Food and Beverage Inventory definition

Food and Beverage Inventory. All inventory of food and beverages, including alcoholic beverages, owned by Seller located at the Hotel, and used in the operation of any restaurant, cafe, bar or other food service operation within the Hotel.
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Food and Beverage Inventory means the stock of raw and processed foods, spices, condiments and beverages used to provide food and beverage service within the Hotel, other than the Liquor Inventory.
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Food and Beverage Inventory. 5 (o) "Franchise Agreement" 5 (p) "Franchisor" 5 (q) "Hotel" 5 (r) "Improvements" 5 "Intangible Property" 5 "Latent Defects" 6 "Laws" 6 "Managing Partner" 6 (w) "Operating Equipment" 6 (x) "Operating Supplies" 6 (y) "Person" 6 (z) "Permitted Title Exceptions" 6 (aa) "Permitted Transferee" 6 (ab) "Personalty" 6 (ac) "Purchase Price" 6 (ad) "Real Property" 7 (ae) "Title Agent" 7 2. Agreement of Purchase and Sale 7 3. Purchase Price 7 (a) Xxxxxxx Money 7 (b) Liquidated Damages 7 (c) Cash at Closing 8 4. Allocation of Purchase Price 8
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Examples of Food and Beverage Inventory in a sentence

  • Except as may otherwise be provided in any Contracts, all Food and Beverage Inventory is free and clear of any lien or claim, except for the Existing Indebtedness.

  • At Closing, Seller shall receive an aggregate credit in the amount of fifty percent (50%) of the value of the Food and Beverage Inventory as of the Closing Date, as such value is reflected in the financial books of the Hotel; provided, however, in no event shall such credit exceed $60,000.

  • Notwithstanding the foregoing, for purposes of this Xxxx of Sale, the term Food and Beverage Inventory will not include Liquor Inventory except for the Liquor Inventory located in the Restaurants listed on Schedule 1 attached hereto.

  • For all Real Property Assets, each Owner, owns, leases or licenses adequate Personal Property (other than Intangibles and Food and Beverage Inventory) and each Operating Entity, and with respect to Winston Salem, the related Owner, owns adequate Intangibles and Food and Beverage Inventory, to maintain and operate each Real Property Asset as a hotel in accordance with the standards of this Agreement, the Loan Documents, the related Operating Leases and the related Franchises.

  • Without additional charge, Buyer shall be entitled to retain all items of Operating Supplies, Food and Beverage Inventory and Gift Shop Inventory that do not remain Unopened Inventory on the Closing Date.


More Definitions of Food and Beverage Inventory

Food and Beverage Inventory means Seller’s interest as of the Closing Date in the inventory of foodstuffs and beverages, including the Liquor Inventory,
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Food and Beverage Inventory means food and beverages (including liquor), utensils and china stored at the hotel on the Mortgaged Property for service to hotel guests. "Licenses" shall mean all material franchises, trademarks, tradenames, copyrights, licenses, permits, certificates, authorizations, qualifications, accreditations, easements, rights of way and other rights, consents and approvals which are necessary for the operation of the Mortgaged Property and its business as presently conducted, including without limitation, liquor licenses, as applicable.
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Food and Beverage Inventory means food and beverages (including liquor) stored at the hotel on each Real Property Asset for service to hotel guests.
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Food and Beverage Inventory means the inventory of usable foodstuffs and beverages located at all of the Restaurants, including
Sample 1
Food and Beverage Inventory. 5 (o) "Franchise Agreement" 5 (p) "Franchisor" 5 (q) "Hotel" 5 (r) "Improvements" 5 (s) "Intangible Property" 5 (t) "Latent Defects" 6 (u) "Laws" 6 (v) "Managing Partner" 6 (w) "Operating Equipment" 6 (x) "Operating Supplies" 6 (y) "Person" 6 (z) "Permitted Title Exceptions" 6 (aa) "Permitted Transferee" 6 (ab) "Personalty" 6 (ac) "Purchase Price" 6 (ad) "Real Property" 6 (ae) "Title Agent" 7
Sample 1
Food and Beverage Inventory means Seller’s interest as of the Closing Date in the inventory of foodstuffs and beverages, including the Liquor Inventory, for use in the operation of the Restaurants and which are useable for the Applebee’s menu (as of the Closing Date), not expired and not spoiled.
Sample 1
Food and Beverage Inventory means all food and beverage (alcoholic and non-alcoholic) held for sale to Hotel guests and others in the Ordinary Course or otherwise used in the operation of the Hotel (including the alcoholic beverage and other contents of any in-room service bars and mini-bars), subject to the depletion and restocking that occurs in the Ordinary Course. “Food and Beverage Inventory” shall not include Alcoholic Beverages if any applicable governmental regulation requires a separate sale and transfer of the Alcoholic Beverages.
Sample 1