Common use of Intended Characterization; Grant of Security Interest Clause in Contracts

Intended Characterization; Grant of Security Interest. It is the intention of the parties hereto that the transfer of Timeshare Loans to be made pursuant to the terms hereof shall constitute a sale by the Seller or Bluegreen, as applicable, to the Depositor and 3

Appears in 4 contracts

Samples: Transfer Agreement (Bluegreen Vacations Holding Corp), Transfer Agreement (BBX Capital Corp), Transfer Agreement (BFC Financial Corp)

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Intended Characterization; Grant of Security Interest. It is the intention of the parties hereto that the transfer of Timeshare Loans to be made pursuant to the terms hereof shall constitute a sale by the Seller or Bluegreen, as applicable, to the Depositor and 3not a loan secured by such

Appears in 2 contracts

Samples: Transfer Agreement (Bluegreen Corp), Transfer Agreement (Bluegreen Corp)

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