PREPAYMENT BASIS Clause Samples
The Prepayment Basis clause defines the terms and conditions under which a borrower can make early payments on a loan or other financial obligation. Typically, this clause specifies whether prepayments are allowed, if there are any penalties or fees for doing so, and how such payments are applied to the outstanding balance or interest. For example, it may state that prepayments reduce the principal directly or that only full, not partial, prepayments are permitted. The core function of this clause is to provide clarity and predictability for both parties regarding the financial implications of paying off a debt ahead of schedule, thereby managing expectations and reducing potential disputes.
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PREPAYMENT BASIS. Payment for the Accommodation set out in confirmed Reservations together with the Meal Plan and paid transfers (if applicable) shall be paid in full to Calabash as follows: Not less than 14 days prior to the arrival of the Guests on whose behalf the said accommodation has been reserved failing which and providing the accommodation is still available, the Guest/your client will be required to provide their own credit card upon arrival to settle all charges and the full Room Rack Rates will apply to the Accommodation, Meal Plan and transfers (if applicable) PROVIDED ALWAYS that Calabash reserves the right to cancel any Reservation if the said full payment is not received 14 days prior to the arrival of the Guest as aforesaid.
PREPAYMENT BASIS. Unless Direct Billing has been established, the room, tax and service fees of the entire stay have to be prepaid 30 days prior to arrival. In case the pre-payment is not received as stipulated above, the hotel reserves the right to cancel the booking or charge interest at 2% per month on any outstanding amounts. To apply for direct billing please email ▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇; in case of a direct billing agreement the payment of the invoice needs to be settled within 30 days from receiving the invoice from the resort; after 30 days penalty charges may apply.
PREPAYMENT BASIS. The room rates, tax & service fees and flights of the entire stay, must be prepaid 30 days prior to arrival, except during Festive Season (see below). In case the pre-payment is not received by this time, Canouan Estate reserves the right to cancel the booking. Dec 19, 2019 – Jan 6, 2020: (Festive period) 50% deposit is required at time of booking of which 50% is non-refundable. The remaining 50% is due by September 1, 2019. Any cancellations after September 1st 2019, will be charged for the entire stay. *We recommend travel & cancellation Insurance* Check-in time is 15:00 hrs. and Check-out time is 12:00 hrs. Residents who wish to depart after or before these times are advised to extend their stay at time of booking. Applicable room rates will apply. INTERMEDIATE BANK: ▇▇▇▇▇ FARGO BANK N.A. – ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ - ▇▇ ▇▇▇▇ ▇▇▇ INTERMEDIATE BANK ABA: ▇▇▇▇▇▇▇▇▇ OR SWIFT CODE: ▇▇▇▇▇▇▇▇▇▇▇ BANK NAME: CIBC FIRST CARIBBEAN BANK ST. ▇▇▇▇▇▇▇ LTD / HALIFAX STREET / KINGSTOWN / ST. ▇▇▇▇▇▇▇ BANK SWIFT CODE: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ NAME: ▇▇▇▇▇▇▇▇ ▇▇▇ HOLDING LIMITED ACCOUNT: 106355747 Canouan Estate assumes no liability whatsoever to the Operator or any of its clients in connection with this agreement or for any injury, damage, loss, accident or delay to persons or property. Our agreement with you (including the exclusions or limits of liability) applies to our agents, servants, employees and representatives in the same way as it applies to us. It is the sole responsibility of the Operator to market and promote Canouan Estate. Canouan Estate is not responsible or under any obligation to market or promote the hotel nor to contribute to joint marketing campaigns. Canouan Estate does not guarantee any level or volume of custom, clientele or commission to the Operator in connection with this agreement and expressly excludes any and all liability in relation thereto.
PREPAYMENT BASIS. The room rates, tax & service fees and flights of the entire stay, must be prepaid 30 days prior to arrival, except during Festive Season (see below). In case the pre-payment is not received by this time, Canouan Estate reserves the right to cancel the booking. Dec 17, 2023 – Jan 6, 2024: (Festive period) 50% deposit is required at time of booking of which 50% is non-refundable. The remaining 50% is due by September 1, 2023. Any cancellations after September 1st 2023, will be charged for the entire stay. Cancellation notices must be sent in writing directly to the Hotel’s reservations department and acknowledged in writing by the reservations department. *We recommend travel & cancellation Insurance* Check-in time is 15:00 hrs and Check-out time is 12:00 hrs. Residents who wish to depart after or before these times are advised to extend their stay at time of booking. Applicable room rates will apply. ▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Burlington Road Dublin 4, Ireland Account Number: ▇▇▇▇▇▇▇▇ Swift Code: ▇▇▇▇▇▇▇▇ IBAN: ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇ Canouan Estate assumes no liability whatsoever to the Operator or any of its clients in connection with this agreement or for any injury, damage, loss, accident or delay to persons or property. Our agreement with you (including the exclusions or limits of liability) applies to our agents, servants, employees and representatives in the same way as it applies to us. It is the sole responsibility of the Operator to market and promote Canouan Estate. Canouan Estate is not responsible or under any obligation to market or promote the hotel nor to contribute to joint marketing campaigns. Canouan Estate does not guarantee any level or volume of custom, clientele or commission to the Operator in connection with this agreement and expressly excludes any and all liability in relation thereto.
PREPAYMENT BASIS. The room, tax and service fees of the entire stay have to be prepaid 30 days prior to arrival. In case the pre-payment is not received as stipulated above, the hotel reserves the right to cancel the booking or charge interest at 2% per month on any outstanding amounts.