Common use of Change in Financial Status Clause in Contracts

Change in Financial Status. Messiah Village may discontinue or reduce any financial assistance if there is a change in Resident’s financial circumstances permitting Resident to bear all or an increased portion of the Monthly Service Fee or other charges for Personal Care or Nursing Care services, or if any factual representation by Resident made in the original Application for Residency and related documents or in support of a request for financial assistance is determined to have been materially false or inaccurate, or if the continuation of such financial assistance will, in Messiah Village’s opinion, impair the ability of Messiah Village to attain its objectives while operating on a sound financial basis. Messiah Village shall take into consideration future economic conditions and the ability of Resident’s estate to satisfy financial obligations when making a determination regarding Resident’s request for financial assistance under this Agreement.