Common use of Operating Deficit Clause in Contracts

Operating Deficit. The Provider is solely responsible for covering any Manageable Cost increases in any Fiscal Year. In the event that there are unanticipated increases in Non- Manageable Costs, BC Housing may cover such costs through: a. a mid-year budget adjustment that increases the subsidy; or b. an extraordinary expense payment.

Appears in 4 contracts

Sources: Supportive Housing Fund Operator Agreement, Expansion Operator Agreement, Operator and Support Services Agreement