Common use of Guest Ledger Clause in Contracts

Guest Ledger. At Closing, Seller shall receive a credit in an amount equal 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, 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 shall be prorated in accordance with Section 11.2.8 hereof, and any Function Revenues, which shall be prorated in accordance with Section 11.2.12 hereof), and Purchaser shall be entitled to retain all deposits made and amounts collected with respect to the Guest Ledger.

Guest Ledger. At Closing, Seller shall receive a credit in an amount equal to: (i) all amounts charged to the guest ledger for the Property (the “Guest Ledger Ledger”) for all room nights up to (but not including) the night during which the Night Audit Cut-Off Time occurs, and (ii) one one-half (½) of all amounts charged to the Guest Ledger for the room night which includes the Night Audit Cut-Off Time (other than any restaurant restaurant, bar or bar parking charges or any other charges other than room revenues on the Guest Ledger, Ledger which shall be prorated in accordance with Section 11.2.8 hereof, and any Function Revenues, which shall be prorated in accordance with Section 11.2.12 hereof6.3), and Purchaser shall be entitled to retain all deposits made and amounts collected with respect to the such Guest Ledger.

Guest Ledger. At Closing, Seller shall receive a credit in an amount equal 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, and (ii) one one-half (½1/2) of all amounts charged to the Guest Ledger for the room night which includes the Cut-Off Time net of any fees and commissions retained by credit card companies and occupancy or sales tax due with respect thereto (other than any restaurant or bar charges on the Guest Ledgerfor such room night, which shall be are otherwise prorated in accordance with under Section 11.2.8 hereof, and any Function Revenues, which shall be prorated in accordance with Section 11.2.12 hereof10.1(j)), and Purchaser shall be entitled to retain all deposits made and amounts collected with respect to the for such Guest Ledger.