Common use of Remittance Clause in Contracts

Remittance. Lessee shall remit to Lessor or Lessor's nominee, simultaneously with the termination of this Lease, all funds remaining, if any, after payment of all accrued Gross Operating Expenses, and other amounts due Lessee and after deducting the costs of any scheduled repair, replacement, or refurbishment of Furniture and Equipment with respect to which deposits have been made.

Appears in 13 contracts

Sources: Contract for Purchase and Sale of Hotels (Felcor Suite Hotels Inc), Master Lease Agreement (Humphrey Hospitality Trust Inc), Lease Agreement (Humphrey Hospitality Trust Inc)

Remittance. Lessee shall remit to Lessor or Lessor's ’s nominee, simultaneously with the termination of this Lease, all funds remaining, if any, after payment of all accrued Gross Operating Expenses, and other amounts due Lessee and after deducting the costs of any scheduled repair, replacement, or refurbishment of Furniture and Equipment with respect to which deposits have been made.

Appears in 5 contracts

Sources: Master Lease Agreement, Master Lease Agreement (Supertel Hospitality Inc), Master Lease Agreement (Supertel Hospitality Inc)

Remittance. Lessee shall remit to Lessor or Lessor's nominee, simultaneously with the termination of this Lease, all funds remaining, if any, after payment of all accrued Gross Operating Expenses, and other amounts due Lessee and after deducting the costs of any scheduled repair, replacement, replacement or refurbishment of Furniture and Equipment with respect to which deposits have been made.

Appears in 2 contracts

Sources: Revolving Credit Agreement (Sunstone Hotel Investors Inc), Lease Agreement (Hammons John Q Hotels Inc)

Remittance. Lessee shall remit to Lessor or Lessor's nominee, ---------- simultaneously with the termination of this Lease, all funds remaining, if any, after payment of all accrued Gross Operating Expenses, and other amounts due Lessee and after deducting the costs of any scheduled repair, replacement, or refurbishment of Furniture and Equipment with respect to which deposits have been made.

Appears in 1 contract

Sources: Lease Agreement (Humphrey Hospitality Trust Inc)

Remittance. Lessee shall remit to Lessor or Lessor's ’s nominee, simultaneously with the termination of this Lease, all funds remaining, if any, after payment of all accrued Gross Operating Expenses, and other amounts due Lessee and after deducting the costs of any scheduled repair, replacement, replacement or refurbishment of Furniture and Equipment with respect to which deposits have been made.

Appears in 1 contract

Sources: Lease Agreement (Sunstone Hotel Investors, Inc.)

Remittance. Lessee shall remit to Lessor or Lessor's nominee, simultaneously with the termination of this LeaseMaster Lease with respect to the Leased Property, all funds remaining, if any, after payment of all accrued Gross Operating Expenses, and other amounts due Lessee and after deducting the costs of any scheduled repair, replacement, or refurbishment of Furniture and Equipment with respect to which deposits have been made.

Appears in 1 contract

Sources: Master Lease Agreement (Winston Hotels Inc)

Remittance. Lessee shall remit to Lessor or Lessor's nominee, simultaneously with the termination of this Lease, all funds remaining, if any, after payment of all accrued Gross Operating Expenses, and other amounts due Lessee and after deducting the costs of any scheduled repair, replacement, or refurbishment of Furniture Furniture, Fixtures and Equipment and of the Leased Premises and Fixtures, with respect to which deposits have been mademade with Lessee from the FF&E Reserve or other funds of Lessor.

Appears in 1 contract

Sources: Master Lease Agreement (PMC Commercial Trust /Tx)

Remittance. Lessee shall remit to Lessor or Lessor's ---------- nominee, simultaneously with the termination of this Lease, all funds remaining, if any, after payment of all accrued Gross Operating Expenses, and other amounts due Lessee and after deducting the costs of any scheduled repair, replacement, or refurbishment of Furniture and Equipment with respect to which deposits have been made.

Appears in 1 contract

Sources: Master Lease Agreement (Humphrey Hospitality Trust Inc)

Remittance. Lessee shall remit to Lessor or Lessor's nominee, simultaneously with the termination of this LeaseAgreement, all funds remaining, if any, after payment of all accrued Gross Operating Expenses, and other amounts due Lessee and after deducting the costs of any scheduled repair, replacement, or refurbishment of Furniture and Equipment with respect to which deposits have been made.after

Appears in 1 contract

Sources: Consolidated Lease Amendment (Equity Inns Inc)

Remittance. Operating Lessee shall remit to Operating Lessor or Operating Lessor's nominee, simultaneously with the termination of this Lease, all funds remaining, if any, after payment of all accrued Gross Operating Expenses, and other amounts due Operating Lessee and after deducting the costs of any scheduled repair, replacement, replacement or refurbishment of Furniture and Equipment with respect to which deposits have been made.

Appears in 1 contract

Sources: Lease Agreement (Sunstone Hotel Investors, Inc.)