Entrance Fees definition

Entrance Fees means the amount to be paid to Arbors in return for life use of a

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Entrance Fees means fees, other than the Monthly Service Fees or other monthly charges, paid by Residents or prospective Residents to the Borrower pursuant to Residency Agreements for the purpose of obtaining the right to reside in the Project, including any and all refundable deposits in respect thereof.

Entrance Fees. Any so-called “upfront entrance fees,” deposits or other payments to Lessee (or its predecessor in interest) by any Entrance Fee Resident made (a) to assure such Entrance Fee Resident a place in an Entrance Fee Facility, and/or (b) in exchange for any form (whether limited or otherwise) of long-term life care benefits or services; provided, however that “Entrance Fees” shall not include (i) any monthly service fees paid by Entrance Fee Residents to Lessee in exchange for monthly services, (ii) any waiting list deposits or similar deposits made by prospective Entrance Fee Residents who have not yet entered into any Entrance Fee Agreements, or (iii) any rental or service fees in connection with a Non-Entrance Fee Occupancy Arrangement. Non-Entrance Fee Occupancy Arrangements: Any non-Commercial Occupancy Arrangement that does not constitute an Entrance Fee Agreement, including, for example, a residency license or lease agreement to occupy a residential unit at an Entrance Fee Facility on a month-to-month or other limited-term basis and where such Non-Entrance Fee Occupant pays monthly rent and charges, but does not pay an Entrance Fee and is not entitled to life care services or benefits.

Examples of Entrance Fees in a sentence

You agree that your sole remedy shall be limited to actual damages, which shall in no event exceed the Entrance Fees paid by you in connection with the submission of the application and this Agreement.
Entrance Fees are available to Messiah Village for any corporate purpose and in any manner that is deemed appropriate by Messiah Village in its sole and absolute discretion.
If Licensor has overpaid or underpaid out the Tournament Entrance Fees to Customers by a figure of greater than 0.5% for the period covered by the inspection, then Licensor will bear the cost of that inspection.
AII Entrance Fees to be received by the General Manager by 1st August.
On the Commencement Date, Tenant shall establish an interest bearing reserve account "Lifecare Bond Reserve") in CNLBank or, at the Tenant's option, another bank designated by Tenant and reasonably approved by Landlord, and any funds in the Lifecare Bond Reserve shall be used solely for the repayment of Refundable Entrance Fees.

More Definitions of Entrance Fees

Entrance Fees means the entrance fee, membership fee, return of capital, life estate purchase price, unit purchase price or similar payment (whether refundable or nonrefundable) made by residents on or prior to the Closing Date under Resident Agreements entered into on or prior to the Closing Date.

Entrance Fees means any and all unpaid obligations to residents of Facilities pursuant to Buy-In Agreements at any of the Facilities.

Entrance Fees means any and all obligations owed to residents of Properties pursuant to Buy-In Agreements at any of the Properties as of the Closing Date.

Entrance Fees means any Refundable Entrance Fees and any Non-Refundable Entrance Fees paid by residents entering into Continuing Care Agreements.

Entrance Fees means the initial fees payable by an applicant for membership in the Corporation as a Dealer Member as specified in Section 1.

Entrance Fees means fees, other than security deposits, monthly rentals, or monthly service charges, paid to a Member by residents of units or the Landlord for the purpose of obtaining the right to reside in those units or to obtain a parking space including any refundable resident deposits described in any lease, residency agreement, or similar agreement with respect to those units or parking spaces, but shall not include any such amounts held in escrow or otherwise set aside pursuant to the requirements of any such agreement or a reservation agreement prior to the occupancy of the unit or parking space covered by such lease, residency agreement, or similar agreement (which amounts shall be included if and when occupancy occurs) (each, an “Entrance Fee”).

Entrance Fees means any up-front fees or payments required to be made by any resident of a Mortgaged Property upon or in connection with such resident executing a residency or occupancy agreement relating to such Mortgaged Property.