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2� 1 ��438 any Borrawer-�perator Agreement to HUI3 �r Lenc�er, �perator shal�thereafter ma.�e a�1 future payments unc�er any Barrawer-�perator Agreement to HUD �r Lender as so c�irected. 11. TRANSFERS. The prior written approva� of HLTD shal� b�rec�uired fn� �a} any assignment�f a Barrower-�pe�ator Agreement; (b} any c�an�e in or tra�sf�r af t�i� management agent of the Praject or t�i� Healthcare Faci�ity or (c� any change in the awnership or c�ntra� af ��er�tor w�ich requires HUI] appr�val under Pr�gram �bligat�ons. 12. B�RR��VER-�PERAT�R A�REEMENT TERMINATI�N ANDI�R AMEl�DMENT. This Sect�an 12 sha�I n�t a�p�y �f Borr�vver is �perator. �a} W�th�ut the pri�r written approva� �f HLJD, a B�rrower-�peratar Agreement sha�i not be assigned or term�nated prior to the expiration date thereof. In the e�ent of any assignment of a Borr�wer-�perator Agreement, as a condition t� such ass�gnment, the new �perator must execute a Healthcare Regulatory Agre�ment—�perator �Farm HUD-92466A- �R�F}, as approved by HUI], an �perator S�curity Agreement (Forrn-HUD-92323-�R�F} and depos�t account cantro� agre�ments in f�rm and substanc� satxsfactory to Lender and HUD. (b� With�ut the pri�r written appraval of HUD, a Borrower-�perator Agreement sha�l not be amended so as to �i� materxally increase any management f�es or�ther payments pa�d by Borr�wer thereund�r, �ii� materially increase the oh�xgations of Borrower or the rights �f �perator, �iii� materially decrease the rights �f BorroWer or the ohligati�r�s of�perator, or�iv� alter any provision of any Borrower-�perator Agreement that HUI3 requir�d to be includ�d therein. Pr�or writt�n n�tice of and subsequent executed cop�es of a�l amendments to any B�rrower-�peratar Agreement sha11 be pr�mpt�y provided to HUD and the Lender. 13. MANA�EMENT AGREEMENTS. No prop�rty management agre�ment relating t� the Healthcare Facility or any porti�n of the Proj ect �"Mana�ement Agreem�nt"} sha��be executed unless such Management Agr�ement is approved by HUD. Any management agent must be approv�d by HUD and must execute and de�iv�r a Manag�ment Agent �ertificat�or�—Res�dentia� �are Facilities (forrn HUD-9839-�R�F, �r successor form} �n such form as approved hy HUD. Any Management Agreement shall contain the fal�owing provisions: �1} the Manag�ment Agreement shal�terminate without penalty upon fai�ure to comp�y w�th the provis�ans of the Management Agent �ert�fication to HUD, or for ather gaod cause, includ�ng wrthout lim�tation for vio�ations of the Borrower's Regulatory Agreement, �perator's Regu�atory Agreement, andl�r Master Tenant's Regulatory Agreement, if any, thirty (3�} days after HUI] has rnailed the �perator a written notiGe of its desire to terminate the Management Agreement; (2} in the event that HUD determine s that any o f the Permits and Approvai s reasanably necessary to operate the H�althcare Facility is at substantia� and imminent risk of be�ng terminated, susp�nded or otherWise restricted, if such term�nation, suspension�r�ther restr�ction would ha�e a materia�ly adverse effect an the Project, the Management Agreement sha1�terminat� immediately Without pena�ty upon HLTI]'s issuance of a natice of terminatian to �perat�r and Agent; and �3} the Management Agreement may nat be assigned�vithout the�rior written appr�val �f HUD. Upon request for termination, �perator shall immediately arrange ta terminate any such Management Agreement and sha�l make arrangements satisfact�r�t� HUD for the continuing proper management of the Hea�thcare Facility and the Proj ect. Any mat�rial Pre�ious versions obsolete Page'I 4 form HLJD-924SSA��RCF�Re�. ��12D'i 4} Replaces HLJ D-9�4�5-N H L