Reservation Value definition

Reservation Value means the price quoted for a Booking, including the conservation levy payable thereon;
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Examples of Reservation Value in a sentence

  • In case of Cancellation less than 7 days and more than 2 days before the Commencement Date, the Contracting Party is obliged to pay 60% of the Reservation Value to the Hotel.

  • In case of Cancellation less than one month and more than 14 days before the Commencement Date, the Contracting Party is obliged to pay 15% of the Reservation Value to the Hotel.

  • In case of Cancellation less than 14 days and more than 7 days before the Commencement Date, the Contracting Party is obliged to pay 35% of the Reservation Value to the Hotel.

  • In case of Cancellation less than 48 hours before the Commencement Date, the Contracting Party is obliged to pay 100% of the Reservation Value to the Hotel.

  • An amount of 50% of the Reservation Value must be paid within 14 days after the Contract has been concluded by means of timely transfer to a Center Parcs bank account or by means of a cash payment.

  • In a case of "No Show" the Customer must always pay the complete Reservation Value.

  • The Customer owes the Reservation Value as included in the Contract.

  • In special cases - in particular when it is a booking with a Reservation Value above € 100,000, Center Parcs has the right to ask the Customer to provide further financial securities before carrying out the services.

  • The amount of the cancellation fee will depend on the date of termination: • In the case of a termination more than 12 weeks before the date on which in accordance with the Contract the first service would have been performed the Customer must pay Center Parcs 25% of the Reservation Value.

  • Any liability of Center Parcs is always limited to the Reservation Value or maximally the amount of compensation to be provided by the insurer of Center Parcs, if this amount is higher than the Reservation Value.

Related to Reservation Value

  • Option Value means the value of a Common Stock Equivalent based on the Black Scholes Option Pricing model obtained from the “OV” function on Bloomberg determined as of (A) the Trading Day prior to the public announcement of the issuance of the applicable Common Stock Equivalent, if the issuance of such Common Stock Equivalent is publicly announced or (B) the Trading Day immediately following the issuance of the applicable Common Stock Equivalent if the issuance of such Common Stock Equivalent is not publicly announced, for pricing purposes and reflecting (i) a risk-free interest rate corresponding to the U.S. Treasury rate for a period equal to the remaining term of the applicable Common Stock Equivalent as of the applicable date of determination, (ii) an expected volatility equal to the greater of 100% and the 100 day volatility obtained from the HVT function on Bloomberg as of (A) the Trading Day immediately following the public announcement of the applicable Common Stock Equivalent if the issuance of such Common Stock Equivalent is publicly announced or (B) the Trading Day immediately following the issuance of the applicable Common Stock Equivalent if the issuance of such Common Stock Equivalent is not publicly announced, (iii) the underlying price per share used in such calculation shall be the highest VWAP of the Common Stock during the period beginning on the Trading Day prior to the execution of definitive documentation relating to the issuance of the applicable Common Stock Equivalent and ending on (A) the Trading Day immediately following the public announcement of such issuance, if the issuance of such Common Stock Equivalent is publicly announced or (B) the Trading Day immediately following the issuance of the applicable Common Stock Equivalent if the issuance of such Common Stock Equivalent is not publicly announced, (iv) a zero cost of borrow and (v) a 360 day annualization factor.

  • Disposition Value means, at any time, with respect to any property

  • Liquidation Value With respect to the Business Combination Vote, the Company shall cause all of the Initial Stockholders to vote the shares of Common Stock owned by them immediately prior to this Offering in accordance with the vote of the holders of a majority of the IPO Shares. At the time the Company seeks approval of any potential Business Combination, the Company will offer each of holders of the Company's Common Stock issued in this Offering ("IPO Shares") the right to convert their IPO Shares at a per share price equal to the amount in the Trust Fund (inclusive of any interest income therein) on the record date ("Conversion Price") for determination of stockholders entitled to vote upon the proposal to approve such Business Combination ("Record Date") divided by the total number of IPO Shares. The Company's "Liquidation Value" shall mean the Company's book value, as determined by the Company and audited by BDO. In no event, however, will the Company's Liquidation Value be less than the Trust Fund, inclusive of any net interest income thereon. If holders of less than 20% in interest of the Company's IPO Shares vote against such approval of a Business Combination, the Company may, but will not be required to, proceed with such Business Combination. If the Company elects to so proceed, it will convert shares, based upon the Conversion Price, from those holders of IPO Shares who affirmatively requested such conversion and who voted against the Business Combination. Only holders of IPO Shares shall be entitled to receive liquidating distributions and the Company shall pay no liquidating distributions with respect to any other shares of capital stock of the Company. If holders of 20% or more in interest of the IPO Shares vote against approval of any potential Business Combination, the Company will not proceed with such Business Combination and will not convert such shares.

  • Capitalization Value means the sum of (i) Combined EBITDA capitalized at an annual interest rate equal to 8.25%, and (ii) Cash and Cash Equivalents, and (iii) Construction Asset Cost.

  • Transaction Value : means the actual contract value (the bid sum or price) in South African currency, inclusive of all applicable taxes in respect of the goods, services or construction works that are contracted for.