Owner’s Guest definition

Owner’s Guest is a person who is occupying the Unit as the guest of the Owner, for no compensation. However, Owner is advised that frequent use during the “High Peak Season” may result in significantly reduced Net Rental Income for the Unit as a result of the corresponding loss of the “High Peak Season” rentals for the Unit. “High Peak Season” is defined for purposes of this Agreement as dates during the year which are identified on a calendar published or posted by Operator as the High Peak Season. Generally these dates will include seasonal periods where occupancy is historically greater than 75%, and may include the entire stay when the occupancy is at this level. (Owner acknowledges that the High Peak Season has in the past included the summer months of June, July, and August, the week of Christmas through New Year’s Day and the following weekend, the weeks including Memorial Day, July 4th and Labor Day, weekends from mid- January through Mid-April, Spring Break (from the last 10 days of March through the second week of April), and other selected weekends and that the calendar is always changing. High Peak Season also includes convention dates where the Resort has high occupancy due to the event dates. The Operator will provide on request, information on which dates are expected to be High Peak Season dates. The Owner agrees that during these High Peak Seasons, Owner’s use the Unit will be limited. If Owner reserves a night stay for a night included in a declared High Peak Season, the Owner agrees to pay to Operator a charge equal to the 40% of Net Room Revenue Operator would have received for that night’s stay, measured against the High Peak Season’s average daily rate, which will be charged to the Owner’s account for that period, and be billed accordingly (the “Make-up Payment’). In addition, Owner acknowledges that a large number of room blocks are reserved up to 3 years in advance for conventions, meetings, outings, sporting events, leisure travel and conferences and that such long term block reservations will also be considered High Peak Season dates depending on the number of overnight rooms required. Owner must provide a minimum of three days’ advance notice for a reservation of the Unit. In addition, Operator strongly encourages the Owner to reserve use of the Unit as far in advance as possible in order to accommodate the rental of the Unit to Guests and for the availability of the Unit for Owner’s use during the slower seasons. If the Unit has already been ...
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Owner’s Guest. A person booked by the Owner. Premises: The building and land more particularly known as: ?? Term: There is no Term to this agreement it may be cancelled at any time by either party.
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Examples of Owner’s Guest in a sentence

  • The Owner’s Guest (as defined in paragraph 9 below) shall pay for the Cleaning Charge for each stay, and those Cleaning Charges shall be put on the statement for the Owners Guest and no Owner Guests will be comped the Cleaning Charge.

  • Upon the expiry or termination of this Agreement, the Owner shall forthwith vacate the Facilities and remove the Vessel and all Owner’s other goods and effects from the Facilities and cause any Owner’s Guest to do likewise.

  • Upon expiration of an Owner’s Guest Access Allowance a mandatory resort subsidy charge will be assessed against such Owner’s Condo-Hotel Unit, for the occupancy by such respective Owner’s guests.

  • Thorough cleaning of Residence during Owner or Owner’s Guest occupancy at "mid-week" during stays of six or more nights.

  • Mid-Week Cleaning for Owner or Owner’s Guest staying less than six nights, requires advance notice and is subject to available staffing.

  • Such Standard Cleaning Charge will be shown on the Owner’s and/or the Owner’s Guest of stay statement.

  • A final dusting and vacuuming, as needed, is available upon request for Owners or Owner’s Guest, provided at the expense of the Owner prior to the arrival if the Residence has been unoccupied for a period of at least two weeks or pre-arrival inspection determines a need.

  • No Person has any Lien (other than Permitted Liens) on any accounts receivable of Seller or any part thereof, and no agreement for deduction, free services or goods, discount or other deferred price or quantity adjustment has been made with respect to any such accounts receivable of Seller.

  • The Owner shall not in any way enable, permit or otherwise allow any Owner’s Guest or other person to enter or be present in the Facilities unless accompanied by the Owner.

  • The Owner shall not be charged the Standard Cleaning Charge, for the first five stays in each calendar year, and the Owner shall be charged the Standard Cleaning Charge for each stay by an Owner’s Guest, but this shall only apply for nights for which the Operator is not receiving the Make-up Payment.