Common use of School Deposit Clause in Contracts

School Deposit. Upon registration for its first School Year the Student shall pay a refundable School Deposit to the School in the amount as specified in the Schedule of Fees applicable for the actual School Year to secure potential damages caused by the Student to the School's premises, the School or other students or any third persons in connection with or during the fulfilment of this Contract. The School is entitled to use the amount of the School Deposit for compensating damages caused by the Student. If during the term of this Contract the School Deposit is used as a whole or in part, for the notification of the School the Student is obliged to make payments necessary to fill up the amount of the School Deposit again until a reasonable deadline as specified by the School to keep it all the time in the amount as specified in the Schedule of Fees. 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 fees at the time of leaving of the Student.

School Deposit. Upon registration for its first School Year the Student shall pay a refundable School Deposit to the School in the amount as specified in the Schedule of Fees applicable for the actual School Year to secure potential damages caused by the Student to the School's ’s premises, the School or other students or any third persons in connection with or during the fulfilment of this Contract. The School is entitled to use the amount of the School Deposit for compensating damages caused by the Student. If during the term of this Contract the School Deposit is used as a whole or in part, for the notification of the School the Student is obliged to make payments necessary to fill up the amount of the School Deposit again until a reasonable deadline as specified by the School to keep it all the time in the amount as specified in the Schedule of Fees. 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 fees at the time of leaving of the Student.