Common use of Funding Adjustment for Noncompliance Clause in Contracts

Funding Adjustment for Noncompliance. If the Sponsor receives notice of a FTE or other funding adjustment which is attributable to noncompliance by the School, the Sponsor shall deduct such assessed amount from the next available payment otherwise due to the School. If the assessment is charged near the end of or after the term of the Charter, where no further payments are due to the School, The Sponsor shall provide prompt notice to the School and the School shall reimburse the full amount to the Sponsor within thirty (30) days.

Funding Adjustment for Noncompliance. If the Sponsor receives notice of a an FTE or other funding adjustment adjustment, which is attributable to noncompliance by the School, the Sponsor shall deduct such assessed amount from the next available payment otherwise due to the School. If the assessment is charged near the end of or after the term of the Charter, where no further payments are due to the School, The the Sponsor shall provide prompt notice to the School and the School shall reimburse the full amount to the Sponsor within thirty (30) days.

Funding Adjustment for Noncompliance. If the Sponsor receives notice of a an FTE or other funding adjustment adjustment, which is attributable to noncompliance by the School, the Sponsor shall deduct such assessed amount from the next available payment otherwise due to the School. If the assessment is charged near the end of or after the term of the Charter, where no further payments are due to the School, The the Sponsor shall provide prompt notice to the School and the School shall reimburse the full amount to the Sponsor within thirty (30) days.provide

Funding Adjustment for Noncompliance. If the Sponsor receives 4 notice of a an FTE or other funding adjustment which is attributable to 5 noncompliance by the School, the Sponsor shall deduct such assessed 6 amount from the next available payment otherwise due to the School. If the assessment is charged near the end of or after the term of the Charter, where no further payments are due to the School, The Sponsor shall provide prompt notice to the School and the School shall reimburse the full amount to the Sponsor within thirty (30) days.