Common use of Refund Schedule Clause in Contracts

Refund Schedule. In the event of official withdrawal from the University, suspension or mutual consent of the parties to terminate this Agreement, the effective date for calculating a refund on a paid dining plan will be the date of official withdrawal or the date of last meal eaten, whichever is later. a. Academic Year Refunds are made as follows: i. Before Registration Day, 100% refund. ii. A meal plan that has not been used through the second Friday of either Semester, 100% refund. iii. A meal plan that has been used at any time will be charged at the weekly rate for that meal plan for each week up to cancellation. Partial weeks will be rounded up. The weekly rate equals meal plan cost (not including Dining Dollars) divided by number of weeks in the semester. iv. Unused Dining Dollars will be refunded. b. Summer Session refunds will be on a per week basis; unused weeks will be fully refunded.

Appears in 2 contracts

Samples: Room and Board Agreement, Room and Board Agreement

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Refund Schedule. In the event of official withdrawal from the University, suspension or mutual consent of the parties to terminate this Agreement, the effective date for calculating a refund on a paid dining plan will be the date of official withdrawal or the date of last meal eaten, whichever is later. a. Academic Year Refunds are made as follows: i. Before Registration Day, 100% refund. ii. A meal plan that has not been used through the second Friday of either Semester, 100% refund. iii. A meal plan that has been used at any time will be charged at the weekly rate for that meal plan for each week up to cancellation. Partial weeks will be rounded up. The weekly rate equals meal plan cost (not including Dining Dollars) divided by number of weeks in the semester. iv. Unused Dining Dollars will be refunded. b. Summer Session refunds will be on a per week basis; unused weeks will be fully refunded.

Appears in 1 contract

Samples: Room and Board Agreement

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Refund Schedule. In the event of official withdrawal from the University, suspension or mutual consent of the parties to terminate this Agreement, the effective date for calculating a refund on a paid dining plan will be the date of official withdrawal or the date of last meal eaten, whichever is later. a. . Academic Year Refunds are made as follows: i. Before Registration Day, 100% refund. ii. A meal plan that has not been used through the second Friday of either Semester, 100% refund. iii. A meal plan that has been used at any time will be charged at the weekly rate for that meal plan for each week up to cancellation. Partial weeks will be rounded up. The weekly rate equals meal plan cost (not including Dining Dollars) divided by number of weeks in the semester. Silver Plus meal plan holders will be charged at the per meal cost for all meals eaten. iv. Unused Dining Dollars will be refunded. b. Summer Session refunds will be on a per week basis; unused weeks will be fully refunded.

Appears in 1 contract

Samples: Room and Board Agreement

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