Common use of FACILITY DEPOSIT Clause in Contracts

FACILITY DEPOSIT. Sixty (60) days prior to the start of the License Term, Licensee shall pay a sum of fifty percent (50%) of the estimated Facility Fees to ▇▇▇▇. This deposit, of $ , will be credited towards the balance of the Facility Fees.

Appears in 6 contracts

Sources: Facilities License Agreement, Facilities License Agreement, Facilities Academic Year License Agreement