Operating Contracts. Subject to the rights of the Timeshare Owners' Association as set forth in the Timeshare Documents, no Operating Contract shall be modified, extended, terminated or entered into, without the prior written approval of Agent, if any such modification, extension, termination or new agreement could have a material adverse impact on the operation of the Resort or the Collateral.
Operating Contracts. The contracts, agreements and arrangements comprising those agreements or arrangements relating to the operation of the Resorts, including without limitation, with respect to utilities, maintenance, management, services, marketing and sales under which the fees to be paid equal or exceed $50,000.00 (collectively, all such agreements and arrangements are referred to herein as the “Operating Contracts”) are unmodified and in full force and effect and shall remain free and clear of any lien.
Operating Contracts. Copies of all of the Operating Contracts, as they may have been modified, supplemented or amended along with a list of all Operating Contracts certified by Seller (the "CERTIFICATION OF OPERATING CONTRACTS").
Operating Contracts. If any material default shall occur by Borrower under material agreements or arrangements relating to the use, operation, maintenance, service or enjoyment of a Timeshare Project, including with respect to management, marketing and sales, in any material adverse manner with respect to the Lender’s Collateral or the ability of the Borrower to Perform its Obligations.
Operating Contracts. Borrower has entered into the contracts, agreements, and arrangements necessary for the operation of the Resorts, including but not limited to those with respect to utilities, maintenance, management, services, marketing and sales (hereinbelow defined as "Operating Contracts").
Operating Contracts. All other operating contracts and agreements relating to the business or operations of the Stations, all material such contracts as of the date of the Heritage Agreement being listed on Schedule 2.1.9 (including, without limitation, any LMA, all employment agreements and talent contracts, all leases and subleases relating to the Leased Property, all agreements relating to any motor vehicles, and all national and local advertising representation agreements for the Stations), together with all contracts and agreements that are entered into between the date of the Heritage Agreement and the Closing Date in accordance with the terms of this Agreement (collectively, the "Operating Contracts" and together with the Program Contracts, Trade-out Agreements, Time Sales Agreements and the Network Agreements, the "Station Contracts").
Operating Contracts. Borrower, Silverleaf Club, or the applicable Timeshare Owners’ Association has entered into the contracts, agreements, and arrangements necessary for the operation of the Resorts, including but not limited to those with respect to utilities, maintenance, management, services, marketing and sales.
Operating Contracts. Set forth in Exhibit 1.01(f) is a true and correct list of all supply, licensing and operating contracts, equipment leases, contracts with affiliates of Seller, transfer agreements, contracts for or other evidences of indebtedness (other than indebtedness to be discharged or released at Closing), security agreements and other contracts and agreements, including without limitation, all provider agreements with any third party payors and consulting and service contracts to which Seller is a party in connection with its operations at the Hospital and the Clinic (the "Operating Contracts"). Seller has provided Purchaser with a true and correct copy of each of the Operating Contracts. Each of the Operating Contracts is in full force and effect and none of the Operating Contracts has been modified or amended except as set forth in Exhibit 1.01(f). Seller is not in default of any of its obligations under the Operating Contracts nor is Seller aware of any default or any action or omission which, with the passage of time or the giving of notice or both, would constitute a default under the Operating Contracts by any other party thereto. At Closing, Seller shall deliver to Purchaser a duly executed assignment of the Operating Contracts. Purchaser acknowledges and agrees that Seller shall not be in default of its obligations under this Paragraph 6.21 in the event Exhibit 1.01(f) fails to list or Seller fails to provide to Purchaser any Operating Contracts where the payments remaining due thereunder are less than $25,000.
Operating Contracts. Except for changes as may be consented to in advance by Lender, the Operating Contracts shall remain in full force and effect and Borrower shall take or cause to be taken, actions to prevent defaults thereunder; provided, however, such Operating Contracts may be amended or terminated without Lender consent so long as any such amendment or termination would not result in a Material Adverse Change, provided, however, that any termination of the Operating Contract dealing with management shall be replaced with a customary management agreement with a Timeshare Manager with substantial experience and expertise in the hospitality industry and with respect to timeshare operations of a type and quality which is substantially similar to the Timeshare Project, which Person shall be reasonably acceptable to Lender.
Operating Contracts. Schedule 4.2.9(a) sets forth all of the Operating Contracts of the type described below (the "Material Contracts") that Seller, after using commercially reasonable efforts, has been able to gather for Buyer's review. No Operating Contract described in (i) below will be entered into after the date of this Agreement and no Operating Contract described in (ii) - (ix) will be entered into after the date of this Agreement other than in the ordinary course of business:
