Examples of Master Tenant’s Regulatory Agreement in a sentence
Must be recorded separately from Master Tenant’s Regulatory Agreement.
Include Master Tenant in line 5 if there is a master lease Section 8(d): select Borrower or Master Tenant depending on whether there is a master lease Section 10: add Master Tenant’s Regulatory Agreement if there is a master lease Section 12: this section does not apply to owner-operated projects, but it should not be deleted Section 12(b): make appropriate selections based on whether there is a master lease Section 21: include bracketed language as appropriate.
Borrower shall require Master Tenant to comply with the terms of the Master Tenant’s Regulatory Agreement and shall set forth such requirements in any Master Lease.
In addition and without limiting the generality of the foregoing, the Master Tenant will deliver to Secured Party copies of all reports, financial statements and other information which the Master Tenant is obligated to provide to HUD pursuant to the Master Tenant’s Regulatory Agreement or otherwise pursuant to the Loan Documents or Program Obligations concurrent with the delivery of such reports, financial statements and other information to HUD.
In the event that, consistent with the Operator's Regulatory Agreement and/or Master Tenant’s Regulatory Agreement, HUD directs Borrower and/or Master Tenant to terminate any Borrower-Operator Agreement and/or Master Lease and procure a new Operator acceptable to HUD, Borrower shall expeditiously do so consistent with the continued operation of the Healthcare Facility for the Approved Use, and in cooperation with and subject to the requirements of the necessary regulatory and/or funding entities.
The Management Agreement shall terminate without penalty upon failure to comply with the provisions of Management Certification to HUD, or for other good cause, including without limitation for violations of the Borrower’s Regulatory Agreement, Operator’s Regulatory Agreement, and/or Master Tenant’s Regulatory Agreement, if any, thirty (30) days after HUD has mailed to Borrower, or Operator, as applicable, a written notice of its desire to terminate the Management Agreement.
The Master Tenant will cause the Operator to operate the Healthcare Facility in accordance with, and in all other ways comply with, the Operator’s Regulatory Agreement, Master Tenant’s Regulatory Agreement and Program Obligations (as such term is defined in the Loan Documents).
Upon failure to comply with the provisions of Management Certification to210 HUD, or for other good cause, including without limitation for violations of211 the Borrower’s Regulatory Agreement, Operator’s Regulatory Agreement,212 a nd/or Master Tenant’s Regulatory Agreement, if any, thirty (30) days after213 HUD has mailed to Borrower, or Operator, as applicable, a written notice of214 its desire to terminate the Management Agreement.
Any Borrower-Operator Agreement shall be subject and subordinate to the First Mortgage Documents, this Agreement, the Borrower’s Security Instrument, [the Master Tenant’s Regulatory Agreement,] if any, the Operator’s Security Agreement, and the Borrower’s Regulatory Agreement.
Any Borrower-Operator Agreement shall be subject and subordinate to this Agreement, the Borrower’s Security Instrument, [the Master Tenant’s Regulatory Agreement,] the Operator’s Security Agreement, and the Borrower’s Regulatory Agreement.