Common use of Hotel Accounting Clause in Contracts

Hotel Accounting. All monthly and other operating statements to be delivered by Borrowers hereunder shall be (and all accompanying Officer's Certificates shall state that they have been) prepared based upon the Uniform System of Accounts for Hotels, current edition.

Appears in 2 contracts

Samples: Loan Agreement (Lodgian Inc), Loan Agreement (Humphrey Hospitality Trust Inc)

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Hotel Accounting. All monthly and other operating statements to be delivered by Borrowers or on behalf of Borrower or Operating Lessee hereunder shall be (and all accompanying Officer's ’s Certificates shall state that they have been) prepared based upon GAAP and the Uniform System of Accounts for Hotels, current edition.

Appears in 1 contract

Samples: Loan Agreement (Ashford Hospitality Prime, Inc.)

Hotel Accounting. All monthly and other operating statements to be delivered by Borrowers or on behalf of Borrower hereunder shall be (and all accompanying Officer's ’s Certificates shall state that they have been) prepared based upon GAAP and the Uniform System of Accounts for Hotels, current edition.

Appears in 1 contract

Samples: Loan Agreement (Strategic Hotels & Resorts, Inc)

Hotel Accounting. All monthly and other operating statements to be delivered by Borrowers hereunder shall be (and all accompanying Officer's ’s Certificates shall state that they have been) prepared based upon the Uniform System of Accounts for Hotels, current edition.

Appears in 1 contract

Samples: Loan Agreement (Supertel Hospitality Inc)

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Hotel Accounting. All monthly and other operating statements to be delivered by Borrowers or on behalf of a Borrower or an Operating Lessee hereunder shall be (and all accompanying Officer's ’s Certificates shall state that they have been) prepared based upon the Uniform System of Accounts for Hotels, current edition.

Appears in 1 contract

Samples: Loan Agreement (American Realty Capital Hospitality Trust, Inc.)

Hotel Accounting. All monthly and other operating statements to be delivered by Borrowers Borrower hereunder shall be (and all accompanying Officer's Certificates shall state that they have been) prepared in accordance with the Approved Accounting Standard or based upon the Uniform System of Accounts for Hotels, current edition.

Appears in 1 contract

Samples: Mezzanine Loan Agreement

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