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Clauses Acceptance A specific date/time when the contract must be signed and sent back to the hotel in order to be considered final and valid. Clause 1 Prior to execution by both parties, this document represents an offer by the Hotel. Unless the Hotel otherwise notifies Group at any time prior to Groupâs execution of this document, the outlined format and dates will be held by the Hotel for Group on a first-option basis until XX/XX/XXXX. If Group cannot make a commitment prior to that date, the offer will revert to a second option basis or, at the Hotelâs option, the arrangements will be released, in which case neither party will have any further obligations. Upon receipt by Hotel of a fully executed version of this Contract prior to XX/XX/XXXX, or upon Hotelâs acceptance of a fully executed version of this Contract after such date, it will be placed on a definite basis and will be binding upon Hotel and Group. Clause 2 Please sign and return a copy of this Agreement by XX/XX/XXXX. This Agreement will constitute a binding contract between the parties. The individuals signing below represent that each is authorized to bind his or her party to the Agreement. If this Agreement is not received by the date above, all rooms and space referred to herein will be released, and neither party will have any further obligations under this Agreement. In the event another organization requests the dates and is in a position to confirm immediately, you will be advised and given twenty-four (24) hours to confirm on a definite basis or alternate dates can be researched and held for your use. XX Hotel and Group have agreed to execute agreement by their authorized representatives as of the dates indicated below. Group XX Hotel (Insert Printed Name) (Insert Printed Name) (Insert Signature) (Insert Signature) Date: Date: Clause 3 XX Hotel and Group have agreed to and have executed this contract by their authorized representatives as of the dates indicated below: Approved and authorized by Group: Approved and authorized by XX Hotel Name: (Print) Name: (Print) Title: (Print) Title: (Print) Signature: Signature: Date: Date: