Facilitated Payment Sample Clauses
A Facilitated Payment clause defines the terms under which one party may make payments on behalf of another, often to expedite transactions or fulfill contractual obligations. This clause typically outlines the circumstances in which such payments are permitted, the process for reimbursement, and any limitations or approvals required. Its core practical function is to streamline financial transactions and ensure that obligations are met promptly, thereby reducing administrative delays and potential disputes over payment responsibilities.
Facilitated Payment. 2.1 The Accommodation agrees and acknowledges that ▇▇▇▇▇▇▇.▇▇▇ may from time to time and in certain jurisdictions facilitate certain payment methods for the (pre-/down-) payment of the Room Price (as defined below) by Guests to the Accommodation pursuant to which (as available) bank transfer, credit card payments or other forms of online payment can be made and processed for and on behalf of the Accommodation (the "Facilitated Payment"). ▇▇▇▇▇▇▇.▇▇▇ may from time to time engage a third party to facilitate and process the payment (the "Payment Processor"). Facilitated Payment under this Annex 2A involves ▇▇▇▇▇▇▇.▇▇▇ acting as agent for the Accommodation in respect of the receipt of payments from Guests and the transfer of such payments to the Accommodation. Any payment made by a Guest to ▇▇▇▇▇▇▇.▇▇▇ as agent for the Accommodation shall satisfy and discharge a corresponding amount of the Guest's debt to the Accommodation. To the extent permitted by law, Parties agree that for each payment transaction processed to or for the benefit of the Accommodation, ▇▇▇▇▇▇▇.▇▇▇ may (cross) charge to or require compensation from the Accommodation (for) its costs and expenses (including the fees, costs and other amounts as charged by its payment processors, banks or credit card companies for such transaction), plus taxes (if applicable), for and related to the Facilitated Payment service and the underlying payment transaction(s). Payment shall be due in accordance with the terms of the invoice.
2.2 The Accommodation agrees and acknowledges that for each reservation, the total amount of the reservation (including all applicable taxes, fees, extras and add-ons made or included prior to check-in (e.g. breakfast) to the extent disclosed to ▇▇▇▇▇▇▇.▇▇▇ by the Accommodation (unless indicated otherwise by ▇▇▇▇▇▇▇.▇▇▇)) (the "Room Price") will be collected and processed by the Payment Processor (and insofar as applicable, in accordance with the payment policy of the Accommodation for the relevant reservation and disclosed on the Platform).
2.3 The Accommodation agrees and acknowledges that ▇▇▇▇▇▇▇.▇▇▇ may from time to time use and utilize the Facilitated Payment (including other (online) payment methods such as virtual credit cards) for (i) (pre-/down-) payment of the Room Price by the Guest to the Accommodation through the Payment Processor in final settlement of such payment, and (ii) settlement and payment of (a) the due and outstanding Commission by offsetting the due and outs...
Facilitated Payment. 2.1. The Accommodation agrees and acknowledges that ▇▇▇▇▇▇▇.▇▇▇ may from time to time and in certain jurisdictions make available on the Platform certain payment methods for the (pre-/down-) payment of the Room Price (as defined below) by Guests pursuant to which (as available) bank transfer, credit card payments or other forms of online payments can be made and processed for and on behalf of the Accommodation ("Facilitated Payment").
Facilitated Payment. The Accommodation hereby agrees, acknowledges and accepts (and hereby acknowledges the receipt of) the Facilitated Payment Terms (as set out in Annex 2 and as may be amended from time to time with 15 days prior written notice) for facilitation of payment of the room price by the Guest to the Accommodation and settlement of the Commission (all as applicable).