Common use of Hotel Accounting Clause in Contracts

Hotel Accounting. All monthly and other operating statements to be delivered by Borrower hereunder shall be (and all accompanying Officer’s Certificates shall state that they have been) prepared based upon the USALI.

Appears in 2 contracts

Samples: Mezzanine Loan Agreement (Morgans Hotel Group Co.), Loan Agreement (Morgans Hotel Group Co.)

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Hotel Accounting. All monthly and other operating statements to be delivered by Borrower and Operating Tenant hereunder shall be (and all accompanying Officer’s Certificates shall state that they have been) prepared based upon the USALI.

Appears in 1 contract

Samples: Loan Agreement (Behringer Harvard Opportunity REIT II, Inc.)

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Hotel Accounting. All monthly and other operating statements to be delivered by Borrower hereunder shall be (and all accompanying Officer’s Certificates shall state that they have been) prepared based upon the USALI.

Appears in 1 contract

Samples: Loan Agreement (Condor Hospitality Trust, Inc.)

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