Block Rate Credit (“BRC”) is a program completion credit and given is to students who deposit $1,500.00 at a time and is applied towards program completion only. What that means is that “BRC” is not redeemable in cash as these are credits provided by OCFC towards program completion AND can only be applied towards the cost of flight training and aircraft rental. Furthermore, “BRC” is never to be applied to negative accounts. Any monies paid should first be applied to bring an account to positive or zero and only after which a student will be eligible for “BRC”. What does this mean? If, for example, a student on the day of the flight is either negative, zero balance or has a balance that is positive, but if he flies that day without pre- paying on his account and his account will become negative, he must pay up before the day ends. However, If an account is left negative overnight then no “BRC” will be applied until his account is zeroed out or is brought current. Please note, from here onward we will have zero tolerance to negative accounts which means a renter or student cannot fly or an aircraft SHALL NOT BE DISPATCHED without an account being current or in positive status. Effective immediately, OCFC will not dispatch an aircraft when the renter has accumulated a negative account. The dispatcher who dispatches an aircraft when there is an outstanding balance shall be personally responsible and held liable for the negative account in an amount equal to the resultant negative amount at least until the account is brought current by the renter/student. If for some reason inadvertent an account becomes negative, it must be brought to a zero status or positive within seven days from the date the account becomes negative, failing which either the student and/or the dispatcher will have to assume full responsibility for the losses incurred by OCFC.