Advance Reservations. At the Close of Escrow, each Seller shall provide Purchaser with a schedule of post-closing confirmed Bookings for such Seller’s Hotel. Purchaser shall honor all such confirmed and Bookings, provided that such Bookings were booked by Sellers in a manner consistent with normal business practices.
Appears in 2 contracts
Samples: Purchase and Sale Agreement and Escrow Instructions (Chatham Lodging Trust), Purchase and Sale Agreement and Escrow Instructions (Innkeepers Usa Trust/Fl)
Advance Reservations. At the Close of Escrow, each Seller shall provide Purchaser with a schedule of post-closing confirmed Bookings for such Seller’s the Hotel. Purchaser shall honor all such confirmed and Bookings, provided that such Bookings were booked by Sellers in the Ordinary Course. Purchaser shall receive a manner consistent with normal business practicescredit for all prepaid deposits for Bookings scheduled for accommodations or events after the Closing Date which Purchaser is obligated to honor pursuant to this Agreement, except to the extent such deposits are transferred to Purchaser.
Appears in 2 contracts
Samples: Purchase and Sale Agreement and Escrow Instructions (Chesapeake Lodging Trust), Purchase and Sale Agreement and Escrow Instructions (Chesapeake Lodging Trust)
Advance Reservations. At the Close of Escrow, each Seller shall provide Purchaser with a schedule of post-closing confirmed Bookings for such Seller’s the Hotel. Purchaser shall honor all such confirmed and Bookings, provided that such Bookings were booked by Sellers Seller in a manner consistent with normal business practices.
Appears in 1 contract
Samples: Purchase and Sale Agreement and Escrow Instructions (Ashford Hospitality Trust Inc)
