Common use of Housing Companies - Payment of Fees Clause in Contracts

Housing Companies - Payment of Fees. (DELETE IF NOT APPLICABLE) (Hilton Worldwide, Inc. has adopted a policy of paying a one-time flat housing fee not to exceed $15.00 per actualized reservation regardless of the length of stay. The exceptions to this policy are: (1) If the Hotel can reduce the fee below $15.00 per room it should do so; and (2) if the General Manager and Director of Sales at the Hotel determine that market conditions require a higher fee, they may approve such higher fee. It is anticipated that such discretion to pay a higher fee will only be exercised in shoulder and off season.) A one-time flat fee of $<amount per each sleeping room night actually occupied and paid for by your attendees that was reserved as part of the established Room Block at the negotiated convention/meeting rates contained in this Agreement, will be paid to <insert name of housing company> (“Housing Company”) upon final settlement of the Master Account by Group. If no housing company is used, no fee will be paid. The housing fees will be paid to Housing Company unless we receive confirmation in writing signed by both Group and Housing Company that housing fees are to be paid to some other person or entity. Rebate or Subsidy (DELETE IF NOT APPLICABLE) The Hotel will pay <$ or % of minimum room rate> for each sleeping room night actually occupied and paid for by your attendees that was reserved as part of the established Room Block at the negotiated convention/meeting rates contained in this Agreement to <enter full legal name of recipient of rebate or subsidy> for the purpose of <bussing, defraying costs, etc.>. This payment will be made by Hotel after receipt by the Hotel of full payment for the Event.