Common use of Additional Deposit Clause in Contracts

Additional Deposit. For reasons of administration, the School reserves the right to require payment by the Parents of the Additional Deposit in the case of a Student whose normal residence is outside the United Kingdom. The Additional Deposit will be retained in the general funds of the School until the Student leaves and will be repaid without interest after the Student's last Term, after the deduction of any amounts owed to the School unless stated otherwise in this Agreement. Please also see clause 9.13 which explains what you need to do if you wish to withdraw your acceptance of a place before the Student joins the School.