Accounting, Interim Payment and Annual Reconciliation. A. Within twenty (20) days after the close of each calendar month, Manager shall deliver an accounting (the “Monthly Statement”) to Owner showing Gross Revenues, Gross Room Revenues, occupancy percentage and average daily rate, Deductions, Operating Profit, and applications and distributions thereof for the preceding calendar month and year-to-date.
Appears in 6 contracts
Samples: Management Agreement (Hospitality Properties Trust), Management Agreement (Hospitality Properties Trust), Management Agreement (Hospitality Properties Trust)
Accounting, Interim Payment and Annual Reconciliation. A. Within twenty fifteen (2015) days after the close of each calendar month, Manager shall deliver an accounting (the “Monthly Statement”) to Owner showing Gross Revenues, Gross Room Revenues, occupancy percentage and average daily rate, Deductions, Operating Profit, and applications and distributions thereof for the preceding calendar month and year-to-date.
Appears in 3 contracts
Samples: Management Agreement (Service Properties Trust), Management Agreement (Service Properties Trust), Management Agreement (Service Properties Trust)
Accounting, Interim Payment and Annual Reconciliation. A. Within twenty fifteen (2015) days after the close of each calendar month, Manager shall deliver an accounting (the “Monthly Statement”) to the applicable Owner showing Gross Revenues, Gross Room Revenues, occupancy percentage and average daily rate, Deductions, Operating Profit, and applications and distributions thereof for each Hotel for the preceding calendar month and year-to-date.
Appears in 2 contracts
Samples: Management Agreement (Service Properties Trust), Management Agreement (Service Properties Trust)
