ROOMS ATTRITION. Hotel is relying on University to use <NUMBER> Total Room Nights. «ACCOUNT» agrees that a loss will be incurred by Hotel should there be a reduction greater than 20% in Total Room Nights used. Should the room nights actually used by University be less than 80% of the Total Room Nights, University agrees to pay, as liquidated damages and not as a penalty, the difference between 80% of the Total Room Nights and University‘s actual usage of rooms multiplied by the rate quoted in this contract plus any applicable taxes. Should the Hotel determine that any portion of Group’s Room Block not confirmed as of the Reservation Cut-Off date is available for resell, the Hotel will attempt to sell the unused portion of the Room Block and, if a Group room is resold, Group’s attrition charges shall be reduced by the room rate received on each Group room sold, up to the rate for said room set forth in this Agreement in accordance with Room Block Attrition paragraphs above. If unused Group rooms are returned to Hotel inventory for attempted resale, Group rooms shall be the last in the Hotel’s inventory to be sold.
ROOMS ATTRITION. Hotel is relying on Columbia Pictures to use 147 Room Nights agreed upon in the Guest Room Commitment. Columbia Pictures agrees that a loss will be incurred by Hotel should there be a reduction greater than 30% in Total Room Nights used. Should the room nights actually used by Columbia Pictures be less than 70% of the Total Room Nights, Columbia Pictures agrees to pay, as liquidated damages and not as a penalty, the difference between 70% of the Total Room Nights and Columbia Picture‘s actual usage of rooms multiplied by the average group rate plus any applicable taxes. Should the Hotel determine that any portion of Group’s Room Block not confirmed as of the Reservation Cut-Off date is available for resell, the Hotel will attempt to sell the unused portion of the Room Block and, if a Group room is resold, Group’s attrition charges shall be reduced by the room rate received on each Group room sold, up to the rate for said room set forth in this Agreement in accordance with Room Block Attrition paragraphs above. If unused Group rooms are returned to Hotel inventory for attempted resale, Group rooms shall be the last in the Hotel’s inventory to be sold. FUNCTION SPACE To date, Hotel is not holding any function space for Columbia Pictures.
ROOMS ATTRITION. Hotel is relying on The University’s use of the Room Night Commitment. The University agrees that a loss will be incurred by Hotel if The University’s actual usage is less than 80% of the Room Night Commitment. Should the room nights actually used by The University be less than 80% of the Total Room Nights, The University agrees to pay, as liquidated damages and not as a penalty, the difference between 80% of the Room Night Commitment and the actual usage, multiplied by the average group rate. Group Room Night usage required to avoid attrition penalty: <<XXX>> total room nights
ROOMS ATTRITION. Hotel is relying upon Company’s use of the Room Night Commitment. Company agrees that a loss will be incurred by Hotel if Company’s actual usage is less than [80] % of the Room Night Commitment. If Company’s actual usage is less than [80]% of the Room Night Commitment, Company agrees to pay, as liquidated damages and not as a penalty, the difference between [80]% of the Room Night Commitment and Company’s actual usage, multiplied by the average group room rate, plus applicable taxes.
ROOMS ATTRITION. Waived for Courtesy Block Hotel is relying upon Western Dredging Association’s use of the room night commitment. Western Dredging Association agrees that a loss will be incurred by the Courtyard by Marriott - Mag Mile if Western Dredging Association’s actual usage is less than 90% of the daily room nights actually used. Should the daily room nights actually be used by Western Dredging Association be less than 90% of the daily room night commitment, Western Dredging Association agrees to pay, as liquidated damages and not as a penalty, the difference between 90% of the daily room night commitment and Western Dredging Association’s actual usage of rooms, multiplied by the average Western Dredging Association room rate, plus applicable taxes. The parties agree that the Attrition Damages are reasonable estimates of the losses that would be incurred by Hotel and include consideration of the possibility of Hotel’s ability to mitigate its losses through resale.
ROOMS ATTRITION. Hotel is relying upon National Association of Lease and Title Analysts’ use of the Room Night Commitment. National Association of Lease and Title Analysts agrees that a loss will be incurred by Hotel if National Association of Lease and Title Analysts’ actual usage is less than 80% of the Room Night Commitment. If National Association of Lease and Title Analysts’ actual usage is less than 80%of the Room Night Commitment, National Association of Lease and Title Analysts agrees to pay, as liquidated damages and not as a penalty, the difference between 80%of the Room Night Commitment and National Association of Lease and Title Analysts’ actual usage, multiplied by the average group room rate, plus applicable taxes. METHOD OF RESERVATIONS Hotel is pleased to offer the use of our online group reservations system powered by Passkey. A room list is to be provided by the meeting planner or designate, by the cutoff date of Friday, May 30, 2014 in the Hotel room list format for automatic upload into Passkey. The planner will be given access to make, modify or cancel reservations after the first list is uploaded and/or Hotel will publish a website for attendees to access to manage their modifications or changes themselves. Reservations must be made on or before the cutoff date of Friday, May 30, 2014 in order to be eligible for the group rate. Any reservations made after the Cutoff Date shall be at the Hotels then current available rate. Hotel will supply a username and password to provide you with 24/7 online access to your group’s information and reports.
ROOMS ATTRITION. Overeaters Anonymous NC State Convention 2020 agrees that it will pay Hotel $95.00 for each room night not utilized below 50 room nights, plus applicable taxes, as a reasonable estimate of the harm the attrition will cause the Hotel. Hotel agrees that after receiving this payment, it will not seek additional damages.
ROOMS ATTRITION. Hotel is relying on Association of Florida Colleges Foundation to use 244 Total Room Nights. Association of Florida Colleges Foundation agrees that a loss will be incurred by Hotel should there be a reduction greater than 20% in Total Room Nights used. Should the room nights actually used by Association of Florida Colleges Foundation be less than 80% of the Total Room Nights (195 room nights), Association of Florida Colleges Foundation agrees to pay, as liquidated damages and not as a penalty, the difference between 80% of the Total Room Nights and Association of Florida Colleges Foundation‘s actual usage of rooms multiplied by the average group rate plus any applicable taxes. Should the Hotel determine that any portion of Group’s Room Block not confirmed as of the Reservation Cut-Off date is available for resell, the Hotel will attempt to sell the unused portion of the Room Block and, if a Group room is resold, Group’s attrition charges shall be reduced by the room rate received on each Group room sold, up to the rate for said room set forth in this Agreement in accordance with Room Block Attrition paragraphs above. If unused Group rooms are returned to Hotel inventory for attempted resale, Group rooms shall be the last in the Hotel’s inventory to be sold.
ROOMS ATTRITION. In the event that a reduction of more than 10% occurs, will be charged the difference of the contracted and the actual number of rooms picked-up multiplied by group’s contracted room rate.. The Sheraton Nashville Downtown may also adjust any concessions previously offered in this agreement including those concessions offered on a complimentary basis. In addition, the Sheraton Nashville Downtown Hotel may adjust the function space in direct proportion to room block reductions greater than 10%. Additionally, if the nightly group pick-up exceeds the original contracted nightly block or the minimum nightly guarantee, then the actual nightly number of rooms reserved one week prior to the main arrival date, will become the revised and final minimum nightly guarantee. RESERVATION METHOD (Check One) Individual Reservation/Rooming List must be made no later than Reservations will be by: □ Individual Call In – Please contact the Hotel Direct, Toll free 0-000-000-0000 or via Fax at 615-742- 6056. Once and individual reservation has been made, any changes should be made directly with our Group Reservations Department. A credit card number or 1 nights advanced deposit will be required to secure a room out of this block. Cancellations must be received 72 hours prior to arrival or 1 night room and tax will be assessed. □ Rooming List – You shall submit a rooming list to the Hotel @ 000-000-0000. Please be sure to include name of attendees, arrival and departure dates, and if available, the times of arrival and departure. Cancellations must be received 72 hours prior to arrival or 1 night room and tax will be assessed.
ROOMS ATTRITION. Hotel is relying upon HCIC’s use of the per night Room Night Commitment. HCIC agrees that a loss will be incurred by Hotel if HCIC’s actual usage is less than 90% on a nightly basis of the Room Night Commitment. If HCIC’s actual usage is less than 90% on a nightly basis of the Room Night Commitment, HCIC agrees to pay, as liquidated damages and not as a penalty, the difference between 90% of the Room Night Commitment and HCIC’s actual usage, multiplied by the average group room rate on a nightly basis, plus applicable taxes. Rooms actualized outside of the per night Room Night Commitment will not be counted in the attrition calculation.
