Booking Value definition
Examples of Booking Value in a sentence
Decolar shall collect, on behalf of Expedia, the Gross Booking Value for any Affiliate-Collect Bookings of any Travel Products made by an End User and for which Decolar has acted as the Merchant of Record, excluding any Service Fees and Taxes, in each case, imposed in excess of the Room Rate (the “Room Revenue”).
The Company shall (subject to the Agent performing its obligations under this Agreement) pay to the Agent a commission equal to 10% (ten) percent (%) of the Gross Booking Value invoiced for all Packages for which the Agent concludes a supply contract on behalf of the Company pursuant to and during the term of this Agreement.
For the purpose of this Agreement, “Minimum Bookings Percentage” shall mean [***]; and the “Relaxed Bookings Percentage” shall mean from 1 January 2020 to the date of any Election Notice: [***] of the Gross Booking Value from non-Expedia sourced Travel Product in respect of the Expedia Territory.
The cost of any repairs, rubbish or tyre removal and additional cleaning required by the Venue Operator to reinstate the Venue to such clean and tidy condition will be charged to the Hirer in addition to the Booking Value and any Other Charges.
Each Event will be assessed on a case by case basis and the Hirer may still be liable for the full Booking Value.
Decolar shall collect, on behalf of Expedia, or any of its Affiliates, including Travelscape LLC, the Gross Booking Value for any Affiliate-Collect Bookings of any Travel Products made by an End User and for which Decolar has acted as the Merchant of Record, excluding any Service Fees and Taxes, in each case, imposed in excess of the Room Rate (the “Room Revenue”).
The balance of the Booking Value is determined once all estimated costs have been confirmed and is to be paid by the Hirer within 7 days of receipt of final invoice.
According to such Monthly Gross Booking Values, the simple average Monthly Gross Booking Value during the 3-month period preceding the date hereof was US$ _______ (the “First Base Monthly GBV”).
Such termination shall be without prejudice to the Venue Operator’s right to recover the Booking Value and other money payable by the Hirer under this Agreement and the rights of the Venue Operator in respect of an earlier breach of any of the provisions contained or implied in this Agreement.
Decolar shall collect, on behalf, but not in the name, of Expedia, or any of its Affiliates, including Travelscape LLC, the Gross Booking Value for any Affiliate-Collect Bookings of any Travel Products made by an End User and for which Decolar has acted as the Merchant of Record, excluding any Service Fees and Taxes, in each case, imposed in excess of the Room Rate (the “Room Revenue”).