Scheme Operator definition
Examples of Scheme Operator in a sentence
The per claim administrative charge will be reviewed by the Scheme Operator in accordance with the requirements under the Scheme legislation to ensure it accurately reflects the costs being recovered.
Any variation of the terms and conditions contained in this agreement shall be of no effect unless in writing and signed on behalf of the Scheme Operator and on behalf of the Resident.
The Scheme Operator will provide, at the request of the Resident, copies of the audited and unaudited financial statements for the retirement village for each financial year and copies of the quarterly financial statements for the Capital Replacement Fund and Maintenance Reserve Fund.
The Scheme Operator will bear the cost of the Village’s capital improvements including the capital improvement of the Communal Facilities but if the Resident gives a written request for a particular capital improvement to the Accommodation Unit and the Scheme Operator makes the improvement the Resident is to pay the cost.
If the Resident at the time of repayment of the Loan is required to pay an Exit Fee and other fees detailed in clause 3.5 of the Residence Contract to the Scheme Operator, then the Scheme Operator shall be entitled to deduct from the moneys payable under this Loan Agreement the Exit Fee and other fees by way of set off.