Common use of CONSTRUCTION FUNDS Clause in Contracts

CONSTRUCTION FUNDS. 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 Healthcare Facility.

Appears in 23 contracts

Sources: Healthcare Regulatory Agreement, Healthcare Regulatory Agreement, Healthcare Regulatory Agreement (Summit Healthcare REIT, Inc)

CONSTRUCTION FUNDS. Borrower shall keep construction funds of the Project, if any, Project separate and apart from operating funds of the Project, including without limitation any funds necessary to operate the Healthcare Facility.

Appears in 6 contracts

Sources: Healthcare Regulatory Agreement, Healthcare Regulatory Agreement, Healthcare Regulatory Agreement

CONSTRUCTION FUNDS. 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 Healthcare Facility. [DELETE IF NOT APPLICABLE.]

Appears in 3 contracts

Sources: Supplemental Healthcare Regulatory Agreement, Supplemental Healthcare Regulatory Agreement, Supplemental Healthcare Regulatory Agreement

CONSTRUCTION FUNDS. Borrower shall keep construction funds of the 214 Project, if any, separate and apart from operating funds of the Project, including without 215 limitation any funds necessary to operate the Healthcare Facility.

Appears in 1 contract

Sources: Supplemental Healthcare Regulatory Agreement