Common use of Master Accounts Clause in Contracts

Master Accounts. OPTION #1 (For Hilton Accounts that Have Established Credit Approval): Group currently has credit with the Hotel and the Hotel will provide Master Account billing for charges incurred during your Event, subject to the deposit schedule below. We would like to review this account with you daily and have charges approved in writing by you or your designee to eliminate discrepancies, however failure on your part to review charges while on site will not be a basis for disputing any charge. Group agrees to pay no less than 50% of the total estimated Master Account charges according to the following deposit schedule: Initial Deposit No later than <amount> days after receipt of a final signed Agreement from Hotel $«deposit_due» (suggested minimum 10% of anticipated revenue based on total anticipated revenue, not master billed) Second Deposit <date> $<amount> (aligned with second tier of cancellation) Third Deposit <date> $<amount> (aligned with 90 day cancellation) OPTION #2 (For Hilton Accounts That Require Credit Approval): It is our understanding you want to establish credit with us for the Master Account charges for this Event. Please complete the enclosed credit application and return it to <enter name>, Credit Manager. If the application is not received by <date> or not approved, you agree that the total estimated Master Account charges are to be paid by company check, certified check or wire transfer for the entire estimated charges no later than <amount> days in advance of Group’s arrival date. On receipt and approval of the credit application, a Master Account will be set up for this Event. We would like to review this account with you daily and have charges approved in writing by you or your designee to eliminate discrepancies, however failure on your part to review charges while on site will not be a basis for disputing any charge. Group agrees to the following deposit schedule: Initial Deposit No later than <amount> days after receipt of a final signed Agreement from Hotel $«deposit_due» (suggested minimum 10% of anticipated revenue based on total anticipated revenue, not master billed) Second Deposit <date> $<amount> (aligned with second tier of cancellation) Third Deposit <date> $<amount> (aligned with 90 day cancellation) If credit has not been approved for your Event, then no later than 30 days in advance of arrival, or <date>, you will either provide us with a valid credit card to which all remaining estimated Master Account charges will be charged on that date, or provide payment of all remaining estimated Master Account charges by company check, certified check, wire transfer or credit card. OPTION #3 (For accounts or hotels that Require Full Advance Payment): Group agrees to the following deposit schedule: Initial Deposit No later than <amount> days after receipt of a final signed Agreement from Hotel $«deposit_due» (suggested minimum 10% of anticipated revenue based on total anticipated revenue, not master billed) Second Deposit <date> $<amount> (aligned with second tier of cancellation) Third Deposit <date> $<amount> (aligned with 90 day cancellation) No later than 30 days in advance of arrival, or <date>, you will either provide us with a valid credit card to which all remaining estimated Master Account charges will be charged on that date, or provide payment of all remaining estimated Master Account charges by company check, certified check, wire transfer or credit card. <USE THE FOLLOWING WITH ANY OPTION FROM ABOVE> We reserve the right to increase the amount of deposits and/or pre-payments should there be a negative change in your financial status, even if credit had previously been approved. If advance payments or deposits are not paid on a timely basis, the Hotel will have the right, at our option, to consider the Agreement cancelled and we will be entitled to cancellation damages as provided in this Agreement. If you are paying by credit card, we request that you provide us with your credit card information at the time of your Event so that we may charge the credit card account at departure. If any charges are disputed, you agree to provide us with an itemized list of disputed charges so that we may charge the undisputed charges to the credit card account immediately and the remainder will be charged upon resolution. If payment of all undisputed charges is not received within thirty (30) days after your receipt of the final invoice, a finance charge of 1.5% per month, or the maximum amount allowed by law, whichever is less, will accrue on the unpaid, undisputed amount, commencing on the date of receipt of the final invoice. You will submit to us an itemized list of any disputed charges within fifteen (15) days of receipt of the final invoice, or else all disputes are waived. If any charges are disputed, all undisputed amounts will be paid within thirty (30) days and the parties agree to work in good faith to resolve the disputed invoiced charges in a timely manner, and you agree to pay the remainder immediately upon resolution of the dispute. [OPTIONAL] Audit of Attendees: We are pleased to offer G.R.I.P., Xxxxxx'x proprietary Group Reservation Identification Program, which automates the process of cross referencing registration lists to identify rooms booked outside of the reserved Room Block. Your final report of consumed rooms will reflect all rooms associated with your Room Block. If you request a comparison through G.R.I.P., you will need to electronically provide the first and last names of attendees registered for your Event to the Hotel. Group agrees that Group takes full responsibility for (a) determining whether it is necessary to disclose to Group’s attendees that information is being provided to Hotel by Group or vice versa which may be considered private or confidential, and for making such disclosure, if it is required, and (b) obtaining any necessary permissions from attendees allowing for such exchange of information. After comparing your list to the Hotel’s guest registry, Hotel will advise you of the number of room nights occupied by your attendees reserved outside the official Room Block. If you request Hotel to provide you with the names of the guests who reserved rooms outside of the official Room Block, you agree to sign an addendum relating to the release of the audit information for Group’s Event and to fully defend, indemnify and hold Hotel and Hilton Worldwide, Inc. harmless from and against any and all claims, settlements, judgments, fees or costs, including attorney’s fees and expert witness fees and costs, incurred as a result of any third party claim by any person or entity arising out of the release of information about a guest or guests to Group, as part of this comparison process. Your assigned Event Manager will discuss how we can assist you in managing your attendees’ booking behavior so that attendees will reserve rooms within the Room Block.

Master Accounts. OPTION #1 (For Hilton Accounts that Have Established Credit Approval): Group currently has credit with the Hotel and the Hotel will provide Master Account billing for charges incurred during your Event, subject to the deposit schedule below. We would like to review this account with you daily and have charges approved in writing by you or your designee to eliminate discrepancies, however failure on your part to review charges while on site will not be a basis for disputing any charge. Group agrees to pay no less than 50% of the total estimated Master Account charges according to the following deposit schedule: Initial Deposit No later than <amount> days after receipt of a final signed Agreement from Hotel $«deposit_due» (suggested minimum 10% of anticipated revenue based on total anticipated revenue, not master billed) Second Deposit <date> $<amount> (aligned with second tier of cancellation) Third Deposit <date> $<amount> (aligned with 90 day cancellation) OPTION #2 (For Hilton Accounts That Require Credit Approval): It is our understanding you want to establish credit with us for the Master Account charges for this EventConference. Please complete the enclosed credit application and return it to <enter name>Xxxxxx Xxxxxx, Credit Manager. If the application is not received by <date> contract signing date or not approved, you agree that the total estimated Master Account charges are bill is to be paid by company check, certified check or wire transfer for the entire estimated charges no later than <amount> 60 days in advance of Group’s arrival datearrival. The Caribe Hilton reserves the right to require advance payments or deposits of all or part of your estimated charges if your credit status changes after initial credit approval. On receipt and approval of the credit application, application and approval a Master Account master account will be set up for this Eventmeeting. We would like All charges posted to review this your master account with you daily and have charges should be approved in writing by you or your designee authorized designee. We would like to review the account with you daily to eliminate discrepancies, however failure on your part to review charges while on site . One-half of the master account will not be a basis for disputing any chargepaid before arrival. Group agrees to You agree that the following deposit schedule: Initial Deposit No later than <amount> master account will be fully paid within 30 days after receipt of a final signed Agreement from Hotel $«deposit_due» (suggested minimum 10the bill. In the event any charges are disputed, all undisputed amounts will be paid within 30 days. All undisputed charges not paid within 30 days will be subject to interest accruing at the rate of 1 ½ % of anticipated revenue based on total anticipated revenueper month, not or the highest rate permitted by law, until paid. If you prefer, all master billed) Second Deposit <date> $<amount> (aligned with second tier of cancellation) Third Deposit <date> $<amount> (aligned with 90 day cancellation) account charges can be paid by credit card. Hilton accepts American Express, Diners Club, Discover Card, JCB International, Master Card or Visa for master account payments. If credit has not been approved for your Event, then no later than 30 days in advance of arrival, or <date>event, you will either provide us with a valid the credit card to which all remaining estimated Master Account master account charges will be charged no later than April 21,2011 . All estimated master account charges will be charged on that date. If you receive credit approval, or provide payment of all remaining estimated Master Account charges by company check, certified check, wire transfer or credit card. OPTION #3 (For accounts or hotels we request that Require Full Advance Payment): Group agrees to the following deposit schedule: Initial Deposit No later than <amount> days after receipt of a final signed Agreement from Hotel $«deposit_due» (suggested minimum 10% of anticipated revenue based on total anticipated revenue, not master billed) Second Deposit <date> $<amount> (aligned with second tier of cancellation) Third Deposit <date> $<amount> (aligned with 90 day cancellation) No later than 30 days in advance of arrival, or <date>, you will either provide us with a valid your credit card information at departure, and we will charge the account when you advise us of your approval of the master account bill. In the event any charges are disputed, you agree that we may charge the undisputed charges to which all remaining estimated Master Account charges the account immediately and the remainder will be charged on that date, or provide payment of all remaining estimated Master Account charges by company check, certified check, wire transfer or credit card. <USE THE FOLLOWING WITH ANY OPTION FROM ABOVE> We reserve the right to increase the amount of deposits and/or pre-payments should there be a negative change in your financial status, even if credit had previously been approvedupon resolution. If credit is not approved and advance payments or deposits are not paid on a timely basis, the Hotel will have the right, at our its option, to consider the Agreement Contract cancelled and we will be entitled to cancellation damages as provided in this AgreementContract. If you Should the master account remain unpaid after 60 days, or if advance payments requested are paying by credit cardnot paid as required, we request that you provide us with your credit card information at the time of your Event so that we may charge the credit card account at departure. If any charges are disputedin addition to its other remedies, you agree to provide us with an itemized list of disputed charges so that we may charge the undisputed charges to the credit card account immediately The National Council on Problem Gambling and the remainder will be charged Caribe Hilton agree that the Hotel, at its sole option and without any liability to Hotel, may elect to cancel any subsequent arrangements agreed upon resolution. If payment of all undisputed charges is not received within thirty (30) days after your receipt of herein or any agreements separately made by that time between the final invoice, a finance charge of 1.5% per month, or the maximum amount allowed by law, whichever is less, will accrue The National Council on the unpaid, undisputed amount, commencing on the date of receipt of the final invoice. You will submit to us an itemized list of any disputed charges within fifteen (15) days of receipt of the final invoice, or else all disputes are waived. If any charges are disputed, all undisputed amounts will be paid within thirty (30) days Problem Gambling and the parties agree Caribe Hilton for additional conventions/meetings to work be held in good faith to resolve the disputed invoiced charges in a timely mannerfuture, and you agree to pay that in such event the remainder immediately upon resolution of the dispute. [OPTIONAL] Audit of Attendees: We are pleased to offer G.R.I.P., Xxxxxx'x proprietary Group Reservation Identification Program, which automates the process of cross referencing registration lists to identify rooms booked outside of the reserved Room Block. Your final report of consumed rooms will reflect all rooms associated with your Room Block. If you request a comparison through G.R.I.P., you will need to electronically provide the first and last names of attendees registered for your Event to the Hotel. Group agrees that Group takes full responsibility for (a) determining whether it is necessary to disclose to Group’s attendees that information is being provided to Hotel by Group or vice versa which may be considered private or confidential, and for making such disclosure, if it is required, and (b) obtaining any necessary permissions from attendees allowing shall have no liability for such exchange of information. After comparing your list to cancellation (no fees, charges, damages or penalties shall be due from the Hotel’s guest registry, Hotel will advise you of the number of room nights occupied by your attendees reserved outside the official Room Block. If you request Hotel to provide you with the names of the guests who reserved rooms outside of the official Room Block, you agree to sign an addendum relating to the release of the audit information for Group’s Event and to fully defend, indemnify and hold Hotel and Caribe Hilton Worldwide, Inc. harmless from and against any and all claims, settlements, judgments, fees or costs, including attorney’s fees and expert witness fees and costs, incurred as a result of any third party the cancellation and no claim by any person or entity arising out shall be brought against the Caribe Hilton as a result of the release cancellation). Company will be responsible for cancellation damages set forth in each of information about a guest or guests the event contracts in the event of cancellation by Hotel pursuant to Group, as part of this comparison process. Your assigned Event Manager will discuss how we can assist you in managing your attendees’ booking behavior so that attendees will reserve rooms within the Room Blockclause.

Master Accounts. OPTION #1 (For Hilton Accounts that Have Established Credit Approval): Group currently has credit with the Hotel and the Hotel will provide Master Account billing for charges incurred during your Event, subject to the deposit schedule below. We would like to review this account with you daily and have charges approved in writing by you or your designee to eliminate discrepancies, however failure on your part to review charges while on site will not be a basis for disputing any charge. Group agrees to pay no less than 50% of the total estimated Master Account charges according to the following deposit schedule: Initial Deposit No later than <amount> days after receipt of a final signed Agreement from Hotel $«deposit_due» (suggested minimum 10% of anticipated revenue based on total anticipated revenue, not master billed) Second Deposit <date> $<amount> (aligned with second tier of cancellation) Third Deposit <date> $<amount> (aligned with 90 day cancellation) OPTION #2 (For Hilton Accounts That Require Credit Approval): It is our understanding you want to establish credit with us for the Master Account charges for this Event. Please complete the enclosed credit application and return it to <enter name>, Credit Manager. If the application is not received by <date> or not approved, you agree that the total estimated Master Account charges are to be paid by company check, certified check or wire transfer for the entire estimated charges no later than <amount> days in advance of Group’s arrival date. On receipt and approval of the credit application, a Master Account will be set up for this Event. We would like to review this account with you daily and have charges approved in writing by you or your designee to eliminate discrepancies, however failure on your part to review charges while on site will not be a basis for disputing any charge. Group agrees to the following deposit schedule: Initial Deposit No later than <amount> days after receipt of a final signed Agreement from Hotel $«deposit_due» (suggested minimum 10% of anticipated revenue based on total anticipated revenue, not master billed) Second Deposit <date> $<amount> (aligned with second tier of cancellation) Third Deposit <date> $<amount> (aligned with 90 day cancellation) If credit has not been approved for your Event, then no later than 30 days in advance of arrival, or <date>, you will either provide us with a valid credit card to which all remaining estimated Master Account charges will be charged on that date, or provide payment of all remaining estimated Master Account charges by company check, certified check, wire transfer or credit card. OPTION #3 (For accounts or hotels that Require Full Advance Payment): Group agrees to the following deposit schedule: Initial Deposit No later than <amount> days after receipt of a final signed Agreement from Hotel $«deposit_due» (suggested minimum 10% of anticipated revenue based on total anticipated revenue, not master billed) Second Deposit <date> $<amount> (aligned with second tier of cancellation) Third Deposit <date> $<amount> (aligned with 90 day cancellation) No later than 30 days in advance of arrival, or <date>, you will either provide us with a valid credit card to which all remaining estimated Master Account charges will be charged on that date, or provide payment of all remaining estimated Master Account charges by company check, certified check, wire transfer or credit card. <USE THE FOLLOWING WITH ANY OPTION FROM ABOVE> We reserve the right to increase the amount of deposits and/or pre-payments should there be a negative change in your financial status, even if credit had previously been approved. If advance payments or deposits are not paid on a timely basis, the Hotel will have the right, at our option, to consider the Agreement cancelled and we will be entitled to cancellation damages as provided in this Agreement. If you are paying by credit card, we request that you provide us with your credit card information at the time of your Event so that we may charge the credit card account at departure. If any charges are disputed, you agree to provide us with an itemized list of disputed charges so that we may charge the undisputed charges to the credit card account immediately and the remainder will be charged upon resolution. If payment of all undisputed charges is not received within thirty (30) days after your receipt of the final invoice, a finance charge of 1.5% per month, or the maximum amount allowed by law, whichever is less, will accrue on the unpaid, undisputed amount, commencing on the date of receipt of the final invoice. You will submit to us an itemized list of any disputed charges within fifteen (15) days of receipt of the final invoice, or else all disputes are waived. If any charges are disputed, all undisputed amounts will be paid within thirty (30) days and the parties agree to work in good faith to resolve the disputed invoiced charges in a timely manner, and you agree to pay the remainder immediately upon resolution of the dispute. [OPTIONAL] Audit of Attendees: We are pleased to offer G.R.I.P., Xxxxxx'x proprietary Group Reservation Identification Program, which automates the process of cross referencing registration lists to identify rooms booked outside of the reserved Room Block. Your final report of consumed rooms will reflect all rooms associated with your Room Block. If you request a comparison through G.R.I.P., you will need to electronically provide the first and last names of attendees registered for your Event to the Hotel. Group agrees that Group takes full responsibility for (a) determining whether it is necessary to disclose to Group’s attendees that information is being provided to Hotel by Group or vice versa which may be considered private or confidential, and for making such disclosure, if it is required, and (b) obtaining any necessary permissions from attendees allowing for such exchange of information. After comparing your list to the Hotel’s guest registry, Hotel will advise you of the number of room nights occupied by your attendees reserved outside the official Room Block. If you request Hotel to provide you with the names of the guests who reserved rooms outside of the official Room Block, you agree to sign an addendum relating to the release of the audit information for Group’s Event and to fully defend, indemnify and hold Hotel and Hilton Worldwide, Inc. harmless from and against any and all claims, settlements, judgments, fees or costs, including attorney’s fees and expert witness fees and costs, incurred as a result of any third party claim by any person or entity arising out of the release of information about a guest or guests to Group, as part of this comparison process. Your assigned Event Manager will discuss how we can assist you in managing your attendees’ booking behavior so that attendees will reserve rooms within the Room Block.

Master Accounts. OPTION #1 (For Hilton Accounts that Have Established Credit Approval): Group Your «GROUPNAME» currently has credit with the _______________________________ Your Hotel Name Here and the Your Hotel Name Here will provide Master Account master account billing for charges incurred during your Event, subject meeting. The Your Hotel Name Here reserves the right to the deposit schedule belowrequest a credit application if your group's credit status changes and may require advance payments or deposits of all or part of your estimated charges if credit is not approved. All charges posted to your master account should be approved in writing by you or your authorized designee. We would like to review this account with you daily and have charges approved in writing by you or your designee to eliminate discrepancies, however failure on your part to review charges while on site will not be a basis for disputing any charge. Group agrees to pay no less than 50% <One-third or one-half> of the total estimated Master Account charges according to master account will be paid before <arrival or departure>. You agree that the following deposit schedule: Initial Deposit No later than <amount> remainder of the master account will be fully paid by company or certified check within 30 days after receipt of a final signed Agreement from Hotel $«deposit_due» (suggested minimum 10the bill. In the event any charges are disputed, all undisputed amounts will be paid within 30 days. All undisputed charges not paid within 30 days will be subject to interest accruing at the rate of 1 ½ % of anticipated revenue based on total anticipated revenue, not master billed) Second Deposit <date> $<amount> (aligned with second tier of cancellation) Third Deposit <date> $<amount> (aligned with 90 day cancellation) OPTION #2 (For Hilton Accounts That Require Credit Approval): per month until paid. It is our understanding you want to establish credit with us for the Master Account charges for this Event«BOOKNAME». Please complete the enclosed credit application and return it to <enter name>________________________, Credit Manager. If the application is not received by <date> date or not approved, you agree that the total estimated Master Account charges are bill is to be paid by company check, or certified check or wire transfer for the entire estimated charges no later than <amount> ________ days in advance of Group’s arrival datearrival. If you wish to use another form of payment to settle the Master Account, the method must be approved by the Your Hotel Name Here prior to the signing of this contract. On receipt and approval of the credit application, application and approval a Master Account master account will be set up for this Eventmeeting. We would like All charges posted to review this your master account with you daily and have charges should be approved in writing by you or your designee authorized designee. We would like to review the account with you daily to eliminate discrepancies, however failure on your part to review charges while on site . <One-third or one-half> of the master account will not be a basis for disputing any chargepaid before <arrival or departure>. Group agrees to You agree that the following deposit schedule: Initial Deposit No later than <amount> master account will be fully paid within 30 days after receipt of a final signed Agreement from Hotel $«deposit_due» (suggested minimum 10% of anticipated revenue based on total anticipated revenue, not master billed) Second Deposit <date> $<amount> (aligned with second tier of cancellation) Third Deposit <date> $<amount> (aligned with 90 day cancellation) If credit has not been approved for your Event, then no later than 30 days in advance of arrival, or <date>, you will either provide us with a valid credit card to which all remaining estimated Master Account charges will be charged on that date, or provide payment of all remaining estimated Master Account charges by company check, certified check, wire transfer or credit cardthe bill. OPTION #3 (For accounts or hotels that Require Full Advance Payment): Group agrees to In the following deposit schedule: Initial Deposit No later than <amount> days after receipt of a final signed Agreement from Hotel $«deposit_due» (suggested minimum 10% of anticipated revenue based on total anticipated revenue, not master billed) Second Deposit <date> $<amount> (aligned with second tier of cancellation) Third Deposit <date> $<amount> (aligned with 90 day cancellation) No later than 30 days in advance of arrival, or <date>, you will either provide us with a valid credit card to which all remaining estimated Master Account charges will be charged on that date, or provide payment of all remaining estimated Master Account charges by company check, certified check, wire transfer or credit card. <USE THE FOLLOWING WITH ANY OPTION FROM ABOVE> We reserve the right to increase the amount of deposits and/or pre-payments should there be a negative change in your financial status, even if credit had previously been approved. If advance payments or deposits are not paid on a timely basis, the Hotel will have the right, at our option, to consider the Agreement cancelled and we will be entitled to cancellation damages as provided in this Agreement. If you are paying by credit card, we request that you provide us with your credit card information at the time of your Event so that we may charge the credit card account at departure. If any charges are disputed, you agree to provide us with an itemized list of disputed charges so that we may charge the undisputed charges to the credit card account immediately and the remainder will be charged upon resolution. If payment of all undisputed charges is not received within thirty (30) days after your receipt of the final invoice, a finance charge of 1.5% per month, or the maximum amount allowed by law, whichever is less, will accrue on the unpaid, undisputed amount, commencing on the date of receipt of the final invoice. You will submit to us an itemized list of any disputed charges within fifteen (15) days of receipt of the final invoice, or else all disputes are waived. If event any charges are disputed, all undisputed amounts will be paid within thirty (30) 30 days. All undisputed charges not paid within 30 days will be subject to interest accruing at the rate of 1 ½ % per month until paid. Should the master account remain unpaid after 60 days, or if advance payments requested are not paid as required, in addition to its other remedies, «GROUPNAME» and the parties Your Hotel Name Here agree that the Your Hotel Name Here, at its sole option, may elect to work cancel any subsequent arrangements agreed upon herein or any agreements separately made by that time between the «GROUPNAME» and the <Your Hotel Name Here for additional conventions/meetings to be held in good faith to resolve the disputed invoiced charges in a timely mannerfuture, and you agree to pay that in such event, no fees, charges, damages or penalties shall be due from the remainder immediately upon resolution of the dispute. [OPTIONAL] Audit of Attendees: We are pleased to offer G.R.I.P., Xxxxxx'x proprietary Group Reservation Identification Program, which automates the process of cross referencing registration lists to identify rooms booked outside of the reserved Room Block. Your final report of consumed rooms will reflect all rooms associated with your Room Block. If you request a comparison through G.R.I.P., you will need to electronically provide the first and last names of attendees registered for your Event to the Hotel. Group agrees that Group takes full responsibility for (a) determining whether it is necessary to disclose to Group’s attendees that information is being provided to Hotel by Group or vice versa which may be considered private or confidential, and for making such disclosure, if it is required, and (b) obtaining any necessary permissions from attendees allowing for such exchange of information. After comparing your list to the Hotel’s guest registry, Hotel will advise you of the number of room nights occupied by your attendees reserved outside the official Room Block. If you request Hotel to provide you with the names of the guests who reserved rooms outside of the official Room Block, you agree to sign an addendum relating to the release of the audit information for Group’s Event and to fully defend, indemnify and hold Hotel and Hilton Worldwide, Inc. harmless from and against any and all claims, settlements, judgments, fees or costs, including attorney’s fees and expert witness fees and costs, incurred Name Here as a result of any third party the cancellation and no claim by any person or entity arising out shall be brought against the <Your Hotel Name Here as a result of the release of information about a guest or guests to Group, as part of this comparison process. Your assigned Event Manager will discuss how we can assist you in managing your attendees’ booking behavior so that attendees will reserve rooms within the Room Blockcancellation.