Booking Deposits Clause Samples
The Booking Deposits clause establishes the requirement for a client to pay a specified deposit amount to secure a reservation or booking. Typically, this clause outlines when the deposit must be paid, whether it is refundable or non-refundable, and the consequences of failing to pay on time, such as loss of the reservation. Its core function is to provide assurance to the service provider that the client is committed, while also protecting the provider from last-minute cancellations or no-shows.
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Booking Deposits. (Opal Court and The Grange): On acceptance of your Residential Agreement you agree to pay the Booking Deposit in accordance with the payment terms set out in the Schedule 1.
Booking Deposits. Existing Members and Investor shall receive a credit at Closing for advance payments and deposits, if any, under Bookings to the extent the Bookings relate to a period after the Closing Proration Time in proportion with their respective Pro Rata Shares. Investor acknowledges that Company shall assume and honor for its account all Bookings relating to dates after the Closing Proration Time provided that Existing Members provide a written account to Investor of all such Bookings at the Closing.
Booking Deposits. Advance payments and deposits, if any, for Bookings that relate to a period after the Closing Proration Time shall be allocated to the Post-Amendment Partnership. The Post-Amendment Partnership shall assume and honor for its account all Bookings relating to dates after the Closing Proration Time provided that Partnership provides a written account to Strategic of all such Bookings at the Closing.
Booking Deposits. Seller shall retain all advanced payments and deposits for all Bookings, and Buyer shall receive a credit at Closing for advance payments and deposits, if any, under Bookings to the extent the Bookings relate to a period after the Closing Proration Time. Buyer shall assume and honor for its account all Bookings relating to dates after the Closing Proration Time provided that Seller provides a written account to Buyer of all such Bookings at the Closing.