Common use of Guest Ledger Clause in Contracts

Guest Ledger. At the applicable Closing, Sellers will receive a credit in an amount equal to all amounts charged to the Guest Ledger for all room nights up to the night during which the Cut-Off Time occurs (other than any restaurant or bar charges on the Guest Ledger which will be prorated in accordance with Appendix 8.1(b)(ii) below), and Purchaser will be entitled to retain all deposits made and amounts collected with respect to such Guest Ledger. All room revenue for the night during which the Cut-Off Time occurs will be split equally between the applicable Seller and the Purchaser.

Guest Ledger. At the applicable Closing, Sellers will Seller shall receive a credit in an amount equal to to: (i) all amounts charged to the Guest Ledger for all room nights up to (but not including) the night during which the Cut-Off Time occurs occurs, and (ii) one-half (1/2) of all amounts charged to the Guest Ledger for the room night which includes the Cut-Off Time (other than any restaurant or bar charges on the Guest Ledger for such room night, which will be are otherwise prorated in accordance with Appendix 8.1(b)(ii) belowunder Section 10.1(i)), and Purchaser will shall be entitled to retain all deposits made and amounts collected with respect to for such Guest Ledger. All room revenue for the night during which the Cut-Off Time occurs will be split equally between the applicable Seller and the Purchaser.

Guest Ledger. At the applicable Closing, Sellers will Seller shall receive a credit in an amount equal to all amounts charged to the Guest Ledger for all room nights up to and including the night during which the Cut-Off Cut‑Off Time occurs (other than any restaurant or bar charges on the Guest Ledger which will be prorated in accordance with Appendix 8.1(b)(ii) below), and Purchaser will be entitled to retain all deposits made and amounts collected with respect to such Guest Ledger. All room revenue for the night during which the Cut-Off Time occurs will be split equally between the applicable Seller and the Purchaseroccurs.

Guest Ledger. At the applicable Closing, Sellers will Seller shall receive a credit in an amount equal to to: (i) all amounts charged to the Guest Ledger for all room nights up to (but not including) the night during which the Cut-Off Time occurs occurs, and (ii) one half (1/2) of all amounts charged to the Guest Ledger for the room night which includes the Cut-Off Time (other than any restaurant or bar charges on the Guest Ledger which will shall be prorated in accordance with Appendix 8.1(b)(ii) belowSection 11.2.9), and Purchaser will shall be entitled to retain all deposits made and amounts collected with respect to such Guest Ledger. All room revenue for the night during which the Cut-Off Time occurs will be split equally between the applicable Seller and the Purchaser.

Guest Ledger. At the applicable Closing, Sellers will Seller shall receive a credit in an amount equal to to: (i) all amounts charged to the Guest Ledger for all room nights up to (but not including) the night during which the Cut-Off Time occurs occurs, and (ii) one-half (1/2) of all amounts charged to the Guest Ledger for the room night which includes the Cut-Off Time (other than any restaurant or bar charges on the Guest Ledger for such room night which will be are otherwise prorated in accordance with Appendix 8.1(b)(iiunder Section 10.1) below), and Purchaser will shall be entitled to retain all deposits made and amounts collected with respect to for such Guest Ledger. All room revenue for the night during which the Cut-Off Time occurs will be split equally between the applicable Seller and the Purchaser.

Guest Ledger. At the applicable Closing, Sellers will Seller shall receive a credit in an amount equal to to: (i) all amounts charged to the Guest Ledger for all room nights up to (but not including) the night during which the Cut-Off Time occurs occurs, and (ii) one-half (½) of all amounts charged to the Guest Ledger for the room night which includes the Cut-Off Time (other than any restaurant or bar charges on the Guest Ledger which will shall be prorated in accordance with Appendix 8.1(b)(ii) belowSection 11.2.11), and Purchaser will shall be entitled to retain all deposits made and amounts collected with respect to such Guest Ledger. All room revenue for the night during which the Cut-Off Time occurs will be split equally between the applicable Seller and the Purchaser.

Guest Ledger. At the applicable Closing, Sellers will Seller shall receive a credit in an amount equal to to: (i) all amounts charged to the Guest Ledger for all room nights up to (but not including) the night during which the Cut-Off Time occurs occurs, and (ii) 50% of all amounts charged to the Guest Ledger for the room night which includes the Cut-Off Time (other than any restaurant or bar charges on the Guest Ledger which will shall be prorated in accordance with Appendix 8.1(b)(ii) belowSection 10.2.7), and Purchaser will shall be entitled to retain all deposits made and amounts collected with respect to such Guest Ledger. All room revenue for the night during which the Cut-Off Time occurs will be split equally between the applicable Seller and the Purchaser.

Guest Ledger. At the applicable Closing, Sellers will Seller shall receive a credit in an amount equal to to: (i) all amounts charged to the Guest Ledger for all room nights up to (but not including) the night during which the Cut-Off Time occurs occurs, and (ii) one half (1/2) of all amounts charged to the Guest Ledger for the room night which includes the Cut-Off Time (other than any restaurant or bar charges on the Guest Ledger which will shall be prorated in accordance with Appendix 8.1(b)(ii) belowSection 11.2.12), and Purchaser will shall be entitled to retain all deposits made and amounts collected with respect to such Guest Ledger. All room revenue for the night during which the Cut-Off Time occurs will be split equally between the applicable Seller and the Purchaser.

Guest Ledger. At the applicable Closing, Sellers will Seller shall receive a credit in an amount equal to all amounts (or 50% thereof in the case of the final night’s room revenue), less credit card charges, travel company charges and similar commissions, charged to the Guest Ledger for all room nights up to and including the night during which the Cut-Off Time occurs (other than any restaurant or bar charges on the Guest Ledger which will be prorated in accordance with Appendix 8.1(b)(ii) below), and Purchaser will shall be entitled to retain all deposits made and amounts collected with respect to for such Guest Ledger. All room revenue for the night during which the Cut-Off Time occurs will be split equally between the applicable Seller and the Purchaser.

Guest Ledger. At the applicable Closing, Sellers will Seller shall receive a credit in an amount equal to all amounts charged to the Guest Ledger for all room nights up to and including the night during which the Cut-Off Time occurs (other than any restaurant or bar charges on the Guest Ledger which will be prorated in accordance with Appendix 8.1(b)(ii) below), and Purchaser will shall be entitled to retain all deposits made and amounts collected with respect to for such Guest Ledger. All room revenue for the night during which the Cut-Off Time occurs will be split equally between the applicable Seller and the Purchaser.