EX-4.2 3 d862394dex42.htm EX-4.2 EX-4.2

Exhibit 4.2

AMENDED AND RESTATED

JUNIOR-PRIORITY COLLATERAL AGREEMENT

dated as of

February 2, 2021

among

CHS/COMMUNITY HEALTH SYSTEMS, INC.,

COMMUNITY HEALTH SYSTEMS, INC.,

the Subsidiaries of the Company

from time to time party hereto

and

REGIONS BANK,

as Junior-Priority Collateral Agent

Reference is made to (i) the ABL Intercreditor Agreement (as herein defined), (ii) the Senior-Junior Lien Intercreditor Agreement (as herein defined) and (iii) the Junior-Priority Lien Pari Passu Intercreditor Agreement (as herein defined and, together with the ABL Intercreditor Agreement and the Senior-Junior Lien Intercreditor Agreement, each as amended, restated, amended and restated, supplemented or modified from time to time, the “Intercreditor Agreements”). Notwithstanding anything herein to the contrary, the lien and security interest granted to the Junior-Priority Collateral Agent, for the benefit of the Secured Parties, pursuant to this Agreement and the exercise of any right or remedy by the Junior-Priority Collateral Agent and the other Secured Parties hereunder are subject to the provisions of the Intercreditor Agreements. In the event of any conflict or inconsistency between the terms of the Intercreditor Agreements and this Agreement, the terms of the Intercreditor Agreements shall govern.

 

 


TABLE OF CONTENTS1

 

         Page
ARTICLE I
Definitions

SECTION 1.01.

 

Indentures

   2

SECTION 1.02.

 

Other Defined Terms

   2
ARTICLE II
Pledge of Securities

SECTION 2.01.

 

Pledge

   16

SECTION 2.02.

 

Delivery of the Pledged Collateral

   18

SECTION 2.03.

 

Representations, Warranties and Covenants

   18

SECTION 2.04.

 

Certification of Limited Liability Company Interests and Limited Partnership Interests

   19

SECTION 2.05.

 

Registration in Nominee Name; Denominations

   20

SECTION 2.06.

 

Voting Rights; Dividends and Interest, Etc

   20
ARTICLE III
Security Interests in Personal Property

SECTION 3.01.

 

Security Interest

   22

SECTION 3.02.

 

Representations and Warranties

   25

SECTION 3.03.

 

Covenants

   27

SECTION 3.04.

 

Other Actions

   31

SECTION 3.05.

 

Covenants Regarding Patent, Trademark and Copyright Collateral

   33
ARTICLE IV
Remedies

SECTION 4.01.

 

Remedies Upon Default

   34

SECTION 4.02.

 

Application of Proceeds

   36

SECTION 4.03.

 

Grant of License to Use Intellectual Property

   37

SECTION 4.04.

 

Securities Act, Etc

   37

 

1 

NTD: ToC to be updated.


ARTICLE V
Indemnity, Subrogation and Subordination
SECTION 5.01.  

Indemnity and Subrogation

   38
SECTION 5.02.  

Contribution and Subrogation

   38

SECTION 5.03.

 

Subordination

   38
ARTICLE VI
Miscellaneous
SECTION 6.01.  

Notices

   39
SECTION 6.02.  

Security Interest Absolute

   40
SECTION 6.03.  

Survival of Agreement

   40
SECTION 6.04.  

Binding Effect; Several Agreement

   40
SECTION 6.05.  

Successors and Assigns

   40
SECTION 6.06.  

Junior-Priority Collateral Agent’s Fees and Expenses; Indemnification

   41
SECTION 6.07.  

Junior-Priority Collateral Agent Appointed Attorney-in-Fact

   41
SECTION 6.08.  

Applicable Law

   42
SECTION 6.09.  

Waivers; Amendment

   42
SECTION 6.10.  

WAIVER OF JURY TRIAL

   43
SECTION 6.11.  

Severability

   43
SECTION 6.12.  

Counterparts

   44
SECTION 6.13.  

Headings

   44
SECTION 6.14.  

Jurisdiction; Consent to Service of Process

   44
SECTION 6.15.  

Termination or Release

   45
SECTION 6.16.  

Additional Subsidiaries

   45
SECTION 6.17.  

Subject to Intercreditor Agreements

   46

 

ii


Schedules

 

Schedule I

 

Exact Legal Names of Each Grantor

Schedule II

 

Subsidiary Guarantors

Schedule III

 

Capital Stock; Stock Ownership; Pledged Debt Securities

Schedule IV

 

Debt Instruments; Advances

Schedule V

 

Mortgage Filings

Schedule VI

 

Intellectual Property

Schedule VII

 

Commercial Tort Claims

Exhibits

 

Exhibit A   

Form of Supplement

 

iii


AMENDED AND RESTATED JUNIOR-PRIORITY COLLATERAL AGREEMENT dated as of February 2, 2021 (this “Agreement”), among CHS/COMMUNITY HEALTH SYSTEMS, INC., a Delaware corporation (the “Company”), COMMUNITY HEALTH SYSTEMS, INC., a Delaware corporation (“Parent”), the Subsidiaries from time to time party hereto and REGIONS BANK (“Regions Bank”), as collateral agent for the Secured Parties (as defined below) (in such capacity and together with its successors in such capacity, the “Junior-Priority Collateral Agent”), Regions Bank, in its capacity as the 2023 Notes Authorized Representative and in its capacity as the 2024 Notes Authorized Representative (each as defined below) and each Additional Authorized Representative (as defined below) from time to time party hereto.

PRELIMINARY STATEMENT

Reference is made to (a) the Junior-Priority Collateral Agreement dated as of June 22, 2018 (as amended, restated, supplemented or otherwise modified prior to the date hereof, the “Existing Junior-Priority Collateral Agreement”), among the Company, Parent, the Subsidiaries of the Company from time to time party thereto and the Junior-Priority Collateral Agent, (b) that certain indenture, dated as of June 22, 2018, governing the Company’s Junior-Priority Senior Secured Notes due 2023 (such notes, the “2023 Notes”) (as amended, restated, supplemented or otherwise modified from time to time, the “2023 Notes Indenture”), among the Company, each Guarantor party thereto and Regions Bank, an Alabama banking corporation, as trustee (in such capacity and together with its successors in such capacity, the “2023 Notes Authorized Representative”) and as the Junior-Priority Collateral Agent, (c) that certain indenture, dated as of June 22, 2018, governing the Company’s 8.125% Junior-Priority Senior Secured Notes due 2024 (such notes, the “2024 Notes” and, together with the 2023 Notes, the “Notes”) (as amended, restated, supplemented or otherwise modified from time to time, the “2024 Notes Indenture” and, together with the 2023 Indenture, the “Indentures”), among the Company, each Guarantor party thereto and Regions Bank, an Alabama banking corporation, as trustee (in such capacity and together with its successors in such capacity, the “2024 Notes Authorized Representative”) and as the Junior-Priority Collateral Agent, (d) the Amended and Restated ABL Intercreditor Agreement (the “ABL Intercreditor Agreement”), dated as of June 22, 2018, among JPMorgan Chase Bank, N.A., as ABL Agent (as defined therein), Credit Suisse AG, as Senior-Priority Collateral Agent (as defined therein), Credit Suisse AG, as Senior-Priority Non-ABL Loan Agent (as defined therein), Regions Bank, as 2021 Secured Notes Trustee (as defined therein), Regions Bank, as 2023 Secured Notes Trustee (as defined therein), Regions Bank, as Junior-Priority Collateral Agent (as defined therein) Regions Bank, as trustee under the 2023 Notes Indenture, Regions Bank, as trustee under the 2024 Notes Indenture, the Company, Parent, the Subsidiaries of the Company from time to time party thereto and each Additional Agent (as defined therein) from time to time party thereto, (e) the Senior-Junior Lien Intercreditor Agreement (the “Senior-Junior Lien Intercreditor Agreement”), dated as of June 22, 2018, among Credit Suisse AG, Cayman Islands Branch, as Initial Senior-Priority Collateral Agent (as defined therein), Regions Bank, as Initial Junior-Priority Collateral Agent (as defined therein), the Company, Parent and each Additional Agent (as defined therein) from time to time party thereto for the Additional Holders (as defined therein), (f) the Junior-Priority Lien Pari Passu Intercreditor Agreement (the “Junior-Priority Lien Pari Passu Intercreditor Agreement” and, together with the ABL Intercreditor Agreement and the Senior-Junior Lien Intercreditor


Agreement, each as amended, restated, amended and restated, supplemented or modified from time to time, the “Intercreditor Agreements”), dated as of June 22, 2018, among Regions Bank, as collateral agent for the Junior-Priority Secured Parties (as defined therein), Regions Bank, in its capacity as the 2023 Notes Authorized Representative, Regions Bank, in its capacity as the 2024 Notes Authorized Representative and each additional Authorized Representative (as defined therein) from time to time party thereto for the Additional Junior-Priority Secured Parties (as defined therein) of the series with respect to which it is acting in such capacity and (g) any Pari Passu Agreements (such term and each other capitalized term used but not defined in this preliminary statement having the meaning given or ascribed to it in Article I).

Additionally, to the extent permitted by the Indentures, the Grantors may from time to time enter into Pari Passu Agreements, and the Obligations owed to the holders of Pari Passu Debt Obligations may be secured hereunder on a pari passu basis with the Junior-Priority Obligations.

Parent, the Company and each Guarantor desire to amend and restate the Existing Junior-Priority Collateral Agreement in the form hereof, to among other things, reaffirm their obligations under the Existing Junior-Priority Collateral Agreement and to make certain amendments thereto. Accordingly, the parties hereto agree to amend and restate the Existing Junior-Priority Collateral Agreement in its entirety as follows:

ARTICLE I

Definitions

SECTION 1.01. Indentures. (a) Capitalized terms used in this Agreement and not otherwise defined herein have the meanings set forth in the New York UCC (as such term is defined herein); provided that, if any definition given to such term in Chapter 9 of the New York UCC conflicts with the definition given to such term in any other chapter of the New York UCC, the Chapter 9 definition shall prevail. The following terms are used herein as defined in the New York UCC: “Accounts”, “Account Debtor”, “Chattel Paper”, “Commercial Tort Claims”, “Documents”, “Electronic Chattel Paper”, “Equipment”, “General Intangibles”, “Instruments”, “Inventory”, “Investment Property”, “Letter-of-Credit Rights” and “Proceeds”. All references to the Uniform Commercial Code shall mean the New York UCC.

(b) The rules of construction specified in Section 1.4 of the 2023 Notes Indenture also apply to this Agreement.

SECTION 1.02. Other Defined Terms. As used in this Agreement, the following terms have the meanings specified below:

2023 Notes” shall have the meaning assigned to such term in the preliminary statement.

2023 Notes Authorized Representative” shall have the meaning assigned to such term in the preliminary statement.

 

2


2023 Notes Indenture” shall have the meaning assigned to such term in the preliminary statement.

2023 Notes Obligations” shall mean any Obligations under the Note Documents in respect of the 2023 Notes.

2023 Notes Secured Parties” means the holders of the 2023 Notes Obligations and the 2023 Notes Authorized Representative.

2024 Notes” shall have the meaning assigned to such term in the preliminary statement.

2024 Notes Authorized Representative” shall have the meaning assigned to such term in the preliminary statement.

2024 Notes Indenture” shall have the meaning assigned to such term in the preliminary statement.

2024 Notes Obligations” shall mean any Obligations under the Note Documents in respect of the 2024 Notes.

2024 Notes Secured Parties” means the holders of the 2024 Notes Obligations and the 2024 Notes Authorized Representative.

ABL Collateral Agent” shall mean JPMorgan Chase Bank, N.A., in its capacity as collateral agent for the ABL Facility Secured Parties, together with its successors and permitted assigns under the ABL Facility Agreement and the ABL Facility Collateral Documents.

ABL Facility Agreement” shall mean (i) the ABL Credit Agreement dated as of April 3, 2018 among the Company, Parent, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, together with the related documents thereto (including the revolving loans thereunder, any letters of credit and reimbursement obligations related thereto, any guarantee and collateral agreement, patent and trademark security agreement, mortgages or letter of credit applications and other Guarantees, pledges, agreements, security agreements and collateral documents), (ii) any amendments, extensions, renewals, restatements, refundings, replacements, refinancings, supplements, modifications or other changes (in whole or in part, and without limitation as to amount, terms, conditions, covenants and other provisions) from time to time of the foregoing and (iii) any one or more additional agreements (and related documents) governing Indebtedness, including indentures, incurred to refinance, substitute, supplement, replace or add to (including increasing the amount available for borrowing or adding or removing any Person as a borrower, issuer or guarantor thereunder) in whole or in part, the borrowings and commitments then outstanding or permitted to be outstanding under (or otherwise incurred in compliance with) such ABL Facility Agreement (whether documented in the agreement for such ABL Facility Agreement or in a separate written instrument) or one or more successors to the ABL Facility Agreement.

 

3


ABL Facility Collateral Documents” shall mean the Guarantee and Collateral Agreement, dated as of April 3, 2018 (as amended, restated, supplemented or otherwise modified from time to time), among Parent, the Company certain of its Subsidiaries identified therein as guarantors and JPMorgan Chase Bank, N.A., as the collateral agent, together with the documents related thereto (including any supplements thereto), the ABL Intercreditor Agreement, the intellectual property security agreements, the mortgages and each other agreement, instrument or other document entered into in favor of the ABL Collateral Agent or any of the other ABL Facility Secured Parties for purposes of securing the ABL Facility Obligations (including the guarantees thereof), as the same may be amended, restated, supplemented or otherwise modified from time to time.

ABL Facility Obligations” shall mean (a) the due and punctual payment of (i) the principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the loans under the ABL Facility Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Company under the ABL Facility Agreement in respect of any letter of credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon and obligations to provide cash collateral, and (iii) all other monetary obligations of the Company to any of the ABL Facility Secured Parties under the ABL Facility Agreement, the ABL Facility Collateral Documents and each of the other loan documents in respect thereof, including fees, costs, expenses and indemnities, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), (b) the due and punctual performance of all other obligations of the Company under or pursuant to the ABL Facility Agreement, the ABL Facility Collateral Documents and each of the other loan documents in respect thereof and (c) the due and punctual payment and performance of all the obligations of Parent and each other Subsidiary of Parent under or pursuant to the ABL Facility Collateral Documents and each of the other loan documents in respect of the ABL Facility Agreement.

ABL Facility Secured Parties” shall mean (a) the holders of ABL Facility Obligations, (b) the Representative(s) with respect thereto and (c) the successors and assigns of each of the foregoing.

ABL Intercreditor Agreement” shall have the meaning assigned to such term in the preliminary statement.

ABL Priority Collateral” shall have the meaning assigned to such term in the ABL Intercreditor Agreement.

Accounts Receivable” shall mean all Accounts and all right, title and interest in any returned goods, together with all rights, titles, securities and guarantees with respect thereto, including any rights to stoppage in transit, replevin, reclamation and resales, and all related security interests, liens and pledges, whether voluntary or involuntary, in each case whether now existing or owned or hereafter arising or acquired.

 

4


Additional Authorized Representative” shall mean each additional Authorized Representative named in the applicable Officer’s certificate, delivered in accordance with Section 6.09(c), for a Series of Pari Passu Debt Obligations or Pari Passu Secured Parties (x) that became subject to the Existing Junior-Priority Collateral Agreement after June 22, 2018 or (y) will become subject to this Agreement on or after the Restatement Effective Date.

Additional Senior-Priority Obligation Collateral Documents” shall mean, in respect of any series of Additional Senior-Priority Obligations, each agreement, instrument or other document entered into in favor of the Representative(s) in respect of such Indebtedness or any of the other secured parties in respect thereof for purposes of securing the Obligations under such Indebtedness, as the same may be amended, restated, supplemented or otherwise modified from time to time.

Additional Senior-Priority Obligation Secured Parties” shall mean (a) the holders of any Additional Senior-Priority Obligations, (b) any Representative(s) with respect thereto and (c) the successors and assigns of each of the foregoing.

Additional Senior-Priority Obligations” shall mean any Obligations secured by a Senior-Priority Lien that are permitted to be incurred and permitted to be secured by a Senior-Priority Lien by the then existing Note Documents of each Series, the then existing Pari Passu Agreements and the then existing Senior-Priority Debt Documents.

Affiliate” shall mean any specified Person means any other Person, directly or indirectly, controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

Agreement” shall have the meaning assigned to such term in the preamble.

Applicable Priority Agent” shall mean, with respect to any Collateral, the applicable Priority Agent with respect to such Collateral.

Article 9 Collateral” shall have the meaning assigned to such term in Section 3.01.

Authorized Representative” means (i) in the case of the 2023 Notes Obligations or the 2023 Notes Secured Parties, the 2023 Notes Authorized Representative, (ii) in the case of the 2024 Notes Obligations or the 2024 Notes Secured Parties, the 2024 Notes Authorized Representative and (iii) in the case of any Series of Pari Passu Debt Obligations, the Authorized Representative named for such Series in accordance with Section 6.09(c).

Business Day” shall mean each day that is not a Saturday, Sunday or other day on which banking institutions in New York, New York, United States or the jurisdiction of the place of payment are authorized or required by law to close.

 

5


Capital Stock” of any Person shall mean any and all shares of, rights to purchase, warrants, options or depositary receipts for, or other equivalents of or partnership or other interests in (however designated), equity of such Person, including any Preferred Stock, but excluding any debt securities convertible into such equity.

Claiming Guarantor” shall have the meaning assigned to such term in Section 5.02.

Collateral” shall mean the Article 9 Collateral and the Pledged Collateral.

Company” shall have the meaning assigned to such term in the preamble.

Contractual Obligation” shall mean, as to any Person, any provision of any security issued by such person or of any agreement, instrument or undertaking to which such Person is a party or by which it or any of the property owned by it is bound.

Contributing Guarantor” shall have the meaning assigned to such term in Section 5.02.

Copyright License” shall mean any written agreement, now or hereafter in effect, granting any right to any third person under any registered copyright now or hereafter owned by any Grantor or that such Grantor otherwise has the right to license, or granting any right to any Grantor under any registered copyright now or hereafter owned by any third person, and all rights of such Grantor under any such agreement.

Copyrights” shall mean all of the following now owned or hereafter acquired by any Grantor: (a) all registered copyright rights in any work subject to the copyright laws of the United States or any other country, whether as author, assignee, transferee or otherwise, and (b) all registrations and applications for registration of any such copyright in the United States or any other country, including registrations, recordings, supplemental registrations and pending applications for registration in the United States Copyright Office (or any successor office or any similar office in any other country), including those registered and pending copyrights listed on Schedule VI.

Credit Agreement shall mean (i) the Fourth Amended and Restated Credit Agreement dated as of March 23, 2018, among the Company, Parent, the lenders party thereto and Credit Suisse AG, as administrative agent and collateral agent, together with the related documents thereto (including the revolving loans thereunder, any letters of credit and reimbursement obligations related thereto, any guarantee and collateral agreement, patent and trademark security agreement, mortgages or letter of credit applications and other Guarantees, pledges, agreements, security agreements and collateral documents), (ii) any amendments, extensions, renewals, restatements, refundings, replacements, refinancings, supplements, modifications or other changes (in whole or in part, and without limitation as to amount, terms, conditions, covenants and other provisions) from time to time of the foregoing and (iii) any one or more additional agreements (and related documents) governing Indebtedness, including indentures, incurred to refinance, substitute, supplement, replace or add to (including increasing the amount available for borrowing or adding or removing any Person as a borrower, issuer or guarantor thereunder) in whole or in part, the borrowings and commitments then outstanding or permitted to be outstanding under (or otherwise incurred in compliance with) such Credit Agreement (whether documented in the agreement for such Credit Agreement or in a separate written instrument) or one or more successors to the Credit Agreement.

 

6


Credit Agreement Collateral Documents” shall mean the Non-ABL Senior Collateral Agreement, the First Lien Intercreditor Agreement, ABL Intercreditor Agreement, the Senior-Junior Lien Intercreditor Agreement, the intellectual property security agreements, the mortgages and each other agreement, instrument or other document entered into in favor of the Non-ABL Senior Collateral Agent or any of the other Credit Agreement Secured Parties for purposes of securing the Credit Agreement Obligations (including the guarantees thereof), as the same may be amended, restated, supplemented or otherwise modified from time to time.

Credit Agreement Obligations” shall mean (a) the due and punctual payment of (i) the principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the loans under the Credit Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Company under the Credit Agreement in respect of any letter of credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon and obligations to provide cash collateral, and (iii) all other monetary obligations of the Company to any of the Credit Agreement Secured Parties under the Credit Agreement and each of the other loan documents in respect thereof, including fees, costs, expenses and indemnities, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), (b) the due and punctual performance of all other obligations of the Company under or pursuant to the Credit Agreement and each of the other loan documents in respect thereof, (c) the due and punctual payment and performance of all the obligations of Parent and each other Subsidiary of Parent under or pursuant to the Non-ABL Senior Collateral Agreement and each of the other loan documents in respect of the Credit Agreement and (d) the due and punctual payment and performance of all obligations of Parent and each Subsidiary of Parent under each hedging agreement or cash management arrangement that (i) was in effect on July 25, 2007 with a counterparty that is, or is an Affiliate of, the administrative agent or a lender under the Credit Agreement as of July 25, 2007 or (ii) is entered into after July 25, 2007 with any counterparty that is, or is an Affiliate of, the administrative agent or a lender under the Credit Agreement at the time such hedging agreement or cash management arrangement is entered into; provided, however, that the aggregate amount of obligations under cash management arrangements that shall constitute “Credit Agreement Obligations” shall not exceed $200.0 million at any time.

Credit Agreement Secured Parties” shall mean (a) the holders of Credit Agreement Obligations, (b) the Representatives with respect thereto and (c) the successors and assigns of each of the foregoing.

Credit Agreement Termination Event” shall mean the termination of all commitments and the payment in full of all amounts payable under the Fourth Amended and Restated Credit Agreement dated as of March 23, 2018, among the Company, Parent, the lenders party thereto and Credit Suisse AG, as administrative agent and collateral agent, on November

19, 2019 pursuant to the execution and delivery of a payoff later, dated November 19, 2019, by and among the Company, Parent and Credit Suisse AG, in its capacity as administrative agent.

 

7


Domestic Subsidiary” shall mean, with respect to any Person, any Restricted Subsidiary of such Person other than a Foreign Subsidiary.

Event of Default” shall mean any Event of Default under and as defined in any of (a) the 2023 Notes Indenture, (b) the 2024 Notes Indenture or (c) any Pari Passu Agreement, as the context requires, provided that any notice, lapse of time or other condition precedent to the occurrence of such Event of Default in the relevant instrument shall have been satisfied.

Exchange Offers” shall mean the exchange offers, commenced on May 4, 2018, made by the Company to holders of its outstanding 8.000% Senior Notes due 2019 (the “2019 Notes”), 7.125% Senior Notes due 2020 (the “2020 Notes”) and 6.875% Senior Notes due 2022 (the “2022 Notes” and, together with the 2019 Notes and the 2020 Notes, the “Old Notes”) to exchange such Old Notes (A) in the case of the 2019 Notes, for 2023 Notes and (B) in the case of the 2020 Notes and 2022 Notes, for 2024 Notes, on the terms and subject to the conditions set forth in the Company’s offering memorandum dated as of May 4, 2018.

Excluded Assets” shall have the meaning assigned to such term in Section 3.01.

Excluded Stock Collateral” shall have the meaning assigned to such term in Section 2.01.

Existing Secured Notes” shall mean (a) the $1,000,000,000 aggregate principal amount of 5.125% senior secured notes due 2021 issued by the Company on January 27, 2014 and (b) the $3,100,000,000 aggregate principal amount of 6.250% senior secured notes due 2023 issued by the Company (of which $2,200,000,000 aggregate principal amount was issued on March 16, 2017 and $900,000,000 aggregate principal amount was issued on May 12, 2017).

Existing Secured Notes Collateral Documents” shall mean the Non-ABL Senior Collateral Agreement, the First Lien Intercreditor Agreement, the ABL Intercreditor Agreement, the Senior-Junior Lien Intercreditor Agreement, the intellectual property security agreements, the mortgages and each other agreement, instrument or other document entered into in favor of the Non-ABL Senior Collateral Agent or any other Existing Secured Notes Secured Party for purposes of securing the Obligations in respect of any or all of the Existing Secured Notes (including the guarantees thereof), the Existing Secured Notes Collateral Documents and any or all of the indentures governing any or all of the Existing Secured Notes, as the same may be amended, restated, supplemented or otherwise modified from time to time.

Existing Secured Notes Secured Parties” shall mean (a) the holders of the Obligations in respect of any or all of the Existing Secured Notes, (b) the respective Representative(s) with respect thereto and (c) the successors and assigns of each of the foregoing.

Federal Securities Laws” shall have the meaning assigned to such term in Section 4.04.

 

8


First Lien Intercreditor Agreement” shall mean the First Lien Intercreditor Agreement, dated as of August 17, 2012, among Credit Suisse AG, as collateral agent and authorized representative, Regions Bank, as trustee and authorized representative, and the additional authorized representatives from time to time party thereto.

Foreign Subsidiary” shall mean, with respect to any Person, (i) any Subsidiary of such Person that is not organized or existing under the laws of the United States, any state thereof or the District of Columbia, and any Subsidiary of such Subsidiary and (ii) any Subsidiary of such Person that otherwise would be a Domestic Subsidiary substantially all of whose assets consist of Capital Stock and/or indebtedness of one or more Foreign Subsidiaries and any other assets incidental thereto.

Governmental Authority” shall mean any Federal, state, local or foreign court or governmental agency, authority, instrumentality or regulatory body.

Grantors” shall mean the Company and the Guarantors.

Guarantees” shall mean any obligation, contingent or otherwise, of any Person directly or indirectly guaranteeing any Indebtedness of any other Person, including any such obligation, direct or indirect, contingent or otherwise, of such Person:

(1) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness of such other Person (whether arising by virtue of partnership arrangements, or by agreements to keep-well, to purchase assets, goods, securities or services, to take-or-pay or to maintain financial statement conditions or otherwise); or

(2) entered into primarily for purposes of assuring in any other manner the obligee of such Indebtedness of the payment thereof or to protect such obligee against loss in respect thereof (in whole or in part);

provided, however, that the term “Guarantee” will not include (x) endorsements for collection or deposit in the ordinary course of business or consistent with past practice and (y) standard contractual indemnities or product warranties provided in the ordinary course of business; provided, further, that the amount of any Guarantee shall be deemed to be the lower of (i) an amount equal to the stated or determinable amount of the primary obligation in respect of which such Guarantee is made and (ii) the maximum amount for which such guaranteeing Person may be liable pursuant to the terms of the instrument embodying such Guarantee or, if such Guarantee is not an unconditional guarantee of the entire amount of the primary obligation and such maximum amount is not stated or determinable, the amount of such guaranteeing Person’s maximum reasonably anticipated liability in respect thereof as determined by such Person in good faith. The term “Guarantee” used as a verb has a corresponding meaning.

Guarantors” shall mean Parent and the Subsidiary Guarantors.

Indemnitees” shall have the meaning assigned to such term in Section 6.06.

 

9


Indebtedness” shall mean Indebtedness under and as defined in (a) the 2023 Notes Indenture, (b) the 2024 Notes Indenture or (c) any Pari Passu Agreement, as the context requires.

Indentures” shall have the meaning assigned to such term in the preliminary statement.

Intellectual Property” shall mean all intellectual property of any Grantor of every kind and nature now owned or hereafter acquired by any Grantor, including inventions, designs, Patents, Copyrights, Licenses, Trademarks, trade secrets, confidential or proprietary technical and business information, know-how, show-how or other data or information, software and databases and all embodiments or fixations thereof and related documentation and registrations, and all additions and improvements to any of the foregoing.

Intercreditor Agreements” shall have the meaning assigned to such term in the preliminary statement.

Junior-Priority Collateral Agent” shall have the meaning assigned to such term in the preamble.

Junior-Priority Lien Pari Passu Intercreditor Agreement” shall have the meaning assigned to such term in the preliminary statement.

Junior-Priority Obligations” shall mean the 2023 Notes Obligations, the 2024 Notes Obligations and the Pari Passu Debt Obligations.

Junior-Priority Secured Parties” means (i) the 2023 Notes Secured Parties, (ii) the 2024 Notes Secured Parties and (iii) the Pari Passu Secured Parties.

License” shall mean any Patent License, Trademark License, Copyright License or other license or sublicense agreement relating to Intellectual Property to which any Grantor is a party, including those listed on Schedule VI.

Lien” shall mean any mortgage, pledge, security interest, encumbrance, lien or charge of any kind (including any conditional sale or other title retention agreement or lease in the nature thereof).

Mortgaged Properties” shall mean, at any time, those certain parcels of real property owned by Parent or any of its Subsidiaries that at such time is subject to a mortgage Lien to secure Credit Agreement Obligations.

New York UCC” or “Uniform Commercial Code” shall mean the Uniform Commercial Code as from time to time in effect in the State of New York.

Non-ABL Priority Collateral” shall mean all assets of the Company and the Guarantors constituting Collateral, whether owned on or acquired after June 22, 2018, and not constituting ABL Priority Collateral, including cash, money, instruments, securities, financial assets and deposit accounts directly received as proceeds of any Non-ABL Priority Collateral.

 

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Non-ABL Senior Collateral Agent” shall mean Credit Suisse AG, in its capacity as collateral agent under the Non-ABL Senior Collateral Agreement, and any successor thereto in such capacity.

Non-ABL Senior Collateral Agreement” shall mean the Amended and Restated Guarantee and Collateral Agreement, dated as of July 25, 2007, as amended and restated as of November 5, 2010, as further amended on August 17, 2012, by and among Parent, the Company, certain of its Subsidiaries identified therein as guarantors and Credit Suisse AG, as the collateral agent, together with the documents related thereto (including the supplements thereto and certificates delivered thereunder designating indebtedness and other obligations as “Pari Passu Debt Obligations” thereunder), as amended, restated, supplemented or otherwise modified from time to time.

Non-Significant Subsidiary” means at any time, any Subsidiary of the Company (a) which at such time has total assets (on a book value basis (including the total assets of any subsidiaries of such Subsidiary on a book value basis)), or for which the Company or any of its Subsidiaries shall have paid (including the assumption of Indebtedness) in connection with the acquisition of Capital Stock or the total assets of such Subsidiary, less than $10.0 million or (b) which does not and will not itself or through its subsidiaries own a hospital or an interest in a hospital or manage or operate a hospital as a “Non-Significant Subsidiary”; provided that the total assets of all Non-Significant Subsidiaries at any time does not exceed 5.0% of the total assets of Parent, the Company and its Restricted Subsidiaries on a consolidated basis.

Note Documents” shall mean with respect to a series of Notes, the Notes of such series (including any additional Notes of such series issued after the original issue date), the Guarantees of such series of Notes, the Notes Collateral Documents in respect of such series of Notes and the Indenture in respect of such series of Notes.

Notes” shall have the meaning assigned to such term in the preliminary statement.

Notes Collateral Documents” shall mean, with respect to a series of Notes, this Agreement, the Intercreditor Agreements, the intellectual property security agreements, the mortgages and each other agreement, instrument or other document entered into in favor of the Junior-Priority Collateral Agent or any other Notes Secured Party for purposes of securing the Obligations in respect of such series of Notes (including the Guarantees thereof), the applicable Notes Collateral Documents and the applicable Indenture, as the same may be amended, restated, supplemented or otherwise modified from time to time.

Notes Secured Parties” shall mean with respect to a series of Notes, (a) the holders of Obligations in respect of such series of Notes (including the related Guarantees), the Notes Collateral Documents in respect of such series of Notes and the Indenture in respect of such series of Notes, (b) the Authorized Representative(s) in respect of such series of Notes and (c) the successors and assigns of each of the foregoing.

 

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Obligations” shall mean any principal, interest (including interest accruing on or after the filing of any petition in bankruptcy or for reorganization relating to the Company or any Guarantor whether or not a claim for Post-Petition Interest is allowed in such proceedings), penalties, fees, indemnifications, reimbursements (including, without limitation, reimbursement obligations with respect to letters of credit and bankers’ acceptances), damages and other liabilities payable under the documentation governing any Indebtedness.

Officer” shall mean, with respect to any Person, (1) the Chairman of the Board of Directors, the Chief Executive Officer, the President, the Chief Financial Officer, any Vice President, the Treasurer, any Managing Director, or the Secretary (a) of such Person or (b) if such Person is owned or managed by a single entity, of such entity, or (2) any other individual designated as an “Officer” for the purposes of the applicable Indenture by the Board of Directors of such Person.

Parent” shall have the meaning assigned to such term in the preamble.

Pari Passu Agreement” shall mean any indenture, credit agreement or other agreement, document or instrument, if any, pursuant to which any Grantor has or will incur, assume or otherwise become liable for, Pari Passu Debt Obligations, as the same may be amended, restated, supplemented or otherwise modified from time to time; provided that, in each case, the Indebtedness and other obligations thereunder have been designated as Pari Passu Debt Obligations pursuant to and in accordance with Section 6.09(c).

Pari Passu Debt Obligations” shall mean all advances to, and debts, liabilities, obligations, covenants and duties of, any Grantor arising under any Pari Passu Agreement, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), in each case, that have been designated as Pari Passu Debt Obligations pursuant to and in accordance with this Agreement and that the Representative in respect thereof has become party to this Agreement and the Intercreditor Agreements.

Pari Passu Secured Parties” shall mean (a) the holders of any Pari Passu Debt Obligations, (b) any Authorized Representative(s) with respect thereto and (c) the successors and assigns of each of the foregoing.

Patent License” shall mean any written agreement, now or hereafter in effect, granting to any third person any right to make, use or sell any invention on which a Patent, now or hereafter owned by any Grantor or that any Grantor otherwise has the right to license, is in existence, or granting to any Grantor any right to make, use or sell any invention on which a Patent, now or hereafter owned by any third person, is in existence, and all rights of any Grantor under any such agreement.

Patents” shall mean all of the following now owned or hereafter acquired by any Grantor: (a) all letters patent of the United States or the equivalent thereof in any other country, all registrations and recordings thereof, and all applications for letters patent of the United States or the equivalent thereof in any other country, including registrations, recordings and pending applications in the United States Patent and Trademark Office (or any successor or any similar

 

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offices in any other country), including those listed on Schedule VI, and (b) all reissues, continuations, divisions, continuations-in-part, renewals or extensions thereof, and the inventions disclosed or claimed therein, including the right to exclude others from making, using and/or selling the inventions disclosed or claimed therein.

Permitted Joint Venture Subsidiary” shall mean Permitted Joint Venture Subsidiary under and as defined in the Credit Agreement (as in effect immediately prior to the Credit Agreement Termination Event).

Permitted Liens” shall mean Permitted Liens under and as defined in (a) the 2023 Notes Indenture, (b) the 2024 Notes Indenture or (c) any Pari Passu Agreement, as the context requires.

Permitted Syndication Subsidiary” shall mean Permitted Syndication Subsidiary under and as defined in the Credit Agreement (as in effect immediately prior to the Credit Agreement Termination Event).

Person” shall mean any individual, corporation, partnership, joint venture, association, joint-stock company, trust, unincorporated organization, limited liability company, government or any agency or political subdivision thereof or any other entity.

Pledged Collateral” shall have the meaning assigned to such term in Section 2.01.

Pledged Debt Securities” shall have the meaning assigned to such term in Section 2.01.

Pledged Securities” shall mean any promissory notes, stock certificates or other securities now or hereafter included in the Pledged Collateral, including all certificates, instruments or other documents representing or evidencing any Pledged Collateral.

Pledged Stock” shall have the meaning assigned to such term in Section 2.01.

Post-Petition Interest” shall mean any interest or entitlement to fees or expenses or other charges that accrue after the commencement of any bankruptcy or insolvency proceeding, whether or not allowed or allowable as a claim in any such bankruptcy or insolvency proceeding.

Preferred Stock” as applied to the Capital Stock of any Person, means Capital Stock of any class or classes (however designated) which is preferred as to the payment of dividends or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such Person, over shares of Capital Stock of any other class of such Person.

Priority Agent” shall mean, with respect to any matter, the agent or representative from time to time under the relevant Intercreditor Agreement or Agreements (other than the Junior-Priority Lien Pari Passu Intercreditor Agreement) who has authority to act on such matter for the holders of the related Senior-Priority Obligations.

 

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Regions Bank” shall have the meaning assigned to such term in the preamble.

Representative” shall mean, with respect to any Person, such Person’s designated agent.

Restatement Effective Date” shall mean February 2, 2021.

Restricted Subsidiary” shall mean any Subsidiary of the Company other than an Unrestricted Subsidiary.

Rule 3-16” shall have the meaning assigned to such term in Section 2.01.

SEC” shall mean the U.S. Securities and Exchange Commission or any successor thereto.

Secured Parties” shall mean the Notes Secured Parties and any Pari Passu Secured Parties.

Securities Act” shall mean the U.S. Securities Act of 1933, as amended, and the rules and regulations of the SEC promulgated thereunder, as amended.

Securitization Subsidiary” shall mean Securitization Subsidiary under and as defined in the Credit Agreement (as in effect immediately prior to the Credit Agreement Termination Event).

Security Interest” shall have the meaning assigned to such term in Section 3.01.

Senior-Junior Lien Intercreditor Agreement” shall have the meaning assigned to such term in the preliminary statement.

Senior-Priority Collateral Documents” shall mean collectively, the Existing Secured Notes Collateral Documents, the Credit Agreement Collateral Documents, the ABL Facility Collateral Documents and the Additional Senior-Priority Obligation Collateral Documents.

Senior-Priority Debt Documents” shall mean, with respect to any class of Senior-Priority Obligations, the credit agreements, loan agreements, notes, indentures, Senior-Priority Collateral Documents or other operative agreements evidencing or governing such Senior-Priority Obligations, as the same may be amended, restated, supplemented or otherwise modified from time to time.

Senior-Priority Lien” shall mean any Lien on Collateral in favor of the Senior-Priority Secured Parties that is senior in priority to the Lien on such Collateral in favor of the Junior-Priority Secured Parties pursuant to, and in accordance with, the Intercreditor Agreements.

 

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Senior-Priority Obligations” shall mean the Obligations in respect of the Existing Secured Notes, the Credit Agreement Obligations, the ABL Facility Obligations and any Additional Senior-Priority Obligations secured by the Collateral on a pari passu basis (but without regard to control of remedies) with any series of Existing Secured Notes, the Credit Agreement Obligations or the ABL Facility Obligations (and, in each case, any and all guarantees in respect thereof).

Senior-Priority Registered Debt Securities” shall have the meaning assigned to such term in Section 2.01.

Senior-Priority Secured Parties” shall mean (a) the ABL Facility Secured Parties, (b) the Credit Agreement Secured Parties, (c) the Existing Secured Notes Secured Parties and (d) any Additional Senior-Priority Obligation Secured Parties.

Series” shall mean (a) the 2023 Notes Obligations, (b) the 2024 Notes Obligations and (c) any Pari Passu Debt Obligations which are represented by a common Authorized Representative.

Subsidiary” shall mean, with respect to any Person, (1) any corporation, association, or other business entity (other than a partnership, joint venture, limited liability company or similar entity) of which more than 50% of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time of determination owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof; or (2) any partnership, joint venture, limited liability company or similar entity of which:

(a) more than 50% of the capital accounts, distribution rights, total equity and voting interests or general or limited partnership interests, as applicable, are owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof whether in the form of membership, general, special or limited partnership interests or otherwise; and

(b) such Person or any Subsidiary of such Person is a controlling general partner or otherwise controls such entity.

Subsidiary Guarantors” shall mean (a) the Subsidiaries identified on Schedule II hereto as Subsidiary Guarantors and (b) each other Subsidiary that becomes a party to this Agreement as a Grantor after the Restatement Effective Date.

Taxes” shall mean all present and future taxes, levies, imposts, deductions, charges, duties and withholdings and any charges of a similar nature (including interest, penalties and other liabilities with respect thereto) that are imposed by any government or other taxing authority.

Trademark License” shall mean any written agreement, now or hereafter in effect, granting to any third person any right to use any trademark now or hereafter owned by any Grantor or that any Grantor otherwise has the right to license, or granting to any Grantor any right to use any trademark now or hereafter owned by any third person, and all rights of any Grantor under any such agreement.

 

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Trademarks” shall mean all of the following now owned or hereafter acquired by any Grantor: (a) all registered trademarks, service marks, trade names, corporate names, company names, business names, fictitious business names, trade styles, trade dress, logos, other source or business identifiers, designs and general intangibles of like nature, now existing or hereafter adopted or acquired, all registrations and recordings thereof, and all registration and recording applications filed in connection therewith, including registrations and applications for registration (other than intent-to-use applications) in the United States Patent and Trademark Office (or any successor office) or any similar offices in any State of the United States, and all extensions or renewals thereof, including those listed on Schedule VI, and (b) all goodwill associated therewith or symbolized thereby.

Transactions” shall mean Exchange Offers and the other transactions in connection therewith.

Unrestricted Subsidiary” shall mean any Subsidiary of the Company that at the time of determination is an Unrestricted Subsidiary under a then existing Indenture.

ARTICLE II

Pledge of Securities

SECTION 2.01. Pledge. (a) As security for the payment or performance, as the case may be, in full of the Junior-Priority Obligations, each Grantor hereby assigns and pledges to the Junior-Priority Collateral Agent, its successors and permitted assigns, for the ratable benefit of the Secured Parties, and hereby grants to the Junior-Priority Collateral Agent, its successors and permitted assigns, for the ratable benefit of the Secured Parties, a security interest in, all of such Grantor’s right, title and interest in, to and under (a)(i) the Capital Stock owned by such Grantor on June 22, 2018 (including all such Capital Stock listed on Schedule III), (ii) any other Capital Stock obtained after June 22, 2018 by such Grantor and (iii) the certificates representing all such Capital Stock (all the foregoing collectively referred to herein as the “Pledged Stock”) (provided, however, that the Pledged Stock shall not include (A) more than 65% of the outstanding voting Capital Stock in any Foreign Subsidiary of the Company, (B) any Capital Stock in any Non-Significant Subsidiary, (C) any Capital Stock in any Permitted Syndication Subsidiary, any Securitization Subsidiary or any Permitted Joint Venture Subsidiary to the extent the pledge of the Capital Stock in such Subsidiary is prohibited by any applicable Contractual Obligation or requirement of law, or (D) any minority Capital Stock), (b)(i) the debt securities held by such Grantor on June 22, 2018 (including all such debt securities listed opposite the name of such Grantor on Schedule III), (ii) any debt securities in the future issued to such Grantor after June 22, 2018 and (iii) the promissory notes and any other instruments evidencing such debt securities (excluding any promissory notes issued by employees of any Grantor) (all the foregoing collectively referred to herein as the “Pledged Debt Securities”), (c) all other property that may be delivered to and held by the Junior-Priority Collateral Agent pursuant to the terms of this Section 2.01, (d) subject to Section 2.06, all payments of principal or interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of, in exchange for or upon the conversion of, and all other Proceeds received in respect of, the securities referred to in clauses (a) and (b) above,

 

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(e) subject to Section 2.06, all rights and privileges of such Grantor with respect to the securities and other property referred to in clauses (a), (b), (c) and (d) above, and (f) all Proceeds of any of the foregoing (the items referred to in clauses (a) through (f) above being collectively referred to as the “Pledged Collateral”).

(b) Notwithstanding anything herein to the contrary, “Pledged Collateral” shall be limited as follows: (i) so long as the Existing Secured Notes or any other hereafter issued debt securities of the Company constituting Senior-Priority Obligations that are registered under the Securities Act (together with the Existing Secured Notes, the “Senior-Priority Registered Debt Securities”) are outstanding and subject to Rule 3-16 of Regulation S-X under the Securities Act (“Rule 3-16”), the stock, other Capital Stock and other securities of a Subsidiary of Parent otherwise constituting Pledged Collateral will constitute Pledged Collateral only to the extent that such stock, Capital Stock and other securities can secure the Senior-Priority Registered Debt Securities without Rule 3-16 (or any other U.S. Federal law, rule or regulation) requiring separate financial statements of such Subsidiary to be filed with the SEC (or any other U.S. Federal government agency), (ii) in the event that Rule 3-16 (or any such other U.S. Federal law, rule or regulation) requires or is amended, modified or interpreted by the SEC to require (or is replaced with another rule or regulation, or any other law, rule or regulation is adopted, which would require) the filing with the SEC (or any other governmental agency) of separate financial statements of any Subsidiary due to the fact that such Subsidiary’s stock, Capital Stock or other securities secure any such Senior-Priority Registered Debt Securities, then the stock, Capital Stock and other securities of such Subsidiary shall automatically be deemed not to be part of the Pledged Collateral (but only to the extent necessary to not be subject to such requirement) (such excluded portions of the stock, Capital Stock and other securities, the “Excluded Stock Collateral”); provided, however, that if (a) Rule 3-16 is thereafter amended, modified or interpreted by the SEC to permit (or is replaced with another rule or regulation, or any law, rule or regulation is adopted, which would permit) such Subsidiary’s stock, Capital Stock and other securities to secure any such Senior-Priority Registered Debt Securities in excess of the amount then pledged without filing with the SEC (or any other U.S. Federal governmental agency) of separate financial statements of such Subsidiary or (b) no Senior-Priority Registered Debt Securities are outstanding, then, in either case, the stock, Capital Stock and other securities of such Subsidiary shall automatically be deemed to be Pledged Collateral (but, in the case of clause (i) above, only to the extent necessary to not be subject to any such financial statement requirement) and (iii) in the event that a registration statement with respect to any Series of Pari Passu Debt Obligations has been filed with the SEC and is effective, the “Pledged Collateral” securing any such Series shall, at all times while any debt securities of such Series are outstanding and subject to Rule 3-16, automatically be deemed not to include any Capital Stock which, if pledged to secure such Series, would require the Company to file separate financial statements for any Subsidiary with the SEC; provided that, the limitation in this paragraph (b)(iii) shall not be applied to the Junior-Priority Obligations or to any Series of Pari Passu Debt Obligations for which no such registration statement has been filed or is effective.

TO HAVE AND TO HOLD the Pledged Collateral, together with all right, title, interest, powers, privileges and preferences pertaining or incidental thereto, unto the Junior-Priority Collateral Agent, its successors and permitted assigns, for the ratable benefit of the Secured Parties, forever; subject, however, to the terms, covenants and conditions hereinafter set forth.

 

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SECTION 2.02. Delivery of the Pledged Collateral. (a) Each Grantor agrees promptly to deliver or cause to be delivered any and all certificates, promissory notes, instruments or other documents representing or evidencing Pledged Securities (other than Pledged Debt Securities with a face amount less than $1,000,000) to (i) the Applicable Priority Agent or its designee (so long as Senior-Priority Obligations are outstanding, other than ABL Facility Obligations) or (ii) the Junior-Priority Collateral Agent.

(b) Each Grantor agrees promptly to deliver or cause to be delivered any and all Pledged Debt Securities with a face amount in excess of $1,000,000 to (i) the Applicable Priority Agent or its designee (so long as Senior-Priority Obligations are outstanding, other than ABL Facility Obligations) or (ii) the Junior-Priority Collateral Agent.

(c) Upon delivery to the Applicable Priority Agent or the Junior-Priority Collateral Agent, as applicable, (i) any certificates, promissory notes, instruments or other documents representing or evidencing pledges of Capital Stock shall be accompanied by undated stock powers duly executed in blank or other undated instruments of transfer satisfactory to the Applicable Priority Agent or the Junior-Priority Collateral Agent, as applicable, and duly executed in blank and by such other instruments and documents as the Applicable Priority Agent or the Junior-Priority Collateral Agent, as applicable, may reasonably request and (ii) all other property comprising part of the Pledged Collateral shall be accompanied by proper instruments of assignment duly executed by the applicable Grantor and such other instruments or documents as the Applicable Priority Agent or the Junior-Priority Collateral Agent, as applicable, may reasonably request. Each delivery of Pledged Securities shall be accompanied by a schedule describing the applicable securities, which schedule shall be attached hereto as Schedule III and made a part hereof; provided that failure to attach any such schedule hereto shall not affect the validity of the pledge of such Pledged Securities. Each schedule so delivered shall supplement any prior schedules so delivered.

SECTION 2.03. Representations, Warranties and Covenants. The Grantors jointly and severally represent, warrant and covenant to and with the Junior-Priority Collateral Agent, for the benefit of the Secured Parties, that:

(a) As of the Restatement Effective Date, Schedule III correctly sets forth the percentage of the issued and outstanding shares of each class of the Capital Stock of the issuer thereof represented by such Pledged Stock and includes all Capital Stock, debt securities and promissory notes required to be pledged hereunder;

(b) as of the Restatement Effective Date, Schedule IV correctly sets forth all promissory notes and other evidence of indebtedness required to be pledged hereunder including all intercompany notes between Parent and any subsidiary of Parent and any subsidiary of Parent and any other such subsidiary;

(c) the Pledged Stock and Pledged Debt Securities have been duly and validly authorized and issued by the issuers thereof and (i) in the case of Pledged Stock, are fully paid and nonassessable and (ii) in the case of Pledged Debt Securities, are legal, valid and binding obligations of the issuers thereof;

 

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(d) except for the security interests granted hereunder or otherwise permitted under the Indentures or the other Note Documents, each Grantor (i) is and, subject to any transfers made in compliance with the Indentures, will continue to be the direct owner, beneficially and of record, of the Pledged Securities indicated on Schedule III as owned by such Grantor, (ii) holds the same free and clear of all Liens other than Permitted Liens, and (iii) will not create or permit to exist any security interest in or other Lien on, the Pledged Collateral, other than in compliance with the Indentures and the other Note Documents;

(e) except for restrictions and limitations imposed by any Pari Passu Agreement, the Note Documents, the Intercreditor Agreements or securities or other laws generally, the Pledged Collateral is and will continue to be freely transferable and assignable, and none of the Pledged Collateral is or will be subject to any option, right of first refusal, shareholders agreement, charter or by-law provisions or contractual restriction of any nature that might prohibit, impair, delay or otherwise affect the pledge of such Pledged Collateral hereunder, the sale or disposition thereof pursuant hereto or the exercise by the Junior-Priority Collateral Agent of rights and remedies hereunder other than Permitted Liens;

(f) each Grantor (i) has the power and authority to pledge the Pledged Collateral pledged by it hereunder in the manner hereby done or contemplated and (ii) will defend its title or interest thereto or therein against any and all Liens (other than any Lien created or permitted by the Note Documents or any Pari Passu Agreement), however arising, of all persons whomsoever;

(g) no material consent or approval of any Governmental Authority or any securities exchange was or is necessary to the validity of the pledge effected hereby (other than such as have been obtained and are in full force and effect);

(h) by virtue of the execution and delivery by each Grantor of this Agreement, when any Pledged Securities are delivered to the Applicable Priority Agent or the Junior-Priority Collateral Agent in accordance with this Agreement, the Junior-Priority Collateral Agent will obtain a legal, valid and perfected lien upon and security interest in such Pledged Securities, as security for the payment and performance of the Junior-Priority Obligations; and

(i) subject to the terms of the Intercreditor Agreements, the pledge effected hereby is effective to vest in the Junior-Priority Collateral Agent, for the ratable benefit of the Secured Parties, the rights of the Junior-Priority Collateral Agent in the Pledged Collateral as set forth herein.

SECTION 2.04. Certification of Limited Liability Company Interests and Limited Partnership Interests. If any Pledged Collateral is not a security pursuant to Section 8-103 of the Uniform Commercial Code, no Grantor shall take any action that, under such Section, converts such Pledged Collateral into a security without causing the issuer thereof to issue to it certificates or instruments evidencing such Pledged Collateral, which it shall promptly deliver to the Applicable Priority Agent or the Junior-Priority Collateral Agent, as applicable, as provided in Section 2.02.

 

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SECTION 2.05. Registration in Nominee Name; Denominations. Subject to the terms of the Intercreditor Agreements, the Junior-Priority Collateral Agent, on behalf of the Secured Parties, shall have the right (in its sole and absolute discretion), upon the occurrence and during the continuance of an Event of Default, to hold the Pledged Securities in its own name as pledgee, the name of its nominee (as pledgee or as sub-agent) or the name of the applicable Grantor, endorsed or assigned in blank or in favor of the Junior-Priority Collateral Agent. Each Grantor will promptly give to the Junior-Priority Collateral Agent copies of any material written notices or other material written communications received by it with respect to Pledged Securities in its capacity as the registered owner thereof. After the occurrence and during the continuance of an Event of Default, subject to the terms of the Intercreditor Agreements, the Junior-Priority Collateral Agent shall at all times have the right to exchange the certificates representing Pledged Securities for certificates of smaller or larger denominations for any purpose consistent with this Agreement.

SECTION 2.06. Voting Rights; Dividends and Interest, Etc. (a) Unless and until an Event of Default shall have occurred and be continuing and the Junior-Priority Collateral Agent shall have given the Grantors notice of its intent to exercise its rights under this Agreement (which notice shall be deemed to have been given immediately upon the occurrence of an Event of Default under Section 6.1(a)(6) or (7) of the 2023 Notes Indenture):

(i) Each Grantor shall be entitled to exercise any and all voting and/or other consensual rights and powers inuring to an owner of Pledged Securities or any part thereof for any purpose consistent with the terms of this Agreement, the Indentures and the other Note Documents; provided, however, that such rights and powers shall not be exercised in any manner that could reasonably be expected to materially and adversely affect the rights inuring to a holder of any Pledged Securities or the rights and remedies of any of the Junior-Priority Collateral Agent or the other Secured Parties under this Agreement, any Pari Passu Agreement, the Indentures or any other Note Documents or the ability of the Secured Parties to exercise the same.

(ii) The Junior-Priority Collateral Agent shall execute and deliver to each Grantor, or cause to be executed and delivered to each Grantor, all such proxies, powers of attorney and other instruments as such Grantor may reasonably request for the purpose of enabling such Grantor to exercise the voting and/or consensual rights and powers it is entitled to exercise pursuant to paragraph (i) above.

(iii) Each Grantor shall be entitled to receive and retain any and all dividends, interest, principal and other distributions paid on or distributed in respect of the Pledged Securities to the extent and only to the extent that such dividends, interest, principal and other distributions are permitted by, and otherwise paid or distributed in accordance with, the terms and conditions of the Indentures, the other Note Documents, and any Pari Passu Agreement, and applicable law; provided, however, that any noncash dividends, interest, principal

 

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or other distributions that would constitute Pledged Stock or Pledged Debt Securities, whether resulting from a subdivision, combination or reclassification of the outstanding Capital Stock of the issuer of any Pledged Securities or received in exchange for Pledged Securities or any part thereof, or in redemption thereof, or as a result of any merger, consolidation, acquisition or other exchange of assets to which such issuer may be a party or otherwise, shall be and become part of the Pledged Collateral, and, if received by any Grantor, shall not be commingled by such Grantor with any of its other funds or property but shall be held separate and apart therefrom, shall be held in trust for the ratable benefit of the Secured Parties and shall be forthwith delivered to the Junior-Priority Collateral Agent in the same form as so received (with any necessary endorsement or instrument of assignment). This paragraph (iii) shall not apply to dividends between or among the Company, the Guarantors and any Subsidiaries only of property subject to a perfected security interest under this Agreement.

(b) Subject to the terms of the Intercreditor Agreements, to the fullest extent permitted by applicable law, upon the occurrence and during the continuance of an Event of Default, after the Junior-Priority Collateral Agent shall have notified (or shall be deemed to have notified pursuant to Section 2.06(a)) the Grantors of the suspension of their rights under paragraph (a)(iii) of this Section 2.06, then:

(i) all rights of any Grantor to dividends, interest, principal or other distributions that such Grantor is authorized to receive pursuant to paragraph (a)(iii) of this Section 2.06 shall cease, and all such rights shall thereupon become vested in the Junior-Priority Collateral Agent, which shall have the sole and exclusive right and authority to receive and retain such dividends, interest, principal or other distributions;

(ii) all dividends, interest, principal or other distributions received by any Grantor contrary to the provisions of this Section 2.06 shall be held in trust for the benefit of the Junior-Priority Collateral Agent, shall be segregated from other property or funds of such Grantor and shall be forthwith delivered to the Junior-Priority Collateral Agent upon demand in the same form as so received (with any necessary endorsement or instrument of assignment); and

(iii) any and all money and other property paid over to or received by the Junior-Priority Collateral Agent pursuant to the provisions of this paragraph (b) shall be retained by the Junior-Priority Collateral Agent in an account to be established by the Junior-Priority Collateral Agent upon receipt of such money or other property and shall be applied in accordance with the provisions of Section 4.02.

After all Events of Default have been cured or waived and each applicable Grantor has delivered to each Authorized Representative certificates to that effect, the Junior-Priority Collateral Agent shall, promptly after all such Events of Default have been cured or waived, repay to each applicable Grantor (without interest) all dividends, interest, principal or other distributions that such Grantor would otherwise be permitted to retain pursuant to the terms of paragraph (a)(iii) of this Section 2.06 and that remain in such account.

 

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(c) Subject to the terms of the Intercreditor Agreements, upon the occurrence and during the continuance of an Event of Default, after the Junior-Priority Collateral Agent shall have notified (or shall be deemed to have notified pursuant to Section 2.06(a)) the Grantors of the suspension of their rights under paragraph (a)(i) of this Section 2.06, then all rights of any Grantor to exercise the voting and consensual rights and powers it is entitled to exercise pursuant to paragraph (a)(i) of this Section 2.06, and the obligations of the Junior-Priority Collateral Agent under paragraph (a)(ii) of this Section 2.06, shall cease, and, subject to compliance with any applicable healthcare laws, all such rights shall thereupon become vested in the Junior-Priority Collateral Agent, which shall have the sole and exclusive right and authority to exercise such voting and consensual rights and powers; provided that the Junior-Priority Collateral Agent shall have the right from time to time following and during the continuance of an Event of Default to permit the Grantors to exercise such rights. After all Events of Default have been cured or waived and each applicable Grantor has delivered to each Authorized Representative a certificate to that effect, such voting and consensual rights shall automatically vest in the applicable Grantor, and the Junior-Priority Collateral Agent shall (1) take such steps reasonably requested by the applicable Grantor, at such Grantor’s expense, to allow all Pledged Securities registered under its name to be registered under the name of the applicable Grantor and (2) promptly repay to each applicable Grantor (without interest) all dividends, interest, principal or other distributions that such Grantor would otherwise have been permitted to retain pursuant to the terms of paragraph (a) of this Section 2.06 that were not applied to repay the Junior-Priority Obligations.

(d) Any notice given by the Junior-Priority Collateral Agent to the Grantors exercising its rights under paragraph (a) of this Section 2.06 (i) may be given by telephone if promptly confirmed in writing, (ii) may be given to one or more of the Grantors at the same or different times and (iii) may suspend the rights of the Grantors under paragraph (a)(i) or paragraph (a)(iii) in part without suspending all such rights (as specified by the Junior-Priority Collateral Agent in its sole and absolute discretion) and without waiving or otherwise affecting the Junior-Priority Collateral Agent’s rights to give additional notices from time to time suspending other rights so long as an Event of Default has occurred and is continuing.

ARTICLE III

Security Interests in Personal Property

SECTION 3.01. Security Interest. (a) As security for the payment or performance, as the case may be, in full of the Junior-Priority Obligations, each Grantor hereby assigns and pledges to the Junior-Priority Collateral Agent, its successors and permitted assigns, for the ratable benefit of the Secured Parties, and hereby grants to the Junior-Priority Collateral Agent, its successors and permitted assigns, for the ratable benefit of the Secured Parties, a security interest (the “Security Interest”), in all right, title or interest in or to any and all of the following assets and properties now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest (collectively, the “Article 9 Collateral”):

 

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(i) all Accounts;

(ii) all Chattel Paper;

(iii) all Documents;

(iv) all Equipment;

(v) all General Intangibles;

(vi) all Instruments;

(vii) all Inventory;

(viii) all Investment Property;

(ix) all Letter-of-Credit Rights;

(x) all Commercial Tort Claims;

(xi) all books and records pertaining to the Article 9 Collateral; and

(xii) to the extent not otherwise included, all Proceeds and products of any and all of the foregoing and all collateral security and guarantees given by any person with respect to any of the foregoing.

Notwithstanding anything herein to the contrary, in no event shall the Collateral include, and no Grantor shall be deemed to have granted a security interest in, the following property and assets of the Grantors: (I) any General Intangible, Instrument, license, property right, permit or any other contract or agreement to which a Grantor is a party or any of its rights or interests thereunder if and for so long as the grant of such security interest will constitute or result in (x) the abandonment, invalidation or unenforceability of any right, title or interest of the Grantor therein, (y) a violation of a valid and enforceable restriction in respect of such General Intangible, Instrument, license, property right, permit or any other contract or agreement or other such rights (1) in favor of a third party or (2) under any law, regulation, permit, order or decree of any Governmental Authority or (z) a breach or termination (or result in any party thereto having the right to terminate) pursuant to the terms of, or a default under, such General Intangible, Instrument, license, property right, permit or any other contract or agreement (other than to the extent that any such term would be rendered ineffective pursuant to Section 9-406, 9-407, 9-408 or 9-409 of the New York UCC or any other applicable law or principles of equity); provided, however, that such security interest will attach immediately at such time as the condition causing such abandonment, invalidation, unenforceability or breach or termination, as the case may be, is remedied and, to the extent severable, any portion of such General Intangible, Instrument, license, property right, permit or any other contract or agreement that does not result in any of the consequences specified in the immediately preceding clause (x), (y) or (z),

 

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including any proceeds of such General Intangible, Instrument, license, property rights, permit or any other contract or agreement, will become Collateral immediately, (II) more than 65% of the outstanding voting Capital Stock in any Foreign Subsidiary of the Company; (III) any Capital Stock in any Non-Significant Subsidiary; (IV) any Capital Stock in any Permitted Syndication Subsidiary, any Securitization Subsidiary or any Permitted Joint Venture Subsidiary to the extent the pledge of the Capital Stock in such Subsidiary is prohibited by any applicable Contractual Obligation or requirement of law; (V) any vehicle or other asset subject to certificate of title; (VI) any asset that requires perfection through control agreements (including, to the extent required in the relevant jurisdiction for deposit accounts and investment property); (VII) any minority Capital Stock; (VIII) (A) with respect to any assets that would otherwise constitute Non-ABL Priority Collateral, any such assets with respect to which the Non-ABL Senior Collateral Agent reasonably determines that the cost of creating and/or perfecting a security interest therein is excessive in relation to the benefit to the Senior-Priority Secured Parties (other than the ABL Facility Secured Parties) or that the granting or perfection of a security interest therein would violate applicable law or regulation and (B) with respect to any assets that would otherwise constitute ABL Priority Collateral, any such assets with respect to which the ABL Collateral Agent reasonably determines that the cost of creating and/or perfecting a security interest therein is excessive in relation to the benefit to the ABL Facility Secured Parties or that the granting or perfection of a security interest therein would violate applicable law or regulation; (IX) any assets (other than any General Intangible, Instrument, license, property right, permit or any other contract or agreement) owned by any Grantor that are subject to (i) any Lien existing on any property or asset prior to the acquisition thereof by the Company or any Subsidiary or existing on any property or assets of any Person that becomes a Subsidiary after July 25, 2007 prior to the time such person becomes a Subsidiary, as the case may be; provided that (x) such Lien is not created in contemplation of or in connection with such acquisition or such Person becoming a Subsidiary, (y) such Lien does not apply to any other property or assets of Parent, the Company or any Subsidiary (other than affixed or incorporated into the property covered by such Lien) and (z) such Lien secures only those obligations which it secures on the date of such acquisition or the date such Person becomes a Subsidiary, as the case may be, and any extensions, renewals, refinancings or replacements of such obligations; or (ii) Liens securing Indebtedness to finance the acquisition, construction or improvement of fixed or capital assets; provided that (x) such security interests are incurred, and the Indebtedness secured thereby is created, within 270 days after such acquisition, construction or improvement, and (y) such security interests do not apply to any other property or assets of the Company or any Subsidiary, except for accessions to the property financed with the proceeds of such Indebtedness and the proceeds and the products thereof; provided that individual financings of equipment provided by one lender may be cross-collateralized to other financings of equipment provided by such lender secured by a Lien incurred pursuant to this clause (ii), and in the case of each of clause (i) and (ii) above, only to the extent and for so long as such Lien exists and the terms of the Indebtedness or Obligations secured thereby prevent the grant of a security interest in such assets to secure Senior-Priority Obligations or Junior-Priority Obligations; (X) Excluded Stock Collateral but only to the extent that, and for so long as, the inclusion of such Excluded Stock Collateral as collateral for any outstanding Senior-Priority Registered Debt Securities would have required the Company to file separate financial statements for any subsidiary with the SEC; and (XI) any leasehold interest in real property (collectively, the “Excluded Assets”).

 

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(b) Each Grantor hereby irrevocably authorizes the Junior-Priority Collateral Agent at any time and from time to time to file in any relevant jurisdiction any initial financing statements (including fixture filings) with respect to the Article 9 Collateral or any part thereof and amendments thereto that (i) indicate the Article 9 Collateral as “all assets” of such Grantor or words of similar effect, and (ii) contain the information required by Article 9 of the Uniform Commercial Code of each applicable jurisdiction for the filing of any financing statement or amendment, including (A) whether such Grantor is an organization, the type of organization and any organizational identification number issued to such Grantor and (B) in the case of a financing statement filed as a fixture filing, a sufficient description of the real property to which such Article 9 Collateral relates. Each Grantor agrees to provide such information to the Junior-Priority Collateral Agent promptly upon request.

(c) Each Grantor also ratifies its authorization for the Junior-Priority Collateral Agent to file in any relevant jurisdiction any initial financing statements or amendments thereto if filed prior to the Restatement Effective Date.

(d) The Junior-Priority Collateral Agent is further authorized to file with the United States Patent and Trademark Office or United States Copyright Office (or any successor office) such documents as may be necessary or advisable for the purpose of perfecting, confirming, continuing, enforcing or protecting the Security Interest granted by each Grantor, without the signature of any Grantor, and naming any Grantor or the Grantors as debtors and the Junior-Priority Collateral Agent as secured party.

(e) The Security Interest is granted as security only and shall not subject the Junior-Priority Collateral Agent or any other Secured Party to, or in any way alter or modify, any obligation or liability of any Grantor with respect to or arising out of the Article 9 Collateral.

SECTION 3.02. Representations and Warranties. The Grantors jointly and severally represent and warrant to the Junior-Priority Collateral Agent and the Secured Parties that:

(a) Each Grantor has good and valid rights in and marketable title to the Article 9 Collateral with respect to which it has purported to grant a Security Interest hereunder and has full power and authority to grant to the Junior-Priority Collateral Agent, for the ratable benefit of the Secured Parties, the Security Interest in such Article 9 Collateral pursuant hereto and to execute, deliver and perform its obligations in accordance with the terms of this Agreement, without the consent or approval of any other person other than any consent or approval that has been obtained or any other consent where the failure to obtain such consent could not reasonably be expected to have a material adverse effect on (i) the business, assets, operations, financial condition or operating results of the Grantors, taken as a whole, or (ii) the ability of the Grantors, taken as a whole, to pay or perform, as the case may be, in full the Junior-Priority Obligations.

(b) The Schedules attached hereto have been duly prepared and completed and the information set forth therein (including (x) the exact legal name of each Grantor in Schedule I and (y) the jurisdiction of organization of each Grantor in Schedule I) is true and correct in all material respects as of the Restatement Effective Date. Uniform Commercial Code financing statements (including fixture filings, as applicable) or other appropriate filings, recordings or

 

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registrations containing a description of the Article 9 Collateral have been prepared by, or at the direction of, the Company in accordance with the information provided to each Authorized Representative in the applicable Schedules attached hereto for filing in each governmental, municipal or other office specified in Schedule I (or specified by notice from the Company to each Authorized Representative after the Restatement Effective Date in the case of filings, recordings or registrations required by Section 3.04(a)), which are all the filings, recordings and registrations (other than filings required to be made in the United States Patent and Trademark Office and the United States Copyright Office in order to perfect the Security Interest in the Article 9 Collateral consisting of United States Patents, Trademarks and Copyrights (to the extent that perfection can be achieved by such filings)) that are necessary to publish notice of and protect the validity of and to establish a legal, valid and perfected security interest in favor of the Junior-Priority Collateral Agent (for the ratable benefit of the Secured Parties) in respect of all Article 9 Collateral in which the Security Interest may be perfected by filing, recording or registration in the United States (or any political subdivision thereof) and its territories and possessions, and no further or subsequent filing, refiling, recording, rerecording, registration or reregistration is necessary in any such jurisdiction, except as provided under applicable law with respect to the filing of continuation statements. Each Grantor represents and warrants that a fully executed short form agreement in form and substance reasonably satisfactory to the Junior-Priority Collateral Agent, and containing a description of all Article 9 Collateral consisting of pending and issued United States Patents and United States Trademarks and United States Copyrights was delivered to the Junior-Priority Collateral Agent as of or prior to June 22, 2018 for timely recording with the United States Patent and Trademark Office and the United States Copyright Office pursuant to 35 U.S.C. §261, 15 U.S.C. §1060 or 17 U.S.C. §205 and the regulations thereunder.

(c) As of the Restatement Effective Date, Schedule I correctly sets forth (i) the exact legal name of each Grantor, as such name appears in its respective certificate of formation; (ii) the jurisdiction of formation of each Grantor that is a registered organization; (iii) the Organizational Identification Number, if any, issued by the jurisdiction of formation of each Grantor that is a registered organization; (iv) the chief executive office of each Grantor; and (v) all locations where Grantor maintains any material books or records relating to any Accounts Receivables.

(d) As of the Restatement Effective Date, Schedule V correctly sets forth, with respect to each Mortgaged Property, (i) the exact name of the person that owns such property as such name appears in its certificate of formation or other organizational document; (ii) if different from the name identified pursuant to clause (i), the exact name of the current record owner of such property reflected in the records of the filing office for such property identified pursuant to the following clause (iii); and (iii) the filing office in which a mortgage with respect to such property must be filed or recorded in order for the Junior-Priority Collateral Agent to obtain a perfected security interest therein.

(e) As of the Restatement Effective Date, Schedule VI correctly sets forth, in proper form for filing with (a) the United States Patent and Trademark Office a list of each issued and pending Patent and Trademark, including, as applicable, the name of the registered owner and the registration number of each Patent and Trademark owned by any Grantor and (b) the United States Copyright Office a list of each Copyright, including the name of the registered owner and the registration number of each Copyright owned by any Grantor.

 

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(f) The Security Interest constitutes (i) a legal and valid security interest in all Article 9 Collateral securing the payment and performance of the Junior-Priority Obligations, (ii) subject to the qualifications and filings described in Section 3.02(b) (including payment of applicable fees in connection therewith), a perfected security interest in all Article 9 Collateral in which and to the extent a security interest may be perfected by filing, recording or registering a financing statement or analogous document in the United States (or any political subdivision thereof) and its territories and possessions pursuant to the Uniform Commercial Code or other applicable law in such jurisdictions and (iii) a security interest that shall be perfected in all Article 9 Collateral in which a security interest may be perfected upon the receipt and recording of this Agreement (or short form thereof) with the United States Patent and Trademark Office and the United States Copyright Office, as applicable. The Security Interest is and shall be (i) a second-priority security interest in the Non-ABL Priority Collateral and a third-priority security interest in the ABL Priority Collateral, as applicable, for any of the Article 9 Collateral and (ii) subject to any Permitted Liens that have priority as a matter of law.

(g) The Article 9 Collateral is owned by the Grantors free and clear of any Lien, except for Permitted Liens. No Grantor has filed or consented to the filing of (i) any financing statement or analogous document under the Uniform Commercial Code or any other applicable laws covering any Article 9 Collateral, (ii) any assignment in which any Grantor assigns any Collateral or any security agreement or similar instrument covering any Article 9 Collateral with the United States Patent and Trademark Office or the United States Copyright Office, (iii) any notice under the Assignment of Claims Act, or (iv) any assignment in which any Grantor assigns any Article 9 Collateral or any security agreement or similar instrument covering any Article 9 Collateral with any foreign governmental, municipal or other office, which financing statement or analogous document, assignment, security agreement or similar instrument is still in effect, except, in each case, for Permitted Liens. As of the Restatement Effective Date, no Grantor holds any Commercial Tort Claims in an amount in excess of $5,000,000 except as indicated on Schedule VII.

SECTION 3.03. Covenants. (a) Each Grantor agrees promptly to notify the Junior-Priority Collateral Agent in writing of any change in (i) its legal name and/or address, (ii) its identity or type of organization or corporate structure, (iii) its Federal Taxpayer Identification Number or organizational identification number or (iv) its jurisdiction of organization. Each Grantor agrees promptly to provide the Junior-Priority Collateral Agent with certified organizational documents reflecting any of the changes described in the first sentence of this paragraph. Each Grantor agrees not to effect or permit any change referred to in the preceding sentence unless, at its own cost and expense, all filings have been made under the Uniform Commercial Code or otherwise that are required in order for the Junior-Priority Collateral Agent to continue at all times following such change to have a valid, legal and perfected security interest in all the Article 9 Collateral. Each Grantor agrees promptly to notify the Junior-Priority Collateral Agent if any material portion of the Article 9 Collateral owned or held by such Grantor is damaged or destroyed.

 

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(b) Each Grantor agrees to maintain, at its own cost and expense, such complete and accurate records (in all material respects) with respect to the Article 9 Collateral owned by it as is consistent with its current practices and in accordance with such prudent and standard practices used in industries that are the same as or similar to those in which such Grantor is engaged, but in any event to include complete accounting records (in all material respects) indicating all material payments and proceeds received with respect to any part of the Article 9 Collateral.

(c) Each year, at the time of delivery of annual financial statements with respect to the preceding fiscal year pursuant to Section 3.10(a) of the 2023 Notes Indenture, the Company shall deliver to the Junior-Priority Collateral Agent a certificate executed by an Officer of the Company setting forth in the format of Schedule VI all Intellectual Property of any Grantor in existence on the date thereof that, if it had existed on the Restatement Effective Date, would have been required to be listed in such Schedule, and not then listed on such Schedules or previously so identified to the Junior-Priority Collateral Agent.

(d) Each Grantor shall, at its own expense, take any and all commercially reasonable actions necessary to defend title to the Article 9 Collateral against all persons and to defend the Security Interest of the Junior-Priority Collateral Agent in the Article 9 Collateral and the priority thereof against any Lien other than Permitted Liens.

(e) The Grantors shall, at their own expense, on or within five Business Days following June 22, 2018, (i) record and file all Uniform Commercial Code financing statements prepared pursuant to Section 3.02(b) and (ii) execute and file all Intellectual Property security agreements required or desirable in connection with the perfection of the Security Interests in Collateral in existence as of June 22, 2018 constituting U.S. Intellectual Property registrations and applications.

(f) Each Grantor will, at its own expense, (i) take steps to maintain the security interest created, or intended to be created, by this Agreement in the Collateral as a valid, legal, enforceable and perfected security interest and, without limiting the foregoing, will file all Uniform Commercial Code continuation statements or amendments as may be required by Article 9 of the Uniform Commercial Code of each applicable jurisdiction to continue the perfection of the security interest created, or intended to be created, by this Agreement in the Collateral as a perfected security interest, (ii) take all actions reasonably required from time to time to ensure recordation of evidence of the security interest created, or intended to be created, by this Agreement in Collateral constituting Intellectual Property by execution and filing of Intellectual Property security agreements, or supplements thereto, with the United States Patent and Trademark Office or the United States Copyright Office, as applicable, with respect to U.S. Intellectual Property registrations and applications and (iii) provide prompt written notice to the Junior-Priority Collateral Agent, in accordance with the procedures set forth in Section 6.01, of any filings or amendments made pursuant to the above clauses (i) and (ii).

(g) Each Grantor agrees, at its own expense, promptly to execute, acknowledge, deliver and cause to be duly filed all such further instruments and documents and take all such actions that may be required under applicable law or that any Authorized Representative or the Junior-Priority Collateral Agent may from time to time reasonably request to obtain, preserve,

 

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protect and perfect (to the extent that perfection can be achieved under any applicable law by such filings and actions) the Security Interest and the rights and remedies created hereby, including the payment of any fees and Taxes required in connection with the execution and delivery of this Agreement, the granting of the Security Interest and the filing of any financing or continuation statements (including fixture filings) or other documents in connection herewith or therewith. If any amount payable to any Grantor under or in connection with any of the Article 9 Collateral shall be or become evidenced by any promissory note or other instrument with a face amount in excess of $1,000,000, such note or instrument shall be promptly pledged and delivered to the Applicable Priority Agent or the Junior-Priority Collateral Agent, as applicable, duly endorsed in a manner reasonably satisfactory to the Junior-Priority Collateral Agent.

Without limiting the generality of the foregoing, each Grantor hereby authorizes the Junior-Priority Collateral Agent, with prompt notice thereof to Grantors, to supplement this Agreement by supplementing Schedule VI or adding additional schedules hereto to identify any such assets or items identified by such Grantor each year, at the time of delivery of annual financial statements with respect to the preceding fiscal year pursuant to Section 3.10(a) of the 2023 Notes Indenture that may constitute U.S. registrations or applications for Copyrights, Patents or Trademarks owned by such Grantor. Each Grantor agrees that it will use its commercially reasonable efforts to take such action as shall be necessary, and which the Junior-Priority Collateral Agent may from time to time reasonably request, in order that all representations and warranties hereunder shall be true and correct in all material respects with respect to such Collateral within 45 days after the date it has notified the Junior-Priority Collateral Agent of the specific identification of such Collateral.

(h) The Junior-Priority Collateral Agent and such persons as the Junior-Priority Collateral Agent may designate shall have the right to inspect, subject to a reasonable prior notice to each Grantor, the Article 9 Collateral, all records related thereto (and to make extracts and copies from such records) and the premises upon which any of the Article 9 Collateral is located, to discuss the applicable Grantor’s affairs with the officers of such Grantor and its independent accountants and to verify the existence, validity, amount, quality, quantity, value, condition and status of, or any other matter relating to, the Article 9 Collateral, including, in the case of Accounts or other Article 9 Collateral in the possession of any third person, after the occurrence and during the continuance of an Event of Default, by contacting Account Debtors or the third person possessing such Article 9 Collateral for the purpose of making such a verification, subject in each case to the requirements of applicable law, including healthcare laws, data privacy and third party confidentiality obligations, all at the expense of the Company; provided that, excluding any such visits and inspections during the continuation of an Event of Default, only one such visit during any fiscal year shall be at the Company’s expense. The Junior-Priority Collateral Agent shall have the absolute right to share any information it gains from such inspection or verification with any Secured Party, subject in each case to the requirements of applicable law, including healthcare laws, data privacy and third party confidentiality obligations.

(i) Subject to the terms of the Intercreditor Agreements, at its option, upon the occurrence and during the continuation of an Event of Default, the Junior-Priority Collateral Agent may, with five Business Days’ prior written notice to the relevant Grantor, discharge past due Taxes, assessments, charges, fees, Liens, security interests or other encumbrances at any

 

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time levied or placed on the Article 9 Collateral and not expressly permitted pursuant to the Indentures, the other Note Documents or the Pari Passu Agreements, and may pay for the maintenance and preservation of the Article 9 Collateral to the extent any Grantor fails to do so as required by the Indentures, any Pari Passu Agreement or this Agreement, and each Grantor jointly and severally agrees to reimburse the Junior-Priority Collateral Agent within five Business Days after written demand for any reasonable payment made or any reasonable expense incurred by the Junior-Priority Collateral Agent pursuant to the foregoing authorization; provided, however, that nothing in this paragraph shall be interpreted as excusing any Grantor from the performance of, or imposing any obligation on the Junior-Priority Collateral Agent or any Secured Party to cure or perform, any covenants or other promises of any Grantor with respect to Taxes, assessments, charges, fees, Liens, security interests or other encumbrances and maintenance as set forth herein, in the other Note Documents or in the Pari Passu Agreements.

(j) If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person valued in excess of $1,000,000 to secure payment and performance of an Account, such Grantor shall promptly assign such security interest to the Junior-Priority Collateral Agent for the ratable benefit of the Secured Parties. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person granting the security interest.

(k) Except to the extent otherwise expressly agreed by the Junior-Priority Collateral Agent, each Grantor shall remain liable to observe and perform all the conditions and obligations to be observed and performed by it under each contract, agreement or instrument relating to the Article 9 Collateral, all in accordance with the terms and conditions thereof, and each Grantor jointly and severally agrees to indemnify and hold harmless the Junior-Priority Collateral Agent and the Secured Parties from and against any and all liability for such performance in accordance with Section 6.06 of this Agreement.

(l) No Grantor shall make or permit to be made an assignment, pledge or hypothecation of the Article 9 Collateral or shall grant any other Lien in respect of the Article 9 Collateral or permit any notice to be filed under the Assignment of Claims Act, except, in each case, as expressly permitted by the then existing Indentures, the other Note Documents and the Pari Passu Agreements. No Grantor shall make or permit to be made any transfer of the Article 9 Collateral, except as permitted by the then existing Indentures, the other Note Documents and the Pari Passu Agreements.

(m) No Grantor will, without the Junior-Priority Collateral Agent’s prior written consent, grant any extension of the time of payment of any Accounts included in the Article 9 Collateral, compromise, compound or settle the same for less than the full amount thereof (unless the aggregate amount of such compromised or settled Accounts in any fiscal year is not in excess of $5,000,000), release, wholly or partly, any person liable for the payment thereof (unless the aggregate amount of such compromised or settled Accounts in any fiscal year is not in excess of $5,000,000) or allow any credit or discount whatsoever thereon (unless the aggregate amount of such compromised or settled Accounts in any fiscal year is not in excess of $5,000,000), other than extensions, credits, discounts, compromises, compoundings or settlements in each case granted or made in the ordinary course of business.

 

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(n) Each Grantor, at its own expense, shall maintain or cause to be maintained insurance covering physical loss or damage to the Inventory and Equipment in accordance with the requirements set forth in the then existing Indentures, the other Note Documents and the Pari Passu Agreements. Subject to the terms of the Intercreditor Agreements, each Grantor irrevocably makes, constitutes and appoints the Junior-Priority Collateral Agent (and all officers, employees or agents designated by the Junior-Priority Collateral Agent) as such Grantor’s true and lawful agent (and attorney-in-fact) for the purpose, upon the occurrence and during the continuance of an Event of Default, of making, settling and adjusting claims in respect of Article 9 Collateral under policies of insurance, endorsing the name of such Grantor on any check, draft, instrument or other item of payment for the proceeds of such policies of insurance and for making all determinations and decisions with respect thereto (provided that the Junior-Priority Collateral Agent shall give five Business Days’ prior written notice to such Grantor prior to exercising its rights in such capacity). In the event that any Grantor at any time or times shall fail to obtain or maintain any of the policies of insurance required hereby or under the Indentures, the other Note Documents or the Pari Passu Agreements or to pay any premium in whole or part relating thereto, the Junior-Priority Collateral Agent may, without waiving or releasing any obligation or liability of any Grantor hereunder or any Event of Default, in its sole reasonable discretion, upon notice to the Grantors, obtain and maintain such policies of insurance and pay such premium and take any other actions with respect thereto as the Junior-Priority Collateral Agent reasonably deems advisable. All sums disbursed by the Junior-Priority Collateral Agent in connection with this paragraph, including reasonable attorneys’ fees, court costs, out-of-pocket expenses and other charges relating thereto, shall be payable, within five Business Days of written demand (accompanied by supporting documentation therefor in reasonable detail), by the Grantors to the Junior-Priority Collateral Agent and shall be additional Junior-Priority Obligations secured hereby.

SECTION 3.04. Other Actions. In order to further insure the attachment, perfection and priority of, and the ability of the Junior-Priority Collateral Agent to enforce, the Security Interest in the Article 9 Collateral, each Grantor agrees, in each case at such Grantor’s own expense, to take the following actions with respect to the following Article 9 Collateral:

(a) Instruments. If any Grantor shall at any time hold or acquire any Instruments (other than any Instruments in an amount no greater than $1,000,000) that have not been pledged hereunder, such Grantor shall forthwith endorse, assign and deliver the same to the Applicable Priority Agent or the Junior-Priority Collateral Agent, as applicable, accompanied by such undated instruments of endorsement, transfer or assignment duly executed in blank as the Applicable Priority Agent or the Junior-Priority Collateral Agent, as applicable, may from time to time reasonably request.

(b) Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any material Electronic Chattel Paper or any material “transferable record”, as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Junior-Priority Collateral Agent thereof and shall take such action as reasonably necessary (as determined in good faith by such Grantor) to vest in the Applicable Priority Agent or the Junior-Priority Collateral Agent, as applicable, control under New York UCC Section 9-105 of such

 

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Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Junior-Priority Collateral Agent agrees with such Grantor that the Junior-Priority Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Junior-Priority Collateral Agent and so long as such procedures will not result in the Junior-Priority Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under Uniform Commercial Code Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record. Notwithstanding the foregoing, no Grantor shall be obligated to deliver to the Junior-Priority Collateral Agent or the Applicable Priority Agent any Electronic Chattel Paper held by such Grantor with a face amount less than $1,000,000, provided that the aggregate face amount of the Electronic Chattel Paper so excluded pursuant to this sentence shall not exceed $10,000,000 at any time.

(c) Letter-of-Credit Rights. If any Grantor is at any time a beneficiary under a letter of credit with a face amount exceeding $2,000,000 now or hereafter issued in favor of such Grantor, such Grantor shall promptly notify the Junior-Priority Collateral Agent thereof and such Grantor shall, pursuant to an agreement in form and substance reasonably satisfactory to the Junior-Priority Collateral Agent, either (i) arrange for the issuer and any confirmer of such letter of credit to consent to an assignment to the Applicable Priority Agent or the Junior-Priority Collateral Agent, as applicable, of the proceeds of any drawing under the letter of credit or (ii) arrange for the Applicable Priority Agent or the Junior-Priority Collateral Agent, as applicable, to become the transferee beneficiary of the letter of credit, with the Junior-Priority Collateral Agent agreeing, in each case, that the proceeds of any drawing under the letter of credit are to be paid to the applicable Grantor unless an Event of Default has occurred or is continuing.

(d) Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim in an amount reasonably estimated to exceed $5,000,000, the Grantor shall promptly notify the Junior-Priority Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Junior-Priority Collateral Agent, for the ratable benefit of the Secured Parties, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Junior-Priority Collateral Agent.

(e) Further Assurances. The Company and the Guarantors shall, at their sole expense, take any and all actions that may be required under applicable law, or that any Authorized Representative or the Junior-Priority Collateral Agent may reasonably request, in order to effectuate the transactions contemplated by this Agreement and in order to grant, preserve, protect and perfect the validity and junior-priority status of the Security Interests created or intended to be created by this Agreement and the other Notes Collateral Documents.

 

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SECTION 3.05. Covenants Regarding Patent, Trademark and Copyright Collateral. In each case unless otherwise decided by such Grantor in its reasonable business judgment and/or such Collateral is not material to the business of such Grantor:

(a) Each Grantor agrees that it will not, and will not permit any of its licensees to, do any act, or omit to do any act, whereby any Patent that is material to the conduct of such Grantor’s business may become invalidated or dedicated to the public, and agrees that it shall continue to mark any products covered by a Patent with the relevant patent number to the extent necessary and sufficient to establish and preserve its maximum rights under applicable patent laws, to the extent required by applicable law.

(b) Each Grantor (either itself or through its licensees or its sublicensees) will, for each Trademark material to the conduct of such Grantor’s business, (i) maintain such Trademark in full force free from any claim of abandonment or invalidity for non-use, (ii) maintain the quality of products and services offered under such Trademark, (iii) display such Trademark with notice of Federal or foreign registration to the extent necessary and sufficient to establish and preserve its maximum rights under applicable law, to the extent required by applicable law and (iv) not knowingly use or knowingly permit the use of such Trademark in violation of any third party rights.

(c) Each Grantor (either itself or through its licensees or sublicensees) will, for each work covered by a material Copyright, continue to publish, reproduce, display, adopt and distribute the work with appropriate copyright notice to the extent necessary and sufficient to establish and preserve its maximum rights under applicable copyright laws, to the extent required by applicable law.

(d) Each Grantor shall notify the Junior-Priority Collateral Agent promptly if it knows that any Patent, Trademark or Copyright material to the conduct of its business has or is likely to become abandoned, lost or dedicated to the public, or of any materially adverse determination or development (including the institution of, or any such determination or development in, any proceeding in the United States Patent and Trademark Office, United States Copyright Office or any court or similar office of any country, but not including ordinary course matters arising during prosecution) regarding such Grantor’s ownership of any such Patent, Trademark or Copyright, its right to register the same, or its right to keep and maintain the same.

(e) If any Grantor, either itself or through any agent, employee, licensee or designee, files an application for any Patent, Trademark or Copyright (or for the registration of any Trademark or Copyright) with the United States Patent and Trademark Office, United States Copyright Office or any office or agency in any political subdivision of the United States, the Grantor shall so notify the Junior-Priority Collateral Agent each year, at the time of delivery of annual financial statements with respect to the preceding fiscal year pursuant to Section 3.10(a) of the 2023 Notes Indenture, and shall execute, deliver and file any and all agreements, instruments, documents and papers reasonably necessary to evidence the Security Interest in such Patent, Trademark or Copyright (as determined in good faith by such Grantor).

 

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(f) Each Grantor will take all necessary steps that are consistent with the practice in any proceeding before the United States Patent and Trademark Office, United States Copyright Office or any office or agency in any political subdivision of the United States, to maintain and pursue each material application relating to the Patents, Trademarks and/or Copyrights (and to obtain the relevant grant or registration) and to maintain each issued Patent and each registration of the Trademarks and Copyrights that is material to the conduct of any Grantor’s business, including timely filings of applications for renewal, affidavits of use, affidavits of incontestability and payment of maintenance fees, and, if consistent with good business judgment, to initiate opposition, interference and cancellation proceedings against third parties.

(g) In the event that any Grantor knows or has reason to believe that any Article 9 Collateral consisting of a Patent, Trademark or Copyright material to the conduct of any Grantor’s business has been or is about to be infringed, misappropriated or diluted by a third person, such Grantor promptly shall notify the Junior-Priority Collateral Agent and shall, if consistent with good business judgment, promptly sue for infringement, misappropriation or dilution and to recover any and all damages for such infringement, misappropriation or dilution, and take such other actions, if consistent with good business judgment, as are reasonably appropriate under the circumstances to protect such Article 9 Collateral.

(h) Upon the occurrence and during the continuance of an Event of Default, upon the reasonable request of the Junior-Priority Collateral Agent, each Grantor shall use its best efforts to obtain all requisite consents or approvals by the licensor of each Copyright License, Patent License or Trademark License, and each other material License, to effect the assignment of all such Grantor’s right, title and interest thereunder to the Junior-Priority Collateral Agent, for the ratable benefit of the Secured Parties, or its designee.

ARTICLE IV

Remedies

SECTION 4.01. Remedies Upon Default. Subject to the terms of the Intercreditor Agreements, upon the occurrence and solely during the continuance of an Event of Default, each Grantor agrees to deliver each item of Collateral to the Junior-Priority Collateral Agent on demand, and it is agreed that the Junior-Priority Collateral Agent shall have the right, upon the direction of the applicable Authorized Representative in accordance with the terms of the Junior-Priority Lien Pari Passu Intercreditor Agreement (provided that if the Junior-Priority Collateral Agent has requested instruction from the applicable Authorized Representative and such Authorized Representative has not responded to such request, the Junior-Priority Collateral Agent will not be required to take, and will not have any liability for the failure to take, any actions with regard to a default or event), to take any of or all the following actions at the same or different times: (a) with respect to any Article 9 Collateral consisting of Intellectual Property, on demand, to cause the Security Interest to become an assignment, transfer and conveyance of any of or all such Article 9 Collateral by the applicable Grantor to the Junior-Priority Collateral Agent, or to license or sublicense, whether general, special or otherwise, and whether on an exclusive or nonexclusive basis, any such Article 9 Collateral throughout the world on such terms and conditions and in such manner as the Junior-Priority Collateral Agent shall determine (other than in violation of any then-existing licensing arrangements to the extent that waivers

 

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cannot be obtained), (b) with or without legal process and with or without prior notice or demand for performance, to take possession of the Article 9 Collateral and without liability for trespass to enter any premises where the Article 9 Collateral may be located for the purpose of taking possession of or removing the Article 9 Collateral and, generally, to exercise any and all rights afforded to a secured party under the Uniform Commercial Code or other applicable law and (c) with respect to all Capital Stock included in the Collateral, to the extent permitted by law, to exercise voting and other consensual rights and powers. Without limiting the generality of the foregoing, each Grantor agrees that the Junior-Priority Collateral Agent shall have the right, subject to the requirements of the Intercreditor Agreements and of applicable law, including any applicable healthcare laws, and upon the direction of the applicable Authorized Representative in accordance with the terms of the Junior-Priority Lien Pari Passu Intercreditor Agreement, to sell or otherwise dispose of all or any part of the Collateral at a public or private sale or at any broker’s board or on any securities exchange, for cash, upon credit or for future delivery as the Junior-Priority Collateral Agent shall deem appropriate. The Junior-Priority Collateral Agent shall be authorized at any such sale (if it deems it advisable to do so) to restrict the prospective bidders or purchasers to persons who will represent and agree that they are purchasing the Collateral for their own account for investment and not with a view to the distribution or sale thereof, and upon consummation of any such sale the Junior-Priority Collateral Agent shall have the right to assign, transfer and deliver to the purchaser or purchasers thereof the Collateral so sold. Each such purchaser at any such sale shall hold the property sold absolutely, free from any claim or right on the part of any Grantor, and each Grantor hereby waives (to the extent permitted by law) all rights of redemption, stay and appraisal which such Grantor now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted.

The Junior-Priority Collateral Agent shall give each applicable Grantor 10 days’ written notice (which each Grantor agrees is reasonable notice within the meaning of Section 9-611 of the New York UCC or its equivalent in other jurisdictions) of the Junior-Priority Collateral Agent’s intention to make any sale of Collateral. Such notice, in the case of a public sale, shall state the time and place for such sale and, in the case of a sale at a broker’s board or on a securities exchange, shall state the board or exchange at which such sale is to be made and the day on which the Collateral, or portion thereof, will first be offered for sale at such board or exchange. Any such public sale shall be held at such time or times within ordinary business hours and at such place or places as the Junior-Priority Collateral Agent may fix and state in the notice (if any) of such sale. At any such sale, the Collateral, or portion thereof, to be sold may be sold in one lot as an entirety or in separate parcels, as the Junior-Priority Collateral Agent may (in its sole and absolute discretion) determine. The Junior-Priority Collateral Agent shall not be obligated to make any sale of any Collateral if it shall determine not to do so, regardless of the fact that notice of sale of such Collateral shall have been given. The Junior-Priority Collateral Agent may, without notice or publication, adjourn any public or private sale or cause the same to be adjourned from time to time by announcement at the time and place fixed for sale, and such sale may, without further notice, be made at the time and place to which the same was so adjourned. In case any sale of all or any part of the Collateral is made on credit or for future delivery, the Collateral so sold may be retained by the Junior-Priority Collateral Agent until the sale price is paid by the purchaser or purchasers thereof, but the Junior-Priority Collateral Agent shall not incur any liability in case any such purchaser or purchasers shall fail to take up and pay for the Collateral so sold and, in case of any such failure, such Collateral may be

 

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sold again upon like notice. At any public (or, to the extent permitted by law, private) sale made pursuant to this Agreement, any Secured Party may bid for or purchase, free (to the extent permitted by applicable law) from any right of redemption, stay, valuation or appraisal on the part of any Grantor (all said rights being also hereby waived and released to the extent permitted by applicable law), the Collateral or any part thereof offered for sale and may make payment on account thereof by using any claim then due and payable to such Secured Party from any Grantor as a credit against the purchase price, and such Secured Party may, upon compliance with the terms of sale, hold, retain and dispose of such property without further accountability to any Grantor therefor. For purposes hereof, a written agreement to purchase the Collateral or any portion thereof shall be treated as a sale thereof; the Junior-Priority Collateral Agent shall be free to carry out such sale pursuant to such agreement and no Grantor shall be entitled to the return of the Collateral or any portion thereof subject thereto, notwithstanding the fact that after the Junior-Priority Collateral Agent shall have entered into such an agreement all Events of Default shall have been remedied and the Junior-Priority Obligations paid in full. As an alternative to exercising the power of sale herein conferred upon it, the Junior-Priority Collateral Agent may proceed by a suit or suits at law or in equity to foreclose this Agreement and to sell the Collateral or any portion thereof pursuant to a judgment or decree of a court or courts having competent jurisdiction or pursuant to a proceeding by a court-appointed receiver. To the fullest extent permitted under applicable law, any sale pursuant to the provisions of this Section 4.01 shall be deemed to conform to the commercially reasonable standards as provided in Section 9-610(b) of the New York UCC or its equivalent in other jurisdictions.

SECTION 4.02. Application of Proceeds. Subject to the terms of the Intercreditor Agreements, if an Event of Default shall have occurred and is continuing, the Junior-Priority Collateral Agent shall apply the proceeds of any collection, sale, foreclosure or other realization upon any Collateral, including any Collateral consisting of cash, as follows:

FIRST, to the payment of all reasonable out-of-pocket costs and expenses incurred by each Authorized Representative and the Junior-Priority Collateral Agent or any other Representative in respect of any Pari Passu Debt Obligations in connection with such collection, sale, foreclosure or realization or otherwise in connection with this Agreement, any other Notes Collateral Documents, the Indentures, any Pari Passu Agreement or any of the Junior-Priority Obligations, including all court costs and the fees and expenses of its agents and legal counsel, the repayment of all advances made by any Authorized Representative, the Junior-Priority Collateral Agent or any other Representative in respect of any Pari Passu Debt Obligations (in their respective capacities as such) on behalf of any Grantor and any other reasonable out-of-pocket costs or expenses incurred in connection with the exercise of any right or remedy hereunder or under any other Notes Collateral Documents or any Pari Passu Agreement, as applicable;

SECOND, to the payment in full of all other Junior-Priority Obligations (the amounts so applied to the Secured Parties to be distributed pro rata in accordance with the amounts of the Junior-Priority Obligations owed to them on the date of any such distribution); and

THIRD, to the Grantors, as applicable, their successors or assigns, or as a court of competent jurisdiction may otherwise direct.

 

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Subject to the terms of the Intercreditor Agreements, if no Senior-Priority Obligations are outstanding the Junior-Priority Collateral Agent shall have absolute discretion as to the time of application of any such proceeds, moneys or balances in accordance with this Agreement. Upon any sale of Collateral by the Junior-Priority Collateral Agent (including pursuant to a power of sale granted by statute or under a judicial proceeding), the receipt of the Junior-Priority Collateral Agent or of the officer making the sale shall be a sufficient discharge to the purchaser or purchasers of the Collateral so sold and such purchaser or purchasers shall not be obligated to see to the application of any part of the purchase money paid over to the Junior-Priority Collateral Agent or such officer or be answerable in any way for the misapplication thereof.

SECTION 4.03. Grant of License to Use Intellectual Property. Solely for the purpose of enabling the Junior-Priority Collateral Agent to exercise its rights and remedies under this Agreement at such time as the Junior-Priority Collateral Agent shall be lawfully entitled to exercise such rights and remedies (including in accordance with the terms of the Intercreditor Agreements), each Grantor hereby grants to the Junior-Priority Collateral Agent an irrevocable, nonexclusive license (exercisable without payment of royalty or other compensation to the Grantors), to use, license or sublicense any of the Article 9 Collateral consisting of Intellectual Property now owned or hereafter acquired by such Grantor, and wherever the same may be located, and including in such license access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof. The use of such license by the Junior-Priority Collateral Agent may be exercised at the option of the Junior-Priority Collateral Agent, and shall be effective only upon the occurrence and during the continuation of an Event of Default; provided, however, that any license, sublicense or other transaction entered into by the Junior-Priority Collateral Agent in accordance herewith shall be binding upon each Grantor notwithstanding any subsequent cure of an Event of Default.

SECTION 4.04. Securities Act, Etc. In view of the position of the Grantors in relation to the Pledged Collateral, or because of other current or future circumstances, a question may arise under the U.S. Securities Act of 1933, as now or hereafter in effect, or any similar statute hereafter enacted analogous in purpose or effect (such Act and any such similar statute as from time to time in effect being called the “Federal Securities Laws”) with respect to any disposition of the Pledged Collateral permitted hereunder. Each Grantor understands that compliance with the Federal Securities Laws might very strictly limit the course of conduct of the Junior-Priority Collateral Agent if the Junior-Priority Collateral Agent were to attempt to dispose of all or any part of the Pledged Collateral, and might also limit the extent to which or the manner in which any subsequent transferee of any Pledged Collateral could dispose of the same. Similarly, there may be other legal restrictions or limitations affecting the Junior-Priority Collateral Agent in any attempt to dispose of all or part of the Pledged Collateral under applicable “blue sky” or other state securities laws or similar laws analogous in purpose or effect. Each Grantor recognizes that in light of such restrictions and limitations the Junior-Priority Collateral Agent may, with respect to any sale of the Pledged Collateral, limit the purchasers to those who will agree, among other things, to acquire such Pledged Collateral for their own account, for investment, and not with a view to the distribution or resale thereof. Each Grantor acknowledges and agrees that in light of such restrictions and limitations, the Junior-Priority Collateral Agent, in its sole and absolute discretion (a) to the fullest extent permitted by applicable Federal Securities Laws, may proceed to make such a sale whether or not a

 

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registration statement for the purpose of registering such Pledged Collateral or part thereof shall have been filed under the Federal Securities Laws and (b) may approach and negotiate with a limited number of potential purchasers (including a single potential purchaser) to effect such sale. Each Grantor acknowledges and agrees that any such sale might result in prices and other terms less favorable to the seller than if such sale were a public sale without such restrictions. In the event of any such sale, the Junior-Priority Collateral Agent shall incur no responsibility or liability for selling all or any part of the Pledged Collateral at a price that the Junior-Priority Collateral Agent, in its sole and absolute discretion, may in good faith deem reasonable under the circumstances, notwithstanding the possibility that a substantially higher price might have been realized if the sale were deferred until after registration as aforesaid or if more than a limited number of purchasers (or a single purchaser) were approached. The provisions of this Section 4.04 will apply notwithstanding the existence of a public or private market upon which the quotations or sales prices may exceed substantially the price at which the Junior-Priority Collateral Agent sells.

ARTICLE V

Indemnity, Subrogation and Subordination

SECTION 5.01. Indemnity and Subrogation. In addition to all such rights of indemnity and subrogation as the Guarantors may have under applicable law (but subject to Section 5.03), the Company agrees that in the event any assets of any Guarantor shall be sold pursuant to this Agreement or any other Notes Collateral Document to satisfy in whole or in part a claim of any Secured Party, the Company shall indemnify such Guarantor in an amount equal to the greater of the book value or the fair market value of the assets so sold.

SECTION 5.02. Contribution and Subrogation. Each Guarantor (a “Contributing Guarantor”) agrees (subject to Section 5.03) that, in the event assets of any other Guarantor shall be sold pursuant to any Notes Collateral Document to satisfy any Junior-Priority Obligation owed to any Secured Party, and such other Guarantor (the “Claiming Guarantor”) shall not have been fully indemnified by the Company as provided in Section 5.01, the Contributing Guarantor shall indemnify the Claiming Guarantor in an amount equal to the greater of the book value or the fair market value of such assets, as the case may be, in each case multiplied by a fraction of which the numerator shall be the net worth of the Contributing Guarantor on June 22, 2018 and the denominator shall be the aggregate net worth of all the Guarantors on June 22, 2018 (or, in the case of any Guarantor becoming a party hereto after June 22, 2018, the date on which such party became a Guarantor hereunder). Any Contributing Guarantor making any payment to a Claiming Guarantor pursuant to this Section 5.02 shall be subrogated to the rights of such Claiming Guarantor under Section 5.01 to the extent of such payment.

SECTION 5.03. Subordination. (a) Notwithstanding any provision of this Agreement to the contrary, all rights of the Guarantors under Sections 5.01 and 5.02 and all other rights of indemnity, contribution or subrogation under applicable law or otherwise shall be fully subordinated to the payment in full in cash of the Junior-Priority Obligations (other than contingent indemnification obligations for which no claim has been made). No failure on the

 

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part of the Company or any Guarantor to make the payments required by Sections 5.01 and 5.02 (or any other payments required under applicable law or otherwise) shall in any respect limit the obligations and liabilities of any Guarantor with respect to its obligations hereunder, and each Guarantor shall remain liable for the full amount of its obligations hereunder.

(b) The Company and each Guarantor hereby agree that all Indebtedness and other monetary obligations owed by it to the Company or any Subsidiary shall be fully subordinated to the payment in full in cash of the Junior-Priority Obligations; provided that, as long as no Event of Default shall have occurred and be continuing, nothing in this Section 5.03(b) shall prohibit any payments or distributions permitted by the then existing Indentures, the other Note Documents and the Pari Passu Agreements.

ARTICLE VI

Miscellaneous

SECTION 6.01. Notices. All communications and notices hereunder shall (except as otherwise expressly permitted herein) be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail, sent by telecopy or electronically mailed, as follows:

(a) if to the Junior-Priority Collateral Agent, the 2023 Notes Authorized Representative or the 2024 Notes Authorized Representative, to it at Regions Bank, 1180 West Peachtree Street, Suite 1200, Atlanta, GA 30309, Attention: Corporate Trust Services;

(b) if to an Additional Authorized Representative, to it at the address set forth in the applicable Officer’s certificate delivered in accordance with Section 6.09(c); or

(c) if to the Company, Parent or any Subsidiary Guarantor, to such Grantor at CHS/Community Health Systems, Inc. 4000 Meridian Boulevard, Franklin, TN 37067-6325, Attention: General Counsel, Facsimile No.: (615) 373-9704. All communications and notices hereunder to any Subsidiary Guarantor shall be given to it in care of the Company.

Any party hereto may change its address or telecopy number for communications and notices hereunder by notice to the other parties hereto. All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt (if a Business Day) and on the next Business Day thereafter (in all other cases) if delivered by hand or overnight courier service or sent by telecopy or electronically mailed or on the date five Business Days after dispatch by certified or registered mail if mailed, in each case delivered, sent or mailed (properly addressed) to such party as provided in this Section 6.01 or in accordance with the latest unrevoked direction from such party given in accordance with this Section 6.01.

 

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SECTION 6.02. Security Interest Absolute. All rights of the Junior-Priority Collateral Agent hereunder, the Security Interest, the grant of a security interest in the Pledged Collateral and all obligations of each Grantor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of any Indenture, any other Note Document, any Pari Passu Agreement, any other agreement with respect to any of the Junior-Priority Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Junior-Priority Obligations, or any other amendment or waiver of or any consent to any departure from any Indenture, any other Note Document, any Pari Passu Agreement or any other agreement or instrument relating to the foregoing, (c) any exchange, release or non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent under or departure from any guarantee, securing or guaranteeing all or any of the Junior-Priority Obligations, or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Grantor in respect of the Junior-Priority Obligations or this Agreement.

SECTION 6.03. Survival of Agreement. All covenants, agreements, representations and warranties made by the Grantors hereunder and in the other Note Documents, any Pari Passu Agreement and in the certificates or other instruments prepared or delivered in connection with or pursuant to this Agreement, any other Note Document or any Pari Passu Agreement shall be considered to have been relied upon by the Secured Parties and shall survive the execution and delivery of the Note Documents and of any Pari Passu Agreement in connection with any Series of Pari Passu Debt Obligations, regardless of any investigation made by any Secured Party or on their behalf and notwithstanding that the Junior-Priority Collateral Agent or any Secured Party may have had notice or knowledge of any Event of Default or incorrect representation or warranty at the time any note is issued or other credit is extended under any Indenture or any Pari Passu Agreement, and shall continue in full force and effect as long as this Agreement has not been terminated pursuant to Section 6.15.

SECTION 6.04. Binding Effect; Several Agreement. This Agreement shall become effective as to any Grantor when a counterpart hereof executed on behalf of such Grantor shall have been delivered to the Junior-Priority Collateral Agent and a counterpart hereof shall have been executed on behalf of the Junior-Priority Collateral Agent, and thereafter shall be binding upon such Grantor and the Junior-Priority Collateral Agent and their respective permitted successors and assigns, and shall inure to the benefit of such Grantor, the Junior-Priority Collateral Agent and the other Secured Parties and their respective successors and permitted assigns, except that no Grantor shall have the right to assign or transfer its rights or obligations hereunder or any interest herein or in the Collateral (and any such assignment or transfer shall be void) except as expressly contemplated or permitted by this Agreement and except as expressly permitted by any then existing Indenture and any then existing Pari Passu Agreement. This Agreement shall be construed as a separate agreement with respect to each Grantor and may be amended, modified, supplemented, waived or released with respect to any Grantor without the approval of any other Grantor and without affecting the obligations of any other Grantor hereunder.

SECTION 6.05. Successors and Assigns. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the permitted successors and permitted assigns of such party; and all covenants, promises and agreements by or on behalf of any Grantor or the Junior-Priority Collateral Agent that are contained in this Agreement shall bind and inure to the benefit of their respective successors and permitted assigns.

 

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SECTION 6.06. Junior-Priority Collateral Agents Fees and Expenses; Indemnification. (a) The parties hereto agree that the Junior-Priority Collateral Agent shall be entitled to reimbursement of its expenses incurred hereunder as provided in Section 12.1 of the 2023 Notes Indenture and in Section 12.1 of the 2024 Notes Indenture.

(b) Without limitation or duplication of its indemnification obligations under the other Note Documents or any Pari Passu Agreement, each Grantor jointly and severally agrees to indemnify the Junior-Priority Collateral Agent and the Secured Parties (together, the “Indemnitees”) against, and hold each Indemnitee harmless from, any and all actual losses, claims, damages, liabilities, penalties and related reasonable out of pocket expenses, including the reasonable fees, charges and disbursements of one counsel in each relevant jurisdiction (and any such additional counsel, if necessary, as a result of actual or potential conflicts of interest) for all Indemnitees, incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of, the execution, delivery or performance of this Agreement or any agreement or instrument contemplated hereby or any claim, litigation, investigation or proceeding relating to any of the foregoing or to the Collateral, regardless of whether any Indemnitee is a party thereto or whether initiated by a third party or by a Grantor or any Affiliate thereof; provided, however, that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities, penalties or related expenses are determined by a court of competent jurisdiction by final judgment to have resulted from the gross negligence or wilful misconduct of such Indemnitee. To the extent permitted by applicable law, neither any Grantor nor the Junior-Priority Collateral Agent nor any Indemnitee shall assert, and each hereby waives any claim against any Indemnitee, any Grantor and the Junior-Priority Collateral Agent, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Note or the use of proceeds thereof.

(c) Any such amounts payable as provided hereunder or under any Pari Passu Agreement shall be additional Junior-Priority Obligations secured hereby and by the other Notes Collateral Documents. The provisions of this Section 6.06 shall remain operative and in full force and effect regardless of the termination of this Agreement, any other Note Document or any Pari Passu Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Junior-Priority Obligations, the invalidity or unenforceability of any term or provision of this Agreement, any other Note Document or any Pari Passu Agreement, or any investigation made by or on behalf of the Junior-Priority Collateral Agent or any other Secured Party. All amounts due under this Section 6.06 shall be payable within 30 days after written demand therefor.

SECTION 6.07. Junior-Priority Collateral Agent Appointed Attorney-in-Fact. Subject to the terms of the Intercreditor Agreements, each Grantor hereby appoints the Junior-Priority Collateral Agent as the attorney-in-fact of such Grantor for the purpose of carrying out the provisions of this Agreement and taking any action and executing any instrument that the Junior-Priority Collateral Agent may deem necessary or advisable to accomplish the purposes hereof, which appointment is irrevocable and coupled with an interest. Without limiting the generality of the foregoing, the Junior-Priority Collateral Agent shall have the right, upon the occurrence and during the continuance of an Event of Default, with full power of substitution

 

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either in the Junior-Priority Collateral Agent’s name or in the name of such Grantor (provided, that to the extent written notice is not required hereunder, the Junior-Priority Collateral Agent shall use commercially reasonable efforts to provide notice to such Grantor, though its rights hereunder are not conditioned thereon) (a) to receive, endorse, assign and/or deliver any and all notes, acceptances, checks, drafts, money orders or other evidences of payment relating to the Collateral or any part thereof, (b) upon three Business Days’ prior written notice to such Grantor, to demand, collect, receive payment of, give receipt for and give discharges and releases of all or any of the Collateral, (c) to sign the name of any Grantor on any invoice or bill of lading relating to any of the Collateral, (d) to commence and prosecute any and all suits, actions or proceedings at law or in equity in any court of competent jurisdiction to collect or otherwise realize on all or any of the Collateral or to enforce any rights in respect of any Collateral, (e) to settle, compromise, compound, adjust or defend any actions, suits or proceedings relating to all or any of the Collateral and (f) to use, sell, assign, transfer, pledge, make any agreement with respect to or otherwise deal with all or any of the Collateral, and to do all other acts and things necessary to carry out the purposes of this Agreement in accordance with its terms, as fully and completely as though the Junior-Priority Collateral Agent were the absolute owner of the Collateral for all purposes; provided, however, that nothing herein contained shall be construed as requiring or obligating the Junior-Priority Collateral Agent to make any commitment or to make any inquiry as to the nature or sufficiency of any payment received by the Junior-Priority Collateral Agent, or to present or file any claim or notice, or to take any action with respect to the Collateral or any part thereof or the moneys due or to become due in respect thereof or any property covered thereby. The Junior-Priority Collateral Agent and the Secured Parties shall be accountable only for amounts actually received as a result of the exercise of the powers granted to them herein, and neither they nor their officers, directors, employees or agents shall be responsible to any Grantor for any act or failure to act hereunder, except for their own gross negligence, wilful misconduct or bad faith.

SECTION 6.08. Applicable Law. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.

SECTION 6.09. Waivers; Amendment. (a) No failure or delay by the Junior-Priority Collateral Agent, any Authorized Representative or any other Secured Party in exercising any right or power hereunder or under any other Note Document or any Pari Passu Agreement shall operate as a waiver hereof or thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Junior-Priority Collateral Agent, each Authorized Representative and the other Secured Parties hereunder and under the other Note Documents and any Pari Passu Agreements are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of any Note Document or any Pari Passu Agreement or consent to any departure by any Grantor therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section 6.09, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice or demand on any Grantor in any case shall entitle any Grantor to any other or further notice or demand in similar or other circumstances.

 

42


(b) Subject to the terms of the Intercreditor Agreements, neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the Junior-Priority Collateral Agent and the Grantor or Grantors with respect to which such waiver, amendment or modification is to apply, subject to any consent required in accordance with any other Note Document or any Pari Passu Agreement.

(c) So long as permitted by the Note Documents and the Pari Passu Agreements then in effect, the Company may from time to time designate Indebtedness and other obligations at the time of the assumption or incurrence thereof to be secured on a pari passu basis with the then outstanding Junior-Priority Obligations as Pari Passu Debt Obligations hereunder by delivering to the Junior-Priority Collateral Agent and each Authorized Representative a certificate signed by an Officer of the Company (i) identifying the Indebtedness and other obligations so designated and the aggregate principal amount or face amount thereof, (ii) stating that such Indebtedness and other obligations are designated as Pari Passu Debt Obligations for purposes hereof, (iii) representing that such designation of such Indebtedness and other obligations as Pari Passu Debt Obligations complies with the terms of the Note Documents and the Pari Passu Agreements then outstanding and (iv) specifying the name and address of the Authorized Representative for such Indebtedness and other obligations. Upon such delivery, the Junior-Priority Collateral Agent shall act hereunder for the benefit of all Secured Parties, including any Secured Parties that hold any Pari Passu Debt Obligations so designated.

SECTION 6.10. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OTHER NOTE DOCUMENT OR ANY PARI PASSU AGREEMENT. EACH PARTY HERETO HEREBY (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER NOTE DOCUMENTS AND ANY PARI PASSU AGREEMENT, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 6.10.

SECTION 6.11. Severability. In the event any one or more of the provisions contained in this Agreement should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby (it being understood that the invalidity of a particular provision in a particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions.

 

43


SECTION 6.12. Counterparts. This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original but all of which when taken together shall constitute a single contract, and shall become effective as provided in Section 6.04. Any signature to this Agreement may be delivered by facsimile, electronic mail (including .pdf) or any electronic signature complying with the U.S. Federal ESIGN Act of 2000 or the New York Electronic Signature and Records Act or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes to the fullest extent permitted by applicable law. For the avoidance of doubt, the foregoing also applies to any amendment hereto. Each of the parties represents and warrants to the other parties that it has the corporate capacity and authority to execute this Agreement through electronic means and there are no restrictions for doing so in that party’s constitutive documents.

SECTION 6.13. Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement.

SECTION 6.14. Jurisdiction; Consent to Service of Process. (a) Each of the parties hereto hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of any New York State court or Federal court of the United States of America, sitting in New York City, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement or any other Note Document, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State court or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement or any other Note Document shall affect any right that the Junior-Priority Collateral Agent, any Authorized Representative or any other Secured Party may otherwise have to bring any action or proceeding relating to this Agreement or any other Note Document against any Grantor or its properties in the courts of any jurisdiction.

(b) Each of the parties hereto hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or any other Note Document in any court referred to in paragraph (a) of this Section 6.14. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court.

(c) Each of the parties hereto hereby irrevocably consents to service of process in the manner provided for notices in Section 6.01. Nothing in this Agreement or in any other Note Documents will affect the right of any party hereto to serve process in any other manner permitted by law.

 

44


SECTION 6.15. Termination or Release. (a) This Agreement, the Security Interest, the pledge of the Pledged Collateral and all other security interests granted hereby shall automatically terminate and be released when all the Junior-Priority Obligations (other than contingent indemnification obligations for which no claim has been made) have been paid in full in cash.

(b) The Security Interest, the pledge of the Pledged Collateral and all other security interests granted hereby to secure any particular Series shall be released, whether in whole or in part, (i) in the case of the 2023 Notes Obligations, as and to the extent expressly provided under the 2023 Notes Indenture, (ii) in the case of the 2024 Notes Obligations, as and to the extent expressly provided under the 2024 Notes Indenture and (iii) in the case of any Series of Pari Passu Debt Obligations, as and to the extent expressly provided under the Pari Passu Agreement governing such Series of Pari Passu Debt Obligations.

(c) In connection with any termination or release pursuant to paragraph (a) or (b) above, (i) the Company will furnish to the Junior-Priority Collateral Agent and each Authorized Representative, prior to the proposed release of Collateral, an Officer’s certificate and an opinion of counsel and such other documentation as required by the then existing Indentures and any Pari Passu Agreements and (ii) upon receipt of such, the Junior-Priority Collateral Agent shall promptly execute and deliver to any Grantor, at such Grantor’s expense, all Uniform Commercial Code termination statements and similar documents that such Grantor shall reasonably request to evidence such termination or release, and all assignments or other instruments of transfer as may be necessary to reassign to such Grantor all rights, titles and interests in any relevant Intellectual Property as may have been assigned to the Junior-Priority Collateral Agent and/or its designees, subject to any disposition thereof that may have been made by the Junior-Priority Collateral Agent and/or its designees in accordance with the terms of this Agreement, and all rights and license granted to the Junior-Priority Collateral Agent and/or its designees in or to any such Intellectual Property pursuant to this Agreement shall automatically and immediately terminate and all rights shall automatically and immediately revert to such Grantor. Any execution and delivery of documents pursuant to this Section 6.15 shall be without recourse to or representation or warranty by the Junior-Priority Collateral Agent or any other Secured Party. Without limiting the provisions of Section 6.06, the Company shall reimburse the Junior-Priority Collateral Agent upon demand for all costs and out of pocket expenses, including the reasonable fees, charges and expenses of counsel, incurred by it in connection with any action contemplated by this Section 6.15.

SECTION 6.16. Additional Subsidiaries. Any Subsidiary that is required to become a party hereto pursuant to Section 3.7 of the 2023 Notes Indenture, Section 3.7 of the 2024 Notes Indenture or the analogous provision of any Pari Passu Agreement shall enter into this Agreement as a Grantor upon becoming such a Subsidiary. Upon execution and delivery by the Junior-Priority Collateral Agent and such Subsidiary of a supplement in the form of Exhibit A hereto, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any such instrument shall not require the consent of any other Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement.

 

45


SECTION 6.17. Subject to Intercreditor Agreements. Notwithstanding anything herein to the contrary, the lien and security interest granted to the Junior-Priority Collateral Agent, for the benefit of the Secured Parties, pursuant to this Agreement and the exercise of any right or remedy by the Junior-Priority Collateral Agent and the other Secured Parties hereunder are subject to the provisions of the Intercreditor Agreements. In the event of any conflict or inconsistency between the terms of the Intercreditor Agreements and this Agreement, the terms of the Intercreditor Agreements shall govern.

SECTION 6.18. Reaffirmation. Without limiting any of the foregoing, each Grantor hereby (a) affirms and confirms its pledges, grants of security and other commitments and obligations under the Existing Junior-Priority Collateral Agreement (as amended hereby), (b) affirms and confirms its indemnification obligations and other commitments and obligations under the Existing Junior-Priority Collateral Agreement (as amended hereby) and (c) agrees that, after giving effect to the amendments contemplated hereby, all pledges, grants of security and other commitments under the Existing Junior-Priority Collateral Agreement shall continue to be in full force and effect and shall accrue to the benefit of the Secured Parties.

SECTION 6.19. Effect of this Agreement; No Novation.

(a) Except as expressly set forth herein, this Agreement shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of the Junior-Priority Collateral Agent or any other Secured Party under the Existing Junior-Priority Collateral Agreement or any other Note Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Existing Junior-Priority Collateral Agreement or any other Note Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle any Grantor to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Existing Junior-Priority Collateral Agreement or any other Note Documents in similar or different circumstances. Effective as of the Restatement Effective Date, this Agreement shall amend and restate the Existing Junior-Priority Collateral Agreement in its entirety.

(b) Nothing herein contained shall be construed as a substitution or novation of the Obligations outstanding under the Existing Junior-Priority Collateral Agreement, which shall remain in full force and effect except as modified by this Agreement.

[Remainder of page intentionally left blank]

 

 

46


IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their respective authorized officers as of the day and year first above written.

 

CHS/COMMUNITY HEALTH SYSTEMS, INC.
By:  

/s/ R. Gabriel Ottinger

  Name: R. Gabriel Ottinger
  Title: Senior Vice President and Treasurer

 

COMMUNITY HEALTH SYSTEMS, INC.
By:  

/s/ R. Gabriel Ottinger

  Name: R. Gabriel Ottinger
  Title: Senior Vice President and Treasurer

[Signature Page to Junior-Priority Collateral Agreement]

 


Abilene Hospital, LLC    Foley Hospital Corporation
Abilene Merger, LLC    Frankfort Health Partner, Inc.
Affinity Health Systems, LLC    Franklin Hospital Corporation
Affinity Hospital, LLC    Gadsden Regional Medical Center, LLC
Birmingham Holdings II, LLC    Granbury Hospital Corporation
Birmingham Holdings, LLC    Greenbrier VMC, LLC
Bluffton Health System LLC    GRMC Holdings, LLC
Brandon HMA, LLC    Hallmark Healthcare Company, LLC
Brownwood Hospital, L.P.    Health Management Associates, LLC
Brownwood Medical Center, LLC    Health Management Associates, LP
Bullhead City Hospital Corporation    Health Management General Partner I, LLC
Bullhead City Hospital Investment Corporation    Health Management General Partner, LLC
Campbell County HMA, LLC    Hernando HMA, LLC
Carlsbad Medical Center, LLC    HMA Hospitals Holdings, LP
Carolinas Holdings, LLC    HMA Santa Rosa Medical Center, LLC
Carolinas JV Holdings General, LLC    HMA Services GP, LLC
Carolinas JV Holdings II, LLC    HMA-TRI Holdings, LLC
Carolinas JV Holdings, L.P.    Hobbs Medco, LLC
Central Florida HMA Holdings, LLC    Hospital Management Associates, LLC
Central States HMA Holdings, LLC    Hospital Management Services of Florida, LP
CHS Receivables Funding, LLC    Jackson HMA, LLC
CHS Tennessee Holdings, LLC    Jefferson County HMA, LLC
CHS Virginia Holdings, LLC    Kay County Hospital Corporation
CHSPSC, LLC    Kay County Oklahoma Hospital Company, LLC
Citrus HMA, LLC    Key West HMA, LLC
Clarksdale HMA, LLC    Kirksville Hospital Company, LLC
Clarksville Holdings II, LLC    Knox Hospital Company, LLC
Clarksville Holdings, LLC    Knoxville HMA Holdings, LLC
Cleveland Hospital Company, LLC    La Porte Health System, LLC
Cleveland Tennessee Hospital Company, LLC    La Porte Hospital Company, LLC
Clinton HMA, LLC    Laredo Texas Hospital Company, L.P.
Cocke County HMA, LLC    Las Cruces Medical Center, LLC
Community Health Investment Company, LLC    Lea Regional Hospital, LLC
Community Health Systems, Inc.    Longview Clinic Operations Company, LLC
CP Hospital GP, LLC    Longview Medical Center, L.P.
CPLP, LLC    Longview Merger, LLC
Crestwood Healthcare, L.P.    LRH, LLC
Crestwood Hospital LP, LLC    Lutheran Health Network of Indiana, LLC
Crestwood Hospital, LLC    Marshall County HMA, LLC
CSMC, LLC    MCSA, L.L.C.
Desert Hospital Holdings, LLC    Medical Center of Brownwood, LLC
Detar Hospital, LLC    Metro Knoxville HMA, LLC
DHFW Holdings, LLC    Mississippi HMA Holdings I, LLC
Dukes Health System, LLC    Mississippi HMA Holdings II, LLC
Emporia Hospital Corporation    Moberly Hospital Company, LLC
Florida HMA Holdings, LLC    Naples HMA, LLC

 

By:  

/s/ R. Gabriel Ottinger

Name:   R. Gabriel Ottinger
Title:   Senior Vice President and Treasurer

Acting on behalf of each of the Grantors set forth above

 

2


Natchez Hospital Company, LLC    Seminole HMA, LLC
Navarro Hospital, L.P.    Shelbyville Hospital Company, LLC
Navarro Regional, LLC    Siloam Springs Arkansas Hospital Company, LLC
NC-DSH, LLC    Siloam Springs Holdings, LLC
Northwest Arkansas Hospitals, LLC    Southeast HMA Holdings, LLC
Northwest Hospital, LLC    Southern Texas Medical Center, LLC
Northwest Sahuarita Hospital, LLC    Southwest Florida HMA Holdings, LLC
NOV Holdings, LLC    Statesville HMA, LLC
NRH, LLC    Tennessee HMA Holdings, LP
Oak Hill Hospital Corporation    Tennyson Holdings, LLC
Oro Valley Hospital, LLC    Triad Healthcare, LLC
Palmer-Wasilla Health System, LLC    Triad Holdings III, LLC
Poplar Bluff Regional Medical Center, LLC    Triad Holdings IV, LLC
Port Charlotte HMA, LLC    Triad Holdings V, LLC
Punta Gorda HMA, LLC    Triad Nevada Holdings, LLC
QHG Georgia Holdings, Inc.    Triad of Alabama, LLC
QHG of Bluffton Company, LLC    Triad-ARMC, LLC
QHG of Clinton County, Inc.    Triad-El Dorado, Inc.
QHG of Enterprise, Inc.    Triad-Navarro Regional Hospital Subsidiary, LLC
QHG of Forrest County, Inc.    Tullahoma HMA, LLC
QHG of Fort Wayne Company, LLC    Tunkhannock Hospital Company, LLC
QHG of Hattiesburg, Inc.    Venice HMA, LLC
QHG of Springdale, Inc.    VHC Medical, LLC
Regional Hospital of Longview, LLC    Vicksburg Healthcare, LLC
River Oaks Hospital, LLC    Victoria Hospital, LLC
River Region Medical Corporation    Victoria of Texas, L.P.
ROH, LLC    Virginia Hospital Company, LLC
Roswell Hospital Corporation    Warsaw Health System, LLC
Ruston Hospital Corporation    Webb Hospital Corporation
Ruston Louisiana Hospital Company, LLC    Webb Hospital Holdings, LLC
SACMC, LLC    Wesley Health System LLC
San Angelo Community Medical Center, LLC    WHMC, LLC
San Angelo Hospital, L.P.    Wilkes-Barre Behavioral Hospital Company, LLC
San Angelo Medical, LLC    Wilkes-Barre Holdings, LLC
Scranton Holdings, LLC    Wilkes-Barre Hospital Company, LLC
Scranton Hospital Company, LLC    Woodland Heights Medical Center, LLC
Scranton Quincy Holdings, LLC    Woodward Health System, LLC
Scranton Quincy Hospital Company, LLC   

 

By:  

/s/ R. Gabriel Ottinger

Name:   R. Gabriel Ottinger
Title:   Senior Vice President and Treasurer

Acting on behalf of each of the Grantors set forth above

[Signature Page to Junior-Priority Collateral Agreement]


REGIONS BANK, as Junior-Priority Collateral Agent
By:  

/s/ Kristine Prall

  Name:Kristine Prall
  Title:Vice President

 

By:  

/s/ Sean Julien

  Name: Sean Julien
  Title: Vice President

[Signature Page to Junior-Priority Collateral Agreement]

 


Schedule I to the Guarantee and

Collateral Agreement

EXACT LEGAL NAMES AND OTHER INFORMATION

 

Entity Name

  

Jurisdiction of

Formation

  

Organizational IDs

  

Chief Executive Office

  

Accounts Receivable

Community Health Systems, Inc.    Delaware    2631063   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
CHS/Community Health Systems, Inc.    Delaware    2057824   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Abilene Hospital, LLC    Delaware    3561884   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Abilene Merger, LLC    Delaware    3561879   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Affinity Health Systems, LLC    Delaware    4023256   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Affinity Hospital, LLC    Delaware    4023245   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Grandview Medical Center

3690 Grandview Parkway

Birmingham, AL 35243

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Birmingham Holdings II, LLC    Delaware    4559514   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Birmingham Holdings, LLC    Delaware    4014204   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Bluffton Health System LLC    Delaware    3089523   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Bluffton Regional Medical Center

303 S. Main Street

Bluffton, IN 46714

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

 

[Signature Page to Junior-Priority Collateral Agreement]


Entity Name

  

Jurisdiction of

Formation

  

Organizational IDs

  

Chief Executive Office

  

Accounts Receivable

Brandon HMA, LLC    Mississippi    938712   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Merit Health Rankin

350 Crossgates Boulevard

Brandon, MS 39042

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Brownwood Hospital, L.P.    Delaware    2967928   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Brownwood Medical Center, LLC    Delaware    2964283   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Bullhead City Hospital Corporation    Arizona    09397220   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Western Arizona Regional Medical Center

2735 Silver Creek Road

Bullhead City, AZ 86442

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Bullhead City Hospital Investment Corporation    Delaware    3844912   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Campbell County HMA, LLC    Tennessee    660519   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

LaFollette Medical Center

923 East Central Ave.

LaFollette, TN 37766

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

 

I-2


Entity Name

  

Jurisdiction of

Formation

  

Organizational IDs

  

Chief Executive Office

  

Accounts Receivable

Carlsbad Medical Center,

LLC

   Delaware    2964276   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Carlsbad Medical Center

2430 W. Pierce

Carlsbad, NM

88220

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Carolinas Holdings, LLC    Delaware    4521156   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Carolinas JV Holdings General, LLC    Delaware    4521157   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Carolinas JV Holdings II, LLC    Delaware    5593763   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Carolinas JV Holdings, L.P.    Delaware    4521161   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Central Florida HMA Holdings, LLC    Delaware    4634571   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Central States HMA Holdings, LLC    Delaware    4634573   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
CHS Receivables Funding, LLC    Delaware    5099211   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
CHS Tennessee Holdings, LLC    Delaware    5736132   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
CHS Virginia Holdings, LLC    Delaware    4474750   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
CHSPSC, LLC    Delaware    2273362   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A

 

I-3


Entity Name

  

Jurisdiction of

Formation

  

Organizational IDs

  

Chief Executive Office

  

Accounts Receivable

Citrus HMA, LLC    Florida    L08000108791   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Seven Rivers Regional Medical Center

6201 N. Suncoast Blvd.

Crystal River, FL 34428-6712

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Clarksdale HMA, LLC    Mississippi    938727   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Northwest Mississippi Medical Center

1970 Hospital Drive

Clarksdale, MS 38614

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Clarksville Holdings II, LLC    Delaware    5169339   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Clarksville Holdings, LLC    Delaware    4014187   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Cleveland Hospital Company, LLC    Tennessee    289046   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Cleveland Tennessee Hospital Company, LLC    Delaware    4589625   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Tennova Healthcare – Cleveland

2305 Chambliss Avenue

Cleveland, TN 37311

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

 

I-4


Entity Name

  

Jurisdiction of

Formation

  

Organizational IDs

  

Chief Executive Office

  

Accounts Receivable

Clinton HMA, LLC    Oklahoma    3512339859   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Alliance Health Clinton

100 North 30th Street

Clinton, OK 73601

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Cocke County HMA, LLC    Tennessee    660506   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Tennova Healthcare—Newport Medical Center

435 Second Street

Newport, TN 37821

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Community Health Investment Company, LLC    Delaware    2066922   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
CP Hospital GP, LLC    Delaware    4072307   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
CPLP, LLC    Delaware    4072308   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Crestwood Healthcare, L.P.    Delaware    2616459   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Crestwood Medical Center

One Hospital Drive SW

Huntsville, AL 35801-6455

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Crestwood Hospital LP, LLC    Delaware    2964362   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Crestwood Hospital, LLC    Delaware    3000931   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A

 

I-5


Entity Name

  

Jurisdiction of

Formation

  

Organizational IDs

  

Chief Executive Office

  

Accounts Receivable

CSMC, LLC    Delaware    2964231   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Desert Hospital Holdings, LLC    Delaware    4272332   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Detar Hospital, LLC    Delaware    2947802   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
DHFW Holdings, LLC    Delaware    4562267   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Dukes Health System, LLC    Delaware    3575662   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Dukes Memorial Hospital

275 West 12th Street

Peru, IN 46970-1698

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Emporia Hospital Corporation    Virginia    0514489-4   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Florida HMA Holdings, LLC    Delaware    4634568   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Foley Hospital Corporation    Alabama    208-366   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

South Baldwin Regional Medical Center

1613 North McKenzie Street

Foley, AL 36535

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Frankfort Health Partner, Inc.    Indiana    1997030055   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Franklin Hospital Corporation    Virginia    0529059-8   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

 

I-6


Entity Name

  

Jurisdiction of

Formation

  

Organizational IDs

  

Chief Executive Office

  

Accounts Receivable

Gadsden Regional Medical Center, LLC    Delaware    4275573   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Gadsden Regional Medical Center

1007 Goodyear Avenue

Gadsden, AL 35903

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Granbury Hospital Corporation    Texas    142527600   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Lake Granbury Medical Center

1310 Paluxy Road

Granbury, TX 76048

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Greenbrier VMC, LLC    Delaware    3249745   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Greenbrier Valley Medical Center

1320 Maplewood Avenue

Ronceverte, WV 24970

 

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

GRMC Holdings, LLC    Delaware    4272335   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

5800 Tennyson Parkway

Plano, TX 75024

Hallmark Healthcare Company, LLC    Delaware    924764   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Health Management Associates, LLC    Delaware    879607   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Health Management Associates, LP    Delaware    4769167   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Health Management General Partner I, LLC    Delaware    5267241   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A

 

I-7


Entity Name

  

Jurisdiction of

Formation

  

Organizational IDs

  

Chief Executive Office

  

Accounts Receivable

Health Management General Partner, LLC    Delaware    5266667   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Hernando HMA, LLC    Florida    L08000108810   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Bayfront Health Brooksville

17240 Cortez Blvd.

Brooksville, FL 34601

 

Bayfront Health Spring Hill

10461 Quality Drive

Spring Hill, FL 34609

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

HMA Hospitals Holdings, LP    Delaware    4634558   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
HMA Santa Rosa Medical Center, LLC    Florida    L08000118053   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Santa Rosa Medical Center

6002 Berryhill Road

Milton, FL 32570

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

HMA Services GP, LLC    Delaware    5266665   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
HMA-TRI Holdings, LLC    Delaware    5835808   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Hobbs Medco, LLC    Delaware    3000933   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Hospital Management Associates, LLC    Florida    L13000001937   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A

 

I-8


Entity Name

  

Jurisdiction of

Formation

  

Organizational IDs

  

Chief Executive Office

  

Accounts Receivable

Hospital Management Services of Florida, LP    Florida    A13000000018   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Jackson HMA, LLC    Mississippi    938738   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Merit Health Central

1850 Chadwick Drive

Jackson, MS 39204

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Jefferson County HMA, LLC    Tennessee    660508   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Jefferson Memorial Hospital

110 Hospital Drive

Jefferson City, TN

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Kay County Hospital Corporation    Oklahoma    1912092200   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Kay County Oklahoma Hospital Company, LLC    Oklahoma    3512092198   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

AllianceHealth

Ponca City

1900 North 14th

Street

Ponca City, OK

74601

 

Professional Account Services, Inc.

7000 Commerce

Way

Suite 100

Brentwood, TN

37027

Key West HMA, LLC    Florida    L08000108767   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Lower Keys Medical Center

5900 College Road

Key West, Florida 33040

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

 

I-9


Entity Name

  

Jurisdiction of

Formation

  

Organizational IDs

  

Chief Executive Office

  

Accounts Receivable

Kirksville Hospital Company, LLC    Delaware    4447853   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Knox Hospital Company, LLC    Delaware    5877946   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Northwest Health—Starke

102 E. Culver Road

Knox, IN 46534

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Knoxville HMA Holdings, LLC    Tennessee    660504   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
La Porte Health System, LLC    Delaware    5877942   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
La Porte Hospital Company, LLC    Delaware    5877944   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Northwest Health - La Porte

1331 State Street

La Porte, IN 46350

 

Professional Account Services, Inc.

7000 Commerce Way,

Suite 100

Brentwood, TN

37027

Laredo Texas Hospital Company, L.P.    Texas    800237874   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Laredo Medical

Center

1700 East Saunders

Laredo, TX 78041

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

 

I-10


Entity Name

  

Jurisdiction of

Formation

  

Organizational IDs

  

Chief Executive Office

  

Accounts Receivable

Las Cruces Medical Center, LLC    Delaware    3306969   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Mountain View Regional Medical Center

4311 East Lohman Avenue

Las Cruces, NM 88011

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Lea Regional Hospital, LLC    Delaware    2964402   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Longview Clinic Operations Company, LLC    Delaware    5118886   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Longview Medical Center, L.P.    Delaware    2964553   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Longview Regional Medical Center

2901 N. Fourth Street

(P.O. Box 14000 / zip 75607)

Longview, TX 75605

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Longview Merger, LLC    Delaware    3000918   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
LRH, LLC    Delaware    2964430   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Lutheran Health Network of Indiana, LLC    Delaware    2964221   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A

 

I-11


Entity Name

  

Jurisdiction of

Formation

  

Organizational IDs

  

Chief Executive Office

  

Accounts Receivable

Marshall County HMA, LLC    Oklahoma    3512339852   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

AllianceHealth

Madill

901 S. 5th Ave.

Madill, OK 73446

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

MCSA, L.L.C.    Arkansas    100129761   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Medical Center of South Arkansas

700 W. Grove Street

El Dorado, AR 71730

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Medical Center of Brownwood, LLC    Delaware    2964442   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Metro Knoxville HMA, LLC    Tennessee    660505   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

North Knoxville Medical Center

7565 Dannaher Drive

Powell, TN 37849

 

Turkey Creek Medical Center

10820 Parkside Drive

Knoxville, TN 37934

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Mississippi HMA Holdings I, LLC    Delaware    4634574   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Mississippi HMA Holdings II, LLC    Delaware    4634575   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A

 

I-12


Entity Name

  

Jurisdiction of

Formation

  

Organizational IDs

  

Chief Executive Office

  

Accounts Receivable

Moberly Hospital Company, LLC    Delaware    4447851   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Moberly Regional Medical Center

1515 Union Avenue

Moberly, MO 65270

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Naples HMA, LLC    Florida    L08000107925   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Physicians Regional Medical Center—Collier

8300 Collier Blvd.

Naples, FL 34114

 

Physicians Regional Medical Center—Pine Ridge

6101 Pine Ridge Road

Naples, FL 34119

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Natchez Hospital Company, LLC    Delaware    5526452   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Merit Health Natchez

54 Seargent Pretiss Drive

Natchez, MS 39120

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Navarro Hospital, L.P.    Delaware    2964396   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Navarro Regional Hospital

3201 W. Highway 22

Corsicana, TX

75110

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Navarro Regional, LLC    Delaware    2964393   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
NC-DSH, LLC    Delaware    7015721   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A

 

I-13


Entity Name

  

Jurisdiction of

Formation

  

Organizational IDs

  

Chief Executive Office

  

Accounts Receivable

Northwest Arkansas Hospitals, LLC    Delaware    4251378   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Northwest Medical Center – Bentonville

3000 Medical Center Pkwy.

Bentonville, AR

72712

 

Northwest Medical Center – Springdale

609 W. Maple

Springdale, AR 72764

 

Willow Creek Women’s Hospital

4301 Greathouse Springs Rd.

Johnson, AR 72741

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Northwest Hospital, LLC    Delaware    2964436   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Northwest Medical Center

6200 N. LaCholla Boulevard

Tucson, AZ 85741

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Northwest Sahuarita Hospital, LLC    Delaware    [-]   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Northwest Medical Center Sahuarita

16260 S. Rancho Blvd.

Sahuarita, AZ 85629

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

NOV Holdings, LLC    Delaware    4272333   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A

 

I-14


Entity Name

  

Jurisdiction of

Formation

  

Organizational IDs

  

Chief Executive Office

  

Accounts Receivable

NRH, LLC    Delaware    2964428   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Oak Hill Hospital Corporation    West Virginia    46241   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Plateau Medical

Center

430 Main Street

Oak Hill, WV

25901

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Oro Valley Hospital, LLC    Delaware    3575660   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Oro Valley Hospital

1551 E. Tangerine Road

Oro Valley, AZ

85755

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Palmer-Wasilla Health System, LLC    Delaware    2964382   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Poplar Bluff Regional Medical Center, LLC    Missouri    LC0961963   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Poplar Bluff Regional Medical Center

3100 Oak Grove Road

Poplar Bluff, MO 63901

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

 

I-15


Entity Name

  

Jurisdiction of

Formation

  

Organizational IDs

  

Chief Executive Office

  

Accounts Receivable

Port Charlotte HMA, LLC    Florida    L08000111185   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Bayfront Health Port Charlotte

2500 Harbor Boulevard

Port Charlotte, FL 33952

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Punta Gorda HMA, LLC    Florida    L08000107920   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Bayfront Health

Punta Gorda

809 East Marion Avenue

Punta Gorda, FL 33950-3898

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

QHG Georgia Holdings, Inc.    Delaware    7015325   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
QHG of Bluffton Company, LLC    Delaware    4474767   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
QHG of Clinton County, Inc.    Indiana    1997020547   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
QHG of Enterprise, Inc.    Alabama    176-166   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Medical Center Enterprise

400 North Edwards Street

Enterprise, AL

36330

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

QHG of Forrest County, Inc.    Mississippi    644555   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
QHG of Fort Wayne Company, LLC    Delaware    4474773   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A

 

I-16


Entity Name

  

Jurisdiction of

Formation

  

Organizational IDs

  

Chief Executive Office

  

Accounts Receivable

QHG of Hattiesburg, Inc.    Mississippi    644553   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
QHG of Springdale, Inc.    Arkansas    100163444   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Regional Hospital of Longview, LLC    Delaware    2964549   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
River Oaks Hospital, LLC    Mississippi    939308   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Merit Health River Oaks

1030 River Oaks Drive

Flowood, MS 39232

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

River Region Medical Corporation    Mississippi    631781   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
ROH, LLC    Mississippi    938734   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Merit Health Woman’s Hospital

1026 N. Flowood Drive

PO Box 4546 (Jackson, MS 39296-4546)

Flowood, MS 39232

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Roswell Hospital Corporation    New Mexico    1913540   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Eastern New Mexico Medical Center

405 West Country

Club Road

Roswell, NM 88201

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Ruston Hospital Corporation    Delaware    4270743   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A

 

I-17


Entity Name

  

Jurisdiction of

Formation

  

Organizational IDs

  

Chief Executive Office

  

Accounts Receivable

Ruston Louisiana Hospital Company, LLC    Delaware    4270657   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

SACMC, LLC    Delaware    2964570   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
San Angelo Community Medical Center, LLC    Delaware    2964587   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
San Angelo Hospital, L.P.    Delaware    2964591   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

San Angelo Medical, LLC    Delaware    3001078   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Scranton Holdings, LLC    Delaware    4927795   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Scranton Hospital Company, LLC    Delaware    4927796   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Regional Hospital of Scranton

746 Jefferson Ave.

Scranton, PA 18510

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Scranton Quincy Holdings, LLC    Delaware    5005526   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Scranton Quincy Hospital Company, LLC    Delaware    5005530   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Moses Taylor

Hospital

700 Quincy Ave.

Scranton, PA 18510

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

 

I-18


Entity Name

  

Jurisdiction of

Formation

  

Organizational IDs

  

Chief Executive Office

  

Accounts Receivable

Seminole HMA, LLC    Oklahoma    3512339861   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

AllianceHealth Seminole

2401 Wrangler Boulevard

Seminole, OK

74868

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Shelbyville Hospital Company, LLC    Tennessee    494640   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Siloam Springs Arkansas Hospital Company, LLC    Delaware    4617628   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Siloam Springs Regional Hospital

205 E. Jefferson Street

Siloam Springs, AR 72761

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Siloam Springs Holdings, LLC    Delaware    4617627   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Southeast HMA Holdings, LLC    Delaware    4634565   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Southern Texas Medical Center, LLC    Delaware    3001009   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Southwest Florida HMA Holdings, LLC    Delaware    4634561   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A

 

I-19


Entity Name

  

Jurisdiction of

Formation

  

Organizational IDs

  

Chief Executive Office

  

Accounts Receivable

Statesville HMA, LLC    North Carolina    C200808000880   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Davis Regional Medical Center

218 Old Mocksville Road

Statesville, NC

28625

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Tennessee HMA Holdings, LP    Delaware    5267250   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Tennyson Holdings, LLC    Delaware    4075793   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Triad Healthcare, LLC    Delaware    3035153   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Triad Holdings III, LLC    Delaware    3037153   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Triad Holdings IV, LLC    Delaware    2984727   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Triad Holdings V, LLC    Delaware    2226797   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Triad Nevada Holdings, LLC    Delaware    4474764   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Triad of Alabama, LLC    Delaware    2964867   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Flowers Hospital

4370 West Main Street

Dothan, AL 36305

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Triad-ARMC, LLC    Delaware    3561894   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A

 

I-20


Entity Name

  

Jurisdiction of

Formation

  

Organizational IDs

  

Chief Executive Office

  

Accounts Receivable

Triad-El Dorado, Inc.    Arkansas    100129067   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Triad-Navarro Regional Hospital Subsidiary, LLC    Delaware    3036964   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Tullahoma HMA, LLC    Tennessee    453279   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Tunkhannock Hospital Company, LLC    Delaware    4927797   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Tyler Memorial Hospital

5950 SR 6 West

West Tunkhannock, PA 18657-9110

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Venice HMA, LLC    Florida    L08000108774   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Venice Regional Bayfront Health

540 The Rialto

Venice, FL 34285

 

Professional Account Services, Inc.

7000 Commerce

Way

Suite 100

Brentwood, TN

37027

VHC Medical, LLC    Delaware    3001003   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Vicksburg Healthcare, LLC    Delaware    2939229   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Merit Health River Region

2100 Highway 61

North Vicksburg, MS 39183

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

 

I-21


Entity Name

  

Jurisdiction of

Formation

  

Organizational IDs

  

Chief Executive Office

  

Accounts Receivable

Victoria Hospital, LLC    Delaware    2948658   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Victoria of Texas, L.P.    Delaware    2949026   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

DeTar Hospital

North

101 Medical Drive

Victoria, TX 77904

 

DeTar Hospital

Navarro

506 E. San Antonio Street

Victoria, TX 77901

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Virginia Hospital Company, LLC    Virginia    S097163-2   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Warsaw Health System, LLC    Delaware    2987604   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Kosciusko Community Hospital

2101 E. DuBois Drive

Warsaw, IN 46580

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Webb Hospital Corporation    Delaware    3695172   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Webb Hospital Holdings, LLC    Delaware    3695131   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A

 

I-22


Entity Name

  

Jurisdiction of

Formation

  

Organizational IDs

  

Chief Executive Office

  

Accounts Receivable

Wesley Health System LLC    Delaware    2770969   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Wesley Medical Center

5001 Hardy Street

Hattiesburg, MS 39402

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

WHMC, LLC    Delaware    2964658   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Wilkes-Barre Behavioral Hospital Company, LLC    Delaware    4617621   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

First Hospital

562 Wyoming

Avenue

Kingston, PA

18704

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Wilkes-Barre Holdings, LLC    Delaware    4617617   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A
Wilkes-Barre Hospital Company, LLC    Delaware    4617619   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

Wilkes-Barre General Hospital

575 North River Street

Wilkes-Barre, PA 18764

 

Professional Account Services, Inc.

7000 Commerce Way

Suite 100

Brentwood, TN 37027

Woodland Heights Medical Center, LLC    Delaware    2964611   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

   N/A

 

I-23


Entity Name

  

Jurisdiction of

Formation

  

Organizational IDs

  

Chief Executive Office

  

Accounts Receivable

Woodward Health System, LLC    Delaware    2964411   

Community Health Systems

4000 Meridian Blvd.

Franklin, TN 37067

  

AllianceHealth Woodward

900 17th Street

Woodward, OK

73801

 

Professional Account Services, Inc.

7000 Commerce

Way

Suite 100

Brentwood, TN

37027

 

I-24


Schedule II to the Guarantee and

Collateral Agreement

SUBSIDIARY GUARANTORS

 

1.

Abilene Hospital, LLC

2.

Abilene Merger, LLC

3.

Affinity Health Systems, LLC

4.

Affinity Hospital, LLC

5.

Birmingham Holdings II, LLC

6.

Birmingham Holdings, LLC

7.

Bluffton Health System LLC

8.

Brandon HMA, LLC

9.

Brownwood Hospital, L.P.

10.

Brownwood Medical Center, LLC

11.

Bullhead City Hospital Corporation

12.

Bullhead City Hospital Investment Corporation

13.

Campbell County HMA, LLC

14.

Carlsbad Medical Center, LLC

15.

Carolinas Holdings, LLC

16.

Carolinas JV Holdings General, LLC

17.

Carolinas JV Holdings II, LLC

18.

Carolinas JV Holdings, L.P.

19.

Central Florida HMA Holdings, LLC

20.

Central States HMA Holdings, LLC

21.

CHS Receivables Funding, LLC

22.

CHS Tennessee Holdings, LLC

23.

CHS Virginia Holdings, LLC

24.

CHSPSC, LLC

25.

Citrus HMA, LLC

26.

Clarksdale HMA, LLC

27.

Clarksville Holdings II, LLC

28.

Clarksville Holdings, LLC

29.

Cleveland Hospital Company, LLC

30.

Cleveland Tennessee Hospital Company, LLC

31.

Clinton HMA, LLC

32.

Cocke County HMA, LLC

33.

Community Health Investment Company, LLC

34.

CP Hospital GP, LLC

35.

CPLP, LLC

36.

Crestwood Healthcare, L.P.

37.

Crestwood Hospital LP, LLC

38.

Crestwood Hospital, LLC

39.

CSMC, LLC

40.

Desert Hospital Holdings, LLC

41.

Detar Hospital, LLC

42.

DHFW Holdings, LLC

43.

Dukes Health System, LLC

44.

Emporia Hospital Corporation

45.

Florida HMA Holdings, LLC

46.

Foley Hospital Corporation

47.

Frankfort Health Partner, Inc.

48.

Franklin Hospital Corporation

49.

Gadsden Regional Medical Center, LLC

50.

Granbury Hospital Corporation

[Signature Page to Junior-Priority Collateral Agreement]


51.

Greenbrier VMC, LLC

52.

GRMC Holdings, LLC

53.

Hallmark Healthcare Company, LLC

54.

Health Management Associates, LLC

55.

Health Management Associates, LP

56.

Health Management General Partner I, LLC

57.

Health Management General Partner, LLC

58.

Hernando HMA, LLC

59.

HMA Hospitals Holdings, LP

60.

HMA Santa Rosa Medical Center, LLC

61.

HMA Services GP, LLC

62.

HMA-TRI Holdings, LLC

63.

Hobbs Medco, LLC

64.

Hospital Management Associates, LLC

65.

Hospital Management Services of Florida, LP

66.

Jackson HMA, LLC

67.

Jefferson County HMA, LLC

68.

Kay County Hospital Corporation

69.

Kay County Oklahoma Hospital Company, LLC

70.

Key West HMA, LLC

71.

Kirksville Hospital Company, LLC

72.

Knox Hospital Company, LLC

73.

Knoxville HMA Holdings, LLC

74.

La Porte Health System, LLC

75.

La Porte Hospital Company, LLC

76.

Laredo Texas Hospital Company, L.P.

77.

Las Cruces Medical Center, LLC

78.

Lea Regional Hospital, LLC

79.

Longview Clinic Operations Company, LLC

80.

Longview Medical Center, L.P.

81.

Longview Merger, LLC

82.

LRH, LLC

83.

Lutheran Health Network of Indiana, LLC

84.

Marshall County HMA, LLC

85.

MCSA, L.L.C.

86.

Medical Center of Brownwood, LLC

87.

Metro Knoxville HMA, LLC

88.

Mississippi HMA Holdings I, LLC

89.

Mississippi HMA Holdings II, LLC

90.

Moberly Hospital Company, LLC

91.

Naples HMA, LLC

92.

Natchez Hospital Company, LLC

93.

Navarro Hospital, L.P.

94.

Navarro Regional, LLC

95.

NC-DSH, LLC

96.

Northwest Arkansas Hospitals, LLC

97.

Northwest Hospital, LLC

98.

Northwest Sahuarita Hospital, LLC

99.

NOV Holdings, LLC

100.

NRH, LLC

101.

Oak Hill Hospital Corporation

102.

Oro Valley Hospital, LLC

103.

Palmer-Wasilla Health System, LLC

104.

Poplar Bluff Regional Medical Center, LLC

105.

Port Charlotte HMA, LLC

106.

Punta Gorda HMA, LLC

 

II-2


107.

QHG Georgia Holdings, Inc.

108.

QHG of Bluffton Company, LLC

109.

QHG of Clinton County, Inc.

110.

QHG of Enterprise, Inc.

111.

QHG of Forrest County, Inc.

112.

QHG of Fort Wayne Company, LLC

113.

QHG of Hattiesburg, Inc.

114.

QHG of Springdale, Inc.

115.

Regional Hospital of Longview, LLC

116.

River Oaks Hospital, LLC

117.

River Region Medical Corporation

118.

ROH, LLC

119.

Roswell Hospital Corporation

120.

Ruston Hospital Corporation

121.

Ruston Louisiana Hospital Company, LLC

122.

SACMC, LLC

123.

San Angelo Community Medical Center, LLC

124.

San Angelo Hospital, L.P.

125.

San Angelo Medical, LLC

126.

Scranton Holdings, LLC

127.

Scranton Hospital Company, LLC

128.

Scranton Quincy Holdings, LLC

129.

Scranton Quincy Hospital Company, LLC

130.

Seminole HMA, LLC

131.

Shelbyville Hospital Company, LLC

132.

Siloam Springs Arkansas Hospital Company, LLC

133.

Siloam Springs Holdings, LLC

134.

Southeast HMA Holdings, LLC

135.

Southern Texas Medical Center, LLC

136.

Southwest Florida HMA Holdings, LLC

137.

Statesville HMA, LLC

138.

Tennessee HMA Holdings, LP

139.

Tennyson Holdings, LLC

140.

Triad Healthcare, LLC

141.

Triad Holdings III, LLC

142.

Triad Holdings IV, LLC

143.

Triad Holdings V, LLC

144.

Triad Nevada Holdings, LLC

145.

Triad of Alabama, LLC

146.

Triad-ARMC, LLC

147.

Triad-El Dorado, Inc.

148.

Triad-Navarro Regional Hospital Subsidiary, LLC

149.

Tullahoma HMA, LLC

150.

Tunkhannock Hospital Company, LLC

151.

Venice HMA, LLC

152.

VHC Medical, LLC

153.

Vicksburg Healthcare, LLC

154.

Victoria Hospital, LLC

155.

Victoria of Texas, L.P.

156.

Virginia Hospital Company, LLC

157.

Warsaw Health System, LLC

158.

Webb Hospital Corporation

159.

Webb Hospital Holdings, LLC

160.

Wesley Health System LLC

161.

WHMC, LLC

162.

Wilkes-Barre Behavioral Hospital Company, LLC

 

II-3


163.

Wilkes-Barre Holdings, LLC

164.

Wilkes-Barre Hospital Company, LLC

165.

Woodland Heights Medical Center, LLC

166.

Woodward Health System, LLC

 

 

II-4


Schedule III to the Guarantee and

Collateral Agreement

CAPITAL STOCK

 

   

Issuer

 

Owner

  % of
Equity
Interest
   

Number and Class of

Equity Interest

 

Certificate

Number

1.      

  Abilene Hospital, LLC   Abilene Merger, LLC     100   100% Limited Liability Company Interest   N/A

2.

  Abilene Merger, LLC   Triad Holdings V, LLC     100   100% Limited Liability Company Interest   N/A

3.

  Affinity Health System, LLC   Birmingham Holdings, LLC     99   99 Units   003
    Birmingham Holdings II, LLC     1   1 Unit   004

4.

  Affinity Hospital , LLC   Affinity Health Systems, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

5.

  ARMC, L.P.   Abilene Merger, LLC     1.585     53.50 General Partner Units   N/A (uncertificated)
    Abilene Hospital, LLC     98.8415   4,564,5 Limited Partner Units   N/A (uncertificated)

6.

  Bayfront HMA Healthcare Holdings, LLC   Central Florida HMA Holdings, LLC     80   80% Limited Liability Company Interest  

N/A

(uncertificated)

7.

  Biloxi Health System, LLC   Mississippi HMA Holdings I, LLC     50   50: Limited Liability Company Interest  

N/A

(uncertificated)

8.

  Birmingham Holdings II, LLC   Tennyson Holdings, LLC     100   100 Units   1

9.

  Birmingham Holdings, LLC   Tennyson Holdings, LLC     100   100% Limited Liability Company Interest   2

10.

  Bluffton Health System, LLC   Frankfort Health Partner, Inc.     1  

1% Limited Liability Company

Interest

  N/A
    QHG of Bluffton Company, LLC     99   99% Limited Liability Company Interest   N/A

11.

  Brandon HMA, LLC   Mississippi HMA Holdings II, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

12.

  Brownwood Hospital, L.P.   Brownwood Medical Center, LLC     1   1% General Partner Interest   N/A
    Medical Center of Brownwood, LLC     99   99% Limited Partner Interest   N/A

13.

  Brownwood Medical Center, LLC   Southern Texas Medical Center, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

14.

  Bullhead City Hospital Corporation   Bullhead City Hospital Investment Corporation     100   1,000 Shares   2

15.

  Bullhead City Hospital Investment Corporation   Community Health Investment Company, LLC     98.89   5,000 Shares Common   16
    Community Health Investment Company, LLC     1.11   56 Shares Common   17

16.

  Campbell County HMA, LLC   Health Management Associates, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

17.

  Carlsbad Medical Center, LLC   Triad Holdings V, LLC     100   100% Limited Liability Company Interest   2

18.

  Carolinas Holdings, LLC   Carolinas JV     98.3822   98.3822 Units   001
    Holdings, L.P.     0.0100   0.0100 Units   003
    Carolina JV Holdings II, LLC     1.6078   1.6078 Units   002

19.

  Carolinas JV Holdings General, LLC   Health Management Associates, LP     100   100% Limited Liability Company Interest  

N/A

(uncertificated)


   

Issuer

 

Owner

  % of
Equity
Interest
   

Number and Class of

Equity Interest

 

Certificate

Number

20.    

  Carolinas JV Holdings II, LLC   Health Management Associates, LP     100   100% Limited Liability Company Interest   001

21.

  Carolinas JV Holdings, L.P.   Carolinas JV Holdings General, LLC     1   1% General Partner Interest  

N/A

(uncertificated)

    Health Management Associates, LP.     99   99% Limited Partner Interest  

N/A

(uncertificated)

22.

  Central Florida HMA Holdings, LLC   Health Management Associates, LP     99   99 Units  

N/A

(uncertificated)

    HMA Holdings, LP     1   1 Unit  

N/A

(uncertificated)

23.

  Central States HMA Holdings, LLC   HMA Hospitals Holdings, LP     1  

1% Limited

Liability

Company

Interest

 

N/A

(uncertificated)

    Health Management Associates, LP     99   99% Limited Liability Company Interest  

N/A

(uncertificated)

24.

  Chesterton Surgery Center, LLC   La Porte Hospital Company, LLC     51   51 Units   N/A (uncertificated)

25.

  CHS Receivables Funding, LLC   CHS/Community Health Systems, Inc.     100   100% Limited Liability Company Interest   N/A (uncertificated)

26.

  CHS Tennessee Holdings, LLC   Knoxville HMA Holdings, LLC     100   100 Units   001

27.

  CHS Virginia Holdings, LLC   Virginia Hospital Company, LLC     100   100% Limited Liability Company Interest   001

28.

  CHSPSC, LLC   CHS/Community Health Systems, Inc.     100   100% Limited Liability Company Interest   001

29.

 

CHS/Community Health

Systems, Inc.

  Community Health Systems, Inc.     100   1,000 Shares Common   2

30.

  Citrus HMA, LLC   Central Florida HMA Holdings, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

31.

  Clarksdale HMA, LLC   Mississippi HMA Holdings II, LLC     100   100% Limited Liability Company Interest   N/A (uncertified)

32.

  Clarksville Holdings II, LLC   Community Health Investment Company, LLC     100   100 Units   003

33.

  Clarksville Holdings, LLC   Clarksville Holdings II, LLC     100   100% Limited Liability Company Interest   002

34.

  Cleveland Hospital Company, LLC   Hallmark Healthcare Company, LLC     100   100 Units   001

35.

  Cleveland Tennessee Hospital Company, LLC   Cleveland Hospital Company, LLC     100   100 Units   002

36.

  Clinton HMA, LLC   Central States HMA Holdings, LL C     100   100 Units   001

37.

  Cocke County HMA, LLC   Knowville HMA Holdings, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

38.

  Collier Boulevard HMA Physician Management, LLC   Southwest Florida HMA Holdings, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

39.

  Collier HMA Neurological Vascular Medical Group, LLC   Southwest Florida HMA Holdings, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

40.

  Collier HMA Physician Management, LLC   Southwest Florida HMA Holdings, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

41.

  Community Health Investment Company, LLC   CHS/Community Health Systems, Inc.     100   100 Units   1

42.

  CP Hospital GP, LLC   Tennyson Holdings, LLC     100   100% Limited Liability Company Interest   002

43.

  CPLP, LLC   Tennyson Holdings, LLC     100   100% Limited Liability Company Interest   002

 

III-2


   

Issuer

 

Owner

  % of
Equity
Interest
   

Number and Class of

Equity Interest

 

Certificate

Number

44.    

  Crestwood Healthcare, L.P.   Crestwood Hospital, LLC     28.42   28.42% General Partner Interest   001
    Crestwood Hospital LP, LLC     71.58   71.58% Limited Partner Interest   002

45.

  Crestwood Hospital LP, LLC   Crestwood Hospital, LLC     100   100% Limited Liability Company Interest   N/A

46.

  Crestwood Hospital, LLC   Triad Holdings III, LLC     100   100% Limited Liability Company Interest   N/A

47.

  Crossgates HMA Medical Group, LLC   Mississippi HMA Holdings II, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

48.

  Crystal River HMA Physician Management, LLC   Central Florida HMA Holdings, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

49.

  CSMC, LLC   College Station Merger, LLC     100   100% Limited Liability Company Interest   N/A

50.

  Desert Hospital Holdings, LLC   Triad Holdings V, LLC     100   100% Limited Liability Company Interest   002

51.

  Detar Hospital, LLC   VHC Medical, LLC     100   100% Limited Liability Company Interest   N/A

52.

  DHFW Holdings, LLC   Frankfort Health Partner, Inc.     1   1 Unit   002
    QHG of Fort Wayne Company, LLC     99   99 Units   001

53.

  Dukes Health System, LLC   QHG of Clinton County, Inc.     100   100% Limited Liability Company Interest   N/A

54.

  DuPont Hospital, LLC   DHFW Holdings, LLC     72.62   72.62% Limited Liability Company Interest  

N/A

(uncertificated)

55.

  Durant H.M.A., LLC   Central States HMA Holdings, LLC     92.264   92.264% Limited Liability Company Interest  

N/A

(uncertificated)

56.

  Durant HMA Physician Management, LLC   Central States HMA Holdings, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

57.

  East Georgia Regional Medical Center, LLC   Southeast HMA Holdings, LLC     89.2538   89.2538% Limited Liability Company Interest  

N/A

(uncertificated)

58.

  Emporia Hospital Corporation   Community Health Investment Company, LLC     100   1,000 Shares Common   2

59.

  Fayetteville Arkansas Hospital Company, LLC   QHG of Springdale, Inc.     80   80 Units  

N/A

(uncertificated)

60.

  Florida HMA Holdings, LLC   HMA Hospitals Holdings, LP     1  

1% Limited

Liability

Company

Interest

 

N/A

(uncertificated)

    Health Management Associates, LP     99   99% Limited Liability Company Interest  

N/A

(uncertificated)

61.

  Florida HMA Urgent Care, LLC  

Florida HMA

Holdings, LLC

    100   100% Limited Liability Company Interest  

N/A

(uncertificated)

62.

  Flowood River Oaks HMA Medical Group, LLC   Mississippi HMA Holdings I, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

63.

  Foley Hospital Corporation   Community Health Investment Company, LLC     100   1,000 Shares Common   2

64.

  Frankfort Health Partner, Inc.   Tennyson Holdings, LLC     100   1,000 Shares Common   3

65.

  Franklin Hospital Corporation   Community Health Investment Company, LLC     100   1,000 Shares Common   2

66.

  Gadsden Regional Medical Center, LLC   GRMC Holdings, LLC     100   100% Limited Liability Company Interest   N/A

 

III-3


   

Issuer

 

Owner

  % of
Equity
Interest
   

Number and Class of

Equity Interest

 

Certificate

Number

67.    

  Granbury Hospital Corporation   Community Health Investment Company, LLC     100   1,000 Shares Common   3

68.

  Greenbrier VMC, LLC   Triad Holdings V, LLC     100   5,024 units   20 and 21 and 24

69.

  GRMC Holdings, LLC   Tennyson Holdings, LLC     100   100% Limited Liability Company Interest   2

70.

  Gulf Coast HMA Physician Management, LLC  

Florida HMA

Holdings, LLC

    100   100% Limited Liability Company Interest  

N/A

(uncertificated)

71.

  Hallmark Healthcare Company, LLC   CHS/Community Health Systems, Inc.     100   100% Limited Liability Company Interest   1

72.

 

Health Management

Associates, LLC

  HMA-TRI Holdings, LLC     100   100 Units   001

73.

 

Health Management

Associates, LP

  Health Management General Partner, LLC     1  

1 General

Partner Unit

 

N/A

(uncertificated)

    Health Management Associates, LLC     99   99 Limited Partner Units  

N/A

(uncertificated)

74.

  Health Management General Partner I, LLC   Hospital Management Services of Florida, LP     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

75.

  Health Management General Partner, LLC   Health Management Associates, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

76.

  Health Management Physician Associates, LLC   Health Management Associates, LP     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

77.

  Hernando HMA, LLC   Central Florida HMA Holdings, LLC     100   100 Units   001

78.

  HMA Hospitals Holdings, LP   Health Management General Partner, LLC     1  

1 General

Partner Unit

 

N/A

(uncertificated)

    Health Management Associates, LLC     99   99 Limited Partner Units  

N/A

(uncertificated)

79.

  HMA Professional Services Group, LP   Hospital Management Services of Florida, LP     99   99 Limited Partner Units  

N/A

(uncertificated)

    Health Management General Partner I, LLC     1  

1 General

Partner Unit

 

N/A

(uncertificated)

80.

  HMA Santa Rosa Medical Center, LLC  

Florida HMA

Holdings, LLC

    100   100% Limited Liability Company Interest  

N/A

(uncertificated)

81.

  HMA Services GP, LLC   Health Management Associates, LP     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

82.

  HMA-TRI Holdings, LLC   CHS/Community Health Systems, Inc.     100   100% Limited Liability Company Interest   001

83.

  Hobbs Medco, LLC   Triad Holdings V, LLC     100   100% Limited Liability Company Interest   002

84.

 

Hospital Management

Associates, LLC

  Health Management Associates, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

85.

  Hospital Management Services of Florida, LP   HMA Services GP, LLC     1   1% General Partner Interest  

N/A

(uncertificated)

    Health Management Associates, L.P.     99   99% Limited Partner Interest  

N/A

(uncertificated)

86.

  Jackson HMA North Medical Office Building, LLC   Mississippi HMA Holdings II, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

87.

  Jackson HMA, LLC   Mississippi HMA Holdings II, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

88.

  Jefferson County HMA, LLC   Health Management Associates, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

89.

 

Kay County Hospital

Corporation

  Community Health Investment Company, LLC     100   1,000 Shares Common   2

 

III-4


   

Issuer

 

Owner

  % of
Equity
Interest
   

Number and Class of

Equity Interest

 

Certificate

Number

90.

 

Kay County Oklahoma

Hospital Company, LLC

  Kay County Hospital Corporation     100   100% Limited Liability Company Interest   002

91.

  Key West HMA Physician Management, LLC  

Florida HMA

Holdings, LLC

    100   100% Limited Liability Company Interest  

N/A

(uncertificated)

92.

  Key West HMA, LLC  

Florida HMA

Holdings, LLC

    100   100% Limited Liability Company Interest  

N/A

(uncertificated)

93.

  Kirksville Hospital Company, LLC   Community Health Investment Company, LLC     100   100 Units   001

94.

  Kirksville Missouri Hospital Company, LLC   Kirksville Hospital Company, LLC    

84.639

3.464

0.705

0.329


 

5,400 Units

221 Units

45 Units

21 Units

 

82

64

78

81

95.

  Knox Hospital Company, LLC   La Porte Health System, LLC     100   100% Limited Liability Company Interest   N/A (uncertificated)

96.

  Knoxville HMA Cardiology PPM, LLC   Knoxville HMA Holdings, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

97.

  Knoxville HMA Holdings, LLC   Tennessee HMA Holdings, LP     100   100 Units  

N/A

(uncertificated)

98.

  Knoxville HMA JV Holdings, LLC   Knoxville HMA Holdings, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

99.

  Knoxville HMA Physician Management, LLC   Knoxville HMA Holdings, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

100.

  La Porte Health System, LLC   Frankfort Health Partner, Inc.     100   100 Units   001

101.

  La Porte Hospital Company, LLC   La Porte Health System, LLC     100   100% Limited Liability Company Interest   N/A (uncertificated)

102.

 

Laredo Texas Hospital

Company, L.P.

  Webb Hospital Corporation     0.101   0.101% General Partner Interest   001
    Webb Hospital Holdings, LLC     99.899  

99.899%

Limited Partner Interest

  002

103.

  Las Cruces Medical Center, LLC   Triad Holdings V, LLC     100   100% Limited Liability Company Interest   002

104.

  Lea Regional Hospital, LLC   Hobbs Medco, LLC     100   100% Limited Liability Company Interest   N/A

105.

  Longview Clinic Operations Company, LLC   Longview Merger, LLC     100   100 Units   001

106.

  Longview Medical Center, L.P.   Regional Hospital of Longview, LLC     1.11   26 General Partner Units   1
    LRH, LLC     80.86   1,893 Limited Partner Units   2
    Longview Clinic Operations Company, LLC     18.03   422 Limited Partner Units   3

107.

  Longview Merger, LLC   Tennyson Holdings, LLC     100   100% Limited Liability Company Interest   002

108.

  LRH, LLC   Longview Merger, LLC     100   100% Limited Liability Company Interest   N/A

109.

  Lutheran Health Network Investors, LLC   Lutheran Health Network of Indiana, LLC     38.243  

127 Units

14,947 Units

35 Units

 

195

383

425

    QHG of Fort Wayne Company, LLC     42.557  

489 Units

480 Units

15,844 Units

 

3

147

384

    DHFW Holdings, LLC     5.819  

2,000 Units

299 Units

 

2

148

110.

  Lutheran Health Network of Indiana, LLC   Tennyson Holdings, LLC     100   100% Limited Liability Company Interest   002

 

III-5


   

Issuer

 

Owner

  % of
Equity
Interest
   

Number and Class of

Equity Interest

 

Certificate

Number

111.

  Lutheran Musculoskeletal Center, LLC   Lutheran Health Network of Indiana, LLC     30.01   1,673 Units   73
    QHG of Fort Wayne Company, LLC     29.99   1,672 Units   74

112.

  Madison Health System, LLC   Mississippi HMA Holdings II, LLC     50   500 Units  

N/A

(uncertified)

113.

  Marshall County HMA, LLC   Central States HMA Holdings, LL C     100   100 Units   001

114.

  MCSA, L.L.C.   Triad-El Dorado, Inc.     100   100 Units   002

115.

  Medical Center of Brownwood, LLC   Southern Texas Medical Center, LLC     100   100% Limited Liability Company Interest   N/A

116.

  Metro Knoxville HMA, LLC   Knoxville HMA Holdings, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

117.

  Midwest Regional Medical Center, LLC   Central States HMA Holdings, LLC     98.6   98.6% Limited Liability Company Interest  

N/A

(uncertificated)

118.

  Mississippi HMA Holdings I, LLC   Health Management Associates, LP     99   99% Limited Liability Company Interest  

N/A

(uncertificated)

    HMA Hospitals Holdings, LP     1  

1% Limited

Liability

Company

Interest

 

N/A

(uncertificated)

119.

  Mississippi HMA Holdings II, LLC   HMA Hospitals Holdings, LP     1  

1% Limited

Liability

Company

Interest

 

N/A

(uncertificated)

    Health Management Associates, LP     99   99% Limited Liability Company Interest  

N/A

(uncertificated)

120.

  Mississippi HMA Hospitalists, LLC   Mississippi HMA Holdings I, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

121.

  Moberly Hospital Company, LLC   Community Health Investment Company, LLC     100   100 Units   001

122.

  Mooresville HMA Investors, LLC  

Carolinas JV

Holdings, L.P.

    98.68   98.68% Limited Liability Company Interest  

N/A

(uncertificated)

123.

  Mooresville HMA Physician Management, LLC  

Carolinas JV

Holdings, L.P.

    100   100% Limited Liability Company Interest  

N/A

(uncertificated)

124.

 

Mooresville Hospital

Management Associates, LLC

  Carolinas Holdings, LLC     100   100 Units   001

125.

  Naples HMA, LLC   Southwest Florida HMA Holdings, LLC     100   100 Units  

N/A

(uncertificated)

126.

  Natchez Hospital Company, LLC   Mississippi HMA Holdings II, LLC     100   100 Units   001

127.

  Navarro Hospital, L.P.   Navarro Regional, LLC     1   1% General Partner Interest   212
    NRH, LLC     99   99% Limited Partner Interest   211

128.

  Navarro Regional, LLC   Triad-Navarro Regional Hospital Subsidiary, LLC     100   100% Limited Liability Company Interest   N/A

129.

  NC-DSH, LLC   QHG Georgia Holdings, Inc.     100   100 Units   002

130.

  North Okaloosa Medical Corp.   Community Health Investment Company, LLC     98.388   3,421,000 Common   72

131.

  Northwest Arkansas Hospitals, LLC   Tennyson Holdings, LLC     100   100 Units   003

132.

  Northwest Hospital, LLC   NOV Holdings, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

133.

  Northwest Indiana Health Systems, LLC   Frankfort Health Partner, Inc.     91.167  

4,130 Units

4,235.9 Units

 

99

101

 

III-6


   

Issuer

 

Owner

  % of
Equity
Interest
   

Number and Class of

Equity Interest

 

Certificate

Number

134.

  Northwest Sahuarita Hospital, LLC   NOV Holdings, LLC     100   100 Units   001

135.

  NOV Holdings, LLC   Desert Hospital Holdings, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

136.

  NRH, LLC   Triad-Navarro Regional Hospital Subsidiary, LLC     100   100% Limited Liability Company Interest   N/A

137.

  Oak Hill Hospital Corporation   Community Health Investment Company, LLC     100   1,000 Shares Common   2

138.

  Oro Valley Hospital, LLC   NOV Holdings, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

139.

  Palmer-Wasilla Health System, LLC   Triad Holdings V, LLC     100   100 Units   N/A

140.

  Petersburg Hospital Company, LLC   CHS Virginia Holdings, LLC     1.00   78 Units   6
    Community Health Investment Company, LLC     1.00   78 Units   7
    Virginia Hospital Company, LLC     98.00   7,644 Units   5

141.

  Piney Woods Healthcare System, L.P.   Woodland Heights Medical Center, LLC     2.2961  

110.470 General Partner Units

35.00 Limited Partner Units

  N/A
    WHMC, LLC     94.1656   5,080.8 Limited Partner Units   N/A

142.

  Poplar Bluff HMA Physician Management, LLC   Poplar Bluff Regional Medical Center, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

143.

  Poplar Bluff Regional Medical Center, LLC   Central States HMA Holdings, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

144.

  Port Charlotte HMA Physician Management, LLC  

Florida HMA

Holdings, LLC

    100   100% Limited Liability Company Interest  

N/A

(uncertificated)

145.

  Port Charlotte HMA, LLC  

Florida HMA

Holdings, LLC

    100   100% Limited Liability Company Interest  

N/A

(uncertificated)

146.

  Punta Gorda HMA Physician Management, LLC  

Florida HMA

Holdings, LLC

    100   100% Limited Liability Company Interest  

N/A

(uncertificated)

147.

  Punta Gorda HMA, LLC  

Florida HMA

Holdings, LLC

    100   100% Limited Liability Company Interest  

N/A

(uncertificated)

148.

  QHG Georgia Holdings, Inc.   Triad Holdings V, LLC     100   1,000 Shares Common   3

149.

  QHG of Bluffton Company, LLC   Tennyson Holdings, LLC     100   100 Units   1

150.

  QHG of Clinton County, Inc.   Tennyson Holdings, LLC     100   1,000 Shares Common   3

151.

  QHG of Enterprise, Inc.   Triad Nevada Holdings, LLC     100   1,000 Shares Common   3

152.

  QHG of Forrest County, Inc.   Triad Nevada Holdings, LLC     100   1,000 Shares Common   3

153.

  QHG of Fort Wayne Company, LLC   Tennyson Holdings, LLC     100   100 Units   001

154.

  QHG of Hattiesburg, Inc.   Triad Nevada Holdings, LLC     100   1,000 Shares Common   3

155.

  QHG of Springdale, Inc.   Triad Nevada Holdings, LLC     100   1,000 Shares Common   3

156.

 

Regional Hospital of

Longview, LLC

  Longview Merger, LLC     100   100% Limited Liability Company Interest   N/A

157.

  River Oaks Hospital, LLC   Mississippi HMA Holdings I, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

 

III-7


   

Issuer

 

Owner

  % of
Equity
Interest
   

Number and Class of

Equity Interest

 

Certificate

Number

158.

  River Oaks Management Company, LLC   River Oaks Hospital, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

159.

  River Oaks Medical Office Building, LLC   River Oaks Hospital, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

160.

  River Region Medical Corporation   Triad Holdings V, LLC     100  

5,949,472

Shares

Common

  2

161.

  ROH, LLC   River Oaks Hospital, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

162.

  Roswell Hospital Corporation   Community Health Investment Company, LLC     100   1,000 Shares Common   2

163.

  Ruston Hospital Corporation   Community Health Investment Company, LLC     100   1,000 Shares Common   2

164.

  Ruston Louisiana Hospital Company, LLC   Ruston Hospital Corporation     100   100% Limited Liability Company Interest   002

165.

  SACMC, LLC   San Angelo Medical, LLC     100   100% Limited Liability Company Interest   N/A

166.

 

San Angelo Community

Medical Center, LLC

  San Angelo Medical, LLC     100   100% Limited Liability Company Interest   N/A

167.

  San Angelo Hospital, L.P.   San Angelo Medical, LLC     1   42 General Partner Units   038
    SACMC, LLC     99   4,158 Limited Partner Units   039

168.

  San Angelo Medical, LLC   Triad Holdings V, LLC     100   100% Limited Liability Company Interest   002

169.

  Santa Rosa HMA Physician Management, LLC  

Florida HMA

Holdings, LLC

    100   100% Limited Liability Company Interest  

N/A

(uncertificated)

170.

  Scranton Holdings, LLC   Tennyson Holdings, LLC     100   100 Units   001

171.

  Scranton Hospital Company, LLC   Scranton Holdings, LLC     100   100 Units   001

172.

  Scranton Quincy Holdings, LLC   Tennyson Holdings, LLC     100   100 Units   001

173.

  Scranton Quincy Hospital Company, LLC   Scranton Quincy Holdings, LLC     100   100 Units   001

174.

  Seminole HMA, LLC   Central States HMA Holdings, LL C     100   100 Units   001

175.

  Shelbyville Hospital Company, LLC   Community Health Investment Company, LLC     100   100 Units   001

176.

  Siloam Springs Arkansas Hospital Company, LLC   Siloam Springs Holdings, LLC     100   100 Units   1

177.

  Siloam Springs Holdings, LLC   Community Health Investment Company, LLC     100   100 Units   1

178.

  Southeast HMA Holdings, LLC   Health Management Associates, LP     99   99 Units  

N/A

(uncertificated)

    HMA Hospitals Holdings, LP     1   1 Unit  

N/A

(uncertificated)

179.

 

Southern Texas Medical

Center, LLC

  Tennyson Holdings, LLC     100   100% Limited Liability Company Interest   002

180.

  Southwest Florida HMA Holdings, LLC   HMA Hospital Holdings, LP     1  

1% Limited

Liability Company Interest

 

N/A

(uncertificated)

    Health Management Associates, LP     99   99% Limited Liability Company Interest  

N/A

(uncertificated)

181.

  Statesville HMA Medical Group, LLC   Statesville HMA, LLC     100   100% Limited Liability Company Interest  

N/A

(uncertificated)

 

III-8


   

Issuer

 

Owner

  % of
Equity
Interest
   

Number and Class of

Equity Interest

 

Certificate

Number

182.

  Statesville HMA, LLC  

Carolinas JV

Holdings, L.P.

    100   100% Limited Liability Company Interest  

N/A

(uncertificated)

183.

  Tennessee HMA Holdings, LP   Health Management General Partner I, LLC     1   1% General Partner Interest  

N/A

(uncertificated)

    Hospital Management Services of Florida, LP     99   99% Limited Partner Interest  

N/A

(uncertificated)

184.

  Tennyson Holdings, LLC   Triad Healthcare, LLC     100   100 Units   002

185.

  Triad Healthcare, LLC   HMA-TRI Holdings, LLC     100   100 Units   001

186.

  Triad Holdings III, LLC   Triad Holdings IV, LLC     100   100% Limited Liability Company Interest   N/A

187.

  Triad Holdings IV, LLC   Tennyson Holdings, LLC     100   100% Limited Liability Company Interest   002

188.

  Triad Holdings V, LLC   Tennyson Holdings, LLC     100   100% Limited Liability Company Interest   002

189.

  Triad Nevada Holdings, LLC   NC-DSH, LLC     100   100 Units   001

190.

  Triad of Alabama, LLC   Tennyson Holdings, LLC     100   100% Limited Liability Company Interest   2

191.

  Triad-ARMC, LLC   Abilene Merger, LLC     100   100% Limited Liability Company Interest   N/A

192.

  Triad-El Dorado, Inc.   Triad Holdings III, LLC     100   1,000 Shares Common   4

193.

  Triad-Navarro Regional Hospital Subsidiary, LLC   Tennyson Holdings, LLC     100   100% Limited Liability Company Interest   002

194.

  Tullahoma HMA, LLC   Knoxville HMA Holdings, LLC     60   60 Units   001
    CHS Tennessee Holdings, LLC     40   40 Units   002

195.

 

Tunkhannock Hospital

Company, LLC

  Scranton Holdings, LLC     100   100 Units   002

196.

  Venice HMA, LLC  

Florida HMA

Holdings, LLC

    100   100% Limited Liability Company Interest  

N/A

(uncertificated)

197.

  VHC Medical, LLC   Triad Holdings III, LLC     100   100% Limited Liability Company Interest   N/A

198.

  Vicksburg Healthcare, LLC   River Region Medical Corporation     100   100% Limited Liability Company Interest   3

199.

  Victoria Hospital, LLC   VHC Medical, LLC     100   100% Limited Liability Company Interest   N/A

200.

  Victoria of Texas, L.P.   Detar Hospital, LLC     1   1% General Partner Interest   N/A
    Victoria Hospital, LLC     99   99% Limited Partner Interest   N/A

201.

  Virginia Hospital Company, LLC   CHS/Community Health Systems, Inc.     100   100% Limited Liability Company Interest   1

202.

  Warsaw Health System, LLC   Frankfort Health Partner, Inc.     100   100 Unites   001

203.

  Webb Hospital Corporation   Community Health Investment Company, LLC (successor to CHS Holdings Corp.)     100   1,000 Shares Common   1

204.

  Webb Hospital Holdings, LLC   Webb Hospital Corporation     100   100% Limited Liability Company Interest   001

 

III-9


   

Issuer

 

Owner

  % of
Equity
Interest
   

Number and Class of

Equity Interest

 

Certificate

Number

205.

  Wesley Health System, LLC   QHG of Forrest County, Inc.     5  

5% Limited

Liability

Company

Interest

 

N/A

(uncertificated)

    QHG of Hattiesburg, Inc.     95   95% Limited Liability Company Interest  

N/A

(uncertificated)

206.

  WHMC, LLC   Triad Holdings V, LLC     100   100% Limited Liability Company Interest   002

207.

  Wilkes-Barre Behavioral Hospital Company, LLC   Wilkes-Barre Holdings, LLC     100   100 Units   002

208.

  Wilkes-Barre Holdings, LLC   Community Health Investment Company, LLC     100   100 Units   002

209.

  Wilkes-Barre Hospital Company, LLC   Wilkes-Barre Holdings, LLC     100   100 Units   002

210.

  Woodland Heights Medical Center, LLC   Triad Holdings V, LLC     100   100% Limited Liability Company Interest   002

211.

  Woodward Health System, LLC   Triad Holdings IV, LLC     100   100% Limited Liability Company Interest   N/A

PLEDGED DEBT SECURITIES; DEBT INSTRUMENTS; ADVANCES

 

    

Borrower

  

Lender

   Note Date      Note Amount  

1.    

   Affinity Gastroenterology ASC, LLC    CHS/Community Health Systems, Inc.      12/31/2018      $ 1,000,000  

2.

   Biloxi H.M.A., LLC    CHS/Community Health Systems, Inc.      11/30/2020      $ 5,000,000  

3.

   Bullhead City Hospital Corporation    CHS/Community Health Systems, Inc.      1/27/2021      $ 200,000,000  

4.

   Cedar Park Health System, LP    CHS/Community Health Systems, Inc.      1/10/2006      $ 5,000,000  

5.

   Center for Pain Management, LLC    CHS/Community Health Systems, Inc.      10/1/2019      $ 1,000,000  

6.

   Chesterton Surgery Center, LLC    CHS/Community Health Systems, Inc.      12/4/2019      $ 250,000  

7.

   Clarksville Health System, G.P.    CHS/Community Health Systems, Inc.      2/1/2006      $ 5,000,000  

 

III-10


    

Borrower

  

Lender

   Note Date      Note Amount  

8.    

   Cleveland Tennessee Hospital Company, LLC    CHS/Community Health Systems, Inc.      1/27/2021      $ 300,000,000  

9.

   Crestview Hospital Corporation    CHS/Community Health Systems, Inc.      1/27/2021      $ 200,000,000  

10.

   DuPont Hospital, LLC    CHS/Community Health Systems, Inc.      12/20/2005      $ 10,000.00  

11.

   El Dorado Surgery Center, L.P.    CHS/Community Health Systems, Inc.      9/30/2005      $ 2,100,000  
           

12.

   Fayetteville Arkansas Hospital Company, LLC    CHS/Community Health Systems, Inc.      4/1/2016      $ 8,000,000  

13.

   Foley Hospital Corporation    CHS/Community Health Systems, Inc.      1/27/2021      $ 200,000,000  

14.

   Granbury Hospital Corporation    CHS/Community Health Systems, Inc.      1/27/2021      $ 200,000,000  

15.

   Health Management Associates, Inc.    CHS/Community Health Systems, Inc.      1/27/2014      $ 3,000,000,000  

16.

   Health Management Associates, Inc.    CHS/Community Health Systems, Inc.      1/27/2014      $ 2,000,000,000  

17.

   Health Management Associates, Inc.    CHS/Community Health Systems, Inc.      1/27/2014      $ 1,000,000,000  

18.

   Health Management Associates, LLC    CHS/Community Health Systems, Inc.      2/6/2020      $ 466,000,000  

19.

   Kay County Oklahoma Hospital Company, LLC    CHS/Community Health Systems, Inc.      1/27/2021      $ 200,000,000  

20.

   Kirksville Missouri Hospital Company, LLC    CHS/Community Health Systems, Inc.      1/27/2021      $ 200,000,000  

21.

   Kirksville Missouri Hospital Company, LLC    CHS/Community Health Systems, Inc.      10/31/2011      $ 76,000,000  

22.

   Kirksville Missouri Hospital Company, LLC    CHS/Community Health Systems, Inc.      10/31/2011      $ 30,000,000  

 

III-11


    

Borrower

  

Lender

   Note Date      Note Amount  

23.  

   Knox Hospital Company, LLC    CHS/Community Health Systems, Inc.      1/27/2021      $ 200,000,000  

24.

   La Porte Hospital Company, LLC    CHS/Community Health Systems, Inc.      1/27/2021      $ 200,000,000  

25.

   Langtree Endoscopy Center, LLC    CHS/Community Health Systems, Inc.      10/1/2019      $ 500,000  

26.

   Laredo Texas Hospital Company, L.P.    CHS/Community Health Systems, Inc.      1/27/2021      $ 200,000,000  

27.

   Las Cruces Surgery Center, L.P.    CHS/Community Health Systems, Inc.      7/3/2020      $ 1,000,000  

28.

   Lutheran Health Network Investors, LLC    Triad Healthcare, LLC      1/31/2020      $ 132,000,000  

29.

   Lutheran Health Network Investors, LLC    Triad Healthcare Corporation      10/1/2009      $ 499,200,000  

30.

   Madison Health System, LLC    CHS/Community Health Systems, Inc.      8/1/2019      $ 4,000,000  

31.

   Mat-Su Valley Medical Center, LLC    CHS/Community Health Systems, Inc.      11/30/2005      $ 9,000,000  

32.

   Moberly Hospital Company, LLC    CHS/Community Health Systems, Inc.      1/27/2021      $ 200,000,000  

33.

   Natchez Hospital Company, LLC    CHS/Community Health Systems, Inc.      1/27/2021      $ 200,000,000  

34.

   Northwest Sahuarita Hospital, LLC    CHS/Community Health Systems, Inc.      1/27/2021      $ 200,000,000  

35.

   Oak Hill Hospital Corporation    CHS/Community Health Systems, Inc.      1/27/2021      $ 200,000,000  

36.

   Piney Woods Healthcare System, L.P.    CHS/Community Health Systems, Inc.      4/1/2011      $ 5,300,000  

37.

   Porter Hospital, LLC    CHS/Community Health Systems, Inc.      1/27/2021      $ 200,000,000  

 

III-12


    

Borrower

  

Lender

   Note Date      Note Amount  

38.

   Roswell Hospital Corporation    CHS/Community Health Systems, Inc.      1/27/2021      $ 200,000,000  

39.

   Scranton Hospital Company, LLC    CHS/Community Health Systems, Inc.      1/27/2021      $ 300,000,000  

40.

   Scranton Quincy Hospital Company, LLC    CHS/Community Health Systems, Inc.      1/27/2021      $ 300,000,000  

41.

   Summit Surgical Suites, LLC    CHS/Community Health Systems, Inc.      9/1/2019      $ 500,000  

42.

   Susitna Surgery Center, LLC    CHS/Community Health Systems, Inc.      2/18/2020      $ 1,500,000  

43.

   Triad Healthcare, LLC    CHS/Community Health Systems, Inc.      3/6/2019      $ 1,600,809,000  

44.

   Triad Healthcare, LLC    CHS/Community Health Systems, Inc.      2/6/2020      $ 966,000,000  

45.

   Tunkhannock Hospital Company, LLC    CHS/Community Health Systems, Inc.      1/27/2021      $ 200,000,000  

46.

   Vero Beach Florida ASC, LLC    CHS/Community Health Systems, Inc.      11/29/2018      $ 1,000,000  

47.

   Wilkes-Barre Hospital Company, LLC    CHS/Community Health Systems, Inc.      1/27/2021      $ 600,000,000  

48.  

   Wilkes-Barre Behavioral Hospital Company, LLC    CHS/Community Health Systems, Inc.      1/27/2021      $ 200,000,000  

 

III-13


Schedule IV to the Guarantee and

Collateral Agreement

DEBT INSTRUMENTS; ADVANCES

See Pledged Debt Securities, Debt Instruments; Advances in Schedule III.


Schedule V to the Guarantee and

Collateral Agreement

MORTGAGE FILINGS

 

    

Property Name/Address

  

Record Owner

  

Filing Office

1.   

Flowers Hospital

4370 West Main Street

Dothan, AL 36305

   Triad of Alabama, LLC    Houston County, AL
2.   

Gadsden Regional Medical Center

1007 Goodyear Avenue

Gadsden, AL 35903

   Gadsden Regional Medical Center, LLC    Etowah County, AL
3.   

Medical Center Enterprise

400 North Edwards St.

Enterprise, AL 36330

   QHG of Enterprise, Inc.    Coffee County, AL
4.   

Northwest Medical Center

6200 N. LaCholla Blvd.

Tucson, AZ 85741

   Northwest Hospital, LLC    Pima County, AZ
5.   

Oro Valley Hospital

1551 E. Tangerine Road

Oro Valley, AZ 85755

   Oro Valley Hospital, LLC    Pima County, AZ
6.   

Bluffton Regional Medical Center

303 South Main Street

Bluffton, IN 46714

   Bluffton Health System LLC    Wells County, IN
7.   

Northwest Health - La Porte

1007 Lincoln Way

La Porte, IN 46350

   La Porte Hospital Company, LLC    LaPorte County, IN
8.   

Dukes Memorial Hospital

275 W. 12th Street

Peru, IN 46970

   Dukes Health System, LLC    Miami County, IN
9.   

Merit Health River Region

2100 Highway 61 North

Vicksburg, MS 39183 /

1111 N. Frontage Road

Vicksburg, MS 39180

   Vicksburg Healthcare, LLC    Warren County, MS
10.   

Merit Health Wesley

5001 Hardy Street

Hattiesburg, MS 39402

   Wesley Health System
LLC
   Lamar and Forrest
Counties, MS
11.   

Moberly Regional Medical Center

1515 Union Avenue

Moberly, MO 65270

   Moberly Hospital Company, LLC    Shelby and Randolph
Counties, MO
12.   

Carlsbad Medical Center

2430 West Pierce St

Carlsbad, NM 88220

   Carlsbad Medical Center,
LLC
   Eddy County, NM
13.   

Eastern New Mexico Medical Center

405 West Country Club Road

Roswell, NM 88201

   Roswell Hospital Corporation    Chaves County, NM
14.   

Lea Regional Medical Center

5419 N. Lovington Highway

Hobbs, NM 88240

   Lea Regional Hospital,
LLC
   Lea County, NM
15.   

Mountain View Regional Medical Center

4311 East Lohman Avenue

Las Cruces, NM 88011

   Las Cruces Medical Center,
LLC
   Dona Ana County, NM


16.   

AllianceHealth Ponca

City (f/k/a Ponca City Medical

Center)

1900 North 14th Street

Ponca City, OK 74601

   Kay County Oklahoma Hospital Company, LLC    Kay County, OK
17.   

Moses Taylor Hospital

700 Quincy Avenue

Scranton, PA 18510

   Scranton Quincy Hospital Company, LLC    Lackawanna County, PA
18.   

Regional Hospital of Scranton

746 Jefferson Ave

Scranton, PA 18510

   Scranton Hospital Company, LLC    Lackawanna County, PA
19.   

Tyler Memorial Hospital

5950 SR6

Tunkhannock, PA 18657

   Tunkhannock Hospital Company, LLC    Wyoming County, PA
20.   

Wilkes-Barre General Hospital

575 North River Street

Wilkes-Barre, PA 18702

Thomas P. Saxton Medical Pavilion

468 Northampton Street

Edwardsville, PA 18704

Wyoming Valley Imaging Center

345 N. Pennsylvania Avenue

Wilkes-Barre, PA 18702

   Wilkes-Barre Hospital
Company, LLC
   Luzerne County, PA
21.   

First Hospital

562 and 534 Wyoming Avenue

Kingston, PA 18704

 

Community Counseling Services

110-130 S. Pennsylvania Avenue (a/k/a 101 E. Northampton)

Wilkes-Barre, PA 18701

92 S. Franklin Street

Wilkes-Barre, PA 18701

320 S. Franklin Street

Wilkes-Barre, PA 18702

   Wilkes-Barre Behavioral Hospital Company, LLC    Luzerne County, PA
22.   

Tennova Healthcare-Cleveland

2305 Chambliss Avenue NW

Cleveland, TN 37311

   Cleveland Tennessee Hospital Company, LLC    Bradley County, TN
23.   

DeTar Healthcare System (f/k/a

DeTar Hospital Navarro)

506 E. San Antonio Street

Victoria, TX 77901

   Victoria of Texas, L.P.    Victoria County, TX
24.   

DeTar Healthcare System (f/k/a

DeTar Hospital North)

101 Medical Drive

Victoria, TX 77904

   Victoria of Texas, L.P.    Victoria County, TX
25.   

Grandview Medical Center

3690 Grandview Parkway

Birmingham, AL 35243

   Affinity Hospital, LLC    Jefferson County, AL

 

V-2


26.   

Medical Center of South Arkansas

700 W. Grove Street

El Dorado, AR 71730

   MCSA, L.L.C.    Union County, AR
27.   

Western Arizona Regional Medical Center

2735 Silver Creek Road

Bullhead City, AZ 86442

  

Bullhead City Hospital

Corporation

   Mohave County, AZ
28.   

Longview Regional Medical Center

2901 N. Fourth Street

Longview, TX 75605

   Longview Medical Center, L.P.    Gregg County, TX
29.   

Northwest Medical Center -

Springdale

609 W. Maple Ave

Springdale, AR 72764

515 South Thompson Street

Springdale, AR 72764

   Northwest Arkansas Hospitals, LLC & QHG of Springdale, Inc.    Washington County, AR
30.   

Willow Creek Women’s Hospital

4301 Greathouse Springs Rd.

Johnson, AR 72741

   Northwest Arkansas Hospitals, LLC    Washington County, AR
31.   

Northwest Medical Center – Bentonville

3000 Medical Center Pkwy.

Bentonville, AR 72712

   QHG of Springdale, Inc.    Benton County, AR
32.   

Newport Medical Center

435 Second Street

Newport, TN 37821

   Cocke County HMA, LLC    Cocke County, TN
33.   

Seven Rivers Regional Medical Center

6201 N. Suncoast Blvd.

Crystal River, FL 34428

   Citrus HMA, LLC    Citrus County, FL
34.   

Turkey Creek Medical Center

10820 Parkside Drive

Knoxville, TN 37934

   Metro Knoxville HMA, LLC    Knox County, TN
35.   

North Knoxville Medical Center

7565 Dannaher Drive

Powell, TN 37849

   Metro Knoxville HMA, LLC    Knox County, TN
36.   

Physicians Regional Medical Center (Pine Ridge)

6101 Pine Ridge Road

Naples, FL 34119

   Naples HMA, LLC    Collier County, FL
37.   

Physicians Regional Medical Center

(Collier Blvd. and MOB)

8300 Collier Blvd.2

Naples, FL 34114

   Naples HMA, LLC    Collier County, FL
38.   

Poplar Bluff Regional Medical Center

3100 Oak Grove Road

Poplar Bluff, MO 63901

   Poplar Bluff Regional Medical Center, LLC    Butler County, MO

 

2 

Including the property at 8320 Collier Boulevard, Naples, FL 34114.

 

V-3


39.   

Bayfront Health Port Charlotte (f/k/a

Peace River Regional

Medical Center)

2500 Harbor Boulevard

Port Charlotte, FL 339523

   Port Charlotte HMA, LLC    Charlotte County, FL
40.   

Bayfront Health Punta Gorda (f/k/a

Charlotte Regional Medical Center)

809 E. Marion Avenue

Punta Gorda, FL 33950

   Punta Gorda HMA, LLC    Charlotte County, FL
41.   

Riverside Behavioral Center

733 E. Olympia Ave.

Punta Gorda, FL 33950

   Punta Gorda HMA, LLC    Charlotte County, FL
42.   

Merit Health River Oaks (f/k/a

River Oaks Hospital)

1030 River Oaks Drive

Flowood, MS 39232

   River Oaks Hospital, LLC    Rankin County, MS
43.   

Merit Health Woman’s Hospital (f/k/a Women’s Hospital)

1026 N. Flowood Drive4

Flowood, MS 39232

   ROH, LLC    Rankin County, MS
44.   

Davis Regional Medical Center

218 Old Mocksville Road

Statesville, NC 28625

   Statesville HMA, LLC    Iredell County, NC
45.   

Venice Regional Medical Center

540 The Rialto

Venice, FL 34285

   Venice HMA, LLC    Sarasota County, FL
46.   

Merit Health Natchez

54 Seargent S Prentiss Drive

Natchez, MS 39120

   Natchez Hospital Company, LLC    Adams County, MS
47.   

Crestwood Medical Center

One Hospital Drive SW

Huntsville, AL 35801

   Crestwood Healthcare, L.P.    Madison County, AL
48.   

Laredo Medical Center

1700 East Saunders Street

Laredo, TX 78041

   Laredo Texas Hospital Company, L.P.    Webb County, TX
49.   

Greenbrier Valley Medical Center

(Site 57). 1320 Maplewood Ave,

Ronceverte, WV 24970

   Greenbrier VMC LLC    Greenbrier County Recorder, WV

 

 

3 

Site also includes the following building numbers: 2370, 2380, and 2450.

4 

Mortgage includes the following address: 1030 N. Flowood Drive, Flowood, MS 39232.

 

V-4


Schedule VI to the Guarantee and

Collateral Agreement

U.S. COPYRIGHTS OWNED BY CHS/COMMUNITY HEALTH SYSTEMS, INC.

U.S. Copyright Registrations

 

Registered Owner

  

Title

  

Application /Registration

Number

CHS/Community Health Systems, Inc.    CHS/Community Health Systems, Inc. : clinical guidelines for inpatient care    TXu000958466

Pending U.S. Copyright Applications for Registration

None.

Non-U.S. Copyright Registrations

None.

Non-U.S. Pending Copyright Applications for Registration

None.


U.S. COPYRIGHTS OWNED BY CHSPSC, LLC

U.S. Copyright Registrations

 

Registered Owner

  

Title

  

Application /Registration

Number

CHSPSC, LLC    EVENT REPORTING SYSTEM    TX 6-911-875; TX 6-684-998 (supplement)
CHSPSC, LLC    CREDENTIALING    TX 6-911-873; TX 6-684-999 (supplement)
CHSPSC, LLC    CASE MANAGEMENT    TX 7-184-373
CHSPSC, LLC    CALLBACK ADMINISTRATOR (DCA/PCA)    TXu 1-687-639
CHSPSC, LLC    PHYSICIAN START-UP    TXu 1-687-641

Pending U.S. Copyright Applications for Registration

None.

Non-U.S. Copyright Registrations

None.

Non-U.S. Pending Copyright Applications for Registration

None.

 

VI-2


LICENSES

None.

 

VI-3


PATENTS

None.

 

VI-4


TRADEMARK/TRADE NAMES OWNED BY CHS/COMMUNITY HEALTH SYSTEMS,

INC.

U.S. Trademark Registrations

 

Registered Owner

  

Mark

  

Application/Registration

Number

CHS/Community Health

Systems, Inc.

   CHS & design    1988032

U.S. Trademark Applications

None.

State Trademark Registrations

 

Registered Owner

  

Mark

  

Reg. No.

CHS/Community Health

Systems, Inc.

  

COMMUNITY HEALTH

SYSTEMS

  

Tennessee State Registration No.

42743

Non-U.S. Trademark Registrations

None.

Non-U.S. Trademark Applications

None.

Trade Names

None.

 

VI-5


TRADEMARK/TRADE NAMES OWNED BY CHSPSC, LLC

 

Registered Owner

  

Mark

  

Application/Registration

Number

CHSPSC, LLC   

GATEWAY MEDICAL

CENTER

   2775950
CHSPSC, LLC    DESIGN ONLY    3285337
CHSPSC, LLC    DESIGN ONLY    3444757
CHSPSC, LLC    REDIMED    3037881
CHSPSC, LLC   

LUTHERAN CHILDREN’S

HOSPITAL

   3144409
CHSPSC, LLC   

LUTHERAN HEALTH

NETWORK

   3185051
CHSPSC, LLC   

LUTHERAN HEALTH

NETWORK

   6157240
CHSPSC, LLC    LUTHERAN AIR    6141356
CHSPSC, LLC   

LUTHERAN HEART

CENTER

   3156408
CHSPSC, LLC   

LUTHERAN HEART

PAVILION

   3131393
CHSPSC, LLC   

LUTHERAN HOSPITAL OF

INDIANA

   3144410
CHSPSC, LLC   

REHABILITATION

HOSPITAL OF FORT

WAYNE

   3111485
CHSPSC, LLC   

ST. JOSEPH BEHAVIORAL

HEALTH

   3179375
CHSPSC, LLC    DESIGN ONLY    3167543
CHSPSC, LLC   

LUTHERAN SLEEP

DISORDERS CENTER

   3166943
CHSPSC, LLC    LOGO    4242072
CHSPSC, LLC   

ALLIANCE HEALTH

OKLAHOMA

   5042163
CHSPSC, LLC    COMMUNITY CARES    2499955
CHSPSC, LLC    COMMUNITY CARES    2463771
CHSPSC, LLC   

HEALTHY WOMAN and Design

 

LOGO

  

3852138

 

VI-6


CHSPSC, LLC   

MEDSTAT w/butterfly in

blue circle

LOGO

   4416896
CHSPSC, LLC    MY HEALTH HOME    4921138
CHSPSC, LLC    MYHEALTHINFOHOME    4921170
CHSPSC, LLC   

MYHEALTHINFOHOME (Plus design)

LOGO

   4921169
CHSPSC, LLC    SENIOR CIRCLE    5474936
CHSPSC, LLC   

TINY TOES A TIP-TOP OB

CLUB and Design

   4107963
CHSPSC, LLC   

VIRTUALHEALTH

CONNECT and Design

   5300774

U.S. Trademark Applications

None.

State Trademark Registrations

 

Registered Owner

  

Mark

  

Reg. No.

CHSPSC, LLC   

DUKES MEMORIAL

HOSPITAL

  

Indiana State Registration (ID:

2007-0023)

CHSPSC, LLC    DUPONT HOSPITAL   

Indiana State Registration (ID:

2007-0022)

Non-U.S. Trademark Registrations

None.

Non-U.S. Trademark Applications

None.

Trade Names

None.

 

VI-7


Schedule VII to the Guarantee and

Collateral Agreement

COMMERCIAL TORT CLAIMS

Collier HMA Physician Management, LLC d/b/a Physicians Regional Medical Group, a Florida limited liability company; and Naples HMA, LLC d/b/a Physicians Regional Medical Center – Pine Ridge and Physicians Regional Medical Center – Collier Boulevard, a Florida limited liability company v. NCA Healthcare Systems, Inc., a Florida not-for-profit corporation; Naples Community Hospital, Inc., a Florida not-for-profit corporation; and NCHMD, Inc., a Florida not-for-profit corporation: Suit pending in U.S. District Court for the Middle District of Florida for tortiously interfering with advantageous contractual and/or business relationships, conspiring to tortiously interfere with those relationships, engaging in unfair trade practices and engaging in unfair competition.

West Virginia University Hospitals, Inc., et al v Purdue Pharma LP, et al: Circuit Court of Marshall County, WV. Suit against opioid manufacturers, distributors and retailers for economic damages sustained as a result of treating patients for opioid-related conditions (affiliated entities are Oak Hill Hospital Corporation, Bluefield Hospital Company, LLC, Greenbrier VMC, LLC).

Kingman Hospital Inc., et al v Purdue Pharma, LP, et al: Superior Court of the State of Arizona for the County of Mohave. Suit against opioid manufacturers, distributors and retailers for economic damages sustained as a result of treating patients for opioid-related conditions (Bullhead City Hospital Corporation, Northwest Hospital, LLC, Oro Valley Hospital, LLC).

Takoma Regional Hospital, Inc., et al v Purdue Pharma, LP, et al: Circuit Court for Greene County, Tennessee, at Greeneville. Suit against opioid manufacturers, distributors and retailers for economic damages sustained as a result of treating patients for opioid-related conditions (Campbell County HMA, LLC, Clarksville Health System, GP, Cleveland Tennessee Hospital Company, LLC, Cocke County HMA, LLC, Jefferson County HMA, LLC, Lexington Hospital Corporation, Metro Knoxville HMA, LLC, Shelbyville Hospital Company, LLC, Tullahoma HMA, LLC).

The DCH Health Care Authority, et al v Purdue Pharma, LP, et al: Circuit Court of Conecuh County, Alabama. Suit against opioid manufacturers, distributors and retailers for economic damages sustained as a result of treating patients for opioid-related conditions (Crestwood Healthcare LP, Triad of Alabama, LLC, QHG of Enterprise, Inc., Affinity Hospital, LLC, Gadsden Regional Medical Center, LLC, Foley Hospital Corporation).

Singing River Health System, et al v Richard Sackler, et al: Chancery Court of Jackson County, Mississippi. Suit against opioid manufacturers, distributors and retailers for economic damages sustained as a result of treating patients for opioid-related conditions (Clarksdale HMA, LLC, Jackson HMA, LLC, Madison HMA, LLC, Brandon HMA, LLC, Wesley Health System, LLC, Natchez Hospital Company, LLC, River Oaks Hospital, LLC, Vicksburg Healthcare, LLC, ROH, LLC).


Dallas County Hospital District, et al v Purdue Pharma, LP, et al: District Court of Dallas County, Texas. Suit against opioid manufacturers, distributors and retailers for economic damages sustained as a result of treating patients for opioid-related conditions (ARMC, LP, Granbury Hospital Corporation, Navarro Hospital, LP, Brownwood Hospital, LP, Victoria of Texas, LP, Laredo Texas Hospital Company, LP, San Angelo Hospital, LP, Cedar Park Health System, LP, NHCI of Hillsboro, Inc., Longview Medical Center, LP, Piney Woods Healthcare System, LP).

Florida Health Sciences Center, Inc., et al v Richard Sackler, et al: Circuit Court of the Seventeenth Judicial Circuit for Broward County, Florida. Suit against opioid manufacturers, distributors and retailers for economic damages sustained as a result of treating patients for opioid-related conditions (Bayfront HMA Medical Center, LLC, Citrus HMA, LLC, Crestview Hospital Corporation, Haines City HMA, LLC, Hernando HMA, LLC, HMA Santa Rosa Medical Center, LLC, Key West HMA, LLC, Lake Shore HMA, LLC, Lake Wales Hospital Corporation, Live Oak HMA, LLC, Naples HMA, LLC, Port Charlotte HMA, LLC, Punta Gorda HMA, LLC, Starke HMA, LLC, Venice HMA, LLC).

Fayetteville Arkansas Hospital Company, LLC, et al v Amneal Pharmaceuticals, LLC, et al: Circuit Court of Washington County, Arkansas. Suit against opioid manufacturers, distributors and retailers for economic damages sustained as a result of treating patients for opioid-related conditions (Fayetteville Arkansas Hospital Company, LLC, Northwest Arkansas Hospitals, LLC, Siloam Springs Arkansas Hospital Company, LLC).

Lester E. Cox Medical Centers d/b/a Cox Medical Centers, et al v Amneal Pharmaceuticals, LLC, et al: Circuit Court of Greene County, Missouri. Suit against opioid manufacturers, distributors and retailers for economic damages sustained as a result of treating patients for opioid-related conditions (Kennett HMA, LLC, Kirksville Missouri Hospital Company, LLC, Moberly Hospital Company, LLC, Poplar Bluff Regional Medical Center, LLC).

In re: Purdue Pharma, L.P.: U.S. Bankruptcy Court for the Southern District of New York. Unsecured claims for opioid related issues on behalf of Company hospital entity affiliates.

 

V11-2


Exhibit A to the

Collateral Agreement

SUPPLEMENT NO. [•] (this “Supplement”) dated as of [•], 20[•] to the Amended and Restated Junior-Priority Collateral Agreement dated as of February 2, 2021 (the “Collateral Agreement”), among CHS/COMMUNITY HEALTH SYSTEMS, INC., a Delaware corporation (the “Company”), COMMUNITY HEALTH SYSTEMS, INC., a Delaware corporation (“Parent”), each Subsidiary from time to time party thereto (each such Subsidiary individually a “Subsidiary Guarantor” and collectively, the “Subsidiary Guarantors”; the Subsidiary Guarantors, the Company and Parent are referred to collectively herein as the “Grantors”) and REGIONS BANK (together with its affiliates “Regions Bank”), as collateral agent (in such capacity, the “Junior-Priority Collateral Agent”) for the Secured Parties (as defined therein).

A. Reference is made to (a) that certain indenture, dated as of June 22, 2018, governing the Company’s Junior-Priority Senior Secured Notes due 2023 (such notes, the “2023 Notes”) (as amended, restated, supplemented or otherwise modified from time to time, the “2023 Notes Indenture”), among the Company, each guarantor party thereto and Regions Bank, an Alabama banking corporation, as trustee and the Junior-Priority Collateral Agent and (b) that certain indenture, dated as of June 22, 2018, governing the Company’s 8.125% Junior-Priority Senior Secured Notes due 2024 (such notes, the “2024 Notes” and, together with the 2023 Notes, the “Notes”) (as amended, restated, supplemented or otherwise modified from time to time, the “2024 Notes Indenture” and, together with the 2023 Notes Indenture, the “Indentures”), among the Company, each guarantor party thereto and Regions Bank, an Alabama banking corporation, as trustee and the Junior-Priority Collateral Agent.

B. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the 2023 Notes Indenture or the Collateral Agreement referred to therein, as applicable.

C. The Grantors have entered into the Collateral Agreement in order to induce the Secured Parties to make certain extensions of credit. Section 6.16 of the Collateral Agreement provides that additional Subsidiaries may become Grantors under the Collateral Agreement by execution and delivery of an instrument in the form of this Supplement. The undersigned Subsidiary (the “New Subsidiary”) is executing this Supplement to become a Grantor under the Collateral Agreement.

Accordingly, the Junior-Priority Collateral Agent and the New Subsidiary agree as follows:

SECTION 1. In accordance with Section 6.16 of the Collateral Agreement, the New Subsidiary by its signature below becomes a Grantor under the Collateral Agreement with the same force and effect as if originally named therein as a Grantor and the New Subsidiary hereby (a) agrees to all the terms and provisions of the Collateral Agreement applicable to it as a Grantor thereunder and (b) represents and warrants that the representations and warranties made by it as a Grantor thereunder are true and correct in all material respects on and as of the date


hereof. In furtherance of the foregoing, the New Subsidiary, as security for the payment and performance in full of the Junior-Priority Obligations (as defined in the Collateral Agreement), does hereby create and grant to the Junior-Priority Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, their successors and assigns, a security interest in and lien on all of the New Subsidiary’s right, title and interest in and to the Collateral (as defined in the Collateral Agreement) of the New Subsidiary. Each reference to a “Grantor” or a “Subsidiary Guarantor” in the Collateral Agreement shall be deemed to include the New Subsidiary. The Collateral Agreement is hereby incorporated herein by reference.

SECTION 2. The New Subsidiary represents and warrants to the Junior-Priority Collateral Agent and the other Secured Parties that this Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms.

SECTION 3. This Supplement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Supplement shall become effective when the Junior-Priority Collateral Agent shall have received counterparts of this Supplement that, when taken together, bear the signatures of the New Subsidiary and the Junior-Priority Collateral Agent. Any signature to this Supplement may be delivered by facsimile, electronic mail (including .pdf) or any electronic signature complying with the U.S. Federal ESIGN Act of 2000 or the New York Electronic Signature and Records Act or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes to the fullest extent permitted by applicable law. For the avoidance of doubt, the foregoing also applies to any amendment hereto. Each of the parties represents and warrants to the other parties that it has the corporate capacity and authority to execute this Supplement through electronic means and there are no restrictions for doing so in that party’s constitutive documents.

SECTION 4. The New Subsidiary hereby represents and warrants that as of the date hereof (a) set forth on Schedule I attached hereto is a true and correct schedule of (i) any and all Capital Stock and Pledged Debt Securities now owned by the New Subsidiary and required to be pledged under the Collateral Agreement and (ii) any and all Intellectual Property now owned by the New Subsidiary and that would have been required to be listed on Schedule V to the Collateral Agreement on the Restatement Effective Date and (b) set forth under its signature hereto, is the true and correct legal name of the New Subsidiary and its jurisdiction of organization.

SECTION 5. Except as expressly supplemented hereby, the Collateral Agreement shall remain in full force and effect.

SECTION 6. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

A-2


SECTION 7. In case any one or more of the provisions contained in this Supplement should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and in the Collateral Agreement shall not in any way be affected or impaired thereby (it being understood that the invalidity of a particular provision in a particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions.

SECTION 8. All communications and notices hereunder shall (except as otherwise expressly permitted herein) be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail, sent by telecopy or electronically mailed, as follows:

(a) if to the Junior-Priority Collateral Agent, the 2023 Notes Authorized Representative or the 2024 Notes Authorized Representative, to it as provided in Section 6.01 of the Collateral Agreement;

(b) if to an Additional Authorized Representative, to it at the address set forth in the applicable Officer’s certificate delivered in accordance with Section 6.09(c); or

(c) if to the Company, Parent or any Subsidiary Guarantor (including, for the avoidance of doubt, the New Subsidiary), to it as provided in Section 6.01 of the Collateral Agreement.

Any party hereto may change its address or telecopy number for communications and notices hereunder by notice to the other parties hereto. All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt (if a Business Day) and on the next Business Day thereafter (in all other cases) if delivered by hand or overnight courier service or sent by telecopy or electronically mailed or on the date five Business Days after dispatch by certified or registered mail if mailed, in each case delivered, sent or mailed (properly addressed) to such party as provided in this Section 6.01 or in accordance with the latest unrevoked direction from such party given in accordance with this Section 6.01.

SECTION 9. The New Subsidiary agrees to reimburse the Junior-Priority Collateral Agent for its reasonable out-of-pocket expenses in connection with this Supplement, including the reasonable fees, other charges and disbursements of one counsel for the Junior-Priority Collateral Agent in each relevant jurisdiction.

 

A-3


IN WITNESS WHEREOF, the New Subsidiary and the Junior-Priority Collateral Agent have duly executed this Supplement to the Collateral Agreement as of the day and year first above written.

 

[NAME OF NEW SUBSIDIARY],
    by  
 
 

 

Name:

  Title:
  Address:
  Legal Name:
  Jurisdiction of Formation:

 

REGIONS BANK, as Junior-Priority

Collateral Agent,

    by  
 
 

 

Name:

  Title:

 

    by  
 
 

 

Name:

  Title:

[Signature Page to Junior-Priority Collateral Agreement]

 

A-4


Collateral of the New Subsidiary

CAPITAL STOCK

 

Company

  

Number of

Certificate

  

Registered

Owner

  

Number and

Class of

Capital
Stock

  

Percentage

of Capital
Stock

PLEDGED DEBT SECURITIES

 

Company

  

Principal

Amount

  

Date of Note

  

Maturity Date


INTELLECTUAL PROPERTY

[Follow format of Schedule III to the

Collateral Agreement.]