USALI definition

USALI means the Uniform System of Accounts for the Lodging Industry as prescribed by the American Hotel and Lodging Association or any successor thereto.
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USALI means the Uniform System of Accounts for the Lodging Industry, 9th edition (or most current edition adopted by ▇▇▇▇▇▇▇▇).
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USALI means at any point in time, the then-current edition of the Uniform System of Accounts for the Lodging Industry, published by the Hospitality Financial and Technology Professionals, as amended from time to time.
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Examples of USALI in a sentence

  • The Management Company must prepare entries to convert its financial statements from hospitality industry standards (USALI) to government standards (USSGL) monthly within three business days or as otherwise agreed with the Owner.

  • Review entries prepared by the Management Company to convert the Management Company financial statements from hospitality industry standards (USALI) to government standards (USSGL) monthly.

  • All monthly and other operating statements to be delivered by Borrower hereunder shall be (and all accompanying Officer’s Certificates shall state that they have been) prepared based upon the USALI.

  • All monthly and other operating statements to be delivered by Borrower and Operating Tenant hereunder shall be (and all accompanying Officer’s Certificates shall state that they have been) prepared based upon USALI.

  • All statements of financial condition and related schedules of any Credit Party heretofore delivered to Agent in connection with the Loan are true, correct and complete in all material respects, fairly present the financial conditions of the subjects thereof as of the respective dates thereof and have been prepared in accordance with GAAP and/or USALI or as otherwise may be approved by Agent, which approval shall not be unreasonably withheld, conditioned or delayed.

  • Manager shall be solely responsible for maintaining such books and records on an accrual basis and shall conform to the requirements of the Franchisor and the USALI.

  • All monthly and other operating statements to be delivered by Borrower hereunder shall be (and all accompanying Officer’s Certificates shall state that they have been) prepared based upon USALI.

  • The Management Company must maintain the books and records reflecting the operations of the Hotel in accordance with GAAP as well as the USALI and must adopt and follow a Fiscal Year accounting period.

  • In the event that Manager submits financial statements to Owner that are determined to be materially incorrect, incomplete, or inconsistent with GAAP or USALI, Owner will notify Manager in reasonable detail of such errors.

  • Manager shall maintain, at the sole expense of Owner, a comprehensive system of office records and, in accordance with GAAP and USALI, the books and accounts (which records, books and accounts shall be and remain the property of Owner) in which shall be entered fully and accurately each and every financial transaction with respect to the operation of the Hotel.


More Definitions of USALI

USALI means the Uniform System of Accounts for the Lodging Industry, 9th edition (or most current edition adopted by Borrower).
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Related to USALI

  • ALI means a feature by which the service address associated with the calling party’s listed telephone number identified by ANI as defined herein, is forwarded to the PSAP for display. Additional telephones with the same number as the calling party’s, including secondary locations and off-premise extensions will be identified with the service address of the calling party’s listed number.

  • Abbeyfield Home means an establishment run by the Abbeyfield Society including all bodies corporate or unincorporated which are affiliated to that society;

  • Playground means a public outdoor recreation area for children, usually equipped with swings, slides, and other playground equipment, owned and/or managed by a city, county, state, or federal government.

  • TELRIC means Total Element Long-Run Incremental Cost.

  • EUMA means the “SAP Delivered Support Agreement” which sets out the terms and conditions under which SAP provides support to End Users and which will be provided by SAP on a deal by deal basis.