Termination by Resident Prior to Date of Occupancy Sample Clauses

Termination by Resident Prior to Date of Occupancy. University will refund the Pre-payment in full to Resident’s account within thirty (30) days after the effective date of Resident’s termination if Resident delivers its termination notice by April 1if the License Term begins with the fall semester, by December 1 if the License Term begins with the spring semester, and/or by May 1 if the License Term begins with the summer semester. If Resident’s termination notice is received after the date required in accordance with the immediately preceding sentence, but before the Date of Occupancy (as defined below), University will not charge Resident a Termination Fee, but (i) if Resident is a First Time Resident, the Pre-payment will not be refunded, and (ii) if Resident is not a First Time Resident, Resident’s account will be charged a late cancellation fee of Three Hundred Dollars ($300). For all purposes under this Residence Halls Service Agreement, “Date of Occupancy” means the date identified in the Resource Guide as the earliest date Resident is eligible to take occupancy of the Unit.