Common use of Overseas float Clause in Contracts

Overseas float. If the parents reside outside the United Kingdom and the Pupil does not have direct access to a UK bank account, the Parents shall provide to the School a float of £1,000. Funds will only be released from the float with the express permission of the Parent(s) or guardian. Any balance remaining in the float will be repaid by means of a credit without interest to the final payment of Fees or other sums due to the School on leaving.

Overseas float. If the Where parents reside outside the United Kingdom and the Pupil pupil does not have direct access to a UK local bank account, the Parents shall provide to the School parents should deposit a float of £1,0001,000 with the School. Funds will only be released from the float with the express permission of the Parent(s) a parent or guardian. Any balance remaining in the float will be repaid by means of a credit without interest to the final payment of Fees or other sums due to the School on leaving.