Deposits for Bookings. Purchaser shall receive a credit for all prepaid deposits for Bookings scheduled for accommodations or events on or after the Closing Date which Purchaser is obligated to honor pursuant to this Agreement, except to the extent such deposits are transferred to Purchaser.
Appears in 7 contracts
Samples: Purchase and Sale Agreement (Pebblebrook Hotel Trust), Purchase and Sale Agreement (Hyatt Hotels Corp), Purchase and Sale Agreement (Xenia Hotels & Resorts, Inc.)
Deposits for Bookings. Purchaser The Buyer shall receive a credit for all prepaid deposits for Bookings scheduled for accommodations or events on or after the Closing Date which Purchaser is obligated to honor pursuant to this AgreementDate, except to the extent such deposits are transferred to Purchaserthe Buyer and for all other amounts prepaid by guests or other customers for accommodations or events on or after the Closing Date. The Buyer also shall receive a credit for any and all gift certificates or similar unredeemed entitlements outstanding as of the Closing Date acquired by any Person for any accommodations, events or other services provided at or by the Property.
Appears in 6 contracts
Samples: Assignment and Assumption Agreement, Assignment and Assumption Agreement (Carey Watermark Investors Inc), Assignment and Assumption Agreement (Carey Watermark Investors Inc)
Deposits for Bookings. Purchaser Buyer shall receive a credit for all prepaid deposits for Bookings scheduled for accommodations or events on or after the Closing Date which Purchaser Buyer is obligated to honor pursuant to this Agreement, except to the extent such deposits are transferred to PurchaserBuyer.
Appears in 4 contracts
Samples: Agreement of Purchase and Sale, Agreement of Purchase and Sale, Agreement of Purchase and Sale
Deposits for Bookings. Purchaser The Buyer shall receive a credit for all prepaid deposits for Bookings scheduled for accommodations or events on or after the Closing Date which Purchaser is obligated to honor pursuant to this AgreementDate, except to the extent such deposits are transferred to Purchaserthe Buyer and for all other amounts prepaid by guests or other customers for accommodations or events on or after the Closing Date.
Appears in 3 contracts
Samples: Agreement of Purchase and Sale (Interstate Hotels & Resorts Inc), Agreement of Purchase and Sale (Interstate Hotels & Resorts Inc), Agreement of Purchase and Sale (Interstate Hotels & Resorts Inc)
Deposits for Bookings. With respect to the Asset, Purchaser shall receive a credit for all prepaid deposits for Bookings scheduled for accommodations or events on or after the Closing Date which Purchaser is obligated to honor pursuant to this Agreement, except to the extent such deposits are transferred in cash or by credit to PurchaserPurchaser at or before Closing.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (Crescent Real Estate Equities Co), Purchase and Sale Agreement (Crescent Real Estate Equities Co), Purchase and Sale Agreement (Crescent Real Estate Equities Co)
Deposits for Bookings. Purchaser Buyer shall receive a credit for all prepaid deposits for Bookings all bookings and reservations for guest, conference, meeting and banquet rooms or other facilities at the Hotel scheduled for accommodations or events on or after the Closing Date which Purchaser is obligated to honor pursuant to this AgreementCut-Off Time, except to the extent such deposits are transferred to PurchaserBuyer, and for all other amounts prepaid by guests or other customers for accommodations or events occurring on or after the Cut-Off Time.
Appears in 2 contracts
Samples: Hotel Purchase and Sale Agreement, Hotel Purchase and Sale Agreement (Sotherly Hotels Lp)
Deposits for Bookings. Purchaser shall receive a credit for all prepaid deposits for Bookings scheduled for accommodations or events on or after the Closing Prorations Date which Purchaser is obligated to honor pursuant to this Agreement, except to the extent such deposits are transferred to Purchaser.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Chesapeake Lodging Trust)
Deposits for Bookings. Purchaser The Buyer shall receive a credit for all prepaid deposits for Bookings (collectively, the “Advance Deposits”) scheduled for accommodations or events on or after the Closing Date which Purchaser the Buyer is obligated to honor pursuant to this Agreement, except to the extent such deposits are transferred to Purchaserthe Buyer.
Appears in 1 contract
Samples: Agreement of Purchase and Sale (Interstate Hotels & Resorts Inc)
Deposits for Bookings. With respect to each Asset, Purchaser shall receive a credit for all prepaid deposits for Bookings scheduled for accommodations or events on or after the Closing Date which Purchaser is obligated to honor pursuant to this Agreement, except to the extent such deposits are transferred in cash or by credit to PurchaserPurchaser at or before Closing.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Crescent Real Estate Equities Co)
Deposits for Bookings. Purchaser The Buyer shall receive a credit for all prepaid deposits for Bookings scheduled for accommodations or events on or after the Closing Date which Purchaser the Buyer is obligated to honor pursuant to this Agreement, except to the extent such deposits are transferred to Purchaserthe Buyer.
Appears in 1 contract
Samples: Agreement of Purchase and Sale (Strategic Hotels & Resorts, Inc)
