Common use of CONSTRUCTION FUNDS Clause in Contracts

CONSTRUCTION FUNDS. In the event the Borrower is holding the construction funds, then the Borrower shall keep construction funds of the Project, if any, separate and apart from operating funds of the Project, including without limitation any funds necessary to operate the Hospital. .

Appears in 3 contracts

Samples: Hospital Regulatory Agreement, Regulatory Agreement, Hospital Regulatory Agreement

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CONSTRUCTION FUNDS. In the event the Borrower is holding the construction funds, then the Borrower shall keep construction funds of the Project, if any, separate and apart from operating funds of the Project, including without limitation any funds necessary to operate the Hospital. .

Appears in 2 contracts

Samples: Regulatory Agreement, Hospital Regulatory Agreement

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CONSTRUCTION FUNDS. In the event the Borrower is holding the construction Construction funds, then the Borrower shall keep construction Construction funds of the Project, if any, separate and apart from operating funds of the Project, including without limitation any funds necessary to operate the Hospital. .

Appears in 1 contract

Samples: Hospital Regulatory Agreement

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