Common use of Employee Costs Clause in Contracts

Employee Costs. Except as provided in (e) above, all wages and other costs for housekeeping and Hotel personnel shall be prorated between Buyer and the Interest Owners as of the Cutoff Time.

Appears in 4 contracts

Samples: Purchase Contract (Apple REIT Seven, Inc.), Purchase Contract (Apple REIT Seven, Inc.), Purchase Contract (Apple REIT Seven, Inc.)

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Employee Costs. Except as provided in (e) above, all wages and other costs for housekeeping and Hotel personnel for each Hotel shall be prorated between Buyer and the Interest Owners as of the Cutoff Time.

Appears in 1 contract

Samples: Purchase Contract (Apple Reit Six Inc)

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