Common use of Guest Baggage Clause in Contracts

Guest Baggage. All baggage, parcels of property of guests or tenants being retained by Sellers as security for unpaid accounts receivable shall be removed from the Property prior to Closing (“Retained Baggage”). All other baggage, parcels or property checked or left in the care of Sellers by current guests or tenants at Closing, or by those formerly staying at the Property, or others, shall be sealed and listed in an inventory prepared by representatives of Sellers no later than one (1) day prior to Closing and initialed by such representatives. Possession and control of all such other baggage, parcels or property listed on such inventory shall be delivered to Purchaser at each Hotel on the day of Closing, and representatives of Purchaser shall acknowledge receipt of all such items.

Appears in 3 contracts

Samples: Real Estate Sale Agreement (W2007 Grace Acquisition I Inc), Real Estate Sale Agreement (American Realty Capital Hospitality Trust, Inc.), Real Estate Sale Agreement (American Realty Capital Hospitality Trust, Inc.)

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Guest Baggage. All baggage, parcels of or property of guests or tenants being retained by Sellers as security for unpaid accounts receivable shall be removed from the Property applicable Hotels prior to Closing (“Retained Baggage”)the Closing. All other baggage, parcels or property checked or left in the care of Sellers by current guests or tenants at the Closing, or by those formerly staying at one or more of the PropertyHotels, or others, shall be sealed and listed in an inventory prepared by representatives of Sellers no later than one (1) day prior to the Closing and initialed by such representatives. Possession and control of all such other baggage, parcels or property listed on such inventory shall be delivered to Purchaser at each applicable Hotel on the day of the Closing, and representatives of Purchaser shall acknowledge receipt of all such items.

Appears in 2 contracts

Samples: Real Estate Purchase and Sale Agreement (Summit Hotel Properties, Inc.), Real Estate Purchase and Sale Agreement (American Realty Capital Hospitality Trust, Inc.)

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Guest Baggage. All baggage, parcels of or property of guests or tenants being retained by Sellers as security for unpaid accounts receivable shall be removed from the Property applicable Hotels prior to Closing (“Retained Baggage”)the applicable Closing. All other baggage, parcels or property checked or left in the care of Sellers by current guests or tenants at the applicable Closing, or by those formerly staying at one or more of the PropertyHotels, or others, shall be sealed and listed in an inventory prepared by representatives of Sellers no later than one (1) day prior to the applicable Closing and initialed by such representatives. Possession and control of all such other baggage, parcels or property listed on such inventory shall be delivered to Purchaser at each applicable Hotel on the day of the applicable Closing, and representatives of Purchaser shall acknowledge receipt of all such items.

Appears in 2 contracts

Samples: Real Estate Purchase and Sale Agreement (Summit Hotel Properties, Inc.), Real Estate Purchase and Sale Agreement (American Realty Capital Hospitality Trust, Inc.)

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