Life Right definition

Life Right means a right of occupation, being the right of the Life Right Holder, to occupy the Unit for the duration of his or her lifetime, subject to the terms and conditions of this Agreement and the Residents’ Association Constitution and Conduct Rules.
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Life Right means a right of occupation as defined in the Retired Persons Act, being the right of a Member, to occupy a Unit for the duration of his or her lifetime, subject to the provisions of the Life Right agreement and the Residents’ Association Constitution and Conduct Rules.
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Life Right means any life rights granted in respect of the retirement village intended to be established within the development;
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Examples of Life Right in a sentence

  • Leave Type Medical/ Dental/ Vision Basic Life Voluntary Life Right to return to position Seniority Length of Leave Personal (PLOA) To end of month and then COBRA 180 days only – at employee’s expense Portable coverage at employee’s expense* Yes 90 days 90 days Furlough Until pay continuation Ceases Company paid for 90 days Portable coverage at employee’s expense* Based on your recall rights Less than 10 years adj.

  • Expert Systems (ES) are a Section of Artificial Intelligence (AI), developed by the AI community in the mid-1960s [181].

  • Leave Type Medical/ Dental/ Vision Basic Life Voluntary Life Right to return to position Seniority Length of Leave Personal (PLOA) To end of month and then COBRA 180 days only – at employee’s expense Portable coverage at employee’s expense* Yes 90 days 90 days Furlough Until pay continuation ceases Company paid for 90 days Portable coverage at employee’s expense* Based on your recall rights Less than 10 years adj.

  • These certain harms to Defendants and to the public arising from an inability to take essential preparatory steps represent greater harm than any conceivably forecast by Plaintiffs on this record.

  • Usually, middle-income seniors cannot secure additional bonds and bank loans.However, if you’re a Life Right holder living in an Evergreen retirement village, some of your capital could be released.

  • A Life Right is not a property investment and will not provide a financial return on investment.

  • ACCESS TO FUNDSIn an emergency, a Life Right holder can renegotiate the capital return in order to liberate some of the capital that forms part of the agreement.The proceeds would typically be used to pay levies that are in arrears, or healthcare costs.MAINTENANCEThe developer is responsible for maintaining, cleaning, painting, gardening, landscaping and securing the village.

  • PRICINGThe cost of a Life Right is linked to the percentage of capital that is returned to your estate on cessation of the contract, so it can be tailoredto fit your budget.

  • The JSCDL has provided the wording for the Council resolution contained in the officer recommendation.

  • The Life Right is one of the main types of retirement purchase models in South Africa, along with sectional title and freehold.


More Definitions of Life Right

Life Right means a right of occupation as such is defined in the Retired Persons Act;
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Life Right means a right of occupation as such is defined in section 4 A of the Retired Persons Act and any substantially similar right pursuant to an alienation as contemplated herein;
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Life Right means the right to occupy the Unit for the duration of the lifetime of the Purchaser, including but not limited to the use and enjoyment thereof and the Communal Facilities, subject at all times to the provisions of this Agreement, the Management Association Constitution and/or the Conduct Rules, as the case may be, which is to be referenced in the Register with the reference assigned to it in Part Four, Section D;
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Life Right means the right of the Member to occupy the Unit for the duration ofhis lifetime, including but not limited to the use and enjoyment thereof and the Communal Facilities, subject at all times to the provisions of the Life Right Agreement, the Articles of this Constitution and the provisions of the Conduct Rules;
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Related to Life Right

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • 'Survivor's Option means, where applicable, the right of a holder of a Note to require the Company to repay such Note prior to its Stated Maturity upon the death of the owner of such Note, subject to the provisions hereof relating to such option."

  • car-share parking space means a parking space that is reserved and actively used for car-sharing;

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

  • Director Option means an Option granted pursuant to Section 6.

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Lifetime means the time period over which Energy Savings will be delivered and for the purposes of Schedules B, C, D, E, and G are for reference only, as the relevant time period is already taken into account in the savings factors in those Schedules.

  • Junior accessory dwelling unit means a unit that is no more than 500 square feet in size and contained entirely within a single-family residence. A junior accessory dwelling unit may include separate sanitation facilities, or may share sanitation facilities with the existing structure.

  • Qualified disabled veteran means a business entity that is 51% or more owned by one or more veterans with a service- connected disability.

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Stock Purchase Right means a right to purchase Common Stock pursuant to Section 11 below.

  • Option to Purchase has the meaning set forth in Section 13.1.

  • Employee Option means an Option granted pursuant to Section 5.

  • Minor child means a biological or adopted child of the

  • car-share means the practice where a number of people share the use of one or more cars that are owned by a profit or non-profit car-sharing organization and where such organization may require that use of cars to be reserved in advance, charge fees based on time and/or kilometres driven, and set membership requirements of the car-sharing organization, including the payment of a membership fee that may or may not be refundable;

  • Option 2 [_] An amount equal to the sum of ________% of the portion of such Contributing Participant's Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) which does not exceed ________% of the Contributing Participant's Compensation plus ________% of the portion of such Contributing Participant's Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) which exceeds ________% of the Contributing Participant's Compensation.

  • land tenure right means an old order right or a new order right as defined in section 1 of the Communal Land Rights Act, 2004 (Act No.11 of 2004);

  • Spousal equivalent means a cohabitant occupying a relationship generally equivalent to that of a spouse.

  • Purchase Right means an option to purchase shares of Common Stock granted pursuant to the Plan.

  • Membership Unit means a Membership Common Unit, a Company Preferred Unit, a Company Junior Unit or any other fractional share of the Membership Interests that the Managing Member has authorized pursuant to Section 4.1 or Section 4.2 hereof.

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • Non-Qualified Share Option means an Option that is not intended to be an Incentive Share Option.

  • designated sporting event generally means any association football match, whether national or international. The full legal definition of the different classes of designated sporting events may be found in the Sports Grounds and Sporting Events (Designation) (Amendment) Order 2011, under Article 2(1) and 2(2) of Schedule 2.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.