Common use of Basic Understanding Clause in Contracts

Basic Understanding. The agreement with the University of California, Berkeley stipulates exemption from tuition fees for applicants from Santander Group university members. All other expenses will be underwritten by the students, including registration/health insurance fee, visa documentation preparation fee and visiting student researcher fee. The fee waiver only applies for auditing courses, not for concurrent enrollment which signifies that the students will follow non-degree studies, i.e., students under the agreement will not receive a degree from the University of California, Berkeley and will not be registered as full-time students at the University of California, Berkeley.