Common use of Liability for Fees Clause in Contracts

Liability for Fees. 4.1 This contract is in respect of residence for the period shown in the Contract Payment Schedule. No refund or reduction of those fees is available in respect of any period of the Resident’s absence from the College. 4.2 In the event early termination of this agreement (other than under clause 3.1(e) and (f)) the Resident is liable for a penalty of 1/38th of the annual fee and remains liable for payment of all outstanding fees for the balance of this contract, provided that the College may in its discretion reduce this liability in light of the circumstances of the Resident’s departure from the College and/or its ability to arrange for another party to fill the vacancy left by the Resident. 4.3 The University’s Fees Statute 2011 (▇▇▇▇://▇▇▇.▇▇▇▇▇.▇▇.▇▇/administration/policies/otago003199.html) applies in respect of amounts due under this contract. The failure to make timely payment of any amounts due may have the consequences described in clause 6.1 of the Statute.