Common use of Initial Estimate Clause in Contracts

Initial Estimate. Not later than thirty (30) days prior to the end of the student’s Grace Period, student shall provide Informal Income Documentation to establish the Estimated Annual Personal Income. If no such documentation is provided within the time period allowed, Funder will set the Estimated Annual Personal Income to the maximum income for the current year of the contract as specified in Exhibit B.

Initial Estimate. Not later than thirty (30) days prior to the end of the student’s Grace Period, student shall provide Informal Income Documentation to establish the Estimated Annual Personal IncomeStudent’s Individual Earned Income Estimate. If no such documentation is provided within the time period allowed, Student will be charged a fee as described in Exhibit A and Funder will set the Estimated Annual Personal Individual Earned Income Estimate to the maximum income for the current year of the contract as threshold amount specified in Exhibit B.section 10.3.1.