Common use of Accounting and Interim Payment Clause in Contracts

Accounting and Interim Payment. A. Within twenty (20) days after the close of each Accounting Period, Manager shall submit an interim accounting to Lessee showing Gross Revenues, Suite Revenues, Deductions, Operating Profit, and applications thereof with respect to the Inns, and an operating balance sheet for each Inn. Manager shall transfer with each accounting any interim amounts due Lessee and shall retain any interim amounts due Manager (as described in Section 5.01 hereof). Each accounting will be prepared on a consolidated basis and on an individual Inn basis.

Accounting and Interim Payment. A. Within twenty (20) days after the close of each Accounting Period, Manager shall submit an interim accounting to Lessee showing Gross Revenues, Suite Revenues, Deductions, Operating Profit, and applications thereof with respect to the Inns, and an operating balance sheet for each Inn. Manager shall transfer with each accounting any interim amounts due Lessee and shall retain any interim amounts due Manager Manager, (as described in Section 5.01 hereof). Each accounting will be prepared on a consolidated basis and on an individual Inn basis.

Accounting and Interim Payment. A. Within twenty (20) days after the close of each Accounting Period, Manager shall submit an interim accounting to Lessee Owner showing Gross Revenues, Suite Revenues, Deductions, Operating Profit, and applications thereof with respect to the Inns, and an operating balance sheet for each Inn. Manager shall transfer with each accounting any interim amounts due Lessee Owner and shall retain any interim amounts due Manager (as described in Section 5.01 hereof). Each accounting will be prepared on a consolidated basis and rather than on an individual Inn inn basis.

Accounting and Interim Payment. A. Within twenty (20) days after the close of each Accounting Period, Manager shall submit an interim accounting to Lessee showing Gross Revenues, Suite RevenuesRevenue, Deductions, Operating Profit, and applications thereof with respect to the Inns, and an operating balance sheet for each Innthereof. Manager shall transfer with each accounting any interim amounts due Lessee and shall retain any interim amounts due Manager (as described in Section 5.01 hereofthis Article V). Each accounting will be prepared on a consolidated basis and on an individual Inn basis.