Additional Concessions. INCLUDED IF ANY CONCESSIONS ARE OFFERED) FILL IN CHART AS APPROPRIATE FOR THE CONCESSIONS THAT YOU ARE OFFERING. Item Retail Value per Unit Units/Quantity Duration Concession Total Retail Value Savings MUST BE INCLUDED AS DRAFTED BELOW IF ANY OF THESE SPECIFIC CONCESSIONS ARE OFFERED:
Additional Concessions. 5.1 The Hotel will provide the Group with the following additional concessions: If a rebate or commission is included in this Agreement, then the following must be added: Group takes full responsibility for determining whether disclosure of the (rebate or commission) is required and for making such disclosure.
Additional Concessions. 5.1 The Hotel will provide the Group with the following additional concessions [The following is to be considered on a case-by-case basis:], provided that at least 80% of the room nights in the Room Block are occupied and paid for at the Confirmed Room Rates:
Additional Concessions. 5.1 The Hotel will provide the Group with the following additional concessions: ARTICLE VI Room Block Attrition
6.1 If Group’s actual usage slips below (1) 80% of the original Room Block, or (2) 80% of the adjusted Room Block (if any) Group agrees to pay, seventy-five percent of the average group room rate, for each room night by which such Room Block commitment exceeds Group’s actual usage. Such charges shall be added with tax (if applicable) to, and payable as part of, the Master Account.
6.2 The parties agree that (a) the above formula for the Attrition charge is a reasonable estimate of the Hotel’s damages in the event that the room nights in the Room Block are not utilized and (b) the liquidated damages set forth in Section 6.1 do not constitute a penalty.
6.3 The Hotel shall undertake all efforts to resell any unused room nights in the Room Block and shall credit those sales against any attrition charges in accordance with the following formula: In regard to attrition, no room shall be deemed to have been resold on any night unless and until the Hotel first sells all rooms outside of the contracted room block that night, plus all rooms within the originally contracted room block which the group does not use and for which the group owes no amount in accordance with the attrition provision. As to any rooms which are resold, the Hotel will multiply the number of rooms resold each night by the lower of the group’s contracted room rate or the average daily rate achieved by the Hotel that night. The resulting amount will be reduced by twenty-five percent. The resulting amount will be the amount of credit for rooms resold to which the group is entitled on the night in question.
6.4 An audited statement of actual room usage, the number of rooms available in the Hotel for sale and the number of rooms resold by the Hotel for each day of the Meeting shall be provided to the Group upon the billing of any attrition charge.
Additional Concessions. On a quarterly basis for each fiscal quarter of the Asset Grantors, and no later than 30 (thirty) calendar days after the end of such fiscal quarter, each Asset Grantor will give written notice to the Trustee (who must transmit a copy of such notice to the Shared Payment and Collateral Agent) and the Shared Payment and Collateral Agent of the acquisition or identification by such Asset Grantor of any Additional Concessions during such quarter. Notwithstanding that under Clause Fifth above all Concessions (including Additional Concessions) are validly transferred hereto upon execution of this Agreement, within 20 (twenty) Business Days after receipt by the Trustee and Shared Payment and Collateral Agent of the notice mentioned in the preceding paragraph, the Asset Grantors will perfect the transfer of the Additional Concessions by means of the execution and registration of a supplement to this Agreement as described below or otherwise. Within 20 (twenty) Business Days after any assignment limitations contained in the Excluded Concessions are removed, the Asset Grantors will perfect the transfer of the Excluded Concessions to the Trust by means of the execution and registration of a supplement to this Agreement as described below. The abovementioned supplements will be granted before a notary public by the respective Asset Grantors and the Trustee and must be registered in the respective public registries as set forth in Clause Second (e) above. The Asset Grantors will be liable for the registration of the respective supplement hereto in the applicable public registries as set forth in Clause Second (e) above. The Asset Grantors, as the case may be, must deliver to the Trustee or the Shared Payment and Collateral Agent, prior to the expiration of the 20 (twenty) Business Day terms set forth above, such documentation or information relating to the Additional Concessions or Excluded Concessions (including such documentation as is required under laws applicable to such Additional Concessions or Excluded Concessions to perfect the transfer thereof) as the Trustee or the Shared Payment and Collateral Agent may reasonably request.
Additional Concessions. TENANT shall have the non-exclusive right to operate additional concession or mobile stands throughout the park during SPECIAL EVENTS -, typically defined as one- off events, planned and promoted by OWNER or outside organizations and may include festivals, concerts, or other large community gatherings in Xxxxxx Xxxx. TENANT, at its own expense, will be
Additional Concessions. 5.1 The Hotel will provide the Group with the following additional concessions: Group rate(s) reflects a rebate payable to the Group of five percent (5%) for each room night paid for at the group rate(s) of $149 or higher to help offset the cost of meeting expense. Payment or credit for any rebate shall only be made after satisfactory settlement of Group’s Master Account. Rebate can be deducted from Master Account balance. One (1) One-bedroom Luxury Suite, complimentary. ** One (1) One-bedroom Suite, complimentary. ** Up to Fifteen (15) One-bedroom Suites per night, at a daily rate of $219. ** Up to Six (6) Premier room upgrades per night, at the group rate of $149. ** Up to Six (6) One-bedroom Suite upgrades per night, at the group rate of $149. ** Up to Six (6) Deluxe Rooms per night for Staff, at a daily rate of $119. ** Complimentary meeting space, with F&B minimum of $100,000 (exclusive of service charge and tax). F&B items not mentioned in Exhibit A, at 10% discount off hotel’s banquet items in menu provided by Hotel in May 2016. Ten (10) VIP welcome amenities. Five (5) complimentary valet parking passes for designated attendees, with in/out access, over the dates of the meeting; and five (5) additional valet parking passes at a $10 discount from the daily overnight rate, per car per night. Complimentary high speed wireless internet in the guestrooms and the hotel lobby. Complimentary fitness center access for all overnight guests. Wi-Fi in the meeting area, with total allocated 40 Mbps bandwidth, broadcasting "IEEETR" SSID, with group’s security key and no intermediate third-party log-in page, at a flat rate of $2,500; which includes all service charges and taxes, for the entire duration of the meeting (March 22 to April 1, 2018). Two (2) complimentary 2-night stays for planning purposes, based on availability. 10% audio visual discount. Omni select Rewards $600 credit to the Group's Master Account; $1,200 credit if contract is signed by August 31, 2016. ** Guestrooms provided over the dates listed in Section 1.1.
Additional Concessions. 5.1 For the purpose of this Clause 5.1:
Additional Concessions. In consideration of the entire value your Event brings to the Hotel, we are pleased to offer the following concessions based on the achievement of 90% or greater of your Anticipated Sleeping Room Revenue. If the Anticipated Sleeping Room Revenue materializes at less than 90%, the concessions will be reduced proportionately at the discretion of the Hotel or, at your request, provided and charged to your Master Account at retail value, in addition to any damages owed under the Performance policies: Complimentary Parking, valued at $15.00 Complimentary WiFi, valued at $19.95
