Hotel Accounts definition

Hotel Accounts has the meaning contained in Section 4.01.
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Hotel Accounts means the General Account and Owner’s Depository Account. ​
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Hotel Accounts as defined in Section 7.01.
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Examples of Hotel Accounts in a sentence

  • The Hotel Accounts shall be used in connection with the operation of the Business and the performance of the terms and conditions of this Agreement.

  • Arrangements shall be made such that Manager can draw on the Hotel Accounts to transfer funds to such payroll accounts immediately upon its payment of such Compensation.

  • All Gross Revenues will be deposited in the Hotel Accounts as and when received.

  • All funds received in the operation of the Hotel will be deposited into one or more special accounts bearing the name of the Hotel (the "Hotel Accounts") in the banks so selected.

  • Work as Good and Efficient Employee in Hotels or in Hospitality Industry or Develop own Enterprise.2. Use Special Features of Columnar (Tabular) form of Accounting.3. Classify, Record and Present the accounting data according the Uniform System of Hotel Accounts (USHA).4.

  • The Borrower and the Operating Subsidiaries shall have delivered to the Hotel Account Bank and to credit card companies instructions, pursuant to which the recipients thereof have been instructed to transfer the funds then on deposit in the Hotel Accounts and to make all payments, respectively, directly into the Lockbox Account upon notice from the Administrative Agent that an Event of Default has occurred hereunder.

  • Promus shall be permitted (and is hereby authorized) to set off against any amounts owed to Promus by Lessee under the Management Agreement and the License Agreement any funds held by Promus pursuant to the Management Agreement, including amounts in the Hotel Accounts, whether or not amounts are due to Fee Owner by Lessee under the Percentage Lease.

  • Lilo offers two types of Accounts: "Hotel Accounts" for buyers who purchase goods for use in their property or for resale through the Services, and "Vendor Accounts" for sellers who offer their goods to Hotels through the Services.

  • All funds received in the operation of the Hotel will be, deposited into one or more special accounts bearing the name of the Hotel (the "Hotel Accounts"), or the Capital Replacement Reserve Accounts as appropriate, in the banks so selected by Manager.

  • Upon establishment of the Hotel Accounts, the sum set forth on Schedule I and designated as the Minimum Balance (the "Minimum Balance") will be deposited in the Hotel Accounts by the Lessee and will be maintained throughout the Term.


More Definitions of Hotel Accounts

Hotel Accounts means the General Account and Owner’s Depository Account.
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Hotel Accounts mean any and all "accounts", as such term is defined in Section 9-106 of the Code, including any and all rights and claims in, to and under, all accounts, accounts receivable, contract rights and rights to payment for merchandise, goods or commodities sold or leased or to be sold or leased or for services rendered or to be rendered, however evidenced, including, without limitation, any of the room charges and other consideration paid by any lodger or guest for the use or occupancy of any guest room, banquet room, ballroom, recreational facility, parking structure or other part of a Hotel Property, specifically, including, without limitation, charges for any and all telephone calls, laundry and dry cleaning, parking, valet, room service, use of rooms, banquet rooms and movie or other entertainment, any office, copy, fax or other business machinery, and all other forms of obligations for the payment of money owing to an Operating Subsidiary arising out of the ownership and operation of a Hotel Property, all guaranties and security therefor, and letters of credit relating thereto.
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Hotel Accounts shall have the meaning given such term in Section 5.1.
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Hotel Accounts means the General Account and Owner’s Depository Account. (q) Reserved (r) “Impositions” means all taxes, assessments, water, sewer or other rents, rates and charges, levies, license fees, permit fees, inspection fees and any other fees and charges, which at any time may be assessed, levied, confirmed, or imposed on the Business by a governmental or quasi-governmental authority or utility, but excluding income taxes payable by Owner resulting from operations. (s) “Insurance Requirements” means all terms of each insurance policy required to be carried hereunder, and all orders, rules, regulations and other requirements of the National Board of Fire Underwriters (or any other body exercising similar functions) applicable to the Business but does not include recommendations of the insurance carriers. (t) “Leased Land” means the parcel or parcels of real property legally described in Schedule 1 attached and Owner’s interest therein, whether in a fee or leasehold estate, together with all entrances, exits, rights of ingress and egress, easements and appurtenances. (u) “Legal Requirements” means all laws, statutes, ordinances, orders, rules, regulations, permits, licenses, authorizations, directions, and requirements of all governmental authorities, that now or hereafter apply or are asserted to apply to the Business, but not to Owner’s federal, state, and local tax returns. (v) “License Agreements” means the existing Franchise, if any, described in Schedule 2 attached and any other license or franchise agreement selected by Owner in its sole discretion, that grants to Owner a franchise or license to use the distinctive trademarks, trade names, signs, emblems, color schemes and other readily
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Hotel Accounts as defined in Section 5.01.
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Related to Hotel Accounts

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Management Accounts means unaudited accounts which shall incorporate a profit and loss statement, cash flow statement and balance sheet.

  • Project Accounts means accounts referred to in and required to be established under the Senior Funding Agreements;

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement;

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Sub-Accounts means the respective Sub-Accounts of the Escrow Account, into which the monies specified in Clause 4.1 would be credited every month and paid out if due, and if not due in a month then appropriated proportionately in such month and retained in the respective Sub Accounts and paid out therefrom on the Payment Date(s).

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Collection Accounts As defined in Section 3.10(a).

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Mortgagor Accounts As defined in Section 3.07(a) of this Agreement.

  • Separate Accounts means the accounts which are to be prepared for each

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Agency Account(s means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1 hereof.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Locked Box Accounts means the accounts in agreed form of the Group Companies, comprising a balance sheet as at the Locked Box Date and profit and loss account for the period which commenced on 18 October 2016 and which ended on the Locked Box Date;

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

  • Seller’s Account means such account as the Seller may specify to the Guarantor from time to time;