RETENTION FEE. (a) In consideration of the grant of the right to occupy the Unit or Rest Home Apartment and the supply of other domestic goods and services and subject to clause 6.3, the Resident agrees to pay to the Operator a Retention Fee on termination of this Occupation Right Agreement, on the day which is the Repayment Date, as per clause 17.2 of this Occupation Right Agreement. The Retention Fee shall be satisfied by way of deduction by the Operator from the Valuation Amount repayable to the Resident.
Appears in 7 contracts
Samples: Occupation Right Agreement, Occupation Right Agreement, Occupation Right Agreement
