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

Samples: Healthcare Regulatory Agreement, Regulatory Agreement (Summit Healthcare REIT, Inc), omb.report

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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 5 contracts

Samples: Healthcare Regulatory Agreement, Healthcare Regulatory Agreement, Healthcare Regulatory Agreement

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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 2 contracts

Samples: Regulatory Agreement, Regulatory Agreement

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