Continuing Care Bond Sample Contracts
EXHIBIT A CONTINUING CARE BONDContinuing Care Bond • September 30th, 2015
The above principal sum shall be due and payable, without interest, and less any offsets and deductions as provided in the Continuing Care Contract, upon the termination of the Continuing Care Contract and no later than sixty (60) days from the date of receipt of payment of the Primary Entrance Fee associated with your Apartment by another resident who is a party to a continuing care contract with the Provider (the “Resale Date”); provided, however, that if the Resale Date has not occurred by the third anniversary of the termination of the Continuing Care Contract, then such amount shall be due and payable on the third anniversary of the termination of the Continuing Care Contract.