Common use of Accounting and Interim Payment Clause in Contracts

Accounting and Interim Payment. A. Manager shall submit monthly, pursuant to Section 15.02, an interim accounting to Lessee showing Gross Revenues, Deductions, House Profit, Gross Operating Profit and Net Operating Income before Debt Service.

Appears in 7 contracts

Samples: Hotel Master Management Agreement (Ashford Inc.), Management Agreement (Ashford Hospitality Prime, Inc.), Management Agreement (Ashford Hospitality Prime, Inc.)

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Accounting and Interim Payment. A. (a) Manager shall submit monthly, pursuant to Section 15.0215.2, an interim accounting to Lessee showing Gross Revenues, Deductions, House Profit, Gross Operating Profit and Net Operating Income before Debt Service.

Appears in 3 contracts

Samples: Management Agreement, Master Management Agreement (MHI Hospitality CORP), Hotel Master Management Agreement (MHI Hospitality CORP)

Accounting and Interim Payment. A. Manager shall submit monthly, pursuant to Section 15.02, an interim accounting to Lessee showing Gross Revenues, Deductions, House Profit, Gross Operating Profit and Net Operating Income before Debt Service.

Appears in 2 contracts

Samples: Hotel Master Management Agreement (Ashford Hospitality Trust Inc), Hotel Master Management Agreement (Ashford Hospitality Trust Inc)

Accounting and Interim Payment. A. (a) Manager shall submit monthly, pursuant to Section 15.02, an interim accounting to Lessee showing Gross Revenues, Deductions, House Profit, Gross Operating Profit and Net Operating Income before Debt Service.

Appears in 1 contract

Samples: Hotel Master Management Agreement (Stirling Hotels & Resorts, Inc.)

Accounting and Interim Payment. A. (a) Manager shall submit monthly, to Lessee a monthly statement pursuant to Section 15.0215.2, an interim accounting to Lessee showing Gross Revenues, Deductions, House Profit, Gross Operating Profit and Net Operating Income before Debt Service.

Appears in 1 contract

Samples: Master Agreement (Sotherly Hotels Lp)

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Accounting and Interim Payment. A. Manager shall submit monthly, pursuant to Section 15.02, an interim accounting to Lessee showing Gross Revenues, Deductions, House Gross Operating Profit, Gross Operating Profit and Net Operating Income before Debt Service, owner’s distribution, 90 day projection of Cash Flow and reforecast through end of Fiscal Year.

Appears in 1 contract

Samples: Hotel Master Management Agreement (Ashford Hospitality Trust Inc)

Accounting and Interim Payment. A. (a) Manager shall submit monthly, to Lessee a monthly statement pursuant to Section 15.0215.2, an interim accounting to Lessee showing Gross Revenues, Deductions, House Profit, Gross Operating Profit and Net Operating Income before Debt Service.. 8477886-v2\WASDMS 28

Appears in 1 contract

Samples: Hotel Management Agreement (Sotherly Hotels Lp)

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