201406137 - Laserfiche WebLink

Browse

��14��137 insured by an agency of the federal government, provided that an account held in an institution rated by the G�vernment National Mortgage Associati�n may hav� a ba�ance that exceeds the amaunt to which such insurance is limited. Funds generated by the operati�n af the Healthcare Facility may �e transferred ta one or more central disbursement or other accounts in whiCh such funds are commingled with other funds, provided that a carnplete and a��urate acc�unting of such funds �including depasits and disbursements� is maintain�d at all t�mes. �c} Master Tenant sha11 submit, or cause to be subm�tted, to HUI] and L�nder, � �n a quarterly and year-tn-date basis (�r more frequentiy if specified by HLJD}, prepared and certif ed by an authorized representat��e or agent af Master Tenant, su�h financial reports relating to the Healthcare Faci�ity �in�luding, but not Iimited ta, financial statements, accounts receivable, aging repor�s and occupancy reports� in the formats and at su�h times as may be required by HUD, including without limitation any consolidated statements if required by HUI]. Such reports must be submitted na later than thirty �3�} days after the period covered by the reports, except far rep�rts relating to the �nal quarter of each year, which shall be submitted no later than sixty �5�} days after end of the fiscal year. Such reports are � subj ect to the sanctions contained �n 18 U.S.C. Sect�nns 1��1, 1�1�, and 1�12. �d} If Master Tenan.t �or any direct or indirect parent �f Master Tenant} is required ta provide an audited financial statement to any lender, Master Tenant shal� simultaneausiy provide copies of su�h audited financial statements to HUD and Lender. If HLJI] has reason to be�ieve that any certif ed statements subm�tted on beh�lf of the Master Tenant may be unreliab�e (for e�amp�e, indicate a likely prohibited use of project funds}, or are n�t presented in a ma.nner that is consistent with Program �bligati�ns, HUD may, an a case--by-case basis require financial � statements from the Master Tenant which have been certified by a.n independent public acc�untant, at the Master Tenax�t's expense, and su�h certified financial statement must be deli�er�d to HUI] within ninety t9�� days after HUD reque sts su�h items from Master Tenant. (e} If a quarterlylyear-to-date financial statement relating to the HealthCare Facility d�monstrates negative Hea�thcare Facility Worl�ing Capital as defined by HUI], or if such required statement is not timely subm�tte�, then until a current quarterlylyear-to-date financial statement demonstrates positi�e Healthcare Facility �]L��rking �apital, or until atherwise authorized by HLJD, funds der�ved from �r in Cannection w�th the nperation�f that facility may not be d�stributed for any purp�se other than making payments due pursuant to the Borrower-�perator Agreement andlor Master Lease, making payments required to be made under the Loan Documents, making pa�ments pursuant to any accounts receivable Prsvious versions obsol�te Page'I'I vf'14 form HUD-92337-�RCF �Re�.�31�3}