Liquidation Provision. This Agreement is for the term of the Enrollment Period. However, if the Guardians desire to withdraw the Boy from the Academy, they must provide the Academy with a two (2) month written notice prior to the actual withdrawal. If the Guardians withdraw the Boy without giving a two (2) month written notice, or if the Guardians withdraw the Boy before the two (2) month notice has expired, the Guardians will be required to pay the Academy any amount equal to the remaining tuition due under the two (2) month withdrawal notice. This payment is considered by the parties of this Agreement as a reasonable pre-estimate of the probable losses, which would be sustained by the Academy in the event of a withdrawal of the Boy prior to the end of the Enrollment Period. This “loss” amount is not considered by either of the parties to this Agreement as a penalty for early withdrawal of the Boy, but is intended to reimburse the Academy for costs budgeting commitments made by the Academy in connection with the enrollment of the Boy.
Liquidation Provision. The School recognizes and affirms that since Sponsors maintain all parental authority and responsibility, Sponsors can remove the student at will. However, the Sponsors agree to the follow term: Twelve (12) month minimum Enrollment Period. If a student leaves before the 12 months, the Sponsors agree to give the School, in care of Optimum Billing Services, a ninety (90) day written notice via certified mail prior to the actual withdrawal or to pay to the School an amount equal to ninety (90) days payment and the tuition rate as of the day of notice is received will be the same as the non-discounted trial tuition rate. The payment of ninety (90) days at the non-discounted trial tuition rate is considered by the parties to this Agreement as a reasonable pre-estimate of the probable losses which would be sustained by the School in the event of a withdrawal of the student prior to the end of the period. This “loss” amount is not considered by either of the parties to this Agreement as a penalty for early withdrawal of the student, but is intended to reimburse the School for the 12 month discounts given to the parents and the costs or budgeting commitments made by the school in connection with the enrollment of the student. This clause will be waived should the student transfer to another facility recommended by the school or Admission Company servicing this enrollment agreement. In lieu of certified mail, Sponsors may notify the School through Optimum Billing Services through; mail, fax, email, or phone as long as Sponsor receives email verification from Optimum Billing Services that they have received the notice. Again, notice must made via certified mail to Optimum Billing Services unless the Sponsor receives email verification that Optimum Billing has received the notice. Notices must be made to: Optimum Billing Services, 00 Xxxxx Xxxxx Xxxxxx, Xx Xxxxxx, XX 00000, Fax number is 000-000-0000, E-mail address is xxxxxxxxxxxxxx@xxxxxxxxxxxxxxxxxxxxxx.xxx, Phone Number is 000-000-0000. If Optimum Billing receives a ninety (90) day notice via fax, phone call or E-mail, a representative at Optimum Billing will contact the Sponsor via E-mail to confirm the receipt of the notice. The Sponsor agrees that if they do not receive an E-mail confirming the receipt by Optimum Billing, the Sponsor will need to contact Optimum Billing at 000-000-0000 to request another confirmation be sent. The Sponsor further agrees that failure to receive the confirmation of receipt (eithe...
Liquidation Provision. This Agreement is for a twelve (12) month enrollment period. If the Guardians desire to withdraw the Girl from the Ranch, they must provide the Ranch with a three (3) month written notice prior to the withdrawal date. If the Guardians withdraw the Girl without giving a three (3) month written notice, or if the Guardians withdraw the Girl before the three (3) month notice has expired, the Guardians will then be required to pay the Ranch any amount equal to the remaining tuition due under the three (3) month written withdrawal notice. This payment is considered by the parties of this Agreement as a reasonable pre-estimate of the probable losses sustained by the Ranch in the event of a withdrawal of a Girl prior to the end of the 3 month written withdrawal notice. This “loss” amount is not considered by any party to this Agreement as a penalty for early withdrawal of the Girl; it is intended to reimburse the Ranch for costs related to budgeting commitments made by the Ranch in connection with the enrollment of the Girl.
Liquidation Provision. The School recognizes and affirms that since the Sponsor maintains all parental authority and responsibility, the Sponsor can remove the Student at will. However, the Sponsor agrees to the following term: Twelve (12)
