Common use of Refund upon Closing Clause in Contracts

Refund upon Closing. In the event the FACILITY ceases to operate, the Resident will be entitled to a pro rata refund of any prepaid amounts for services covering the period after the building has closed.

Appears in 13 contracts

Samples: Residency Agreement, Residency Agreement, Residency Agreement

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Refund upon Closing. In the event the FACILITY Community ceases to operate, the Resident will be entitled to a pro rata refund of any prepaid amounts for services covering the period after the building has closed.

Appears in 2 contracts

Samples: Loan Agreement (Sunrise Senior Living Inc), Loan Agreement (Sunrise Senior Living Inc)

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