Proof of Funding Sample Clauses

Proof of Funding. Prior to admission, and as a condition of residency, the Resident or their Representative must be able to demonstrate that they have the capability to fund at least 2 years’ Fees at the current rate from liquid funds i.e. without the need to dispose of property or other assets. This could be evidenced by bank statements, investment statements or confirmation from an accountant or lawyer. The Home will only accept state funded Residents to the Home if the Local Authority funding is, in the Home’s view, at an acceptable level. Interest on Late Payments Any amount not paid to the Home on its due date will bear interest from the due date to the date of actual payment at a rate equal to 4% above the base rate set by the Bank of England. Rights of Residency Whilst we will always endeavour not to move a Resident to a different room than agreed at admission, it may be necessary if, for example, their needs change and another room is more suitable to meet this change in need or some maintenance or decorating works need to be carried out. Residency in the Home does not constitute an assured tenancy under the Housing Act 1988 and does not create or infer any right to security of tenure. The Resident will only ever occupy a room as a licensee. The Home may also relocate a Resident at any time in order to allow it to deliver effective and efficient care services in line with the assessed needs of the Resident. Any such room transfer would only take place after discussion with the Resident, their family or their Representative, where such discussion is practical. If such a move is unacceptable to the Resident, the Resident has the right to terminate this Agreement in line with the normal contractual notice period. The Resident recognises by entering into this agreement that the Home shall have, and needs, full, free and unrestricted access to the room in order to provide the services referred to in this agreement. Insurance / Personal Items The Resident agrees to be responsible for insuring the full replacement value of their personal belongings. This includes (but is not limited to) jewelry, hearing aids, electrical equipment and glasses and the details of any items with a value in excess of £1,000 must be notified to the Home Manager in writing on the resident’s admission to the Home. Whilst the Home seeks to provide a secure environment it shall not in any way be responsible for cash, credit cards, cheques, certificates, bonds, deeds, documents or personal effects of...

Proof of Funding. Upon Contractor’s request, and subject to availability to Owner and the rights of the Owner’s Lenders, Owner will provide to Contractor a copy of the loan commitment and loan common terms agreement between Owner and Owner’s Lenders relating to the provision and disbursement of funds to Owner for its obligations under this Contract (excluding therefrom information deemed proprietary or confidential by Owner or Owner’s Lenders).

Proof of Funding. Prior to admission, and as a condition of residency, the Resident or their Representative must be able to demonstrate that they have the capability to fund at least two (2) years’ Fees at the current rate from liquid funds i.e. without the need to dispose of property or other assets. This could be evidenced by bank statements, investment statements or confirmation from an accountant or lawyer. The Home will only accept state funded Residents to the Home if the Local Authority funding is, in the Home’s view, at an acceptable level. 20 Interest on Late Payments Any amount not paid to Us by its due date will bear interest from the due date to the date of actual payment at a rate equal to 4% above the base rate set by the Bank of England.

Proof of Funding. To Whom It May Concern, This letter certifies that Buyer with an LLC to be named may obtain up to $ 1,000,000 in funding for the purchase of the subject property going towards down payment, closing costs, etc, subject to final underwriting review of appraisal(s), inspection(s) and title reports. Sincerely, iFinance Team LLC Private & Hard Money Lender