The Deposit Fee Sample Clauses

The Deposit Fee clause establishes the requirement for one party to pay a specified sum upfront as a deposit in connection with a contract or agreement. Typically, this fee is paid at the outset to secure a reservation, demonstrate commitment, or cover initial costs, and may be refundable or non-refundable depending on the terms. Its core practical function is to ensure that the party receiving the deposit has some financial assurance of the other party’s intent to proceed, thereby reducing the risk of last-minute cancellations or non-performance.
The Deposit Fee except in the case of a fully funded 2YO place, the deposit fee of £400 will be charged once a place has been confirmed, to be held without payment of interest. This is refunded once the child has been withdrawn with all necessary notices given and all fees paid. We reserve the right to apply the deposit fee in payment or part payment of any fee that are overdue for payment.
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Related to The Deposit Fee

  • The Deposit The Tenant shall pay to Choose an item £0.00 (zero pounds) in cleared funds not less than 72 hours prior to the commencement of this Tenancy as a Deposit*. The Deposit to be held by the Choose an item as Stakeholder. At the end of the Tenancy the Landlord’s Agent shall return the Deposit to the Tenant subject to the rules set out in this Agreement.

  • Late Fee All overdue accrued and unpaid interest to be paid hereunder shall entail a late fee at an interest rate equal to the lesser of 18% per annum or the maximum rate permitted by applicable law (the “Late Fees”) which shall accrue daily from the date such interest is due hereunder through and including the date of actual payment in full.

  • Late Payment Fee Students will be assessed a late payment fee if acceptable payment arrangements are not made by the due date indicated on the statement. Acceptable payment arrangements include payment in full, pending financial aid, approved third-party billing (i.e. veterans) and an active and current payment plan with the Bursar’s Office.