Room Block Commitment definition
Examples of Room Block Commitment in a sentence
If the parties hereto accept such new terms, Manager will submit a new Room Block Commitment setting forth the agreed upon terms to be accepted by the Potential Convention Center Customer.
Reduction or attrition is defined as a decrease from the total Room Block Commitment as determined in this Agreement.
Notwithstanding the foregoing, Manager will provide a Room Block Commitment in excess of the Required Room Block Days and the Required Room Block Size once per Operating Year, provided (i) a Sales Representative makes the Room Block Request only for an extraordinary Event taking up at least 75% of the function space (as measured in square feet of floor area) at the Convention Center, and (ii) space is available in the Hotel for the requested dates.
If a Sales Representative makes such request and an insufficient number of rooms are available in the Hotel to provide said Room Block Commitment, then the parties agree to work in good faith to try to accommodate the Room Block Request if possible.
Manager shall also include a provision in a Room Block Commitment, which permits Manager to increase rates from the rate quoted in current year dollars in the Room Block Commitment to the Permitted Rate that would apply in the year of the Event.
If an outstanding Room Block Commitment is not accepted in writing by a Potential Convention Center Customer (thereby becoming a Room Block Contract) within the required hold period corresponding to the applicable Booking Period as set forth in the chart under the definition of “Room Block Days” in Article 1 of this Agreement, such Room Block Commitment shall be deemed withdrawn.
Each Room Block Commitment shall include (a) room rates for the Event, with the understanding that such rates shall be no greater than the Permitted Rate; and (b) such information as Manager customarily provides to meeting planners.
In addition if Manager can demonstrate that the Potential Convention Center Customer has a documented history of causing property damage or having poor credit; or would cause a violation or default under the terms of the Management Agreement, Manager may refuse to issue a Room Block Commitment in favor of a Potential Convention Center Customer.
Manager and Sales Representative must consent before any modifications may be made to a Room Block Commitment as requested by the Potential Convention Center Customer.
Notwithstanding the foregoing, the parties shall consider in good faith any reasonable request made by the other party or Manager to be flexible with respect to the length of the required hold period with respect to any particular Room Block Commitment.