Booking means the booking You have made with Us for the Tour.
Transient lodging means a room or a suite of rooms.
Transient space marketplace means an online marketplace through which a person may offer transient accommodations or hotel rooms to individuals. A “transient space marketplace” allows transient accommodations or hotel rooms to be advertised or listed through an online marketplace 1[and] in exchange for consideration or1 provides a means for a customer to arrange for the occupancy of the transient accommodation or hotel room in exchange for consideration 1[directly through the online marketplace]. A ‘transient space marketplace’ shall not include an online marketplace operated by or on behalf of a hotel or hotel corporation that facilitates customer occupancy solely for the hotel or hotel corporation’s owned or managed hotels and franchisees.1
Underwritten Net Cash Flow means, as of any date of determination, the excess of: (i) for the twelve (12) month period ending on such date, the sum of (A) the lesser of (1) GPR multiplied by 94.0%, and (2) Actual Rent Collections, and (B) Other Receipts; over (ii) for the twelve (12) month period ending on such date, the sum of (A) Operating Expenses, adjusted to reflect exclusion of amounts representing non-recurring expenses, (B) Underwritten Capital Expenditures and (C)
Secondary Market Transaction shall have the meaning set forth in Section 11.1 hereof.