Guest Ledger means any and all charges accrued to the open accounts of any guests or customers at the Hotel as of the Cut-Off Time for the use and occupancy of any guest, conference, meeting or banquet rooms or other facilities at the Hotel, any restaurant, bar or banquet services, or any other goods or services provided by or on behalf of Seller.
Guest Ledger means that certain guest ledger dated as of ____________________, 199__, certified by the Seller, a copy of which is attached hereto as Exhibit C. The Guest Ledger shall be updated and recertified as of the Closing Date.
Guest Ledger means all charges accrued to the open accounts of any guests or customers at the Hotel as of the Cut-Off Time for the use or occupancy of any guest, conference or banquet rooms or other facilities at the Hotel, any restaurant, bar or banquet services, or any other goods or services provided by or on behalf of Seller or Operating Tenant at the Hotel.
Examples of Guest Ledger in a sentence
For the period beginning on the day immediately following the Cut-Off Time, such revenues collected from the Guest Ledger shall belong to Buyer.
At Closing, Seller shall receive a credit in an amount equal to: (i) all amounts charged to the Guest Ledger for all room nights up to (but not including) the night during which the Cut-Off Time occurs, and (ii) one-half of all amounts charged to the Guest Ledger for the room night which includes the Cut-Off Time.
The Accounts Receivable addressed in this Section 10.2(b) shall not include the Guest Ledger, which is addressed inSection 10.2(a).
More Definitions of Guest Ledger
Guest Ledger means any accounts receivable of registered guests who have not checked out and who are occupying rooms at the Property, on the evening preceding the Closing and who check in prior to the Transfer Time, including all revenues from the rental of guest rooms at the Property, together with any sales or other taxes thereon.
Guest Ledger means the collection of all open balances, whether secured by some form of payment or unsecured, for all in house Hotel guests remaining as of the Closing Date.
Guest Ledger means any and all charges accrued to the open accounts of any guests or customers at any Property as of the Cut-Off Time for the use and occupancy of any guest, conference, meeting or banquet rooms or other facilities at such Property, any restaurant, bar or banquet services, or any other goods or services provided to such guest or customer by or on behalf of any Seller (or a Manager on behalf of Seller).
Guest Ledger means all charges accrued to the open accounts of any guests or customers at the Hotels as of the Closing Date for the use or occupancy of any guest, conference or banquet rooms or other facilities at the Hotels, any restaurant, bar or banquet services, or any other goods or services provided by or on behalf of Seller at the Hotels.
Guest Ledger means all charges accrued to the open accounts of any guests or customers at the Property as of the Adjustment Time for the use or occupancy of any guest, conference or banquet rooms or other facilities at the Property, any banquet services, or any other goods or services provided at the Property. Representatives of the Operating Partnership and the Contributor shall inspect, prepare a listing, and agree to the balance for each guest room due immediately prior to the Closing. As to all guest charges other than the Guest Ledger, contemporaneous with the Closing, the Contributor shall checkout and xxxx all in-house guests, and the Operating Partnership shall simultaneously re-register and establish new accounts for such guests. Daily guest room revenues received or accrued for room occupancy commencing on or after the Adjustment Time shall be the sole property of the Operating Partnership. (f)
Guest Ledger means any and all charges accrued to the open accounts of any guests or customers at the Hotels as of the Cut-Off Time for the use and occupancy of any guest, conference, meeting or banquet rooms or other facilities at the Hotels, any restaurant, bar or banquet services, or any other goods or services provided by or on behalf of Seller. "H2S York Hotel Franchisor" shall have the meaning assigned thereto on Schedule A-3 attached hereto. "H2S York Hotel" shall have the meaning assigned thereto in "Background" paragraph A.
Guest Ledger shall have the meaning set forth in Section 14.2 of this Agreement.