Common use of Authorisation and guaranteed reservation Clause in Contracts

Authorisation and guaranteed reservation. 15.2.1. Authorisation on pickup of the vehicle 15.2.1.1. The car rental firm must request Authorisation or Pre-Authorisation in connection with the Card- holder’s pickup of the hire vehicle. The authorisa- tion amount is calculated based on the following information: a) Expected duration of the hire period b) The vehicle’s hire price c) Taxes and fees d) Price per kilometre 15.2.1.2. The car rental firm must not include any additional amounts or funds intended to cover potential dam- age in its Authorisation. 15.2.1.3. The car rental firm must inform the Cardholder of the Authorised amount at the time the car is hired. Should the Cardholder’s cost for hire during the hire period exceed the amount Authorised, e.g. through an extension of the hire period, the car rental firm is entitled to request an Incremen- tal Authorisation for the difference between the amount already Authorised and the expected new amount until such time as the vehicle is returned. An Incremental Authorisation is a MIT.

Appears in 3 contracts

Samples: Acquiring Agreement, Acquiring Agreement, Acquiring Agreement

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Authorisation and guaranteed reservation. 15.2.1. Authorisation on pickup of the vehicle 15.2.1.1. The car rental firm must request Authorisation or Pre-Authorisation authorisation in connection with the Card- holderCardholder’s pickup of the hire vehicle. The authorisa- tion authorisation amount is calculated based on the following information: a) Expected duration of the hire period b) The vehicle’s hire price c) Taxes and fees d) Price per kilometre 15.2.1.2. The car rental firm must not include any additional amounts or funds intended to cover potential dam- age damage in its Authorisation.. Acquiring – terms and conditions 15 / 25 15.2.1.3. The car rental firm must inform the Cardholder of the Authorised amount at the time the car is hired. Should the Cardholder’s cost for hire during the hire period exceed the amount Authorised, e.g. through an extension exten- sion of the hire period, the car rental firm is entitled to request an Incremen- tal additional Authorisation for the difference between the amount already Authorised and the expected new amount until such time as the vehicle is returned. An Incremental Authorisation is a MIT.

Appears in 1 contract

Samples: Acquiring Agreement

Authorisation and guaranteed reservation. 15.2.1. Authorisation on pickup of the vehicle 15.2.1.1. The car rental firm must request Authorisation or Pre-Authorisation authorisation in connection with the Card- holderCardholder’s pickup of the hire vehicle. The authorisa- tion authorisation amount is calculated based on the following information: a) Expected duration of the hire period b) The vehicle’s hire price c) Taxes and fees d) Price per kilometre 15.2.1.2. The car rental firm must not include any additional amounts or funds intended to cover potential dam- age damage in its Authorisation. 15.2.1.3. The car rental firm must inform the Cardholder of the Authorised amount at the time the car is hired. Should the Cardholder’s cost for hire during the hire period exceed the amount Authorised, e.g. through an extension exten- sion of the hire period, the car rental firm is entitled to request an Incremen- tal Incremental Authorisation for the difference differ- ence between the amount already Authorised and the expected new amount until such time as the vehicle is returned. An Incremental Authorisation is a MIT.

Appears in 1 contract

Samples: Acquiring Agreement

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Authorisation and guaranteed reservation. 15.2.1. Authorisation on pickup of the vehicle 15.2.1.1. The car rental firm must request Authorisation or Pre-Authorisation in connection with the Card- holderCardholder’s pickup of the hire vehicle. The authorisa- tion authorisation amount is calculated based on the following information: a) Expected duration of the hire period b) The vehicle’s hire price c) Taxes and fees d) Price per kilometre 15.2.1.2. The car rental firm must not include any additional amounts or funds intended to cover potential dam- age damage in its Authorisation. 15.2.1.3. The car rental firm must inform the Cardholder of the Authorised amount at the time the car is hired. Should the Cardholder’s cost for hire during the hire period exceed the amount Authorised, e.g. through an extension exten- sion of the hire period, the car rental firm is entitled to request an Incremen- tal additional Authorisation for the difference between the amount already Authorised and the expected new amount until such time as the vehicle is returned. An Incremental Authorisation is a MIT.

Appears in 1 contract

Samples: Acquiring Agreement

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