Refund of Prepayment Sample Clauses

Refund of Prepayment. For Fall 2020: If the student requests release, in writing, to the Residence Life & Housing office, by no later than May 1, 2020, the request will be granted and the full prepayment will be refunded. For cancellation requests that are received in writing to the Residence Life & Housing office from May 2, 2020, through and including June 1, 2020, the student will be released and one half of the prepayment refunded. After June 1, 2020, the student will be subject to the Appeals Board process detailed in Section II, Paragraph B 1. Students released from their agreement after June 1, 2020, prior to opening day for Fall 2020, will forfeit the entire prepayment. Students removed from agreements due to Student Conduct prior to Fall semester will forfeit their prepayments. If a student is academically dismissed from the university prior to move in they will be refunded the full prepayment amount. For Spring 2021 or Summer 2021: Students who submit a written request for release at least two weeks prior to the move-in day for the semester that begins their agreement will be released and the full prepayment will be refunded. Students who provide a written request for release less than two weeks before their designated move-in day and who are released from their agreement will forfeit their entire prepayment. Students who are granted a deferment of the prepayment will be subject to a fee equal to the amount of the prepayment forfeiture if cancellation occurs after June 1. Until released, the resident remains responsible for all applicable room and board fees.
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Refund of Prepayment. For Fall 2016: If the student requests release, in writing, to the Residence Life & Housing office, by no later than May 1, 2016, the request will be granted and the full prepayment will be refunded. For cancellation requests that are received in writing to the Residence Life & Housing office from May 2, 2016, through and including June 1, 2016, the student will be released and one half of the prepayment refunded. After June 1, 2016, the student may be released and the prepayment forfeited only if all existing vacancies, including expanded housing, have been filled and another applicant accepts the vacated space for the duration of the agreement. Students who submit an agreement after May 2, 2016, who are released from the agreement due to written notification from the Residence Life & Housing office, prior to, or on, June 1, 2016, will receive a refund of one half the prepayment. Students who submit an agreement after June 1, 2016, who are released from their agreement, prior to opening day for Fall 2016, will forfeit the entire prepayment. Students removed from agreements due to Judicial Affairs prior to Fall semester will forfeit their prepayments. If a student is academically dismissed from the university prior to move in they will be refunded the full prepayment amount. For Spring 2017 or Summer 2017: Students who submit a written request for release at least two weeks prior to the move-in day for the semester that begins their agreement will be released and the full prepayment will be refunded. Students who provide a written request for release less than two weeks before their designated move-in day and who are released from their agreement will forfeit their entire prepayment. Students who are granted a deferment of the prepayment will be subject to a fee equal to the amount of the prepayment forfeiture if cancellation occurs after June 1. Until released, the resident remains responsible for all applicable room and board fees.
Sample 1
Refund of Prepayment. For Fall 2018: If the student requests release, in writing, to the Residence Life & Housing office, by no later than May 1, 2018, the request will be granted and the full prepayment will be refunded. For cancellation requests that are received in writing to the Residence Life & Housing office from May 2, 2018, through and including June 1, 2018, the student will be released and one half of the prepayment refunded. After June 1, 2018, the student may be released and the prepayment forfeited only if all existing vacancies, including expanded housing, have been filled and another applicant accepts the vacated space for the duration of the agreement. Students who submit an agreement after May 2, 2018, who are released from the agreement due to written notification from the Residence Life & Housing office, prior to, or on, June 1, 2018, will receive a refund of one half the prepayment. Students who submit an agreement after June 1, 2018, who are released from their agreement, prior to opening day for Fall 2018, will forfeit the entire prepayment. Students removed from agreements due to Student Conduct prior to Fall semester will forfeit their prepayments. If a student is academically dismissed from the university prior to move in they will be refunded the full prepayment amount.
Sample 1
Refund of Prepayment. In the case of the Agreement being -------------------- terminated due to a reason solely attributable to Engage, Engage shall refund to Reseller the prepayment for any localized Products not yet delivered at the time of such termination.
Sample 1
Refund of Prepayment a. After any one of the following enumerated occurrences below and notice from Siemens, UBI shall within 60 days reimburse Siemens such of the prepayment amounts referred to in Section 2(a) of this letter that relate to corresponding milestones in Section 2(a) which have not been achieved as [***] DENOTES CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT at the date Siemens gives the foregoing notice, or, at Siemens’ sole discretion, after such notice Siemens may unilaterally deduct and offset said amounts from any amounts owed by Siemens to UBI, including, without limitation, payments for Product ordered under the Supply Agreement:
Sample 1
Refund of Prepayment. If the IO calls for Company to prepay Affiliate and Company terminates the IO or Agreement for any reason, Affiliate shall refund any unused amount of the pre-payment within ten (10) business days after receipt of the notice of termination.
Sample 1
Refund of Prepayment. If for any reason the Student voluntarily or involuntarily ceases to be full-time matriculated undergraduate student at the University, the Applicant shall be entitled to a refund as follows: • The amount determined by multiplying (i) the number of unused semesters, excluding any semester during which withdrawal occurs, over the total number of semesters pre-paid; (ii) by the prepayment made pursuant to Paragraph C, above. The refund shall not include any interest on the prepayment. • Any refund available for a semester during which withdrawal occurs shall be made in accordance with the University semester tuition refund policy in effect for the semester in which the Student withdraws. • The University shall have the right to offset any tuition or non-tuition charges incurred by the student prior to making any applicable refund.
Sample 1
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Related to Refund of Prepayment

  • Notice of Prepayment Borrower shall notify the Administrative Agent (and, in the case of prepayment of a Swingline Loan, the Swingline Lender) by telephone (confirmed by telecopy) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, one Business Day before the date of prepayment, (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 a.m., New York City time, one Business Day before the date of prepayment or (iii) in the case of prepayment of a Swingline Loan, not later than 11:00 a.m., New York City time, on the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date, the principal amount of each Borrowing or portion thereof to be prepaid and, in the case of a mandatory prepayment, a reasonably detailed calculation of the amount of such prepayment. Promptly following receipt of any such notice (other than a notice relating solely to Swingline Loans), the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02, except as necessary to apply fully the required amount of a mandatory prepayment. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.06.

  • Notice of Prepayments The Borrower shall notify the Administrative Agent by telephone (confirmed by telecopy) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, three Business Days before the date of prepayment or (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 a.m., New York City time, one Business Day before the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid and, in the case of a mandatory prepayment, a reasonably detailed calculation of the amount of such prepayment; provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Revolving Commitments as contemplated by Section 2.07, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.07; provided further that, the Borrower may deliver a conditional prepayment notice subject to the proviso in Section 2.07(c). Promptly following receipt of any such notice, the Administrative Agent shall advise the Lenders of the contents thereof.

  • Application of prepayment The provisions of Clause 8 shall apply in relation to the prepayment.

  • Allocation of Prepayments Before any optional or mandatory prepayment of Borrowings hereunder, the Borrower shall select the Borrowing or Borrowings to be prepaid and shall specify such selection in the notice of such prepayment pursuant to Section 2.10(f).

  • Application of Prepayments Prior to any optional or mandatory prepayment hereunder, the Borrower shall select the Borrowing or Borrowings to be prepaid and shall specify such selection in the notice of such prepayment pursuant to Section 2.10(i), subject to the provisions of this Section 2.10(h). Any prepayments of Term Loans pursuant to Section 2.10(a) shall be applied as directed by the Borrower. Any prepayments pursuant to Section 2.10(c), (d), (e) and (f), shall be applied pro rata amongst each Tranche of outstanding Term Loans and, within each Tranche, first, to accrued interest and fees with respect to Term Loans being prepaid and second, to reduce the remaining principal amount of the Term Loan (or any equivalent provision applicable to any Tranche of Term Loans extended hereunder after the Closing Date), in direct order of maturity). After application of mandatory prepayments of Term Loans described above in this Section 2.10(h) and to the extent there are mandatory prepayment amounts remaining after such application, such amounts shall be applied, first, to ratably reduce outstanding Revolving Loans in an aggregate amount equal to such excess (without a corresponding reduction of the Revolving Commitments) and, second, to ratably cash collateralize any outstanding Letters of Credit in an aggregate amount equal to such excess (without a corresponding reduction of the Revolving Commitments), and the Borrower shall comply with Section 2.10(b). Amounts to be applied pursuant to Section 2.10(h) to the prepayment of Term Loans or Revolving Loans shall be applied, as applicable, first to reduce outstanding ABR Loans. Any amounts remaining after each such application shall be applied to prepay Eurodollar Loans, as applicable. Notwithstanding the foregoing, if the amount of any prepayment of Loans required under this Section 2.10 shall be in excess of the amount of the ABR Loans at the time outstanding (an “Excess Amount”), if the Borrower has given notice to the Lenders of such prepayment and the Lenders have indicated to the Borrower that breakage payments shall be required under Section 2.13 in respect of such Excess Amount, only the portion of the amount of such prepayment as is equal to the amount of such outstanding ABR Loans shall be immediately prepaid and the Excess Amount shall be either, at the election of the Borrower, (A) deposited in an escrow account (which account shall be subject to a Control Agreement reasonably satisfactory to the Administrative Agent) and applied to the prepayment of Eurodollar Loans on the last day of the then next-expiring Interest Period for Eurodollar Loans; provided that (i) interest in respect of such Excess Amount shall continue to accrue thereon at the rate provided hereunder for the Loans which such Excess Amount is intended to repay until such Excess Amount shall have been used in full to repay such Loans and (ii) at any time while an Event of Default has occurred and is continuing, the Administrative Agent may, and upon written direction from the Required Lenders shall, apply any or all proceeds then on deposit to the payment of such Loans in an amount equal to such Excess Amount or (B) prepaid immediately, together with any amounts owing to the Lenders under Section 2.13. Notwithstanding anything herein to the contrary, with respect to any prepayment under Section 2.10(c), (e) or (f), the Borrower may use a portion of the Net Cash Proceeds to prepay or repurchase Permitted Pari Passu Refinancing Debt and any other senior Indebtedness in each case secured by the Collateral on a pari passu basis with the Liens securing the Obligations (the “Applicable Other Indebtedness”) to the extent required pursuant to the terms of the documentation governing such Applicable Other Indebtedness, in which case, the amount of the prepayment required to be offered with respect to such Net Cash Proceeds pursuant to Section 2.10(c), (e) or (f) shall be deemed to be the amount equal to the product of (x) the amount of such Net Cash Proceeds multiplied by (y) a fraction, the numerator of which is the outstanding principal amount of Term Loans required to be prepaid pursuant to Section 2.10(c), (e) or (f) and the denominator of which is the sum of the outstanding principal amount of such Applicable Other Indebtedness and the outstanding principal amount of Term Loans required to be prepaid pursuant to Section 2.10(c), (e) or (f).

  • Repayment Prepayment and Cancellation 6 REPAYMENT

  • Payment Prepayment All payments shall be made in lawful money of the United States of America at such place as the Holder hereof may from time to time designate in writing to the Company. Payment shall be credited first to the accrued interest then due and payable and the remainder applied to principal. Prepayment of this Note may be made at any time without penalty.

  • Optional Prepayment (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing, in whole or in part, upon at least three Business Days’ prior written or fax notice (or telephone notice promptly confirmed by written or fax notice) in the case of Eurodollar Loans, or written or fax notice (or telephone notice promptly confirmed by written or fax notice) at least one Business Day prior to the date of prepayment in the case of ABR Loans, to the Administrative Agent before 11:00 a.m., New York City time; provided, however, that each partial prepayment shall be in an amount that is an integral multiple of $1,000,000 and not less than $3,000,000.

  • Notice of Optional Prepayment The Company shall give the holder of each Note of a Series to be prepaid pursuant to paragraph 4C irrevocable written notice of such prepayment not less than 10 Business Days prior to the prepayment date, specifying such prepayment date, the aggregate principal amount of the Notes of such Series to be prepaid on such date, the principal amount of the Notes of such Series held by such holder to be prepaid on that date and that such prepayment is to be made pursuant to paragraph 4C. Notice of prepayment having been given as aforesaid, the principal amount of the Notes specified in such notice, together with interest thereon to the prepayment date and together with the Yield-Maintenance Amount, if any, herein provided, shall become due and payable on such prepayment date. The Company shall, on or before the day on which it gives written notice of any prepayment pursuant to paragraph 4C, give telephonic notice of the principal amount of the Notes to be prepaid and the prepayment date to each Significant Holder which shall have designated a recipient for such notices in the Purchaser Schedule attached hereto or the applicable Confirmation of Acceptance or by notice in writing to the Company.

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