Hotel Inventory definition

Hotel Inventory shall, subject to third party restrictions to the contrary (which the parties shall use reasonable efforts to minimize), include every type of hotel or other lodging product which is currently available or may become available in the future in any geographic jurisdiction, including without limitation agency, prepaid, opaque, last-minute, corporate, flash sale, groupbuy, membership, VIP, promotional, and other types of inventory, and shall also include all photos, descriptions and other content associated with such inventory. Hotel Inventory the third-party supply of which is contracted, directly or indirectly, by the Company or Company Affiliates shall be deemed “eLong Hotel Inventory”. Hotel inventory the third-party supply of which is contracted, directly or indirectly, by the Investor, Investor Parent or Investor Affiliates (other than the Company or Company Affiliates) shall be deemed “Expedia Hotel Inventory”.
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Hotel Inventory means all inventories, consumables and operating supplies (including all unopened food and beverages in containers but excluding all perishable items and all “past due” items) used or held for use on site at the Hotel as at the Closing Date.
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Hotel Inventory means the Seller’s interest in:
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Examples of Hotel Inventory in a sentence

  • The parties shall consult and agree on a separate, regular reporting and reconciliation procedure with respect to transactions for which they act as merchant of record for other party’s Hotel Inventory.

  • Investor Parent and Investor Affiliates (other than the Company and Company Affiliates) shall bear their own integration costs to facilitate receipt and distribution of eLong Hotel Inventory.

  • For the avoidance of doubt, Investor, Investor Parent and Investor Affiliates are not required to make available any Hotel Inventory if such Hotel Inventory is (i) unique or otherwise proprietary to a particular brand and (ii) is not shared with any other Investor Parent or Investor Affiliate brand.

  • The Company and Company Affiliates shall bear their own integration costs to facilitate receipt and distribution of Expedia Hotel Inventory.

  • In addition, the Company or Company Affiliate shall pay Investor Parent or the relevant Investor Affiliate the pro rata portion of any additional, override, bonus or delayed commission or revenue earned on any type of Hotel Inventory (“Ancillary Hotel Revenue”) based upon the sale of such eLong Hotel Inventory through the Expedia Booking Channels.

  • The Seller shall be credited with the book value (less rebates or discounts, if any, paid or accruing due to the Seller to the extent that such rebates or discounts, if any, are not already reflected in such book value) of all of the Hotel Inventory on hand on the night before the Closing Date, such book value to be determined by reference to the most recent purchase invoices for the relevant items.

  • The Vendor shall be credited at Closing with the book value of all unopened Hotel Inventory as at the Night Audit Cut-Off, such book value to be determined by reference to the most recent purchase invoices for the relevant items comprising such Hotel Inventory.

  • In addition, Investor Parent or the relevant Investor Affiliate shall pay the Company or Company Affiliate the pro rata portion of any Ancillary Hotel Revenue based upon the sale of such Expedia Hotel Inventory through eLong Booking Channels.

  • Notwithstanding Section 3.2, the amount of the Purchase Price allocated to such unopened Hotel Inventory shall be equal to the amount of the credit to the Vendor pursuant to this Section 3.3(b)(iii).