Common use of Adjustments to the Entrance Fee Amortization Schedule Clause in Contracts

Adjustments to the Entrance Fee Amortization Schedule. The adjustment to the Entrance Fee amortization schedule shall be calculated as follows: (a) if the duration of time the Resident has resided at Messiah Village is greater than the amortization period of the Residency Agreement, there shall be no adjustment in the Entrance Fee amortization schedule; (b) if the duration of time the Resident has resided at Messiah Village is less than the amortization period of the Residency Agreement, the adjusted unamortized balance shall be the “Adjusted Entrance Fee For A Transfer to a Residence With A Higher Entrance Fee” times the percentage of the unamortized Entrance Fee of the initial Residence as of the date of transfer (the “Adjusted Unamortized Balance for a Transfer to a Residence with a Higher Entrance Fee as of the Date of Transfer”) and the monthly amortization amount shall be the result of: (i) the Adjusted Unamortized Balance for a transfer to a Residence with a Lower Entrance Fee as of the Date of Transfer less (ii) the adjusted guaranteed refund amount calculated in (ii) above; collectively divided by (iii) the number of months remaining in the amortization period based on the initial date of occupancy at Messiah Village.

Adjustments to the Entrance Fee Amortization Schedule. The adjustment Adjustments to the Entrance Fee amortization schedule shall be calculated as follows: (a) if the duration of time the Resident has resided at Messiah Village is greater than the amortization period of the Residency Agreement, there shall be no adjustment in the Entrance Fee amortization schedule; (b) if the duration of time the Resident has resided at Messiah Village is less than the amortization period of the Residency Agreement, the adjusted unamortized balance shall be the “Adjusted Entrance Fee For A Transfer to a Residence With A Higher Lower Entrance Fee” times the percentage of the unamortized Entrance Fee of the initial Residence as of the date of transfer (the “Adjusted Unamortized Balance for a Transfer to a Residence with a Higher Lower Entrance Fee as of the Date of Transfer”) and the ). The monthly amortization amount shall be the result of: (i) the Adjusted Unamortized Balance for a transfer to a Residence with a Lower Entrance Fee as of the Date of Transfer less (ii) the adjusted guaranteed refund amount calculated in (ii) above; collectively divided by (iii) the number of months remaining in the amortization period based on the initial date of occupancy at Messiah Village.