SURPLUS CASH. Surplus Cash shall be calculated semi-annually, at the end of the first six months of the Borrower’s annual fiscal year, and at the end of the Borrower’s annual fiscal year. Each Surplus Cash calculation shall be submitted to Lender and HUD with the filing of Borrower’s Annual Financial Reports, unless otherwise required by HUD.
Appears in 13 contracts
Samples: Regulatory Agreement, Regulatory Agreement, Healthcare Regulatory Agreement
SURPLUS CASH. (a) Surplus Cash shall be calculated semi-annually, at the end of the first six months of the Borrower’s annual fiscal year, and at the end of the Borrower’s annual fiscal year. Each Surplus Cash calculation shall be submitted to Lender and HUD with the filing of Borrower’s Annual Financial Reports, unless otherwise required by HUD.
Appears in 10 contracts
Samples: Regulatory Agreement (Summit Healthcare REIT, Inc), omb.report, Healthcare Regulatory Agreement (Summit Healthcare REIT, Inc)
SURPLUS CASH. (a) Surplus Cash shall be calculated semi-annually, at the end of the first six months of the Borrower’s 's annual fiscal year, and at the end of the Borrower’s 's annual fiscal year. Each Surplus Cash calculation shall be submitted to Lender and HUD with the filing of Borrower’s 's Annual Financial Reports, unless otherwise required by HUD.
Appears in 2 contracts
Samples: Healthcare Regulatory Agreement, Healthcare Regulatory Agreement (Summit Healthcare REIT, Inc)
