Prepayment Policy Clause Samples

Prepayment Policy. All monies received by the Distributor from persons purchasing holidays at the Resort are monies held in trust by the Distributor for the Resort. All monies are to be received in the Resort bank account 21 days prior to guest arrival. The Resort reserves the right to cancel any booking which is not paid 21 days prior. Payment must be made in full at the time of booking for all reservations made within 21 days of arrival. Should the client arrive without such payment, the Resort reserves the right to charge the client with the full amount on arrival. Full payment is required at time of booking if the booking is made less than 21 days prior to arrival. For stays over Christmas/New Year (17/Dec/2015 – 02/Jan/2016) full payment is due by Oct 31, 2015. Remittance advice to be sent to the Resort stating details of bank account credited and invoices paid. Non-payment of contractual obligations when due hereunder (or as may be otherwise agreed in writing) will permit the hotel to charge interest on unpaid amounts at a rate of 8% per annum; collect directly from clients locally in the case where the clients have arrived at the hotel; refuse to accommodate the client on arrival and to contact the tour operator for further assistance; and/or to refuse any further bookings from the tour operator until such unpaid amounts have been cleared.