Entrance Deposit definition

Entrance Deposit means ten percent (10%) of the Entrance Fee paid upon signing this Agreement in accordance with Section 1.2 of the Agreement.
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Examples of Entrance Deposit in a sentence

  • If one joint resident dies, there will be no refund of any portion of the 90% Refund Amount; instead, so long as a surviving resident continues to reside at the Community, the Entrance Deposit (minus the Community Fee) shall be deemed to have been paid entirely on behalf of the surviving resident to be used for the survivor’s care if necessary, and the 90% Refund Amount will eventually be paid to the survivor, to the beneficiaries named in the survivor’s Refund Form, or to the survivor’s estate.

  • Ten percent (10%) of your Entrance Deposit is designated as the non-refundable Community Fee.

  • On May 22, 2006, decedent executed a “Refund of Entrance Deposit Form,” which, in relevant part, stated that “the Resident” (i.e., decedent) wasentitled to a refund of the Entrance Deposit .

  • In the case of Joint Residents, the Entrance Deposit shall be deemed to be a joint asset of the Joint Residents with a right of survivorship and may be used for the care of either Joint Resident.

  • These include; political economy surrounding M-Pesa (Juma 2017; Mumo 2017a, 2017c), quest to demonstrate social impact lined to M-Pesa (Lashitew, Bals, and van Tulder 2018), implementation (or review) of telecommunication regulations (Reuters 2018) among other unforeseen market factors.

  • The conditions for the refund of the Entrance Deposit are set forth in the Care Agreement.The form further expressly advised the Resident to “ review this Refund Form with an attorney or other estate planning professional prior to execution .

  • If the Agreement is either automatically canceled or terminated by either party prior to occupancy as described herein, we shall, within sixty (60) days, refund the Entrance Deposit to you.

  • NO PERSON IS AUTHORIZED TO MAKE ANY PROMISES IN CONNECTION WITH THIS OFFERING OTHER THAN THOSE CONTAINED IN THIS DISCLOSURE STATEMENT.* * * SECTION 5 – ENTRANCE DEPOSITS (SUMMARY) The one-time refundable Entrance Deposit must be paid by the resident of each Living Unit, with 10 percent due upon signing a Residence and Care Agreement and the remainder due prior to occupancy.

  • The Entrance Deposit is 100% refundable in accordance with the terms of the Residence and Care Agreement.

  • Termination After Six Months of Occupancy: A Resident is entitled to a full refund of the Entrance Deposit if the Resident terminates or all Joint Residents terminate the Residence and Care Agreement more than six months after taking occupancy.

Related to Entrance Deposit

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

  • the Deposit means 10% of the Purchase Price;

  • Cash Deposit means a cash security deposit in U.S. dollars held by AT&T-21STATE.

  • Entrance fee means money paid in a lump sum or installments or property transferred pursuant to a continuing care agreement before initiation of continuing care for 1 or more individuals and that confers the right to the continuing care.

  • Differential Deposit means data that reflects all transactions that were not reflected in the last previous Full or Differential Deposit, as the case may be. Each Differential Deposit will contain all database transactions since the previous Deposit was completed as of 00:00:00 UTC of each day, but Sunday. Differential Deposits must include complete Escrow Records as specified below that were not included or changed since the most recent full or Differential Deposit (i.e., newly added or modified domain names).

  • Security Deposit means the deposit to be held by the owner as security for the due performance of the contractual obligations.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Term deposit means a deposit received by the bank for a fixed period withdrawable only after the expiry of the fixed period and includes deposits such as Recurring / Double Benefit Deposits / Short Deposits / Fixed Deposits /Monthly Income Certificate / Quarterly Income Certificate etc.

  • Full Deposit will consist of data that reflects the state of the registry as of 00:00:00 UTC (Coordinated Universal Time) on the day that such Full Deposit is submitted to Escrow Agent.

  • Special deposit claim means a claim secured by a deposit made pursuant to statute for the security or benefit of a limited class or classes of persons, but not including a claim secured by general assets.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).