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SECTION COMPLIANCE CRITERIA ACTION/STATUS <br /> Excess Liability $1,OOQOOO annual aggregate <br /> Comprehensive <br /> Motor Vehicle $500,000 per occurrence <br /> Boiler $500,000 per occurrence <br /> Fidelity Bonds Employees with access to revenues; <br /> Indus., standazd <br /> 4. Sale of Assets In Compliance. <br /> Sale of assets requires issuance of a .report stating that such sale will <br /> not affect the Hospital's ability to fulfill the rate covenant. <br /> 5. Reserve Requirements --Debt Services Reserve Fund In Compliance. <br /> (a) Series One & Two: Maintenance in debt service reserve fund in the <br /> amount equal to the lesser of: (i) 10% of the original face amount <br /> of all bonds issued under the indenture or (ii) the maximum annual I <br /> debt service on all bonds outstanding. <br /> (b) 1989 refunding issue: Reduction in the amount on deposits <br /> provided tha( such withdrawals did not adversely affect any; ' ° <br /> Hospital bond ratings or the tax-exempt status of bond income to' <br /> the bondholders, and the liquidity tests aze met as follows: (i) <br /> unrestricted case and investments ?175% of maximum annual <br /> debt service on the bonds; (ii) rate covenant must be maintained at <br /> 1.48 <br /> 6. Maintenance of Facilities In Compliance. <br /> Facilities must be maintained in good repair and operating condition <br /> for their intended use. <br /> 7. Financial Records and Reports In Compliance. <br /> Hospital shall maintain records in a manner as to segregate Hospital <br /> Receipts from all other funds and to show complete financia] results of <br /> erations; <br />G:UvlemberReports~2007.Lkw.MemberReport,doc <br />Page 10 <br />- ___, . <br />. -, ~... ~ ,~~s ~ _ ~~a .~a4 <br />