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��14��137 provided that neither the B�rrower-�p�rator Agr�ement nor Master Lease shall be c�nsidered a Loan Document. "Ma�ter Lease" means that �ertain Master Lease, relating t� the leasing af, inter al ia, the Healthcare Facility by Borr�wer to Master Tenant. "Master Tenant S�curity Agreements' means that certain Master Tenant Security Agreement dated as af substantially even date hereWith, relating ta the Proj ect, and made�y Master Tenant ta Lender. � "�p�rator" means Grand Island Bickford ��tta � � co LL� a Kansas limited liabili compan_y, the operator.of the Healthcaxe Facility, pursuant to that certain Sublease A�reement, by and between�perator and Master T�nant. "�perator's Regulatory Agreement" means that certain Healthcare Regulatory Agreement - �perator, re�ating to the Proj ect and entered into by �perator for the benefit af HUD. " "Pro j ect" means any and all assets of what��er nature or wherever situated related to th� Loan knav�m by the FHA pr�j e�t number listed an the first page of this Agreement, inc�uding without limitati�n the Mortgaged Property, the Hea�thcare Fa�ility, any Improvements, and any �ollateral owned by the �peratvr securing the Loan. "Reas�nable �perating Expenses" means expenses that arise from the operation, maintenance and r�ut�n� repair of the Pr�j ect, �ncluding al� payments and deposits required under this Agreernent and any Loan Dacument, ax�d c�mply with the requirements of�4 �FR �32.1��7, or . succ�ssor regu ation. N�W THEREF�RE, in consideration af HUD's c�nsent to the leasing of the aforesaid Healthcare Facility by Borrower ta Master Tenar�t and in arder to comply with the requirements of the National H�using Act and the Regulatians adapted by HUD pursuant thereto, Mast�r Tenant agr��s to the terms of this Agreement for itself, lt5 SUCCe55�r5, heirs a17C�. a.SSl�r15, in connection with the operation of the Healthcare Facility, the Mortgaged Property, and the Pr�j ect operated thereon. 1. SUB�RI]INATI�N. The Master Lease sha�� be subj ect and sub�rdinate ta this Agreement, the Master Tenant Security Agreement, the Borrower's Se�urity Instrument, the Borr�wer's � Regulatory Agreement, and the �perator's Regulatory Agreernent. Master Tenant shall make payrnents under the Master Lease when due, axld such payments shali be sufficient to all�vv Borrower ta pay all Borrower's required Loari payments, including withvut limitation, any payments to reserves for taxes or insurance, payments to replacement reserves, payments to debt service reserves, and to fund any maintenanc� andlor repairs f�r Which the Borrower has r�S�JDri51b111ty. If at the end �f any ca�endar year, or any fiscal year if the Pr�j eGt aperates an the basis of a fiscal year, payments under the Master Lease have not been suffici�nt to pay for the above item.s, the Borrawer and ll�aster Tenant up�n Previous�ersions vbsolete Page 3 of'14 farm HUD-92337-�RCF�Rev.�3113}