Refund of Community Fee Sample Clauses

Refund of Community Fee. (a) If Community terminates this Residency Agreement under this Section, the first five hundred dollars ($500) or less of the Community Fee that you paid to Community is non-refundable. The remainder of the Community Fee paid (that is, after deducting $500 (thereinafter referred to as the “balance”)) is refundable to the Resident and any Responsible Party on the following basis:
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Refund of Community Fee. ( a) If Community terminates this Agreement under this Section, the first five hundred dollars ($500) or less of any Community fee that you paid to Community is non-refundable. The remainder of any Community fee paid (that is, after deducting $500 (thereinafter referred to as the "balance")) is refundable to you or your legal representative on the following basis: (i) a full refund of the balance if the Community fee was paid within six months of the notice of termination. (ii) a seventy five (75) percent refund of the balance if the Community fee was paid more than six months but not more than twelve months before the notice of termination. (iii) a fifty (50) percent refund of the balance if the Community fee was paid more than twelve months but not more than eighteen months before the notice of termination. (iv) a twenty five (25) percent refund of the balance if the Community fee was paid more than eighteen months but less than twenty five months before the notice of termination.
Refund of Community Fee. Resident is entitled to a refund of all or a portion of the Community Fee after the termination of this Agreement, as set forth in Exhibit A.
Refund of Community Fee. If this Agreement is terminated after the Resident occupies the Residence, for any reason, including death, Resident will be entitled to a refund of an amount equal to one hundred percent (100%) of the Community Fee paid, without interest, or the then prevailing Community Fee for the same size and type of unit, whichever is less, minus: a. An amount equal to ten percent (10%) of the Community fee paid (for processing and refurbishment of the unit); b. Two and one-half percent (2.5%) of the Community Fee paid for each full or partial month of occupancy of the Residence (the period between the date the Residence was available for occupancy and the date on which the Resident vacates the Residence); c. Any amount charged against the refund in accordance with provisions of this Agreement related to Resident’s financial inability to pay; and d. Any other amounts that may be owed the Facility under the terms and conditions of this Agreement After 36 months no refund will be due and payable

Related to Refund of Community Fee

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  • Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, at the rate per annum specified in the Fee Letter, computed on the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on the tenth Business Day after the end of each March, June, September and December in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

  • Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers The Borrower shall pay directly to each L/C Issuer for its own account a fronting fee (a “Fronting Fee”) with respect to each Letter of Credit issued by it, at the rate per annum equal to 0.125% computed on the daily maximum amount then available to be drawn under such Letter of Credit. Such fronting fees shall be computed on a quarterly basis in arrears. Such fronting fees shall be due and payable on the tenth Business Day after the end of each March, June, September and December in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. In addition, the Borrower shall pay directly to each L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable within ten Business Days of demand and are nonrefundable.

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  • Creation and Development Fee If the Prospectus related to a Trust specifies a creation and development fee, the Trustee shall, on or immediately after the end of the initial offering period, withdraw from the Capital Account, an amount equal to the unpaid creation and development fee as of such date and credit such amount to a special non-Trust account designated by the Depositor out of which the creation and development fee will be distributed to the Depositor (the "Creation and Development Account"). The creation and development fee is the per unit amount specified in the Prospectus for the Trust. (16) Article III is hereby amended by adding the following section:

  • Refund Liabilities 8.4.1 The State shall be liable for interest on refunds from the date the refund is credited to a State account until the date the refund is debited from the State account for program purposes. The State shall apply a $50,000 refund transaction threshold below which the State shall not incur or calculate interest liabilities on refunds. A transaction is defined as a single deposit. 8.4.2 For each refund, the State shall maintain information identifying: (1) date a refund is credited to a State account (2) date of the subsequent deposit of Federal funds against which the refund is offset

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