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� 2� 1 ��438 "Bus�ness Day"rneans any day other than a Saturday or a Sunday, a federal holiday ar holiday � in the state vvher�the Proj ect is located ar ot�er day on which the federa� go�ernr�ent or the government of th� state where the Proj ect is located is not apen for bus�ness. When nat specifica��y desig�at�d as a Business Day, the term "day" shal� refer to a calendar day. "Healthcare Fac�lity"means that portion af the Proj ect operated on the Land as a Nursir�� Home, �r�termed�ate �are Faci�ity, Board and �are H�me, Assisted Livi�g Fac��ty andlor any other hea�thcare fac�lity authorized to receive �nsured mortgag� financing pursuant to Sectio� 23� �f the Nationa� H�using Act, as amended, ar other ap�li�ab�e fec�era�-law, �nclud�ng any c�mmercia� space included �n the faci�ity. "Healthcare Fa�ility Working �apital"means current assets of the Healthcare Faci�ity minus current�iabi�ities of the Healthcare Facility, pursuant to �`renerally Acc�pted Account�ng Princip�es, as Pr�gram �bligations may further clarify ar define. "�perator Lease" means a lease by BorroWer to �peratar providing for the operation of the Healthcare Facility. "Up�rator's Security Agreement"means that certain �perat�r Security Agre�ment dated as of substant�al�y even date herew�th, relating ta the Proj ect, and made by �perat�r f�r the benef�t of HUD. "Program �b�igation5"means �1} a�i app�icab�e statutes and any regu�ations issu�d by HUD pursuant thereto that apply to the Proje�t, �n��uding alI amex�dm�nts t� such statutes and regulati�ns, as they become effective, except that changes subject t� notice and comment ru�emaking shal� b�come effect�ve on�y upon comp�eti�n�f the rulemaking process, and (�} a�l current requirements in HUD handbooks and guides, n�tices, and mortgagee �etters that app�y to the Project, and al1 future updates, �hanges and amendments thereto, as they hecome effective, except that changes subject t� notice and comment rul�making sha�l becorne effective on�y up�n completior��f the rulemaking process, and provided that such future updates, changes and amendm�nts sha�l be applicable to the Praj ect an�y tfl the e�tent that they interpret, c�arify and implement terms in this Agreement rather than add�r delete pr�visions fr�m such document. Handb�oks, guides, not�ces, and mortgagee letters are avai�ab�e �n HUD's official vvebs�te: �htt :Ilwww.hud. ovloff c�sladmChudcli slindex.cfm �r a successar Iocatxon to that s�te�. "Proj ect"means any and a11 assets �f whatever nature or wherever s�tuated related to the �nsured mor�gage loan known by th� FHA Proj ect Number Iisted on the first pag� of this Agreement, �ncluding without limitation the Mortgaged Property, the Healthcare Facility, the Improvements, and any co�lateral owned b� �perator securing the insured mor�gage 1oan. "Reasonable �perating Expenses" means �xpenses that arise from the operation, maintenance and routine repair of the Proj ect, including all payments and depos�ts required under th�s Agreement and any of the Loan Documents, and that c�mply with the requirem�nts af 24 �.F.R. 232.1��7, �r succ�ssor regulat�on. Pr��ious versions vbsolete Page 3 form HL1D-9�4GSA-�RCF �Rev. 4612D14} Rep�aces H U D-9�456-N H L