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• f tters of deliver a Notice he occur snc Termination of an Event respect Of Default undo the the Reimbursement Credit Uponof the Projects, or Agreement, or upon the aal or ether disposition of any orth in the termination or assignment of the management agreement relating to any of the Projects �ithout compliance wsuchith tNotiche ouoi Terminaicements tion mustherefor sba delet f i aced the Raimbursament Agreement. F+nYfor to the Trust%e not less than h14Trustae ofys oanytsuch Noo the tice Ofetorminatiorh Termination. Upon receipt. by the Trustee ,ill thereupon be entitled to draw the entire than remaining Stated Amountof each Lotter of Credit with respect to which such Notice of Termination ii delivered on or before the termination dace act forth in sSch Notice of Tengination. f Company by National fiaalthCorp L.P., and Jamas 0. Guaranty of Obligations o McCarver. Credit, National tadn•As a oPnershipGuarantor", HealthCorpLho Dalawar�limitapartnrhip e and James 0. (deCarver, An ?ndividual resident of the State o(the"Indi d dual owner of 100% of the outstanding capital stock of the Company Guarantor"), 'fill jointly,. severally and unconditionally guaranty payment of the amounts owing by the Company under the Reimbursement Agreement from time to time, payment of certain other amounts owing by the Company from time to time under the provisions of the Mortgages nt to the Guaranty Agr•am ntthe performance of edated other obligations of the Company, all Pursuant as of December 1, 1987 (thy "Guaranty Agreement") by and among the Individual uar, nt r, the Partnership' rt ership'tGuarantor and eing herein rafe redhtolcollectivelyuasnthe and"Guarantors"), Sea "Summary of Certain Provisions of the Guaranty Agreement" herein. I Events of DafJult The following events constitute th.' vnes of Default" under the Reimbursement Agreement unless waived by (a) any representation or warranty made by the Company in the Reimbursement Agreement or in any ce terother financial or tothe Reimbursement Agreement statement furltishad by the Company pursuant lete in any material respect when shall prove �o have been untrue or income made; or. (b) the Company shall fail to pay when duo any amount owed under the Reimbursement Agreement and any such failure shall remain unremedied for ten (10) days after the date on which such payment is due; or (c) the Company shall fail to perform Or observe any other term, in the ent contained respecttto certain or menumerat d failures, such failure shaent llremainunremedieement and, ed for thirty (30) days after written notice thereof shall have been given to the Company by the Hank; or i U-3