Disputed Payable. “Disputed Payable” means any amount that a third party claims to be due or accrued as of Closing with respect to the operation of the Hotel, but that Seller or Hotel Manager disputes (including the disputed portion of any xxxx, invoice or claim that Seller or Hotel Manager otherwise acknowledges to be due and payable).
Appears in 5 contracts
Samples: Agreement of Purchase and Sale of Real Property, Agreement of Purchase and Sale (Chesapeake Lodging Trust), Purchase and Sale Agreement (Highland Hospitality Corp)
Disputed Payable. “Disputed Payable” " means any amount that a third party claims to be due or accrued as of Closing with respect to the operation of the Hotel, but that Seller or Hotel Manager disputes in good faith (including the disputed portion of any xxxx, invoice or claim that Seller or Hotel Manager otherwise acknowledges to be due and payable).
Appears in 1 contract
Samples: Agreement of Purchase and Sale (CNL Hospitality Properties Inc)
Disputed Payable. “Disputed Payable” means any amount that claimed by a third party claims to be due or accrued as of Closing payable with respect to the operation of the Hotel, Hotel operations but that is disputed by Seller or Hotel Manager disputes to be owing (including the disputed portion of any a xxxx, invoice or claim that Seller or Hotel Manager otherwise acknowledges to be due and payableowing).
Appears in 1 contract
