Contract Releases Sample Clauses
A Contract Releases clause serves to formally discharge one or both parties from certain obligations or claims under the contract. In practice, this clause may specify that upon completion of specific duties, payment, or other conditions, a party is released from further liability related to the agreement. For example, after a final payment is made, the contractor may be released from any future claims regarding the work performed. The core function of this clause is to provide legal certainty and closure, ensuring that once agreed conditions are met, parties cannot pursue further claims related to the released matters.
Contract Releases. A student may request, in writing, a release from this contract under the following conditions with no penalty if granted.
Contract Releases. A. STUDENT may request release from this Contract for the academic year by submitting a written request for release to the Office of Housing & Residential Programs on or before August 15 for cancellations prior to the start of the fall term. STUDENT may request release from this Contract for spring semester by submitting a written request for release to the Office of Housing & Residential Programs on or before January 10th. Housing & Residential Programs will approve the request ONLY if one or more of the following circumstances exist:
1. STUDENT is a RENEWAL STUDENT, OR STUDENT is a NEW STUDENT who transferred after living in on-campus housing at an institution of higher education for at least 1 year (two long semesters) after graduating high school.
2. STUDENT will graduate or terminate enrollment at the close of the summer session for academic year release or at the end of the fall semester for spring semester release.
3. STUDENT will be married prior to the beginning of the applicable fall or spring semester.
4. STUDENT will turn 21 years of age prior to the beginning of the applicable semester. (Spring contract releases may be subject to Liquidated Damage Charges as specified in XII, C: Contract Releases, in the contractual agreement.)
5. STUDENT will reside with parent, grandparent or sibling, at an established residence, within 70 miles of the UNIVERSITY campus. (Spring contract releases may be subject to Liquidated Damage Charges as specified in XII, C: Contract Releases, in the contractual agreement.)
6. STUDENT obtains approval for Contract release by the Office of Housing & Residential Programs due to a qualifying hardship or other compelling reason that occurred after August 15th for the Academic year/fall semester or after January 10th for spring semester. (Spring contract releases may be subject to Liquidated Damage Charges as specified in XII, C: Contract Releases, in the contractual agreement.)
7. STUDENT has a student teaching, study abroad, or intern assignment that requires residence in another city at a distance greater than 70 miles from the UNIVERSITY campus.
8. STUDENT has at least six months of active-duty military service.
B. STUDENT who qualifies for release from this Contract under provisions (XII)(A)(1), (XII)(A)(2), (XII)(A)(3), and (XII)(A)(7), may be released without penalty upon receiving written approval by the Office of Housing & Residential Programs.
C. If STUDENT receives a release from this Contract under a provision ot...
Contract Releases. Full releases of Seller and Seller's Affiliates from all of their respective obligations under the Contracts set forth on Schedule 9.5 shall have been obtained and shall be in full force and effect.