Transfer to Alternate Independent Living Unit Sample Clauses

Transfer to Alternate Independent Living Unit. REMAINING RESIDENT may move to another Independent Living Unit, if and when available. Following the move, REMAINING RESIDENT shall pay the Monthly Maintenance Fee for the new Independent Living Unit. If REMAINING RESIDENT elects to move to a more expensive Independent Living Unit, the REMAINING RESIDENT shall be required to pay an additional Founder’s Fee in an amount equal to the difference between the then current Founder’s Fees for (1) REMAINING RESIDENT’s existing Independent Living Unit and (2) the more expensive Independent Living Unit. If REMAINING RESIDENT should elect to move to a less expensive Independent Living Unit, REMAINING RESIDENT shall be entitled to a refund of the Founder’s Fee in an amount equal to the difference between the refund to which the former joint occupants would have been entitled by this Agreement, had the Agreement then been terminated with respect to their existing Independent Living Unit and the refund (on the current Founder’s Fee) to which RESIDENT would have been entitled occupying the less expensive Independent Living Unit (selected by the REMAINING RESIDENT) had such resident occupied the less expensive Independent Living Unit for the same period of time as the former joint occupants have occupied their existing Independent Living Unit. The Founder’s Fee originally paid for DOUBLE OCCUPANCY is not considered in these calculations as it is not refundable.
Sample 1
AutoNDA by SimpleDocs
Transfer to Alternate Independent Living Unit. One RESIDENT may move to another Independent Living Unit, if and when available. Upon moving, such RESIDENT shall be required to pay an additional Founder’s Fee in an amount equal to the difference between the then current Founder’s Fee for the new independent Living Unit less the unamortized portion of the Founder’s Fee previously paid for the original Independent Living Unit. The Founder’s Fee originally paid for DOUBLE OCCUPANCY is not considered in these calculations as it is not refundable. Such RESIDENT shall also pay the Monthly Maintenance Fee for single occupancy of the new Independent Living Unit.
Sample 1

Related to Transfer to Alternate Independent Living Unit

  • Supervisory Differential Adjustment The Appointing Officer shall adjust the compensation of a supervisory employee whose compensation grade is set herein subject to the following conditions:

  • How Do I Correct an Excess Contribution? If you make a contribution in excess of your allowable maximum, you may correct the excess contribution and avoid the 6% penalty tax under Section 4973 of the Internal Revenue Code for that year by withdrawing the excess contribution and its earnings on or before the due date, including extensions, of the tax return for the tax year for which the contribution was made (generally October 15th). Any earnings on the withdrawn excess contribution may be subject to a 10% early distribution penalty tax if you are under age 59½. In addition, in certain cases an excess contribution may be withdrawn after the time for filing your tax return. Finally, excess contributions for one year may be carried forward and applied against the contribution limitation in succeeding years.

  • Independent Investment No Purchaser has agreed to act with any other Purchaser for the purpose of acquiring, holding, voting or disposing of the Securities purchased hereunder for purposes of Section 13(d) under the Exchange Act, and each Purchaser is acting independently with respect to its investment in the Securities.

  • Company Determination Final Any determination that the Company or the Board of Directors must make pursuant to this Article is conclusive.

  • Complete Portfolio Holdings From Shareholder Reports Containing a Summary Schedule of Investments; and

  • Independent Investment Decision Such Purchaser has independently evaluated the merits of its decision to purchase the Shares pursuant to the Agreement, and such Purchaser confirms that it has not relied on the advice of any other Purchaser’s business and/or legal counsel in making such decision. Such Purchaser has not relied on the business or legal advice of the Company or any of its agents, counsel or Affiliates in making its investment decision hereunder, and confirms that none of such Persons has made any representations or warranties to such Purchaser in connection with the transactions contemplated by the Transaction Documents.

  • Withdrawal from Agreement A. Any Fund may elect to withdraw from this Agreement effective at the end of any monthly period by giving at least 90 days’ prior written notice to each of the parties to this Agreement. Upon the written demand of all other Funds which are parties to this Agreement a Fund shall withdraw, and in the event of its failure to do so shall be deemed to have withdrawn, from this Agreement; such demand shall specify the date of withdrawal which shall be at the end of any monthly period at least 90 days from the time of service of such demand. B. In the event of the withdrawal of any Fund from this Agreement, all its rights and obligations, except for lease commitments, under this Agreement (except such rights or obligations as have accrued prior to the date of withdrawal) shall terminate as of the date of the withdrawal. The withdrawing Fund shall surrender its Shares to Service Company, and (1) shall be entitled to receive from Service Company an amount equal to the excess of the fair value of (i) its Shares of other securities Service Company as of the date of its withdrawal less (ii) its proportionate interest in any liabilities of Service Company, including when appropriate any commitments of Service Company and unexpired leases at the date of withdrawal; (2) shall be obligated to pay Service Company an amount equal to the excess of (ii) over (i). Such amount to be received from or paid to Service Company shall be determined by the favorable vote of the holders of a majority of the Shares whose determination shall be conclusive upon the Funds. Any amount found payable by the Service Company to the withdrawing Fund shall be recoverable by Service Company from the Funds remaining under this Agreement in accordance with the provisions of Section 1.2, 1.3 and 1.4 hereof.

  • Share Termination Delivery Property A number of Share Termination Delivery Units, as calculated by the Calculation Agent, equal to the Payment Obligation divided by the Share Termination Unit Price. The Calculation Agent shall adjust the Share Termination Delivery Property by replacing any fractional portion of a security therein with an amount of cash equal to the value of such fractional security based on the values used to calculate the Share Termination Unit Price.

  • Share Termination Delivery Unit One Share or, if the Shares have changed into cash or any other property or the right to receive cash or any other property as the result of a Nationalization, Insolvency or Merger Event (any such cash or other property, the “Exchange Property”), a unit consisting of the type and amount of such Exchange Property received by a holder of one Share (without consideration of any requirement to pay cash or other consideration in lieu of fractional amounts of any securities) in such Nationalization, Insolvency or Merger Event, as determined by the Calculation Agent. Failure to Deliver: Applicable

  • WASHINGTON’S STATEWIDE PAYEE DESK Contractor represents and warrants that Contractor is registered with Washington’s Statewide Payee Desk, which registration is a condition to payment.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!