Release of Lien. (a) The Issuer shall be entitled to obtain a release from the Lien of this Indenture for any Timeshare Loan repurchased or substituted pursuant to Section 4.04 hereof, (i) in the case of any repurchase, after a payment by the Seller of the Repurchase Price of the Timeshare Loan, or (ii) in the case of any substitution, after payment of any applicable Substitution Shortfall Amount and the delivery of the Timeshare Loan Files for the related Qualified Substitute Timeshare Loan to the Custodian.
Appears in 8 contracts
Samples: Indenture (Diamond Resorts International, Inc.), Indenture (Diamond Resorts Parent, LLC), Indenture (Diamond Resorts International, Inc.)
Release of Lien. (a) The Issuer shall be entitled to obtain a release from the Lien of this the Indenture for any Timeshare Loan repurchased or substituted pursuant to Section 4.04 4.6 hereof, : (i) in the case of any repurchase, after a payment by the Seller of the Repurchase Price of the Timeshare Loan, or (ii) in the case of any substitution, after payment of any the applicable Substitution Shortfall Amount Amount, if any, and the delivery of the Timeshare Loan Files for the related Qualified Substitute Timeshare Loan to the Custodian.
Appears in 4 contracts
Samples: Indenture (Diamond Resorts Corp), Indenture (Diamond Resorts International, Inc.), Indenture (Diamond Resorts Parent, LLC)
Release of Lien. (a) The Issuer shall be entitled to obtain a release from the Lien of this Indenture for any Timeshare Loan repurchased or substituted pursuant to Section 4.04 hereof, (i) in the case of any repurchase, hereof after a payment by the Seller of the Repurchase Price of the Timeshare Loan, or (ii) in the case of any substitution, after payment of any applicable Substitution Shortfall Amount and the delivery of the Timeshare Loan Files for the related Qualified Substitute Timeshare Loan to the Custodian.
Appears in 1 contract
Release of Lien. (a) The Issuer shall be entitled to obtain a release from the Lien of this the Indenture for any Timeshare Loan repurchased or substituted pursuant to Section 4.04 hereof, 4.6: (i) in the case of any repurchase, after a payment by the Seller of the Repurchase Price of the Timeshare Loan, or (ii) in the case of any substitution, after payment of any the applicable Substitution Shortfall Amount and the delivery of the Timeshare Loan Files for the related Qualified Substitute Timeshare Loan to the Custodian.
Appears in 1 contract
Samples: Indenture (Sunterra Corp)
