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Student Authorisation To Hold Excess Funds
"I need a Student Authorisation To Hold Excess Funds agreement for an international student who will be depositing £15,000 in advance for the 2025 academic year, with quarterly release provisions and emergency access clauses."
1. Student Details: Full name, student ID, course details, and contact information of the student
2. Institution Details: Name, registration details and contact information of the educational institution
3. Amount Authorization: Specific amount of excess funds to be held and currency details
4. Purpose: Clear statement of reason for holding excess funds and intended use
5. Duration: Period for which the funds will be held, including start and end dates
6. Terms of Release: Conditions and process for the release of funds back to the student
1. Interest Terms: Terms regarding any interest earned on held funds, including calculation method and distribution
2. Emergency Access: Provisions for emergency access to funds, including process and conditions
3. Third Party Authorization: Provisions for authorizing other parties to access or manage the held funds
1. Schedule 1 - Payment Schedule: Detailed breakdown of payment dates, amounts, and release schedule
2. Schedule 2 - Bank Account Details: Institution's designated account information for held funds
3. Schedule 3 - Terms and Conditions: Detailed terms and conditions governing the holding and management of excess funds
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