Fee Refund definition

Fee Refund. UCISC shall refund to PA 25% of the annual pre-tax profits arising directly out of the operations of the Northeast (NE) and Columbia East (CE) Clinics from the fee paid to UCISC under the Facilities Agreement dated 8 May, 1984. In addition, PA shall receive a refund of 35% of the annual pre-tax profits after a reduction of $82,000 for NE and $88,000 for CE. With respect to NE, the additional 35% of pre-tax profit above $82,000 will not be effective until five years after the merger of NE with UCISC. UCISC shall also refund, from the fee paid to it under the Facilities Agreement, 35% of the annual pre-tax profits arising directly out of the operations of Clinics other than NE and CE after a reduction of $180,000 for the Seven Oaks Clinic (SO) and a 20% return on investment for any new Clinic (including the cost of all assets acquired and working capital advanced until the Clinic can fund its own operations). These calculations shall be made annually within 120 days after the close of UCISC's fiscal year, and shall be based on financial statements prepared by UCISC's regularly employed CPA. Payment of any facilities fee refund shall be made by UCISC within 30 days following the annual determination of pre-tax profits of the respective Clinics. For any period less than 12 months, the formula for determining annual pre-tax profits and reductions before which PA becomes eligible for the additional 35% refund, shall be prorated.
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Fee Refund means the refund of a Waste Disposal and Recycling Services Fee paid in respect of a Waste Disposal and Recycling Services Plan as calculated in accordance with Schedule “ ” attached to this Bylaw;
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Fee Refund. I understand that course/event/daycare fees will vary and are due upon first day of each class/program. Due to limited space, no refunds will be given after the first night of class attendance or if canceled within one week of class start date. Attendance: Class duration is from 6 – 8 weeks depending on the class you are taking, kindly plan accordingly as we build on behaviors from one week to the next. If an emergency arises and you must miss class, please make arrangements with the instructor for the best time to meet for your make up dates. OSA and its’ instructors reserves the right to remove me and/or my dog from any training group, class or session if it is believed by the trainer, manager or representative of owner that further participation could be unsafe for myself or my dog, any or all of the participants or OSA associates/employees. The balance of the training would be converted to private training.
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Examples of Fee Refund in a sentence

  • The Institute’s Fee Refund Policy The Institute’s Student Complaint Procedures.

  • Any balance on the account will remain as a credit unless the student submits the Fee Refund Request Form found at ▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇/forms/feerefund.

  • To the extent Hermes Agent receives all or any portion of any Hermes Guarantee Fee Refund from Hermes, Hermes Agent shall promptly send such amounts to Administrative Agent for application by Administrative Agent to the prepayment of the Term Loans in accordance with Section 3.4, and such prepayment shall be deemed to have been made by Borrower in accordance with Section 3.4 (provided that, notwithstanding the foregoing, Borrower shall be obligated pay any other amounts specified in Section 3.4).

  • In the event the PSL Agent notifies the Licensee that there is no Comparable Seat(s), then the Licensee shall have the right to terminate this License Agreement upon notice to the PSL Agent, in which event the PSL Agent shall, except as provided in and subject to Section 9 and Section 11 of this Exhibit C, within sixty (60) days following such notice of termination, refund to the Licensee the License Fee Refund Amount.

  • Applications for refunds or partial refunds after this cooling off period will be considered on a case-by-case basis in accordance with our Tuition Fee Refund Policy.

  • If Resident fails to correct such Default within such time, this Agreement shall terminate at the expiration of such thirty (30) days and an Entrance Fee Refund, if any, will be made in accordance with Section V(b)(1)(d), Section V(b)(1)(f) and Section V(b)(2).

  • Messiah Village reserves the right to limit the number of Residency Agreements for any of the Entrance Fee Refund Options.

  • For example, if a Member of the TD Available Balance Consumer Class was assessed two Eligible TD Available Balance Consumer Overdraft Fees, totaling $70.00, and Plaintiffs’ expert determined a Fee Refund Percentage of 10% for the TD Available Balance Consumer Class, the distribution from the Net Settlement Fund to which that Member would be eligible (before any pro rata adjustments) would be $63.00 ($70.00 – ($70.00 * 10%)).

  • SRA Fee Refund in full of the amount already paid by the Resident towards the SRA Fee.

  • This employment agreement is wholly inconsistent with the Asset Purchase Agreement and inconsistent with the employment agreement between ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ and IC Punch Media, Inc.

Related to Fee Refund

  • Processing Fee means the amount to be paid by the Tenderers in consideration of cost of bid document.

  • LTM Fee Revenue has the meaning set forth in Section 7.2.2(c).

  • Unused Facility Fee has the meaning specified in Section 2.09(a).

  • Facility Fee has the meaning specified in Section 2.09(a).

  • Property Management Fee means the fee payable to the Manager for its day-to-day management of the Property pursuant to the Management Agreement.