House Funds. Cash on hand at or for the Hotels, including, without limitation, xxxxx cash funds and cashiers’ banks but exclusive of Reserve Funds.
House Funds. Buyer and Sellers shall mutually agree upon a procedure for counting and determining all House Funds as of the Transfer Time and Buyer shall pay to Sellers as part of the Operations Settlement the amount of House Funds so determined. Buyer shall have no obligation to purchase chips or tokens of other casinos, all of which shall be retained by Sellers and are excluded from sale. The House Funds are not included in the Purchase Price and the purchase price thereof shall be in addition to the Purchase Price.
House Funds. Buyer and Sellers shall mutually agree upon a procedure consistent with the counting of House Funds in the Ordinary Course of Business and in accordance with applicable Laws for counting and determining all House Funds as of the Closing, with such amount being included in the Calculation of the Estimated Closing Net Working Capital. Buyer shall have no obligation to purchase chips or tokens of other casinos, all of which shall be retained by Sellers and are Excluded Assets.
House Funds. Growth Partners and CEOC shall mutually agree upon a procedure, consistent with the counting of House Funds in the ordinary course of business and in accordance with applicable Laws, for counting and determining House Funds with respect to each Casino as of the Closing.
House Funds. Buyer and the applicable Seller shall mutually agree upon a procedure for counting and determining all House Funds as of the Transfer Time for each Property and Buyer shall pay to the applicable Seller, pursuant to the procedures set forth in this Section 4.2, the amount of House Funds in excess of the Minimum Cash for such Seller’s Property. Buyer shall have no obligation to purchase chips or tokens of other casinos, all of which shall be retained by the applicable Seller and are excluded from the transaction contemplated herein. The House Funds in excess of the Minimum Cash are not included in the Purchase Price and the purchase price therefor shall be in addition to the Purchase Price.
House Funds. At Closing, Seller shall receive a credit for all the cash on hand at the facilities operating on the Real Property as of the Apportionment Time, and such cash on hand shall become the property of Purchaser as of the Closing.
House Funds. All house funds on hand at the Operations Cutoff Time shall be credited to Seller and debited to Purchaser. All accounts in which House Funds are maintained shall be transferred by Seller to Purchaser upon the Closing pursuant to an assignment of such accounts and execution by the parties of new account signature cards, or by transfer to new accounts opened by Purchaser for such purpose.
House Funds. All cash on hand in each Hotel in cash registers, cashiers' "banks", and change funds (collectively, the "House Funds") as of the Cut-off Time will be purchased by Buyer and credited (in the amount thereof) to Seller and debited (in the amount thereof) to Buyer. All other funds will remain the sole property of Seller and will be applied and returned to Seller at the Closing.
House Funds. At Closing, Owner shall remove and retain or caused to be removed and retained all the cash on hand at the Hotel and the Golf Course as of the Closing Date, and such cash on hand shall not become the property of Buyer as of the Closing.
