St. Maarten Notice Clause Samples

St. Maarten Notice. Within 45 days of the Closing Date (with respect to the initial Timeshare Loans) or any Transfer Date (with respect to a Qualified Substitute Timeshare Loan or Subsequent Timeshare Loan), as the case may be, the Servicer shall give notice to each Obligor under a Timeshare Loan with respect to any Resort in the territory of St. Maarten that such Timeshare Loan has been transferred and assigned to the Indenture Trustee, in trust, for the benefit of the Noteholders. Such notice may include any notice or notices that the Issuer’s predecessors in title to the Timeshare Loan may give to the same Obligor with respect to any transfers and assignments of the Timeshare Loan by such predecessors. Such notice shall be in the form attached hereto as Exhibit N, as the same may be amended, revised or substituted by the Indenture Trustee and the Servicer from time to time.

St. Maarten Notice. Within 45 days of the Closing Date (with respect to the initial Timeshare Loans) or any Transfer Date (with respect to a Qualified Substitute Timeshare Loan or Subsequent Timeshare Loan), as the case may be, the Servicer shall give notice to each Obligor under a Timeshare Loan related to any Resort in the territory of St. Maarten that such Timeshare Loan has been transferred and assigned to the Indenture Trustee, in trust, for the benefit of the Noteholders. Such notice may include any notice or notices that the Issuer’s predecessors in title to the Timeshare Loan may give to the same Obligor with respect to any transfers and assignments of the Timeshare Loan by such predecessors. Such notice shall be in the form attached hereto as Exhibit N, as the same may be amended, revised or substituted by the Indenture Trustee and the Servicer from time to time. ARTICLE VI