Common use of Guest Revenues Clause in Contracts

Guest Revenues. Revenues from guest rooms in the Hotel occupied on the night containing the "Cut-off Time" (as defined below), including any sales taxes, room taxes and other taxes charged to guests in such rooms, all parking charges, sales from mini-bars, in-room food and beverage, telephone, facsimile and data communications, in-room movie, laundry, and other service charges allocated to such rooms with respect to the night containing the Cut-off Time shall be divided equally between Seller and Buyer; provided, however, that to the extent the times at which food and beverage sales, telephone, facsimile or data communication, in-room movie, laundry, and other services are ordered by guests, can be determined, the same shall be allocated between Seller and Buyer based on when orders for the same were received, with orders originating prior to 11:59 p.m. Pacific time at the Hotel on the day prior to the Closing Date (the "CUT-OFF TIME") being allocable to Seller, and orders originating from and after the Cut-off Time being allocable to Buyer. All other revenues from restaurants, lounges, and other service operations conducted at the Property shall be allocated based on whether the same accrued before or from and after the Cut-off Time as described in the preceding sentence, and Seller shall instruct its manager, and Buyer shall instruct its manager, to separately record sales occurring before and from and after the Cut-off Time. The foregoing amounts are referred to collectively as "GUEST REVENUES."

Guest Revenues. Revenues from guest rooms in the Hotel occupied on the night containing the "Cut-off Off Time" (as defined below), including any sales taxes, room taxes and other taxes charged to guests in such rooms, all parking charges, sales from mini-bars, in-room food and beverage, telephone, facsimile and data communications, in-room movie, laundry, and other service charges allocated to such rooms with respect to the night containing the Cut-off Off Time shall be divided equally between Seller and Buyer; provided, however, that to the extent the times at which food and beverage sales, telephone, facsimile or data communication, in-room movie, laundry, and other services are ordered by guests, guests can be determined, the same shall be allocated between Seller and Buyer based on when orders for the same were received, with orders originating prior to 11:59 p.m. Pacific time at the Hotel on the day prior to the Closing Date (the "CUTCut-OFF TIME") Off Time being allocable to Seller, and orders originating from and after the Cut-off Off Time being allocable to Buyer. All other revenues from restaurants, lounges, and other service operations conducted at the Property shall be allocated based on whether the same accrued before or from and after the Cut-off Off Time as described in the preceding sentence, and Seller shall instruct its manageror cause the Manager, and Buyer shall instruct its manager, to separately record sales occurring before and from and after the Cut-off Off Time. The foregoing amounts are referred to collectively as "GUEST REVENUES“Guest Revenues”."

Guest Revenues. Revenues from guest rooms in the Hotel occupied on the night containing the "Cut-off Time" (as defined below), including any sales taxes, room taxes and other taxes charged to guests in such rooms, all parking charges, sales from mini-bars, in-room food and beverage, telephone, facsimile and data communications, in-room movie, laundry, and other service charges allocated to such rooms with respect to the night containing the Cut-off Time shall be divided equally between Seller and Buyer; provided, however, that to the extent the times at which food and beverage sales, telephone, facsimile or data communication, in-room movie, laundry, and other services are ordered by guests, can be determined, the same shall be allocated between Seller and Buyer based on when orders for the same were received, with orders originating prior to 11:59 p.m. Pacific time at the Hotel on the day prior to the Closing Date (the "CUTCut-OFF TIME") off Time being allocable to Seller, and orders originating from and after the Cut-off Time being allocable to Buyer. All other revenues from restaurants, lounges, and other service operations conducted at the Property shall be allocated based on whether the same accrued before or from and after the Cut-off Time as described in the preceding sentence, and Seller shall instruct its manager, and Buyer shall instruct its manager, to separately record sales occurring before and from and after the Cut-off Time. The foregoing amounts are referred to collectively as "GUEST REVENUES“Guest Revenues."”

Guest Revenues. Revenues from guest rooms in the Hotel Hotels occupied on the night containing the "Cut-off Off Time" (as defined below), including any sales taxes, room taxes and other taxes charged to guests in such rooms, all parking charges, sales from mini-bars, in-room food and beverage, telephone, facsimile and data communications, in-room movie, laundry, and other service charges allocated to such rooms with respect to the night containing the Cut-off Off Time shall be divided equally between Seller the Fee Owners and Buyerthe Operating Tenants; provided, however, that to the extent the times at which food and beverage sales, telephone, facsimile or data communication, in-room movie, laundry, and other services are ordered by guests, guests can be determined, the same shall be allocated between Seller the Fee Owners and Buyer the Operating Tenants based on when orders for the same were received, with orders originating prior to 11:59 p.m. Pacific time at the Hotel on the day prior to the Closing Date (the "CUTCut-OFF TIME") Off Time being allocable to Sellerthe Fee Owners, and orders originating from and after the Cut-off Off Time being allocable to Buyerthe Operating Tenants. All other revenues from restaurants, lounges, and other service operations conducted at the Property shall be allocated based on whether the same accrued before or from and after the Cut-off Off Time as described in the preceding sentence, and Seller the Company shall cause Fee Owner to instruct its manager, and Buyer shall instruct its manager, the Manager to separately record sales occurring before and from and after the Cut-off Off Time. The foregoing amounts are referred to collectively as "GUEST REVENUES."