Common use of Fourth Installment Clause in Contracts

Fourth Installment. The amount of the Board’s fourth quarterly payment shall be calculated based upon the number of students enrolled at the Charter School on April 1 of each year, as verified by attendance records, multiplied by one-quarter (.25) of the per capita tuition amount. The fourth quarterly payment shall be made no later than April 15 of each year. It is understood and agreed that the fourth installment for each school year will be remitted only upon the Board receiving all of the information required in this paragraph.

Appears in 4 contracts

Samples: Charter School Agreement, Charter School Agreement, Charter School Agreement

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