Common use of Banquet and Event Deposits Clause in Contracts

Banquet and Event Deposits. Purchaser shall receive and be entitled to a credit against the Purchase Price for all prepaid deposits for banquets and other functions that are scheduled to take place at any of the Properties on or after the Closing Date.

Appears in 8 contracts

Samples: Purchase and Sale Agreement (Super 8 Motels Iii LTD), Purchase and Sale Agreement (Super 8 Motels Ii LTD), Purchase and Sale Agreement (Super 8 Motels Iii LTD)

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Banquet and Event Deposits. Purchaser shall receive and be entitled to a credit against the Purchase Price for all prepaid deposits for banquets and other functions that are scheduled to take place at any of the Properties on or after the Closing Date.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Super 8 Economy Lodging Iv LTD), Purchase and Sale Agreement (Super 8 Economy Lodging Iv LTD)

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Banquet and Event Deposits. Purchaser shall receive and be entitled to a credit against the Purchase Price for all prepaid deposits for banquets and other functions that are scheduled to take place at any of the Properties Project on or after the Closing Date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Lasalle Hotel Properties)

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