Common use of Applicable Timeshare Documents Clause in Contracts

Applicable Timeshare Documents. All Applicable Declarations and other documents and instruments relating to an Applicable Resort and/or the Units, Common Elements, Common Furnishings, and Intervals thereat, including but not limited to the marketing, sale, and financing of such Intervals. Each Applicable Timeshare Document shall be in form and content acceptable to Lender, in its sole discretion. Lender shall have received and approved true, correct, and complete copies of all Applicable Timeshare Documents as a condition precedent to any Advances hereunder in respect of the Applicable Resort to which such Applicable Timeshare Documents pertain.

Appears in 2 contracts

Sources: Loan and Security Agreement (Equivest Finance Inc), Loan and Security Agreement (Equivest Finance Inc)

Applicable Timeshare Documents. All Applicable Declarations and other documents and instruments relating to an Applicable Resort and/or the Units, Common Elements, Common Furnishings, and Intervals thereat, including but not limited to the project documents, registrations or other approvals, business licenses, Interval owners' association agreements and corporate documents, budgets, and other documents used in the marketing, sale, and financing of such Intervals. Each Applicable Timeshare Document shall be in form and content acceptable to Lender, in its sole discretion. Lender shall have received and approved true, correct, and complete copies of all Applicable Timeshare Documents as a condition precedent to any Advances hereunder in respect of the Applicable Resort to which such Applicable Timeshare Documents pertain.

Appears in 1 contract

Sources: Loan and Security Agreement (Equivest Finance Inc)