Common use of Prepaid Deposits/Advance Payment Clause in Contracts

Prepaid Deposits/Advance Payment. Unless otherwise specified herein, prior to admission and/or restricted by law, the Facility requires an advance payment in cash or certified check equal to three (3) months of services at the Facility’s Daily Basic Rate from private pay residents. Such sum represents a two (2) month prepaid security deposit (“Prepaid Deposit”) and the Monthly Advance Payment for the first month stay at the Facility. The Prepaid Deposit, including any interest accrued, shall continue to be the property of the depositor. However, the Facility shall have the right to apply, at its sole discretion, the Prepaid Deposit toward payment for services provided under this Agreement. The Resident, Sponsor and/or Resident Representative agree to deposit additional funds with the Facility to replenish the Prepaid Deposit to a sum equivalent to two (2) months of the current Daily Basic Rate within ten (10) days of written notice to the Resident. The Facility may deduct a fee of 1% per year from Prepaid Deposit amounts to cover administrative costs in accordance with applicable law. Upon Resident’s discharge from the Facility, the balance of the prepaid amount in excess of outstanding bills will be refunded in accordance with Facility’s policy within thirty (30) days of the discharge. However, if a private paying Resident leaves the Facility for reasons within the Resident’s control without giving five (5) days’ prior notice, the Facility will retain an additional amount not to exceed one (1) day’s Daily Basic Rate. Prepaid deposits/advance payment are not required upon admission from individuals eligible for Medicare, Medicaid and/or Veterans Administration benefits. However, immediately upon the ineligibility of a Resident and/or the expiration or discontinuation of coverage for services at the Facility by such government programs, a Prepaid Deposit and Monthly Advance Payment will be required in accordance with the above- mentioned Prepaid Deposit policies of the Facility.

Prepaid Deposits/Advance Payment. Unless otherwise specified herein, prior to admission and/or restricted by law, the Facility requires an advance payment in cash or certified check equal to three (3) months of services at the Facility’s Daily Basic Rate from private pay residents. Such sum represents a two (2) month prepaid security deposit (“Prepaid Deposit”) and the Monthly Advance Payment for the first month stay at the Facility. The Prepaid Deposit, including any interest accrued, shall continue to be the property of the depositor. However, the Facility shall have the right to apply, at its sole discretion, the Prepaid Deposit toward payment for services provided under this Agreement. The Resident, Sponsor and/or Resident Representative agree to deposit additional funds with the Facility to replenish the Prepaid Deposit to a sum equivalent to two (2) months of the current Daily Basic Rate within ten (10) days of written notice to the Resident. The Facility may deduct a fee of one percent (1% %) per year from Prepaid Deposit amounts to cover administrative costs in accordance with applicable law. Upon Resident’s discharge from the Facility, the balance of the prepaid amount in excess of outstanding bills will be refunded in accordance with Facility’s policy within thirty (30) days of the discharge. However, if a private paying Resident leaves the Facility for reasons within the Resident’s control without giving five (5) days’ prior notice, the Facility will retain an additional amount not to exceed one (1) day’s Daily Basic Rate. Prepaid deposits/advance payment are not required upon admission from individuals eligible for Medicare, Medicaid and/or Veterans Administration benefits. However, immediately upon the ineligibility of a Resident and/or the expiration or discontinuation of coverage for services at the Facility by such government programs, a Prepaid Deposit and Monthly Advance Payment will be required in accordance with the above- above-mentioned Prepaid Deposit policies of the Facility.

Prepaid Deposits/Advance Payment. Unless otherwise specified herein, prior to admission and/or restricted by law, the Facility requires an advance payment in cash or certified check equal to three (3) months of services at the Facility’s Daily Basic Rate from private pay residents. Such sum represents a two (2) month prepaid security deposit (“Prepaid Deposit”) and the Monthly Advance Payment for the first month stay at the Facility. The Prepaid Deposit, including any interest accrued, shall continue to be the property of the depositor. However, the Facility shall have the right to apply, at its sole discretion, the Prepaid Deposit toward payment for services provided under this Agreement. The Resident, Sponsor and/or Resident Representative agree to deposit additional funds with the Facility to replenish the Prepaid Deposit to a sum equivalent to two (2) months of the current Daily Basic Rate within ten (10) days of written notice to the Resident. The Facility may deduct a fee of one percent (1% %) per year from Prepaid Deposit amounts to cover administrative costs in accordance with applicable law. Upon Resident’s discharge from the Facility, the balance of the prepaid amount in excess of outstanding bills will be refunded in accordance with Facility’s policy within thirty (30) days of the discharge. However, if a private paying Resident leaves the Facility for reasons within the Resident’s control without giving five (5) days’ prior notice, the Facility will retain an additional amount not to exceed one (1) day’s Daily Basic Rate. Prepaid deposits/advance payment are not required upon admission from individuals eligible for Medicare, Medicaid and/or Veterans Administration benefits. However, immediately upon the ineligibility of a Resident and/or the expiration or discontinuation of coverage for services at the Facility by such government programs, a Prepaid Deposit and Monthly Advance Payment will be required in accordance with the above- mentioned Prepaid Deposit policies of the Facility.

Prepaid Deposits/Advance Payment. Unless otherwise specified herein, prior to admission and/or restricted by law, the Facility requires an advance payment in cash or certified check equal to three (3) months of services at the Facility’s Daily Basic Rate from private pay residents. Such sum represents a two (2) month prepaid security deposit (“Prepaid Deposit”) and the Monthly Advance Payment for the first month stay at the Facility. The Prepaid Deposit, including any interest accrued, shall continue to be the property of the depositor. However, the Facility shall have the right to apply, at its sole discretion, the Prepaid Deposit toward payment for services provided under this Agreement. The Resident, Sponsor and/or Resident Representative agree to deposit additional funds with the Facility to replenish the Prepaid Deposit to a sum equivalent to two (2) months of the current Daily Basic Rate within ten (10) days of written notice to the Resident. The Facility may deduct a fee of one percent (1% %) per year from Prepaid Deposit amounts to cover administrative costs in accordance with applicable law. Upon Resident’s discharge from the Facility, the balance of the prepaid amount in excess of outstanding bills will be refunded in accordance with Facility’s policy within thirty (30) days of the discharge. However, if a ifa private paying Resident leaves the Facility for reasons within the Resident’s control without giving five (5) days5)days’ prior notice, the Facility will retain an additional amount not to exceed one (1) day’s Daily Basic Rate. Prepaid deposits/advance payment are not required upon admission from individuals eligible for Medicare, Medicaid and/or Veterans Administration benefits. However, immediately upon the ineligibility of a Resident and/or the expiration or discontinuation of coverage for services at the Facility by such government programs, a Prepaid Deposit and Monthly Advance Payment will be required in accordance with the above- mentioned Prepaid Deposit policies of the Facility.

Prepaid Deposits/Advance Payment. Unless otherwise specified herein, prior to admission and/or restricted by law, the Facility requires an advance payment in cash or certified check equal to three (3) months of services at the Facility’s Daily Basic Rate from private pay residents. Such sum represents a two (2) month prepaid security deposit (“Prepaid Deposit”) and the Monthly Advance Payment for the first month stay at the Facility. The Prepaid Deposit, including any interest accrued, shall continue to be the property of the depositor. However, the Facility shall have the right to apply, at its sole discretion, the Prepaid Deposit toward payment for services provided under this Agreement. The Resident, Sponsor and/or Resident Representative agree to deposit additional funds with the Facility to replenish the Prepaid Deposit to a sum equivalent to two (2) months of the current Daily Basic Rate within ten (10) days of written notice to the Resident. The Facility may deduct a fee of one percent (1% %) per year from Prepaid Deposit amounts to cover administrative costs in accordance with applicable law. Upon Resident’s discharge from the Facility, the balance of the prepaid amount in excess of outstanding bills will be refunded in accordance with Facility’s policy within thirty (30) days of the discharge. However, if a private paying Resident leaves the Facility for reasons within the Resident’s control without giving five (5) days5)days’ prior notice, the Facility will retain an additional amount not to exceed one (1) day’s Daily Basic Rate. Prepaid deposits/advance payment are not required upon admission from individuals eligible for Medicare, Medicaid and/or Veterans Administration benefits. However, immediately upon the ineligibility of a Resident and/or the expiration or discontinuation of coverage for services at the Facility by such government programs, a Prepaid Deposit and Monthly Advance Payment will be required in accordance with the above- mentioned Prepaid Deposit policies of the Facility.

Prepaid Deposits/Advance Payment. Unless otherwise specified herein, prior to admission and/or restricted by law, the Facility requires an advance payment advancepayment in cash or certified check equal to three (3) months of services at the Facility’s Daily Basic Rate from private pay residents. Such sum represents a two (2) month prepaid security deposit (“Prepaid Deposit”) and the Monthly Advance Payment for the first month stay at the Facility. The Prepaid Deposit, including any interest accrued, shall continue to be the property of the depositor. However, the Facility shall have the right to apply, at its sole discretion, the Prepaid Deposit toward payment for services provided under this Agreement. The Resident, Sponsor and/or Resident Representative agree to deposit additional funds with the Facility to replenish the Prepaid Deposit to a sum equivalent to two (2) months of the current Daily Basic Rate within ten (10) days of written notice to the Resident. The Facility may deduct a fee of one percent (1% %) per year from Prepaid Deposit amounts to cover administrative costs in accordance with applicable law. Upon Resident’s discharge from the Facility, the balance of the prepaid amount in excess of outstanding bills will be refunded in accordance with Facility’s policy within thirty (30) days of the discharge. However, if a private paying Resident leaves the Facility for reasons within the Resident’s control without giving five (5) days5)days’ prior notice, the Facility will retain an additional amount not to exceed one (1) day’s Daily Basic Rate. Prepaid deposits/advance payment are not required upon admission from individuals eligible for Medicare, Medicaid and/or Veterans Administration benefits. However, immediately upon the ineligibility of a Resident and/or the expiration or discontinuation of coverage for services at the Facility by such government programs, a Prepaid Deposit and Monthly Advance Payment will be required in accordance with the above- mentioned Prepaid Deposit policies of the Facility.