Food and Beverage Inventory.
All inventory of food and beverages, including alcoholic beverages, owned by Seller located at the Hotel, and used in the operation of any restaurant, cafe, bar or other food service operation within the Hotel.
Food and Beverage Inventory
means the stock of raw and processed foods, spices, condiments and beverages used to provide food and beverage service within the Hotel, other than the Liquor Inventory.
Food and Beverage Inventory.
5 (o) "Franchise Agreement" 5 (p) "Franchisor" 5 (q) "Hotel" 5 (r) "Improvements" 5 (s) "Intangible Property" 5 (t) "Latent Defects" 6 (u) "Laws" 6 (v) "Managing Partner" 6 (w) "Operating Equipment" 6 (x) "Operating Supplies" 6 (y) "Person" 6 (z) "Permitted Title Exceptions" 6 (aa) "Permitted Transferee" 6 (ab) "Personalty" 6 (ac) "Purchase Price" 6 (ad) "Real Property" 6 (ae) "Title Agent" 7 2 Agreement of Purchase and Sale 7 3 Purchase Price 7 (a) Xxxxxxx Money 7 (b) Liquidated Damages 7 (c) Cash at Closing 7 4 Allocation of Purchase Price 8
Examples of Food and Beverage Inventory in a sentence
Except as may otherwise be provided in any Contracts, all Food and Beverage Inventory is free and clear of any lien or claim, except for the Existing Indebtedness.
At Closing, Seller shall receive an aggregate credit in the amount of fifty percent (50%) of the value of the Food and Beverage Inventory as of the Closing Date, as such value is reflected in the financial books of the Hotel; provided, however, in no event shall such credit exceed $60,000.
The data obtained from our study suggested that emulsifier type plays a vital role in maintaining the retention of ergocalciferol in nanoemulsions, and the loss of ergocalciferol decreased in the following order: SC >>MO7S> ML.
She has further submitted that only because panch witnesses have turned hostile, the case of the prosecution cannot be discarded.
Each Owner shall own, lease or license Personal Property, and each Operating Entity, and with respect to Winston Salem, the related Owner, shall own Intangibles and Food and Beverage Inventory, adequate to maintain and operate each Real Property Asset as a hotel in accordance with the standards of this Agreement, the Loan Documents, the related Operating Leases and the related Franchise Agreements.
More Definitions of Food and Beverage Inventory
Food and Beverage Inventory
means the inventory of usable foodstuffs and beverages located at all of the Restaurants, including the Liquor Inventory.
Food and Beverage Inventory
means Seller’s interest as of the Closing Date in the inventory of foodstuffs and beverages, including the Liquor Inventory,
Food and Beverage Inventory.
5 (o) "Franchise Agreement" 5 (p) "Franchisor" 5 (q) "Hotel" 5 (r) "Improvements" 5 (s) "Intangible Property" 5 (t) "Latent Defects" 6 (u) "Laws" 6 (v) "Managing Partner" 6 (w) "Operating Equipment" 6 (x) "Operating Supplies" 6 (y) "Person" 6 (z) "Permitted Title Exceptions" 6 (aa) "Permitted Transferee" 6 (ab) "Personalty" 6 (ac) "Purchase Price" 6 (ad) "Real Property" 6 (ae) "Title Agent" 7
Food and Beverage Inventory
means food and beverages (including liquor), utensils and china stored at the hotel on the Mortgaged Property for service to hotel guests. "Licenses" shall mean all material franchises, trademarks, tradenames, copyrights, licenses, permits, certificates, authorizations, qualifications, accreditations, easem*nts, rights of way and other rights, consents and approvals which are necessary for the operation of the Mortgaged Property and its business as presently conducted, including without limitation, liquor licenses, as applicable.
Food and Beverage Inventory
means all food and beverage (alcoholic and non--alcoholic (to the extent lawfully transferable to Purchaser)) which are owned by Seller and on hand as of the Closing Date, whether issued to the food and beverage department or held in reserve storage.
Food and Beverage Inventory
means Seller’s interest as of the Closing Date in the inventory of foodstuffs and beverages, including the Liquor Inventory, for use in the operation of the Restaurants and which are useable for the Applebee’s menu (as of the Closing Date), not expired and not spoiled.
Food and Beverage Inventory
means food and beverages (including liquor) stored at the hotel on each Real Property Asset for service to hotel guests.
I'm well-versed in the intricate world of Food and Beverage Inventory, and I'm here to unravel the complexities for you. Let's dissect the provided snippets.
Definition: Food and Beverage Inventory refers to the stock of raw and processed foods, spices, condiments, and beverages used in the operation of restaurants, cafes, bars, or other food service operations within a hotel. This includes alcoholic beverages.
Components of Food and Beverage Inventory:
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Raw and Processed Foods: This encompasses both the ingredients used for cooking and the prepared items ready for service.
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Spices and Condiments: The array of flavor enhancers and seasonings vital for culinary creations.
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Beverages: A broad category including non-alcoholic drinks and the specific mention of alcoholic beverages.
Legal Jargon: The snippets introduce legal terms such as "Franchise Agreement," "Franchisor," "Hotel," and others. These terms likely pertain to contractual agreements and legal frameworks surrounding the management and operation of the hotel and its associated entities.
Financial Transactions: The provided information delves into the financial aspects, mentioning the "Purchase Price" and the allocation of purchase price. This suggests a financial transaction involving the acquisition of the food and beverage inventory.
Credit Allocation: Upon closing a transaction, the seller receives a credit based on the value of the Food and Beverage Inventory reflected in the financial books of the hotel. This credit is capped at $60,000 and amounts to 50% of the inventory value.
Scientific Insight: A brief scientific insight is provided, indicating the role of emulsifier type in maintaining the retention of ergocalciferol in nanoemulsions. This seems unrelated to the main topic but may have implications in food and beverage technology.
Legal Definitions: The snippets introduce various legal terms such as "Person," "Real Property," and "Title Agent," which might be crucial in understanding the legal context surrounding the Food and Beverage Inventory.
Ownership and Operation: Ownership, leasing, or licensing of personal property, intangibles, and food and beverage inventory are specified to ensure the proper maintenance and operation of real property assets as hotels.
These diverse elements paint a comprehensive picture of the intricacies involved in managing, acquiring, and legalizing food and beverage inventory within the hospitality industry.
