Common use of Operations Settlement Clause in Contracts

Operations Settlement. A final accounting prepared by Sellers’ and Buyer’s accountants in the period between eight o’clock p.m. (local time) on the day prior to the Closing Date and eight o’clock a.m. (local time) on the Closing Date, the results of which shall be incorporated into the closing statement.

Appears in 3 contracts

Samples: Purchase and Sale   Agreement, Agreement of Purchase and Sale (Ashford Hospitality Trust Inc), Agreement of Purchase and Sale (CNL Hotels & Resorts, Inc.)

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Operations Settlement. A final accounting prepared by Sellers’ and Buyer’s accountants in the period between eight o’clock p.m. (local time) on the day prior to the Closing Date and eight o’clock a.m. (local time) on the Closing Date, the results of which shall be incorporated into the closing statement.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (CNL Hotels & Resorts, Inc.)

Operations Settlement. A final An accounting prepared by Sellers’ and Buyer’s accountants in the period between eight o’clock p.m. (local time) on the day prior to the Closing Date and eight o’clock a.m. (local time) on the Closing Date, the results of which shall be incorporated into the closing statement.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (CNL Hotels & Resorts, Inc.)

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Operations Settlement. A final accounting prepared by Sellers' and Buyer’s 's accountants in the period between eight o’clock o'clock p.m. (local time) on the day prior to the Closing Date and eight o’clock o'clock a.m. (local time) on the Closing Date, the results of which shall be incorporated into the closing statement.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Ashford Hospitality Trust Inc)

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