Reservation Holder definition

Reservation Holder refers to the person designated as such in the reservation. If no designation is made, the first adult passenger in the reservation shall be considered the Reservation Holder.
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Examples of Reservation Holder in a sentence

  • Reservation Holder may hold only one first priority reservation at a time.

  • Reservation Holder shall not assign, transfer, pledge, encumber, or hypothecate in any manner this Reservation or, if Reservation Holder is an entity, any ownership interests or any voting or management rights in Reservation Holder or entities of any level which have any direct or indirect interest in Reservation Holder, without in each instance obtaining Developer’s prior written consent, which Developer may withhold in its sole discretion.

  • If Reservation Holder does not obtain or maintain approval from Preferred Lender within the time required by this Paragraph, Developer may terminate this Reservation in Developer’s sole discretion by delivering notice of termination to Reservation Holder.

  • The Deposit will be credited against the ▇▇▇▇▇▇▇ money specified in the Purchase Agreement or returned to Reservation Holder if this Reservation is canceled.

  • Reservation Holder, Broker or the Selling Broker shall deliver the ▇▇▇▇▇▇▇ Money Deposit to Escrow Agent and Escrow Agent shall hold the ▇▇▇▇▇▇▇ Money Deposit in accordance with the Purchase Agreement.

  • This Reservation shall be void if Reservation Holder has not delivered the Deposit or if any check or other instrument representing the Deposit is not honored.

  • Reservation Holder and Developer shall sign additional instructions with regard to the Deposit if requested by Escrow Agent.

  • Developer will determine if Reservation Holder has been approved by Preferred Lender in Developer’s sole discretion.

  • Reservation Holder acknowledges receipt of the pamphlet titled “The Law of Real Estate Agency.” If Reservation Holder wishes to be represented by its own selling broker, then such selling broker must be disclosed in this Reservation in the space provided on the signature page below.

  • Reservation Holder must maintain its approved status during the term of this Reservation and must report material changes in income, assets, employment and other factors to Preferred Lender for that purpose.