Restaurants and Bars. Seller shall close out the transactions in the restaurants and bars in the Hotel as of the regular closing time for such restaurants and bars during the night in which the Cut-Off Time occurs and retain all monies collected as of such closing, and Purchaser shall be entitled to any monies collected from the restaurants and bars thereafter.
Appears in 7 contracts
Samples: Purchase and Sale Agreement (Carey Watermark Investors Inc), Purchase and Sale Agreement (Chesapeake Lodging Trust), Purchase and Sale Agreement (Chesapeake Lodging Trust)
Restaurants and Bars. Seller shall close out the transactions in the restaurants and bars in the Hotel as of the regular closing time for such restaurants Cut-Off Time and bars during the night in which shall retain all monies accrued as of the Cut-Off Time occurs and retain all monies collected as of such closingTime, and Purchaser Buyer shall be entitled to any monies collected accrued from the restaurants and bars thereafter.
Appears in 3 contracts
Samples: Agreement of Purchase and Sale, Agreement of Purchase and Sale, Agreement of Purchase and Sale
Restaurants and Bars. Seller shall close out the transactions in the restaurants and bars operated by, for or on behalf of Seller in the Hotel as of the regular closing time for such restaurants and bars during the night in which the Cut-Off Time occurs and retain all monies collected as of such closing, and Purchaser shall be entitled to any monies collected from the restaurants and bars thereafter.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (Westin Hotels LTD Partnership), Purchase and Sale Agreement (Lasalle Hotel Properties), Purchase and Sale Agreement (Ashford Hospitality Trust Inc)
Restaurants and Bars. Seller shall close out the transactions in the Hotel’s restaurants and bars in the Hotel and any banquets therein as of the regular closing time for such restaurants and bars during the night in which the Cut-Off Time occurs occurs. All revenues and retain all monies collected as expenses of such closing, and Purchaser shall be entitled to any monies collected from the restaurants and bars thereaftershall be prorated as though the Cut-Off Time were as of the regular closing time. Mini-bar revenues shall be divided equally between Seller and Purchaser for the night during which the Cut-Off Time occurs.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (IMH Financial Corp), Purchase and Sale Agreement (Pebblebrook Hotel Trust), Purchase and Sale Agreement (Pebblebrook Hotel Trust)
Restaurants and Bars. Seller shall close out the transactions in the restaurants and bars in the Hotel at its Property as of the regular closing time for such restaurants and bars during the night in which the Cut-Off Time occurs and retain all monies collected as of such closingthe Closing, and Purchaser shall be entitled to any monies collected from the restaurants and bars thereafter.
Appears in 2 contracts
Samples: Master Purchase and Sale Agreement (Hersha Hospitality Trust), Master Purchase and Sale Agreement (Hersha Hospitality Trust)
Restaurants and Bars. Seller shall close out the transactions in the restaurants and bars in the Hotel Hotels as of the regular closing time for such restaurants and bars during the night in which the Cut-Off Time occurs and shall retain all monies collected accrued as of such closingthe Cut-Off Time, and Purchaser Buyer shall be entitled to any monies collected accrued from the restaurants and bars thereafter.
Appears in 1 contract
Samples: Agreement of Purchase and Sale (Lodging Fund REIT III, Inc.)
Restaurants and Bars. Seller shall close out the transactions in the restaurants and bars in the Hotel as of the regular closing time for such restaurants Cut-Off Time and bars during the night in which shall retain all monies accrued as of the Cut-Off Time occurs and retain all monies collected as of such closingTime, and Purchaser shall be entitled to any monies collected accrued from the restaurants and bars thereafter.
Appears in 1 contract
Samples: Purchase and Sale Agreement (American Realty Capital New York Recovery Reit Inc)
Restaurants and Bars. Seller shall close out the transactions in the restaurants and bars in the Hotel (if any) as of the regular closing time for such restaurants and bars during the night in which the Cut-Off Time occurs and retain all monies collected as of such closing, and Purchaser shall be entitled to any monies collected from the restaurants and bars thereafter.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Lightstone Value Plus Real Estate Investment Trust V, Inc.)
Restaurants and Bars. Seller shall close out the transactions in the restaurants and bars in at the Hotel Property as of the regular closing time for such restaurants and bars during the night in which the Cut-Off Time occurs and retain all monies collected as of such closingthe Closing, and Purchaser Buyer shall be entitled to any monies collected from the restaurants and bars thereafter.
Appears in 1 contract
Samples: Agreement of Purchase and Sale (Condor Hospitality Trust, Inc.)
Restaurants and Bars. The Seller shall close out the transactions in the restaurants and bars in the Hotel as of the regular closing time for such restaurants and bars during the night in which Cut-Off Time retain all monies accrued as of the Cut-Off Time occurs and retain all monies collected as of such closingTime, and Purchaser the Buyer shall be entitled to any monies collected accrued from the restaurants and bars thereafter.
Appears in 1 contract
Samples: Agreement of Purchase and Sale (Strategic Hotels & Resorts, Inc)
Restaurants and Bars. Seller shall close out the transactions in the restaurants and bars in at the Hotel Property as of the regular closing time for such restaurants and bars during the night in which the Cut-Off Time occurs and shall retain all monies collected accrued as of such closingthe Cut-Off Time, and Purchaser Buyer shall be entitled to any monies collected accrued from the restaurants and bars thereafter.
Appears in 1 contract
Samples: Agreement of Purchase and Sale (Ryman Hospitality Properties, Inc.)
Restaurants and Bars. Seller shall close out the transactions in the restaurants and bars in the Hotel as of the regular closing time for such restaurants and bars during the night in which the Cut-Off Time occurs and retain all monies amounts collected as of such closing, and Purchaser shall be entitled to any monies all amounts collected from the restaurants and bars thereafter.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Alpine Acquisition Corp.)
Restaurants and Bars. Seller shall close out the transactions in the restaurants and bars in the Hotel Hotels as of the regular closing time for such restaurants and bars during the night in which the Cut-Off Time occurs and retain all monies collected as of such closing, and Purchaser shall be entitled to any monies collected from the restaurants and bars thereafter.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Apple Hospitality REIT, Inc.)
Restaurants and Bars. The Seller shall close out the transactions in the restaurants and bars in the Hotel as of the regular closing time for such restaurants Cut-Off Time and bars during the night in which shall retain all monies accrued as of the Cut-Off Time occurs and retain all monies collected as of such closingTime, and Purchaser the Buyer shall be entitled to any monies collected accrued from the restaurants and bars thereafter.
Appears in 1 contract
Samples: Agreement of Purchase and Sale (Interstate Hotels & Resorts Inc)
Restaurants and Bars. Seller shall close out the transactions in the restaurants and bars in the Hotel Hotels as of the regular closing time for such restaurants and bars during the night in which the Cut-Off Time Closing Date occurs and retain all monies collected as of such closing, and Purchaser Buyer shall be entitled to any monies collected from the restaurants and bars thereafter.
Appears in 1 contract
Samples: Real Estate Purchase and Sale Agreement (RLJ Lodging Trust)
