Room Block Attrition Sample Clauses

Room Block Attrition. 6.1 If Group’s actual usage slips below either (i) 80% of the original Room Block Commitment or (ii) 80% of the adjusted Room Block (if any), Group agrees to pay seventy-five percent of the average group room rate for each room night below the 80%. This amount shall be calculated by multiplying (.75) times the single/double Group rate, exclusive of taxes, for each room night below eighty percent (80%) of the original or adjusted Room Block. (.75 x $ single/double rate = $ per room night attrition costs). Such charges shall be added without tax, to, and payable as part of, the Master Account.
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Room Block Attrition. This Contract is based in part on the Group’s commitment to use at least XXXX total room nights at the Hotel (the "Guest Room Minimum"). If the actual use of room nights by the Group (whether during the Conference or on any pre or post adjoining dates) falls below the Guest Room Minimum, room attrition charges will be assessed. The room attrition charges shall be calculated by multiplying (i) the amount of this shortfall in room nights, times (ii) 80% of the Confirmed Room Rate for Standard Rooms, exclusive of taxes. (80% of the single/double Confirmed Room Rate for Standard Rooms equals the room attrition charge for each room night of the shortfall.) Such room attrition charges, plus any applicable taxes, shall be added to, and payable as part of, the Master Account. All room nights used by the Group's attendees (including staff) at the Hotel over the Conference Dates and any pre or post adjoining dates will be counted toward the Guest Room Minimum on a cumulative basis (regardless of the rate paid, the method of reservation, or when the reservation was made) for the purposes of determining the applicable room attrition charges (if any) payable to DRD pursuant hereto. These include, but are not limited to: all such persons who, for whatever reason, do not receive the applicable Confirmed Room Rates shown below (e.g. late reservations, corporate rates, government rates, etc.), and all persons “walked.” In addition, if DRD retains the room deposit from any of the Group's individual attendees as a cancellation fee for any no-show, then, DRD will apply that deposit to the first night of that individual's stay and, for the purposes only of determining the room attrition charges, that room night will be counted as actually occupied. In no event, however, will the total room attrition charges (excluding any applicable taxes) exceed the amount determined by multiplying (A) the total number of unused room nights in the Room Block that the Hotel determines are not resold (after all other available rooms at the Hotel have been sold), times (B) 80% of the Confirmed Room Rate for Standard Rooms. For the purposes hereof, unused Government Rooms in the Room Block will be deemed to have been resold before unused Standard Rooms in the Room Block. DRD and Group intend to liquidate the damages (as provided above) if the Group fails to meet the Guest Room Minimum set forth in this Section 6.1. Therefore, Group and DRD agree that (a) the above is a reasonable method to determ...
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Room Block Attrition. 6.1 If Group’s actual usage slips below the higher of (1) the Increased Room Block (if any) or (2) 80% of the original Room Block, Group agrees to pay, 75% of the average Group Rate, for each room night by which such Room Block exceeds Group’s actual usage. Such charges shall be added with tax (if applicable) to, and payable as part of, the Master Account.
Sample 1
Room Block Attrition. 6.1 This Agreement is based in part on the Group’s use of XXXX total room nights. In the event the actual use of room nights falls below 80% (XXX room nights) of the Room Block, an attrition charge will be assessed. This amount shall be calculated by multiplying (.75) times the single/double Group rate, exclusive of taxes, for each room night below eighty percent (80%) of the total room nights blocked. (.75 x $ single/double rate = $ per room night attrition costs). Such charges shall be added with tax (if applicable), to, and payable as part of, the Master Account.
Sample 1
Room Block Attrition. 4.1 The Hotel shall undertake all efforts to resell any unused room nights in the Room Block and shall credit those sales against any attrition charges. The Group shall not pay for off-line rooms (rooms being remodeled or not used for any reason).
Sample 1
Room Block Attrition. 6.1 It is understood and agreed by the parties that the Hotel will not assert any fees against the Group or withdraw any of the complimentary concessions outlined in this Agreement should Group hold the Meeting but fail to fully utilize the Room Block.
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Related to Room Block Attrition

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