Examples of Gross Rooms Revenue in a sentence
Sonder will have the right to continue to accept reservations through the Sonder Reservation System for each Property from the Effective Date until such Property’s Initial Availability Date; provided, however, that beginning on the Initial Onboarding Date all revenue resulting from reservations booked through the Sonder Reservation System will be included in Gross Rooms Revenue.
Sonder will account for Gross Rooms Revenue and Member Paid Revenue, (collectively, the “Financial Information”) on an accrual basis, as applicable, and in compliance with this Agreement.
With respect to each Property, for each month during the Term, beginning with the month in which such Property’s Initial Availability Date occurs, Sonder will pay Marriott a fee in an amount equal to 1% of the Gross Rooms Revenue for such Property for such month (the “Sales and Marketing Charge”), which Marriott will use for the Marketing Activities.