Common use of Agreement to Execute Residency Agreement Clause in Contracts

Agreement to Execute Residency Agreement. By signing this Agreement, you confirm your intent to execute the KLPV Residency Agreement within sixty (60) days of KLPV receiving a license to operate a continuing care retirement community from the South Carolina Department of Consumer Affairs (the “Department”). You understand you may not occupy your Residence and are not entitled to any services and benefits of residency, including continuing care services, until you have signed the applicable KLPV Residency Agreement and paid the Entrance Fee in full. If you are unable to execute the KLPV Residency Agreement within the 60 days described above, Provider may terminate this Agreement.

Agreement to Execute Residency Agreement. By signing this Agreement, you confirm your intent to execute the KLPV Residency Agreement within sixty (60) days of KLPV receiving a license to operate a continuing care retirement community from the South Carolina Department of Consumer Affairs (the “Department”). You understand you may not occupy your Residence and are not entitled to any services and benefits of residency, including continuing care services, residency until you have signed the applicable KLPV Residency Agreement and paid the Entrance Fee in full. If you are unable to execute the KLPV Residency Agreement within the 60 days described above, Provider may terminate this Agreement.