Common use of School Deposit Clause in Contracts

School Deposit. Upon registration, for its first School Year the Applicant shall pay a refundable School Deposit to the School in the amount as specified in the School Contributions applicable for the actual School Year to secure potential damages caused by the Student to the School's premises, Late room costs, any outstanding student has in the School or other students or any third persons in connection with or during the fulfillment of this Contract. The School is entitled to use the amount of the School Deposit for compensating damages or outstanding's caused by the Student. If during the term of this Contract the School Deposit is used as a whole or in part, the Student is obliged to make payments necessary to fill up the amount of the School Deposit within 5 working days after notification sent by School Finance Manager, to keep it all the time in the amount as specified in the School Contributions. At the time of expiry or termination of this Contract, the School shall refund the amount of the School Deposit not used to cover damages caused by the Student within 30 days of termination of this Contract. The School is entitled to use the amount of the School Deposit to offset against any unpaid Contributions at the time of leaving the Student. If students join BBIS at any time of the year, the registration Contributions must be paid within 5 working days after the acceptance of the place. The deposit will only be returned if the student attends BBIS.

Appears in 2 contracts

Samples: Terms And, Terms And

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School Deposit. Upon registration, registration for its first School Year the Applicant shall pay a refundable School Deposit to the School in the amount as specified in the School Contributions applicable for the actual School Year to secure potential damages caused by the Student to the School's premises, Late room costs, any outstanding student has in the School or other students or any third persons in connection with or during the fulfillment fulfilment of this Contract. The School is entitled to use the amount of the School Deposit for compensating damages or outstanding's ’s caused by the Student. If during the term of this Contract the School Deposit is used as a whole or in part, the Student is obliged to make payments necessary to fill up the amount of the School Deposit within 5 working days after notification sent by School Finance Manager, to keep it all the time in the amount as specified in the School Contributions. At the time of expiry or termination of this Contract, Contract the School shall refund the amount of the School Deposit not used to cover damages caused by the Student within 30 days of termination of this Contract. The School is entitled to use the amount of the School Deposit to offset against any unpaid Contributions at the time of leaving of the Student. If students join BBIS at any time of the year, the registration Contributions must be paid within 5 working days after the acceptance of the place. The deposit Deposit will only be returned if the student attends BBIS. by the School and reasonable notice will be given of any such change, not later than 45 days before the start of the next School Year. School contributions are published on the web site (indicated in Clause 21.2) of the School under 'School Contributions'.

Appears in 1 contract

Samples: Terms And

School Deposit. Upon registration, registration for its first School Year the Applicant shall pay a refundable School Deposit to the School in the amount as specified in the School Contributions fees applicable for the actual School Year to secure potential damages caused by the Student to the School's premises, Late room costs, any outstanding student has in the School or other students or any third persons in connection with or during the fulfillment fulfilment of this Contract. The School is entitled to use the amount of the School Deposit for compensating damages or outstanding's ’s caused by the Student. If during the term of this Contract the School Deposit is used as a whole or in part, the Student is obliged to make payments necessary to fill up the amount of the School Deposit within 5 working days after notification sent by School Finance Business Manager, to keep it all the time in the amount as specified in the School Contributions. At the time of expiry or termination of this Contract, Contract the School shall refund the amount of the School Deposit not used to cover damages caused by the Student within 30 days of termination of this Contract. The School is entitled to use the amount of the School Deposit to offset against any unpaid Contributions fees at the time of leaving of the Student. If students join BBIS at any time of the year, the registration Contributions fees must be paid within 5 working days after the acceptance of the place. The deposit Deposit will only be returned if the student attends BBIS.

Appears in 1 contract

Samples: Terms And

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School Deposit. Upon registration, registration for its first School Year the Applicant shall pay a refundable School Deposit to the School in the amount as specified in the School Contributions applicable for the actual School Year to secure potential damages caused by the Student to the School's premises, Late room costs, any outstanding student has in the School or other students or any third persons in connection with or during the fulfillment fulfilment of this Contract. The School is entitled to use the amount of the School Deposit for compensating damages or outstanding's ’s caused by the Student. If during the term of this Contract the School Deposit is used as a whole or in part, the Student is obliged to make payments necessary to fill up the amount of the School Deposit within 5 working days after notification sent by School Finance Manager, to keep it all the time in the amount as specified in the School Contributions. At the time of expiry or termination of this Contract, Contract the School shall refund the amount of the School Deposit not used to cover damages caused by the Student within 30 days of termination of this Contract. The School is entitled to use the amount of the School Deposit to offset against any unpaid Contributions at the time of leaving of the Student. If students join BBIS at any time of the year, the registration Contributions must be paid within 5 working days after the acceptance of the place. The deposit Deposit will only be returned if the student attends BBIS.

Appears in 1 contract

Samples: Terms And

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