Common use of Guest Ledger Clause in Contracts

Guest Ledger. The open account (“Guest Ledger Account”) for each person who is a guest at the Hotel on the night immediately preceding Closing (“Closing Eve”) shall be prorated between Seller and Buyer as follows:

Appears in 4 contracts

Samples: Agreement of Purchase and Sale of Real Property and Joint Escrow Instructions, Purchase and Sale Agreement (Highland Hospitality Corp), Agreement of Purchase and Sale (Apple REIT Seven, Inc.)

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Guest Ledger. The open account (“Guest Ledger Account”) for each person who is a guest at the Hotel on for the night immediately preceding Closing (“Closing Eve”) shall be prorated between Seller and Buyer as follows:

Appears in 1 contract

Samples: Agreement for Purchase and Sale (Ashford Hospitality Prime, Inc.)

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Guest Ledger. The open account (“Guest Ledger AccountLedger”) for each person who is a guest at the Hotel on the night immediately preceding the Closing (“Closing Eve”) shall be prorated between Seller and Buyer as follows:

Appears in 1 contract

Samples: Purchase and Sale Agreement and Joint Escrow Instructions (Chesapeake Lodging Trust)

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