Common use of Exit Fee Clause in Contracts

Exit Fee. 13.1. The exit fee for your accommodation unit is calculated on a daily basis as a percentage of the Ingoing Contribution as follows: Length of time from the date of this Contract until the day the Resident ceases to reside in the Accommodation Unit or, if a Relative of a Resident resides in the Accommodation Unit under section 70B(2), the sooner of the day the Relative vacates the Accommodation Unit or the day that is 3 months after the Resident’s right to reside under this Contract is terminated. Relevant percentage and exit fee formula 1 year or less 6% (IC x 6%) x (amount of days in a partial year period / total number of days in termination year) More than 1 year, but not more than 2 years 12% (IC x 6%) + (((IC x (12%-6%)) x (amount of days in a partial year period / total number of days in termination year))) More than 2 years, but not more than 3 years 16% (IC x 12%) + (((IC x (16%-12%)) x (amount of days in a partial year period / total number of days in termination year))) More than 3 years, but not more than 4 years 20% (IC x 16%) + (((IC x (20%-16%)) x (amount of days in a partial year period / total number of days in termination year))) More than 4 years, but not more than 5 years 24% (IC x 20%) + (((IC x (24%-20%)) x (amount of days in a partial year period / total number of days in termination year))) More than 5 years, but not more than 6 years 28% (IC x 24%) + (((IC x (28%-24%)) x (amount of days in a partial year period / total number of days in termination year))) More than 6 years, but not more than 7 years 30% (IC x 28%) + (((IC x (30%-28%)) x (amount of days in a partial year period / total number of days in termination year))) More than 7 years, but not more than 8 years 32% (IC x 30%) + (((IC x (32%-30%)) x (amount of days in a partial year period / total number of days in termination year))) More than 8 years, but not more than 9 years 34% (IC x 32%) + (((IC x (34%-32%)) x (amount of days in a partial year period / total number of days in termination year))) More than 9 years 34% (IC x 34%) For the purposes of the table above, IC means Ingoing Contribution.

Exit Fee. 13.114.1. The Resident’s exit fee for your accommodation unit the Accommodation Villa/Apartment is calculated on a daily basis as a percentage of the Ingoing Contribution as follows: Length of time from the date of this Contract until the day the Resident ceases to reside in the Accommodation Unit Villa/Apartment or, if a Relative of a Resident resides in the Accommodation Unit Villa/Apartment under section 70B(2), the sooner of the day the Relative vacates the Accommodation Unit Villa/Apartment or the day that is 3 months after the Resident’s right to reside under this Contract is terminated. Relevant percentage and exit fee formula 1 year or less 67% (IC x 67%) x (amount of days in a partial year period / total number of days in termination year) More than 1 year, but not more than 2 years 1213% (IC x 67%) + (((IC x (12%-613%-7%)) x (amount of days in a partial year period / total number of days in termination year))) More than 2 years, but not more than 3 years 1618% (IC x 1213%) + (((IC x (16%-1218%-13%)) x (amount of days in a partial year period / total number of days in termination year))) More than 3 years, but not more than 4 years 2022% (IC x 1618%) + (((IC x (20%-1622%-18%)) x (amount of days in a partial year period / total number of days in termination year))) More than 4 years, but not more than 5 years 2425% (IC x 2022%) + (((IC x (24%-2025%-22%)) x (amount of days in a partial year period / total number of days in termination year))) More than 5 years, but not more than 6 years 2827% (IC x 2425%) + (((IC x (28%-2427%-25%)) x (amount of days in a partial year period / total number of days in termination year))) More than 6 years, but not more than 7 years 3029% (IC x 2827%) + (((IC x (30%-2829%-27%)) x (amount of days in a partial year period / total number of days in termination year))) More than 7 years, but not more than 8 years 32% 31 (IC x 3029%) + (((IC x (32%-3031%-29%)) x (amount of days in a partial year period / total number of days in termination year))) More than 8 years, but not more than 9 years 3433% (IC x 3231%) + (((IC x (34%-3233%-31%)) x (amount of days in a partial year period / total number of days in termination year))) More than 9 years, but not more than 10 years 34% (IC x 33%) + (((IC x (34%-33%)) x (amount of days in a partial year period / total number of days in termination year))) More than 10 years 34% (IC x 34%) For the purposes of the table above, IC ‘IC’ means Ingoing Contribution.

Exit Fee. 13.114.1. The Resident’s exit fee for your accommodation unit the Accommodation Apartment is calculated on a daily basis as a percentage of the Ingoing Contribution as follows: Length of time from the date of this Contract until the day the Resident ceases to reside in the Accommodation Unit Apartment or, if a Relative of a Resident resides in the Accommodation Unit Apartment under section 70B(2), the sooner of the day the Relative vacates the Accommodation Unit Apartment or the day that is 3 months after the Resident’s right to reside under this Contract is terminated. Relevant percentage and exit fee formula 1 year or less 67% (IC x 67%) x (amount of days in a partial year period / total number of days in termination year) More than 1 year, but not more than 2 years 1213% (IC x 67%) + (((IC x (12%-613%-7%)) x (amount of days in a partial year period / total number of days in termination year))) More than 2 years, but not more than 3 years 1618% (IC x 1213%) + (((IC x (16%-1218%-13%)) x (amount of days in a partial year period / total number of days in termination year))) More than 3 years, but not more than 4 years 2022% (IC x 1618%) + (((IC x (20%-1622%-18%)) x (amount of days in a partial year period / total number of days in termination year))) More than 4 years, but not more than 5 years 2425% (IC x 2022%) + (((IC x (24%-2025%-22%)) x (amount of days in a partial year period / total number of days in termination year))) More than 5 years, but not more than 6 years 2827% (IC x 2425%) + (((IC x (28%-2427%-25%)) x (amount of days in a partial year period / total number of days in termination year))) More than 6 years, but not more than 7 years 3029% (IC x 2827%) + (((IC x (30%-2829%-27%)) x (amount of days in a partial year period / total number of days in termination year))) More than 7 years, but not more than 8 years 32% 31 (IC x 3029%) + (((IC x (32%-3031%-29%)) x (amount of days in a partial year period / total number of days in termination year))) More than 8 years, but not more than 9 years 3433% (IC x 3231%) + (((IC x (34%-3233%-31%)) x (amount of days in a partial year period / total number of days in termination year))) More than 9 years, but not more than 10 years 34% (IC x 33%) + (((IC x (34%-33%)) x (amount of days in a partial year period / total number of days in termination year))) More than 10 years 34% (IC x 34%) For the purposes of the table above, IC ‘IC’ means Ingoing Contribution.