Advance Bookings definition

Advance Bookings means reservations made by Crow and/or its ---------------- managing agent prior to Closing for Hotel rooms or meeting rooms to be utilized after Closing, or for catering services or other Hotel services to be provided after Closing, in the ordinary course of business.

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Advance Bookings means all commitments, reservations and agreements regarding future use of guest rooms, banquet rooms, conference rooms and other facilities constituting part of the Mortgaged Property.

Advance Bookings means the funds received as advance payment by the Concessionaire for the allotment/ allocation/ grant of lease of Commercial Ancillary Project Facilities to CAFP Sub-Lessees or allotment/ allocation/ grant of lease of shops to Sub-Lessees. Agreement means this ‘Concession Agreement’ including the Main Body and all Schedules attached hereto; Aggregate Delay Liquidated Damages Cap shall mean fifteen percent (15%) of the total cost of Construction quoted by the Bidder in the Bid; Applicable Laws means all applicable laws, promulgated or brought into force and effect by the GoS or the Government of Pakistan, as the case may be, including regulations and rules made thereunder, and judgments, decrees, injunctions, writs and orders of any court of record, as may be in force and effect during the subsistence of this Agreement; Applicable Permits means the Concessionaire Permits and all such approvals, consents, authorizations, notifications, concessions, acknowledgements, licenses, permits, decisions or similar items that relate to the Project and its implementation; Applicable Standards means the standards, specifications, requirements, criterion and timelines (as applicable) set out in relation to and applicable to:

Examples of Advance Bookings in a sentence

Crow acknowledges that the Purchase Price includes the transfer of Advance Bookings.
Owner JV shall receive a credit at Closing for revenue received by Hersha Owner prior to the Adjustment Point for Advance Bookings made during Hersha Owner’s period of ownership of the Property.
The Seller acknowledges that the Purchase Price includes the transfer of Advance Bookings.
Seller acknowledges that the Purchase Price includes the transfer of Advance Bookings and any payments and/or deposits made pursuant to such Advance Bookings.
Buyer shall assume and honor for its account all Bookings relating to dates after the Proration Time set forth on the Schedule of Advance Bookings delivered by Seller to Buyer at the Close of Escrow pursuant to SECTION 4.2.1.9.
The Advance Bookings, which are a part of the Intangible Personal Property are set forth in Exhibit “B”, and Assignee accepts and agrees to assume the obligations of Assignor under the Advance Bookings occurring after the Effective Date (as hereinafter defined).
Borrower and the Manager are in compliance in all material respects with all Legal Requirements relating to all Advance Bookings Deposits with respect to the Mortgaged Property, except for non-compliance which is not reasonably expected to have a Material Adverse Effect on Borrower or the Mortgaged Property.
All Advance Bookings will be disclosed in the Due Diligence Materials.
Buyer shall assume and honor for its account all Bookings relating to dates after the Proration Time set forth on the Schedule of Advance Bookings delivered by Seller to Buyer at the Close of Escrow pursuant to Section 4.2.1.9.
In the event that, on any Payment Due Date upon which a Marriott Management Period no longer exists, the balance on deposit in the Advance Bookings Reserve Account is greater than the aggregate of all then unearned or otherwise refundable Advance Bookings Deposits (as set forth on the then most recent Advance Bookings Reserve Statement), then Lender shall disburse the difference into the Lockbox Account for application as set forth in the Lockbox Account Agreement.

More Definitions of Advance Bookings

Advance Bookings means and include any payments or reservations for a date or time period following Closing for future public functions, banquets or rooms in the Hotel.

Advance Bookings. All blocks and reservations for individuals, groups or conventions for rooms, convention and/or recreational facilities confirmed at commercially reasonable rates and made in the ordinary course of business.

Advance Bookings means reservations and agreements made or entered into by PAHP, LP or Selling Transferor, as applicable, and/or their respective Operating Lessee or Manager prior to Closing and to be assumed by Transferee for hotel rooms or meeting rooms to be utilized after Closing, or for catering services or other hotel services to be provided after Closing at or by their respective Hotels.

Advance Bookings means any and all reservations for public functions, banquets or rooms in the Hotel or on the Real Property for any period, all or any portion of which function, banquet or room use occurs after the Closing Date.