Common use of Room Block Attrition Clause in Contracts

Room Block Attrition. 6.1 If Group’s actual usage slips below either (i) 80% of the original Room Block Commitment or (ii) 80% of the adjusted Room Block (if any), Group agrees to pay seventy-five percent of the average group room rate for each room night below the 80%. This amount shall be calculated by multiplying (.75) times the single/double Group rate, exclusive of taxes, for each room night below eighty percent (80%) of the original or adjusted Room Block. (.75 x $ single/double rate = $ per room night attrition costs). Such charges shall be added without tax, to, and payable as part of, the Master Account.. 6.2 The parties agree that (a) the above formula for the Attrition charge is a reasonable estimate of the Hotel’s damages in the event that the room nights in the Room Block are not utilized and (b) the liquidated damages set forth in Section 6.1 do not constitute a penalty. 63 The Hotel shall undertake all efforts to resell any unused room nights in the Room Block and shall credit those sales against any attrition charges.

Room Block Attrition. 6.1 If Group’s actual usage slips below either (i) 80% of the original Room Block Commitment or (ii) 80% of the adjusted Room Block (if any), Group agrees to pay seventy-five percent of the average group room rate for each room night below the 80%. This amount shall be calculated by multiplying (.75) times the single/double Group rate, exclusive of taxes, for each room night below eighty percent (80%) of the original or adjusted Room Block. (.75 x $ single/double rate = $ per room night attrition costs). Such charges shall be added without tax, to, and payable as part of, the Master Account... 6.2 The parties agree that (a) the above formula for the Attrition charge is a reasonable estimate of the Hotel’s damages in the event that the room nights in the Room Block are not utilized and (b) the liquidated damages set forth in Section 6.1 do not constitute a penalty. 63 The Hotel shall undertake all efforts to resell any unused room nights in the Room Block and shall credit those sales against any attrition charges.

Room Block Attrition. 6.1 If Group’s actual usage slips below either (i) 80% of the original Room Block Commitment or (ii) 80% of the adjusted Room Block (if any), Group agrees to pay seventy-five percent of the average group room rate for each room night below the 80%. This amount shall be calculated by multiplying (.750.75) times the single/double Group rate, exclusive of taxes, for each room night below eighty percent (80%) of the original or adjusted Room Block. (.75 0.75 x $ single/double rate $149 = $ per room night $111.75 attrition costs). Such charges shall be added without tax, to, and payable as part of, the Master Account... 6.2 The parties agree that (a) the above formula for the Attrition charge is a reasonable estimate of the Hotel’s damages in the event that the room nights in the Room Block are not utilized and (b) the liquidated damages set forth in Section 6.1 do not constitute a penalty. 63 . 6.3 The Hotel shall undertake all efforts to resell any unused room nights in the Room Block and shall credit those sales against any attrition charges. 6.4 The Group shall not pay for off-line rooms (rooms being remodeled or not used for any reason).

Room Block Attrition. 6.1 If Group’s actual usage slips below either (i) 80% of the original Room Block Commitment or (ii) 80% of the adjusted Room Block (if any), Group agrees to pay seventy-five percent of the average group room rate for each room night below the 80%. This amount shall be calculated by multiplying (.75) times the single/double Group rate, exclusive of taxes, for each room night below eighty percent (80%) of the original or adjusted Room Block. (.75 x $ single/double rate = $ per room night attrition costs). Such charges shall be added without tax, to, and payable as part of, the Master Account... 6.2 The parties agree that (a) the above formula for the Attrition charge is a reasonable estimate of the Hotel’s damages in the event that the room nights in the Room Block are not utilized and (b) the liquidated damages set forth in Section 6.1 do not constitute a penalty. 63 . 6.3 The Hotel shall undertake all efforts to resell any unused room nights in the Room Block and shall credit those sales against any attrition charges. 6.4 The Group shall not pay for off-line rooms (rooms being remodeled or not used for any reason).