Liquor Inventory definition

Liquor Inventory means all liquor, wine, beer and other alcoholic beverages held for sale to Hotel guests and others in the Ordinary Course or otherwise used in the operation of the Hotel.

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Liquor Inventory means all alcoholic beverages on hand at the Hotel on the Effective Date, whether issued to the food and beverage department or held in reserve storage, subject to such depletion and resupply as shall occur and be made in the normal course of business and consistent with past practices.

Liquor Inventory means all wine, beer and other alcoholic beverages on hand at the Hotel as of the Transfer Time.

Examples of Liquor Inventory in a sentence

• Notwithstanding any other provision of this Agreement, the Liquor Inventory shall be sold and transferred to Buyer (or Buyer’s nominee) only in such manner as complies with applicable alcoholic beverage control Laws and the terms of the Liquor License.

• Sellers shall receive a credit equal to the excess (if any) of (1) the book value as of the Closing Date of the Liquor Inventory and the food and beverage inventory of the Hotels, in the aggregate, transferred to Buyer at the Closing, over (2) the average book value of the Liquor Inventory and the food and beverage inventory of the Hotels, in the aggregate, during the twelve-month period immediately preceding Closing.

• The amount of such credit shall be based on the actual costs (including without limitation sales tax) paid by Seller (or 8440, as applicable) for the actual inventory of such unopened Liquor Inventory and Retail Inventories by Seller’s and Purchaser’s representatives.

• Seller has executed this ▇▇▇▇ of Sale (Liquor Inventory) as of _____, 2011.

• In the event the circumstances described in the immediately preceding sentence occur with respect to the Hotels, the transfer or assignment to Hotel Buyer or its Affiliate at Closing of the Liquor Inventory at the Hotels shall not be deemed or construed to be a condition to the obligations of either Hotel Sellers or the SHR Parties hereunder.

More Definitions of Liquor Inventory

Liquor Inventory means all wine, beer, spirits and other alcoholic beverages located at the Hotel as of the date hereof, with such additions and deletions as may hereafter occur or may have previously occurred in the ordinary course of business.

Liquor Inventory means the inventory of useable beer, wine and liquor located at all of the Restaurants.

Liquor Inventory means Seller’s interest in the inventory of beer, wine and liquor at all of the Restaurants, as determined on the applicable date.

Liquor Inventory means all wine, beer, spirits and other alcoholic beverages located at the Hotels as of the Closing Date, with such additions and deletions as may hereafter occur or may have previously occurred in the Ordinary Course of business.

Liquor Inventory means all liquor, wine, beer and other alcoholic beverages held for sale to Hotel guests and others in the

Liquor Inventory means all unopened and sealed alcoholic beverages on hand at the Hotel as of the Proration Time on the Closing Date.

Liquor Inventory shall have the meaning specified in Section 7.2.8(i).