Reservation System or definition
Examples of Reservation System or in a sentence
We will operate and maintain (directly or by subcontracting with an affiliate or one or more third parties) a computerized Reservation System or such technological substitute(s) as we determine, in our discretion.
Furthermore, upon Termination, Manager shall be entitled to remove from the applicable Hotels without compensation to Tenant any computer equipment utilized as part of a Reservation System or owned by a party other than Tenant, unless a Franchise Agreement is in place and such equipment is to be provided pursuant to the Franchise Agreement.
Neither Starwood, nor any of its Affiliates (i) has made or will make any representation, warranty or guarantee to Vistana or any of its Affiliates, users of the Reservation System or any other Person as to the accuracy, quality, timeliness or completeness of information in the Reservation System or the fulfillment of any reservation made, or (ii) has any obligation to monitor, review, verify, correct or edit any information in the Reservation System.
Borrower shall not create, incur or permit to exist any mortgage, pledge, encumbrance, Lien or security interest of any kind on the Reservation System or the Vacation Club Management Agreement.
Franchisee will: (i) honor any prices, rates or discounts that appear in the Reservation System or elsewhere; (ii) honor all reservations made through the Reservation System or that are confirmed; and (iii) not charge any Hotel guest a rate higher than the rate specified for the Hotel guest’s reservation in the Reservation System or, if not made through the Reservation System, in the reservation confirmation.
TRX does not guarantee or ensure the services to be provided by any supplier, including, without limitation, the Computer Reservation System or Global Distribution System, the financial position of suppliers or the reimbursement for any loss experienced as a result of the financial condition of suppliers.
Franchisee is responsible for setting its own prices and rates for Guestrooms and other products and services at the Hotel and determining any prices or rates that appear in the Reservation System or any other publication or system (written or electronic) that lists any prices or rates for the Hotel.
AXP hereby grants to GT a non-exclusive, world- wide, license during the Term to any technology provided by AXP for inclusion in the Reservation System or any integration work solely for the purpose of joint operation of the AXP and GT technology.
Nothing in this Agreement shall be deemed to imply that GT is assigning or transferring any right, title and interest in or to the Reservation System or General Work Orders or that any code or software related to the Reservation System or General Work Orders is to be provided to AXP under the terms of this Agreement, except as provided in Exhibit "W" (Escrow).
As of the Effective Date and during the Term of the Agreement, each party has or will have customer relationships pursuant to which GT provides the Reservation System or AXP provides on-line travel booking services ("Existing Customers").