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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Mr.Manners who wrote (9315)	9/10/1999 2:34:00 PM
From: SSP	Read Replies (1) \| Respond to of 150070

Some interesting DEADlines-LOUISVILLE, Ky.--(BUSINESS WIRE)--Sept. 7, 1999--Ventas, Inc. (NYSE:VTR) (the "Company") announced today that the Company and Vencor, Inc. (OTC:VCRI) ("Vencor"), its principal tenant, have agreed to amend the standstill agreement which the parties entered into on April 12, 1999. In order to continue discussions among the parties regarding a global restructuring, the amended standstill agreement will extend for three business days, until 5:00 p.m. on September 9, 1999, the obligations of each of the Company and Vencor to refrain from pursuing any claims against the other or any third party relating to the April 1998 reorganization or the Company's agreement not to exercise its remedies under its lease agreements with Vencor, other than its delivery of notice of non-payment of September rent. The standstill period will terminate on the earlier to occur of September 9, 1999 or any date that a voluntary or involuntary bankruptcy case is commenced by or against Vencor. The Company will be entitled to exercise its remedies under its lease agreements with Vencor with respect to the late payment of August rent, unless Vencor or its bank lenders pay the full amount of unpaid August rent by 5:00 P.M. on September 14, 1999. The Company and Vencor also agreed to renew an agreement between the parties that any statutes of limitations or other time constraints in a bankruptcy proceeding that might be asserted by one party against the other would be extended or tolled from April 12, 1999, until September 9, 1999. The Company is a real estate company whose properties include 219 nursing centers, 45 hospitals, and eight personal care facilities operated in 36 states.