Payment of the Licence Fee. 5.1 The Licence Fee is due at the start of the period. We offer the following payment plan options:
5.1.1 One annual payment on enrolment;
5.1.2 Three termly payments at the start of each term;
5.1.3 By monthly online payment plan (split equally across eight monthly instalments).
5.2 You will receive an invoice from us setting out the amount payable. A payment plan, or payment in full must be paid before you can move into residence.
5.3 The Licence Fee is for the fixed period stated and remains payable if you do not use the Room due to work experience, study tours, illness and other absences. You may claim back the meal cost element of the fee for any period away on study tours or educational exchanges (contact Student Finance).
5.4 You must contact our Student Finance Team straight away if, for any reason, you are unable to make payment in line with your agreed payment plan, so that we can discuss payment options with you, including any residential bursaries or access funds that may apply.
5.5 You agree that if you are more than fourteen days late in making payment of the Licence Fee in line with your agreed payment plan, you may be charged a late payment fee, which will be no greater than interest on the outstanding amount from the date it was late of 3% above the Bank of England Base Interest Rate.
5.6 If you fail to pay in line with your agreed payment plan, the full Licence Fee becomes immediately payable within fourteen days of our written demand for payment. If you fail to make payment within this fourteen-day period and have not made alternative arrangements with our Student Finance Team, we may end the Licence Agreement by serving on you a notice to vacate the Room. You will remain liable for payment of the outstanding amount of the Licence Fee, as set out in clause 9.4.
5.7 Where a guarantor (whether a parent/guardian or other guarantor) has guaranteed the financial obligations in the Licence Agreement, we will require payment from the guarantor should there be any failure to pay the Licence Fee payments or other charges due under the Licence Agreement.
5.8 Any outstanding debt will be subject to our debt recovery procedure and we may pass any unpaid fees or other charges to a debt collection agency. Any outstanding debt will be recoverable from the parent/guardian who has signed the Licence to Occupy, for students under 18, and against the student or their guarantor for students aged 18 and over.
Payment of the Licence Fee. 2.1 An initial assessment (the “Initial Assessment”) of the Licence Fee payable under the Licence shall be made by the Licensor based on the planned KSP Retained Walls to be constructed on the Project (i.e. the Licenced Works). The Initial Assessment will be recorded in the Licence and upon completion by the parties of the Licence the Licensee shall pay to the Licensor an Initial Fee of 80% (eighty per cent) of the Initial Assessment.
2.2 Within 14 days of completion of the Licensed Works the Licensee shall provide the Licensor with details of the Licenced Works as constructed, to permit final assessment (the “Final Assessment”) of the Licence Fee by the Licensor. The Licensee shall provide such supporting evidence, including drawings, as the Licensor may reasonably require, to enable it to make an accurate Final Assessment. The Final Assessment shall be on the same Fee Basis (i.e. A, B or C used for calculation of the Initial Assessment) and once assessed and agreed by the parties, the Licensor shall notify the Licensee of the Final Assessment.
2.3 The Licensee shall, within 28 days of the date of notification of the Final Assessment under clause
Payment of the Licence Fee. 3.1.1 The Licensee shall pay to the Authority within ten Working Days of a demand therefor given by the Authority to the Licensee :-
3.1.1.1 in connection with the exercise by the Authority of its functions in connection with or in consequence of the grant of this Licence such fees as may from time to time be prescribed by the Authority as being payable upon the grant or the coming into force of this Licence; and
3.1.1.2 such payments at times whilst the Licence is in force for any of the purposes of the 1994 Act as may be determined by the Authority therefor; and
3.1.1.3 to the extent that no particular fee is for the time being prescribed by the Authority, such reasonable fees of the Authority (including reasonable administration fees) as it may require, and reasonable expenses incurred by the Authority (including those of any agent appointed by, or consultant of, the Authority and, where appropriate legal fees), in each case in connection with any action taken by the Authority to enforce compliance by the Licensee with any of the terms and conditions of this Licence, (including any action under Sections 31 and 32 of the 1994 Act or for any other purposes of the 1994 Act).
3.1.2 The Licensee shall not, by reason of the determination or partial termination of this Licence, be entitled to be repaid all or any part of any sum payable to the Authority prior to such determination pursuant to this Licence.
