Just checked a reservation I might make some modifications to and noticed this:
Rate Rules
Weekend rate, prepay in full, non-refundable if cancelled less than 45 days before arrival
Canceling Your Reservation
You may cancel your reservation for no charge until 6:00 PM hotel time on October 8, 2010.
Please note that we will assess a fee of 265.96 USD if you must cancel after this deadline.
If you have made a prepayment, we will retain all or part of your prepayment. If not, we will charge your credit card.
This fee equals 1 night of your room charge plus tax (for the first night of your reservation).
I haven't prepaid for this reservation. So I should be able to cancel up until 6pm on 10/8, right?