Common use of Reservation and Status Change Fees Clause in Contracts

Reservation and Status Change Fees. For the use of the UltraSwitch Interface, Hotel shall pay THISCO as follows: For the first [*] Net Reservations during each calendar year [*] per Net Reservation; For the next [*] Net Reservations during each calendar year, [*] per Net Reservation; For the next [*] Net Reservations during each calendar year, [*] per Net Reservation; For all Net Reservations in excess of [*] Net Reservations during each calendar year, [*] per Net Reservation; For the first [*] Status Changes during each calendar year, [*] for each Status Change; For the next [*] Status Changes during each calendar year, [*] for each Status Change; For all Status Changes in excess of [*] during each calendar year, [*] for each Status Change. Notwithstanding the above-stated provisions, in the event the ratio of Status Changes to Net Reservations exceeds [*] during a billing period, there shall be no charge for Status Changes provided, however, in the event the ratio of Status Changes to Net Reservations *Confidential Treatment Requested No more than once per year, THISCO may increase the Reservation and Status Change Fees by an amount equal to the annual increase in the U.S. Consumer Price Index for all Urban Consumers, U.S. City Average, for All Items to offset cost increases of THISCO's operations provided that such increase shall not take effect until the expiration of 60 days after notice of the increase.

Appears in 2 contracts

Samples: User Agreement (Pegasus Systems Inc), User Agreement (Pegasus Systems Inc)

AutoNDA by SimpleDocs

Reservation and Status Change Fees. For the use of the UltraSwitch Interface, Hotel HOTEL shall pay THISCO as follows: For the first [*] Net Reservations during each calendar year [*] per Net Reservation; For the next [*] Net Reservations during each calendar year, [*] per Net Reservation; For the next [*] Net Reservations during each calendar year, [*] per Net Reservation; For all Net Reservations in excess of [*] Net Reservations during each calendar year, [*] per Net Reservation; For the first [*] Status Changes during each calendar year, [*] for each Status Change; For the next [*] Status Changes during each calendar year, [*] for each Status Change; For all Status Changes in excess of [*] during each calendar year, [*] for each Status Change. Notwithstanding the above-stated provisions, in the event the ratio of Status Changes to Net Reservations exceeds [*] during a billing period, there shall be no charge for Status Changes provided, however, in the event the ratio of Status Changes to Net Reservations exceeds [*Confidential Treatment Requested No more than once per year] during a billing period, all Status Changes in excess of the [*] ratio shall be [*]. THISCO may increase the Reservation and Status Change Fees by an amount equal to the annual increase in the U.S. Consumer Price Index for all Urban Consumers, U.S. City Average, for All Items to offset cost increases of THISCO's operations provided that such increase shall not take effect until the expiration of 60 days after notice of the increase.. *Confidential Treatment Requested

Appears in 2 contracts

Samples: User Agreement (Pegasus Systems Inc), User Agreement (Pegasus Systems Inc)

AutoNDA by SimpleDocs

Reservation and Status Change Fees. For the use of the UltraSwitch Interface, Hotel HOTEL shall pay THISCO as follows: For the first [*] Net Reservations during each calendar year [*] per Net Reservation; For the next [*] Net Reservations during each calendar year, [*] per Net Reservation; For the next [*] Net Reservations during each calendar year, [*] per Net Reservation; For all Net Reservations in excess of [*] Net Reservations during each calendar year, [*] per Net Reservation; For the first [*] Status Changes during each calendar year, [*] for each Status Change; For the next [*] Status Changes during each calendar year, [*] for each Status Change; For all Status Changes in excess of [*] during each calendar year, [*] for each Status Change. Notwithstanding the above-stated provisions, in the event the ratio of Status Changes to Net Reservations exceeds [*] during a billing period, there shall be no charge for Status Changes provided, however, in the event the ratio of Status Changes to Net Reservations exceeds [*Confidential Treatment Requested No more than once per year] during a billing period, all Status Changes in excess of the [*] ratio shall be [*] THISCO may increase as of the first day of January of each calendar year the Reservation and Status Change Fees by an amount equal to the annual increase in during the U.S. Consumer Price Index for all Urban Consumers, U.S. City Average, for All Items to offset cost increases of THISCO's operations provided that such increase shall not take effect until the expiration of 60 days after notice of the increase.*Confidential Treatment Requested

Appears in 2 contracts

Samples: User Agreement (Pegasus Systems Inc), User Agreement (Pegasus Systems Inc)

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