REGULAR INVENTORY definition
REGULAR INVENTORY means lodging accommodations offered for sale by Participating Chains and Participating Properties that are not Travel Inventory.
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Related to REGULAR INVENTORY
Regular Interval means monthly, quarterly, half yearly or annual periods.
REMIC I Regular Interests The Classes of undivided beneficial interests in REMIC I designated as “regular interests” in the table titled “REMIC I Interests” in the Preliminary Statement hereto. The REMIC I Regular Interests, together with the Class R-1 Residual Interest, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC I Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.
Class A-L Regular Interests The Class A-1A-L, Class A-1B-L and Class A-1C-L Regular Interests.
Regular interest A “regular interest” in a REMIC within the meaning of Section 860G(a)(1) of the Code.
L Regular Interest The uncertificated undivided beneficial interest in REMIC II which constitutes a REMIC II Regular Interest and is entitled to distributions as set forth herein.