Regularly assessed fees means the nontuition charges regularly assessed against all undergraduate students enrolling at an approved institution.
Maintenance Fees means the non-refundable fees payable annually by Licensee to OT for Support Services;
Equalized assessed value means the assessed value of a property divided by the current average ratio of assessed to true value for the municipality in which the property is situated, as determined in accordance with sections 1, 5, and 6 of P.L.1973, c.123 (C.54:1-35a through C.54:1-35c).
Special Reimbursement Date means, the special payment date established in connection with a Reimbursement under Special Circumstances as described hereunder “Extraordinary Events and Special Circumstances – Reimbursement Under Special Circumstances and Payment”.
Management Fee has the meaning given in Section 4.1.
Assessed value means 1 of the following:
Maintenance Fee The Maintenance Fee (see Contract Schedule I) will be deducted during the Accumulation Period from the Current Value on each anniversary of the date the Account is established and upon surrender of the entire Account.
Phase I means the first part of the tuition incentive assistance program defined as the academic period of 80 semester or 120 term credits, or less, leading to an associate degree or certificate.
Assigned Annual Special Tax means the Special Tax of that name described in Section D.