Examples of Reservation Deposit in a sentence
Unless the Owner agrees in writing otherwise, the User’s failure to pay the Rental Fee in full by the required date will result in the forfeiture of the Reservation Deposit to the Owner and the immediate termination and cancelation of the User’s right to the Premises for the Rental Period.
The total amount due (rent + fees) as set forth in the Booking Form, less the Reservation Deposit, is due and payable within 48 hours of the end of the Rental Period.
The Owner will refund the User’s Rental Fee, but not the Reservation Deposit, in the event any of the following occur prior to the Rental Period: (i) the User, or a parent, child or grandchild of the User dies within 48 hours prior to the Rental Period, or (ii) the User is hospitalized 24 or fewer hours prior to the Rental Period.
It is understood and agreed that this Agreement shall not be effective until the FCPA has received the Reservation Deposit.
It is further agreed that if the Reservation Deposit is not received on or before , 20 , this Agreement is null and void and of no further force and effect.