Tray Ledger definition

Tray Ledger means the final night's room revenue (revenue from rooms occupied as of 12:01 a.m. on the Closing Date, exclusive of food, beverage, telephone and similar charges which shall be retained by the Contributor), including any sales taxes, room taxes or other taxes thereon.
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Tray Ledger means the final night’s room revenue (revenue from rooms occupied as of 12:01 a.m. on the Closing Date, exclusive of food, beverage, telephone and similar charges which shall be retained by the Seller), including any sales taxes, room taxes or other taxes thereon.
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Tray Ledger means any accounts receivable of registered hotel guests who have not checked out and who are occupying hotel rooms at the Casino and/or Hotel on the evening of the Closing Date, including the related Room Revenues.
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Examples of Tray Ledger in a sentence

  • Buyer shall purchase the Tray Ledger for each Property from the applicable Seller pursuant to the procedures set forth in this Section 4.2 for the face amount of 12 such Tray Ledger.

  • Buyer shall purchase the Tray Ledger as of the Transfer Time from Sellers pursuant to the Operations Settlement.

  • The collection of all accounts receivable other than the Tray Ledger accruing prior to the Transfer Time(including receivables and revenues for food, beverages and telephone and casino credit) shall be the responsibility of the Partnership and Sellers.

  • Seller shall be entitled to all revenue and shall be responsible for all expenses for the period of time up to but not including the Closing Date (the “Cut Off Time”), and Buyer shall be entitled to all revenue and shall be responsible for all expenses for the period of time from, after and including the Closing Date (provided that housekeeping costs and the Tray Ledger (as defined below) for the Closing Date shall be shared equally between Buyer and Seller).


More Definitions of Tray Ledger

Tray Ledger means any accounts receivable of registered guests who have not checked out and who are occupying rooms at the Hotel/Casino on the evening of the Closing Date.
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Tray Ledger means any accounts receivable of registered guests who have not checked out and who are occupying rooms at the Real Property as of the Transfer Time.
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Tray Ledger means, as it relates to each Seller, any accounts receivable of registered guests who have not checked out and who are occupying rooms at such Seller's Property on the evening of the Closing Date, including without limitation the Room Revenues.
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Tray Ledger shall have the meaning ascribed in Section 9.6(f)(1).
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Tray Ledger means any accounts receivable of registered guests who have not checked out and who are occupying rooms at the Project on the evening of the Termination Date.
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Tray Ledger means any accounts receivable of registered guests who have not checked out and who are occupying rooms at the Barbary Coast at the Time of Proration.
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Related to Tray Ledger

  • City Ledger Report means a list submitted by the Contractor indicating on a daily basis its total number of sleeping room nights rented as well as the total number for sleeping rooms removed from its available inventory or rentals, for purposes of repair.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Management Accounts means unaudited accounts which shall incorporate a profit and loss statement, cash flow statement and balance sheet.

  • Seller’s Account means such account as the Seller may specify to the Guarantor from time to time;

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Deposit Liabilities means all of Seller’s duties, obligations, liabilities (including accrued interest) relating to the deposit accounts, including, without limitation, all demand, time, savings and individual retirement accounts, located at the Offices as of the Effective Date, as listed as deposits in Exhibit 1.3(a), with the exception of those specifically not assumed by Buyer pursuant to Section 1.2(c).

  • Locked Box Accounts means the unaudited, aggregated balance sheet of the Group as at the Locked Box Date, in the agreed form;

  • deposits townsite means the townsite to be established on or near the mining areas pursuant to this Agreement;

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Retained asset account means any mechanism whereby the settlement of proceeds payable under a policy or contract is accomplished by the insurer or an entity acting on behalf of the insurer depositing the proceeds into an account with check or draft writing privileges, where those proceeds are retained by the insurer or its agent, pursuant to a supplementary contract not involving annuity benefits other than death benefits.

  • Project Accounts means the accounts referred to in Section 3.03 (a) of this Agreement;

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Management Accounts Date means 30 September 2017;

  • Collection Accounts As defined in Section 3.10(a).

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Separate Accounts means the accounts which are to be prepared for each

  • Sub-Accounts means the respective Sub-Accounts of the Escrow Account, into which the monies specified in Clause 4.1 would be credited every month and paid out if due, and if not due in a month then appropriated proportionately in such month and retained in the respective Sub Accounts and paid out therefrom on the Payment Date(s).

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Audited Accounts means the report and audited accounts of the Company and of any Group Company and the audited consolidated accounts of the Group (if any) for the relevant Financial Year;

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement;

  • Assets Under Management means, as of any specified date, the value of all Assets owned by the Partnership (the value to be determined as provided in this Agreement), including contributions requested and due from Partners and uncalled amounts of Commitments that are included in the Partnership’s regulatory capital (as such term is used in the SBIC Act), less the amount of any liabilities of the Partnership, determined in accordance with generally accepted accounting principles, consistently applied.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.