Common use of Payment in the Event of Release Clause in Contracts

Payment in the Event of Release. If Housing & Residence Life releases a student in writing from his or her obligations under this Agreement, other than pursuant to Section 7 above, and Student continues to be a student at the University, Student shall (i) forfeit his/her Deposit, (ii) pay to the University room and meal plan charges accrued through the date of release, and (iii) pay to the University an early release charge of ten dollars ($10) per day for each day remaining in the term of the License Agreement after the effective date of the release, which early release charge shall be no less than $660 and no more than $1,800 in total.

Appears in 8 contracts

Samples: License Agreement, License Agreement, License Agreement

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