Reservation Systems. Maintain one or more Reservation Systems, free and clear of Liens on the records or software applications used by such Reservation Systems, as is customary for companies in the same or similar businesses and operating in the same or similar locations, comply with all Time Share Laws and other laws related to the operation of such Reservation Systems, and maintain all necessary licenses to run such Reservation Systems, except in each case to the extent that failure to do so could not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect. Maintain a ratio of (i) Points sold to customers to (ii) total number of Points allocable to available space in the Points Based Time Share Resorts and available in the Reservation Systems(s) that does not exceed 1.0 to 1.0, consistent with applicable law.
Appears in 2 contracts
Sources: Second Lien Credit Agreement (Sunterra Corp), First Lien Credit Agreement (Sunterra Corp)