and 2037 Plan 13449
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