Tray Ledger definition

Tray Ledger means the final night's room revenue (revenue from rooms occupied as of 12:01 a.

Tray Ledger means, with respect to each Property, the final night’s room revenue (revenue from rooms occupied as of 12:01 a.m. on the Closing Date, exclusive of food, beverage, telephone and similar charges which shall be retained by the Seller), including any sales taxes, room taxes or other taxes thereon.

Tray Ledger means any accounts receivable of registered hotel guests who have not checked out and who are occupying hotel rooms at the Casino and/or Hotel on the evening of the Closing Date, including the related Room Revenues.

Examples of Tray Ledger in a sentence

• Crow shall be entitled to all revenue and shall be responsible for all expenses for the period of time up to but not including the date of Closing, and Patriot shall be entitled to all revenue and shall be responsible for all expenses for the period of time from, after and including the date of Closing (provided that housekeeping costs and the Tray Ledger for the date of Closing shall be shared equally between Patriot and Crow).

• The Seller shall be entitled to all income, including the Tray Ledger, and responsible for all expenses for the period of time up to but not including the Closing Date, and the Purchaser shall be entitled to all income and responsible for all expenses for the period of time from, after and including the Closing Date.

• For purposes of this Agreement, transfer or sale at face value shall have the following meaning for the guest ledger: the total of all credit card accounts receivable as shown on the records of the Hotel, less actual collection costs (i.e., fees retained by credit card companies), less Patriot's one-half ( 1/2) share of the Tray Ledger.

• For purposes of this Agreement, transfer or sale at face value shall have the following meaning for the guest ledger: the total of all credit card accounts receivable as shown on the records of the Hotel, less actual collection costs (i.e., fees retained by credit card companies), less Patriot's one-half (1/2) share of the Tray Ledger.

• Buyer shall purchase the Tray Ledger as of the Transfer Time from Sellers pursuant to the Operations Settlement.

More Definitions of Tray Ledger

Tray Ledger means the final night's room revenue (revenue from rooms occupied as of 11:59:59 p.m. on the Apportionment Date, inclusive of food, beverage, telephone and similar charges), net of any sales taxes, room taxes or other taxes thereon.

Tray Ledger means the final night’s room revenue (revenue from rooms occupied as of 12:01 a.m. on the Closing Date, exclusive of food, beverage, telephone and similar charges which shall be retained by the Seller), including any sales taxes, room taxes or other taxes thereon.

Tray Ledger means any accounts receivable of registered guests who have not checked out and who are occupying rooms at the Hotel/Casino on the evening of the Closing Date.

Tray Ledger means any accounts receivable of registered guests who have not checked out and who are occupying rooms at the Real Property as of the Transfer Time.

Tray Ledger means, as it relates to each Seller, any accounts receivable of registered guests who have not checked out and who are occupying rooms at such Seller’s Property on the evening of the Closing Date, including without limitation the Room Revenues.

Tray Ledger means any accounts receivable of registered guests who have not checked out and who are occupying rooms at the Barbary Coast at the Time of Proration.

Tray Ledger means fifty percent (50%) of the final night's room revenue (revenue from rooms occupied as of 12:01 a.