Common use of Room Rentals Clause in Contracts

Room Rentals. All receipts from guest room rentals and other suite revenues for the night in which the Cutoff Time occurs shall belong to Seller, but Seller shall provide Buyer credit at Closing equal to the reasonable expenses to be incurred by Buyer to clean such guests’ rooms.

Appears in 48 contracts

Samples: Purchase Contract (Apple REIT Ten, Inc.), Purchase Contract (Apple REIT Seven, Inc.), Purchase Contract (Apple REIT Nine, Inc.)

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Room Rentals. All receipts from guest room rentals and other suite revenues for the night in which the Cutoff Time occurs shall belong to Seller, but Seller shall provide Buyer a credit at Closing in an amount equal to $35.00 per room to cover the reasonable expenses to be incurred by Buyer to clean such guests’ rooms.

Appears in 2 contracts

Samples: Purchase Contract (Apple REIT Ten, Inc.), Purchase Agreement (Apple REIT Nine, Inc.)

Room Rentals. All receipts from guest room rentals and other suite revenues for the night in which the Cutoff Time occurs shall belong to Seller, but Seller shall provide Buyer credit at Closing equal to $35.00 for each occupied guest room rental to defray the reasonable expenses to be incurred by Buyer to clean such guests’ rooms.

Appears in 1 contract

Samples: Purchase Contract (Apple REIT Seven, Inc.)

Room Rentals. All receipts from guest room rentals and other suite revenues for the night in which the Cutoff Time occurs shall belong to Seller, but Seller shall provide Buyer credit at Closing equal to the reasonable expenses to be incurred by Buyer to clean such guests' rooms.

Appears in 1 contract

Samples: Purchase Contract (Apple Hospitality Five Inc)

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Room Rentals. All receipts from guest room rentals and other suite revenues for the night in which the Cutoff Time occurs shall belong to Seller, but Seller shall provide Buyer credit at Closing equal to the reasonable expenses to be incurred by Buyer to clean such guests’ rooms.

Appears in 1 contract

Samples: Purchase Contract (Orange Hospitality, INC)

Room Rentals. All receipts from guest room rentals and other suite revenues for the night in which the Cutoff Time occurs shall belong to Seller, but Seller shall provide Buyer credit at Closing equal to the reasonable expenses to be incurred by Buyer to clean such guests’ rooms$35 per occupied room.

Appears in 1 contract

Samples: Purchase Contract (Apple REIT Eight, Inc.)

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