Common use of First Payment or the Clause in Contracts

First Payment or the. “Deposit”: A first payment of fifty percent (50%) of the total estimated reservation costs for the Licensed Space and all services set forth in the Reservation Confirmation, is due upon submission of the signed License Agreement no later than thirty (30) day past the date sent. If the signed License Agreement and the 50% deposit are not received by GW CLRE within this thirty (30) day period, the reservation and all services set forth in the Reservation Confirmation shall be canceled by the University.

First Payment or the. “Deposit”: A first payment of fifty percent (50%) of the total estimated reservation costs for the Licensed Space and all services set forth in the Reservation Confirmation, is due upon submission of the signed License Agreement no later than thirty (30) day past the date sent. If the signed License Agreement and the 50% deposit are not received by GW CLRE within this thirty (30) day period, the reservation and all services set forth in the Reservation Confirmation shall be canceled cancelled by the University.