Common use of DEFERRED REVENUE Clause in Contracts

DEFERRED REVENUE. Schedule 4.28 sets forth a complete and accurate list by school of the ------------- amounts that represent deferred revenue for each of the Companies and their Subsidiaries as reflected on the balance sheet as of the Balance Sheet Date included in the ASPECT and Pacific Financial Statements. All deferred revenue subsequent to the Balance Sheet Date arose in the ordinary course of business consistent with past practices and was recognized only after the relevant student weeks were performed, and all deferred revenue recorded subsequent to the Balance Sheet Date arose in the ordinary course of business consistent with past practices and represents student weeks for students that have not cancelled their reservations.

DEFERRED REVENUE. Schedule SCHEDULE 4.28 sets forth a complete and accurate list by school of the ------------- amounts that represent deferred revenue for each of the Companies and their Subsidiaries as reflected on the balance sheet as of the Balance Sheet Date included in the ASPECT and Pacific Financial Statements. All deferred revenue subsequent to the Balance Sheet Date arose in the ordinary course of business consistent with past practices and was recognized only after the relevant student weeks were performed, and all deferred revenue recorded subsequent to the Balance Sheet Date arose in the ordinary course of business consistent with past practices and represents student weeks for students that have not cancelled their reservations.