Cash and Accounts. At the Closing, Seller shall transfer to Purchaser all Cash On Hand and Seller shall receive a credit at the Closing for such Cash On Hand. All Account Cash is and shall remain the property of Seller and shall be retained by Seller after the Closing.
Appears in 8 contracts
Samples: Agreement for Sale and Purchase of Hotel, Agreement for Sale and Purchase of Hotel (Carey Watermark Investors 2 Inc), Agreement for Sale and Purchase of Hotel (Carey Watermark Investors Inc)
Cash and Accounts. At the Closing, Seller shall transfer to Purchaser all Cash On Cash-On-Hand and Seller shall receive a credit at the Closing for such Cash On Cash-On-Hand. All Account Cash is and shall remain the property of Seller and shall either be retained by Seller after at the Closing, or credited to Seller (to the extent actually acquired by Purchaser) on the Final Closing Statement (hereinafter defined).
Appears in 2 contracts
Samples: Agreement for Sale and Purchase of Hotel, Agreement for Sale and Purchase of Hotel (Strategic Hotels & Resorts, Inc)
Cash and Accounts. At the Closing, Seller shall transfer to Purchaser all Cash On Cash-On-Hand and Seller shall receive a credit at the Closing for such Cash On Cash-On-Hand. All Account Cash is and shall remain the property of Seller and shall either be retained by Seller after at the Closing, or credited to Seller (to the extent actually acquired by Purchaser) on the Final Closing Statement. Seller shall receive a credit for any reserve fund (including, without limitation, any FF&E reserve) that Seller transfers to Purchaser at Closing.
Appears in 2 contracts
Samples: Agreement for Sale and Purchase of Hotel (Moody National REIT I, Inc.), Agreement for Sale and Purchase
Cash and Accounts. At the Closing, Seller shall transfer to Purchaser all Cash On Cash-On-Hand and Seller shall receive a credit at the Closing for such Cash On Cash-On-Hand. All Account Cash is and shall remain the property of Seller and shall be retained by Seller after the Closing.
Appears in 1 contract
Samples: Agreement for Sale and Purchase of Hotel (Hersha Hospitality Trust)
Cash and Accounts. At the Closing, Seller shall transfer to Purchaser all Cash On Cash-On-Hand as of the Closing and Seller shall receive a credit at the Closing for such Cash On Cash-On-Hand. All Account Cash as of the Closing is and shall remain the property of Seller and shall either be retained by Seller after at the Closing, or credited to Seller (to the extent actually acquired by Purchaser) on the Final Closing Statement. Seller shall receive a credit for any reserve fund (including, without limitation, any FF&E reserve) that Seller transfers to Purchaser at Closing.
Appears in 1 contract
Samples: Agreement for Sale and Purchase (American Realty Capital Hospitality Trust, Inc.)
