Acceptance and Deposit Sample Clauses

Acceptance and Deposit. (a) How you accept our offer of a place (b) The non-refundable status of the deposit (c) How we use the deposit

Acceptance and Deposit. (a) How you accept our offer of a place. An offer of a place for your child at the School is accepted by your submitting the completed Acceptance Form and paying the deposit. (b) The non-refundable status of the deposit. The deposit is not refundable if your child does not take up a place at the School. The exception to this is where the School fills the vacancy created by your child’s withdrawal, in which case the School shall refund the deposit to you less its costs in administering your dealings with the School or a reasonable estimate of those costs. (c) How we use the deposit. The deposit will form part of the general funds of the School until it is repaid without interest to you, after deduction of any other sums due to the School, after your child leaves the School. PLEASE READ THIS NEXT SECTION CAREFULLY – it deals with what you need to do if you wish to withdraw your acceptance of a place before your child joins the School and what happens if you withdraw at that stage. The cancellation of a place which has been accepted can cause losses to the School, especially if it occurs after other families have taken their decisions about schooling for their children as it means we are less likely to fill the place. This is why we require the period of notice referred to here for a withdrawal, and why different consequences follow depending on whether we get that period of notice or not.

Acceptance and Deposit. In the event that the Administrative Member delivers a Purchase Offer with respect to a BREA Membership Sale, then BREA shall have a twenty (20) day period in which to elect either to accept or reject the Purchase Offer. If BREA delivers an Acceptance Notice that it accepts the Purchase Offer with respect to a BREA Membership Sale, then BREA shall sell BREA’s Membership Interest and the Administrative Member shall be obligated to purchase BREA’s Membership Interest for a purchase price equal to the Administrative Member’s Price, on the Purchase Date that is ninety (90) days after the delivery date of the Acceptance Notice, provided that the Administrative Member shall have the right to extend the Purchase Date for an additional thirty (30) days upon prior notice to BREA accompanied by the Additional Deposit. In the event that the Administrative Member becomes obligated to purchase BREA’s Membership Interest as provided above, then the Administrative Member shall transmit via wire transfer into an account specified by BREA, or by a certified check from a bank reasonably acceptable to BREA, readily available funds the Purchase Deposit payable to the Company, within five business days after the Purchase Offer is accepted. The Purchase Deposit and the Additional Deposit, if applicable, if made, shall be non-refundable to the Administrative Member in all events other than (i) the failure of the closing of the sale of BREA’s Membership Interest to occur by reason of the default by BREA or the Company as directed by BREA, (ii) the failure to execute a ROFO Purchase Agreement or (iii) one or more closing conditions which have been agreed to by the parties (other than as a result of a default by the Administrative Member) are not satisfied or waived (and in each such case the Purchase Deposit and the Additional Deposit, if applicable, shall be promptly refunded to the Administrative Member). Upon the closing of the sale on the Purchase Date, the Purchase Deposit and the Additional Deposit, if applicable, shall be a credit against the Administrative Member’s Price.

Acceptance and Deposit. 2.1 How you accept our offer of a place. An offer of a place for your child at the School is accepted by your submitting the completed Acceptance Form and paying the deposit. 2.2 The non-refundable status of the deposit. The deposit is not refundable if your child does not take up their place at the School. The limited exception to this is where notice is given in accordance with Clause 3.1 below and the School actually fills the specific vacancy created by your child’s withdrawal, in which case the School shall refund the deposit to you less its costs in administering your dealings with the School or a reasonable estimate of those costs. You should be aware that in the event of a late withdrawal it is very unlikely that the School would be able to fill the vacancy created by your child’s withdrawal. 2.3 How we use the deposit. Unless you have indicated that you would like to donate the deposit to the School’s Development Fund, the deposit will form part of the general funds of the School until it is credited without interest to the final payment of the fees or other sums due to the School on your child’s leaving (unless otherwise stated in these terms and conditions). Where a child is a boarding pupil we retain £1000 of the deposit and deduct from this any unpaid expenses and/ or outstanding amounts. You will be informed of any amount deducted. The retained sum minus any deductions will be paid to you by 31st August of the year your child leaves the School. 2.4 When the student is moving to Year 7, or is joining us in Senior School, there will be an additional deposit for IT equipment, which will be invoiced as usual, and refunded upon return of the equipment. Boarding room deposits, if necessary, are paid with the original deposit. 2.5 Requirement for you to increase the deposit amount. Where an offer of a secondary school boarding place is accepted for an existing day student (or Junior School boarder), you shall pay a further sum equivalent to the difference between the deposit already paid and the deposit payable for secondary school boarding, as a condition of acceptance. When the student is moving to Year 7, or is joining us in Senior School, there will be an additional deposit for IT equipment, which will be invoiced as usual, and refunded upon return of the equipment. Boarding room deposits, if necessary, are paid with the original deposit. - it deals with what you need to do if you wish to withdraw your acceptance of a place before your child joi...

Acceptance and Deposit. (a) How you accept our offer of a place (b) The non-refundable status of the deposit (c) How we use the deposit The cancellation of a place which has been accepted can cause losses to the School, especially if it occurs after other families have taken their decisions about schooling for their children as it means we are less likely to fill the place. This is why we require the period of notice referred to here for a withdrawal, and why different consequences follow depending on whether we get that period of notice or not.

Acceptance and Deposit. In the event that the Administrative Member delivers a Purchase Offer with respect to a Property Sale, BREA shall have a twenty (20) day period in which to elect either to accept or reject the Purchase Offer. If BREA delivers an Acceptance Notice that it accepts the Purchase Offer with respect to a Property Sale, then the Company shall sell the applicable Property or Properties to the Administrative Member, and the Administrative Member shall be obligated to purchase the applicable Property or Properties for a purchase price equal to the Administrative Member’s Price, on the Purchase Date that is sixty (60) days after the delivery date of the Acceptance Notice, provided that the Administrative Member shall have the right to extend the Purchase Date for an additional thirty (30) days upon prior notice to BREA accompanied by the Additional Deposit. In the event that the Administrative Member becomes obligated to purchase the applicable Property or Properties as provided above, then the Administrative Member shall transmit via wire transfer into an account specified by BREA, or by a certified check from a bank reasonably acceptable to BREA, the Purchase Deposit payable to the Company, within five (5) business days after the Purchase Offer is accepted. The Purchase Deposit, if made, shall be non-refundable to the Administrative Member in all events other than (i) the failure of the closing of the sale of the applicable Property or Properties to occur by reason of the default by BREA or the Company as directed by BREA,

Acceptance and Deposit. (a) How you accept our offer of a place. An offer of a place for your child at the School is accepted by your submitting the completed Acceptance Form and paying the deposit. (b) The non-refundable status of the deposit. The deposit is not refundable if your child does not take up a place at the School, subject to Clause 2(d).

Acceptance and Deposit. (a) How you accept our offer of a place. An offer of a place for your child at the School is accepted by your submitting the completed Acceptance Form and paying the deposit. (b) The non-refundable status of the deposit. The deposit is not refundable if your child does not take up a place at the School. The exception to this is where the School fills the vacancy created by your child's withdrawal, in which case the School shall refund the deposit to you less it’s costs in administering your dealings with the School or a reasonable estimate of those costs. (c) How we use the deposit. Unless you have indicated that you would like to donate the deposit to the School’s development fund, the deposit will form part of the general funds of the School until it is credited without interest to the final payment of the fees or other sums due to the School on your child's leaving.

Acceptance and Deposit. (a) The deposit (Acceptance Deposit) as shown on the Schedule of Fees will become payable when You accept the offer of a place in boarding at the School as set out in clause 1 (b) above. Unless otherwise stated in these terms and conditions, the deposit will form part of the general funds of the School until it is credited without interest to the final payment of the fees or other sums due to the School on the Student’s leaving boarding. (b) If at any time during the Student's time as a boarder at the School You predominantly reside outside the UK (irrespective of whether a UK residence is maintained) the School may require you to pay an additional deposit (Additional Deposit) of up to one third of the annual boarding fee. The School will hold the Additional Deposit in its general funds and deduct it from the final term’s fees (or fees in lieu of notice). This provision does not apply to employees of the UK Ministry of Defence or other Government servants where fees are paid in whole or part by the UK Government.