Common use of Guest Ledger Clause in Contracts

Guest Ledger. Subject to (f) below, all accounts receivable of registered guests at the Hotel who have not checked out and were occupying rooms as of the Cutoff Time, shall be prorated as provided herein.

Appears in 97 contracts

Sources: Purchase Contract (Apple REIT Ten, Inc.), Purchase Contract (Apple REIT Ten, Inc.), Purchase Contract (Apple REIT Ten, Inc.)

Guest Ledger. Subject to (fe) below, all accounts receivable of registered guests at the Hotel who have not checked out and were occupying rooms as of the Cutoff Time, shall be prorated as provided herein.

Appears in 1 contract

Sources: Purchase Contract (Apple REIT Eight, Inc.)

Guest Ledger. Subject to (f) below, all accounts receivable of registered guests at the Hotel Property being conveyed who have not checked out and were occupying rooms as of the Cutoff TimeTime (the "Guest Ledger"), shall be prorated as provided herein.

Appears in 1 contract

Sources: Purchase Contract (Apple Hospitality Five Inc)

Guest Ledger. Subject to (f) below, all accounts receivable of registered guests at the Hotel Property being conveyed who have not checked out and were occupying rooms as of the Cutoff TimeTime (the “Guest Ledger”), shall be prorated as provided herein.

Appears in 1 contract

Sources: Purchase Contract (Orange Hospitality, INC)