Additional Credit. Buyer shall receive a credit in an amount equal to the sum of (i) fifty percent (50%) of room revenue posted for the Day preceding the Closing Date plus (ii) $4 per occupied room as of midnight on the Day preceding the Closing Date.
Appears in 3 contracts
Sources: Agreement for Purchase and Sale (Capital Lodging), Purchase and Sale Agreement (Capital Lodging), Purchase and Sale Agreement (Capital Lodging)