Termination Due to Death, Your Voluntary Termination or XxXxxx’x Termination a. If this Agreement is terminated due to your death, or due to your voluntary termination or XxXxxx’x termination when you are no longer living on the McLean campus in another level of care, McLean shall make a refund to you or your estate. The refund will be based upon a declining balance due, as shown in the Refund Balance Sheet attached hereto as Exhibit C and incorporated by reference. The amount due to you or your estate shall be equal to the indicated balance as shown on the Refund Balance Sheet, without interest and minus any unpaid fees, charges, and repair costs. If McLean must use any of the entrance fee for health care charges, McLean will charge the applicable interest rate on the funds expended. The Entrance Fee refund shall be calculated based on the months lived at McLean for the second resident, if any, upon the death of the second resident. (See your Refund Balance Schedule attached as Exhibit C.) You or your estate shall receive the refund either: (i) within thirty (30) days after the date that your former Residence is re-occupied by a new resident who has executed a Residence Agreement and paid the then-applicable entrance fee for the Residence; or (ii) three (3) years from the date this Agreement is terminated, whichever occurs first. Additional fees paid for refurbishment and the application processing fee will not be refunded.
b. If you remain at McLean for care after leaving the Village, upon your death or termination of any subsequent care agreement (e.g. agreements for Assisted Living or Skilled Nursing Services) due to leaving the care of XxXxxx, XxXxxx shall make a refund to you or your estate if owed pursuant to Refund Balance Sheet, attached hereto as Exhibit C. equal to percent ( %) of your Entrance Fee without interest and minus any unpaid fees and charges (including any unpaid health care charges, plus late fees) and repair costs. Any refundable portion of the Entrance Fee may be applied to pay for care in assisted living or skilled nursing only after all other assets have been depleted and a full financial review has been conducted in cooperation with our VP of Finance. If McLean must use any of your Entrance Fee for health care charges, McLean reserves the right to charge the applicable interest rate on the funds expended. You or your estate shall receive the refund either: (i) within thirty (30) days after the date that your Residence is re-occupied by a new resident who has executed a Residence Agreement and paid the th...
Termination Due to Death, Your Voluntary Termination or XxXxxx’x Termination a. If this Agreement is terminated due to your death, or due to your voluntary termination or XxXxxx’x termination when you are no longer living on the McLean campus in another level of care, XxXxxx shall make a refund to you or your estate. The refund will be based upon a declining balance due, as shown in the Refund Balance Sheet attached hereto as Exhibit C and incorporated by reference. The amount due to you or your estate shall be equal to the indicated balance as shown on the Refund Balance Sheet, without interest and minus any unpaid fees, charges, and repair costs. If XxXxxx must use any of the Entrance Fee for health care charges, XxXxxx will charge the applicable interest rate on the funds expended. The Entrance Fee refund shall be calculated based on the months lived at McLean for the second resident, if any, upon the death of the second resident. (See your Refund Balance Schedule attached as Exhibit C.) You or your estate shall receive the refund either: (i) within thirty
