On October 14, 2020 Diversicare Healthcare Services, Inc. and subsidiaries executed an Amended and Restated Credit Agreement (Credit Agreement") with a syndicate of financial institutions and banks, including CIBC Bank USA, the administering agent, which modifies the terms of the Amended and Restated Term Loan and Security Agreement, the Amended and Restated Revolving Loan and Security Agreement and the affiliated revolver. The Company's Credit Agreement has a borrowing capacity of $100.0 million allocated among a $62.0 million Mortgage Loan ("Amended Mortgage Loan"), a $36.0 million Revolver ("Amended Revolver") and a $2.0 million affiliated revolver (Amended Affiliated Revolver"). Under the terms of the amended agreements, the syndicate of banks provided the Amended Mortgage Loan, the Amended Revolver and the Amended Affiliate Revolver through September 30, 2023. The Amended Mortgage Loan has a term of three years, with principal and interest payable monthly based on a 25-year amortization. Interest is based on LIBOR plus 4.0%. The Amended Mortgage Loan is secured by the Company's 15 owned nursing centers and related equipment. The Amended Revolver is secured by the accounts receivable on all facilities, both leased and owned, except for the accounts receivable of the four facilities that are the subject of the Amended Affiliated Revolver. The Amended Affiliated Revolver is secured by accounts receivable at the four facilities subject to that loan. The Amended Revolver, the Amended Mortgage Loan and the Amended Affiliated Revolver are cross defaulted. The Amended Revolver and the Amended Mortgage Loan are cross collateralized. Pursuant to the Credit Agreement, the Company's Fixed Charge Coverage Ratio should not be less than 1.05 to 1.00 for the Fiscal Quarter (i) ending September 30, 2020, measured on the last day of such Fiscal Quarter on atrailing nine month basis, and (ii) ending December 31, 2020 and for each Fiscal Quarter thereafter, each measured on the last day of the applicable Fiscal Quarter on a trailing twelve month basis.