Lambda School Europe Ltd. ( definition
Lambda School Europe Ltd. (. Education Provider”), with its registered office located at Globe House, Eclipse Park, ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇ ▇▇▇. EdAid Ltd (“EdAid”), with its principal place of business located at ▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇ on behalf of Education Provider. The minimum total amount payable under this Income Share Agreement is : £ 0 (ZER0) (the “Minimum Total Amount Payable”) The maximum total amount payable under this Income Share Agreement is : £ 25,000 (the “Maximum Total Amount Payable”) This Income Share Agreement is not a loan or other debt instrument. It represents your obligation to pay a specific percentage of your earned income and does not give us any rights regarding your educational or employment pursuits. The total amount you will pay for this ISA will vary depending upon your future earned income. The Income Share Agreement will be effective following (i) the execution of this Income Share Agreement, (ii) EdAid’s confirmation that all conditions to this Income Share Agreement have been satisfied, and (iii) final approval from the Education Provider. 30 Days after getting hired (or immediately if the Student terminates their participation in their Chosen Course or has their Chosen Course terminated early) the Student promises to pay 10% of the Student’s Pre-Tax Income (whether the Student is employed, is self-employed, or has alternative sources of income) via Direct Debit, so long as their Pre-Tax Income exceeds £2000. Student agrees to make payments until the expiry of 48 monthly payments have been made or a total of £25,000 has been paid, whichever occurs first. Payments will be made by the Student on the 1st day of each month. For the avoidance of doubt, the obligation to make payments under this Income Share Agreement hereunder is not in any way contingent upon the type or nature of Student’s employment or the type or amount of Pre-Tax Income.