Common use of Acceptance and Deposit Clause in Contracts

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.

Appears in 2 contracts

Sources: Parent Contract, Parent Contract

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 their place at the School. The limited exception to this is where 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 it’s its 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 's [e.g., foundation/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.

Appears in 1 contract

Sources: Acceptance Form and Terms and Conditions