GUARANTEED RENTAL ASSISTANCE AMOUNT AND BASE NUMBER OF ASSISTED HOUSEHOLDS Sample Clauses

GUARANTEED RENTAL ASSISTANCE AMOUNT AND BASE NUMBER OF ASSISTED HOUSEHOLDS. As stipulated in Section 9 (d), on an annual basis, the Housing Provider will submit financial statements and a reconciliation of Rental Assistance within four (4) months following the end of the Housing Provider’s fiscal year. After the first annual review by CMHC or its representative of the Housing Provider’s financial statements and reconciliation of funding received under this Agreement, the Guaranteed Rental Assistance Amount and the Base Number of Assisted Households will be determined by CMHC. The Guaranteed Rental Assistance Amount will be determined using a similar calculation approach as the Initial Amount of Rental Assistance, as outlined in Part II (B) of this Schedule “B”. The Base Number of Assisted Households cannot be greater than the Initial Number of Assisted Households. To obtain confirmation of the Guaranteed Rental Assistance Amount and Base Number of Assisted Households, the Housing Provider will submit to CMHC or its representative the most recent calculation worksheet for each Assisted Household as outlined in section 9 (e). Based on this information, the Base Number of Assisted Households and the Guaranteed Rental Assistance Amount will be confirmed by CMHC and will be fixed for the Term of the Agreement, except as provided in Schedule “B” Part II (D) and Part II (E) below.
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