Common use of Complimentary Rooms Clause in Contracts

Complimentary Rooms. Owner acknowledges that in connection with rental promotion activities, Agent will find it necessary and desirable to furnish complimentary rooms from time to time. Owner agrees that Agent may so furnish complimentary rooms when Agent, in its sole discretion, deems it necessary or desirable to do so and that in such event, Agent shall pay an amount representative of ten percent (10%) of the normal unit rental for each apartment unit or units which are used as complimentary rooms, and said ten percent (10%) amount shall be paid pursuant to the terms of this Agreement to the Owner of the respective apartment unit or units whose apartments have been so utilized for complimentary occupancy.

Appears in 7 contracts

Samples: Dedication of Condominium Apartment to Rental Pool and Agency Appointment Agreement (Saddlebrook Resorts Inc), Dedication of Condominium Apartment to Rental Pool and Agency Appointment Agreement (Saddlebrook Resorts Inc), Dedication of Condominium Apartment to Rental Pool and Agency Appointment Agreement (Saddlebrook Resorts Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!