Common use of Non-Refundability Clause in Contracts

Non-Refundability. Unless otherwise specified, all fees that Franchisee paid to Hyatt before or simultaneously with the execution of this Agreement, or will pay to Hyatt during the Term, are non-refundable.

Appears in 2 contracts

Sources: Franchise Agreement (Moody National REIT I, Inc.), Franchise Agreement (Moody National REIT I, Inc.)

Non-Refundability. Unless otherwise specified, all fees that Franchisee paid to Hyatt or its Affiliates before or simultaneously with the execution of this Agreement, or will pay to Hyatt or its Affiliates during the Term, are non-refundable.

Appears in 1 contract

Sources: Franchise Agreement (Chesapeake Lodging Trust)