Common use of Sales and Inventory Reports Clause in Contracts

Sales and Inventory Reports. Provided that the Backup Servicer is not the Servicer, a quarterly report showing all sales and cancellations of sales of Intervals on Resorts and Additional Resorts on a resort by resort basis, in form and content reasonably satisfactory to the Agent; and within thirty (30) Business Days after the end of each fiscal year an annual sales and inventory report for the Resorts and Additional Resorts detailing the sales of all Intervals on a resort by resort basis during such fiscal year and the available inventory of Units and Intervals, certified by the Servicer to be true, correct and complete and otherwise in the form approved by the Trust.