Exhibit 10.53
SIXTH AMENDMENT TO MASTER
LEASE
THIS SIXTH AMENDMENT TO MASTER LEASE
(the “Amendment”) is made and entered into and
effective as of December 8, 2008 (the “Effective
Date”), by and among HCP, INC., a Maryland corporation
(formerly known as Health Care Property Investors, Inc.)
(“HCP”), HEALTH CARE PROPERTY PARTNERS, a California
general partnership (“HCPP”) and TEXAS HCP HOLDING,
L.P., a Delaware limited partnership (“THCP,” and
together with HCP and HCPP, collectively, as their interest may
appear, “Lessor”), on the one hand, and KINDRED NURSING
CENTERS EAST, L.L.C., a Delaware limited liability company
(“Kindred East”), KINDRED NURSING CENTERS WEST, L.L.C.,
a Delaware limited liability company (“Kindred West”),
KINDRED NURSING CENTERS LIMITED PARTNERSHIP, a Delaware limited
partnership (“Kindred Centers”), KINDRED HOSPITALS
LIMITED PARTNERSHIP, a Delaware limited partnership (“Kindred
Hospitals”), and TRANSITIONAL HOSPITALS CORPORATION OF
WISCONSIN, INC., a Wisconsin corporation (“THCW” and
together with Kindred East, Kindred West, Kindred Centers and
Kindred Hospitals, collectively, and jointly and severally,
“Lessee”), with respect to the following:
RECITALS
A. Lessor is the
“Lessor” and Lessee is the “Lessee”
pursuant to that certain Master Lease dated as of May 16, 2001
(the “Original Lease”), as amended by that certain
First Amendment to Master Lease dated as of August 1, 2001
(the “First Amendment”), that certain Second Amendment
to Master Lease effective as of July 1, 2003 (the
“Second Amendment”), that certain Third Amendment to
Master Lease dated as of June 30, 2004 (the “Third
Amendment”), that certain Fourth Amendment to Master Lease
effective as of March 1, 2006 (the “Fourth
Amendment”), and that certain Fifth Amendment to Master Lease
effective as of January 31, 2007 (the “Fifth
Amendment” and together with the First Amendment, the Second
Amendment, the Third Amendment, and the Fourth Amendment
collectively, the “Prior Amendments”). The Original
Lease together with the Prior Amendments are collectively referred
to herein as the “Lease.” The Lease covers the Land,
Leased Improvements, Related Rights and Fixtures of twelve
(12) separate health care Facilities, all as more particularly
described in the Lease. All terms used in this Amendment with
initial capital letters and not defined herein shall have the
meanings given to such terms in the Lease.
B. Due to a scrivener’s error,
the legal description attached to the Fifth Amendment as Exhibit
A-11 [Dallas, TX Facility] was incorrect and Lessor and Lessee
now desire to amend the Lease to replace such Exhibit A-11
in its entirety to correct such error, but only upon the terms and
conditions set forth herein.
1
AGREEMENT
IN CONSIDERATION OF the foregoing
Recitals and the mutual promises and covenants contained herein and
other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, Lessor and Lessee agree as
follows:
1. Correction to Legal
Description of Dallas, TX Facility . The legal description in
Exhibit A-11 attached to the Fifth Amendment is hereby replaced, in
its entirety, with Exhibit A-11 attached to this
Amendment.
2. Governing Law . THIS
AMENDMENT WAS NEGOTIATED IN THE STATE OF CALIFORNIA, WHICH STATE
THE PARTIES AGREE HAS A SUBSTANTIAL RELATIONSHIP TO THE PARTIES,
THE LEASE AND TO THE UNDERLYING TRANSACTION EMBODIED HEREBY.
ACCORDINGLY, IN ALL RESPECTS THE LEASE, AS HEREBY AMENDED (AND ANY
AGREEMENT FORMED PURSUANT TO THE TERMS HEREOF) SHALL BE GOVERNED
BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL
LAWS OF THE STATE OF CALIFORNIA (WITHOUT REGARD OF PRINCIPLES OR
CONFLICTS OF LAW) AND ANY APPLICABLE LAWS OF THE UNITED STATES OF
AMERICA, EXCEPT THAT ALL PROVISIONS OF THE LEASE, AS HEREBY
AMENDED, RELATING TO THE CREATION OF THE LEASEHOLD ESTATE AND ALL
REMEDIES SET FORTH IN ARTICLE XVI OF THE LEASE RELATING TO RECOVERY
OF POSSESSION OF THE LEASED PROPERTY OF ANY FACILITY (SUCH AS AN
ACTION FOR UNLAWFUL DETAINER OR OTHER SIMILAR ACTION) SHALL BE
CONSTRUED AND ENFORCED ACCORDING TO, AND GOVERNED BY, THE LAWS OF
THE STATE IN WHICH THE LEASED PROPERTY OF SUCH FACILITY IS
LOCATED.
3. Full Force and Effect;
Counterparts; Facsimile Signatures . Except as hereby amended,
the Lease shall remain in full force and effect. This Amendment may
be executed in two or more counterparts, each of which shall be
deemed an original, but all of which together shall constitute a
single instrument. Delivery of an executed counterpart of a
signature page to this Amendment via telephone facsimile
transmission shall be as effective as delivery of a manually
executed counterpart of this Amendment.
[Signature Page
Follows]
2
IN WITNESS WHEREOF, Lessor and
Lessee have executed this Amendment as of the Effective
Date.
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LESSOR:
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HCP, INC., a
Maryland corporation
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By:
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/s/ Brian J.
Maas
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Its:
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Senior Vice
President
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HEALTH CARE PROPERTY PARTNERS,
a California general
partnership
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By:
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HCP, INC., a Maryland corporation,
its Managing General
Partner
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By:
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/s/ Brian J.
Maas
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Its:
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Senior Vice
President
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TEXAS HCP HOLDING, L.P.,
a Delaware limited
partnership
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By:
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TEXAS HCP G. P., INC.,
a Delaware corporation, its General
Partner
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By:
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/s/ Brian J.
Maas
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Its:
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Senior Vice
President
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LESSEE:
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KINDRED NURSING CENTERS EAST, L.L.C.,
a Delaware limited liability
company
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