Common use of LOCAL ISSUES Clause in Contracts

LOCAL ISSUES. Lender shall be satisfied with Mexican laws governing all matters relating to the Inventory Loan, including without limitation, the creation and perfection of security on real estate, the creation and perfection of the assignment of purchaser contracts, the creation, marketing and sale of unsold use rights and memberships, and other related matters.

Appears in 1 contract

Sources: Loan and Security Agreement (Cr Resorts Capital S De R L De C V)

LOCAL ISSUES. Lender shall be satisfied with Mexican laws governing all matters relating to the Inventory Receivables Loan, including without limitation, the creation and perfection of security on real estate, the creation and perfection of the assignment of purchaser contracts, the creation, marketing and sale of unsold use rights and memberships, and other related matters.

Appears in 1 contract

Sources: Loan and Security Agreement (Cr Resorts Capital S De R L De C V)

LOCAL ISSUES. Lender shall be satisfied with Mexican laws governing all matters relating to the Inventory Receivables Loan, including without limitation, the creation and perfection of a security interest on real estate, the creation and perfection of the assignment of purchaser contracts, the creation, marketing and sale of unsold use rights and memberships, Receivables Loan Collateral and other related matters.

Appears in 1 contract

Sources: Loan Agreement (Raintree Resorts International Inc)