TTI Students definition
Examples of TTI Students in a sentence
The Vendor has provided to the Purchaser a list of TTI Students as at March 31, 2008 and will provide to the Purchaser a list of TTI Students as at April 30, 2008 in similar detail no later than May 1, 2008.
In the event one or more TTI Students do not intend to continue their studies with the Purchaser, the Purchaser must within 10 working days of being so advised by the student(s), issue a full tuition refund to the student(s).
The Vendor will be solely responsible for and the Purchaser will not be responsible for liabilities under the TTI Student Contracts that may remain in relation to the provision of educational services that were to be provided by the Vendor to the TTI Students prior to the Closing Date.
By April 30, 2008, if deferred revenue minus accounts receivable from TTI Students registered between April 1 and April 30, 2008 is greater than zero, the Purchase Price will be reduced by the amount equal to deferred revenue minus accounts receivable and the Vendor will pay to the Purchaser the reduction forthwith.
Based on List 1 and List 2, the Vendor determines as of end of the Period, how much revenues is deferred, how much accounts receivable must be reflected in the Interim Financial Statements the amount of the deposits the Vendor is holding on behalf of TTI Students which are shown an a liability.
On the contrary, if deferred revenue minus accounts receivable from TTI Students registered between April 1 and April 30, 2008 is less than zero, the Purchase Price will be increased by the amount equal to accounts receivable minus deferred revenue and the Purchaser will pay to the Vendor the increase forthwith.