Common use of Return Policies Clause in Contracts

Return Policies. If the Student graduates, withdraws from NHS, withdraws from the Program, or is dismissed from NHS, the Parent and the Student agree to return the Computer System to NHS on or before the day the Student graduates, is first withdrawn from NHS, withdraws from the Program or is dismissed from NHS or, in the alternative, the Student and the Parent may purchase the Computer System (but not the educational software on the Computer System) for the balance of all payments remaining under the term of the Agreement, such payment to be paid to NPS on or before the date of withdrawal, graduation or dismissal of the Student. The Student and the Parent also realize and agree that if the Parent and/or the Student withdraws from the Program and/or withdraws or is dismissed from NHS, the Student and the Parent will forfeit the nonrefundable deposit paid with the Registration Form and will also forfeit any and all lease payments that have been made up to the date of withdrawal or dismissal. The Parent and the Student agree to return the Computer System to NHS in the same condition as when the Parent and the Student took possession, reasonable wear and tear excepted as outlined hereinafter in this Agreement. The Parent and the Student understand and agree that NHS may charge a late fee equivalent to the cost of the remaining lease value of the Computer System and/or seek criminal charges or civil damages if the Parent and/or the Student fails to return the Computer System on or before the return date required in this paragraph.