Common use of Third Party Contribution Clause in Contracts

Third Party Contribution. (Contribution) £…………… 7. Commencement Date: ……/……/…… (Commencement Where: • the Company has agreed to accommodate and provide care for the Named Person at the Care Home; • the Named Person is unable to afford Towerview Care List Price from his/her own resources; and • the local Social Services Authority is unwilling to fund the full amount of the difference between the Towerview Care List Price and the Named Person’s assessed contribution, the Third Party has agreed to pay a Contribution towards the Towerview Care List Price of the Named Person’s accommodation and care from the Commencement Date stated above. Unless otherwise agreed, the Contribution will be paid 4-weekly in advance by Direct Debit to a bank account nominated by the Company from time to time. Where, in accordance with section 5 of the Private Funders Terms and Conditions, there is an increase in the Towerview Care List Price at any time, the Contribution will be increased automatically after 4-weeks written notice by the same percentage. If at any time the local Social Services Authority agrees to increase their payments so that the combined payments are in excess of the Towerview Care List Price, the Third Party Contribution will be reduced so that only the Towerview Care List Price is paid. This Agreement will begin on the Commencement Date and shall continue, unless terminated earlier in accordance with the terms of this Agreement, the residence ceases earlier (for whatever reason) or the Towerview Care List Price is covered from other sources, until the second anniversary of the Commencement Date when it shall terminate automatically unless the parties agree otherwise. Either party may terminate this Agreement at any time by giving not less than three months’ written notice to the other party. You may cancel this contract at any time during the first 14 days from the Commencement Date but shall remain liable for any services already provided to the Named Person.

Third Party Contribution. (Contribution) £…………… 7. Commencement Date: Date) ……/……/…… (Commencement Where: • the Company has agreed to accommodate and provide care for the Named Person at the Care Home; • the Named Person is unable to afford Towerview Care List Price from his/her own resources; and • the local Social Services Authority is unwilling to fund the full amount of the difference between the Towerview Care List Price and the Named Person’s assessed contribution, the Third Party has agreed to pay a Contribution towards the Towerview Care List Price of the Named Person’s accommodation and care from the Commencement Date stated above. Unless otherwise agreed, the Contribution will be paid 4-weekly in advance by Direct Debit to a bank account nominated by the Company from time to time. Where, in accordance with section 5 of the Private Funders Terms and Conditions, there is an increase in the Towerview Care List Price at any time, the Contribution will be increased automatically after 4-weeks written notice by the same percentage. If at any time the local Social Services Authority agrees to increase their payments so that the combined payments are in excess of the Towerview Care List Price, the Third Party Contribution will be reduced so that only the Towerview Care List Price is paid. This Agreement will begin on the Commencement Date and shall continue, unless terminated earlier in accordance with the terms of this Agreement, the residence ceases earlier (for whatever reason) or the Towerview Care List Price is covered from other sources, until the second anniversary of the Commencement Date when it shall terminate automatically unless the parties agree otherwise. Either party may terminate this Agreement at any time by giving not less than three months’ written notice to the other party. You may cancel this contract at any time during the first 14 days from the Commencement Date but shall remain liable for any services already provided to the Named Person.