Initial Deposit. Licensee shall pay ▇▇▇▇ a nonrefundable booking deposit of 10% of the estimated fees in the amount of $ to confirm the initial reservation (the “Initial Deposit”). The Initial Deposit will be credited towards the balance of the Facility Fees. Licensee must pay the Initial Deposit upon execution of this Agreement or this Agreement shall be null and void.
Appears in 6 contracts
Sources: Facilities License Agreement, Facilities License Agreement, Facilities Academic Year License Agreement