COMMUNITY FEES Sample Clauses

COMMUNITY FEES. To the extent Tenant or the property manager charge or collect any “Community Fee”, “Entrance Fee” or similar fee from residents which is obligated to be repaid, in whole or in part, Tenant agrees that it is solely responsible for such repayment and hereby agrees to indemnify, save, pay, insure and hold Landlord and its Affiliated Parties harmless from and against and reimburse Landlord for any and all loss, damage, cost, liability, fee and expense (including, without limitation, reasonable attorney’s fees based upon service rendered at hourly rates) incurred by or asserted against Landlord which is occasioned by or results, directly or indirectly, from such Community Fees, Entrance Fees or other fees charged by Tenant or the Property Manger. Further, upon an Event of Default under or termination of this Lease, Tenant agrees to assign to Landlord any assets securing or backing the repayment obligation. This provision shall expressly survive termination of the Lease.

COMMUNITY FEES. To the extent Tenant or the property manager charge or collect any “Community Fee”, “Entrance Fee” or similar fee from residents which is obligated to be repaid, in whole or in part, Tenant agrees that it is solely responsible for such repayment and hereby agrees to indemnify, save, pay, insure and hold Landlord and its Affiliated Parties harmless from and against and reimburse Landlord for any and all loss, damage, cost, liability, fee and expense (including, without limitation, reasonable attorney’s fees based upon service rendered at hourly rates) incurred by or asserted against Landlord which is occasioned by or results, directly or indirectly, from such Community Fees, Entrance Fees or other fees charged by Tenant or the Property Manager. Further, upon an Event of Default under or termination of this Lease, Tenant agrees to assign to Landlord any assets securing or backing the repayment obligation. This provision shall expressly survive termination of the Lease. (a) In addition to, and not in limitation of, the foregoing provisions, Landlord and Tenant acknowledge that Tenant is or may be a party to one or more Community Fee Senior Living Townhome Agreements with residents of Facility villas (each, a “Community Fee Agreement”), pursuant to which Tenant makes available to certain residents the option to pay Tenant the sum of One Hundred Thousand and No/100 Dollars ($100,000.00) (the “Rental Buydown Deposit”) in exchange for reduced monthly rent under the resident’s occupancy agreement or lease (“Rental Buydown Program”). As of the Effective Date, no units of the Facility participate in the Rental Buydown Program. Tenant shall not permit and shall cause the property manager not to permit more than six units in the Facility to participate in the Rental Buydown Program at any one time. $75,000.00 of each Rental Buydown Deposit is reimbursable to the applicable resident when such resident vacates the Facility (“Reimbursable Deposit”). All Reimbursable Deposits, whether now or in the future existing, shall be deposited in Great Western Bank or other financial institution approved by Landlord and in writing (“Certificate of Deposit Issuer”) in the form of automatically renewing certificates of deposit issued in favor of Tenant or, if requested by Landlord or Mortgagee, Landlord (each, a “Certificate of Deposit”). If requested by Landlord or Mortgagee, the original Certificates of Deposit shall be deposited with and held by such requesting party. (b) Tenant h...

COMMUNITY FEES. A non-refundable except as hereinafter setforth, Community Fee of $_ shall be due and payable upon approval of each Applicant but in no event payable prior to occupancy. The fee shall be non- refundable. The Masonic Home of Florida reserves the right to revise the Community Fee Structure as dictated by current policy If the Applicant dies prior to admission, or through illness, injury or incapacity, is precluded from becoming a resident under the terms of this Contract, this Contract shall be automatically canceled, and the Applicant or the Applicant’s legal representative shall receive a full refund of all monies paid to the Masonic Home, except those costs specifically incurred by the Masonic Home at the request of the Applicant and set forth in writing in a separate addendum, signed by both parties to this Contract.