Advance Reservations. On the Closing Date, each direct Owner of a Hotel shall provide Parent with an exhibit of post-closing confirmed Bookings for such Hotel. Parent shall honor all such confirmed and Bookings, provided that such Bookings were booked by such Owner of the Hotel in a manner consistent with normal business practices. Prepaid and unearned reservation deposits and other items prepaid by guests of the Hotels shall be credited to Parent at the Closing.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Inland American Real Estate Trust, Inc.), Agreement and Plan of Merger (Inland American Real Estate Trust, Inc.), Agreement and Plan of Merger (Inland American Real Estate Trust, Inc.)
