Common use of Program Revenues Clause in Contracts

Program Revenues. For Seller's fiscal year ending on December 31, 1998, the School did not receive greater than eighty-five percent (85%) of its revenues from programs authorized by Title IV or other federal student financial aid funds, and for Seller's fiscal years ending on December 31, 1999, 2000, 2001 and 2002, no greater than ninety percent (90%), of the School's revenues from programs authorized by Title IV or other federal student financial aid funds, and the School satisfies the requirements regarding Title IV program funds established by the DOE as set forth at 34 C.F.R. Section 600.5. The attached Schedule 5.23 contains a correct statement of the School's percentage of revenue from such federal funding sources during each of such fiscal years.

Program Revenues. For each of Seller's fiscal year years ending on December 31November 30, 1998, 1997 and 1996, none of the School did not receive Schools have received greater than eighty-five percent (85%) of its such School's respective revenues from programs authorized by Title IV or other federal student financial aid funds, and for Seller's fiscal years year ending on December 31November 30, 1999, 2000, 2001 and 2002, no greater than ninety percent (90%), of the such School's respective revenues from programs authorized by Title IV or other federal student financial aid funds, and each of the School Schools satisfies the requirements regarding Title IV program funds established by the DOE as set forth at 34 C.F.R. Section 600.5. The attached Schedule 5.23 contains a ------------- correct statement of the each School's percentage of revenue from such federal funding sources during each of such fiscal yearssources.