Ingoing Contribution definition

Ingoing Contribution means the Loan Amount paid by the Resident to the Scheme Operator for the right to reside in the Village.

Ingoing Contribution means the amount to be loaned by the Resident to the Scheme Operator under the Loan Agreement in consideration for this grant of this Contract.

Ingoing Contribution means a payment that is made with a view to securing, by itself or with other acts, a right (whether enforceable or not) to reside in a retirement village but does not include a payment

Examples of Ingoing Contribution in a sentence

• Option 3 - 5% Reduced Ingoing Contribution The resident pays a reduced ingoing contribution (calculated as 95% of the standard ingoing contribution) by the commencement date of the residence contract and defers the management fee (also known as the 'exit fee') until the resident leaves the village.

• Option 4 – 10% Reduced Ingoing Contribution The resident pays a reduced ingoing contribution (calculated as 90% of the standard ingoing contribution) by the commencement date of the residence contract and defers the management fee (also known as the 'exit fee') until the resident leaves the village.

• Option C: There is no Exit Fee as the Ingoing Contribution is fully refundable.

• If you select the Guaranteed Repayment Option your Ingoing Contribution will be equal to the Original Standard Ingoing Contribution.

• If you select the Discount Lease Option your Ingoing Contribution will be 10% less than the Original Standard Ingoing Contribution and on the Exit Entitlement Date you will not be entitled to be paid any Capital Gain.

More Definitions of Ingoing Contribution

Ingoing Contribution means the amount specified in item 7 of Schedule One.

Ingoing Contribution means the amount specified in Item 3 of the Reference Schedule, being the amount which You advance to Us under clause 4.1.

Ingoing Contribution means a payment that is made with a view to securing, by itself or with other acts, a right (whether enforceable or not) to reside in a retirement village but does not include a payment made recurrently by way of rent, fees or charges.

Ingoing Contribution means a payment (however described) made by or on behalf of a person in consideration for, or in contemplation of, the person becoming aresident in a retirement village (but does not include a recurrent charge, an exit fee, a special levy or any other payment excluded by the regulations from the ambit of this definition);

Ingoing Contribution means the amount set out in Item 4 of the Schedule, which is payable by the Resident to the Scheme Operator.

Ingoing Contribution means the amount set out in Item 6 of the Items Schedule, which is payable by the Resident to the Scheme Operator by way of an interest free loan.

Ingoing Contribution means the amount specified in Item 10 which is payable by the Resident to the Scheme Operator for the granting of the Licence;