F&B definition
Examples of F&B in a sentence
Except with respect to the Relevant Properties to the extent such FF&E is related to the ongoing renovations, Seller Parent shall receive a credit at Closing for any advance payments or deposits made with respect to FF&E, Supplies Not Subject to Adjustment, Supplies Subject to Adjustment, and unopened F&B, including any of the foregoing items that have been ordered in the Ordinary Course of Business but not delivered to the Hotels prior to the Closing Date.
Seller Parent shall not receive a credit at Closing for any advance payments or deposits made with respect to FF&E, Supplies Not Subject to Adjustment, Supplies Subject to Adjustment that are not useable, and opened F&B, the Parties acknowledging Purchaser is deemed to have paid for such items as part of the Agreed Value.