The way it is worded makes sense to me.

For me though, a holding fee should be just that ... a holding fee. There would be no refunds or credits...period. I would be more inclined to offer the parent to use 2-3 days of care but I wouldn't credit the holding fee toward their first week of care. I think if the kid came a few times before the actual start date A) it would help with the transition B) the parents would be less likely to flake out on you.

I could be wrong tbough but that is my train of thought.