<<Provide this section for each parent organization of the operator. This section is not applicable to individuals who are principals unless you are depending on the person or persons for approval of the operator (e.g., newly formed entity). In that instance (individuals), follow the principal of the borrower template and modify it appropriately for an operator. >> Name: State of organization: Date formed: Termination date: Key Questions Yes No Is the parent of the operator rated by S&P or another rating agency? . According to the application exhibits, is or has the parent of the operator been delinquent on any federal debt? According to the application exhibits, is or has the parent of the operator been a defendant in any suit or legal action? According to the application exhibits, has the parent of the operator ever filed for bankruptcy or made compromised settlements with creditors? According to the application exhibits, are there judgments recorded against the parent of the operator? According to the application exhibits, are there any unsatisfied tax liens? Does the parent of the operator have other HUD properties which are master leased separately from the subject project? <<For each answer above, provide a narrative discussion on the topic describing the risk “yes” and how it will be mitigated. Example: S&P Rating: The entity is rated X by S&P. The rating agency indicates the outlook for the company is X.>> Organization <<Provide organization chart and narrative, as applicable.>> Experience/Qualifications <<Provide narrative description of experience and qualifications. Discussion should highlight direct experience and involvement in other HUD transactions. This section should clearly demonstrate the expertise to successfully operate the facility. >>
<<Provide this section for each parent organization of the operator. This section is not applicable to individuals who are principals unless you are depending on the person or persons for approval of the operator (e.g., newly formed entity). In that instance (individuals), follow the principal of the borrower template and modify it appropriately for an operator. >> Name: State of organization: Date formed: Termination date: Key Questions Yes No Is the parent of the operator rated by S&P or another rating agency? . According to the application exhibits, is or has the parent of the operator been delinquent on any federal debt? According to the application exhibits, is or has the parent of the operator been a defendant in any suit or legal action? According to the application exhibits, has the parent of the operator ever filed for bankruptcy or made compromised settlements with creditors? According to the application exhibits, are there judgments recorded against the parent of the operator? According to the application exhibits, are there any unsatisfied tax liens? Does the parent of the operator have other HUD properties which are master leased separately from the subject project? <<For each “yes” answer above, provide a narrative discussion on the topic describing the risk and how it will be mitigated. Example: S&P Rating: The entity is rated X by S&P. The rating agency indicates the outlook for the company is X.>> Organization <<Provide organization chart and narrative, as applicable.>> Experience/Qualifications <<Provide narrative description of experience and qualifications. Discussion should highlight direct experience and involvement in other HUD transactions. This section should clearly demonstrate the expertise to successfully operate the facility. >>
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