Common use of Maintenance of Larger Tract Clause in Contracts

Maintenance of Larger Tract. To the extent either Timeshare Project is part of a larger common ownership regime or planned development or parts of buildings in which Units are located are not part of such Timeshare Project, Borrower will not permit common expenses to be allocated to such Timeshare Project in an unreasonably disproportionate manner.

Appears in 3 contracts

Samples: Loan and Security Agreement (BFC Financial Corp), Loan and Security Agreement (BBX Capital Corp), Loan and Security Agreement (Bluegreen Corp)

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Maintenance of Larger Tract. To the extent either Timeshare Project is part of a larger common ownership regime or planned development or parts of buildings in which Units are located are not part of such Timeshare Project, Borrower will not permit common expenses to be allocated to such Timeshare Project in an unreasonably disproportionate manner.. 

Appears in 3 contracts

Samples: Loan and Security Agreement (Bluegreen Vacations Corp), Loan and Security Agreement (Bluegreen Vacations Holding Corp), Loan and Security Agreement (BBX Capital Corp)

Maintenance of Larger Tract. To the extent either that a Timeshare Project is either (i) part of a larger common ownership regime or planned development or (ii) parts of buildings in which Units are located are not part of such a Timeshare Project, Borrower will not permit pay its commercially reasonable share of common expenses to be allocated to such Timeshare Project. Borrower will use commercially reasonable efforts to cause all such property which is not part of a Timeshare Project to be professionally managed in an unreasonably disproportionate manner.a first class manner substantially similar to the manner in which the Timeshare Projects are managed. 

Appears in 3 contracts

Samples: Loan and Security Agreement (Bluegreen Vacations Holding Corp), Loan and Security Agreement (Bluegreen Vacations Corp), Loan and Security Agreement (BBX Capital Corp)

Maintenance of Larger Tract. To the extent either that a Timeshare Project is either (i) part of a larger common ownership regime or planned development or (ii) parts of buildings in which Units are located are not part of such a Timeshare Project, Borrower will not permit pay its commercially reasonable share of common expenses to be allocated to such Timeshare Project. Borrower will use commercially reasonable efforts to cause all such property which is not part of a Timeshare Project to be professionally managed in an unreasonably disproportionate mannera first class manner substantially similar to the manner in which the Timeshare Projects are managed.

Appears in 2 contracts

Samples: Loan and Security Agreement (BFC Financial Corp), Loan and Security Agreement (BBX Capital Corp)

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Maintenance of Larger Tract. To the extent either that the Timeshare Project is either (i) part of a larger common ownership regime or planned development or (ii) parts of buildings in which Units are located are not part of such the Timeshare Project, Borrower will not permit pay its commercially reasonable share of common expenses to be allocated to the Timeshare Project. Borrower will use commercially reasonable efforts to cause all such property which is not part of the Timeshare Project to be professionally managed in an unreasonably disproportionate mannera first class manner substantially similar to the manner in which the Timeshare Project is managed.

Appears in 2 contracts

Samples: Loan Agreement (BBX Capital Corp), Loan Agreement (BFC Financial Corp)

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