Common use of Operating Deficit Clause in Contracts

Operating Deficit. The Provider is solely responsible for covering any Manageable Cost increases in any Fiscal Year. In the event that there are unanticipated increases in Non- Manageable Costs, BC Housing may cover such costs through:

Operating Deficit. The Provider is solely responsible for covering any Manageable Cost increases in any Fiscal Year. In the event that there are is an operating deficit as a result of unanticipated changes in rent revenue or increases in Non- Non-Manageable CostsCosts that exceeds the Operating Reserve, BC Housing may cover such costs the balance through:

Operating Deficit. The Provider is solely responsible for covering any Manageable Cost increases in any Fiscal Year. BC Housing is responsible for Non-Manageable Cost increases and will address such increases during the annual budget approval process outlined in Schedule B, Part A, Clause 1. In the event that there are unanticipated mid- year increases in Non- Non-Manageable Costs, such costs will be covered by BC Housing may cover such costs throughin one of the following ways: