CANCELLATION/ATTRITION Sample Clauses
CANCELLATION/ATTRITION. CANCELLATION OF ROOM RESERVATIONS: Guests are responsible for paying for their own accommodations. Deposits (taken either in cash or by credit card) are refunded or credited only if notice is received 72 hours prior to arrival date and cancellation number must be obtained by guest. Attrition: The parties agree that the Group and the Hotel will share in the loss of revenues suffered by the Hotel in the event of the Group’s failure to utilize all of the rooms and services agreed to herein. The Group therefore agrees to pay a percentage of lost revenue.
CANCELLATION/ATTRITION. In the event of cancellation or attrition by RNC, Owner agrees to undertake reasonable sales efforts to resell the cancelled function space. If Owner resells all or part of the cancelled function space, the amount owed by RNC pursuant to this Paragraph shall be reduced in an amount equal to the revenue received by Owner from such resale, including revenues from the sale of food and beverages. Notwithstanding the foregoing, Owner acknowledges that the Event may involve the President of the United States of America, and that RNC therefore may be forced to cancel or postpone the Event at any time, upon prompt notice to Owner, due to obligations in relation to a pending or occurred national emergency or other crisis (including natural disasters) beyond the control of RNC. In such case, RNC's cancellation will not be deemed a breach of this Agreement, and no obligation, performance, or payment contemplated under this agreement, will be owed by either party and any payments shall be reimbursed to RNC. RNC, however, shall reimburse Owner for any costs incurred by Owner in connect ion with the Event as of the cancellation date.