Common use of Payment due to Scheme Operator by Resident Clause in Contracts

Payment due to Scheme Operator by Resident. Subject to clauses 4.1 and 19.1, the Resident agrees that the Resident will, on the day on which the Scheme Operator grants a Residence Contract for the right to reside in the Accommodation Unit to a New Resident in accordance with Clause 3.3 pay to the Scheme Operator any of the following amounts, which will be by way of set off against any moneys to be paid by the Scheme Operator to the Resident pursuant to the Loan Agreement: