Common use of Banquet and Event Deposits Clause in Contracts

Banquet and Event Deposits. The Operating Partnership shall -------------------------- receive and be entitled to a credit against the Consideration for all prepaid deposits for banquets and other functions that are scheduled to take place at the Asset on or after the date of the Final Closing.

Appears in 4 contracts

Samples: Contribution Agreement (Lasalle Hotel Properties), Contribution Agreement (Lasalle Hotel Properties), Contribution Agreement (Lasalle Hotel Properties)

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Banquet and Event Deposits. The Operating Partnership shall -------------------------- receive and be entitled to a credit against the Consideration for all prepaid deposits for banquets and other functions that are scheduled to take place at the any Asset on or after the date of the Final Closing.

Appears in 3 contracts

Samples: Omnibus Contribution Agreement (Lasalle Hotel Properties), Contribution Agreement (Lasalle Hotel Properties), Contribution Agreement (Lasalle Hotel Properties)

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