Prorated Refund definition

Prorated Refund. Students injured or having special extenuating circumstances during the same activity season will receive a prorated refund, the amount of which will be determined by the coach and athletic director/administrator.

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Prorated Refund means the product of X and Y (where X is the license fee paid by Licensee to Licensor divided by the total number of months in the term of this Agreement and Y is the number of months remaining for the term of this Agreement). A "Change of Control" of Licensee shall be deemed to have occurred when outstanding voting securities of Licensee (or, if applicable, of its parent company) are sold or transferred in one or a series of transactions with the effect that the existing stockholders hold less than a majority of voting power entitled to vote in the election of directors of Licensee (or, if applicable, its parent company); provided, however, that a Change of Control shall not be deemed to have occurred solely by reason of (i) a Change of Control which results from issuance of shares in a public offering (other than pursuant to a merger or other

Prorated Refund means a refund of tuition paid for that portion of the program not completed by the student. The prorated tuition for which the student will be charged is determined by dividing the tuition paid or owed by the total number of course chapters, then multiplying by the number of chapters accessed.

Examples of Prorated Refund in a sentence

• If Licensor exercises its right to terminate this Agreement pursuant to this Section 13, Licensor shall refund to Licensee a Prorated Refund (as defined herein), except if the Change of Control involves a Competitor (as defined herein) of Licensor.

• Prorated Refund Schedule Years Since Purchase % Purchase Price Covered Years 1 - 6 100% Years 7 - 10 80% Years 11 - 14 60% Years 15 - 18 40% Years 19 - 21 20% Years 22 - 25 10% The Warranty does not apply to any product that: • Is damaged by physical abuse, acts of God, acts of war, exposure to acid rain or other chemical or biological factors.

• Replacement Costs will be prorated as set forth in the "Prorated Refund Schedule" and based off of the reasonable and customary Replacement Costs on the date of the original purchase.

• If this Admission Agreement is terminated in the middle of a month per Section 7 of this agreement, or the resident has an emergency temporary placement per Section 8 of this agreement, or the resident passes away, the resident’s charges will be handled as follows: Name of Person to Receive Prorated Refund from the Provider: .

• Pro-rata refund is calculated as follows: - Number of months left of Service Maintenance Plan X Price of Service = X – Applicable fees as set out in Section B (where relevant) + Any outstanding Agreement charges = Pro-rated Refund Notice of termination shall be in writing and given at least thirty (30) days prior to termination with the relevant reason(s) and stating clearly the effective date of termination.

More Definitions of Prorated Refund

Prorated Refund means that the student will be responsible for paying their tuition and fees up until the date they dropped the course(s) and will be eligible for a refund from the withdrawal date to the end of the term.