Common use of Customer Deposits Clause in Contracts

Customer Deposits. Customer Deposits received by the Company or its Subsidiaries relating to rooms, services and/or events relating to the period from and after the Closing shall be retained by the Company at the Closing and included in the calculation of the Final Closing Net Working Capital. Sellers shall not have further liability or responsibility after Closing with respect to any Customer Deposits relating to the period from and after the Closing and Sellers and their Affiliates shall be entitled to retain Customer Deposits to the extent of rooms and/or services furnished by Sellers prior to the Closing. “Customer Deposits” include all security and other deposits, advance or pre-paid rents or other amounts and key money or deposits (including any interest thereon).

Customer Deposits. Customer Deposits received by the Company or its Subsidiaries Companies relating to rooms, services and/or events relating to the period from and after the Closing shall be retained by the Company Companies at the Closing and included in the calculation of the Final Closing Net Working Capital. Sellers shall not have further liability or responsibility after the Closing with respect to any Customer Deposits relating to the period from and after the Closing Closing, and Sellers and their Affiliates shall be entitled to retain Customer Deposits to the extent of rooms and/or services furnished by Sellers prior to the Closing. “Customer Deposits” include all security and other deposits, advance or pre-paid rents or other amounts and key money or deposits (including any interest thereon)) and Front Money.

Customer Deposits. Customer Deposits received by the Company or its Subsidiaries relating to rooms, services and/or events relating to the period from and after the Closing shall be retained by the Company at the Closing and included in the calculation of the Final Closing Net Working Capital. Sellers shall not have further liability or responsibility after Closing with respect to any Customer Deposits relating to the period from and after the Closing and Sellers and their Affiliates shall be entitled to retain Customer Deposits to the extent of rooms and/or services furnished by Sellers prior to the Closing. “Customer Deposits” include all security and other deposits, advance or pre-paid rents or other amounts and key money or deposits (including any interest thereon)) and Front Money.

Customer Deposits. Customer Deposits received by the Company or its Subsidiaries relating to rooms, services and/or events relating to the period from and after the Closing shall be retained by the Company at the Closing and included in the calculation of the Final Closing Net Working Capital. Sellers shall not have further liability or responsibility after Closing with respect to any Customer Deposits relating to the period from and after the Closing and Sellers and their 5 Affiliates shall be entitled to retain Customer Deposits to the extent of rooms and/or services furnished by Sellers prior to the Closing. “Customer Deposits” include all security and other deposits, advance or pre-paid rents or other amounts and key money or deposits (including any interest thereon).

Customer Deposits. Customer Deposits received by the Company Companies or its their Subsidiaries relating to rooms, services and/or events relating to the period from and after the Closing shall be retained by the Company Companies at the Closing and included in the calculation of the Estimated Net Working Capital and Final Closing Net Working Capital. Sellers Prior to the Closing, Seller shall not have further liability or responsibility after Closing with respect to any cause all Customer Deposits relating to the period from and after the Closing to be in the possession of the Companies or their Subsidiaries (and Sellers and their Affiliates shall be entitled to retain Customer Deposits to as such not in the extent possession of rooms and/or services furnished by Sellers prior to the ClosingSeller). “Customer Deposits” include all security and other deposits, advance or pre-paid rents or other amounts and key money or deposits (including any interest thereon).