Common use of Payment in Installments Clause in Contracts

Payment in Installments. If Licensee elects to pay in installments, Licensor will establish an approved payment plan with Student Financial Services of up to four (4) installment payments over the course of the semester. Licensor will accept Licensee’s installment payment through the Student Financial Services office and allocate any sums received in the following manner - first to satisfy unpaid tuition; second to unpaid mandatory campus fees; third to unpaid housing fees; and finally, to unpaid dining fees. Licensees making each required installment payment by the published due date will be regarded as paying on time. However, Licensee must make all required installment payments in full as scheduled to cover the sum of their housing License Fees. Missed payments will result in the entire unpaid amount for the semester being considered a past due balance, which may be larger than the sum of a single installment payment (the missed payment) due to the allocation of payments received up to that date.

Payment in Installments. If Licensee elects to pay in installments, Licensor will establish an approved payment plan with Student Financial Services of up to four two (42) installment payments over the course of the semesterSummer Housing. Licensor will accept Licensee’s installment payment through the Student Financial Services office and allocate any sums received in the following manner - first to satisfy unpaid tuition; second to unpaid mandatory campus fees; third to unpaid housing fees; and finally, to unpaid dining fees. Licensees making each required installment payment by the published due date will be regarded as paying on time. However, Licensee must make all required installment payments in full as scheduled to cover the sum of their housing License Fees. Missed payments will result in the entire unpaid amount for the semester being considered a past due balance, which may be larger than the sum of a single installment payment (the missed payment) due to the allocation of payments received up to that date.