Common use of Cash Banks Clause in Contracts

Cash Banks. Sellers shall receive a proration credit equal to the aggregate balance of all Hotel Cash Banks as of Closing.

Appears in 3 contracts

Sources: Agreement for Purchase and Sale (Capital Lodging), Purchase and Sale Agreement (Capital Lodging), Purchase and Sale Agreement (Capital Lodging)

Cash Banks. Sellers Seller shall receive a proration credit equal to the aggregate balance of all Hotel Cash Banks as of Closing.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Marcus Corp)