Additional Concessions Clause Samples

Additional Concessions. 5.1 The Hotel will provide the Group with the following additional concessions [The following is to be considered on a case-by-case basis:], provided that at least 80% of the room nights in the Room Block are occupied and paid for at the Confirmed Room Rates:

Additional Concessions. 5.1 The Hotel will provide the Group with the following additional concessions: If a rebate or commission is included in this Agreement, then the following must be added: Group takes full responsibility for determining whether disclosure of the (rebate or commission) is required and for making such disclosure.

Additional Concessions. 5.1 The Hotel will provide the Group with the following additional concessions:

Additional Concessions. 5.1 The Hotel will provide the Group with the following additional concessions: ARTICLE VI Room Block Attrition 6.1 This Agreement is based in part on the Group’s use of XXXX total room nights. In the event the actual use of room nights falls below 75% (XXX room nights) of the Room Block, an attrition charge will be assessed (the “Attrition Charge”). In calculating Group’s total room nights Hotel shall include all rooms utilized by Group regardless of rate paid or method of reservation including pre and post days and no show or late cancellation fees that are collected by Hotel. This amount shall be calculated by multiplying the single/double Group rate for each room night below seventy five percent (75%) of the total room nights in the Room Block. Such charges shall be added to, and payable as part of, the Master Account. Tax will be included if required by applicable law. 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. 6.3 The Hotel shall undertake reasonable efforts to resell any unused room nights in the Room Block and shall credit those sales against the Attrition Charge. Because it is impossible to accurately determine what guest rooms are resold and at what rate, the parties agree that “resold” rooms will be calculated as follows: The resale revenue credited to the Attrition Charge will be equal to Hotel’s average daily rate for each day that guest rooms are resold. Unused Group rooms will be the last guest rooms resold, thus guest rooms will be considered resold to the extent that Hotel is able to sell more guest rooms than it could have sold if Group had fully occupied its reserved block. For example, if Group does not use thirty (30) rooms in its block but only ten (10) rooms remain unsold in Hotel, the Attrition Charge owed will be reduced by the average daily rate times ten (10). 6.4 Upon the billing of any Attrition Charge, Hotel shall provide Group with reasonable information and documentation Group may request in order to verify its room utilization and the Hotel’s calculation of resold rooms. Hotel will also verify Group room pick up by using its Reservation Cross Check software to compare the Group’s list of registered attendees with the hotel’s guest registration list. 6.5 The Group shall not pay for off-line rooms...

Additional Concessions. In consideration of the entire value your meeting/convention brings to the Caribe Hilton we are pleased to offer the following concessions based on the achievement of 90% or greater of your Anticipated Room Revenue as set forth in the Performance Policies. These concessions are valued at $30,100.00. Anticipated Room Revenue materializes at less than 90% the concessions will be reduced proportionately at the discretion of the Hotel or, with your agreement, provided and charged to your master account at retail value, in addition to any damages owed under the Performance policies. Please advise your event manager no later than seven (7) days prior to first guest room arrival of your decision whether you prefer to have concessions reduced or if you want to retain and pay for them. You agree that you will pay all applicable labor/union charges, tax, gratuity, or service charge on all concessions provided. We understand room assignments will be made directly by the attendee via the Internet using the Personalized On Line Group Page. Please visit ▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇▇/GroupPage to create your Personalized Group Web Page at least 1 week prior to when housing is scheduled to open. We understand room assignments will be made directly with the Caribe Hilton room reservation department by calling our toll-free number 1-800-HILTONS. In doing so, please ask your attendees to request the group rate for The National Council on Problem Gambling or by the unique group code . Regardless of how your reservations are made, our online Guest List Manager is available to view and manage guest lists as well as view room count summaries for your Room Block. Your Event Manager will provide you with the brief instructions to access. We are pleased to offer G.R.I.P., ▇▇▇▇▇▇'▇ 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, however credit toward performance damages, complimentary rooms, etc. for rooms booked outside of the reserved Room Block is subject to Hotel's discretion (based on factors including but not limited to the following: variables in rates, occupancy and channel of reservation). 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 and sign ...

Additional Concessions. 5.1 The Hotel will provide the Group with the following additional concessions:  Group rate(s) reflects a rebate payable to the Group of five percent (5%) for each room night paid for at the group rate(s) of $149 or higher to help offset the cost of meeting expense. Payment or credit for any rebate shall only be made after satisfactory settlement of Group’s Master Account. Rebate can be deducted from Master Account balance.  One (1) One-bedroom Luxury Suite, complimentary. **  One (1) One-bedroom Suite, complimentary. **  Up to Fifteen (15) One-bedroom Suites per night, at a daily rate of $219. **  Up to Six (6) Premier room upgrades per night, at the group rate of $149. **  Up to Six (6) One-bedroom Suite upgrades per night, at the group rate of $149. **  Up to Six (6) Deluxe Rooms per night for Staff, at a daily rate of $119. **  Complimentary meeting space, with F&B minimum of $100,000 (exclusive of service charge and tax).  F&B items not mentioned in Exhibit A, at 10% discount off hotel’s banquet items in menu provided by Hotel in May 2016.  Ten (10) VIP welcome amenities.  Five (5) complimentary valet parking passes for designated attendees, with in/out access, over the dates of the meeting; and five (5) additional valet parking passes at a $10 discount from the daily overnight rate, per car per night.  Complimentary high speed wireless internet in the guestrooms and the hotel lobby.  Complimentary fitness center access for all overnight guests.  Wi-Fi in the meeting area, with total allocated 40 Mbps bandwidth, broadcasting "IEEETR" SSID, with group’s security key and no intermediate third-party log-in page, at a flat rate of $2,500; which includes all service charges and taxes, for the entire duration of the meeting (March 22 to April 1, 2018).  Two (2) complimentary 2-night stays for planning purposes, based on availability.  10% audio visual discount.  Omni select Rewards $600 credit to the Group's Master Account; $1,200 credit if contract is signed by August 31, 2016. ** Guestrooms provided over the dates listed in Section 1.1.

Additional Concessions. The hotel is willing to offer you the following concessions:

Additional Concessions. On a quarterly basis for each fiscal quarter of the Asset Grantors, and no later than 30 (thirty) calendar days after the end of such fiscal quarter, each Asset Grantor will give written notice to the Trustee (who must transmit a copy of such notice to the Shared Payment and Collateral Agent) and the Shared Payment and Collateral Agent of the acquisition or identification by such Asset Grantor of any Additional Concessions during such quarter. Notwithstanding that under Clause Fifth above all Concessions (including Additional Concessions) are validly transferred hereto upon execution of this Agreement, within 20 (twenty) Business Days after receipt by the Trustee and Shared Payment and Collateral Agent of the notice mentioned in the preceding paragraph, the Asset Grantors will perfect the transfer of the Additional Concessions by means of the execution and registration of a supplement to this Agreement as described below or otherwise. Within 20 (twenty) Business Days after any assignment limitations contained in the Excluded Concessions are removed, the Asset Grantors will perfect the transfer of the Excluded Concessions to the Trust by means of the execution and registration of a supplement to this Agreement as described below. The abovementioned supplements will be granted before a notary public by the respective Asset Grantors and the Trustee and must be registered in the respective public registries as set forth in Clause Second (e) above. The Asset Grantors will be liable for the registration of the respective supplement hereto in the applicable public registries as set forth in Clause Second (e) above. The Asset Grantors, as the case may be, must deliver to the Trustee or the Shared Payment and Collateral Agent, prior to the expiration of the 20 (twenty) Business Day terms set forth above, such documentation or information relating to the Additional Concessions or Excluded Concessions (including such documentation as is required under laws applicable to such Additional Concessions or Excluded Concessions to perfect the transfer thereof) as the Trustee or the Shared Payment and Collateral Agent may reasonably request.

Additional Concessions. In consideration of the entire value your Event brings to the Hotel, we are pleased to offer the following concessions based on the achievement of 90% or greater of your Anticipated Sleeping Room Revenue. If the Anticipated Sleeping Room Revenue materializes at less than 90%, the concessions will be reduced proportionately at the discretion of the Hotel or, at your request, provided and charged to your Master Account at retail value, in addition to any damages owed under the Performance policies:  Complimentary Parking, valued at $15.00  Complimentary WiFi, valued at $19.95