Capital Preservation Plan Sample Clauses

Capital Preservation Plan. In the event of termination of this Agreement for any reason during the first 50 months after Occupancy, Resident will be entitled to a refund of a portion of the Entrance Fee. The refund will be in an amount equal to the Entrance Fee reduced by 2% per month for each month (full or partial without prorating) from the date of Occupancy. (For example, if a Resident paid an Entrance Fee of $300,000 for the Residence and occupied the Residence on June 1, 2017 and this Agreement is terminated six months later on December 1, 2017, Resident would be entitled to a $264,000 refund. This refund is calculated by taking the $300,000 Entrance Fee and reducing it by 12% (2% per month for each of the 6 months after Occupancy)).
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Related to Capital Preservation Plan

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