Common use of Sole Remedy Clause in Contracts

Sole Remedy. It is understood and agreed that the obligations of Bluegreen contained in Section 6(a) hereof to cure a breach, or to repurchase or substitute related Defective Timeshare Loans and the obligation of Bluegreen to indemnify pursuant to Section 8 hereof shall constitute the sole remedies available to the Depositor or its subsequent assignees for the breaches of any representation or warranty contained in Section 5 hereof, and such remedies are not intended to and do not constitute “credit recourse” to Bluegreen.

Appears in 12 contracts

Samples: Transfer Agreement (BBX Capital Corp), Transfer Agreement (Bluegreen Vacations Corp), Transfer Agreement (BBX Capital Corp)

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Sole Remedy. It is understood and agreed that the obligations of Bluegreen contained in Section 6(a) hereof to cure a breach, or to repurchase or substitute related Defective Timeshare Loans and the obligation of Bluegreen to indemnify pursuant to Section 8 hereof shall constitute the sole remedies available to the Depositor or its subsequent assignees for the breaches of any representation or warranty contained in Section 5 hereofhereof , and such remedies are not intended to and do not constitute “credit recourse” to Bluegreen.

Appears in 4 contracts

Samples: Transfer Agreement (BFC Financial Corp), Transfer Agreement (Bluegreen Corp), Transfer Agreement (Bluegreen Corp)

Sole Remedy. It is understood and agreed that the obligations of Bluegreen contained in Section 6(a) hereof to cure a material breach, or to repurchase or substitute related Defective Timeshare Loans and the obligation of Bluegreen to indemnify pursuant to Section 8 hereof shall constitute the sole remedies available to the Securitization Depositor or its subsequent assignees for the breaches of any of its representation or warranty contained in Section 5 hereof5, and such remedies are not intended to and do not constitute "credit recourse" to Bluegreen.

Appears in 3 contracts

Samples: Transfer Agreement (Bluegreen Corp), Transfer Agreement (Bluegreen Corp), Transfer Agreement (Bluegreen Corp)

Sole Remedy. It is understood and agreed that the obligations of Bluegreen contained in Section 6(a) hereof to cure a breach, or to repurchase or substitute related Defective Timeshare Loans and the obligation of Bluegreen to indemnify pursuant to Section 8 hereof shall constitute the sole remedies available to the Depositor Issuer or its subsequent assignees for the breaches of any representation or warranty contained in Section 5 hereofhereof , and such remedies are not intended to and do not constitute “credit recourse” to Bluegreen.

Appears in 1 contract

Samples: Sale Agreement (Bluegreen Corp)

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Sole Remedy. It is understood and agreed that the obligations of Bluegreen contained in Section 6(a) hereof to cure a material breach, or to repurchase or substitute related Defective Timeshare Loans and the obligation of Bluegreen to indemnify pursuant to Section 8 hereof shall constitute the sole remedies available to the Depositor or its subsequent assignees for the breaches of any representation or warranty contained in Section 5 hereof5, and such remedies are not intended to and do not constitute "credit recourse" to Bluegreen.

Appears in 1 contract

Samples: Transfer Agreement (Bluegreen Corp)

Sole Remedy. It is understood and agreed that the obligations of Bluegreen contained in Section 6(a) hereof to cure a breach, or to repurchase or substitute related Defective Timeshare Loans and the obligation of Bluegreen to indemnify pursuant to Section 8 hereof shall constitute the sole remedies available to the Depositor or its subsequent assignees for the breaches of any representation or warranty contained in Section 5 hereof5, and such remedies are not intended to and do not constitute "credit recourse" to Bluegreen.

Appears in 1 contract

Samples: Transfer Agreement (Bluegreen Corp)

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