PEI’s Undertaking to have FPS Sample Clauses

PEI’s Undertaking to have FPS. The PEI hereby confirms and undertakes to the Student that it has in place a Fee Protection Scheme as stipulated by the Council for Private Education (CPE) (the “FPS”) by way of an escrow account / insurance facility*. PEI-appointed FPS provider : Lonpac Insurance Bhd
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PEI’s Undertaking to have FPS. The PEI hereby confirms and undertakes to the Student that it has i n place a Fee Protection Sc he me as stipulated by the Council for Private Education (CPE) (the “ FPS ”) by w ay of an escrow account / i nsurance facility *. PEI-appoi nted FPS provider : NO T APPLICABLE FO R NON-EDUTRUST PEI 3.2 The PEI hereby undertakes to the Stude nt that as stipulated under the FPS, the PEI shall collect fees i n equal instalme nt amounts from the Student w ith eac h collection not ex ceeding the collection cap c alcul ated according to the follow ing formul a*: (i) EduTrust-Certified PEI (12- mont h) X/Z x 12 = ( ) (ii) Non-EduTrust-Certified PEI (6-mo nth) Y/Z x 6 = ( ) (PEI is a member of the i ndustry -w ide course fee protection scheme under E nhanced Registration Framew ork or has put in place the FPS i n the for m of an escrow account or insur ance facility ) (iii) Non-EduTrust-Certified PEI (2-mo nth) Y/Z x 2 = ( ) (PEI is not a member of the industry -w ide course fee protection sche me under E nhance d Re gistration Framew ork and has not put in plac e the FPS in the form of an escrow account or i nsurance facility) w here X is the total amount of the pay able Course Fees set out i n Sc hedule 2.1; Y is the course fees under the E nhance d Registration Framew ork; and Z is the total duration of Course (in months) as stipulated i n Clause 1.4.
Sample 1

Related to PEI’s Undertaking to have FPS

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