Occupancy Guarantee definition

Occupancy Guarantee means the arrangements set out or to be set out in each Care Services Agreement under which the Lead Authority is obliged to pay to the relevant Care Provider a minimum amount of fees regardless of the level of occupancy of the relevant Skyline Homes over the relevant payment period;
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Examples of Occupancy Guarantee in a sentence

  • In addition, if the failure becomes a Continuing Default, we may be able to cancel the No Negative Equity Guarantee, the Loan Repayment Guarantee, the Lifetime Occupancy Guarantee or the Equity Protection Option (if applicable).

  • It is the Parties’ intention that an Occupancy Guarantee appears in each Care Provider Agreement.

  • If, in respect of any financial year and any Care Services Agreement, an Occupancy Guarantee Payment is due from the Lead Authority to the Care Provider, the sums payable by each Local Authority to the Lead Authority in relation to such payment shall be calculated in accordance with this Schedule 1.

  • Each Party shall be deemed to have agreed the terms of the Occupancy Guarantee when approving the terms of the [template Care Provider Agreement] pursuant to clause 7.3.

  • In the event that there have been no Underpayments by any of the Local Authorities, each Local Authority shall contribute to the Occupancy Guarantee Payment in accordance with the Local Authority Contribution Rates that apply in respect of the relevant financial year.