Common use of No Refund Clause in Contracts

No Refund. University has no duty to provide to Member any refund or waiver of fees paid if, during the Term: 1. Member terminates under the Agreement; 2. two or more Consortium Members merge with each other; 3. Member is acquired by another Consortium Member; or 4. any combination of Consortium Member companies results from merger, acquisition or otherwise.

No Refund. University has no duty to provide to any affected Member any refund or waiver of fees any amount paid under the Agreement if, during the Term: 1. the Member terminates under the Agreement; ; 2. two or more Consortium Members merge with each other; 3. a Member is acquired by another Consortium Member; or 4. any combination of Consortium Member companies results from merger, acquisition or otherwise.

No Refund. University has no duty to provide to any affected Member any refund or waiver of fees paid if, during the Term: 1. the Member terminates under the Agreement; ; 2. two or more Consortium Members merge with each other; 3. a Member is acquired by another Consortium Member; or 4. any combination of Consortium Member companies results from merger, acquisition or otherwise.