Laserfiche WebLink
_m . ~ ss . <br />-~~, ®.. ,at. -- - <br />-~~ <br />- - ..._ ®_ --m <br />- <br /> <br />- - <br /> .._ <br />days in each fiscal yeaz. __ _ _ _ <br />' N/A <br /> (c) Other Debt vehicles <br /> Bond defines permissible debt vehicles, which are subject to rate' <br /> covenant <br /> 3. Maintenance of Insurance <br /> Hospital will maintain insurance on the facilities and be insured `: Insurance coverage equals or exceeds the minimum levels <br /> against risks as are customarily insured against in connecfion with as stated. Copy of letter from CCHS-Indemnity Co., Ltd. to : <br /> operations. The Hospital must carry specific insurance as follows: ' be obtained <br /> Insurance Minimum Coveraee In Compliance.. <br /> Property. 80% of Hospital Value nr 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 aggregate <br /> Excess Liability $7,000,000 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 /> Industry standard <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 <br /> debt service on all bonds erut~ttthd#n ~ , <br />Page 12 <br />