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SECTION COMPLIANCE CRITERIA ACTION/STATUS . <br /> maintenance of insurance <br /> BOND COVENANT <br /> I In compliance. <br /> 1. Rate Covenant -Hospital will operate: <br /> Net Income + Depreciation + Interest <br /> Interest + Principal Payments > 1.2 <br /> 2. Additional Hospital Debt <br /> {a) Long-term debt NlA <br /> Hospital may incur debt if rate covenant test is met and will be: " <br /> met in the Future <br /> ~ ShotY-t~rtp Ilospit~l I~bt <br /> I~ftrd~llGH1~ indeTttt~re pC,I1TlltS di"bt iti an ati7{SUIYt 1!p Ca' 1,J~4/b 4,~ <br /> trta~ratips~ rev~rues far ~votl~ calital needs, The aptint is NIA <br />. ..req'tt~ he x$ded ta~5'c al' ~era~ i~sv ° ~~r at leaf 2Q': <br /> days in each fiscal year. <br /> (c) Other Debt vehicles ` <br /> Bond defines permissible debt vehicles, which are subject to rate <br /> covenant <br /> 3. Maintenance of Insurance <br /> ~ospltal ~v3ll maintain insurant~ on e faciiitics and by insurett Insurance coverage equals or exceeds the xuinimum levels <br /> a . ' rislts as axe customarily inssiued 1 tt eonxt~fio~ vvittt ' as stated.. Copy of letter from CCHS-Indemnity Co., Ltd. to <br /> operations.'1'ho Hospital must Carry spec'iC arisuranc~`as folltzws, be obtained <br /> Insurance IV):inimutn Govera~e ! In Compliance. <br /> Property 80% of Hospital Value or Total Debt <br /> General Liability $500,000 per occurrence personal injury <br /> $100,000 per occurrence property damage <br /> Worker's Compensation State of Ohio requirements <br /> Use and Occupancy 24 months of Maximum Debt Service <br /> Professional Liability' $500,000/claim; $1,000,000 annual al~l'~tB <br />G:uVIemberReports~2007.Lkw.MemberReport.doc Page 9 <br />