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

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Operations Settlement. A final accounting as of the Transfer Time prepared by Sellers’ and BuyerSeller’s accountants in the period between eight o’clock p.m. (local time) on the day prior to the Closing Date and eight twelve o’clock a.m. (local time) noon on the day immediately following the Closing Date, the results of which shall be incorporated into a written operations settlement statement which shall be executed by Buyer and Seller and the closing statementamount due to Seller thereunder shall be paid for by Buyer on or before noon on the day after the Closing Date. Each party shall bear their own costs of participation in preparation of the Operations Settlement.

Appears in 2 contracts

Samples: Agreement of Sale (Columbia Properties Vicksburg LLC), Agreement of Sale (Nevada Gold & Casinos 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: Purchase and Sale Agreement (CNL Hotels & Resorts, Inc.)

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

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