Common use of Guest Ledger Clause in Contracts

Guest Ledger. as to each Hotel, all charges accrued to the open accounts of any guests or customers of such Hotel as of the Apportionment Time for the use or occupancy of any guest, conference or banquet rooms or other facilities at such Hotel, and restaurant, bar or banquet services, or any other goods or services provided by or on behalf of the applicable Seller at such Hotel.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (American Realty Capital Hospitality Trust, Inc.), Purchase and Sale Agreement (American Realty Capital Hospitality Trust, Inc.)

Guest Ledger. as to each Hotel, all charges accrued to the open accounts of any guests or customers of such the Hotel as of the Apportionment Time for the use or occupancy of any guest, conference or banquet rooms or other facilities at such the Hotel, and restaurant, bar or banquet services, or any other goods or services provided by or on behalf of the applicable Seller at such the Hotel.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Chesapeake Lodging Trust)