Operating Capital. Owner shall provide Manager with such amount of working capital as may be required from time to time for the operation of the Facility on a sound financial basis (including the payment of management fees and reimbursable expenses owed to Manager). If additional working capital is required, Manager shall notify Owner thereof in writing and Owner shall provide Manager with such increase in working capital within fifteen (15) days thereafter. If Owner fails to provide such additional working capital, Manager may, but is not obligated to, provide the same as a loan to Owner in accordance with Section 3.16.
Appears in 3 contracts
Sources: Master Management Agreement (Integrated Health Services Inc), Master Management Agreement (Integrated Health Services Inc), Master Management Agreement (Monarch Properties Inc)